What can I use HSA funds for?
Posted: March 13, 2024
Health Savings Accounts (HSAs) have become a popular tool for managing healthcare costs while enjoying tax advantages. Understanding the scope of qualified medical expenses that can be paid for with HSA funds is crucial for maximizing the benefits of this financial tool. Let’s delve into the specifics of what you can use HSA funds for. Qualified Medical Expenses HSAs are designed to cover a wide...
Standard vs. Hybrid Life Insurance: Which Is Better?
Posted: October 22, 2021
Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...
Beginner’s Guide to Group Long-Term Care Insurance
Posted: May 13, 2021
In their younger years, most people do not consider needing long-term care later in life. However, it is worth considering. Purchasing this insurance when you are young makes it much more affordable. Long term care insurance is purchased as an individual or through a group long-term care insurance plan offered by an employer. Should I Invest in Long-Term Care Insurance? If your employer offers you...
