Capitalize On Supplemental Benefits With Medicare Advantage Most Medicare Advantage (MA) enrollees use one or more supplemental benefits, with most health plan members using multiple benefits, according to a newly released report from the Elevance Health Public Policy Institute. The analysis concludes that MA enrollees see value in plans with supplemental benefits to address personalized…
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Juvenile Life Insurance: The Whys and Hows Juvenile life insurance is a type of life insurance that is designed for children. It can provide financial protection for the child’s beneficiaries in the event of the child’s death. Juvenile life insurance can also be used to build savings for the child’s future. Here are some of…
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Grasping Convertible Term Convertible term life insurance is a type of term life insurance that gives you the option to convert it to a permanent life insurance policy, such as whole life insurance or universal life insurance, without having to undergo another medical exam. This can be a valuable option if your health changes or…
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The decision of whether or not to get life insurance is a personal one, and there is no one-size-fits-all answer. However, there are a few factors that young adults should consider when making this decision. Do you have dependents? If you have a spouse, children, or other dependents who rely on your income, then life…
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How Life Insurance Planning Fits Into A Financial Plan A financial plan without adequate life insurance is no financial plan at all. Insurance isn’t just about planning for life’s worst-case scenarios. Insurance can even be used to diversify your portfolio, add some predictability and reduce your tax burden. Life insurance is a type of insurance…
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3 Health Benefit Options For Small Businesses With One Employee 1.) Health reimbursement arrangement (HRA): An HRA is a tax-advantaged account that allows employers to reimburse employees for their health care expenses. The employer sets up the HRA and contributes money to it, and the employee can then use the money to pay for…
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What Is Cyber Insurance? Cyber liability insurance is a type of insurance that covers businesses against financial losses resulting from a cyberattack. This can include the cost of restoring data, hiring experts to investigate and remediate the attack, lost business, legal fees, and public relations costs. Cyber liability insurance is important for businesses of all…
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Hurricane Ida: The Impact on New York City & New Jersey We remember the loss of more than 30 lives and devastating flood damage after the remnants of Hurricane Ida slammed NYC New Jersey Area two years ago. Hurricane Ida made landfall in Louisiana on August 29, 2021, as a Category 4 hurricane. The storm…
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Health Insurance Rates in New York Expected To Rise By Double Digits In 2024 Health insurance rates in New York are expected to jump by double digits in 2024, according to a new report by the state’s Department of Financial Services. The report found that average premiums for individual health insurance plans will increase by…
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Understanding Business Interruption Insurance Business interruption insurance is a type of insurance that can help protect your business from financial losses that occur when your business is unable to operate due to a covered event. This could include a fire, flood, natural disaster, or even a pandemic. What Does Business Interruption Insurance Cover? Business interruption…
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