Uncle Sam Beefs Up Mental Health, Addiction Coverage

Federal regulations under the Affordable Health Care Act (ACA) require insurance companies and health care providers to treat mental illness and addiction in the same way as physical ailments. That’s good news for everyone with health insurance. The ACA prohibits denying coverage or charging higher premiums to due pre-existing conditions, which include mental illness, while… Read more »

Help Workers Plan For Their ‘Golden Years’

For your workers to enjoy the full financial benefits from their 401(k) plans, experts recommend that employee education sessions make sure that participants: Contribute enough to receive the maximum match. One expert estimates that at least one in three employees don’t make the maximum contribution, which means they’re leaving free money on the table. Avoid… Read more »

Your Health Plan – To ‘Grandfather’ Or Not To ‘Grandfather?’

The Health insurance exchanges under the Affordable Care Act (ACA) give you the opportunity to shop for policies that provide such “essential benefits” as free preventive care. On the other hand, if your current plan was created before March 23, 2010, you might prefer keep it on a “grandfathered” basis. The choice will depend on… Read more »

Term Life Insurance: The Conversion Option

  Term life insurance is temporary, but it doesn’t have to stay that way. Most term life policies sold today can be converted to permanent whole life or universal life which will provide coverage until you die and can offer significant advantages. When you convert from term life to permanent, you won’t have to answer… Read more »

Supplemental Disability Income: Beware These Pitfalls!

The income disparity between rank and file workers and highly compensated employees (especially those eligible for bonuses) is leading more and more companies to offer Supplementary Disability Income insurance. These plans, usually written on a guaranteed standard issue basis, provide coverage at discounted rates. Supplemental Disability Income has a strong appeal these days, especially with… Read more »

Renters Insurance: Reality Check

A recent nationwide survey found that only 34% of tenants carry a Renters insurance policy which means that most renters are taking a financial gamble with all of their belongings. The three leading reasons that respondents gave for not buying Renters insurance show that many people don’t understand what this policy covers – and doesn’t… Read more »

The Better Your Credit, The Lower Your Auto Insurance Premiums

Your credit scores help determine what you’ll pay for an auto loan – and Auto insurance. Studies by state regulators, universities, and independent auditors show that such credit information as how often you’ve paid a bill more than 60 days late can predict your probability of making an Auto claim and its cost. Insurance companies… Read more »