Health Savings Accounts (HSAs) are a popular way to save money for healthcare expenses tax-free. HSAs are typically paired with high-deductible health plans (HDHPs) that have lower premiums but higher deductibles. A key question that often comes up is whether you can keep contributing to an HSA if you lose your HDHP coverage. The short … Read more

It’s becoming increasingly common for employers to inquire about a spouse’s access to health insurance. With rising healthcare costs, some companies are looking to trim expenses by limiting coverage for spouses who could get insurance through their own job. So can your employer actually ask about your spouse’s insurance when you enroll in workplace benefits? … Read more

When it comes to health insurance, understanding the different plan types can be confusing. UHC Choice Plus is a common insurance plan offered by many employers. But is it a PPO or POS plan? What exactly is the difference between PPO and POS anyway? This comprehensive guide examines UHC Choice Plus and explains how to … Read more

If you have property insurance such as homeowners, commercial property, or flood insurance, you have likely come across the term “did over should” when discussing claims and payouts. This refers to the coinsurance formula that is applied when determining claim payments. Coinsurance is an important provision in property insurance policies. It encourages policyholders to insure … Read more

Having a trust can provide many benefits, such as avoiding probate and protecting assets. However, a common question that comes up is whether you still need umbrella insurance if you have a trust set up. The short answer is yes, umbrella insurance is still recommended even if you have a trust. What is Umbrella Insurance? … Read more

When you purchase an insurance policy and pay your premiums each month, you know that part of that money goes to compensate the agent who sold you the policy. But what happens when you actually file a claim – does your agent also earn commission when they process your claim? This is a common question … Read more

Cigna Open Access Plus (OAP) is a type of preferred provider organization (PPO) health insurance plan offered by Cigna. As a PPO, the OAP plan provides more flexibility in choosing doctors compared to health maintenance organization (HMO) plans. But you may be wondering, what exactly is a PPO and how does the Cigna OAP plan … Read more

Trying to navigate the Obamacare health insurance marketplace on your own can be confusing and time-consuming. You may wonder if working with an insurance broker could make the process easier. In this comprehensive guide, we’ll explain: What an insurance broker is How brokers can assist with ACA enrollment Key benefits of using a broker for … Read more

When applying for insurance, you will often see a field on the application asking for your “relationship to policyholder”. This simply refers to your connection to the person purchasing and owning the policy. Understanding how to properly fill in this relationship information is key to ensuring you get the appropriate coverage. Who is the Policyholder? … Read more

Health savings accounts (HSAs) allow individuals to set aside pre-tax funds to pay for qualified medical expenses. Many people utilize HSAs to help cover the costs of medications, doctor visits, and other common healthcare needs. However, when it comes to less traditional expenses like protein bars and powders, the rules become more nuanced. Understanding what … Read more