Social Security benefits are an important source of income for many retirees. But how much you receive each month depends on your lifetime earnings and when you start taking benefits. For those earning around $25,000 annually, your Social Security checks may be reduced based on your income. Here’s what to know about how much Social … Read more

Pennie is Pennsylvania’s health insurance marketplace where residents can shop for affordable health and dental coverage and enroll in financial assistance programs. This article provides an overview of what Pennie is, how it works, who is eligible, and what health insurance options are available. What is Pennie? Pennie stands for “Pennsylvania Heath Insurance Exchange.” It … Read more

Medicare eligibility isn’t based on income levels or assets. All U.S. citizens and permanent residents 65 or older can enroll in Medicare. However, higher-income seniors may pay more for Medicare coverage. Those with limited means can qualify for financial assistance. Understanding how income affects Medicare costs helps you budget appropriately. Continue reading to learn more … Read more

Life insurance provides financial protection for your loved ones in the event of your death. When you purchase a policy, you expect that the death benefit will be paid to your beneficiaries if you pass away during the coverage period. But life insurance claims can sometimes be denied. So do policies always pay out when … Read more

The insurance claims ratio is a critical metric used to gauge the profitability and health of insurance companies. But what exactly does this ratio tell us and why does it matter? This comprehensive guide provides an in-depth look at what the insurance claims ratio is, how it’s calculated, how to analyze it, and tips for … Read more

Anthem and Blue Cross Blue Shield (BCBS) are related but separate health insurance companies. Anthem owns and operates for-profit BCBS plans in 14 states. In these states, Anthem has an exclusive license from the Blue Cross Blue Shield Association to market plans under the BCBS brand. However, Anthem plans are not the same as the … Read more

Hired and non-owned auto insurance provides liability coverage for vehicles that a business does not own but uses for commercial purposes. This type of coverage is important for companies that have employees driving rented, borrowed, leased, or personal vehicles for work activities. Here’s an overview of what hired and non-owned coverage includes: Hired Auto Coverage … Read more

Buying life insurance can be an important financial decision for small business owners. Term life or permanent life insurance policies provide protection for your loved ones if you pass away unexpectedly. But life insurance policies also have unique tax implications, especially when combined with an S corporation. In this comprehensive guide, we’ll cover everything you … Read more

Liberty Mutual’s slogan “Only Pay for What You Need” refers to their customizable home insurance offering. But what exactly does this mean for customers shopping for homeowners coverage? Let’s break down the details behind this popular tagline. Customizing Your Home Insurance Policy The phrase highlights how Liberty Mutual provides customized home insurance policies. Rather than … Read more

Providing quality health insurance for yourself and your employees is crucial for any business. But the rules around who can receive tax-free health benefits vary depending on your corporate structure. Specifically, C corporations have unique advantages when it comes to deducting health insurance costs for owners and shareholders. In this comprehensive guide, we’ll explain how … Read more