” says Frederick. “Most policies increase every five years and become incredibly expensive once the employee turns 50. If you are healthy and a nonsmoker, buying a stand-alone policy might be cheaper than taking coverage through your employer.”...
With employer-sponsored health insurance coverage, an organization must contribute a minimum percentage and have employees pay the remaining share, usually through a payroll deduction. So, what percent do employers typically pay in the United States? This article will discuss employer-sponsored health i...
The vast majority of group health insurance plans are employer-sponsored benefit plans. It is possible, however, to purchase group coverage through an association or other organizations. Examples of such plans include those offered by the American Association of Retired Persons (AARP), the Freelancers...
If you don’t have access to health insurance via your employer, you can purchase an individual policy through the Health Insurance Marketplace at healthcare.gov, or through your state’s health insurance exchange. Each state has its own benchmark health insurance plan, which is the plan used...
Life insurance is an essential part of your and your family's finances but protecting your income in the event of an illness or injury is a key pillar to your future well-being. Many employees have some form of life cover and income protection insurance through t...
Term life policies can be bought either individually or through a group life insurance plan available through an employer, civic, or religious organization. There are also joint life policies that would cover two people. One example of this type of policy is a survivorship policy. This would cov...
How do health insurance subsidies work? Those who do not receive their health insurance coverage through an employer or other government programs may be eligible for Affordable Care Act (ACA) subsidies to help them afford their monthly premiums. The most common kind of subsidies are called advanced...
Bupa's Comprehensive policy goes further in that it provides diagnostic tests and scans, out-patient consultations as well as post-treatment tests, scans and consultations. The ‘Treatment and Care' health insurance plan is cheaper than the Comprehensive plan. The table below ...
Is Duty Free Cheaper? Outside of convenience, you may be compelled to shop at a duty free store for its value. When the taxes aren’t added, the prices are typically lower than places where duty is included. While duty free can translate into better prices, it doesn't always. Sponsore...
There are basically two types of life insurance: term life and permanent life. Term life covers you for a fixed amount of time while permanent life insurance can cover you until the end of your life. Generally, term life insurance is cheaper to purchase than permanent life. However, permanent...