A health insurance deductible is the amount of money that an insured person must pay out of pocket every year for eligible healthcare services before the insurance plan begins to cover the costs. The size of the deductible varies depending on the health insurance plan. As a rule, the higher...
Understanding What Is Covered In Your Health Insurance PolicyGregorio Moore
One of the more unique features of the law is that it doesn't specify a particular dollar amount for fines or other statutory damages for breaking the law. It simply states that the Attorney General can take legal action. Businesses will also have a 60-day cure period to address any viola...
In assessing an economy's health, the nation's unemployment rate plays a major factor in setting monetary policy and making strategic economic decisions. There are various ways to calculateunemployment, however, the general public is most familiar with the U-3 rate. The calculation for this itera...
With an "immediate" annuity the amount of income you sign up for is paid to you for your lifetime. The insurance companies are able to guarantee these payments regardless of their internal costs or profitability because they are able to project their costs ahead of time, so they build those...
Short-term health insurance is an affordable, flexible option for those needing immediate, temporary coverage. However, it comes with significant limitations, including exclusions for pre-existing conditions and essential health benefits. Before enrolling, consider your healthcare needs, state regulations,...
Open enrollment period is the designated time each year when you can purchase and apply for health insurance for the upcoming year, without a qualifying event.
Health insurance is a critical component of financial planning and can provide valuable support in times of medical need. It offers coverage for a variety of healthcare expenses, including doctor visits, hospital stays, prescription medications, and preventive care. However, health insurance doesn’t...
temporary hires who are employed for a fixed amount of time; and part-time workers who work less than full-time hours. The gig economy provides consumers with an alternative to commercial products and industries. They turn to the gig economy for convenience, better service or both. This is ...
There's an open enrollment period on the Health Insurance Marketplace every year during which people can buy or switch insurance plans. Enrollment outside of the open season is allowed only for those whose circumstances change such as because they've married, divorced, become a parent, or lost...