Now that United States is essentially in lockdown mode because of the coronavirus, many employees have started emailing and calling me to ask does short term disability insurance cover the coronavirus? These employees have realized that the virus has not only threatened everyone’s health but also everyone’s job as well. Even if their job isn’t […]
Does Health Insurance Cover Gym Memberships?
One of the questions I get from time to time during open enrollment is does health insurance cover gym membership? If you have a gym membership or are thinking about getting one, then an added bonus would be if the health insurance company would pay for it. So, let’s talk about whether or not a […]
Is the Cost of Health Insurance Tax Deductible?
If you are doing your taxes right now, you might be wondering is the cost of health insurance tax deductible? What about the other out of pocket expenses you pay for medical care like your deductibles, copayments and coinsurance? Taxes are a pretty complicated issue but I’m going to do the best I can to […]
What is the Terminal Illness Rider and How Does It Work?
The terminal illness rider is a life insurance rider. It may also be called an accelerated death benefit or living needs benefit rider. Most life insurance companies include this rider on all of their policies at no extra cost to you. That means there’s a good chance this rider is attached to your policy (if […]
Everyone’s “Life Insurance Awareness Month” To Do List (2018)
Life insurance awareness month is here again. It’s time to review my list of things you should do this month to clean up your life insurance. Outside of weird people like me who really dig into how life insurance works, most people have their life insurance on a set it and mostly forget it mode. […]
7 Steps to Beat Surprise Out of Network Medical Bills
A few months back, I had to take my wife to the emergency room. I have two hospitals within 5 minutes of me. Both are considered in network hospitals in our medical plan. I chose the closest of the two. After being transferred to another in network hospital and a six day hospital stay, she […]
10 Mistakes When Buying Life Insurance for Your Parents
One of the questions I get asked quite a bit is – can you buy life insurance on your parents? I get this question for a variety of reasons but the number one reason is that the parents don’t own any life insurance. In this article, I’m going to talk about the in’s and out’s […]
Is Hospital Indemnity Insurance Worth It?
Hospital indemnity plans have been available privately and at work through companies like AFLAC, Allstate and MetLife for a long time. However, with the higher deductibles brought on by the Affordable Care Act, these plans are more likely to be offered at work during your core benefits enrollment alongside critical illness and accident plans. Because […]
Does Life Insurance Pay for Suicidal Death?
In this article, I wanted to answer a common question I get. That question is does life insurance pay for suicidal death? Whether it will pay for suicide or not will primarily depends on four things. Those four things are: What kind of life insurance is it? Where do you live (or live when you […]
19 Ways to Save Money on Life Insurance Premiums
In this article, I’m going to share with you some tips you can use if you want to know how to save money on life insurance premiums. Many of these things are simple strategies while others will require a change in habits. OK. let’s get started with my list. 1. Buy life insurance sooner rather […]