Your coverage doesn’t stop immediately upon your 26th birthday but at some point during the year you turn 26, depending on the type of insurance coverage your parents have. Your coverage will eventually stop though. This is because the health insurance system considers you an adult at this point, capable of maintaining your own health plan.
Whether this is the first time you’re purchasing health insurance, or you’re trying to choose the most economical plan for your needs, understanding how health insurance premiums are priced is an important step to choosing the best plan for you. In this post, we’ll explain the various factors that affect how a health insurance plan is priced and then show you how to choose the best one for your individual circumstance.
If you are actively enrolled in a high deductible health plan and your employer doesn't offer an HSA, you can sign up for one on your own and enjoy the tax advantages and savings options it offers.
Stay up to date on the latest news delivered straight to your inbox
Expect a friendly hello in your inbox.
Open enrollment doesn’t need to happen at the same time it did last year, so how should you choose your open enrollment dates? By taking into consideration how much time employees need to sign up for insurance, carrier deadlines, and important dates, like holidays and any other typical busy periods for employees.
The IRS released its contribution limits for retirement savings accounts, including 401(k)s and IRAs, in 2023, here’s what they are and how you can use them to maximize your retirement savings.
Every year, the IRS announces FSA contribution limits for the following calendar year and usually revise them upward. And it’s important to pay attention to the changes to make sure you’re maximizing this benefit.
Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.