Impact of Disability

While most Americans insure their lives and physical possessions such as their homes, cards, etc., many overlook the need to protect their most valuable asset – the ability to earn an income. How likely is it that someone will become disabled? Check out this chart showing the impact of disability.

Choosing LTC

Assessing the need for long-term care (LTC) is an important part of any risk management program. The heavy economic burden of paying for such care should be measured against your available resources. Learn more about the common elements in long-term care policies.

Medical Saving Accounts

In the late 90s/early 2000s did you open a Medical Savings Account (MSA)? This savings account was available to employees of small businesses and self-employed individuals, and was designed to help individual taxpayers meet unreimbursed medical expenses on a tax-favored basis. Learn more about the Key Points of MSAs.

The Need for Health Insurance

Most of us would agree that good health is an extremely valuable attribute. Even the healthiest among us need some medical care. Regular physician and dental visits are a normal part of maintaining good health.Learn more about paying for medical care.

Business Responsibilities Under the PPACA

PPACA stands for the Patient Protection and Affordable Care Act which has several goals, including increasing access to health insurance coverage, expanding federal private health insurance market requirements, and providing for the creation of health insurance exchanges to provide individuals and small employers with access to qualified health insurance.

Health Reimbursement How it Works

A Health Reimbursement Arrangement is an arrangement in which an employer reimburses an employee for qualifying medical expenses. If IRS requirements are met, the reimbursements are income tax-free to the employee and a deductible expense for the employer. Check out this visual to see how it works!

Group Disability

Group Disability covers a number of people linked in some way, such as through an employer, trade association, or a school. Benefits are paid to replace earnings lost due to accident or sickness. Generally, the cost of group coverage is less expensive but policies can vary widely. Here are some factors to consider.