The Go to Insurance

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An HSA is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums.

“Imagination is everything. It is the preview of life’s coming attractions.” – Albert Einstein

Key Person Insurance is a business-owned life insurance contract typically on the lives of principal officers that normally provides for guaranteed death benefits to the company and the accumulation of a cash surrender value.

Question: Is my disability income taxable?
Answer: Money received from worker's compensation for sickness or illness is not subject to income tax. Amounts received under a private accident policy for which you pay the premiums are also nontaxable. To the extent your employer pays the insurance premiums, your benefits will be subject to tax.

Health Insurance 101: “Coordination of Benefits” is a way to figure out who pays first when 2 or more health insurance plans are responsible for paying the same medical claim.

Fast Fact: When they say “Telemedicine” they mean medical or other health services given to a patient using a communications system (like a computer, phone, or television) by a practitioner in a location different than the patient's.

TGIF “From a small seed a mighty trunk may grow.” -Aeschylus

With Life Insurance a “Non-Forfeiture Clause” is a clause in an insurance policy with cash value that entitles the insured to all or a portion of the benefits, or a partial refund on premiums paid, if the insured person misses premium payments and the policy lapses as a result. This clause is usually only in effect for a limited period of time.