Employer-Provided Life Insurance: What You Need to Know
Posted: November 7, 2021
Life insurance is a popular feature of employee benefits packages. Many employers provide basic group life free of charge to their employees. More Americans have workplace plans than individual life insurance plans, as reported in a NerdWallet article. If your employer offers free or low-cost basic group life, there is no reason not to accept it. Enrollment is automatic in some cases. Although it is a...
Get the Facts About Hospice Care and Medicare
Posted: November 6, 2021
November is National Hospice and Palliative Care Month. Hospice care is compassionate end-of-life care. It includes services intended to provide comfort for terminally ill individuals. Palliative care is specialized medical care, performed to relieve pain and stress, with a focus on the needs of the patient, not on the prognosis. Medicare provides coverage for hospice care. The National Hospice and Palliative Care Organization (NHPCO) reports...
Should Your Business Offer an HRA or HSA?
Posted: October 28, 2021
HRAs and HSAs are two very popular, tax-advantaged healthcare savings plans. These plans differ in several ways, including who is eligible to participate, where contributions come from, and what kind of health plans can be combined with them. Before deciding which one is better for your company, it is important to understand what these plans are, what benefits they provide, and the key differences between...
6 Habits That Support Strong Mental Health
Posted: October 25, 2021
Maintaining good mental health has become more challenging in recent times, with the global pandemic and other factors contributing to stress and anxiety. It is more important now than ever to develop healthy habits to improve your mood and help keep stress at bay. Cultivating the following habits will benefit not only your mental health, but your physical health, as well. Get Regular Exercise This...
Standard vs. Hybrid Life Insurance: Which Is Better?
Posted: October 22, 2021
Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...