Category: Insurance

Federal student loan borrowers have about a month to prepare for the resumption of payments following a payment moratorium that began in March 2020, during the early days of the COVID-19 pandemic. If you’re worried that you can’t afford your payments — especially now that the Biden loan forgiveness program has been shot down – one option is to seek help from your employer. Student Loan Forgiveness: 10 Expenses To Cut From Your Budget When Payments ResumeLearn More: What To Do If You Owe Back Taxes to the IRS In an Aug. 24 news release, the IRS reminded employers that they can offer workers up to $5,250 tax-free annually as part of their educational assistance benefits. According to the news release, Employers with educational assistance programs can use them to…

Insurance is a vital tool for protecting individuals and businesses from unexpected financial losses. However, there are certain types of insurance claims that are more common than others. By understanding the most common insurance claims and taking steps to avoid them, individuals and businesses can help reduce the likelihood of experiencing a loss and keep their insurance costs under control. In this article, we will explore the most common insurance claims and provide tips on how to avoid them. Property Damage Claims Property damage claims are one of the most common types of insurance claims, particularly for homeowners and business owners. These claims can result from a variety of incidents, including fires, floods, and vandalism. To avoid property damage claims, it is important to take proactive measures to protect your…

Health insurance is an important investment for individuals and families, providing coverage for medical expenses and protecting against financial hardship. However, the true cost of health insurance can be difficult to understand, with premiums, deductibles, and co-payments all contributing to the overall cost. In this article, we will explore the factors that contribute to the true cost of health insurance and why premiums keep rising. Rising Medical Expenses One of the main factors contributing to the rising cost of health insurance is the overall increase in medical expenses. Healthcare costs have been rising at a faster rate than inflation for many years, driven by factors such as new medical technologies, an aging population, and increased demand for medical services. As medical expenses continue to rise, health insurance premiums must also…

Insurance is an essential part of modern life, protecting us from the unexpected and providing peace of mind. However, there is a dark side to insurance that many people are unaware of: scams and frauds. These scams can take many forms, from fake insurance policies to dishonest agents, and can result in financial loss and emotional distress. In this article, we will explore the dark side of insurance and provide tips on how to avoid these scams and frauds. Fake Insurance Policies One of the most common insurance scams is the fake insurance policy. Scammers may create fake policies that look legitimate, complete with official logos and paperwork. They may then sell these policies to unsuspecting individuals, pocketing the premiums and leaving the victims with no coverage. To avoid falling…