Health insurance plays a vital role in ensuring individuals and families have access to necessary medical care without incurring exorbitant costs. While many people obtain health insurance coverage through their employers or government programs, certain life events may trigger the need for insurance outside the typical enrollment periods. These events, known as qualifying events, allowContinue reading “Qualifying Events for Health Insurance”
Tag Archives: health insurance
HRA? HSA? FSA? What’s the Difference?
So what’s the difference between all these acronyms for health benefit accounts? Here’s the quick version. A HSA (Health Savings Account) is a tax-advantaged savings account that can be used to pay for qualifying medical expenses. Contributions to an HSA are tax-deductible and withdrawals for qualifying expenses are tax-free. HSAs are typically paired with aContinue reading “HRA? HSA? FSA? What’s the Difference?”
Health Savings Acount
The time has come to talk about Health Savings Accounts (HSA). A HSA is one of the most unique and also beneficial piece of the health insurance process, but not a lot of people truly understand it and how it works. Let’s break it down one piece at a time. What is it? Your HSAContinue reading “Health Savings Acount”
Do my grandkids qualify as dependents?
I get this question a lot – “can I put my grandkids on my insurance?” Most of the time the answer is no, but there are certain circumstances in which grandkids can be placed on your policy as a dependent. Let’s explore. The ACA (link here) talks many times about ‘dependents’ as being defined inContinue reading “Do my grandkids qualify as dependents?”
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