Does Health Insurance Cover Mental Health Treatment?
Posted: August 10, 2020
As reported on HealthCare.gov, mental health and substance abuse services are covered as essential benefits under all Marketplace plans. These plans are required to provide “parity” protections between medical and surgical benefits and mental health and substance abuse benefits. What this means, generally, is that the limits cannot be more restrictive for one than the other. This parity applies to: Financial limits, such as copayments,...
Is Taking The Accelerated Death Benefit Worth It?
Posted: August 7, 2020
Accelerated death benefits are a relatively new option with life insurance policies. To qualify for these benefits, you must be terminally ill or chronically ill in some cases. For policyholders with severe health conditions, it may be worth it to take advantage of this option. How Do Accelerated Death Benefits Work? When you take accelerated death benefits, you get a portion of the benefits from...
Common Benefits Of Commercial Property Insurance
Posted: August 4, 2020
Owning commercial property carries significant risks, which is one reason many businesses elect to lease rather than own. Fire, theft, and natural disasters such as tornadoes and hurricanes can have a heavy financial impact. Commercial property insurance is designed to help mitigate the risk of owning commercial property. What Types Of Protection Does Commercial Property Insurance Provide? When a commercial property is leased or rented,...
Will My Auto Insurance Cover Me If I Drive Across The U.S. Border?
Posted: August 1, 2020
Your personal auto insurance policy provides protection against liability, bodily injury, and property damage in case you are involved in an accident in the U.S. But what happens if your travels take you into Canada, Mexico, or beyond? Are you still covered once you cross the U.S. border? The answer depends on which country you are driving to. Yes, if your trip is to Canada....
What Happens To My 401(k) After My Death?
Posted: July 28, 2020
For many Americans, a 401(k) is the foundation of their retirement planning. The goal is to set aside sufficient tax-deferred dollars (ideally, with matching employer contributions) to see you through from the date of retirement to the date of your death. But what happens if you die before you have a chance to spend your 401(k) funds? You certainly can’t take it with you when...
