Category Archives: Finance Guide

The Rose Room

Rose rooms are a private decor of the aristocratic class. The chambers’ pillars are sacred. The rose room is almost an area of socialist protesters. There is a small alter in the room, a long table with a large oval shape, and no computers or file cabinets to store memories. There are several alter egos at the table, ready […]

Do My Parents Have To Claim Me As A Dependent For Health Insurance?

Under the Affordable Care Act, insurers are mandated to offer dependent child coverage until young adults reach 26. This provision includes plans in both individual and employer markets. However, there are certain criteria you must fulfill in order to remain on your parents’ plan. This includes factors like living with them and being claimed as […]

Can HSA Pay For Medical Insurance Premiums?

Health savings accounts offer triple tax benefits: contributions are tax-deductible, earnings on investment earnings are tax-free and withdrawals used for qualified medical expenses are free from federal income tax; insurance premiums do not qualify. IRS offers an exception for individuals receiving federal or state unemployment benefits or COBRA coverage and who use HSA funds to […]

How Does Life Insurance Work?

Life insurance provides loved ones with financial security against the risk of debt repayment after your death, including living expenses, mortgage and utility bills. In exchange for premium payments made, an insurance company pays out a death benefit directly to named beneficiaries. Life insurance policies come in various shapes and forms; choosing the appropriate policy […]

What Happens If You Pay Your Car Insurance Late Progressive?

Most insurance companies allow between seven and 30 days of grace period after one missed payment for your car insurance policy to remain active; otherwise it could result in policy cancellation and other serious repercussions such as reduced coverage and higher rates on subsequent auto policies. Car insurance lapses can have serious financial repercussions, from […]

Filing Insurance Claims – Five Things to Remember

1. Always be preparedUnderstanding and knowing the terms of your insurance policy will make it easier to file insurance claims. It doesn’t matter if your policy covers your life, home, auto, or health. Keep a detailed record of all your policies. You should keep a file for every policy that you have. You can place any documents (EOBs, policy updates, […]