Search Results for: insurance

Employer-provided insurance policies typically consist of health care plans, life and disability coverage to help employees manage their finances and plan for potential unforeseen events. Employees typically pay premiums, deductibles and copayments to keep their policies active. These premiums may be deducted directly from an employee’s paycheck. Health Insurance Health insurance is an invaluable employee […]

Health insurance premiums can only be deducted as itemized deductions (rather than taking the standard deduction), and your total medical expenses, including premiums, exceed 7.5% of your adjusted gross income. Other qualifications also may apply. Many taxpayers rely on tax professionals as their go-to resource for advice regarding their unique circumstances and tax deductibility eligibility. […]

Mold can be an enormous headache for homeowners, particularly in damp areas where humidity may cause water damage. Homeowners insurance typically covers mold damage that is attributable to an insured loss, such as a burst washing machine pipe or flood caused by storm surge, but it’s essential that homeowners fully comprehend this coverage and its […]

Scenario loss analysis is an invaluable way of evaluating the adequacy of your insurance program, but should not be used alone as the sole basis for coverage decisions. Woodruff Sawyer experts use qualitative factors, business goals, comparative benchmarking data and risk tolerance assessments combined with an in-depth knowledge of the insurance marketplace to assist companies […]

When your possessions are insured under a standard National Fire Insurance Program policy, they will be reimbursed according to an actual cash value (ACV) system. This refers to the cost to replace them less physical depreciation and any recoverable depreciation clause specified in your policy. Managed your claim involves understanding its process and challenging excessive […]

There are various types of dental insurance plans. Preferred provider organization (PPO) plans are popular because they offer more flexibility with choosing providers and tend to be more costly than their alternatives. A Dental Health Maintenance Organization (DHMO) plan may be less costly monthly, but only covers providers within its network. These plans also feature […]

You should typically only include immediate family members on your health insurance plan, whether by blood, marriage or adoption. Adding non-family members can cause premium costs to rise significantly while raising deductible costs substantially. Liability may increase when an insurance card is misused by another. Here we explore when it is acceptable for someone else […]

Texas real estate closings typically include purchasing an owner’s title insurance policy to protect the buyer’s investment in their new property, while lender policies protect lenders’ interest as well. Title companies research property ownership issues using document filings at the county clerk’s office; however, they cannot recognize problems caused by physical placement of improvements such […]

According to the Affordable Care Act (ACA), private health insurance plans must cover birth control without incurring out-of-pocket expenses. This includes all FDA-approved methods that your healthcare provider deems medically necessary for you. Men’s contraceptives (like condoms and vasectomies ) and vasectomies are covered by Medicaid; however, short term health insurance plans don’t have to […]

Homeowners insurance often covers water damage to certain extents. In the event that water damage occurs to your home, it’s essential that repairs be made immediately and an insurance claim be submitted promptly. According to the Insurance Information Institute (III), most standard homeowner policies cover sudden, accidental water damage. However, neglect or gradual deterioration due […]