High-deductible health plans (HDHPs) are cost-effective plans with lower monthly premiums compared to traditional plans, featuring higher deductibles and out-of-pocket maximums than their counterparts. Many HDHPs come paired with health savings accounts (HSA) or health reimbursement arrangements (HRA), so you can pay for qualified medical expenses tax-free. Lower Premiums HDHP plans typically charge lower monthly […]

Wealthy individuals use life insurance to achieve various financial goals, such as passing down wealth. Furthermore, this form of policy can also protect their estate against tax increases. An effective first step to creating a plan tailored specifically to your unique financial circumstances and long-term goals is consulting a financial advisor experienced with high net-worth […]

Homeowners insurance costs can differ widely based on factors like state, location and coverage; however there are some things that typically increase premiums. Fire risk, property crime rates and past claims filing history are common factors that increase homeowners insurance premiums. Furthermore, an older house’s structure also plays a part in how much homeowners insurance […]

Many mortgage lenders require home buyers to secure homeowners insurance (hazard insurance). It covers things such as structures, loss of use and personal property. Homeowners with mortgages typically add the premium into their monthly payment via an escrow account; however, the benefits of this policy extend far beyond meeting lender requirements. Homeowners’ Insurance Policy Hazard […]

School districts and their employees pay significant sums in health benefit costs, which vary from district to district. Premiums enrolled in the State Health Benefit Program are expected to increase significantly by 2023. On Wednesday, Gov. Phil Murphy signed into law a bill designed to reduce teachers’ premiums and undo unpopular health care changes that […]

Becoming a Medicaid transportation provider is an exciting venture, yet requires careful planning. There are multiple legal documents that must be filed, and compliance with regulations is crucial. Establish your target clients and analyze their needs, before marketing your business to healthcare institutions – this will generate recurring revenue that will allow your business to […]

Before the Affordable Care Act was implemented, private health plans sold on the health insurance marketplace did not typically cover mental health services; now however, most of them do. The Affordable Care Act’s (ACA) parity rules mandate that if your health plan offers therapy services, they must do so at an equivalent level as other […]

At traffic stops and routine patrols, police officers will “run” your license plate number to quickly check its insurance status. Thanks to modern technologies like Automatic License Plate Reader (APLR) and in-car computers linked directly to state databases, police can often confirm whether your insurance is valid almost instantly. Maintaining proof of insurance is key […]

Insurance agent appointments are key for both new and experienced agents in order to sell policies, but the process can sometimes be challenging for newcomers due to carrier requirements such as book rolls, experience and success measures, geographic locations and additional qualifications. There are, however, a few items which can aid the process. These include: […]

Parents often form close relationships with their nanny, au pair, housekeeper or other residence employees who may even qualify as full-time employees and thus require workers’ compensation coverage. However, they may not be covered under a homeowner’s policy because personal liability typically only extends to family members. Homeowners Policy Many families form strong bonds with […]