What can I use HSA funds for?
Posted: March 13, 2024
What can I use HSA funds for?Health Savings Accounts (HSAs) have become a popular tool for managing healthcare costs while enjoying tax advantages. Understanding the scope of qualified medical expenses that can be paid for with HSA funds is crucial for maximizing the benefits of this financial tool. Let’s delve into the specifics of what you can use HSA funds for. Qualified Medical Expenses HSAs are designed to cover a wide...
Explainer: What is Long-Term Care Insurance?
Posted: October 13, 2023
Explainer: What is Long-Term Care Insurance?It’s not something you want to think about, but most of us will need long-term care at some point in our lives. In fact, according to the U.S. Department of Health and Human Services (HHS), once a person reaches age 65, they have almost a 70% chance of needing some type of long-term care services in their remaining years.1The need for care may develop suddenly...
Assisted Living Week: Protecting Grandparents with Long-Term Care Insurance
Posted: September 10, 2023
Assisted Living Week: Protecting Grandparents with Long-Term Care InsuranceToday we are celebrating National Grandparents' Day, which always falls on the first Sunday after Labor Day. September 10 also marks the start of Assisted Living Week this year. Similar to Mother’s Day and Father’s Day, Grandparents' Day is an entire day dedicated to grandparents. It is an opportunity to treasure the special connection between grandparents and children, which has been proven to be beneficial...
Is It Time for Long-Term Care?
Posted: December 21, 2022
Is It Time for Long-Term Care?Most people prefer to remain in their own homes as long as possible and may dread the idea of a nursing home – even though many long-term care facilities are excellent. If you notice changes in lifestyle, abilities, or personal care, it may be time to consider getting help. What is Long-Term Care? Long-term care is a set of services designed for people who could...
Standard vs. Hybrid Life Insurance: Which Is Better?
Posted: October 22, 2021
Standard vs. Hybrid Life Insurance: Which Is Better?Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...