Reviewing your employer’s benefits be confusing, and probably isn’t at the top of anyone’s list of things they want to do. But if you’re not careful you could be making…
Tag: medical
If you’re feeling panicked about your money right now, breathe and start reviewing your current situation with these six steps. #1. Let’s start with looking at your monthly income and…
We all have that pile of “important” documents that we’re not sure if we should keep or toss. Or maybe you get most things electronically now and have been saving…
An HSA is similar to a Health Care Flexible Spending Account (HCFSA); you can pay for health care expenses from this account before taxes, but the HSA has several notable…
A co-payment (copay) is a fixed amount you pay for receiving certain health care services. The remaining balance of the bill is covered by insurance. It’s usually a small dollar…
Coinsurance is the percentage of your medical bill you pay after you’ve met your deductible. You may pay 0%, 10%, 20% or more depending on your plan and whether you…
A deductible is the amount you must pay towards medical expenses during a given time period, usually a year, before your health insurance benefits begin to cover the costs. At…
A premium is the amount of money charged by your employer or insurance company for the health insurance plan you select. It’s usually paid monthly, or each pay period if…
An HSA is special savings account that allows you to set aside money before taxes to use on qualified health care expenses. It can only be used when enrolled in…
A health care flexible spending account (HCFSA) is a type of FSA that allows you to be reimbursed for eligible medical, dental and vision expenses that aren’t paid for by insurance or otherwise…