Gig Economy 101 | Virginia Benefit Advisors
What is a Gig Economy? By Nicole Federico, eTekhnos Benefits Technology
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Category: Compliance
Do You Need Life Insurance When You Retire? | Virginia Benefit Advisors
Once you hit 65 and retire, you don’t need life insurance, right? Not so fast! The traditional thinking about life insurance is that you only need it when you have an income to protect, when you have a mortgage or when you have kids to support. And while it’s true that having life insurance after 65 … Continued
Life Insurance Primary Vs. Contingent Beneficiaries | Virginia Benefit Advisors
Life insurance is intended to give financial security to family members or business associates when you die. Your insurance company wants to make sure your policy’s proceeds are delivered to the person or persons designated to receive them. The recipient of your life insurance settlement is called a beneficiary. There are two main types of … Continued
Juvenile Life Insurance: The Whys and Hows | Virginia Benefit Advisors
As a parent, perhaps you’ve been able to check the critical financial boxes for your family. You’ve established emergency funds, secured life and disability insurance, and are on track with your retirement goals. You may wonder, is there anything else I could be doing to help my children? This can be the time for parents … Continued
Life Insurance Vs. Accidental Death Insurance | Virginia Benefit Advisors
There are several primary differences between life insurance and accidental death insurance. Accidental death insurance is actually accidental death and dismemberment, which will pay you money for loss of limbs, although not always for the full policy amount. While life insurance will typically cover all instances of death, accidental death and dismemberment insurance is extremely … Continued
The IRS Clarifies Tax Treatment of Fixed-Indemnity Health Plans | Virginia Benefit Advisors
While many Americans will remember January 20, 2017 as the day the 45th President of the United States was sworn into office, employee benefits experts will also remember it as the day the IRS Office of Chief Counsel (OCC) released this memorandum that clarifies, among other things, the tax treatment of benefits paid by fixed-indemnity … Continued
The Average Cost of Health Insurance for Families | Virginia Benefit Advisors
Family health insurance is a policy that helps cover the cost of medical treatment. It may be used to cover treatment for illnesses, therapy, preventive care, prescription medicines etc. The coverage received depends on the specific policy. There are many types of family health insurance and costs vary for each type. Overall Average Cost According … Continued
Here’s What You Need to Know About a Long-Term Care Insurance Policy | Virginia Benefit Advisors
So you’ve made the decision to learn more about long-term care insurance. That’s smart, as neither health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65, according to … Continued
Benefits of Secondary Health Insurance | Virginia Benefit Advisors
Overview Secondary health insurance is a type of policy that is used to cover medical expenses that have not been covered by your primary insurance plan. Typically, a person will have secondary medical insurance by being covered as a dependent under another family member’s plan. Secondary health insurance is usually optional and can provide several … Continued
President Trump Makes First Moves Towards ACA Repeal | Virginia Benefit Advisors
Last Friday, one of President Donald Trump’s first actions in office was to make good on a campaign promise to move quickly to repeal the Affordable Care Act (ACA). He issued Executive Order 13765, Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal. The one-page executive order (EO) is effective … Continued