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August 29th, 2008
With health-care costs on the rise, you may be looking for ways to lower your medical expenses. Here are 10 ideas:
1. Practice prevention
2. Shop around for health insurance
3. Cut the cost of prescription drugs
4. Check your medical bills
5. Join your spouse's health plan
6. Keep track of your medical expenses
7. Negotiate a discount with your health-care provider
8. Contribute to a flexible spending account
9. Take advantage of free health screenings
10. Get to know your health insurance
Practice prevention
As basic as it sounds, one of the most effective ways to lower your medical expenses
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July 24th, 2008
(Washington, DC) – More than 6.1 million Americans are covered by Health Savings Account (HSA)-eligible insurance plans, a 35 percent increase since last year, a new census released today by America’s Health Insurance Plans (AHIP) found. HSAs were authorized starting in January 2004. Since then, AHIP has conducted a periodic census of its members participating in the HSA plan market.
Please Check out this Video on HSA Account information. http://www.hsacenter.com/flash/Main_HSA.php
“Employers and individuals across the country and across the age spectrum are choosing HSA plans, which are now an important part of the portfolio of coverage options offered by health
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June 25th, 2008
Why outsource for payroll?
Handling payroll can be a very difficult task to run in-house. Considering the vital importance of employee pay and federal, state, and local tax compliance, many businesses seek outside help. It is too easy to make a drastic mistake without sound knowledge of the regulations and experience.
Does it save money to do payroll in-house?
It depends on the nature of the particular business. A business with a very straightforward pay and tax process, a good software system, and an experienced, in-house human resource staff may benefit from doing their own payroll. Most businesses will have to factor in
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June 25th, 2008
Who needs Workers' Compensation coverage?
If you are in an industry, other than construction, and have four (4) or more employees, full-time or part-time, you are required to carry workers' compensation coverage (an exempted corporate officer does not count as an employee).
If you are in the construction industry, and have one (1) or more employees (including yourself), you are required to carry workers' compensation coverage (an exempted corporate officer or member of a limited liability company does not count as an employee).
If you are a state or local government, you are required to carry workers' compensation coverage.
If you are a farmer,
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June 25th, 2008
What is a Mutual Fund?
A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds). When you invest in a mutual fund, you are buying shares (or portions) of the mutual fund and become a shareholder of the fund.
Mutual funds are one of the best investments ever created because they are very cost efficient and very easy to invest in (you don't have to
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June 25th, 2008
How do I file a homeowners claim?
It is important to realize that if you don't follow the required steps, it could result in nonpayment by the insurance company. Here are the steps you should take; 1) Notify the police in the case of a robbery; 2) Notify the insurance company as soon as you realize there has been damage or loss of property; 3) Protect your property from further damage; 4) Prepare a detailed list of the things damaged or missing; 5) Be prepared to show the insurance company the damaged goods; 6) Complete a statement, for the insurance company,
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June 25th, 2008
How can I lower my life insurance premium?
Life insurance is based on several different factors. Among them are health, age, avocation, and occupation. In some cases you can do nothing about any of them. For example, you're a 50 military fighter pilot with high blood pressure. In other cases, lowering your weight and deciding not to jump out of air planes can lower your life insurance rates.
What should I think about when buying life insurance?
There are several factors to consider when purchasing a life insurance policy. They include; 1) How much do you need?; 2) What type of insurance do
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June 25th, 2008
What are preexisting conditions?
Preexisting conditions are conditions that are excluded from coverage under a health insurance policy. Examples are endless but include things like knee injuries, back injuries, heart ailments, etc.
Are all policies the same?
No they are not. Policies and rates vary widely. It's possible to pay a higher rate for a policy that offers less benefits if you don't do your homework.
Do I really need a lot of coverage if I am healthy?
Yes. The principle of insurance is to provide protection in case of a major life changing event. Most people can handle small bills. Very few people can
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June 25th, 2008
How General Liability Works
Under a general liability insurance policy, the insurer is obligated to pay the legal costs of a business in a covered liability claim or lawsuit. Covered liability claims include bodily injury, property damage, personal injury, and advertising injury (damage from slander or false advertising). The insurance company also covers compensatory and general damages. Punitive damages aren't covered under general liability insurance policies because they're considered to be punishment for intentional acts.
General liability insurance policies always state a maximum amount that the insurer will pay during the policy period. Usually these policies also list the maximum amount
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June 25th, 2008
Health Insurance Coverage
Overview
The number of uninsured children increased from 8 million (10.9 percent) in 2005 to 8.7 million (11.7 percent) in 2006.
Race and Hispanic Origin (Race data refer to those reporting a single race only)
The number of uninsured, as well as the rate without health insurance, remained statistically unchanged in 2006 for non-Hispanic whites (at 21.2 million or 10.8 percent). For blacks, the number and percentage increased, from 7 million in 2005 to 7.6 million and from 19 percent in 2005 to 20.5 percent. The number of uninsured Asians remained statistically unchanged, at 2 million in 2006, while
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