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What Is a Health Savings Account?

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Health savings accounts, or HSAs, are tax-advantaged savings opportunities for people with a high deductible health plan. They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. However, you can still use the money on qualified medical expenses.

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How Financial Wellness Programs Can Benefit Employees and Employers

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Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. As with benefits focused on mental health, interest in financial wellness has increased since the onset of the pandemic, he adds.

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3 Steps to Take Before Going Into Business for Yourself

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Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. According to the Bureau of Labor Statistics , the average employer paid “78% of medical care premiums for single coverage plans” in 2021, which is a nice perk. All investing involves risk.

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Do I Need an Estate Plan?

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In addition, it’s vital to make a plan for a child or family member with health issues or developmental disabilities so that they are provided for, no matter how old they are or what happens to you. The executor you name will handle your bequests and filing pertinent information with the court. An estate plan will help reduce taxes.

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4 Smart Money Moves to Plan for Financial Security

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A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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Do I Need to Buy Life Insurance?

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In addition to the length and amount of the policy affecting the cost, finalizing a life insurance quote may require a medical exam before the policy can be underwritten and implemented. The premium is generally calculated based on the age, gender and health of the person purchasing the policy, among other factors.

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SUCCESS’ 2024 Women of Influence

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When she was a junior in high school, Arrington founded the nonprofit ScholarCHIPS, an organization that provides college scholarships, mentoring, mental health support and a peer support network to children of incarcerated parents. Dr. Rajinder Atwal Medical Director, CEO, Founder, Family Physician, M.D.,

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