0
What else can I help you with?
If you apply for life insurance but your employer refuses to deduct the premiums what are your options?
Pay them yourself by either being billed at home or having the monthly premiums automatically deducted from your checking or savings account.
Can you use an FSA or HSA to pay for your insurance premiums?
No, you cannot use a Flexible Spending Account (FSA) or Health Savings Account (HSA) to pay for insurance premiums. These accounts are typically used to cover eligible medical expenses, not insurance premiums.
Can you use HSA money to pay for insurance premiums?
No, you generally cannot use Health Savings Account (HSA) money to pay for insurance premiums. HSAs are meant for qualified medical expenses, not for insurance premiums.
Can I use my HSA to pay for insurance premiums?
Yes, you can use your Health Savings Account (HSA) to pay for health insurance premiums, but only in certain circumstances, such as if you are receiving unemployment benefits or are over the age of 65.
Can I use my health savings account to pay for long term care insurance premiums?
Health savings account are tax free, and the money that was supposed to pay the taxes can be used for long term care expenses
Where could one compare motorcycle insurance premiums?
One may compare motorcycle insurance premiums at a number of the top insurance companies websites. One such company is Progressive, which offers the ability to compare your savings with the savings of other top companies.
How old do you have to be to apply for medical Insurance?
Old enough to have a good income to pay for the insurance premiums. Most children are covered in their parents policies up to age 26 IF they are attending school/university full time. Most employers will have a medical plan that you can join and participate in, and have the monthly premiums deducted from your pay. When you get to retirement age (Medicare) you will rely upon your retirement savings accounts and pensions to pay those premiums.
What is a savings account with an insurance company?
An Annuity
What deductions can be deducted from payroll?
Al Federal and State taxes, retirement contributions (401K, IRA), monies owed to employers for things like uniforms or expenses the employer has paid on your behalf that is refundable to them, employee meals at cafeterias, union dues, garnishments of any kind (back taxes, child support, alimony, unpaid bills that have been rendered a judgment by a court, any type of monetary judgment against you). Health insurance premiums, life insurance premiums, Flex spending, Medical savings accounts. You name it. Just about anything can be deducted voluntarily and many things can be deducted involuntarily as well.
Health Savings Account (HSA) vs. Traditional Health Plan?
Health Savings Account (HSA) vs. Traditional Health Plan This tool is designed to help you compare a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to a traditional health plan. By using an HDHP/HSA solution, you can often realize significant savings on your insurance premiums and receive a deduction on your income taxes. Use this calculator to determine the possible savings.
What is guaranteed cash value life insurance?
Certain insurance policies are designed to be a kind of combination of life insurance and savings account. For every insurance premium you pay, some of the money pays for life insurance and some of it is kept as an investment. The more premiums you pay, the more money will be accumulated. The owner of the policy can obtain this money at any time, just as if it were an actual savings account at a bank. The only advantage of saving your money by means of this kind of insurance policy, as compared to saving your money by putting it in the bank, is that you have to keep paying the insurance premiums if you want to continue to be insured, therefore it becomes a kind of mandatory savings. It is a form of fiscal discipline that you can choose to impose on yourself. Of course, if your fiscal discipline is poor, you can still withdraw the money.
What are the benefits of a whole life insurance savings account?
A whole life insurance savings account offers benefits such as guaranteed cash value growth, tax-deferred savings, and the ability to borrow against the policy.
