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People in the U.S. and around the globe are intently following news reports and other data about the COVID-19 pandemic. Most of us are eager to know when there might be an end in sight, but unfortunately, Americans continue to die at an alarming rate. The death rate decreased earlier in the summer but has increased again [...]
Key takeaways: Since March, 25 million people and counting have lost their insurance due to the COVID-19 pandemic. Those who have lost insurance now have three options: enroll in Medicaid, individually-purchased insurance, or COBRA. Here is the breakdown of the enrollment qualifications and coverage information for each option, and also discusses some financial relief programs [...]
Whether or not you’ve gotten used to to connecting with family, friends and colleagues over Zoom and FaceTime—virtual life is becoming a new reality for all of us. But what about going to the doctor? With the COVID-19 pandemic, you may have concerns about going in for a physical doctor’s visit when a health issue [...]
For those who think that hitting the age of 65 means getting a monthly Social Security check to pay for living expenses and free healthcare through Medicare — think again. New surveys indicate that median retirement savings accounts are frighteningly low, and the cost of healthcare and prescription drugs during your retirement years could eat [...]
Learn about the most common diabetes tests and how medication can help get your blood glucose levels in line. Glucose is a critical source of energy that powers our bodies—it feeds the brain, muscles, and tissues. When we eat, carbohydrates are broken down into glucose. This causes the pancreas to release insulin, a hormone that [...]
The increases, based on inflation, are once again modest. The IRS has released its contribution limits for health savings accounts in 2021, and with years past, the limits continue to tick upward. The IRS adjusts contribution limits for HSAs yearly based on inflation. For 2021, those limits will be: $3,600 for individual coverage (an increase of $50 [...]
If you are one of the 30 million people who recently filed an unemployment claim, you may be wondering what you’re going to do about your health insurance. While some measures passed in the recent emergency stimulus packages will provide a bit of financial relief, a huge number of Americans will be without income — and stable [...]
Health saving accounts (HSAs) are tax-advantaged, interest-bearing savings accounts that give employees the ability to fund their own account and offer the flexibility to set aside dollars for their own health care. Health saving accounts (HSAs) are tax-advantaged, interest-bearing savings accounts that give employees the ability to fund their own account and offer the flexibility [...]
As a result of the COVID-19 health crisis, lawmakers and federal regulators have made three recent changes to Health Savings Accounts, and one of those changes appears to be permanent. 2019 Contribution Deadline As Forbes explains in a March 24 article, the IRS “has clarified that the deadline for making Individual Retirement Account and Health Savings Account contributions [...]