What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?
Posted: May 13, 2024
What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?Given the complexities associated with the health insurance industry in the United States, more people are turning to tax-advantaged alternatives like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employers offer FSAs as part of a group benefits package. Unfortunately, funds in an FSA are subject to a “use-it-or-lose-it” rule, where unused funds are forfeited at the end of the plan’s term. Therefore, strategic...
The Thoughtful Choice of Life Insurance for Mother’s Day
Posted: May 7, 2024
The Thoughtful Choice of Life Insurance for Mother’s DayOn Mother’s Day, we are all looking for the right gift to express how grateful we are and how much we owe to our mothers. While nice and sweet, the traditional flowers and chocolate are very general expressions of our gratitude for our mothers. Sometimes, a pragmatic and practical gift can surprise and delight. The gift of life insurance speaks to the protective instincts of...
Leveraging Life Insurance to Make a Difference
Posted: April 22, 2024
Leveraging Life Insurance to Make a DifferenceEarth Day serves as a poignant reminder of the importance of preserving our planet for future generations. As individuals committed to protecting the environment, many of us seek opportunities to leave a lasting legacy by supporting charities and causes that champion environmental conservation. One powerful way to make a meaningful impact is by leveraging life insurance to support these vital initiatives. Understanding Life Insurance as...
10 Group Benefits with Tax Credits
Posted: April 13, 2024
10 Group Benefits with Tax CreditsWith Tax Day just around the corner, many businesses are looking for ways to maximize employee tax savings and benefits. While it may be too late to enjoy these tax savings for 2023, there are still valuable opportunities to explore for future tax years. Here are 10 group benefits options that receive tax credits that your business should consider: 1. Health Insurance Offering health insurance...
Pet Trusts: What It Is & Why You Need One
Posted: April 7, 2024
Pet Trusts: What It Is & Why You Need OneA pet trust is a legal arrangement that allows pet owners to set aside funds for the care and maintenance of their pets in the event of their incapacity or death. Here's a breakdown of what a pet trust entails and why it's essential for pet owners: Ensuring Care for Your Beloved Companion One of the primary purposes of a pet trust is to ensure...