Personal Insurance

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Health Savings Account Vs. PPO

A health savings account, or HSA, is very different from a personal provider organization, or PPO. Both types of medical benefit products are common parts of benefit packages. PPO is a common type of employer health plan, whereas an HSA is money you set aside for personal health ...

What Is a Retroactive Date in Insurance?

Depending on the nature of your work, it may be beneficial for you to carry professional liability insurance. Largely due to changes that occurred in the insurance industry during the 1980s, most professional liability insurance contracts are now claims-made policies. If your ...

Do You Have to Be Married to Share Health Insurance?

While health insurance can be expensive, the cost of being uninsured is often much higher. The American College of Physicians estimates that the uninsured pay an extra $1,600 to $3,300 every year. Most employer health plans offer family plans that cover spouses and children, but ...

Are Insurance Claims Taxable?

If you have an insurance settlement coming, you may have tax issues as well. Although as a general rule the IRS does not consider payments on claims as income, under some circumstances you may have to declare them. It depends on the amount you receive from the insurance company ...

Does Gap Coverage Pay If Insurance Denies the Claim?

The more expensive a vehicle and the less equity you have in it the more you can benefit from guaranteed asset protection insurance. Although the focus of GAP insurance is on your vehicle and not you, its overall objective – paying off your loan -- makes it similar in some ...

Are Health Insurance Benefits Considered Income by the IRS?

Health insurance is not taxable income, even if your employer pays for it. Under the Affordable Care Act, the amount your employer spends on your premiums appears on your W-2s, but it still isn't income. When you receive benefits from your insurance policy, however, they may be ...

Does Major Dental Work Count as a Deduction for Income Tax?

Major dental work such as braces and dental surgery can cost thousands of dollars. Even routine visits to the dentist can get pricey. The Internal Revenue Service considers dental care costs a medical expense. However, that does not automatically mean major dental work will ...

What Is a Reciprocal Insurance Company?

Managing risk is an important component of life, and insurance is a common way to mitigate many types of risk and loss. Traditional insurance companies are typically organized around two common profit-based business structures. However, there is a third type, called a reciprocal ...

How Do I Drive a New Car Home From the Dealership With No Insurance?

You can see a real-time update of the number of vehicles rolling off assembly lines at the Worldometers website. The numbers tick by in rapid succession, but if you were to try to drive any of these off U.S. lots without insurance coverage, you would be looking for trouble. In ...

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