Does money in a Flexible Spending Account (FSA) roll over?

June 30, 2024 No Comments

A: As of 2015, according to IRS regulations, the maximum amount of funds in a Flexible Spending Account (FSA) that can be carried over from one calendar year to the next is $500. Any amount of money in excess of the $500 carryover allowance left

Does renters insurance cover dog bites?

June 30, 2024 No Comments

A: A renters insurance policy typically provides liability coverage, up to policy limits, for dog bites unless the coverage is specifically excluded from the policy. Coverage May Vary Coverage for dog bites varies from state to state and from one insurance company to another. Speak

Does renters insurance cover jewelry?

June 30, 2024 No Comments

A: Renters insurance provides personal property coverage that covers your personal property – including jewelry – in case of theft, loss or destruction caused by a covered peril, such as a fire or a storm. According to the National Association of Insurance Commissioners (NAIC), the

Does your car insurance company report accidents to the DMV?

June 30, 2024 No Comments

A: Your car insurance company does not generally report accidents to the Department of Motor Vehicles (DMV). However, depending on your state of residence, either you or the police are probably required to file a report with the DMV, regardless of whether your insurance company

Does a Flexible Spending Account (FSA) cover acupuncture?

June 30, 2024 No Comments

A: A Flexible Spending Account (FSA) covers acupuncture. The Internal Revenue Service (IRS) has defined acupuncture as a qualifying medical expense. Qualifying Medical Expenses For anything to be covered under your FSA, it must be a qualified medical expense. Most qualifying medical expenses require a

How can an investor evaluate the leverage of an insurance company?

June 30, 2024 No Comments

A: For investors conducting fundamental analyses of insurance companies, leverage can have multiple definitions. Insurance leverage is a term that refers to the ratio of deferred insurance liabilities to shareholder equity. A more universal definition of financial leverage is captured by the debt-to-equity ratio. Both

Does a Flexible Spending Account (FSA) cover glasses?

June 30, 2024 No Comments

A: The funds in a Flexible Spending Account (FSA) can be used to cover most common medical expenses; this includes the cost of eye exams and eyeglasses or contact lenses. What Is a Flexible Spending Account? An FSA is a type of tax-advantaged savings account

How can I apply sensitivity analysis to my investment decisions?

June 30, 2024 No Comments

A: Use sensitivity analysis to estimate the effects of different variables on investment returns. This form of analysis is designed for project management and profitability forecasts, but you could use it for any type of uncertain projection. The practical benefit of using sensitivity analysis for

Does a Flexible Spending Account (FSA) cover Lasik?

June 30, 2024 No Comments

A: Flexible spending accounts (FSA) can be used to pay for qualifying LASIK procedures. LASIK is not the only laser eye surgery covered under an FSA but it is the most popular laser procedure in the United States. Qualifying Medical Expense According to the Internal

How do I become an underwriter?

June 30, 2024 No Comments

A: To become an insurance underwriter, you typically need a bachelor’s degree. However, some employers may hire you as an underwriter without a degree if you have relevant work experience and computer proficiency. To become a senior underwriter or underwriter manager, you need to obtain

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