Can a Flexible Spending Account (FSA) be used for Lasik?

June 30, 2024 No Comments

A: The owner of a Flexible Spending Account (FSA) can use money from the account on various eye surgery procedures, including laser-assisted in situ keratomileusis (LASIK). The U.S. Internal Revenue Service (IRS) allows FSA distributions to be used for qualified medical and dental expenses that

Can I get dental insurance with Medicare?

June 30, 2024 No Comments

A: Medicare does not offer dental insurance that will cover dental care and medical supplies, such as cleanings, sealants, extractions, fillings, plates and other dental procedures. Congress established a blanket exclusion for dental services as part of the Medicare program. However, the Medicare makes exceptions

Can I get dental insurance with Obamacare?

June 30, 2024 No Comments

A: The Patient Protection and Affordable Care Act, also known as Obamacare, allows you to obtain dental coverage through the federal insurance marketplace. You can obtain dental coverage at the Health Insurance Marketplace as part of a health plan or as a standalone dental insurance

Can I get renters insurance without a lease?

June 30, 2024 No Comments

A: Renters insurance does not require the policy owner to have a lease. For example, many college students acquire renters insurance policies to cover their personal property while they are living in dormitories. The renters insurance can also cover personal property while the goods are

Can my insurance company refuse me coverage?

June 30, 2024 No Comments

A: Insurance isn’t always as straightforward as other products, and insurers can deny coverage in many different instances. Non-Renewal of Insurance Coverage An insurance company is not obligated to renew an insurance policy for any of its policyholders. Should a policyholder have excessive claims or a change

Can roommates share renters insurance?

June 30, 2024 No Comments

A: Under some all-perils renters insurance policies, roommates can share insurance by both being listed as named insureds on the policy. Some states and carriers do not allow sharing of policies. Coverage Limits When looking for a renters insurance policy, both roommates should agree on

Can you fund nonqualified deferred compensation plans with life insurance?

June 30, 2024 No Comments

A: It is possible to fund nonqualified deferred compensation plans with life insurance. A nonqualified deferred compensation plan is a binding contract between an employer and an employee. The employer makes an unsecured promise to pay an employee’s future benefits, subject to the specific terms

Can your insurance company cancel your policy without notice?

June 30, 2024 No Comments

A: In most states, an insurance company must give a policyholder written notice of at least 30 days before canceling a policy. The policy between the insurance company and the insured is a formal contract that specifies the reasons the insurer can cancel the policy

Can your insurance company drop you after an accident?

June 30, 2024 No Comments

A: It is possible, but highly unlikely, for an insurer to cancel a policy after one accident. If the accident results in a suspended driver’s license or is alcohol- or drug-related, however, there is a higher likelihood of the policy being canceled. High-Risk Drivers Insurance

Can your insurance company drug test you?

June 30, 2024 No Comments

A: Insurance companies have the right to require drug tests for health insurance and life insurance policies, but not all of them ask for these tests. It is common to have blood work and urine samples tested for illegal and prescription drugs and alcohol. Any

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