Category: Insurance

Dental coverage on flexible spending account (FSA)

June 30, 2024 No Comments

A: Flexible spending accounts (FSAs) are accounts that allow employees to obtain reimbursement for various medical expenses. Because FSAs are classified as tax-exempt savings accounts, no employment or federal income taxes are deducted from contributions. The IRS states that an FSA has no reporting requirements for the

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Difference between a peril and a hazard

June 30, 2024 No Comments

A: The two related terms, “peril” and “hazard,” are often used in reference to the insurance industry. Essentially, a peril is something that causes, or can cause, a loss, while a hazard is something that makes the occurrence of a peril or loss more likely.

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Dental coverage on flexible spending account (FSA)

Difference between a peril and a hazard

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