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

Can your insurance company drug test you?

July 7, 2024 No Comments

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

Dental coverage on flexible spending account (FSA)

July 7, 2024 No Comments

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.

Difference between a peril and a hazard

July 7, 2024 No Comments

Do flexible spending accounts (FSA) funds roll over?

June 30, 2024 No Comments

A: An individual can utilize an employer’s cafeteria plan of employee benefits to establish a flexible spending account (FSA). An employee can roll over savings in the account from one year to the next. However, as of 2015, the maximum amount that can be rolled

Do flexible spending accounts (FSA) funds roll over?

July 7, 2024 No Comments

Do Flexible Spending Accounts (FSAs) expire?

June 30, 2024 No Comments

A: Flexible Spending Accounts (FSAs) do expire and are considered to be a “use it or lose it” type of plan. They are savings accounts provided by employers to allow employees to defer portions of their salaries to be reimbursed for eligible expenses, such as

Do Flexible Spending Accounts (FSAs) expire?

July 7, 2024 No Comments

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