How do I choose which insurance company to use?

June 30, 2024 No Comments

A: Picking an insurance company to use is not an easy task, nor is it an exciting one, but you will be glad you took the time to find the right one for you if you ever need to file a claim. When choosing your

How do I choose which insurance company to use?

July 7, 2024 No Comments

How does a decline in housing prices affect the banking sector?

June 30, 2024 No Comments

A: When housing prices fall, consumers are more likely to default on their home loans, causing banks to lose money. Also, home equity dries up, meaning that consumers have fewer funds available for spending, saving, investing or paying down their debts. Sometimes, banks are even

How does a decline in housing prices affect the banking sector?

July 7, 2024 No Comments

How does the 80% rule for home insurance work, and how do capital improvements affect it?

June 30, 2024 No Comments

A: The 80% rule refers to the fact that most insurance companies will not fully cover the cost of damage to a house due to the occurrence of an insured event (e.g. fire or flood) unless the homeowner has purchased insurance coverage equal to at least

How does the 80% rule for home insurance work, and how do capital improvements affect it?

July 7, 2024 No Comments

How does the Affordable Care Act affect moral hazard in the health insurance industry?

June 30, 2024 No Comments

A: To see how the Patient Protection and Affordable Care Act, or “Obamacare,” affects moral hazard in the health insurance industry, it is first important to understand moral hazard and the nature of the health insurance market. The Act inflates existing moral hazard in the

How does the Affordable Care Act affect moral hazard in the health insurance industry?

July 7, 2024 No Comments

How does the grace period work on my Flexible Spending Account (FSA)?

June 30, 2024 No Comments

A: Some employers offer the grace period option for their employee’s flexible spending account, or FSA. The grace period is applicable to a health FSA and a dependent care FSA. It begins the day following the end of the plan year and lasts for two and a

How does the grace period work on my Flexible Spending Account (FSA)?

July 7, 2024 No Comments

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