Insurance News, Views, Tips & Tricks

Image of an Insurance Folder

Woody Allen once said “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?”

Insurance is an odd product. It’s one of the few things in life that you buy with the hope that you’ll never have to use it.

This page is home to articles on all aspects of insurance. Topics of interest include the nuts and bolts of life, health, home, and auto insurance policies, umbrella (liability) coverage, and more.

Insuring a Vacant Home

by Michael on May 8, 2014

I’ve noted in the past that my parents are getting older and have experienced some health problems. Unfortunately, this has resulted in them having to move out of their house (my childhood home) and into assisted living. And guess what? Insurance companies don’t like empty houses. Sure, we’ve kept the […]

Read the full article >>>

An Unexpected Car Insurance Discount

by Michael on Mar 13, 2014 · 2 comments

When we stopped by our insurance agent’s office to add our oldest son to our car insurance policy last month, we got a pleasant surprise. We were aware that he’d qualify for discounts for his good grades, for having taken a defensive driving course, and for having completed State Farm’s […]

Read the full article >>>

Car Insurance on a New Car Purchase

by Michael on Feb 12, 2014

We’re in the process of buying a new car. And when you buy a new car, you need to have insurance coverage before you drive away. If this is your first car, you’ll need to set something up with an insurance company before completing the transaction. But what if you […]

Read the full article >>>

How to Qualify for an HSA

by Michael on Nov 21, 2013 · 5 comments

In response to my recent post about high deductible health insurance plans, a reader named Mike asked the following: “I was wondering if you know what exactly qualifies as an HSA-compatible HDHP?” This is an excellent question. In Mike’s case, it was motivated by confusion on the Obamacare marketplace. In […]

Read the full article >>>

2013/2014 FSA Contribution Limits

by Michael on Nov 18, 2013

In writing about limited-purpose FSAs, I realized that I’ve never documented the annual contribution limits associated with regular (healthcare) flexible spending accounts. So here’s that info, with dependent-care limits included as a bonus. Prior to 2013, there was no federally mandated limit on FSA contributions. Rather, the limits determined by […]

Read the full article >>>

We’re in the midst of open enrollment, which means that it’s time to reconsider our health insurance options for next year. I’ve mentioned in that past that we have a high-deductible health plan (HDHP), though I’ve never really discussed why we went with this option in the first place. We’re […]

Read the full article >>>

Making Use of a Limited-Purpose FSA

by Michael on Nov 14, 2013 · 1 comment

I’m currently going through the open enrollment process at work and wanted to shed some light on a topic that may be confusing to someā€¦ As you may or may not be aware, HSAs (i.e., health savings accounts) and FSAs (i.e., flexible spending accounts) are incompatible. More specifically, if you’re […]

Read the full article >>>

A reader named Chris just let me know that the U.S. Treasury has modified the “use-it-or-lose-it” rule relating to FSAs. In the past, when you had unspent funds left in your Flexible Spending Account at the end of the year, you lost them to your employer. Yes, your employer already […]

Read the full article >>>