Your IRA Can Help You Pay for Your Health Insurance Premiums - Keeping up on health insurance premiums while unemployed can be difficult. Especially since a lot of people choose COBRA and the premiums for COBRA are usually much more expensive than what one was previously paying through their employer.
Under most circumstances if one wants to withdraw money from their IRA there is a hefty penalty but if the money is withdrawn from the IRA and used to pay for health insurance premiums there is no penalty. Remember though that you must be unemployed for at least 12 weeks to avoid the withdraw penalty. Your IRA Can Help You Pay for Your Health Insurance Premiums originally appeared on About.com Personal Insurance on Tuesday, March 9th, 2010 at 20:46:50. Permalink | Comment | Email this
Cutting Your Insurance by Signing a "Tobacco-free Affidavit" - We will see it more and more as we all realize we have a nation full of sick people who don't want to change their lifestyles but still want equal health care coverage. Have you ever taken the time to think about why smokers usually pay the same amount for their health insurance as you do?
It is a change that some insurance companies started years ago and it is catching on quickly. Yes, in individual health insurance one pays for their lifestyle choices but in group or employer health insurance everyone usually pays the same. But now, that is also changing.
According to www.newsandsentinel.com city employees can pay less for their health insurance if they don't smoke but will have to sign a "tobacco-free affidavit" and "the city will perform a review to make sure tobacco users are truthful in their claims."
How the "review" is handled will surely be a contested point among workers and staff alike. And I am sure both sides will argue about why one way or the other is not fair. Regardless, this is the future. Think about other insurance policies such as your homeowner and car insurance. Do we all pay the same amount for car insurance but get to drive any way we want?
Cutting Your Insurance by Signing a "Tobacco-free Affidavit" originally appeared on About.com Personal Insurance on Thursday, March 4th, 2010 at 19:34:35. Permalink | Comment | Email this
Weekend Insurance Tip: Know Where to Purchase Gap Insurance - Purchasing gap insurance is important for many. If you are buying a new car or leasing, in most cases it is a must. But, when it comes time to purchase that gap insurance policy, have you thought about what company you want your gap insurance through? Weekend Insurance Tip: Know Where to Purchase Gap Insurance originally appeared on About.com Personal Insurance on Saturday, February 20th, 2010 at 12:00:03. Permalink | Comment | Email this
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