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Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

10 Group Benefits with Tax Credits

With Tax Day just around the corner, many businesses are looking for ways to maximize employee tax savings and benefits. While it may be too late to enjoy these tax savings for 2023, there are still valuable opportunities to explore for future tax years. Here are 10 group benefits options that receive tax credits that your business should consider: 1. Health Insurance Offering health insurance...

When to Consider Buy/Sell Protection

Business partnerships are often built on trust and shared goals, but unforeseen events can disrupt the harmony. A buy/sell agreement is a strategic tool designed to address these uncertainties, providing a roadmap for buying or selling a business interest under specified circumstances. In this guide, we’ll define the concept and identify key triggers that activate buy/sell agreements. Understanding Buy/Sell Agreements A buy/sell agreement, also known...

Expanding Medicare Coverage for Heart Health: Understanding Wegovy

A recent update from the Centers for Medicare and Medicaid Services (CMS) brings promising news for older adults managing heart health. Medicare now covers Wegovy, an obesity drug, for reducing the risk of serious heart problems. This follows the FDA's approval of Wegovy for this purpose. Medicare's coverage of Wegovy is specifically for reducing cardiovascular risks, not weight loss alone. This decision allows further access...

What can I use HSA funds for?

Health Savings Accounts (HSAs) have become a popular tool for managing healthcare costs while enjoying tax advantages. Understanding the scope of qualified medical expenses that can be paid for with HSA funds is crucial for maximizing the benefits of this financial tool. Let’s delve into the specifics of what you can use HSA funds for. Qualified Medical Expenses HSAs are designed to cover a wide...

The Imperative of Long-Term Care Planning

Long-term care is a subject often avoided in conversations and is not an easy conversation to talk about. Imagine the unforeseen circumstances—an accident, illness, or the natural progression of aging—placing you in need of long-term care. How would you cope? If you have to pay for future long-term care expenses and the care costs between $300,000 and $500,000, how would you pay for this? Understanding...