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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.

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...

Take the Leap: Group Benefits that Elevate the Employee Experience

Once every four years, we get to experience the unique event of a leap year, which adds an extra day to our calendars, making February a 29-day month. As we approach this rare occurrence, it's worth drawing a parallel between it and the challenge of finding the right employees for your company. Just like a leap year, securing top talents doesn't happen every day, but...

Can I Take a Loan from my 401(k)?

Many people wonder whether they can take a loan from their 401(k) retirement account. While 401(k) loans are an option provided by some plans, there are rules and considerations to keep in mind before deciding to borrow from your retirement savings. Understanding the possibility of taking loans from a 401(k) account and the associated rules can help you with your decision. Eligibility and Loan Limits...