Health Care & Insurance

Find articles to help you understand Medicare Advantage Plans, long-term care insurance, life insurance policies and more.
Sorting Out Medicare Considerations
There have been some important changes in laws affecting Medicare during the last year, but some other aspects of the program remain the same. With a new wave of Baby Boomers turning 65 each year, the Virginia Society of Certified Public...
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FSA vs. HSA: Making Sense of the Choices
Everyone is aware of the high costs of health care. In fact, health care spending accounted for $2.3 trillion per year — or $7,681 per person — based on a recent government analysis. According to the  Virginia Society of CPAs (VSCPA), there are...
Questions to Ask About Life Settlements
Do you own a life insurance policy that you no longer need? If so, there are a number of options available to you, including surrendering the policy to receive the cash value or letting it lapse. Another option is a life settlement, in which you...
Long-Term Care Insurance: What To Ask Before You Buy
Planning for your future care or that of a loved one has emotional and financial implications. According to the Virginia Society of CPAs , there are a number of important questions you should ask before selecting a long-term care policy. Here are...
Life Insurance Facts
All life insurance policies have one thing in common: they provide a tax-free death benefit to your beneficiary when you die. But, that’s where the similarities stop. The  Virginia Society of CPAs offers an overview of the most common types of...
Disability Insurance: How To Tailor the Policy To Your Needs
What would happen if your paycheck suddenly stopped because you were ill or injured and couldn’t work? Could you still pay your mortgage or rent and monthly bills? You could if you had long-term disability insurance, reports the Virginia Society...
Questions to Ask About Service Contracts
Is it a good idea to buy a service contract when you are making an important purchase? According to the Federal Trade Commission, roughly 50 percent of the people who buy new or used cars or major appliances purchase service contracts. These...
Legal Documents You Need To Have
It’s a good idea for everyone to take steps to ensure that your wishes are carried out in case of illness or death. According to the Virginia Society of CPAs , there are a number of legal documents that can communicate your wishes and make life...
Understanding Medicare Advantage Plans
Are you or a loved one enrolled in Medicare? This government health insurance program for older Americans offers many choices in terms of coverage and available plans. Given this wide range of options, the  Virginia Society of CPAs recommends...
How To Minimize Your Health Care Costs
The average employee contribution for health insurance has soared more than 143 percent since 2000. Typical out-of-pocket expenses that consumers pay for deductibles, prescription co-payments and coinsurance for doctor and hospital visits have...

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