If you’re like most Americans, your top financial fear is not being able to pay for medical emergencies. But thanks to HSAs (Health Savings Accounts), many people can now pay for their unexpected medical costs. Although this type of account offers several advantages, it isn’t suited for everyone. Here’s what you need to know about the pros and cons of HSAs, along with a few considerations and warnings.
You have to be living in a cave not to know that there’s an ongoing debate among Americans right now, regarding Obamacare vs. Trumpcare. Unfortunately, often people side with their political party without knowing all the facts. With all the hype about the proposed AHCA and the current ACA, many Americans are confused. If you’re puzzled over how these two plans differ, you’re not alone. Here are some of the basic differences between the ACA (Affordable Care Act) or Obamacare and the proposed AHCA (American Health Care Act), also known as Trumpcare.
From the advent of the Great Society in the 1960's through the implicit assurances of the Affordable Care Act (aka "Obamacare"), the promise has been consistent: individuals who receive medical insurance through one of these programs would have access to good medical care at the lowest possible cost. That promise, however, has not always been borne out by reality. Over the past fifty years, the average annual out-of-pocket medical expenses incurred by most Americans has skyrocketed to more than $2,700 per person. That cost is in addition to whatever premiums are paid for medical insurance, either directly or through employer-sponsored health care plans.
With longer days and beautiful warm weather all across the globe, summer is easily one of the best times to travel. However, if you're on a budget, planning your family's summer vacation can prove to be stressful. The good news is, there are so many places that offer great deals for summer travel. For this reason, we've compiled a list of 5 affordable vacation spots for your summer vacation.
Historically, American companies structured their healthcare benefits in a defined benefits model (DB), which involves a set of benefits or plan payable by the employer. According to Russell Investments, DB plans became popular in the 1950s as a way for employers to attract workers by providing pensions and healthcare benefits. Formerly, healthcare benefits helped corporations and even government entities remain competitive in the market for job seekers. However, during recessions healthcare costs never stopped increasing whilst businesses suffered losses and underwent layoffs or mergers. The cost of paying former employees' pensions combined with the responsibility of paying for current employees' healthcare, especially in cases of serious illness, presented a risk.
Employee financial stress is not something they can leave at home and consider separate from their workplace. Financial stress is like any stress and stays with us at all times, affecting all aspects of our lives. When pressures at work combines with the stress that is already present, the result isn't good for the employee or the company. Since jobs and salary do play a part in an employee's financial worries, it's common for that stress to manifest and come to the surface while on the job. An employee may feel unappreciated or have doubts as to whether their time is being well spent.
For over a century now, healthcare reform has served as the proverbial white whale of American politics. While modern Americans tend to view healthcare as a staple, one of the (many) reasons to have a job with benefits, it is worth remembering that healthcare as we know it today is a fairly new development in human history, together with modern science and modern civilization and the belief that all men (including minorities and women - this comes later) are created equal. Suffice to say, for as long as there has been healthcare, there has been a struggle to deal with how to provide healthcare for all Americans while at the same time preserving this nation's spirit of independence. In this (highly) abridged history, we'll look at some of the highs and lows in the ongoing struggle for reform.
Recently, comedian and late-night host Jimmy Kimmel spoke out about the close call he had with his newborn son, who was born with a congenital heart defect. Recognizing that his son was lucky that he happened to have parents who could afford to pay for immediate and future surgeries he'd need to survive, Mr. Kimmel made a heartfelt statement about the plight of those who are not so fortunate, saying that nobody should have to watch their child die if he doesn't have to.