by Michelle Andrews, Kaiser Health News The notice from the federal health insurance marketplace grabbed Andrew Schenker’s attention: ACT NOW: YOU’RE AT RISK OF LOSING FINANCIAL ASSISTANCE STARTING JANUARY 1, 2021. As he read the notice, though, the Blacksburg, Virginia, resident became exasperated. Schenker, his wife and...
Injuries can cause physical and financial distress when you’re unable to work. If you have been injured and are not able to work, you can make up for lost income using Social Security Disability Insurance (SSDI) or Worker’s Compensation Benefits. Understanding how these benefits work can...
Cancer is expensive. The financial burden of a cancer diagnosis is often referred to as financial toxicity. A cancer diagnosis can impact a person's ability to maintain their income, increases out-of-pocket medical costs, and brings other unexpected expenses. That’s why we created CancerFinances.org. This free and easy-to-use resource is...
As many people are beginning their open enrollment season for benefits at their jobs, they may have questions about all of their various options. Two options that may be helpful for people to consider enrolling in are a Flexible Spending Account or a Health Savings...
Are you considering a search for a financial planner? Different people seek financial planners for different reasons. Given that individual circumstances differ; care should be taken to find a financial planner that fits your unique needs. For example, an individual with a cancer diagnosis may have...
There are many reasons to continue or go back to work after you have retired: it can generate extra income, fulfill purpose, add structure to your day, create opportunities for socializing with coworkers, and sharpen valuable skills. Working can add to both your daily routine...
As back-to-school season quickly approaches, universities and colleges are reeling over uncertain options for getting students back into the classroom safely. While some schools consider remote-only learning and others are forming hybrid schedules, one question remains the same: How are this year’s student loans, academic costs,...
The Social Security Administration (SSA) offers “Survivor’s Benefits” for certain individuals, to help reduce the financial impact of a worker’s death on their family. If you are coping with the loss of a family member, or if you are planning for your family’s future, it is...
Academic research has given a name to the financial burden of cancer, referred to as financial toxicity. Given that some form of financial burden often accompanies a cancer diagnosis, exacerbated now by the pandemic, retirement accounts may serve as vital financial lifelines for individuals and...
Michelle Andrews June 1, 2020 The economic upheaval and social disruption caused by the coronavirus pandemic have upended the assumptions many people made last fall about which insurance plan to sign up for, or how much of their pretax wages to sock away in health or dependent...