2
votes
0answers
17 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: ...
2
votes
0answers
75 views

How do I judge if I am being made a fair offer by a car insurance company?

My girlfriend got into an accident with her (registered under my name) 2003 Honda civic. She was pulling out of the drive way(taking a right, basically parallel to the road) and got hit on the quarter ...
1
vote
1answer
93 views

Liability insurance for hobby

Maybe I'm paranoid or something but it is hard not to be one when all you see in the news how some people sue others based on ridicules charges and then settle for millions. My situation: I work full ...
3
votes
2answers
95 views

Do laddered term life-insurance strategies give significant savings over getting re-rated with shorter term policies?

I have been reevaluating my life-insurance strategy and having remembered an article about using laddered term life insurance to give you a higher amount of coverage in the short term with reducing ...
5
votes
3answers
153 views

Can the Securities Investor Protection Corporation (SIPC) itself go bankrupt?

The Securities Investor Protection Corporation (SIPC) insures investor accounts up to $500K: Terms of SIPC help. Customers of a failed brokerage firm get back all securities (such as stocks and ...
6
votes
2answers
5k views

What is the difference between pre-tax and post-tax paycheck deductions?

I am getting insurance for about 4 months, the length of my contract with a company. I am given the option of having the cost deducted from my paycheck pre-tax or post-tax. What is the difference? ...
1
vote
2answers
127 views

Do my parents need to purchase long-term care insurance?

I've been hearing about long-term care from my parents since my sister moved out two years ago. They'll have to let me finish college before buying it, however. What is the purpose of long-term care ...
6
votes
3answers
428 views

Why would a person not want to purchase a Personal Liability (Umbrella) insurance policy?

I was recently introduced to the concept of the PLP (specifically in the context of providing a globally-following umbrella policy to my renters' and auto insurance). After examining the policy and ...
2
votes
2answers
158 views

Taxes on money received from a death benefit

When my father had passed away, all of us kids signed off on the rights to any of his money/assets to our mother. Upon receiving the money, she had paid taxes on them. She then dispersed an amount off ...
6
votes
1answer
143 views

Insurance for a house which is not homeowners insurance?

My wife and I moved last summer, and our former home is still on the market. We were recently informed by our homeowners insurance company that because the house is no longer owner occupied, they will ...
1
vote
1answer
62 views

Can a non-resident claim an out of pocket health cost tax deduction?

I am a graduate student and my health insurance is paid by the university. I had an emergency visit and few subsequent doctor's visit in last financial year which were not covered by the insurance and ...
6
votes
1answer
102 views

Personal liability insurance with no car or house

Is it possible to get a personal liability insurance if I don't drive (I don't have a driving license and I don't own a car) and if I don't own a house (I am renting)? The use case I'm thinking about ...
6
votes
1answer
183 views

How do I evaluate a health insurance policy that covers a specific disease?

I know that medical emergencies could be fatal for emergency funds and other personal finance aspects. How can you evaluate a cancer insurance policy? What are the aspects that makes one policy ...
1
vote
3answers
189 views

How to protect a Stock you still want to own from a downturn?

I have a few stocks on my portfolio that I still like and I still believe I should own. They still meet all my buy signals, so I will still buy them today. However, the stock market is not doing ...
10
votes
1answer
258 views

How does unemployment insurance work?

I hear people on the radio going on about emergency funds to cover job loss, and I'm wondering how unemployment insurance factors into this. I've never applied for UI, let alone received it, and I'm ...
12
votes
2answers
306 views

What will the penalties be for someone with out insurance after Affordable Care Act takes effect?

If I currently don't have health insurance will I have to buy a plan? If I do not what will the penalties be?
1
vote
3answers
945 views

Should I elect to have my long term disability insurance be taxable?

My employer offers long term disability insurance as a standard benefit, and they also give me to option to make it taxable. From what I can tell, this means: The premium is added to my taxable ...
3
votes
2answers
85 views

Tips for insurance coverage for one-man-teams

I'm a solo software developer and would like to find some reasonable health insurance for myself. My wife has a job which allows me an opportunity to participate in her insurance group, but it is a ...
2
votes
1answer
176 views

“Surety Bond” as a cheaper alternative to auto insurance in Florida

There is very little information about "surety bonds". Officially, it looks like FL is one of the states that accepts surety bonds as an alternative to liability insurance. What are pros and cons vs ...
3
votes
2answers
159 views

What options exists if your wife's employer doesn't cover any type of maternity leave?

Recently I discovered that not all employers will cover maternity leave. Many will allow an expectant female to leave for a period of time, but it will be under a leave without pay license. Aside ...
0
votes
1answer
96 views

Self paid Insurance Premiums and taxes

Currently my employer proivdes a Health Insurance Allowance (which I understand is really just added compensation), but I am wondering if it is possible to somehow shield that money similar to a ...
2
votes
2answers
213 views

Gap in domestic Health Insurance coverage, expect higher premiums?

I am going to be living abroad for a year. I left my employer and am on short-term health insurance until I leave. I wasn't planning on maintaining domestic coverage (U.S) while I was abroad, but I am ...
1
vote
2answers
89 views

Is health insurance a wash in this case?

Let's say one makes 50k per year base at a company that pays 100% of the cost of a 10k per year medical plan. Now, a different company pays 0% for their similar 10k health care plan. The base pay is ...
9
votes
2answers
134 views

Tools for comparing costs between different healthcare providers?

I have a high deductible health insurance plan. That means the first $2000 or so expenses per year are not covered by my insurance. What's a good way to compare health care costs from different ...
3
votes
3answers
985 views

How can I improve my auto insurance score?

My auto insurance score on Credit Karma is 805. It also says insurability is poor. I was wondering if there is a way to improve that score? I have never had an accident and I am never late on my ...
3
votes
1answer
69 views

Does COBRA eligibility depend on other health insurance options?

I left my job, and went on COBRA. I started a new job, but the health insurance offered at the new job is a worse value than the COBRA coverage. I'm still eligible for COBRA, right? They happily ...
1
vote
2answers
105 views

Health insurance lapsed due to employer fraud. How to get medications while in transition?

Recently my health insurance was cut off due to my parent's employer pulling some bookkeeping trick for the past few months where we were being given health insurance but it was off the books - ...
9
votes
1answer
270 views

Can mortgage insurance replace PMI?

So I recently bought my first house, and admittedly have no idea what I'm doing when it comes to home financing. I did not put down 20% so I have to have PMI until I pay off the principle up to 20%. ...
2
votes
1answer
464 views

Why would I enroll in a Limited Purpose FSA, on top of an HSA?

Open enrollment is coming up and I have the option to open both an HSA and a limited purpose FSA, which only covers dental and vision expenses. Why would I participate in both?
6
votes
1answer
4k views

How does retroactive COBRA coverage work?

I'm voluntarily leaving my job at the end of this month for a new position in a couple of weeks. At my new job, I have health care coverage effective my first day of work. My current coverage ...
1
vote
3answers
379 views

How do I calculate the dwelling coverage I need from the information I have?

I have just finished ratifying a contract for a home purchase. Our timeline for getting everything done is fairly tight and I'd like to start getting the homeowner's insurance squared away as soon as ...
14
votes
5answers
838 views

How much should I fund an HSA? Is there a danger in over-funding one?

I'm reviewing my options for health insurance during open enrollment and one of them is a HDHP/HSA option. I hear these are best for young people without chronic conditions etc. I think I fall into ...
5
votes
2answers
93 views

Tips to putting the yearly health insurance payments to work

I have been making my annual $1.5k health insurance payments to Blue Cross and now it feels like I am pouring money down the drain year after year! Since I exercise daily, eat healthy and keep myself ...
9
votes
3answers
91 views

Comparing/reviewing personal health insurance plans for the self-employed

I'm looking at needing to acquire personal health insurance in the next few months as I move from a job with good benefits to self-employment, and I've found that it's pretty difficult to compare the ...
12
votes
6answers
2k views

Do I need ID theft Insurance?

Identity theft insurance? Dave Ramsey says yes. Consumer reports (CR) says no. The complication is that Dave recommends an identity theft insurance from Zander Insurance, where as CR says to say no ...
5
votes
4answers
234 views

Is Prepaid Legal a legitimate company?

I've just seen a recruitment video for Prepaid Legal. The company sells, essentially, legal insurance - a prepaid service that covers potential legal fees. Their marketing strategy, though, reads ...
11
votes
8answers
3k views

The doctor didn't charge the health insurance in time, am I liable?

I got a bill for an emergency room visit for one of my kids. It was the weekend and that was where the insurance told us to go. Luckily no stitches needed. Fast forward 7 months and I get a bill ...
2
votes
3answers
134 views

How long do you need to have High Deductible insurance before contributing to an HSA?

I am just about to leave my high deductible plan for a plan that is not HSA-eligible. As I understand it, I could max out my HSA for the year right now, and then I could use the money in my HSA for ...
5
votes
2answers
107 views

What are the most common subtleties of COBRA continuation health coverage?

I'm leaving my job at the end of the month. I'd like to continue my health insurance that was part of the company benefits. What are the most common subtle ins/outs or gotchas for someone ...
3
votes
1answer
135 views

COBRA eligibilty if employer changes providers at time of contract signing?

I have a contract from July to June. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible ...
5
votes
1answer
860 views

Retroactive COBRA Premium Increase: Can my COBRA health insurance premiums be hiked retroactively?

I hope this is the right place to ask this, but if not let me know and I'll go away. About 6 months ago I left a W-2 position to do independent consulting. Since then, I have been using my previous ...
7
votes
1answer
156 views

Do Americans still need extra health care / medical insurance after reform to health care? [U.S.]

Does the passage of the recent bill in the US change the way Americans budget for health care? If so who benefits?