Legal Insurance Blog

March 23, 2023

The Best Ways to Spend Your Tax Return

Springtime is the most beautiful time of the year because it brings many great things: birds, flowers, and tax returns. So many people need a boost, and the money from the tax return significantly improves morale. In addition, the tax return provides money that a person can use for all kinds of things.

The tax return is used as a reward. People will take a vacation or buy something they always wanted. These are not necessarily frivolous expenses. Instead, they can be thought of as rewards for being responsible. We won’t criticize these tiny delights, but we do wish to point out that the tax return can be a great way to reinforce a person’s financial wellness.

March 21, 2023

The Intestate Tragedy

by Len Feltoon

Intestate succession is a process of distributing a person’s property when they die without a will. It can be a complicated and emotional process, particularly if loved ones are fighting for control over the estate. Significant problems arise when someone dies without leaving a will behind.

March 16, 2023

Understand Your Medical Copayments

by Len Feltoon

There needs to be more clarity when it comes to medical copayments. Employees often don’t know how their copayment works or what they’re responsible for paying and, consequently, pay more for medical care. That is avoidable if a person knows about copayments and when they apply.

An Easy Interpretation

A copayment is an amount of money that employee pays each time they receive a medical service or fill a prescription, and it is typically required as part of a health insurance plan. For example, if an individual has been prescribed medication that costs $100, and their copayment is $30, the health insurance would cover the remaining balance of $70. There are some cases where there may also be additional out-of-pocket charges that need to be paid even with insurance coverage, such as deductibles. Individuals need to understand how copayments work.

March 14, 2023

Good Consumer Protection Advice is Important

by Len Feltoon

Consumer protection is intended to help us avoid costly mistakes and keep hard-earned money safe. That is not always easy in a world of increasingly complex markets. A challenge is that many consumers are not very well educated on consumer protection, which can be a severe problem. There are many opportunities for fraud floating around on the Internet.

March 9, 2023

Problems Dealing with Government

by Len Feltoon

Many people need help navigating government agencies’ bureaucracy and red tape. It can be a daunting task that requires patience. Waiting times can be lengthy and frustrating. Usually, it is worth your while to call ahead or look at the agency’s protocols before walking into the building. There are also online resources for submitting documentation or filing paperwork.

A brilliant idea to break your task into manageable chunks, so you always have a clear idea of what is expected. There are ways to get through the red tape.

March 7, 2023

Budgeting for Older Employees

by Len Feltoon

As people get older, their financial responsibilities begin to change and increase. More senior employees have much to think about regarding their personal finances, which is why creating a budget that fits their unique needs and goals is so important. They need a budget to fit their time in life.

March 2, 2023

Advantages of a Financial Wellness Benefit

by Len Feltoon

Having control of personal finances reduces stress and improves the quality of life for many people. In addition, it helps make employees more productive since they do not have to worry as much about their debt or other money problems. Sensible employers are taking a closer look at financial wellness as a benefit for their employees. It is a service that everybody in an organization deeply appreciates.

February 28, 2023

4 Reasons why an Executor is Important

by Len Feltoon

An executor is an essential factor in managing a person’s final estate. That appointed individual is responsible for making decisions and guaranteeing that everything about the distribution of the assets is done legally. There are four important reasons why a careful decision must be made when it comes time to appoint one.

February 27, 2023

The Services of Communication

by Len Feltoon

The quality of an employee benefits rests on several things. Excellent member services are crucial. Plan members must feel they can receive the help they need without begging. Moreover, the providers must have the tools to deliver one step beyond the ordinary. Group legal plans rely on being able to communicate with plan members and use various means of communicating to gather essential information.

February 24, 2023

5 Ways to Manage Personal Debt

by Len Feltoon

Many people struggle with personal debt. Credit cards, student loans, mortgages, and car loans deplete a paycheck, and many find they have little or nothing left at the end of the month. It can be difficult to manage debt, but it’s important to remember there are some ways to help get you back on track. None of these are rocket science and these will make a positive difference.