Destini Kelleher

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What’s the Difference Between PPO, HMO and EPO Insurance Plans? 

Health insurance is an essential part of life, and it’s important to understand the different types of plans available in order to make an informed decision. Three popular networks are PPO, HMO and EPO; each one offers its own set of benefits that can be tailored to your individual needs. Understanding the differences between these three networks will help you find a plan that meets your budget while still providing comprehensive coverage.

What You Need to Know About Health Insurance Tax Credits or Subsidies

Are you struggling with the cost of health insurance premiums? If so, you may be eligible for a health insurance tax credit or subsidy. These financial assistance programs can help lower your monthly costs and make it easier to afford the coverage that you need. Here’s what you need to know about these credits and subsidies, including how they work, the income limits to qualify, and whether or not they have to be paid back.

Health Insurance Costs Explained: What You Need to Know

Health insurance can be a costly and confusing expense for many Americans. With the average family spending over $22,000 on healthcare annually, it’s important to understand the different components of health insurance costs so you can make an educated decision about what type of policy works best for your individual needs and budget. Understanding premiums, deductibles, coinsurance, copayments, and out-of-pocket maximums are essential to get the most bang for your buck when shopping around for a new health plan.

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Tax-Free Techniques for Leaving Living Inheritances to Your Children

Many of us will live into our 80s and 90s as a result of rising life expectancies.

Your children will most likely inherit money in their 60s or 70s.

Consider tax-advantaged strategies for passing assets on while you’re still alive.

Each year, give your children “gift” dollars. Gifting your children’s inheritance tax-free now can allow you to all enjoy this special time together.

By giving them money now, you’ll reduce your overall assets that taxes may be required to pay when you die.

When you die, your heirs will pay fewer taxes and keep more of your assets.

A final resting place with a lake view...

What’s the Difference Between Final Expense Insurance and a Pre-Need Plan?

There are subtle differences between final expense insurance and pre-need plans. Both allow you to preplan your funeral using insurance. Final expense plans allows you the ability to appoint a beneficiary and use the proceeds to pay for items such as debt or medical bills outside of funeral expenses. Most final expense policies range from $5,000 to $40,000, depending on the individual. Pre-need insurance allow you to “lock-in” today’s prices for guaranteed funeral services when you die. You don’t have to worry about inflation or rising overhead costs if you prepay for these guaranteed services. Pre-need plans can be paid in one lump sum or in installments.

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The Truth About Prepaid Funeral Contracts

You’ve probably seen advertising espousing the benefits of prepaying your funeral costs. Prepaid funeral arrangements, on the other hand, are often seen as a financial misstep by most experts. Here’s why…it may be tempting to relieve your family’s financial stress during this difficult time, but there are better options. Remember that there are two main …

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Consulting with estate agent

Common Estate Planning Mistakes To Avoid

Estate planning encompasses much more than the distribution of cash, real estate, and other assets. In estate planning, there are a number of common mistakes to avoid. Avoid the following errors for a good estate plan:. Procrastination, not taking advantage of unified credit, insufficient life insurance. Estate planning is one of the most significant things you can do for your family. Leaving some wiggle room in your estate plan will allow your heirs to take advantage of any changing legislation.

Buying something special.

Top Seven Insurance Buying Mistakes To Avoid

Insurance is an essential component of any financial strategy.

Most people drastically underestimate the amount of insurance coverage they actually need.

Don’t make the mistake of leaving out your most expensive items by accident.
Purchasing too much insurance will result higher costs to you.

Insurance coverage can eat up a significant portion of your monthly income, but it is money that is well spent.