What is long-term care insurance?

Tanza Loudenback •
Business Insider
Halfpoint

Healthcare is the largest expense most retirees face. Medicare doesn’t cover everything, including most long-term care needs, so many Americans are forced to drain their own savings, lean on family and friends, or use private insurance to afford daily assistance if they need it. As of 2016, a semi-private room in a nursing home costs,

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The post-COVID economy: Changing work and insurance, for better or for worse

Emily Payne •
BenefitsPro
Luis Alvarez

Prior to the pandemic of COVID-19, there was a steady growth of independent contractors being used in the United States. As people became more and more comfortable hiring independent contractors via apps to get their groceries, drive them to work, handle odd jobs and other tasks, the opportunities for independent contractors kept growing. Even before

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How to prepare self-insured businesses for rising pharmacy costs

Paul Wilson •
BenefitsPro
BackyardProduction

Before the novel coronavirus hit, employer health benefits were already expected to rise 5% this year, according to the National Business Group on Health’s (NBGH) 2020 Large Employers’ Health Care Strategy and Plan Design Survey. The survey estimated the total cost of health care to be $15,375 per employee, including premiums and out-of-pocket costs for employees

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I’m a financial planner, and there are 3 ways my advice to clients has changed during COVID-19

Sharif Muhammad •
Business Insider
Feverpitched

As the COVID-19 virus raged through the northeast US in March, I received numerous calls from concerned clients pleading for information and guidance. Questions like, “Should I get out of the market?”, “Which bills should I prioritize?” and “Should I pay the rent/mortgage?”  As we discussed these and other issues, I realized that we were

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