Archive for June, 2007
It’s Not So Bad… Ways in Which Retirees are Offered Unfunded Retiree Health Benefits
These days, many employers are offering their retirees unfunded retiree health benefits. Often referred to as “Access Only” plans, these health plans provide retirees with an opportunity to buy group coverage, but do not fund the coverage. These plans come in two varieties: plans in which retirees are rated with the workforce, and plans in [...]
Transferring Money Abroad
Some of my readers have relatives that live in countries other than their own. Many Americans send money to family members living abroad, especially if there is a large income disparity between the United States and the other country. How can money be transferred abroad with the minimum amount of fees?
Carry It
If you are visiting [...]
Let Your Money Work for You with a Health Savings Account (HSA)
What’s a Health Savings Account (HSA)?
A Health Savings Account (HSA) is a tax-advantaged bank account that can be used for qualified medical expenses. Contributions are made to it from pre-tax income, and money is not taxed upon being withdrawn, so long as it is spent on medical expenses. Thus, in some ways, it is better [...]