Archive for the ‘insurance’ Category

ask ask ask: your employer’s benefit’s plan
August 28, 2007

I rarely reviewed medical or dental coverage plans when joining a new firm (unless you consider ‘whatevah‘ as a valid acknowledgment to such material).

Today I attend a benefits fair at my husband’s work. In preparation, I’ve been humbled to learn just how much there’s to learn on our coverage — stuff like:

What percentage is covered for out-of-network consults?
Where/how should reimbursements be submitted?
What’s that flex spending plan all about?
Does the employer offer health care benefits for retired employees?

More from:
-APA outlines apt questions to ask your company’s benefits team or HR staff, even sensitive ones I didn’t first consider;
-For gay/lesbian domestic partners, this looked insightful for benefits & legal protections;
-The Money Blog, the ever credible source comments on potential benefits which you may not be aware of — cool eye care & flex spending accounts.

marital money mantra #2: protect what you can’t afford to lose
August 26, 2007

Sweet cash kitty

We learned a lot from our own cycles of incur-credit-debt-yet-not-build-savings. We still have credit card debt (from mis-calculating last year’s tax payment); yet we’ve for the first time built a cash kitty, four months of expenses, with plans to secure one year’s worth since we function on a single steady income.

It’s tough changing one’s perception of what is or is not a valuable financial habit or philosophy. I heard throughout life about debt-is-bad-pay-it-off but not as much insistence on building cash reserves aka rainy day protection. I realize saving philosophies have certainly been around for ages; cash reserves (and truly reserving them for emergencies vs a Mets game…) — just weren’t emphasized as much in my personal community.

After six years of marriage, four cats, and $6k in pet surgeries it became clear viewing a credit card as an emergency cash plan lacked….prudence. Emotionally we couldn’t afford to lose the various cats & financially, we decided we couldn’t afford to personally finance continual debt cycles.

Thus dedication to building cash reserves began as did researching pet insurance(!).

More from:
-ASPCA offers diverse pet insurance plans & good customer service;
All Financial Matters says it well: Emergencies will come whether we are prepared for them or not.