What is Life Insurance?

What is Life Insurance?

Industry Terms What is Life Insurance? Life insurance is a contract that you enter into to ensure that your loved ones are financially protected in the event of your death. The contract states that, upon your death, the insurance company will pay a specific amount of...
What is an HRA?

What is an HRA?

Industry Terms What is an HRA? HRA is a Health Reimbursement Arrangement, a tax-free fund solely funded by the employer to cover employees’ medical expenses. HRAs may be offered along with other employer-provided benefits such as the FSAs or High Deductible Health...
What is an HSA?

What is an HSA?

Industry Terms What is an HSA? HSA is a Health Savings Account, a tax-exempt account funded by the employee or the employer to cover the employee’s out-of-pocket medical expenses. HSAs must accompany a corresponding High Deductible Health Plan (HDHP). A Limited...
Loading...