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Insurance: Don’t Panic! Facts About Health Care After You’ve Lost Your Job

January 3rd, 2012

By Thomas Doane


It’s no secret that the job market has been suffering these past few years. Unemployment has seen record highs and some people have been out of work for so long that they can’t even be considered unemployed anymore. Finances, especially when combined with health issues, can be stressful even in good economic times, but with an economy in shambles it has the potential to become a nightmare.

Health insurance premiums always seem to rise as wages stagnate. Some people are fortunate enough to work at a company that uses a Human Resource Information System (HRIS) to track their wages and benefits, but other companies don’t even offer benefits like health care – leaving many Americans to worry that there’s nothing they can do and no way they can provide for the health of themselves or their family. » Read more: Insurance: Don’t Panic! Facts About Health Care After You’ve Lost Your Job

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Finances: How the unemployed can prepare for the tax season and avoid incurring debt

December 30th, 2011

By Marlon

When you’re unemployed or you lost your job or suffered a big drop in the income level, you may have a considerably different tax situation from the previous years. Rarely does anyone greet the tax season with a big smile on their face and with a bottle of champagne! More often the arrival of your W2 statement in your mail box causes a sigh. Now, is it possible to erase the pain of filing your taxes? No, it isn’t but there are certainly ways in which the unemployed and the job seekers can end up paying lesser amount to Uncle Sam. Not being able to pay your taxes may land you up in IRS tax debt, for which you may have to rush to the IRS or hire a tax debt consultant to become debt free. But what will happen to you if you’re unemployed? Where will the funds come from?

When you’re financially struggling, you may have forced yourself to withdraw money from the Individual Retirement Account (IRA) or maybe you started working out of home. All these instances may have tax implications later on. Taxes are certainly the last thing that may come to your mind when you’re unemployed but remaining oblivious of the situations when you may incur more taxes can push you towards further mess. Check out some such major items so that you can stay educated and effortlessly avoid falling into debt. » Read more: Finances: How the unemployed can prepare for the tax season and avoid incurring debt

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Insurance: Health Insurance Costs Exceed Income Growth across the Country

December 23rd, 2011

 By Denver Burke

In all of the fifty states across the USA, the gap between income growth and private health care insurance costs has widened and is continuing to do so. This is a worrying trend for Americans in a country where jobs are limited, the economy has stalled and another worldwide recession looks imminent.

No matter where you currently live in America, whether on the LA coastline or along the New York shores, health care insurance costs have become an expensive outlay for everyone. During the last couple of years the recession across the world increased health insurance bills through all the American states. This then meant that Americans had to spend considerably more during that year for health care and necessary treatment drugs than they had for the same care and drugs the previous year. With more Americans losing jobs and having to be added to the Federal list, health care costs continue to increase. » Read more: Insurance: Health Insurance Costs Exceed Income Growth across the Country

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