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What Happens If I Leave My Company Before Becoming Fully Vested?

Vesting is a process through which employees gradually earn ownership of benefits provided by their employer, such as retirement savings through 401(k) plans or stock options. This process is vital to retaining and motivating employees, as it rewards their long-term service and encourages loyalty and commitment. Vesting opportunities attract top talent and foster employee engagement and dedication, ultimately contributing to the company’s success and stability....

What Is Supplemental Cancer Insurance & Do I Need It?

In 2018, there were 18.1 million new cancer cases and 9.5 million cancer-related deaths globally. By 2040, new cases are projected to increase to 29.5 million, and cancer-related deaths could skyrocket to 16.4 million. These staggering figures illuminate the need for supplemental cancer insurance to mitigate the financial burden of treatment and ensure comprehensive healthcare coverage. What Is Supplemental Cancer Insurance? Supplemental cancer insurance can...

When Can I Use Short-Term Disability?

May is Disability Insurance Awareness Month, a time for underscoring the importance of understanding the various types of disability insurance and how they can provide financial protection against the costs and burdens of sustaining a disability. Short-term disability insurance is a type of insurance policy that offers coverage for specific life events, providing income replacement when you’re unable to work due to illness, injury, or...

Your Guide to Summer Heat Safety

The importance of enjoying the heat of summer safely cannot be overstated, especially when we are witnessing a trend in worldwide record-breaking temperatures. The risks associated with these rising temperatures can be severe without critical safety measures. With National Heat Awareness Day approaching at the end of May, people can have access to important safety and health information that will allow them to enjoy the...

What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?

Given the complexities associated with the health insurance industry in the United States, more people are turning to tax-advantaged alternatives like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employers offer FSAs as part of a group benefits package. Unfortunately, funds in an FSA are subject to a “use-it-or-lose-it” rule, where unused funds are forfeited at the end of the plan’s term. Therefore, strategic...