How to do an Annual Insurance Review

Every year, Americans spend thousands of dollars on insurance. In fact, according to a report done by the Bureau of Labor Statistics, Americans spent about $9,359 on insurance in 2015. That’s a lot of money to give away to insurance companies! This is why it’s very important ensure that what you pay for actually covers your needs. About once per year, set aside time to review your insurance.

Reasons to review

There are several reasons why you should review your insurance each year, but here are a few common things to look for:Read More

3 Ways to Compare Health Insurance Plans

Let’s be real, some major medical expenses are unavoidable. However, many expenses can be greatly reduced by the type of insurance plan you have.

Although open enrollment for 2017 ends on January 31st, you can qualify for a Special Enrollment Period if you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child.

If you qualify for the Special Enrollment Period, you usually have up to 60 days following the event to enroll in a plan. If you miss that window, you have to wait until the next Open Enrollment Period to apply.Read More

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Created by nationally recognized millennial money expert Tonya Rapley, My Fab Finance is a leading financial education and lifestyle blog for millennials who want to become financially free and do more of what they love.
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