What Is COBRA Health Insurance And Why You May Need It

What is COBRA health insurance?What is COBRA health insurance? Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that was passed by Congress in the mid 1980s that gives some employees and their dependents the ability to continue receiving health insurance coverage even after leaving employment. There are many times when you need to continue to receive private health care even though you may have lost your job. Health insurance is expensive, but COBRA health insurance can help you cover the gap in coverage until you find a new job with adequate health insurance for you and your family.

Who Is Eligible For COBRA?

An employee and their immediate family is eligible for COBRA health insurance coverage if one of the following qualifying events occurs that results in loss of benefit coverage:

  • Death of the covered employee
  • Employee loses coverage due to involuntary termination
  • Employee loses coverage due to a reduction in hours as a result of resignation, discharge (except gross misconduct), layoff, strike or lockout, medical leave, or slowdown in business operation
  • Divorce or legal separation that terminates the ex-spouse’s ability to receive coverage
  • A dependent child reaching the age when he is no longer covered

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What Is Cyber Liability Business Insurance?

What is cyber liability business insurance?Very few businesses these days get by through word of mouth or paper advertising – most will have a website or be cited in various online sites (such as general advertising-listing sites or comparison sites).  Many businesses also carry out much of their work online, creating and sending often sensitive data via email.

Whilst it is advantageous to use technology so effectively, there are risks associated with conducting work over the web.  This is where cyber liability insurance comes into its own. 

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Which Is First: Paying Off Your Debt or Investing for Retirement?

This question has plagued financial planners for years. Should you pay off debt, or should they start a retirement account first? This assumes that the same amount of money is involved in each transaction. We will use $5,000 for our examples. Below we will take a look at the pros and cons of each option, and give our opinion. Paying Off Debt First Paying off debt is a great way to use a lump sum of money. Being in debt can be burdensome to the individual in debt, and feeling like you are never going to get out can be awful. If you do not have a lump sum, you may want to consider a debt management plan to help … Read more

The Best Investing Advice I Ever Received

The following is a part of Yakezie’s blog swap from Dannielle. She blogs about personal finance and Barbados at Odd Cents. You can check out my post on her site this morning as well about the best investment advice I ever received – Start Early!

The best investment advice I ever receivedFor someone that’s now getting acquainted with the investment world, I’ve been trying to get as much advice as I can. In the last six months, I’ve attended seminars, done research online and asked friends for specific investment advice. As a result of my persistence, I’ve received several helpful tips which I’m very excited to share.

Take Advantage Of A Disaster To Invest

The most recent bit of advice came from a post entitled Taking Advantage of Disaster to Invest on Bucksome Boomer. The post advised to buy stocks in companies which are going through a disaster. Kay Lynn, the author, recently bought stocks in Carnival Corp which owns the Costa Concordia ship ( the cruise ship in the horrific Italy accident). The accident caused share prices to drop significantly and opened up opportunities to buy shares at a “reduced” price. In a short space of time after her purchase, the stock prices were on their way back up.

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Five Creative Ways To Fund Your New Small Business

This is a guest contribution from Bill Hazelton, CEO and Founder of Credit Card Assist, a leading pro-consumer, credit card information resource.

Creative ways to fund your new small business It takes a lot of guts to run a small business these days. You need to be your own boss, your own IT team, your own cleaning crew and, most importantly, your own accountant. Typically, money is always tight in the first year (or few years for some), and things will only get tougher if you can’t find sources of financing to support your early growth track. The problem is that ever since the economic implosion that started back in 2008, the banks have severely tightened their lending criteria. So, what does a small business owner have to do to find funding for his or her business? Get creative.

To successfully fund your new business these days, you’ll have to think outside the box, over the box and sometimes even on top of the box. We’re talking Zappa-style unorthodox here. If you’re not exactly the creative type though, it might be difficult to conjure up creative financing ideas. In order to help you kick-start the thought process, we’ve come up with a list of 5 creative ways to fund your small business.

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