Archives: 2024
What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?
Posted: May 13, 2024
![What Happens if I Don’t Use My FSA Funds by the End of the Plan Year?](https://mlxwx3bywoz1.i.optimole.com/w:768/h:432/q:auto/f:best/https://www.breedeninsurance.com/wp-content/uploads/sites/2939/2024/05/FSA-funds-768x432.jpg)
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...
Am I Covered If I Buy a New Car on the Weekend?
Posted: May 13, 2024
![Am I Covered If I Buy a New Car on the Weekend?](https://mlxwx3bywoz1.i.optimole.com/w:auto/h:auto/q:auto/f:best/https://www.breedeninsurance.com/wp-content/uploads/sites/2939/2024/05/ERIE-BLOG-IMAGE-FINAL.jpg)
It’s a Saturday afternoon and life is looking up. After weeks of searching for a new vehicle, you’ve finally settled on the right car. You completed the test drive, negotiated a good price, agreed on a trade-in value and signed all the paperwork. Now, with keys in hand, it’s finally time to drive off the lot. But as you give your Erie Insurance agent a call...
What Is General Liability Insurance?
Posted: May 10, 2024
You know how many things can go wrong if you run a small business. You've probably heard the horror stories even if they haven’t happened to you personally. Whether accidental customer injuries, legal action from competitors, or any of a thousand other heartburn-inducing scenarios, the risks and pitfalls of running even a very small enterprise can keep you up at night. General liability insurance is...
Term vs. Whole Life Insurance: Which Do You Need?
Posted: May 8, 2024
Life is always changing – which is why it’s important to review your insurance needs and make sure your coverage is keeping up with your life. Whether you’re entering adulthood or nearing retirement, you may have a need for life insurance… but understanding which policy is best for you can be confusing. Let’s talk term and whole-life insurance to help you find which benefits you...
The Thoughtful Choice of Life Insurance for Mother’s Day
Posted: May 7, 2024
On Mother’s Day, we are all looking for the right gift to express how grateful we are and how much we owe to our mothers. While nice and sweet, the traditional flowers and chocolate are very general expressions of our gratitude for our mothers. Sometimes, a pragmatic and practical gift can surprise and delight. The gift of life insurance speaks to the protective instincts of...