Is 2015 the Year of the Healthcare Hack?

protecting yourself from healthcare hacks

If 2014 was the year of major retailers being involved in security breaches, 2015 has thus far been the year for insurance companies. Anthem led the way earlier this year with a hack that compromised the personal information of hundreds of thousands of victims. Now, Premera Blue Cross, one of the largest health insurance providers in the Pacific Northwest, has been the target of a security breach.

Security experts are still attempting to discover the full extent of the breach. Hackers evidently accessed housing data from as far back as 2002. It is believed that at least 11 million people were affected by the breach. [Read more…]

A Quick Guide to Health Savings Accounts

Healthcare Savings Accounts (HSA) GuideA Health Savings Account (HSA) makes for an easy way to save and pay for qualified medical expenses now and down the road. Though it’s often confused with a Flexible Savings Account (FSA), a Health Savings Account is not the same. For one thing, the funds roll from year to year and will move with you if you change jobs, become unemployed or change medical coverage.

So What Is An HSA?
It’s a special account that is tax-advantaged and available to individuals who have High Deductible Health Insurance Plans (HDHP). [Read more…]

Buying Insurance: What, When, and Why?

iStock_000002692383SmallToday I’m very happy to be writing about insurance…said almost no one ever.

Look, I get it: even for someone who works at a credit union and has an appreciation for some of the dullest personal financial topics you could imagine, insurance is just, well, really boring.

But it also just so happens to be absolutely essential. [Read more…]