Day: August 12, 2020

Posted in Personal

5 Tips To Manage Personal Finance While Traveling

There has been an explosion of budgeting templates and apps that track expenses to meet the demands of savvy travelers. However, managing one’s finances can be rather complicated if you are traveling, potentially due to lack of access to your usual resources and support system. Even with international borders closed to American travelers due to COVID, personal finance management while traveling is still important.

Here are 5 easy budgeting tips if you are planning summer and fall travel: 

Stay connected

The importance of staying connected while traveling cannot be overstated. Because we live in a digital world, it is very easy to have your budgeting and financial tools access remotely and this means that you can budget, save, and manage your finances while on the go. The primary tools would be a reliable smartphone. The smartphone that you choose should be one that

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Posted in Business

NJ health insurance tax would raise costs for small businesses at the worst time

Eileen Kean
Published 5:00 a.m. ET July 30, 2020 | Updated 7:18 a.m. ET July 30, 2020

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The Small Business Lease – Emergency Assistance Grant Program is designed to help small businesses impacted by Covid-19

Asbury Park Press

As you read this, legislation is being considered in Trenton that would impose higher health insurance costs on small businesses at the worst possible time — during a pandemic when they are struggling to stay afloat.

Despite the financial hardship, many small business owners have done all they can to keep their employees on their group health plans at a time when everyone is exceptionally concerned about the risks posed by a very contagious virus. Lawmakers pushing this bill need to know it would not only hurt already battered small businesses but their employees, who risk losing that important insurance coverage if the bill passes.  

The companion bills introduced by the

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Posted in Insurance

Rural areas have higher individual health insurance premiums and fewer plan choices

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Credit: CC0 Public Domain

A study by the University of Minnesota School of Public Health examining the choice and pricing of individual health insurance plans across the U.S. found that rural areas have the fewest options and pay the highest premiums. The study highlights one of many areas of society experiencing health care financial pressure that will likely only increase during the COVID-19 pandemic.

This study was led by Professor Jean Abraham and appeared in a special issue of RSF: The Russell Sage Foundation Journal of the Social Sciences focused on the effects of the Affordable Care Act (ACA) as it marks its 10-year anniversary. A key component of the ACA was the creation of health insurance marketplaces where individuals and small businesses could purchase health plans when enrolling in a group plan through a large employer isn’t possible.

The researcher specifically measured changes in insurer marketplace participation and plan

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