When the government and private sector work together to solve problems, they have the ability to change lives. Think of the emergency alerts that you get during severe weather or if a child goes missing in your area. Government agencies broadcast the alerts, but it’s the partnership with the mobile carriers that puts the information…

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A car, housing, or health insurance $24,671 will buy you a new 2015 Subaru Cross-Trek, pay for a one-bedroom apartment in Washington, DC, for a year, or buy a health plan for a family of four covered by an employer in the U.S. That number is this year’s Milliman Medical Index, calculating the average company’s…

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Health is the new black for financial services companies

As health consumers in the U.S. take on more financial responsibility for paying for health care out-of-pocket, they’re feeling the tug on their wallets and savings accounts. Quickly, financial services companies are coming into focus for people to look to at the nexus of physical and financial health. Consumers trust financial service companies – say…

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Health Care, Taxes and Building a Better Health Consumer

If it’s April in the U.S., it’s tax season. What’s new this year is that American taxpayers must report their health insurance status when filing their 2014 tax information with the IRS. And one in two taxpayers doesn’t realize that’s the case. This is the first year that, under the Affordable Care Act (ACA), Americans…

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Financial literacy and shopping for health care

With more financial skin in the health care game, and fewer uninsured citizens, too many Americans self-ration health care while trying to “save money” and avoid paying down deductibles that are the centerpiece of their health plans. This is a short-term fiscal choice that can lead to huge future financial and physical costs. In November…

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Resolutions for Financial “Wellth” for the New Year

Only 31% of people are making New Year’s resolutions for financial health at the start of 2015, down from 43% one year ago. Compare that 31% of people committed to financial wellness to the 51% of people resolving to lose weight. At the start of the New Year, you can’t help but be bombarded with…

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The Refund to Savings (R2S) initiative is helping more tax filers to gain piece of mind knowing that part of their refund is tucked away for when they really need the money.  They are accomplishing this through simple savings promotions in the TurboTax Freedom Edition (tax prep software offered free as part of the IRS…

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Health care costs are putting Americans’ financial well-being at-risk, according to Cigna’s survey of U.S. consumers’ attitudes about health and finance.[i] The health plan polled over 1,800 U.S. adults in August 2014 and found that most people feel increasing health care costs will have a major impact on their financial well-being and ability to fund…

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Tax Tips for Gay and Lesbian Couples Post-DOMA

The 2014 tax season marked the first time in U.S. history that married same-sex couples were allowed to file their federal tax returns using a “married” filing status. This was a result of the U.S. Supreme Court’s landmark decision in United States v. Windsor, which held that the federal government’s heterosexual-only definition of marriage under…

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Earned Income Tax Credit: What You Need to Know

The Earned Income Tax Credit (EITC) is a credit available to families that do not have a high income, helping them keep more of their hard-earned money.  In fact, it could mean up to $5,981 back in their pockets at tax time. In 2009, the IRS estimated that the EITC lifted nearly seven million people…

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