Insurance is kind of like flossing. Everyone knows you should do it, but rarely people actually do. Now that is definitely not a safe way to think about insurance, the thing that could keep you and your family safe in the face of tragedy, but it is the sad reality. It may just be a […]
Taxes and healthcare plans often go hand in hand, and for good reason. The big talker here, especially with a tax return, is this is about money. Moolah. Dough. Presidential flashcards. That’s just the fact of life. But when we’re talking about, well, life — quality of life, per se — it makes perfect sense. The key to understanding this isn’t just to be prepared for any issues in your life that might occur, but also to let the IRS know immediately as you prepare your tax return, especially after reading this press release about the issue.
Your Health Coverage Credit May Change
The reason why it might change is the fact that you will undoubtedly go through changes in your life as you get older — as you get diseases, as you go to the doctor to find out that you have a dislocated shoulder, for example — that will affect your health insurance. You know what that does? It’ll affect your premium tax credit, so be aware of that.
Some Life Changes That Could Affect Your Tax Credit
- A New Birth
- An Adoption
- A New Marriage
- An Unfortunate Divorce
- Moving to a New House
- Changing Jobs or Professions
- A Drastic Difference in Your Income
That Way, You Can Let Your Speedy Tax Return Reap You Benefits
You may heard of renters insurance but wonder why on God’s green Earth would you ever need it. Who knows — you may not need it at all. After all, you technically don’t own anything in the home except for your typical belongings: perhaps a TV, some clothes, a phone, and maybe a few other things. It’s not like you can’t have any policies already for such things, but believe me — renters insurance is a real thing for tenants, and not only can it be a smart option for you (if you have high-priced items in your place, such as a laptop or computer), but your lease might actually require that you obtain it.
You Would Then Need to Consult With an Insurance Company About Renters Insurance
See what your options are. In the end, you’ll be thanking the fates for the decision you made, perhaps surviving a very nasty fire in your rent-to-own home from H.O.P.E. to Own, and having all your personal belongings reimbursed — all because you were smart enough to take out a policy for renters insurance!
It’s particularly imperative that you do consider renters insurance, because your landlord’s policy won’t cover any of those damages. The only damages he or she would be covered on would be any of the included appliances and the structure itself. Basic rule of thumb: if you bring it into the home or apartment, chances are your landlord’s insurance policy won’t cover it at all.
Protect Your Own Property
And it’s affordable, just so you know. So out of all the rental tips you get to apply, this one won’t cost you a fortune. You can expect perhaps approximately $350 annually, covering a total of $50K in reimbursements for your stuff. That’s a pretty good deal in my opinion. Take advantage of it.