Open enrollment (the annual period when you can enroll in major medical health insurance plans), begins November 1, 2022, and will remain open until January 15, 2023. You will need to enroll by December 15, 2022 for coverage that begins January 1, 2023. For someone looking to change or add coverage, this offers a short…
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A Savings Plan That Pays for More Than Just College
If you’re thinking about ways to fund your child’s education, the federal government has provided an incentive—the Coverdell Education Savings Account (Coverdell ESA), formerly known as the Education IRA. Contributions are not deductible, but tax-free withdrawals can be made when used to pay for eligible education expenses. There are, however, income eligibility limits for parents…