COVID-19 is hitting tipped workers hard

Even prior to COVID-19, tipped workers suffered from the inadequacies of the United States' social safety net and minimum wage standards.

Experts measure the economic impact of the COVID-19 pandemic

Between March 21 and 28, as the country enacted quarantine measures, the United States experienced a 3,000% jump in joblessness claims. By the end of March, a stock market drop had wiped out all gains from the previous three ...

What helps couples weather financial storms

Experts have predicted that the COVID-19 pandemic will result in the worst financial crisis in the United States since the Great Depression. While the full scope of the financial fallout remains to be seen, furloughs, job ...

How big data can help you choose better health insurance

There are plenty of easy consumer choices. Paper clips: easy. Dish sponges: easy. Those products sit at one end of the spectrum. At the other end, impossibly distant, is health insurance.

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Health insurance

Health insurance is insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.

By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

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