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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.
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Insurance Considerations When Renting Out Your Home
July 29, 2024
Responsible homeownership requires you to take stock of risks and exposures, particularly when allowing others to live in a home you own. When renting out your home, you should generally ensure you have insurance that includes coverage for the following: The right insurance for renting out your home may vary depending on your location, the…
Read MoreWhite House Cancels $1.2 Billion in Student Debt for More Than 150,000 Borrowers
March 17, 2024
On Feb. 21, 2024, President Joe Biden approved $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in Saving on a Valuable Education (SAVE) repayment plans, lowering their financial burden. Originally planned for July, this approval relieves borrowers almost six months early. The SAVE plan is an income-driven repayment plan that bases…
Read MoreFacts About the Flu
December 5, 2022
Most people experience several bouts of influenza—also known as the seasonal flu—throughout their lifetime. According to the Centers for Disease Control and Prevention (CDC), even otherwise healthy people can get sick enough to require hospitalization from the flu. Seasonal Flu 101 The flu is an infection of the respiratory tract that is caused by the…
Read MoreBiden Administration Extends Student Loan Repayment Freeze
November 30, 2022
On Nov. 22, 2022, the Biden administration announced it would extend the repayment freeze on federal student loans while its debt relief plan remains blocked in the courts. The loan payment pause is now extended until after June or when the administration is able to move forward with its plan. Federal student loan payments were…
Read MoreEmployee Guide to Health Plans [Infographic]
September 24, 2022
You have many choices when it comes to selecting a health insurance plan, which can make the process feel overwhelming. Keep reading to explore some of the major health plans and their key characteristics. Points of Differentiation Between Health Plans Whether you're required to have a primary care provider (PCP) Whether you're required to obtain…
Read MoreDOE Provides More Information on Student Loan Forgiveness Plan, Issues FAQ
September 11, 2022
On Aug. 24, 2022, the Biden-Harris administration announced a student debt relief plan that provides a one-time student loan debt cancellation targeted at low- and middle-income families. The U.S. Department of Education (DOE) will provide up to $10,000 in debt relief for non-Pell Grant recipients and up to $20,000 for Pell Grant recipients, according to…
Read MoreFDA Authorizes COVID-19 Boosters Targeting Omicron Variants
September 6, 2022
On Aug. 31, 2022, the Food and Drug Administration (FDA) authorized updated COVID-19 booster shots from Moderna and Pfizer-BioNTech that target the dominant BA.4 and highly contagious BA.5 coronavirus Omicron subvariants. Both modified vaccines still target the original coronavirus strain. The FDA authorized the Pfizer-BioNTech modified booster for people age 12 and older and the…
Read MoreSenate Passes the Inflation Reduction Act
August 9, 2022
The U.S. Senate recently passed the Inflation Reduction Act, which includes provisions aimed at addressing climate change, reducing the high costs of prescription drugs and lowering the deficit by approximately $300 billion. The $750 billion spending bill passed through the budget reconciliation process, meaning all 50 Democrats and one tie-breaker vote from Vice President Kamala…
Read MoreSMART New Year’s Resolutions
December 28, 2021
The new year is here, which means millions of Americans are making their yearly resolutions. Making resolutions each year is easy, but sticking to them can be stressful. You’re not alone if you feel like your resolution fails a few months into the year. Making and keeping resolutions doesn’t have to feel near impossible, especially…
Read MorePresident Biden Plan to Combat COVID-19 in Winter Months
December 9, 2021
On Thursday, Dec. 2, 2021, President Joe Biden spoke at a press conference where he outlined a multiprong approach to combat COVID-19 this winter. The plan is described as having the following goals: Drafting a rule that requires private insurers to reimburse the costs of at-home COVID-19 tests Getting the approximately 43 million vaccine holdouts…
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