6 benefits angles for single Millennials during open enrollment
If you live in a big city, then you know how quickly commuting costs can add up.
Here’s the key. This money is not only before income taxes, but before “payroll” taxes—-the 7.65% deducted from your paycheck for Social Security and Medicare. So you’re saving that, plus federal and state income taxes. Depending on your tax rate, it could add up to a savings of 20%, 30% or more. Disability insurance can be a way to supplement that income and keep disabled individuals from falling into financial turmoil during their time away from work. There are two types of disability insurance: Short term and long term.
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