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Under the Affordable Care Act, healthcare insurance companies must refund premium income if it exceeds certain levels. The Medical Loss Ratio provision of the act states insurers can only keep a certain percentage of money to go toward administration, marketing, and profits. This year, insurers will issue roughly $2.1 billion in refunds. By Dawn Allcot See: 5 Things Most Americans Don’t Know About Social SecurityFind: Here’s How Much You Need To Earn To Be ‘Rich’ in 23 Major Countries Around the World...

That glass of breakfast OJ Americans have been returning to since the start of the COVID-19 pandemic costs a lot more as we move into 2022 — but don’t go pointing your finger at the global supply chain crisis as the likeliest culprit. By Vance Cariaga See: Shipping Companies Had a $150 Billion Year Amid Supply Chain Woes — How Their Profit Was Your Loss Find: Supply Chain Fix: Could Robot Trucks Fill Driver Shortages?...

Since July 2016, nearly 36 million families began receiving advanced child tax credits to help with financial struggles, reduced income, and poverty during the pandemic. Now, as the Build Back Better legislation, which would extend the enhanced CTC, sits in debate in Congress, a study reveals that close to 10 million children could fall back into poverty if the CTC is not extended. By Dawn Allcot See: Are Child Tax Credit Payments Taxable?...

If you spend a lot of time each day on your phone, you may as well put that time to good use and start earning money through mobile apps. Whether you want to get paid for shopping, walking, watching videos or even playing games, you can find an app that pays in real money. By Dawn Allcot Swagbucks Rakuten Ibotta MyPoints Fetch Blackout Bingo Toluna Influencers Opinion Outpost Dscout Mode Earn Solitaire Cube InboxDollars Nielsen Computer and Mobile Panel You can also find games that pay in cryptocurrency or NFTs, which you can resell for crypto or U....

Buying a home for the first time can be a daunting process, and even well-prepared buyers can be in for some surprises along the way — and in fact, most first-time homebuyers are. A recent Opendoor report on first-time buyers found that 94% experienced a surprise during the purchasing process. By Gabrielle Olya Read: 7 Florida Cities That Could Be Headed for a Housing CrisisFind Out: 5 Things You Must Do When Your Savings Reach $50,000...

As you begin to imagine what retirement looks like, you may have pictured a bungalow on the beach or a cabin retreat, but you probably didn’t invest too much thought into the appliances that you’ll need. Whether you will call a mansion or a cottage home in your golden years, you will need an assortment of gadgets that will make your life easier. By Crystal Mayer Good To Know: 6 Types of Retirement Income That Aren’t TaxableFind Out: 5 Things You Must Do When Your Savings Reach $50,000...

If you’re a frequent Costco shopper, the Costco Anywhere Visa® Card by Citi is something to have in your wallet. Costco Anywhere offers cash back rewards that you can use to shop at the retail giant, plus a host of other benefits that make this card stand out against all the others. If you already have a Costco membership and you’re looking for a credit card that complements your love of Costco deals, here are the reasons why the Costco Anywhere Visa® Card is the ultimate shopping partner....

Although setting a goal to save $500 this month may seem impossible, it’s more manageable than you might think. If you sit down and add up the cost of all the nonessential items, services and entertainment you spend on each month, you likely could easily save at least a couple of hundred dollars, if not more. However, to live 30 days without any of your favorite indulgences is unnecessarily restrictive....

Ally High-Yield Savings Account Overview A high-yield savings account is a helpful tool for any saver. Savers can tuck their hard-earned funds into this type of savings account to put their money to work for them without giving up easy access to the funds. If you are scoping out your savings account options, Ally’s high-yield savings account is a worthwhile choice to consider. By Sarah Sharkey Overview Features Comparable Options...

At the end of the movie “Back to the Future,” the ’80s blockbuster where a time-traveling DMC DeLorean took center stage, the sports car is shown being fueled by trash. But the next iteration of the car — a surprise in the auto business — might be powered not by trash, but by electricity. By Dawn Allcot See: 6 Best EV Stocks To Buy Now: Top Electric Car Companies To Invest In Find: Ford Shifts to Electric Cars, Plans To Spend at Least $20B to Reorganize — How It’s Impacting Stock Prices...

Going into the holiday season, many Americans voiced concerns that supply chain issues would make it harder to get the gift items they want for loved ones, including toys and electronics. These fears are not unfounded, as some of our nation’s largest ports, including Los Angeles and Long Beach, California, face congestion and delays. In October, the Biden Administration’s Supply Chain Disruptions Task Force moved to open these ports for 24/7 operations....

California residents beware: scammers are on the prowl, targeting state taxpayers’ one-time inflation stimulus payments, state Attorney General Rob Bonta said on Monday. By Nicole Spector Explore: Your Biggest Money Etiquette Questions AnsweredFind: If Your Credit Score Is Under 740, Make These 4 Moves Now “Unfortunately, there are some bad actors hoping to take advantage as Californians patiently wait for their direct deposit or prepaid debit card to arrive,” Bonta said....

Two assistance programs that helped Utah residents pay for rent and food throughout the pandemic are scheduled to expire in March. By Josephine Nesbit SNAP Benefits: How Long Do They Last?Find: 3 Easy Tips to Turn Your Credit Woes into Wows Recently, Congress passed an omnibus bill that included the end date for SNAP emergency allotments, which is February 2023. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today....

Despite the rise of remote work, toxicity still persists in many workplaces. Several negative descriptors — including non-inclusive, disrespectful, unethical, cutthroat and abusive — are just some of the terms often used to describe examples of a toxic work environment. By Heather Taylor The Future of Finances: Gen Z & How They Relate to MoneySee Our List: 100 Most Influential Money Experts Yet, not everyone chooses to leave a toxic workplace even as the red flags start to mount up all around them....

Ford Motor announced it plans to launch four new electric vehicles (EVs) into its Lincoln lineup by 2026, as it “moves toward an electric future,” the company said in a press release. By Yaёl Bizouati-Kennedy See: How To Get Rich With a Normal JobFind: Rising Gas Prices: The True Cost of Going Electric More than half of Lincoln’s — the luxury automotive brand of Ford Motor Company — global volume is expected to be all-electric vehicles by mid-decade; the brand will deliver three new fully electric vehicles by 2025, adding a fourth by 2026, the company said....

The IRS has created specific online portals for updating your personal information and managing the Child Tax Credit payments that began being distributed on July 15. By Georgina Tzanetos See: When is the Last Day I Can Sign Up to Get the Child Tax Credit? Find: Parents Take to Twitter (Again) About Shortages in October’s Child Tax Credit Payment In order to sign in to any of the portals, you will need to first verify your identity through ID....

Although an early variation can be traced back to Europe in 1508, Father’s Day didn’t become a national holiday in America until 1972. That year, President Richard Nixon declared the third Sunday in June a time to reflect on the importance of fatherhood — nearly 60 years after the first Mother’s Day in 1914. By Andrew Lisa See: Signs We’re Bouncing Back: 6 Ways Americans’ Spending Has Changed Since Last YearFind: 10 Generous Financial Gifts (Other Than Cash) for Grads...

While credit cards have many benefits — such as providing a financial cushion in case of emergencies, helping build credit scores or accumulating rewards — they do have limits, which vary depending on several factors. Exceeding these may trigger a slew of short- and long-term consequences, but Americans seem to be aware of that fact and are acting accordingly, a new survey suggests. By Yaёl Bizouati-Kennedy A credit card limit — the maximum amount you can spend on your credit card — can start at a few hundred dollars and go to tens of thousands of dollars, depending on criteria such as payment history, current accounts, account history, debt and income, according to Chase....

If you’ve been shopping for a vacation, back-to-school or just sprucing up your wardrobe after the pandemic, you may have noticed your favorite stores and shopping websites offering “buy now, pay later” options. By Dawn Allcot See: 5 Best ‘Buy Now, Pay Later’ Apps and Services of 2021Find Out: 60% of Americans ‘Buy Now, Pay Later’ — But Is This Shopping Fad Too Risky? BNPL options are becoming more popular, especially for online shopping, and are marketed as a consumer-friendly way to shop,” says Nirit Rubenstein, co-founder and CEO of Dovly, a platform that helps consumers improve their credit....

According to the Bureau of Labor Statistics, the food service industry has one of the lowest unionization rates in America — 1.2% compared to 10.3% for the country overall. But from Starbucks to Chipotle, service workers across America have launched a movement to increase that percentage. By Andrew Lisa It’s not hard to understand why. BLS reports that the median full-time union worker earned $1,169 a week in 2021. The median worker who wasn’t in a union earned $975....