A piece of $2.7 billion in health insurance rebates could be coming

zoranm | E+ | Getty Images

Your health insurance company may owe you some money.

Depending on how you get your coverage, you could be one of the 7.9 million policyholders expected to get a piece of about $2.7 billion in premium rebates from various insurers, according to the Kaiser Family Foundation. While such refunds are issued yearly, the anticipated amount would be nearly double the $1.4 billion issued last year.

Generally, you’re more likely to get a rebate — or already have received one in recent weeks — if you have an individual policy (including through a state health exchange or the federal one) or participate in a small- or large-group plan, said Karen Pollitz, a senior fellow with the foundation. Many of the biggest U.S. employers choose to self-insure, which means their plans don’t have to adhere to certain requirements placed on insurance companies. Different rules also apply

Read More

Pay off student loans or invest? Here’s how you can decide

Consumers should focus on paying down their student loans and credit cards. (iStock)

The coronavirus pandemic forced many businesses to shutter their doors, resulting in millions of Americans losing their jobs and tapping into their savings as their unemployment funds ran dry.

Almost one of every five American workers remain jobless and at least 29 million people are receiving unemployment benefits. Amid economic uncertainty, consumers are evaluating their various types of debt, financial priorities, and determining how to pay off debt faster.

Consumers are considering whether they should use their stimulus check to pay off debt — like student loans — or invest in hopes of gaining some extra money in the long run.

Should you pay off student loans or invest?

Both paying off student loans and investing are important. But how do you decide whether to pay student loans or invest? There are some important factors

Read More

Regions Bank Announces Special Financial Services in Areas Impacted by Hurricane Sally

Fee waivers, deferred payments and additional offers available to support storm recovery.

Regions Bank on Friday announced a series of financial services that are available to help people and businesses in portions of Alabama, Florida and Mississippi that were impacted by Hurricane Sally1. Options include payment extensions, the waiving of certain fees, interest rate discounts and additional offers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005051/en/

Special services announced by Regions Bank are designed to help people and businesses along the Gulf Coast. (Photo: Business Wire)

“Regions Bank has been part of the Gulf Coast and our inland communities for many years, and we will be here in the days, weeks and months to come as storm recovery moves forward,” said John Turner, President and CEO of Regions Financial Corp. “These financial services are designed to make the recovery easier, and we encourage all customers

Read More

Proclamation on National Small Business Week, 2020

During National Small Business Week, we celebrate the resolve and ingenuity of American businesses, entrepreneurs, and workers.  America’s small businesses are at the very core of our Nation’s identity and prosperity, and this week we pay tribute to these patriots for their contributions to our Nation’s economy and culture.

This year, as we collectively recover from an unprecedented pandemic, my Administration remains intensely focused on helping every American enterprise remain viable, recover, and once again, thrive at historic levels.  Our Nation’s more than 30 million small businesses, which employ nearly half the private-sector workforce and create two-thirds of all net new jobs, are the key to propelling our economy to the prosperity levels America has enjoyed over the past 3 years.  That is why, as part of our extraordinary, whole-of-government economic response to the coronavirus, we have placed the small business sector front and center.  We have delivered nearly three

Read More