What are elective benefits?
The Bankrate.com financial term of the day is: "elective benefits."
The term "elective benefits" might seem to refer to the idea of how great it is when everybody votes. But while the term does involve a choice, it's a much more personal one than whether a political office should be held by Candidate A or Candidate B. With elective benefits, you can choose whether to take a lump sum from your health insurance company to cover certain conditions or injuries, rather than receive installment payments as you're treated.
With elective benefits, you can simplify matters with your health insurer by taking one big payment for a medical issue instead of submitting a bunch of bills over time.
Are you reluctant to negotiate a medical bill? Here are some tips to help you slash those costs.
Not sure if you should file a claim? Jean Chatzky shares insight to help you decide.
Jean Chatzky shares tips on how to stop paying too much for your auto insurance.
All it takes is one serious accident to understand why it's important to have umbrella insurance.
Find out the different factors that go into determining the rate you'll pay for life insurance.
Looking to save money? Jean Chatzky shares an easy way to save without squeezing your budget.
Bankrate.com's Greg McBride helps a man and his family get on track to save for his retirement.
You may be tempted to tap your retirement funds for an emergency, but there are good reasons to avoid it.
What is the biggest fear when it comes to retirement? Jean Chatzky hits Times Square to find out the answer.
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