Maybe you do not know that...

Maybe you do not know that... The Small Business Health Options Program, commonly called the “SHOP” Marketplace or exchange, was established under the Affordable Care Act. The new program helps small businesses subsidize or cover the cost of health and dental insurance premiums for their employees. In addition to the benefits of the SHOP Marketplace, qualifying small businesses that participate in the program also might be eligible for the Small Business Healthcare Tax Credit. Qualifications For The SHOP Marketplace Process To Get SHOP Marketplace Plans Can Business Owners Cover Themselves and Their Family Members? Qualifications For The SHOP Marketplace A small business must meet all of the following requirements to participate in the SHOP marketplace: The small business must have 50 or fewer full-time or equivalent employees (FTEs)  to offer SHOP Marketplace health plans. Equivalent employees are any number of part-time employees that work an aggregate numbe...

Maybe you do not know that... How do I cancel my FHA MIP? Despite what you’ve heard, FHA MIP is not permanent. Some homeowners can simply let their mortgage insurance fall off; others need to refinance out of it. With mortgage rates still low, and home values rising, many are choosing to do the latter. Homeowners are saving hundreds per month, even when they take on a higher rate. Getting rid of FHA MIP is a big deal. Ready to start? You can check your eligibility for a new, PMI-free mortgage via a refinance. How long does FHA MIP last? FHA loans fall into two categories: those with case numbers issued by June 3, 2013, and applications dated after that. FHA MIP cancellation depends on this classification because that’s when FHA  rules changed. →FHA loans for which you completed an application after June 3, 2013 Loan Term Original Down Payment MIP Duration 20, 25, 30 years Less than 10% Life of loan 20, 25, 30 years More than 10% 11 yea...

Maybe you do not know that... A fixed rate loan is one whose interest rate never changes. meaning the principal and interest payment never changes, either. Each month, the homeowner pays decreasing amounts of interest and increasing amounts of principal while the payment stays constant. This process is called “amortization.” When your loan first starts out, you pay mostly interest. Toward the end of your loan, the majority of your payments go toward principal. This is because interest is due only on what is currently owed. So, by the end, you owe next to nothing in interest. The most popular form of fixed-interest home financing is the 30-year fixed mortgage, which spreads the principal repayment over a long period of time, making even very expensive homes affordable on a monthly basis. There are other fixed rate options available as well, including the popular 15-year fixed rate. The ever-popular fixed rate mortgage still dominates the market A fixed rate ...

Maybe you do not know that ... Cheap health insurance plans in Pennsylvania are available through the state exchange, though some shoppers can qualify for Medicaid depending on their household income. To help you find the best health insurance coverage, we evaluated all Pennsylvania plans and found that in most of the state, either the  Geisinger Marketplace HMO 30/60/4650  or  UPMC Advantage Silver $3,500/$25  was the cheapest Silver plan available. These insurers aren't available on the marketplace in every Pennsylvania county, but they consistently offered some of the best health insurance rates across different tiers of coverage in regions where they're listed. Cheapest Health Insurance Coverage by Metal Tier Health Insurance Companies in Pennsylvania Cheapest Silver Plan By County Average Cost of Health Insurance by Family Size Cheapest Health Insurance by Metal Tier We compared Pennsylvania health insurance plans by metal tier in order to...