PFSI News & Events

Do I Really Need Flood Insurance?

Jun 14, 2022

Flood Season is Coming

Are you protecting your business and inventory from Flood? Your property insurance does not cover flood damage; you must buy a separate flood policy.

Why do I need Flood Insurance?

  • Flood damage is expensive. The average commercial flood claim is $90,000.
  • Flood damage is NOT covered by your property insurance policy.
  • Flooding…
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How to Maximize HSA Accounts for Businesses

Jan 26, 2019 — A health savings account or an HSA is a personal employee-owned savings account that is established when the employee selects a High Deductible Health Plan from their employer-sponsored health plan offerings. The purpose of the HSA is to help the employee save money for out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions. Because of the high deductibles, most coverage is not reimbursed until the deductible is met. That is why making regular deposits into an HSA account will prepare the insured for out of pocket medical expenses.  Read more

Health Savings Account

Dec 14, 2018 — A Health Savings Account is a savings account that gives individuals a unique platform to save for medical expenses while reducing their taxable income.  Read more

The State of the Individual Health Insurance Market

Nov 09, 2018 — In 2010 the Obama administration signed legislation to create a more equal health insurance market. Most of the provisions were not implemented until 2014. These provisions consisted of three major items that require insurers to:  Read more

What Full Service Means

Oct 18, 2018 — According to Investopedia, a full-service broker is, “a licensed financial broker-dealer firm that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more.”  Read more

Quality Life insurance comes from quality companies

Sep 27, 2018 — Most people get life insurance to ease the pain of their loved ones in light of an untimely death. They have to replace lost income, settle their estates, plan for college, and give their family the financial means to survive. The need for life insurance is almost always universal and that is why having a great life insurance company is extremely important. *Check out our blog to see the different scenarios and needs for life insurance One of the most important questions that must be asked when comparing life insurance companies is, “Will this company pay my benefit, in full, at the time of death?” This question holds a great amount of importance because your loved one's futures depend on the death benefit and ultimately, the life insurance company.  Read more

Evaluating your needs when Purchasing Life Insurance

Sep 07, 2018 — Life insurance is one of those topics that can be uncomfortable in discussing with family, friends, and trusted advisors. How much is enough? How long will it be needed? Should we insure ourselves, spouses and children? Perhaps it’s not necessarily the topic of life insurance but discussing the needs surrounding life insurance that can make the conversation more difficult.  Read more

"Trump’s executive order instructs Labor to set table for Open MEPs"

Sep 06, 2018 — An MEP, also known as an Open Multiple Employment Plan is a 401k plan that is maintained by 2 or more employers. This allows businesses to invest more money with more advantages. Over the years these plans have seen an increase in regulation and restrictions. President Donald Trump has signed an executive order that will attempt to loosen the current restrictions on MEPs.  Read more

Student Debt & Medical Professionals

Aug 24, 2018 — Student loans have become much more of a necessity for funding educational costs over the past decade. And it is relatively easy to qualify for student loans to help pay for tuition and related educational expenses. There is a large amount of student debt surrounding medical professionals and the effects are greater than the debt holder.  Read more

The Benefits of Benefits

Aug 10, 2018 — Employee benefits are optional, non-wage, compensation given to employees in addition to their normal salary or wage. The typical benefits that are offered are healthcare, retirement compensation & planning, paid-time-off, vacation, and any other perks that the might business offer. Employer-sponsored benefits are becoming more popular because they not only add value to the employees but the entire business as well. Having a strong benefits package can increase employee retention, build healthier & happier employees, and allow your business to recruit top talent employees.  Read more