The Coronavirus Aid, Relief, and Economic Security (CARES) Act, contains important provisions that will affect Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), and Flexible Spending Accounts (FSAs). Also, under existing rules, certain changes in your situation may allow you to increase or decrease contributions, or enroll or disenroll from your FSA. Health Savings Account …
As we approach the coming months, more and more concerns are growing around America’s ability to pay rent. With over 20 million Americans filing for unemployment, and this number growing by the day, many are worried about how they will pay to keep a roof over their heads. While the majority of states are offering …
As the coronavirus cases in the U.S. continue to rise, many Americans are losing their jobs. Unemployment during a health crisis can be very challenging since about 49% of Americans get health insurance through their employer. Millions of workers are at risk of losing their employer-provided health insurance. During the COVID-19 pandemic, it’s more important than ever to have …
In the second week of March, we surveyed some of our Brigit members to check how they have been impacted by the Coronavirus Situation. In this blog, we will help you find solutions to some pressing financial concerns by giving you access to resources that you might need during these tough times. Overall how has …
As 22 million Americans are now out of work due to the coronavirus, many don’t have enough money to cover bills and buy essentials. Those trying to make ends meet this month may wind up overdrawing their account and paying hefty overdraft fees. The country’s largest banks said they’re making adjustments to ensure stimulus payments …
In the second week of March, we surveyed a group of Brigit users to find out how many of you have health insurance. We found out that about 16% of our users don’t have any health insurance, 65% had insurance from their employer. If you recently lost your coverage due to a layoff or cut …
An estimated 80 million Americans have by now received the highly anticipated government stimulus check through direct deposit. If you haven’t received it yet, go read this article immediately and figure out why. I Didn’t Get My Stimulus Check Yet Now, you’re probably thinking about what you should do with this money. Learning how best …
Lots of our members and people all across America got a nice bonus this week. $1200 or more in their bank account from the IRS. Maybe you’re not one of the lucky people, let’s go into a few reasons why you may not have received your payment and how you can solve the issue. Important …
The focus of my academic and professional career is redesigning financial services to work better for those who need them most. All too often, empowering tools are systematically inaccessible for working-class families. When solutions are made available, they are designed to be more expensive and punitive. The overdraft fee in America is a perfect example. In …
Coronavirus has sapped us from our regular routines and required us to evolve very quickly on the fly. Luckily there are many services to help out that are free to use. Industries and organizations have pitched in and offered free resources from entertainment and education to mental health in order for us to cope during …
Well, folks. A new threat is upon us. Scammers are using the Coronavirus crisis to take advantage of panicked citizens. This is not uncommon, especially when it comes to finances. This frenzy has created a growing number of concerns regarding the financial health of the American economy. While we wait for solid answers regarding stimulus …
There’s a great new web tool that the IRS has just released that will allow registration for economic impact payments for those who don’t normally file a tax return. This is a free service that was created for those who don’t need to file for various reasons as well as those who have too little …