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Financial Protection: Insurance Checklist for College Bound Kids

Targeted News Service (Press Releases) COLUMBUS, Ohio, Aug. 18 -- The Ohio Department of Insurance issued the following news release: The Ohio Department of Insurance has created an insurance checklist to help college students and their parents ensure appropriate financial protections are in place for the upcoming school year , department director Jillian Froment said. "Life away from home is a great opportunity for young adults to learn and grow, but it also presents considerations and challenges," Froment said. "It is important that students and parents conduct an insurance review and consider including an insurance agent in the process." Froment shared the following insurance information: Illness and Injury Dependent coverage * Any insurance plan or issuer that offers dependent coverage must remain available until the dependent reaches age 26 . If it's a managed care plan , the student could be outside the provider network area and would have to travel ...

Insurance Checklist for College Bound Kids | Community

COLUMBUS – The Ohio Department of Insurance has created an insurance checklist to help college students and their parents ensure appropriate financial protections are in place for the upcoming school year . “Life away from home is a great opportunity for young adults to learn and grow, but it also presents considerations and challenges,” said Department Director Jillian Froment . “It is important that students and parents conduct an insurance review and consider including an insurance agent in the process.” Froment shared the following insurance information: Illness and Injury Dependent coverage - Any insurance plan or issuer that offers dependent coverage must remain available until the dependent reaches age 26 . If it’s a managed care plan , the student could be outside the provider network area and would have to travel within the area to receive routine and lower-priced in-network care. Student plan - Most colleges and universities require students to have hea...

How to Make it to $1 Million

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The balance of our coverage provides a snapshot of who America's millionaires are, where they live, and how they built their wealth. Nearly two decades ago, these five families were featured in MONEY as "millionaires in the making"—households that were well on their way to a seven- figure net worth excluding the value of their primary residences. Rhone in MONEY’s August 2000 issue, when he was still a “Millionaire In The Making.”   That was starting in 2000, around the time the dotcom stock bubble began to burst. Yet despite running into one of the worst bear markets in history—which was followed soon after by the global financial panic , the worst economic crisis since the Great Depression—these families still managed to achieve their goals. How did they accomplish this? Some did it by living frugally and saving aggressively so that when the bad times hit, they had enough of a cushion. Others proved to be resilient in the face of setbacks, staying the course with the...

7 people explain how they got to $1 million

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Click to expand Replay Video SETTINGS OFF HD HQ SD LO UP NEXT Video by CNBC The balance of our coverage provides a snapshot of who America’s millionaires are, where they live, and how they built their wealth. Nearly two decades ago, these five families were featured in MONEY as “millionaires in the making”—households that were well on their way to a seven- figure net worth excluding the value of their primary residences. That was starting in 2000, around the time the dotcom stock bubble began to burst. Yet despite running into one of the worst bear markets in history—which was followed soon after by the global financial panic , the worst economic crisis since the Great Depression—these families still managed to achieve their goals. How did they accomplish this? Some did it by living frugally and saving aggressively so that when the bad times hit, they had enough of a cushion. Others proved to be resilient in the face of setbacks, staying the course with their 401(k)s and IRAs in ...