Young Adults Are More Likely to Lack Health Coverage
Children are often covered by a parent's health plan or by public health insurance such as the Children's Health Insurance Program (CHIP). But young adults generally lose eligibility for CHIP at age 19 and for coverage under a parent's health plan at age 26. Before they transition into employer-sponsored health plans or buy private health insurance, young adults are more likely to be uninsured than other age groups.
Reasons to Keep Your Personal and Business Finances Separated
If you are launching a new business venture, you may wonder whether it's necessary to open a dedicated bank account for your business. Even if your company is established and already has separate checking and credit-card accounts, you may be tempted to pay business expenses from personal accounts on occasion, particularly during tough times. The more your business and personal expenses become commingled, the harder it is to manage your company's cash flow, payroll, and taxes.