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529 Purchase Protection
What is Purchase Protection, how to ensure expense coverage, track and check coverage usage, handle IRS audits and penalties, and understand the policy's features including coverage tiers
17 articles
What is 529 Purchase Protection?An overview of how 529 Purchase Protection safeguards your educational expenses and provides peace of mind against IRS audits.
Is 529 Purchase Protection an insurance policy?Clarifying that 529 Purchase Protection is a specialized product, not an insurance policy, for covering specific 529 plan expenses.
How does 529 Purchase Protection help me track my eligible expenses?Learn how this service simplifies tracking your 529 plan's eligible expenses by category.
What are the coverage tiers available in 529 Purchase Protection?Explore the different coverage levels available in the 529 Purchase Protection policy to suit various needs and budgets.
How do I make sure an expense will be covered by 529 Purchase Protection?A guide to confirming the eligibility of your expenses under the 529 Purchase Protection plan.
How do I check how much of my coverage I have used?Discover how to easily check the remaining coverage of your 529 Purchase Protection plan.
What do I do if I get a notice letter from the IRS about my 529 spend?Find out how 529 Purchase Protection offers support and documentation in case of an IRS audit.
What if the IRS still imposes taxes or penalties?Understand the steps to claim reimbursement for taxes and penalties imposed by the IRS under the 529 Purchase Protection plan.
What is the difference between Tuition and Non-Tuition Expense coverage?Explaining the distinctions in coverage for tuition and non-tuition expenses under the 529 Purchase Protection plan.
What are the eligible expenses covered under this policy?Detailed information on the types of expenses covered under the 529 Purchase Protection policy, including tuition and non-tuition expenses.
Are there any limitations on Non-Tuition Expense coverage?Key information on the limitations and guidelines of non-tuition expense coverage in the 529 Purchase Protection plan.
What is the Purchase Period and Protection Period in the policy?Explaining the Purchase and Protection Periods of the 529 Purchase Protection policy and how they benefit policyholders.
What does the Certificate of Purchase Protection include?Details of what is covered in the Certificate of Purchase Protection for 529 plans.
How do I make a claim if the IRS imposes taxes or penalties?Step-by-step guide on how to make a claim if the IRS imposes taxes or penalties on your 529 expenses.
What is the 10-day money-back guarantee?Exploring the 10-day money-back guarantee offered by 529 Purchase Protection for customer satisfaction.
How do I submit an expense to be added under my policyA guide to adding an expense to your policy coverage
Accidentally Paid for Education Expenses Out-of-Pocket? Here’s How to Get Reimbursed with BackpackSubmit your receipts before December 15 to receipts@backpack529.com