Last week, the U.S. Department of Health and Human Services announced it was escalating its efforts to to enroll young people in health insurance by, among other things, offering discounts to users of the ride sharing service Lyft who travel to open enrollment events.
When we buy insurance we are buying financial protection in case an incident occurs that we cannot afford.
The next time you visit your bank branch, ask yourself a simple question: “What am I, the small business owner, getting in return?” If your current bank relationship is not supporting your small business initiatives, the time may be ripe for a change.
About 10,000 people turn 65 every day, and along with that milestone comes a challenge: You need to get up to speed on the many ins and outs of Medicare. There’s a lot at stake. You have to pick supplemental insurance to fill Medicare’s coverage gaps, and you might have to switch to less-expensive versions of some medications. If you don’t sign up by the deadline or you make other mistakes, you could end up with lifetime penalties, denied claims or big bills you shouldn’t have to pay.
Every day, my in-box is filled with questions from readers about the nuances of Medicare. The following frequently asked questions will help you navigate the system and deal with tricky issues.
Imagine living the rest of your life in an assisted-living facility instead of in a combine. While you’re stuck watching daytime television in a room shared with a stranger, your children are paying for your care by selling off tracts of land you pieced together over decades.
It doesn’t have to be this way. Long-term care insurance could be a solution.
Indexed universal life insurance is a lot like universal life insurance, however, it does have a couple of wrinkles not found in traditional universal insurance policies. Universal life insurance comes in many different forms, from your basic fixed-rate policy to variable models that allow the policyholder to select various equity accounts in which they can invest. An indexed universal life insurance policy gives the policyholder the opportunity to allocate cash value amounts to either a fixed account or an equity index account. Indexed policies offer a variety of popular indexes to choose from, such as the S&P 500 and the Nasdaq 100.
Funny thing about annuities. People love them in concept, but they aren’t nearly as enthusiastic when it comes to actually buying these insurance products, which are the only investments that can provide guaranteed income for life.