Hello everyone, we have a great upcoming virtual event happening on May 30th! As of yesterday we have reached over 35,000+ registered attendees & still counting! Reserve your spot today to learn about or cause and our mission. This is an event you dont want to miss. Our registrations are free at no cost. If you wish to attend please click on the link below to register for this Zoom virtual seminar, or PM me for more information! We Will also have amazing featured speakers to this unprecedented event!
Scott Harrison- Founder of Chairty: Water, a non-profit organization bringing clean & safe drinking water to people in developing countires. @charitywater
Dr. Joseph F. Coughlin- Founder & Director of MIT Agelab, named one of "100 most creative in Business" @drjoecoughlin
Bridget Brennan- CEO of Female Factor and author of "Winning Her Business" and "Why SHe Buys" @bridgetbrennaninsights
Stay tuned for more from these speakers and other WSB G20 news Soon!
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One of the primary services a financial advisor provides is retirement planning. An advisor must be expert at asset allocation, forecasting, budgeting, taxation, and assorted financial tools and products to reach realistic retirement goals.
There are some events that are not typically covered by liability insurance. For example, neither libel nor slander is usually covered. If you become an active blogger on different topics, an umbrella policy to protect against libel or slander actions could become crucial.
As you know, there are a variety of educational savings and investment accounts available to help you start a college fund. We can pick the best one for you based on your risk tolerance and goals.
While it is always a good idea to find ways to maximize your financial strength, it is also a good idea to protect it. While you can cut costs with a higher insurance deductible, you do not want to be paying on the back end when coverage is exhausted. An umbrella liability policy will provide the money you need when your regular policy has reached its limits.
Are you a financial expert? Do you know the best investments to choose? If not, why not hire a financial planner, someone with the financial expertise to set up a financial plan that is feasible for you and will help you reach your goals?
Many experts recommended that you have at least a million dollar umbrella policy to provide liability coverage beyond the limits of your auto and homeowners policies, even if you have less than a million in assets. This will protect you in the rare event you are sued and forced to pay a legal judgment.
Did you know that the average cost to raise a child - from birth to 17 years old - is nearly $227,000, according to the U.S. Department of Agriculture?
If you have prescriptions you take on a regular basis that your rely on to maintain your health, consider checking into whether they're covered by your new policy before you purchase new insurance. Keeping prescription drug costs low could be worth a slightly higher monthly premium.
One of the worst things you can do in the area of financial planning is to set goals that are not reasonable. A professional financial planner can design a program that will fit your specific financial circumstances.
No matter how carefully you drive, the truth is that car accidents do happen, and they can get very expensive, very quickly. Your car insurance will only cover up to its liability limits, but if you have an umbrella policy, it will pick up where the car insurance left off.
Did you know that consulting with a financial advisor can give you access to investments that you might not have known about previously? He or she can also help you explore alternative investments.
Original Medicare consists of two basic components. The component known as "Part A" is sometimes called "hospital insurance," because it covers care provided in hospitals, skilled nursing facilities, and hospice centers along with some home health care services.
Although many people assume education savings accounts are only for college, that isn't the case. Depending on your plan, you may be able to use the funds on private primary education.
If your assets have grown in the last few years, you may need to update your umbrella insurance policy. Extra liability insurance may be needed to protect the additional financial or business assets that you have acquired.
Are you taking care of all the benefits offered by your employer? That's just one of the things a financial planner can determine after taking a detailed look at your financial picture. If an employer offers to match contributions to a 401K account, it's important to find a way to take advantage of what is basically free money.
While Medicare Part A covers hospital stays, Part B covers the rest and works like traditional medical insurance. This includes certain doctors’ services, outpatient care, preventative healthcare services, and medical supplies.
Do you love to travel but almost never have the money to take nice vacations? A financial planner can help you to make priorities in your budget so that you save money each week or month - even if it’s a small amount – to build up for a vacation.
In 1945, Harry S. Truman called for Congress to create a national health insurance fund that provided basic coverage for the most common medical expenses such as doctor visits, hospital care, lab services, dental care and nursing.
In group health insurance, age plays a large role in how much you will need to shell out for health insurance each month. If your company employs a lot of older people, then premiums will be more expensive than if it employed a lot of college graduates.
It’s important to remember that there’s more to financial planning than just figuring out your retirement accounts. Having the right insurance coverage in place is critical to help you protect the assets you’ve been accumulating.
Whether you want to save for retirement or for a variety of important "life events," a financial advisor can examine your budget and finances and make recommendations to meet your financial goals.
Roughly half of the individuals covered by Medicare insurance have annual incomes below $23,500 per person. Similarly, should an emergency medical condition arise, half of all covered individuals have less than $41,400 in savings.
Many families today have two working parents, which means they might both be covered under employer group coverage. When this is the case, the coverages are broken into primary and secondary coverage, rather than have dual coverage and overpayment problems.
Before health insurance was even a glimmer of an idea in the US, life insurance was going strong. It actually started in the colonial days during the 1760s. A variety of life insurance companies were started in the late 1700s and early 1800s, but health insurance didn't show up until 1866.
Part of the financial planning process involves analyzing your spending habits, which enables you to develop a workable budget that you can stick to. You will also be able to construct an insightful cash flow statement based on your income and expenses.
Paying with credits cards can be convenient, but it also makes accruing debt easy. In general, avoid making purchases on credit cards when you don't have the cash available in your account to pay the bill each month.
What’s the difference between term and permanent life insurance? Your financial planner can add more details, but in general, permanent insurance is guaranteed to pay off as long as you pay the premiums. Term life insurance offers protection for a specific period of time and can lapse without paying any benefits.
Medicare has four components, Medicare Part A, Part B, Part C, and Part D, each one covering a different aspect of healthcare. We can help you decode the alphabet soup for a clear understanding of each.
While people typically use the terms "financial advisor" and "financial planner" interchangeably, they are actually different. A financial advisor deals specifically with investing, whereas a financial planner helps you create a road map for your financial future.
Most people age 65 and older who are either citizens or permanent residents of the United States are eligible for free Medicare hospital insurance. You are basically eligible if you or your spouse are also eligible to receive Social Security and/or railroad retirement benefits, you or your spouse worked long enough in a government job where Medicare taxes were paid, or you are the dependent parent of a fully insured deceased child.
Original Medicare coverage is managed by the federal government. Factors that can affect your out-of-pocket costs include whether you have Part A or Part B, the type of health care you need and how often you need it, and the other type of coverage you might have.
When determining what type of financial advisor you need, two things to keep in mind are how an advisor is compensated and what type of professional designation he or she specializes in.
As a good rule of thumb, it’s often better to become more conservative in your investing style as you get closer to retirement. This will ensure that you’re taking the biggest risks with your money during the years when you have the most time left to make it back.
Even if you are healthy but eligible for Medicare coverage, you can qualify for Medicare assistance to help pay for medications and drugs prescribed by your doctor. Let us show you how the system works.
While you may not be thinking much about your retirement while you’re in the early stages of your career, there’s no better time than right now to start planning for it. If you aren’t sure which retirement plan option is right for you, we’re always happy to offer guidance.
Unlike some other types of health care plans, Medicare doesn't provide dependent benefits for your children or the rest of your family. Your spouse may, however, be eligible for his or her own coverage under Medicare if they meet the requirements.
It is a good strategy to review health insurance needs ahead of time – so you can prepare for the right type of coverage before it is needed. For example, review health insurance policies before getting married, retiring or if the kids will be leaving home soon.
The power of saving money over time may surprise you. For example, let’s say you make $3,500 a month and decide to put just 6 percent, or $210 a month, into a 401K plan. Your employer kicks in 3 percent. In 25 years, averaging a very conservative 5 percent, your account would go from 0 to nearly $190,000. You may be surprised at the goals you can reach with the help of a financial planner.
According to the National Council on Aging, as many as 10,000 baby boomers a day become eligible for Medicare, the health care insurance program for seniors. The primary program is called "Original Medicare," and it’s provided through the federal government.
The Financial Industry Regulatory Authority, better known by the acronym FINRA, is a private, not-for-profit corporation authorized by the government to ensure fairness in the securities industry. It does this by monitoring the activities of brokers and educating investors.
Do you ever feel like your only investment options are those that feel more like Vegas gambling than smart finance? Depending on your individual investment goals, it may be possible to accomplish it without filling your portfolio with riskier stocks.
Even when there are no significant changes to Medicare as a whole, your individual plan may have updates or changes. If you're enrolled in Medicare, you'll receive an Annual Notice of Change letting you know of any differences. It's important to read this thoroughly, so you know what's happening with your coverage.
If you cannot afford to pay your Medicare premiums and other medical costs, you may be able to get help on a state level. There are state-based programs available for people who are entitled to Medicare and are at a low-income level.
If you are thinking of making changes to your Medicare plan(s), we can review your current coverage, help you select a plan most favorable to you, and have everything in place and ready to go when the next enrollment period begins.
While financial plans typically spend the most time covering saving for retirement or college and ensuring you have adequate life insurance, it’s also important to consider your health insurance needs. Without a decent health insurance policy, you may find that one major illness or accident can wipe out your nest egg.
In the early 1960s, when a national study revealed that only 56% of those over the age of 65 were covered by health insurance, John F. Kennedy attempted to establish national health insurance but his efforts were unsuccessful.
Shopping for the best health insurance plan doesn’t necessarily mean choosing the one with the lowest monthly premium or the one you used before. Benefits can change significantly every year, as can your family’s needs.
It’s important to understand that financial planning is not a one-time event. Your financial plan needs to be revisited on a periodic basis so that you can adjust it to inevitable changes in income, expenses, and long term goals.
The sooner you visit a financial advisor and begin a savings plan, the more you can save for goals like weddings or retirement. For example, investing $200 a month at 5 percent for 10 years brings in $31,000. After 20 years, however, you have more than $83,000.
What’s the difference? The term “deductible” refers to a fixed amount you must pay before other medical expenses will be covered by Medicare. The term “copay” refers to a preset, fixed sum you pay each time you use a particular service.
While hospice care is designed to serve anyone who needs the services, almost 85% of all hospice patients are over the age of 65. As a result, Medicare typically covers many hospice expenses regardless of whether that care is provided at home or in a facility.
A financial advisor can help a client with regulating his or her daily expenses. An advisor can also provide informed investment advice especially when a client is dealing with large sums of money.
Do you have an older vehicle that is probably on its last legs? If so, a financial planner can see if your auto insurance is sufficient. In many cases, collision and comprehensive insurance is not necessary. Many people don’t know they can save up to 30 percent by dropping that coverage.
Lyndon B. Johnson was the third president to actively push for a national health insurance program to provide coverage for senior Americans. In 1965, he signed legislation establishing the Medicare insurance program.
Preventative care can help detect or prevent illness, such as mammogram services or flu shots. This helps keep you healthy and means less medical coverage, so many health insurance plans have specific provisions that completely cover preventative services and make them free.
Financial planning is designed to provide direction and strategic meaning to one’s financial decisions. Here, you will gain a solid understanding of how financial decisions made can affect the other areas of your financial structure so that you are able to make the best decision possible.
Solid financial planning involves growing your assets while protecting your current belongings and minimizing risks. Without meeting all three objectives, your financial house is incomplete.
If you aren’t self-employed, you may have noted the FICA deductions from your paycheck. Both employers and employees pay 1.45 percent of gross salary so that Part A of Medicare can be offered free to most seniors in the country.
Do you ever wonder what you can get for the kids or grandkids who always tell you they don't want anything for their birthday? Making a contribution - even a small one - to their college fund can be the gift that changes their life.
Medicare Part B insurance generally covers medically necessary services not otherwise covered under Part A as well as some preventative services. This can include ambulance services, mental health care, and durable medical equipment.
Did you know that with a proper financial plan, you can create a spending plan or budget that is tailored specifically to your financial goals? Other benefits of planning includes optimizing your cash flow to achieve maximum potential.
Are you familiar with your current net worth? A financial planner can examine your income and liabilities, and in addition to determining your net worth, can make recommendations based on the financial goals you want to reach.
Has Obamacare helped or hurt Medicare? That’s a frequent question. While Medicare has reduced the payment rates paid to providers, the overall costs associated with all forms of medical care have increased not declined.
Did you know that financial advisors help their clients invest in both long- and short-term goals? Financial advisors work with you to determine your goals and risk tolerance and recommend appropriate investments.
Lyndon B. Johnson was the third president to actively push for a national health insurance program to provide coverage for senior Americans. In 1965, he signed legislation establishing the Medicare insurance program.
Although your child could turn out to be a gifted athlete or academic who will have colleges throwing scholarships their way, there’s no way to know until it’s practically too late to start saving. If it’s important to you that your child not have to struggle to pay for college the way you did, we may be able to help you set up a college savings plan that works for your family.
So what exactly does Medicare hospital insurance (Part A) cover? In general, this coverage extends to hospital care, skilled nursing facility care, nursing home care (as long as custodial care isn’t the only care you need), hospice, and home health services.
While it may feel counterintuitive to put money in savings when you have credit card balances, building your emergency fund can help avoid further increasing your credit card debt.
In casual parlance, Medicare Part A provides coverage for inpatient treatment and care, whether these services are provided in a hospital, surgical center, skilled nursing care facility, hospice center or similar facility.
Medicare Part B insurance generally covers medically necessary services not otherwise covered under Part A as well as some preventative services. This can include ambulance services, mental health care, and durable medical equipment.
Did you know that with a proper financial plan, you can create a spending plan or budget that is tailored specifically to your financial goals? Other benefits of planning includes optimizing your cash flow to achieve maximum potential.
A financial advisor can be essential for helping a person minimize his tax liability. An expert financial advisor can let the tax season pass by for a client with minimal to no incident.
According to some experts, the reduced payment structure implemented under the Patient Protection and Affordable Care Act (Obamacare) is encouraging a growing number of doctors, hospitals, skilled nursing facilities and home health agencies to decline to serve those covered by Medicare.
It’s important to remember that financial planning isn’t just about growing your money, but also protecting it. Since the death of the family’s breadwinner can be a devastating blow, it’s smart to ensure you and your spouse have sufficient life insurance.
One of the most frequently asked questions is this: Can I continue to see my current doctor? The answer is yes, as long as your physician has been accepted by Medicare as an authorized healthcare provider.
9 out of 10 seniors have some form of supplemental Medicare insurance. These supplements include retiree health care programs sponsored by private employers, Medicaid plans for low-income seniors, and Medicare Advantage, Supplement and Medigap plans.
Did you know that there are 1,092,960 accountants and auditors in the United States? Of these, 95,490 work in New York, the state with more accountants than any other place in the country.
It’s important to understand that Medicaid and Medicare are actually two different programs. While Medicare is a federal program that mostly serves retired persons, Medicaid is a state-run program that provides coverage for low-income people.
It's difficult to assess your financial situation and set reasonable financial goals if you don't have a clear picture of your income and spending. A 2012 study concluded that 56 percent of adults do not have a budget.
Medicare insurance covers skilled nursing care provided in a skilled nursing facility. In addition to direct skilled nursing, some types of physical, occupational and speech therapies may be covered if they’re essential to meeting established health goals.
Medicare insurance is designed to provide coverage to senior Americans with a wide range of health and medical issues. The most recent studies, for example, indicate up to 30% of those covered suffered from some type of cognitive impairment.
Choosing the right financial adviser is one of the most important decisions you can make. Before you sign on the dotted line, meet your adviser in person and make sure both you and the adviser feel that your relationship “clicks.”
A financial advisor can be essential for helping a person minimize his tax liability. An expert financial advisor can let the tax season pass by for a client with minimal to no incident.
The birth of a child is a perfect time to revisit and reset your financial goals with a professional. It’s amazing how much money you can save with the help and advice of a financial planner over a fairly long period of time.
If you’re confused and overwhelmed by all the Medicare insurance options, you have lots of company. One consistent finding year after year is the majority of seniors are so perplexed by the system, most choose programs without understanding the financial consequences.
Not sure what type of premium/deductible balance to look for in a health insurance plan? The general rule of thumb is to choose a lower premium/higher deductible to save money immediately, or a higher premium/lower deductible if you want to be more financially prepared for unexpected medical expenses down the road.
401K plans are popular with employers because they switch much of the burden of retirement savings to the worker. To compensate, many employers match at least a percentage of the amount invested by the employee.
The Certified Financial Planner® (CFP®) designation is considered the gold standard in the financial services industry. To earn the designation, financial planners must display the high level of competency and ethics set by the Certified Financial Planner Board.
It’s important to understand that Medicaid and Medicare are actually two different programs. While Medicare is a federal program that mostly serves retired persons, Medicaid is a state-run program that provides coverage for low-income people.
Did you know that, under Medicare medical insurance, you may be eligible for nutrition therapy services? Generally, those who are eligible for this benefit have diabetes, have kidney disease, have had a kidney transplant in the past 36 months, or whose provider specifically referred them for the service.
If you suffer from an ailment or require surgery, a group policy gives you the chance to undergo these procedures, whereas an individual policy may not cover them.
The first step in planning your finances is to have a monthly budget that includes expenses, savings, and investments. By having a fixed budget in place, you can much better stick to your plan to ensure future success.
Let’s say paying college costs for two kids so they don’t have to take out loans is a financial goal. If you haven’t studied college costs and figured out a way to save, invest, and reach that figure, how can expect to help your kids? A financial planner can help you come up with a plan and then meet with you regularly to make sure you don’t stray from that plan.
When you enroll in Medicare medial insurance while you are still in a group health plan under a current employer, or it is during the first full month when you are no longer in that plan, your coverage will begin on the first day of the month you enroll. You can also choose for enrollment to occur on the first day of any of the following three months.
The birth of a child is a perfect time to revisit and reset your financial goals with a professional. It’s amazing how much money you can save with the help and advice of a financial planner over a fairly long period of time.
What’s the difference between group health insurance and individual health coverage? Group health coverage is often provided by a company as a perk to attract and retain employees. With individual health insurance you find the policy that best fits your situation and budget without having to pick from limited options offered by an employer.
Are you prepared for unexpected emergencies? A financial planner can make recommendations for insurance if you don’t have sufficient coverage. Auto insurance is a legal requirement, and if you are married, term life insurance is a must.
Having a financial plan is about more than picking investments or opening accounts. Your financial plan gives you a roadmap to the lifestyle and level of financial security you desire.
You have seven months to enroll in Medicare when you're turning 65: the three months before your birthday, the month of your birthday, and the three months afterward. Start early, so you can research all the different plans and options. A professional Medicare specialist can help you figure out the best choices for your needs.
There are several different issues and concerns that are addressed in a financial plan. Not only will you look at your investment portfolio and appropriateness of risk, but also other issues such as retirement, taxes, and estate planning.
Did you know that, under Medicare medical insurance, you may be eligible for nutrition therapy services? Generally, those who are eligible for this benefit have diabetes, have kidney disease, have had a kidney transplant in the past 36 months, or whose provider specifically referred them for the service.
Whenever you have make a significant life change – like getting married or having a child – it’s likely that your life insurance will no longer be adequate for your new situation. Let’s talk about what changes may be necessary to your current policy.
Do you want to continue going to a trusted physician after you acquire Medicare insurance? To make sure this care will be covered, we can help confirm your physician has been preapproved or accepted by Medicare.
It’s important to understand that financial planning is not a one-time thing. Having kids, getting a promotion, or losing a job are all reasons to re-examine and readjust your financial plan so that it fits your new circumstances.
Durable medical equipment, like a wheelchair, oxygen equipment, or a walker, can be extremely expensive. The good news is that, as long as you're enrolled in the right type of Medicare plan, this equipment can often be partly paid for by your Medicare coverage.
What’s the difference between group health insurance and individual health coverage? Group health coverage is often provided by a company as a perk to attract and retain employees. With individual health insurance you find the policy that best fits your situation and budget without having to pick from limited options offered by an employer.
Are you prepared for unexpected emergencies? A financial planner can make recommendations for insurance if you don’t have sufficient coverage. Auto insurance is a legal requirement, and if you are married, term life insurance is a must.
The three main designations for financial advisors are Certified Financial Planners (CFPs), Chartered Financial Consultants (ChFCs), and Certified Public Accountants (CPAs).
Home health care services such as physical therapy and occasional skilled nursing assistance are covered under Part A of Medicare as long as your doctor indicates you are home-bound, and the care you require is only part-time or occasional.
What happens if you lose your job, or have a significant reduction in your salary? If you have a financial planner, it’s possible to determine both the short-term and long-term impact of these types of financial events and how to revise your financial plan, if necessary.
Medicare insurance has actually impacted life expectancy rates in the United States. Before Medicare was enacted, life expectancy rates (compared to today) were eight years less for American men and five years less for women.
What does it mean when my employer’s insurance plan lists an 80 percent co-insurance rate? That is the amount that the insurer will pay for your insurance claims until you reach your out-of-pocket maximum. Often, co-insurance rates vary depending on the medical service provided.
There’s a misconception that you can only turn a profit in your investment account by putting your money in risky stocks. Let’s talk about the more conservative investment options that can provide a return without incurring so much risk.
Monitoring changes to Medicare regulations, requirements, and restrictions can be tedious and painstaking, especially for those who are not familiar with how the system works. That is where we can help.
In 2010, approximately 30% of private industry workers were not contributing to contribution plan, such as 401k. Less than half of all Americans have calculated how much money they will need to retire with. Start saving now; don’t wait until it’s too late.
In order to be eligible for Medicare under today’s laws, you must first have to be eligible for Social Security benefits. For someone over 65, this means you or your spouse must have worked at least 10 years with Social Security and Medicare Withholding taken from your pay.
Are you concerned that you won’t be able to see your family doctor anymore once you switch to a new health insurance plan? If you can find out which health insurance companies your doctor works with, we can help you find plans from those providers that could be right for you.
Part of financial planning is ensuring that the customer is protected in the event of accident, theft, or natural disaster. However, many people do not know that both flood and earthquake insurance policies must be purchased separately from homeowner’s insurance.
The three main designations for financial advisors are Certified Financial Planners (CFPs), Chartered Financial Consultants (ChFCs), and Certified Public Accountants (CPAs).
Your first meeting with a financial planner may feel like an interview. He or she will ask you a lot of questions about your life, plans, and goals to determine what types of investments or insurance you might need.
Medicare Part D is prescription drug coverage and, like Medicare Part C, is offered through private insurance agencies that have been approved by the Medicare system, ensuring quality service.
If you travel frequently outside the United States and have Medicare coverage, it's a good idea to discuss this with a Medicare specialist. Original Medicare plans generally don't cover foreign health care, but there are other plans that can pick up some or all of the tab if you have to receive medical care outside the country.
A financial advisor is a professional who provides financial services to individuals, businesses, and government entities. This can include advice regarding investments, various types of insurance, and mortgages.
Working with a financial planner can help you achieve some peace of mind. Having a plan to meet your retirement goals, for example, means that you can retire at the age of your choice and enjoy a comfortable lifestyle.
Monitoring changes to Medicare regulations, requirements, and restrictions can be tedious and painstaking, especially for those who are not familiar with how the system works. That is where we can help.
When private companies provide Medicare coverage, these plans are referred to as Part C Medicare Advantage programs. Typically, they provide everything covered in Medicare Parts A and B, plus they may offer additional coverage options.
If you're getting a small group health insurance plan, then the underwriting process will be a lot more tailored to your specific group. Often times, employees will be asked to provide information about themselves and any family members as part of the whole process.
When meeting a financial planner for the first time, ask him about his qualifications and experience. Ask about his philosophy of investing, what types of clients he typically works with, and what services he offers.
Check with a financial advisor on ways to save for college costs. One popular choice is a 529 plan, sponsored by individual states or universities. A 529 plan is an investment vehicle that can be used at any accredited college.
It’s important to understand that Medicare insurance covers services and supplies that are considered medically necessary to treat a disease or condition. These can include services like lab tests, surgeries, and doctor visits and supplies like wheelchairs and walkers.
Your first meeting with a financial planner may feel like an interview. He or she will ask you a lot of questions about your life, plans, and goals to determine what types of investments or insurance you might need.
While no one wants to think about a family member getting into a serious accident or falling ill, that’s precisely what you have to consider when buying health insurance. If you’re evaluating two plans that appear to fit your needs, remember to consider what your out-of-pocket costs will be in the event of an emergency situation.
In general, the riskier investments pay higher rates of return, while lower risk often brings a lower return. Let's look at ways to build your portfolio to provide maximum returns without maximum risk.
Although financial planning can seem like a daunting task, it’s really just an all-encompassing term for putting your financial house in order. This can include everything from planning for retirement to ensuring you have adequate life insurance.
So how is the Medicare insurance program financed in this country? Basically, the funding for this program comes from a portion of the payroll taxes paid by workers and their employers. It’s also partly financed by the monthly premiums deducted from Social Security checks.
A proper financial plan takes into consideration both the income and expenditure of a person or household. This is an important step, as it helps in choosing the right investment policy that will move you closer toward your goals.
When private companies provide Medicare coverage, these plans are referred to as Part C Medicare Advantage programs. Typically, they provide everything covered in Medicare Parts A and B, plus they may offer additional coverage options.
Albert Einstein once said that the greatest miracle known to man is "compound interest." However, he also said, "the hardest thing in the world to understand is the income tax."
Until 1982, hospice services weren’t covered by Medicare, and the initial coverage was provisional not permanent. In 1986, Congress established hospice as a permanent benefit and hospice are is offered to nursing home residents with terminal illnesses.
Setting specific and realistic financial goals is one of the best ways to handle finances properly, especially if you want to make investments or plan for retirement.
When you or your spouse are close to retirement, don't forget to consider the impact to your health care coverage. It may be a good idea to enroll in some types of optional Medicare coverage (like Part B, which includes a portion of outpatient hospital care and physical therapy) to replace coverage you used to get through your employer.
While no one wants to think about a family member getting into a serious accident or falling ill, that’s precisely what you have to consider when buying health insurance. If you’re evaluating two plans that appear to fit your needs, remember to consider what your out-of-pocket costs will be in the event of an emergency situation.
In general, the riskier investments pay higher rates of return, while lower risk often brings a lower return. Let's look at ways to build your portfolio to provide maximum returns without maximum risk.
If you're looking for a career that will be in demand through at least 2018, consider becoming a financial advisor. According to the Bureau of Labor Statistics, the ranks of advisors are expected to swell by 30 percent in just 10 years, ending in 2018.
The Medicare law was signed by President Lyndon B. Johnson in 1965 in Independence, Missouri. The first insurance card was issued to former President Harry Truman, who tried to pass a Medicare law 20 years earlier. About 19 million seniors signed up during Medicare’s first year.
There are tax advantages to participating in a 401k plan. The biggest benefit is that your contribution is not taxed as income on a federal level. In addition, this decreases your overall income tax being deducted from your pay.
There's a wide range of factors that can impact Original Medicare out-of-pocket costs. This includes whether you have Part A or B (most have both), whether your doctor accepts assignments, and the type of healthcare you need.
If you are a sole proprietor, group health insurance plans may be available, depending on the state where you conduct business. Our team of professionals understands the requirements for every state, and can tell you what options are available.
While some people love the idea of researching different stocks and the financial statements of publicly traded companies, we understand that this isn’t everyone’s cup of tea. When you need a knowledge shortcut to help you along the financial planning path, we’re here for you?
“Part of my training was learning how to refer patients to [specialists] … Given that most physicians were trained this way, it’s no wonder the average Medicare patient has six doctors and is on five different medications.” Mark Hyman, M.D.
Want to leave a lasting legacy to your beloved alma mater or a favorite charity? Ask your financial planner about charitable gifting through insurance. Certain strategies allow you to use your life insurance policy to fund these important gifts.
When it comes to Medicare medical insurance, the earlier you enroll, the less expensive it will be. In fact, your monthly premium will increase by 10 percent for each 12-month period that you were eligible for but did not enroll in the coverage.
Medicare Part A is essentially hospital insurance, and it covers stays in hospitals or skilled nursing facilities; it also provides coverage for hospice care and certain types of home health care.
While it's easy to simply put away a little bit of money each month, we can help you come up with a much more detailed and effective savings plan. Whatever you are saving for, we can almost guarantee that there's a faster way to reach your goal.
If you're looking for a career that will be in demand through at least 2018, consider becoming a financial advisor. According to the Bureau of Labor Statistics, the ranks of advisors are expected to swell by 30 percent in just 10 years, ending in 2018.
Each year, you will receive an Evidence of Coverage (EOC) notification and an Annual Notice of Change (ANOC); these detail the coverage you have and any changes that may take place. We can review these with you to locate any problems to address.
Having your health insurance policy cancelled because it no longer meets federal standards can be a frustrating experience. Let us help you have a better experience by helping you choose and enroll a new plan that will meet all your needs.
One of the benefits of financial planning is that it provides direction and discipline for all of your important decisions. The financial planning process is designed to integrate your resources with your lifetime goals and objectives.
Did you know that the most important reason people hire a financial advisor is to help with their retirement planning? A financial advisor can help forecast future economic trends, decide how and where to invest, and determine how you should budget appropriately.
“Part of my training was learning how to refer patients to [specialists] … Given that most physicians were trained this way, it’s no wonder the average Medicare patient has six doctors and is on five different medications.” Mark Hyman, M.D.
Want to leave a lasting legacy to your beloved alma mater or a favorite charity? Ask your financial planner about charitable gifting through insurance. Certain strategies allow you to use your life insurance policy to fund these important gifts.
