Archive for the Life & Health Category

Medicare Part B Premiums Increasing in 2014 247%?

There is an email circulating that claims Medicare Part B premiums will increase 247% in 2014 to $247 from the present rate of $99.90. According to the AARP website and others, this is a myth that has been circulating since 2010. A little background: Medicare is federal health insurance for those age 65 and older (and others… Read More »

Health Insurance Issues for the Elderly

Why this topic is so important. For individuals in the later years of life, health insurance and health related costs are often one of the largest expenses. It is critical that you consider and plan for these expenses and that you become aware of the details of your options. In addition, as a voter you should… Read More »

Long Term Care Planning

The odds of a person needing long-term care when they are older depends upon a number of factors, some reports say that the odds of someone needing nursing home care are over 50% for those 65 or older. A 2007 USA Today article said that 7.4% of Americans aged 75 and older are in nursing homes in… Read More »

HSA, MSA, HRA and FSA Medical Accounts

HSA, MSA, HRA and FSA Medical Accounts Health Savings Accounts, Medical Savings Accounts, Health Reimbursement Arrangement, and Flexible Savings Accounts are all special accounts that may be offered or provided to you by your employer. They offer the ability for you and your employer to pay for some benefits with ‘tax-advantaged’ dollars. This means that your… Read More »

Stranger Owned Life Insurance

The Wall Street Journal reported today, that a Federal judge has ruled for Prudential Financial Inc. allowing them to void a $10,000,000 Stranger Owned Life Insurance policy. Surprisingly Prudential is also allowed to keep over $600,000 in premiums. This is huge blow to investors, because many sellers of these products believed that if cases like this were lost, at… Read More »