Why Health Insurers are canceling health plans due to Obamacare
As the Affordable Care Act (ACA) settles in it has been come increasingly clear that not everybody will be able to keep their plan. The reason why health insurers are canceling health plans, if one was to a little digging, is really simple.
Due the ACA or Obabacare there have been specific mandates in what is needed to be offered in every health plan in terms of what is provided as coverage and some of these specifics can found on pages 36 through 38 of the actual law (if somebody just read this before they voted to pass it things may have been different).Read more
Divorce Settlements and Medicare – by Robert Klein
- financial planning, Health, Health Care, Healthcare, Medicare, Retirement, Social Security, Tax Preparing
One of the most overlooked concessions or negotiations in a divorce, depending on how you look at it, is what to do about healthcare. Sure your attorney and your ex-spouse’s attorney may have negotiated a settlement where one of you has to provide the health insurance for other. This is especially common when there are minor children or even adult children up to age 26.Read more
Obamacare will be great for the economy, but unfortunately it may not be for you
- Employee health insurance, Employer. Corporations, Health, Health Care, Manufacturing, Medicare, Obamacare, Presidential Budget, Retirement, Social Security, Taxes, Unemployment
Obamacare will be great for the economy, but unfortunately it may not be for you. Believe or not the way Obamacare has been designed the potential for overall economic growth be can achieved, however when it comes to you that won’t be the case.
Believe it?Read more
Something your financial advisor won’t tell you: your Social Security benefit will be lower than you think.
- financial advisors, financial planning, financial plans, Health Care, Healthcare, Medicare Modernization Act, Retirement, Social Security
The buzz in the financial industry is all about Social Security; there are seminars daily on the subject, software programs by the dozens that help people plan for it, and whole practices that are designing themselves around it to build a better retirement for you. However, what is the one little thing that every financial professional seems to forget?
The expenses!Read more
California driver’s license for illegal immigrants = health costs for free
According to a San Jose Mercury News report on October 3 “Gov. Jerry Brown Thursday signed legislation that restores the privilege of obtaining driver’s licenses by illegal immigrants” and the reason why Governor Brown passed this legislation, according to Mercury News, is because this “bill will make California’s roadways safer by requiring that newly licensed motorists obtain insurance and take roadway safety courses.”
Now, that may be the case and the case may be that California is looking to create even more revenue from those road tests illegal immigrants will have to take, more revenue from all of those licensing fee illegal immigrants will have to pay and quite possibly even more revenue from the sale of all of the vehicles by said illegal immigrants can now buy without scrunity, but could be there also be another reason?Read more
Medical Expense Deduction: “The lost opportunity in retirement”
- Health, Health Care, Healthcare, Medicare, Retirement, Social Security, Tax Preparing, Taxes
I’m reminded of one of my favorite television shows when I think of the cost of health care in retirement. Jeopardy began in 1964 and the idea has always been to answer a question in the form of a question. So today’s question goes like this: What is the amount of deductions that Americans failed to take advantage of in the year 2011? The answer: What is $100 billion dollars Alex, (referring to host Alex Trebek.)
$100 BillionRead more
While you are looking at Obamacare, something else just happened to your retirement
- Health, Health Care, Healthcare, Medicare, Medicare Modernization Act, MMA, Obamacare, Presidential Budget, Social Security
While you are looking at Obamacare, something else just happened to your retirement. Instead of trying to decipher what may happen to investors, the real problem is is what will happen to investors in the future due to legislation that has already been implemented well before Obamacare was even thought of.
There are 3 key pieces of legislation that have to be understood in order to properly plan for retirement: (more…)Read more
Mind Share: How Fidelity created it by marketing to its own competition
Mind share (as defined by Dicitionary.com) is the level of awareness in the minds of consumers that a particular product commands.
In other words, when Sally wants a tissue, she thinks Kleenex. When Joe wants a drink at the bar, he orders Bacardi and Coke, not rum and cola.
Let’s relate this concept to healthcare costs in retirement.
Survey after survey has highlighted that one of the greatest concerns investors have today is how they will fund their healthcare when they retire.Read more
Closing of the Donut Hole
With Medicare’s enrollment period happening there has been many discussions on the “Donut Hole” and the effective closing of it over time due to the new “Patient Protection and Affordable Care Act (PPACA)”. This one act has effectively closed the drug […]Read more
Tier 4 Drugs
Finally, the mainstream media is starting to react to the impending Medicare crisis, as more retirees are discovering that worrying about healthcare costs doesn’t stop at age 65. In fact, it is only the beginning once Tier 4 drugs are noticed. A few months […]Read more