Personal Finance Autos Credit Cards Retirement Mortgages Insurance Financial Planning
April 12, 2017 - Affordable Individual Health Insurance
New Coverage Options Coming for People Who Can’t Afford Obamacare By eHealth
Health insurance is expensive and it keeps getting more costly every year.
Data recently published by eHealth show that the average cost of coverage for individuals who don’t get Obamacare subsidies has increased 99% since 2013, the year before major provisions of the Affordable Care Act (the “ACA” or “Obamacare”) came into effect. For the first two months of the 2017 Obamacare open enrollment period, the average monthly health insurance premium for individual coverage was $393!
If you’re not getting government subsidies to help cover your monthly premiums, you may find yourself in a tough position as costs continue to climb. Where can you turn for coverage?
Suggested insurance packages are coming to eHealth
In order to help people who just cannot afford to keep themselves insured under an Obamacare-compliant health insurance plan, eHealth is planning to roll out new suggested packages of insurance products this year to provide some level of protection to people without Obamacare plans.
What do we mean by suggested packages of insurance? A suggested insurance package is comprised of two or more separate insurance policies which can work well together and provide you with more comprehensive coverage than you would have with just one of them.
Really, it’s not a new idea. People have been combining coverage from separate policies for years on their own, but eHealth plans to help shoppers by making it easier for them to find and apply for packages of complementary policies.
New suggested insurance packages coming to eHealth may include the following types of coverage:
Short-term health insurance – Short-term health insurance provides you with a limited, temporary layer of protection in case of unexpected accidents or illness. It generally does not provide coverage for pre-existing medical conditions or preventive care, but it can put a limit to your financial liability in case of serious, unforeseeable medical bills.
Supplemental insurance – Supplemental insurance may provide you with a cash payout in case of a qualifying injury or serious medical diagnosis. You can typically use payments from supplemental insurance however you want – for example, to help pay for your medical deductibles (from your short-term or major medical insurance) or for anything else you want (such as your rent or mortgage while you’re in the hospital).
Dental insurance – Dental insurance provides you with a set of specific dental benefits during the year or within another time period.
Vision insurance – Like dental insurance, vision insurance typically provides you with specific benefits for vision correction and care, generally within certain limits each year (or another time period).
Telemedicine access – Telemedicine allows you to get personal medical help or advice from authorized professionals by phone, tablet, or other devices, with most plans providing service 24 hours per day.
Rx discount plan – Prescription drug discount plans provide you with discounts on many drugs when you buy them from participating pharmacies.
Identify theft monitoring, legal support, tax advice, etc. – Additional benefits such as these may be available as part of suggested insurance packages.
The products available in a suggested insurance package may vary by state or locality. What you need to know before you consider one of these products
We’ll be the first to tell you that a major medical Obamacare health insurance plan is your best bet if you want comprehensive protection from health care costs for yourself and your family. You should only consider a bundled insurance package as an additional layer of protection when you simply cannot afford to buy major medical coverage at all or when you do not qualify to apply for major medical coverage.
You’ll need to know that going without Obamacare-compliant health insurance for more than two consecutive months within a calendar year can make you subject to a tax penalty on your federal taxes. None of the products included in a bundled insurance package will protect you from the Obamacare tax penalty.
Additionally, you should know that while many of the products described above are open to all applicants, it is possible to be turned down for coverage. For example, most short-term health insurance plans can exclude you due to your personal medical history or the presence of a pre-existing medical condition. Each insurance product in a suggested package is actually a product that can be bought on its own, so you may qualify for some but not all of the products in a suggested package. Not all the products in a suggested package are necessarily from the same insurance company, and you are not required to buy all the products in a suggested package together.
If you’re interested in more affordable coverage and you want to learn more about your options, visit eHealth today or talk with one of our licensed health insurance agents.
March 17, 2016 - Best States to Spend Your Retirement
Do You Live in One of the Worst States for Retirement? By The Street
What will you want out of your retirement?
It's really never too soon to start asking that question, or to start figuring out where you'll make those dreams come true.
For most Americans, eight key factors combine to make up the perfect retirement destination. First and foremost, they want a place with low costs of living so that their savings and Social Security will go further. (Sorry Manhattanites... you may not be bringing them in by droves.)
Retirees also worry about the local costs of health care and the crime rates, as well as just the overall well-being of senior citizens in the area.
They'd like to know how much there will be to do once they arrive, how nice the weather is and whether their taxes will go up. Finally, looking for a sense of community, an increasing number of people would like to know how many other retirees will live nearby.
To figure out the states which solve these problems best, Bankrate crunched the numbers on these eight factors and came up with a list: the states ranked from worst to first in terms of retirement.
So, what's the best place in America in which to retire? Where should seniors flee?
The potato state has two big things going for it when it comes to retirement: one of the best costs of living in the country and a next-to-nothing crime rate.
Making retirement dollars stretch farther is becoming increasingly important for senior citizens, and is going to be absolutely critical for the coming generation. States that can help make that happen should be on absolutely everybody's radar.
Like Maine, Wisconsin's place in the top ten is anchored by its quality of health care. The second best ranking in the country meets a middling cost of living and great well-being to create one of the most attractive states in the country for retirement.
All isn't entirely roses, they have one of the worst rankings for local taxes, but seniors who don't mind the winters may well want to consider a future in Madison.
After all, who wouldn't want to cheer on the Badgers in their golden years?
8. South Dakota
Not many people would have picked South Dakota, by some measures the scientifically official "middle of nowhere," as a retirement destination.
Those people would be wrong, but that's okay. That just leaves more South Dakota for the rest of us.
Already featuring state parks galore, not to mention an increasingly booming city in Sioux Falls, South Dakota decided to double down on all that with one of the best local tax rates in the country.
One surprise though? The state ranks 26 in cost of living.
Taxachusetts earns its nickname in Bankrate's findings. With some of the highest costs of living and the highest local tax rates, this is not a destination for seniors looking to stretch their savings.
For those with a bit of extra money though, Massachusetts might be just the place!
Boasting great health care, great well-being and just a ton of culture and generally "fun" things to do, Massachusetts is a fantastic place to really enjoy your retirement… as long as you can afford it.
A solid member of the Top 10, Virginia doesn't do anything outstandingly, but it does everything pretty darn well. A good cost of living meets weather that's fine. Taxes are low but not rock bottom; well-being is best described as "content."
Really the only thing that stands out about Virginia's ranking is its crime, fifth from the best in the country. At the same time though, keep in mind that they also have one of the lowest populations of other seniors in the country.
Not great news for people looking for other retirees to hang out with, although it might be just the ticket for someone who wants to stay surrounded with youthful energy!
Two things launch Minnesota to the Top 10 of this list, and neither is the weather. This northern Midwestern state both borders Lake Superior and holds more than 10,000 individual lakes inside its borders.
The result is a paradise for outdoors types, or those who've always wanted that waterfront cottage, but for everyone else the winters might get very, very long.
The Twin Cities state makes up for it, though, with outstanding health care and a lot of culture and activities for seniors. Those winters might get cold, but who can notice it when they have a full dance card and the knees to keep up with it?
Why not move to Iowa?
It's not the best sales pitch, but the numbers in this Midwestern farm-belt state speak for themselves.
With a great cost of living, as well as outstanding health care quality and overall well-being, not to mention the most crooked street in the world, Iowa takes a very solid fourth place on this list.
Maine doesn't entirely deserve its reputation as a trackless wilderness. Certainly the farther north you go, the less interested this state gets in the trappings of civilization, but places like Bangor, Augusta and Portland are positively bustling.
For those who can afford it, Kennebunkport is practically one big seaside villa, all of which contributes to Maine's third place on this list.
What really clinched it though were three factors: according to Bankrate's findings, Maine has some of the best health care quality in the entire country and the second best numbers for crime and senior citizen populations.
All that means moving to Maine might be in the cards.
Few of the best places on this list would fit the traditional retirement model of fun in the sun and golden, relaxed days.
Second place Colorado does. With winters that average a relatively balmy 45 degrees and forgiving snow- and rainfall, the state largely stays open all year round. This makes a nice change from many of Colorado's northern colleagues on this list, which shut up tight four to six months out of the year.
Throw in a great culture and high well-being, and you have an excellent place to retire.
1. New Hampshire
The Granite State is officially the best place in America to retire.
Now, oddly enough for taking first place, New Hampshire is actually among the worst for two important factors. The cost of living is not great (ranked 40th), and the weather is kind of lousy too.
Of course anyone who is surprised about New Hampshire's winters probably deserves what they get.
The state makes up for this by taking high marks in just about every other area. Health care is great, crime is low, so are the taxes, and people report lots of stuff to do. So retirees looking for a home, you may have found it.
Betterment - Investing Made Better
CNBC's Top 50 Disruptors List
Betterment is the smarter automated investing service that provides optimized investment returns for individual, IRA, Roth IRA & rollover 401(k) accounts.
Financial Software and Online Wealth Management from Personal Capital
Take control of your money now with Personal Capital. Manage assets and investments, get objective advice and strategies, all in one place.
Invest2Success Investment Advisory Stock Picks
Free Trial - Receive daily low-risk high-reward SP500 NYSE Nasdaq buy-long and short-sell stock picks that are experiencing strong increasing and decreasing earnings, that include buy sell entry, stop-loss, take profit area price targets, and trade management information to your email inbox.
Stock Option Forex Futures Training Seminars Webinars Workshops
Click Here For The Complete 2017 Schedule
Professional investors traders teaching successful low-risk high-reward
trade strategies. Power profit secrets for stocks, options, forex, futures
investing trading success. Or avail of Home Study Courses and or
Trading Softwares available to improve your investment returns.