Category Archives: News & Views Magazine

Is a Life Settlement in your future?

What can a person, or business, do if they own a life insurance policy and no longer need or cannot pay for the policy?   Did you know: approximately 90% of all life insurance policies issued lapse before paying a claim.  A policy can lapse because premiums are not paid or term life insurance ends…
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Controlling Out of Pocket Expenses

Higher insurance deductibles!  Higher co-insurance!! More out of pocket expense!!!  What can a person do to control their out of pocket expense? To be clear, first, a person is best served by having a good medical or Medicare health plan.  In addition, some people purchase supplemental policies to pay “extra benefits” to help cover deductibles…
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This Fall People Under and Over Age 65 May Make Changes in Health Plans 

New Medicare Changes and Benefits This fall season will be an active time period for most people who do not have employer sponsored group insurance.  People who buy Medicare Plans, including Medicare Advantage Plans (MA), Medicare Drug Plans and Medicare Supplements have an annual enrollment period (AEP) to make changes.  Some people may move from…
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Denied Claims – Don’t Give Up

Denied Insurance Claims Last month’s column focused on the need to protect one’s earnings with disability insurance during the income producing years; and long term care (LTC) coverage to protect one’s nest egg during the retirement years.  Even though a person may have disability or LTC insurance, the definitions, exclusions, limitations and benefits will determine…
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Do We Need Long Term Care Protection?

Long Term Health Care Insurance In most age groups, the likelihood of disability ‐ being incapacitated due to illness or accident ‐ is greater than the likelihood of death.  For younger people, disability insurance, often provided by employers, is used to protect their greatest asset: the ability to earn an income. For a retiree, Long Term Care Insurance (LTC) is…
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Protection From Nursing Home Impoverishment

Nursing Home Costs and How To Protect Yourself From Them This is interesting: How much did you earn, or will you earn in your lifetime?  Most people work 40 hours (or more) per week, 50 weeks per year, for 40 or more years.   That totals at least 80,000 hour of work in a lifetime. …
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Could This Happen to You?

Could You Need Disability Social Security? It’s late at night, you’re alone and driving home.  You’re tired, but still have a couple miles to go.   At last, you’re about a half mile from home.  You relax and fall asleep at the wheel.  You go off the road waking up when you’re going over some…
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Protect your Assets and Your Access to Quality Long Term Care

Do You Need LTC Insurance? People work hard to save for their “golden years”. However, once the golden years are reached, one serious health event may cause a person to spend their life savings on long term care (LTC). How much? Currently the average cost of a one year nursing home stay in the Peoria…
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Protect your Assets and Your Access to Quality Long Term Care

People work hard to save for their “golden years”. However, once the golden years are reached, one serious health event may cause a person to spend their life savings on long term care (LTC). How much? Currently the average cost of a one year nursing home stay in the Peoria Area is between $60,000 and…
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Obamacare: Questions and Confusion

What are your questions and concerns about the Affordable Healthcare Act (Obamacare)?   The end of open enrollment for ACA (Obamacare) health insurance plans is February 15th.  To make a statement that everyone totally understands these insurance plans, how the tax credits (or subsidies), and the cost sharing work would be absurd.  So, this column…
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