Count on the government to name laws in misleading ways. For example, the so-called Affordable Care Act (ACA, also known as Obamacare). Before the ACA was enacted, our family had good coverage at a reasonable cost. Then came ACA, and President Obama pledged to the public, “If you like your health care plan, you’ll be […]
Have you ever considered if the inconvenience of carrying an umbrella is worth it and decided to take one just to get Murphy’s Law to prevent rain? I know I have, more than once… The minor inconvenience is a small price to pay to avoid getting soaked. What’s Umbrella Insurance? What Does It Cover and […]
There are seven cases when life insurance benefits can be taxed, but a workaround may be possible for at least one case. It’s not a fun topic, but you need life insurance if anyone depends on you being around. Entire volumes can and have been written about what type of life insurance is best in […]
Life is very unpredictable as we know it, and no one wants to dwell on the possibility of an untimely death. However, it is essential to plan for the unexpected and protect our loved ones financially when we decide to accept dependents into our lives. While GoFundMe campaigns can provide temporary relief during difficult times, relying […]
Most people envision retirement as a relaxing and enjoyable time spent pursuing long-held dreams and hobbies. In the excitement of retirement planning, it’s easy to set aside thoughts of how poor health or an unexpected medical emergency might impact your plans. Specifically, your retirement nest egg could take a huge hit if you haven’t prepared […]
Pet insurance offers financial protection from unexpected costs related to accidents and illnesses with your furry family member. The coverage can be customizable, but that also means premiums can be high and insurable events might be limited in scope. More companies now offer pet insurance as a perk which can make it a worthwhile add-on […]
PACE provides healthcare services to frail seniors not covered by Medicare. It’s an alternative that allows seniors to stay in their homes. One of the biggest Medicare myths is that the program covers long-term nursing care. But that’s not the case. Medicare only pays for short-term stays in a skilled nursing facility (SNF). If this […]
How much life insurance do you need? It depends on a number of factors, including your expenses, your spouse’s income, and the age of your children. The purpose of life insurance is to ensure your family and loved ones are financially secure after you die. If you have a family and you don’t have a […]
A couple of years ago, a friend asked me if I had long-term care insurance (LTCi). Since both of us are self-employed and closer to 60 than 50, it wasn’t just idle curiosity on his part. Neither of us has employer-sponsored coverage to help our families cope with the financial fallout if we suddenly lose […]