Money can be used to transfer risk by purchasing insurance. The proper types and sufficient amounts of insurance coverage prevent financial devastation for you and your family in the event of expensive health care, disability, death, damage to home and property, or lawsuits.
When it comes to the latest identity theft scam, the number in question is your Social Security number. Once they have that, the thievery begins.
Most Americans can enroll in Medicare Parts A and B at age 65, regardless of whether they're still working or not. However, many workers with employer health benefits may not need to. Here's a quick guide to determine if you'll need to sign up for Medicare at 65, or if your other health insurance is sufficient until you retire.
You can freeze your credit report to reduce the risk of identity theft. Learn when to request a credit report freeze and the implications of doing so.
If you want to buy term life insurance, you’ve got a few options. You could work with an agent in your area if you’d prefer a face-to-face interaction, or you can buy online if you prefer the convenience.
Nearly four in 10 Americans who have auto insurance haven't re-shopped to compare prices in at least three years, according to a new report from NerdWallet.com. For a good driver, that misstep amounts to an average loss of $416.52 per year.
AARP's fraud prevention team helps stop these top scams of 2017. Check out our ultimate guide to learn more.
Is a life insurance settlement a source of needed retirement cash? It might be. Before you make that decision, beware of the risks and costs.
Your credit isn't the only part of your life getting scored. The Medical Information Bureau (MIB) provides your health history to life and health insurance companies. Find out what's in your file.
Instant, accurate rates with easy online access, backed by personalized service when you need it.
Thirty percent of beneficiaries are paying more for Medicare Part B premiums and all beneficiaries are subject to higher deductibles.
The cards still display Social Security numbers, and that won't change for a couple more years. Here's a workaround.
Since life insurance benefits are free from income taxes, they can be a way to accumulate savings without paying taxes. Some policies allow you to access a portion of your accumulated benefit prior to death, which is how they can act as a source of retirement income.
Previously, to use a DAPT a person had to transfer assets to an out-of-state trustee in a jurisdiction such as Delaware, Alaska or Nevada. Now, assets will be able to be transferred to a person residing in Michigan, such as a family member or a Michigan corporate or professional trustee.
A story about a motorcycle accident and how having short-term disability insurance and a "search and rescue" policy saved the day. And wallet.
“Disability insurance is one of the less-talked-about types of insurance, but from a financial planning standpoint, protecting one’s income is critical,” says Peter Creedon, a certified financial planner in New York City.
You may have artwork, a collection of wine, expensive jewelry, collectibles on the shelves of your vacation cottage, and other high-value assets that will not be covered under traditional policies. Learn more about these and other risks.
In addition to not investing enough for retirement, many have not calculated how much health care will cost.
Lemonade has created a new model for renters and homeowners insurance. It is both simple and transparent.
An HSA-compatible FSA (Flexible Spending Account) can be used tax-free ONLY for dental and vision expenses until the HSA (Health Savings Account) deductible is reached.
Despite the Affordable Care Act – and in some ways because of it – offering a traditional group health plan has become prohibitively expensive for many smaller employers. An HRA might be a more affordable option that offers greater flexibility.
If you're a renter, here's how to find the best protection for your apartment or home.
Long-term care can cost thousands of dollars per month. Can you afford it?
Many Americans rely on employer-provided health insurance. What happens when you get laid off from work? Here are a few options.
Your health is more important than your health care or health insurance. Having said that, Joshua Sheats takes you on a journey through the confusing world of health insurance.
The Health Insurance Series, Part 2: Why Joshua Sheats is opposed to Obamacare (And will probably be opposed to Trumpcare when it comes along)
In this episode, Joshua Sheats discusses the Premium Tax Credit. The Premium Tax Credit is available for those whose income is between 100% and 400% of the Federal Poverty Level who purchase their health insurance through a government-run marketplace. The dollar amounts involved can be substantial if you're in that range.
One of the major burdens that the passage of the Affordable Care Act placed upon us is that we are required by law to maintain health insurance coverage. Or, if we don't, we have to pay a tax penalty. But, as with most taxes, the Obamacare tax penalty is, in some ways, optional. In today's show, Joshua teaches you how to escape it! He covers: • How to calculate the tax penalty • What happens if you don't pay the penalty • All of the exemptions that you can qualify for
In this episode, Joshua Sheats tells you why he doesn't have health insurance. He also shares what his family does instead. He continues his health insurance series with a discussion of Christian Health Care Sharing Ministries. You'll discover that if you're a participant in an approved organization, you qualify for an exemption to the Obamacare tax penalty (for not having health insurance). Personally, I love the concept of these organizations and I have nothing but good things to say about my experience with Samaritan Ministries (which is the one that my family participates in). In today's show I give you a background of these companies and my own experience and opinion of them. There are 5 major options for you: 1. Samaritan Ministries http://samaritanministries.org/ 2. Christian Healthcare Ministries http://www.chministries.org/ 3. Medishare – Christian Care Ministry https://mychristiancare.org/medi-share/ 4. Liberty Health Share http://www.libertyhealthshare.org/ 5. Altrua Health Share http://altruahealthshare.org/
I missed a couple of important points on the previous show on Health Care Sharing Ministries (HCSMs). Today we wrap those points up with a quick discussion of: catastrophic protection deductibility HSA compliance pre-existing conditions We also discuss: Self-Insurance Direct Primary Care/Concierge Care Catastrophic Coverage Dread Disease/Critical Illness Insurance Doctors on Call