Review Category : Healthcare

The Rules For Retirement Are Changing And You Better Be Listening

I am sure you have heard that phrase from many financial professionals over the years.  This time I want you to really hear it THE RULES FOR RETIREMENT ARE CHANGING!!  Hopefully I have your attention now because what I am about to tell you will scare the hell out of you.  Whether you are in your 40s or 50s you have been hearing that you need to save for retirement in traditional vehicles such as 401ks, IRAs, and sometimes someone mentions Roth IRA.  The reason you are told this is because of the tax deferral and the amount of money you can grow your nest egg for retirement. If you are a business owner or an employee of a company what I am about to say is a very bold statement and I will take heat for it.  Your investment guy, your Certified Financial Planner™, your insurance representative, your CPA, your estate planning attorney and anyone in between I believe ...

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Will Big Insurance Companies Need A Financial Bailout?

With the deadline looming right around the corner on January 31st to sign up for health care coverage through open enrollment, many people are being hit with sticker shock on what it will cost to carry individual insurance. While it was bandied about that costs would go down when the Obamacare system rolled out, individuals and families across small businesses and large corporation are continuing to see their premiums spike. United Healthcare recently announced http://cnnmon.ie/1lHDU41 that they could lose 1 billion dollars through Obamacare from actual results in 2015 and projected losses in 2016. So, will big insurance companies ultimately need a bailout? The first question revolves around the pressure being put on the system. Why are premiums continuing to go up? There are more people in the system- There are so many different reports on exactly how many of the uninsured actually got insurance, but what we do know is that nobody can be denied coverage. Many of those who were uninsured had serious ...

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How Can A Ganjapreneur Get Life Insurance?

So, what the heck is a ‘ganjapreneur’ anyway?   If you have nothing great to do for a few hours and want to laugh out loud in a real way besides what you write on a text message, take a gander here http://www.ganjapreneur.com/marijuana-slang/ where you can see just about any marijuana slang you could ever imagine.  Ganja, is classically defined as another widely-accepted name for cannabis. The term ganja is often attributed to Rastafarian culture, but it is in fact the Hindi word for hemp, introduced to Jamaica by Indian indentured servants. Lately, its usage in western society has become incredibly mainstream and, in some cases, grossly over-commercialized.  Thus, the ever increasing ganjapreneur are those that start business in, on, or around the substance known as marijuana. As somebody who deals in life insurance, your first instinct is to tell yourself that nobody who smokes marijuana or even remotely puts it in his or her body is ever going to have ...

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Be Careful About The Rules Around Saving For Healthcare

With so many changes happening with our tax code every year, it is really important that you sit down and review how this will affect your family finances. As 2015, approaches us, one tax issue that could affect your family center around the changes intertwined with Flexible Spending Accounts (FSA’s) and Health Savings Accounts (HSA’s). In many prior years, traditionally FSA’s were you use it or you lose it plans if the money is not spend by year-end. Since 2013, you were allowed to roll money over from the prior year and carry it forward into the current. However, going into 2015 there is a BIG twist that you should consider before the 2014 year is over. If you elect to carry forward the $500 in your FSA plan from 2014 into 2015, you will immediately become ineligible to participate in a Health Savings Account for 2015. This is true for the entire calendar year. So, if you opted to ...

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