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Nearly 40 percent of Americans have delayed or skipped necessary medical care in the past year because they couldn’t afford it. How do we stack up to other developed countries? Dead last. Even t...
A multinational that promises to relieve customers facing stressful situations refused to pay after two relatives passed away. Europ Assistance Australia recently declined to reimburse more than $6800...
Spouse passed unexpectedly a couple weeks ago. I am 61 and utterly lost about how to handle insurance. I have never worked and do not have employer options. Should I be applying for 2023 coverage thro...
I (M66) am retired. My spouse (F65) is winding down her business and will basically be retired after the first of the year. Between Social Security and savings we have enough to live on in a reasonabl...
The insurance broker sent us an estimate of policy cost and maximum benefits. I asked for information on price increases over the past several years so that I could get a feel for what to expect. He t...
Hi, Im getting ready to retire early. My parents have passed but they both needed to move to an assisted living facility toward the end, and fortunately they both had LTC policies that we could tap in...
So hubby just turned 65 and we are comparing Medicare options...the coverage he will have through my employer includes a robust and financially reasonable Medicare advantage plan, but it doesn't inclu...
Life insurance is a frequently overlooked component of retirement planning for various reasons: Some people may already have life insurance in place and think the policy they set up years ago still me...
[Editor's Note: Deadline alert! Thursday, October 12 is the last day you can register early for the best medical conference of the year and save hundreds of dollars while doing it. WCI started the Phy...
Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators....
May 31, 2023 — Condo boards in Florida are reeling from a one-two punch. Quotes for insurance renewals are literally through the roof, and that is if the condo association can get coverage at al...
What is the trick to getting a good rate and what happens if you’re not insurable? submitted by /u/Americantruther2023[visit reddit] [comments]...
I named my two adult daughters as beneficiaries to my bank account (I'm a widower) and my FDIC insurance coverage went to $500k. You can name up to 5 beneficiaries and it will go to $1,250K coverage. ...
Senator Elizabeth Warren is right about the costs of Medigap plans, but that's only part of the story....
News came last Friday that Silicon Valley Bank was taken over by the FDIC after it had a bank run. Silicon Valley Bank was the 16th largest bank in the country with over $200 billion in assets. Such a...
Biden’s package, which the White House previewed yesterday, combines cost savings with tax increases....
I funded my Roth IRA for 2022 back in January 2022. Can I take that money out? And then add it to my traditional IRA? How does Vanguard know that I'm taking the money out for 2022 so that I can put th...
By Stacey Ritzen, WCI Contributor No one wants to think about the worst-case scenario, the event that a traumatic illness or injury robs us of our ability to work and perform basic household duties. B...
Long-term care insurance can be confusing at times, so here are some insights about premium increases, when you can use your benefits and other issues....
By Dr. James M. Dahle, WCI Founder Dear Insurance Agent, Both in the real and the online world, I have had the opportunity to interact with dozens of you. The vast majority of those encounters have be...
Any good deals (ha-ha!) for dental and vision insurance for senior citizens? I'll be taking early retirement from my job on 31 March and will turn 65 in September. I do not want to retire, but I live ...
About one out of every five Latinx workers in this country lacks health insurance. The uninsured ratio rises to one in four in the states that have chosen not to expand their Medicaid programs to more...
This week, the newsletter features the last episode of theRetirement Rebootcast –the special podcast series on my new book –Retirement Reboot: Commonsense Financial Strategies for Getting ...
Understand the Facts and Don't Pay More Than Necessary Key Ideas There are five primary factors that affect the cost of life insurance. Life insurance policy fees will add to your all-in expense. Ther...
Spoiler Alert: It's Sooner Than You Think! Key Ideas When it comes to buying life insurance, sooner is better. There are good reasons to carry life insurance, even if you don’t have dependents. ...
How do you get early retirement health insurance? The real question, how do early retirees find affordable medical health insurance? The options are limited to two plus something called Medishare- The...
If you're wondering "How to get health insurance in retirement", this post is for you. It's the story of what we did when our COBRA expired....
Health insurance is a big, incremental expense for people hoping to retire early from corporate life. Understanding our options and the costs has been an important focus for us as we've plotted...
Annuities tend to generate strong opinions. Some people insist they're terrible. Others talk about them as though every retiree should own one. Jeremy Keil and Jeremiah Konger of Annuity Association a...
3 Retirement Decisions Nobody Prepares You For Retirement can change how you approach life insurance, mortgages, income, and investments. Jeremy Keil answers three financial questions retirees may not...
I just don't enjoy what I do anymore. I'm only 61 and in great shape. My finances are set and I'll go on my wife's insurance until medicare. However, my wife will still be working for a few years to k...
My wife will be 67 yrs old this sept, she want's to file for he SS now but will still continue to work full time she has medical insurance from work does she have to apply for medicare now or when?
The backstory, so you understand how I got here: My brand-new husband died unexpectedly six and a half years ago (right before covid), and had no life insurance. Luckily, I make good money, so it didn...
Retirees flock to Florida for tax breaks — but hidden costs from HOA fees to high insurance — can quickly break your retirement budget.
I'm currently a health care slave, working for insurance until 65. Private insurance/COBRA not a realistic option unless no other option. I'm just entirely sick of getting up and going to work. I went...
Claiming Social Security early might seem counterintuitive for the ultrawealthy, but one advisor says that when the benefits are used to fund life insurance in an irrevocable trust, the strategy could...
I recently received a great comment on my post, Why All Rich People I Know Still Have Life Insurance. It was the last line that stood out. Here's what Marc had to say. I had life insurance ($1M) throu...
Tail coverage is no longer a technical add-on for malpractice insurance when terminating a contract. It is long-term financial protection. The post Malpractice Tail Coverage in the Age of Nuclear Verd...
I have no affiliation with any health insurance companies and no particular ax to grind. I just want to share our experience because I see a lot of scary information out there about Medicare Advantage...
Allowing clients to surrender or lapse life insurance policies before gauging value on the secondary market amounts to a fiduciary fail, argues Cole Hallman of Citizens Life Group.
Policymakers will have to decide among four basic LTSS models: Medicaid; Medicare; public insurance; or leaving people and their families to fend for themselves.
Let's break down the disability insurance premium payment setups and show how each one could impact the tax status of disability checks. The post Are Disability Benefits Taxable? What Doctors Actually...
Allianz Life Insurance Company of North America’s latest white paper takes a deep look at how different retirement income strategies—and especially various types of annuity products—can shape particip...
In this interview, I talk with the Director of the Idaho Department of Insurance - Dean Cameron - who is standing up to major Medicare Advantage insurance companies. These companies are eliminating co...
Sarah Monroe once had a relatively comfortable middle-class life. She and her family lived in a neatly landscaped neighborhood near Cleveland. They had a six-figure income and health insurance. Then, ...
Financial regulators long ago neglected to recognize that insurance is also a financial product, and that investments and insurance are complementary financial tools—especially for retirees, writes ou...
A cancer patient might live in a town with four oncology groups, but only one accepts his insurance — the one owned by his insurer. A young couple could see huge bills after their child is born, becau...
Americans shopping for Affordable Care Act (ACA) marketplace insurance plans during open enrollment – which began this Saturday – are experiencing confusion and dramatically more expensive premiums. T...
Nearly 10,000 people in America turn 65 every day. Why is that significant? It signals Medicare eligibility and shines a light on Medicare supplement insurance, known as Medigap....
The drug coverage provided by Medicare Part D is a key part of a retiree’s health insurance, and there are many options to choose from for those who have standalone Part D plans. Since these pla...