This is Part 2, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In last month’s newsletter, I gave a summary of Medicare, the Federal government insurance program that covers a large portion of health care expenses for seniors and people with certain[Learn more…]
Insurance & Risk Management
How To Choose A Medicare Part D Prescription Drug Plan
This is Part 6, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In a previous article, I explained the who, what, and when of Medicare Part D, Medicare’s prescription drug program for seniors. I devote this article to describing the “how” –[Learn more…]
Digesting the Alphabet Soup of Medicare
This is Part 1, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. This article is the first in a series on Medicare, the Federal government insurance program that provides health care to seniors and people with certain disabilities. In this article, I[Learn more…]
Medicare Part C (Medicare Advantage)
This is Part 7, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. For those approaching 65 and just learning about Medicare, Medicare Part C (also known as Medicare Advantage, or MA for short) is perhaps the least understood part of Medicare. Medicare[Learn more…]
Assessing Long-Term Care Insurance
In case you missed the May 1, 2015 Wall Street Journal article on long-term care insurance (Long-term Care Insurance: Is it Worth it?, by Leslie Scism), it was an exposé of sorts on the declining allure and questionable value of long-term care insurance. The main points of the article were: LTC insurance carriers have significantly[Learn more…]
“Mind The Gap” When Purchasing Long-Term Care Insurance… And Speaking To The Press
Last month I attended the National Association of Personal Financial Advisors (“NAPFA”) Spring Conference in San Diego, CA. NAPFA is the largest financial planning trade organization for fee-only financial advisors. (Sadly, the attendees, some visiting San Diego for the first time, were treated to a uniquely southern Californian phenomenon called “May Gray” for the duration[Learn more…]
What is umbrella liability insurance and why might you need it?
I have a confession to make: When I was 17, I took the family car one day to visit a friend who lived across town. I was a relatively new driver, having received my driver’s license – or maybe it was just a learner’s permit– only a few months prior. As I rounded a 30[Learn more…]