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Category: Insurance

Sensible Scenarios: Do I Need Disability Insurance?

September 19th, 2018 by

Remember when you were a kid and grownups asked you what you wanted to be when you grew up? That was then, and this is now. You are a grownup. You’ve finished school, gone to work, and started a family or a business. Now you’re settled, but you still have dreams. Maybe you want to […]

Medicare Part D: Prescription Drug Coverage

June 27th, 2017 by
Rick Fine - Medicare part D

This is Part 5, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Welcome back to Sesame Street (for seniors). Today, we are going to talk about the letter “D”. (Sorry, but I couldn’t resist). Medicare Part D covers outpatient prescription drugs. You […]

Medicare Supplemental Insurance (Medigap) – Paying More to Pay Less

May 23rd, 2017 by
Medicare Supplemental Insurance Medigap plans chart

This is Part 4, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Medicare Supplemental Insurance, or Medigap for short, is optional insurance that you can buy separately from a private insurer to cover many out-of-pocket costs of traditional Medicare. As I described […]

Medicare Part B: A great health care companion, but it doesn’t like to be kept waiting

April 25th, 2017 by
Medicare Chart

This is Part 3, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In this article, I discuss Medicare Part B – sometimes referred to as retiree “Medical Insurance”.  Part B purportedly focuses on the services, diagnostic tests, and medical equipment that doctors […]

Medicare Part A – Is it Really Free?

March 24th, 2017 by

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 […]

Digesting the Alphabet Soup of Medicare

February 22nd, 2017 by

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 […]

Roth and Traditional IRA contributions: 2 simple rules, and 1 rule that isn’t so simple

May 25th, 2016 by

If you want to save for retirement in an account or accounts not linked to your job, you have two choices: Traditional IRAs and Roth IRAs. This article gives you guidance about which type you should choose to contribute to. It focuses on the key distinctions between the two types: Contributions to Traditional IRAs are […]

What is umbrella liability insurance and why might you need it?

January 27th, 2016 by

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 […]

Buying a Longevity Annuity

September 29th, 2015 by

In my previous two posts, I compared how a longevity annuity differs from a traditional life annuity (here) and I described a Qualified Longevity Annuity Contract (QLAC), a special type of longevity annuity (here). Now let’s walk through the mechanics of buying a QLAC. An Example Larry and Andrea are two healthy, financially-savvy 65 year […]

Understanding Longevity Annuities

July 28th, 2015 by

As I promised in my June blog, this month I’m focusing on a topic covered during the National Association of Personal Financial Advisors Spring conference: longevity annuities. (Full disclosure: Sensible Financial® does not sell insurance. Sensible Financial is a fee-only financial planning firm). Before getting into the specifics of longevity annuities and how they might […]