With the news media reporting daily on the number of  COVID-19 cases and deaths, it’s not surprising that many  people are concerned about whether their families will  be taken care of if they contract the disease and die.  Defer Now,  Pay Later  If you took advantage of President  Trump’s executive order  allowing you to not…

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Estimates are that more than 26 million people could become uninsured due to the workplace shutdowns. The Economic Policy Institute estimates that because of the COVID- 19 virus and workplace shutdowns, 16.2 million American workers have lost their employer-sponsored health care coverage since mid-March. The Kaiser Family Foundation estimates that 26.8 million people in the…

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Wash your hands and check your healthcare benefits to see what’s covered! Because of the COVID-19 coronavirus pandemic we’ve learned a new term — social distancing — and relearned the importance of thoroughly washing our hands. We’ve also learned the importance of understanding what tests, procedures and care are covered by our health insurance. In…

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Permanent life insurance — whether whole life or universal life — provides coverage for the lifetime of the insured as long as premiums are paid, though Universal allows greater flexibility in terms of payments and death benefits. The biggest distinction is that with whole life, savings grow at a guaranteed rate; with Universal life insurance,…

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A life insurance policy can be a thoughtful way to provide for loved ones after you die. But what happens if you are the beneficiary of someone’s life insurance policy? Losing someone close to you is a stressful situation. Fortunately, however, filing a claim usually is fairly straightforward. Here is what you should do if…

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After passing the Affordable Care Act in 2010 and watching Republicans begin to dismantle it in 2017, many Democrats now are proposing Medicare for All. Whether Medicare for All becomes law depends a great deal on who controls the House and Senate. For now, it has little chance of passing because Republicans control the Senate…

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Hospital indemnity insurance is gaining in popularity as a way to deal with increasingly higher out-of-pocket expenses. It’s not health insurance, but it provides a cash benefit you can use to pay for expenses health insurance doesn’t cover. The Centers for Disease Control and Prevention estimated that the average hospital stay in 2017 was five…

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Most health care providers are honest. But the few that aren’t can ruin it for everyone else by driving up health care costs and insurance premiums According to the Federal Bureau of Investigation (FBI), health care fraud costs the country tens of billions of dollars a year. The bureau is the primary agency for exposing…

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Medicare Part A provides basic hospital insurance and is available at no charge to those who are 65 or older — if they paid Medicare taxes while working. For many, though, that amount of coverage is not enough. Some people want a Medicare supplement plan — or Medigap — to provide additional coverage for what…

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If you’re like most people, Social Security will provide 40 percent of your income during retirement. Unfortunately, without changes, the federal government may not have enough money in 16 years to fully fund the program. The Social Security Administration (SSA) paid $952 billion in benefits in 2017; and received $911 billion in taxes and $85…

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