Don’t Miss Medicare Open Enrollment

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Medicare open enrollment is a critical time for seniors aged 65 and other Medicare beneficiaries. It's the only time during the year when you can make changes to your Medicare plans, including Medicare Advantage and Medigap policies, while still enjoying guaranteed enrollment status. The dates are different for new Medicare enrollees than they are for existing Medicare beneficiaries, so pay close attention to the open enrollment period for your category. For current Medicare enrollees If you are already enrolled in Medicare, then your open enrollment for 2022 runs from Oct. 15 to Dec. 7 this year. During this period, you…

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Study Says Lower-Income Gen Xers, Baby Boomers Will Run Out of Money in Retirement

Study Says Lower-Income Gen Xers, Baby Boomers Will Run Out Of Money In Retirement Recent research shows that baby boomers and Generation Xers who are in the lower-income brackets are more likely to fall short of their retirement goals, which will leave them lacking enough money to live on. Researchers at Northwestern Mutual Planning & Progress found that some people may run out of funds within their first year of retiring and that 22% of Americans have less than $5,000 saved for retirement. While households in the lowest income brackets are most severely affected, even some people who fall in…

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The Importance of Employment Practices Liability Coverage

Every employer, no matter how small, faces the specter of being sued by a past, present or prospective employee at some time. In fact, such employment practices claims are widespread – so much so that most businesses are much more likely to have an employment practices liability claim than a general liability or property loss claim. Nearly three-quarters of all litigation against corporations today involves employment disputes, which can be extremely costly. The expenses associated with an employment practices claim are significant. In 2018, the Equal Employment Opportunity Commission resolved 90,558 charges of discrimination and recovered about $505 million in…

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Your Fall Home Maintenance Checklist

Fall is here and you should use the time to enjoy the cool weather outdoors and take care of housekeeping chores before winter arrives. You should also tackle any needed maintenance before the weather gets too cold and, if you live in a cold-weather area, you could use the time to improve the energy efficiency of your home as well. You should also take proactive measures to prevent damage from any winter storms that may pass through. To help you along the way, we’ve created a handy checklist for you to follow: Chore 1: Check your Medicare Coverage If you…

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Medicare: Take Advantage of Open Enrollment!

Are you in the best available Medicare plan for your situation? For many Medicare beneficiaries, the answer is no and that can be a costly mistake. A recent study by the Kaiser Family Foundation found that 71% of Medicare beneficiaries don't research their plan options when Open Enrollment comes around. But Medicare plans can make changes every year. Your current Medicare plan may be changing any of these important items: Deductibles Coinsurance Maximum out-of-pocket costs Premiums Care provider networks Prescription drugs and access. Prescription drug plans are particularly prone to making changes in their formulary of covered drugs, rules under…

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5 Ways to Prevent Deep Vein Thrombosis While Traveling

When you’re planning a trip, it’s important to take your safety into consideration along with your excitement and packing. Deep vein thrombosis is a vein disorder that occurs when a blot clot forms in a deep leg vein, and it’s especially common among travelers over 50. DVT Symptoms  Deep vein thrombosis, or DVT, is potentially fatal because a clot could travel to the lungs and cause a pulmonary embolism. The condition usually occurs in the calf, and since the main cause is sluggish blood flow due to long periods of inactivity, it presents a risk to travelers taking a long…

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Drive Other Car Coverage: Protect Your Officers

When it comes to driving a car you don’t own, the auto coverage situation can become complicated. That’s when drive other car coverage, which broadens coverage for named individuals, comes in. For example, say Linda is a junior partner in a law firm. She drives a car that the firm owns and insures, and she doesn’t own another car. Since the Rental Auto Coverage Most of the time, this doesn’t create any problems for Linda. However, when spring break rolls around, she decides to take her kids to Disney World. She rents a car at the Orlando airport without giving…

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Teens Drinking at Parties = Insurance Issues

As the new school year starts, high schoolers are getting back into the routine of hanging out with friends. This often includes weekend parties after the Friday night football game, which can become occasions for teenagers to drink alcohol. Unfortunately, when teens drink at unsupervised parties they risk harming themselves and others. Responsibility and Coverage When high schoolers throw these parties, their parents may bear responsibility for what happens, whether or not they knew or gave permission. This can include any injuries or damages that occur after the guests leave. The homeowner’s insurance is likely to cover any financial damages,…

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