The Lesser-Known Features of Long-Term Care Insurance

Buyers of long-term care insurance often focus on just the coverage basics, such as the level of daily benefits, the length of coverage, and the conditions under which the policy will pay a claim.   While these basics form the bulk of the policy, long-term care policies offer a host of other options that may prove beneficial to the policyholder.    Let’s take a look at some of these available options:   Survivorship premium waiver – Some policies will provide a waiver of all remaining premiums if both spouses are paying for long-term care policies from the same insurer and…

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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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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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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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Know That Medical Insurance Doesn’t Cover Everything

Though it is important to have medical insurance, you should be aware that this insurance does not cover everything. Medicare, though it is helpful, does not provide complete coverage of health care costs like many people assume it does. Finding out that Medicare doesn’t cover everything can be difficult for many Americans who do not have the money saved up to cover medical costs. It is important that you know how much you will end up paying in medical costs so that you can plan early in life and avoid being blindsided when you have to start paying out-of-pocket costs…

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Questions About Fire Sprinkler Systems

Now that you know more about how to reduce your homeowner’s premium, it is time to learn about how to save money and save lives with your fire sprinkler system. Automatic fire sprinkler systems can end up saving lives and preventing disasters from occurring. However, you may have questions about how fire sprinkler systems work and why they can be so effective.  Point blank, fire sprinklers are effective--according to the National Fire Protection Association, there are no records of fires resulting in more than two fatalities in areas that had adequate sprinkler systems. In these cases, the deceased were typically…

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