Most insurance companies offer 3 types of coverage plan products, which define what doctors and hospitals you can visit and how you access certain health services. HMOs (health maintenance organizations) only cover visits to doctors and hospitals inside the plan’s…
According to the Social Security Administration, people age 65 and older: 35.8% have incomes under $20,000 28.6% have incomes under $20,000 to $40,000 20.3% have incomes under $40,000 to $75,000 Only 15.3% have incomes in excess of $75,000 For more…
The Advanced Premium Tax Credit is provided to those who qualify to help pay for health coverage. Your APTC is calculated based on your estimated annual household income, household size and where you live. If your income or family size…
Based on the new health care law, there are new rights and protections that make coverage fair and easier to understand. The law: requires health plans to cover people with pre-existing health conditions makes it illegal for health plans to…
As soon as you receive your Form 1095-A statement, keep it with your other tax-related documents. Similar to a W-2 or 1099 form, you will need to have it on hand if you prepare your own taxes, or you’ll need to provide…
A.M. Best has affirmed the A (Excellent) financial strength rating for Kansas City Life Insurance Company. Also, A.M. Best affirmed the A-(Excellent) rating for its wholly owned subsidiary, Sunset Life Insurance Company of America, and its final expense subsidiary, Old…
Important dates for 2016 enrollment: November 1, 2015: Open Enrollment starts – first day you enroll in 2017 Marketplace plan January 1, 2017: First date 2016 coverage can start January 31, 2017: 2017 Open Enrollment ends If you don’t enroll in a 2017…
When individuals become disabled, most can no longer continue saving for retirement. With a loss of income, they are unable to contribute to 401(k) plans (or other retirement vehicles), receive their employer match or contribute to Social Security. DI Retirement…
Covered California announced that it’s increasing penalties for not having health insurance, and is encouraging Californians without coverage to explore their options and sign up to avoid large penalties during next year’s tax time. “It’s important that consumers understand now…
People are buying Life Insurance for different reasons; however, the main reason is the love and care for their families. A typical example is the story of a woman who recently visited our office with tears in her eyes. She…
