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While not required by law, many landlords require their tenants to purchase renters insurance. Renters insurance offers coverage for property damage, personal liability and additional living expenses if something happens at or to your rental. It can be a smart policy to hold, whether it’s required or not. When Is Renters Insurance Required? Some landlords […]
Is Renters Insurance Required? Read More »
Deciding whether or not to have life insurance is an individual decision. Whatever you decide to do or not do, it’s important to make an informed decision that’s best suited to your family’s needs. To help you learn more about life insurance, let’s debunk some of the biggest life insurance myths. This post is brought
Top 10 Biggest Life Insurance Myths Debunked Read More »
Annuities are insurance products that provide income during retirement. They’re great for that purpose, but they’re also illiquid and can be difficult to get out of in some cases. Find out if you can get out of your annuity at all, and under what circumstances if so. The post Can I Get Out of an
Can I Get Out of an Annuity? – Penalties for Cashing Out Early Read More »
Medicare open enrollment starts today, but 7 in 10 Medicare beneficiaries say they don’t compare Medicare plans during this period, according to a 2021 analysis by KFF, a health policy nonprofit. That’s not great, since Medicare Advantage plans — which operate much like the private insurance you may have had through an employer — change…
How to Change Medicare Plans — and Why You Might Want to Read More »
The Medicare income-related monthly adjustment amount, or IRMAA, is a surcharge on Medicare premiums for Medicare Part B (medical insurance) and Part D prescription drug plans. It applies only to Medicare beneficiaries who have a modified adjusted gross income above $91,000 ($97,000 in 2023) for an individual return and $182,000 ($194,000 in 2023) for a…
What Is the Medicare IRMAA, and When Does It Apply? Read More »
Is Medicare Advantage free? Sort of. In 2022, 69% of Medicare Advantage members are in plans with no monthly premium, according to KFF, a health policy nonprofit. That means members pay $0 for the plan. Medicare Advantage plans are a bundled alternative to Original Medicare. They include Medicare Part A (hospital insurance), Part B (medical…
Is Medicare Advantage Free? A Guide to No-Premium Plans Read More »
Medicare beneficiaries will pay less for their Part B premium next year, the first decrease in a decade. Other Medicare costs, like Part A deductibles, are on the rise. Here’s how it breaks down. Medicare Part B Premiums Will Decrease in 2023 The standard Medicare Part B premium will be $164.90 a month in 2023,
Medicare Part B Premiums Are Going Down in 2023 — Here’s Why Read More »
Your Medicare card is a very important piece of identification. It’s proof of your health insurance benefits. You’re often required to present your Medicare card when seeking care. Without it, you could end up paying a lot more out of pocket. You’ll receive your card in the mail along with your “Welcome to Medicare” packet
How to Replace Your Medicare Card If It’s Lost or Damaged Read More »
Thieves inspired by social media are stealing certain models of Kias and Hyundais with little more than a phone-charging cable. The trend started in Milwaukee before spreading to cities nationwide. It has led to multiple lawsuits filed against the carmakers. Plaintiffs allege that Kia and Hyundai defrauded consumers by selling unsafe vehicles that lack a…
Own a Kia or Hyundai? Here’s Why Your Insurance Rates Could Go Up Read More »
Umbrella insurance is great for anyone who has anything of value. It protects you when you’re sued after an event that occurred on your property, or if you unintentionally cause someone injury. Umbrella insurance provides additional liability coverage beyond what your standard insurance policies offer if you get sued. The post What Is Umbrella Insurance?
What Is Umbrella Insurance? Read More »
Are you getting bombarded with TV commercials and a mountain of health insurance advertisements in the mail? You’re not the only one. It’s that time of year again: Medicare open enrollment. During this roughly two-month period, Medicare beneficiaries can compare and adjust their coverage. Private insurance companies aggressively advertise their plans in hopes that you’ll
Your Guide to Navigate Medicare Open Enrollment This Year Read More »
Key person life insurance works a lot like a typical life insurance policy. But some of the biggest differences may affect whether it’s the right choice for you. The post What Is Key Person Life Insurance and How Can It Protect Your Business? appeared first on Money Crashers. https://www.moneycrashers.com/what-is-key-person-life-insurance/ #financialfreedom #money #entrepreneur #business #finance #investing
What Is Key Person Life Insurance and How Can It Protect Your Business? Read More »
Dear Penny, Please help me evaluate a tantalizing temptation. I am a 58-year-old single gay white male college graduate with no dependents. I worked hard, prospered, lived frugally and saved for over 30 years. In my early 50s, I was promoted beyond my skills and abilities and consequently floundered professionally. Currently, I am self-employed owning/managing
Dear Penny: Should I Buy a $3M Annuity So I Never Worry About Money Again? Read More »
If your 65th birthday is approaching, it’s time to talk about Medicare. You know it kicks in when you turn 65, but how does it work? Some people are automatically enrolled while others need to sign up through the Social Security Administration. You’ll also need to get coverage for prescription drugs and maybe a supplemental
How to Sign Up for Medicare: Everything You Need to Know Read More »
Healthcare and health insurance is a complicated topic, and there are many differing opinions on how it should best be handled. In many countries, there is universal healthcare for everyone, but that is not the case in the United States. While there are government-run programs for the elderly (Medicare) and those with low-incomes (Medicaid), most
What To Do When You Get Kicked Off Your Parents Health Insurance Read More »
College students living in dorms or off-campus housing can find rental insurance by knowing how much coverage they need, determining a budget and comparing providers. Renters insurance provides coverage for damage to belongings and protection from liability. If you are a college student who does not have similar coverage from your parents’ homeowners or renters
How to Get College Renters Insurance Read More »
Most people think of beneficiaries using life insurance after they die. But if you have a cash value life insurance policy, your insurance coverage is also quite useful while you’re still alive. But it’s crucial you understand how cash value works and all the fine print that comes with it. The post Cash Value Life
Cash Value Life Insurance – What It Is and How It Works Read More »
Medigap Plan G is the most comprehensive Medicare Supplement Insurance plan that’s available for purchase by all Medicare members. Medigap Plan N covers a bit less, but its premiums are lower, too. Premiums aren’t the only cost you’ll need to consider, though. Medigap Plan N requires copays for certain office and emergency visits, so whether…
Medigap Plan G vs. Plan N: Which Is Best? Read More »
A denial letter isn’t the end of story for a health insurance claim. If you’re persistent and file a proper appeal, you could get that claim paid after all, at least in part. The post How to Get a Health Insurance Claim Paid and Appeal a Denial appeared first on Money Crashers. https://www.moneycrashers.com/appeal-health-insurance-claim-denial/ #financialfreedom #money
How to Get a Health Insurance Claim Paid and Appeal a Denial Read More »
If you have a mortgage (which most people do) you’ll need homeowners insurance. Here are our top picks for the best homeowners insurance companies.Homeowners insurance can help you protect your home and finances. Here are our top picks for the best homeowners insurance companies. The post 8 Best Homeowners Insurance Companies of August 2022 appeared
8 Best Homeowners Insurance Companies of August 2022 Read More »