Archive | Insurance Needs for Young Professionals

e834b60a2afd023ecd0b470de7444e90fe76e6dc11b7164596f2c1_640_health-insurance

Carefirst’s 2018 Health Plan Premiums Distort Consumer Decision-Making

Carefirst’s 2018 health plan premiums for DC Health Link plans are unnecessarily high, discriminatory, and likely to distort consumer decision-making. The expected number of buyers of the plan, and not the plan’s features, drives the proposed premium increases. DC should review Carefirst’s 2018 premiums with an eye towards how consumers buy health insurance. Consumers view […]

Continue Reading 0
Photo by sinclair.sharon28

High Deductible Health Plan Renewal Decision

You have to decide whether to renew your high deductible health plan during this year’s open season. Use these four factors to decide whether to renew your high deductible health plan: Your expected health care needs next year, The premium savings of a high deductible plan, Your anticipated Health Savings Account (HSA) contributions, and Your current […]

Continue Reading 0
<small><a rel="nofollow" style="text-decoration: none;" href="http://wpinject.com/" title="Image inserted by the ImageInject WordPress plugin">Photo</a> by <a href="http://www.flickr.com/photos/23765495@N08/7897518572" target="_blank">moolanomy</a> <a rel="nofollow" href="http://creativecommons.org/licenses/by-sa/2.0/" target="_blank" title="Attribution-ShareAlike License"><img src="http://www.financialadvisorforyou.com/wp-content/plugins/wp-inject/images/cc.png" /></a></small>

Rare FEGLI Open Season September 2016

The Federal Employees’ Group Life Insurance Program (FEGLI) is having a rare Open Season the month of September. This is the first FEGLI Open Season since 2004. If you are a Federal employee eligible for FEGLI, you can increase your coverage without medical underwriting. The lack of medical underwriting means you won’t have a medical […]

Continue Reading 0
<small><a rel="nofollow" style="text-decoration: none;" href="http://wpinject.com/" title="Image inserted by the ImageInject WordPress plugin">Photo</a> by <a href="http://www.flickr.com/photos/131260238@N08/16722739971" target="_blank">dlg_images</a> <a rel="nofollow" href="http://creativecommons.org/licenses/by/2.0/" target="_blank" title="Attribution License"><img src="http://www.financialadvisorforyou.com/wp-content/plugins/wp-inject/images/cc.png" /></a></small>

Personal Liability Umbrella

Personal liability umbrella policies can protect you from a disastrous lawsuit. Insurance agents love to sell these policies by citing our litigious society. But do you really need one? Like many issues in financial planning, it depends. Personal liability umbrella policies provide additional personal liability coverage on top of the coverage provided by your homeowners […]

Continue Reading 0
IMG_0634

Patient Experience Data Can Help You Choose a Physician

Patient experience data can help you choose a new physician. I found myself recently in a situation in which I needed a new primary care physician and an eye surgeon. I hunted for patient experience quality information to help guide my choices. I changed my health plan in 2015 to a Health Maintenance Organization (HMO) to […]

Continue Reading 0
<small><a rel="nofollow" style="text-decoration: none;" href="http://wpinject.com/" title="Image inserted by the ImageInject WordPress plugin">Photo</a> by <a href="http://www.flickr.com/photos/54357435@N00/11721947126" target="_blank">valkyrieh116</a> <a rel="nofollow" href="http://creativecommons.org/licenses/by-sa/2.0/" target="_blank" title="Attribution-ShareAlike License"><img src="http://www.financialadvisorforyou.com/wp-content/plugins/wp-inject/images/cc.png" /></a></small>

3 Financial Planning Tasks for a Snow Day

These three financial planning tasks can make your snow day very productive. After shoveling the walk and building the snowman, try to complete one or two of these tasks. You know you’ve put them off. So why not take advantage of the snow day to get them done once and for all. 1. Obtain and […]

Continue Reading 0
<small><a rel="nofollow" style="text-decoration: none;" href="http://wpinject.com/" title="Image inserted by the ImageInject WordPress plugin">Photo</a> by <a href="http://www.flickr.com/photos/45409431@N00/6048902076" target="_blank">marfis75</a> <a rel="nofollow" href="http://creativecommons.org/licenses/by-sa/2.0/" target="_blank" title="Attribution-ShareAlike License"><img src="http://www.financialadvisorforyou.com/wp-content/plugins/wp-inject/images/cc.png" /></a></small>

Financial Goals – How Much By When?

I often advise clients on how to set financial goals. One technique I use is to ask “how much by when?” Answering this question is a good way to put meat on the bones.  It makes your financial goal concrete. The technique also provides an easy way to check whether you achieved your goal. One […]

Continue Reading 0
<small><a rel="nofollow" style="text-decoration: none;" href="http://wpinject.com/" title="Image inserted by the ImageInject WordPress plugin">Photo</a> by <a href="http://www.flickr.com/photos/128745475@N07/17209522879" target="_blank">sinclair.sharon28</a> <a rel="nofollow" href="http://creativecommons.org/licenses/by/2.0/" target="_blank" title="Attribution License"><img src="http://www.financialadvisorforyou.com/wp-content/plugins/wp-inject/images/cc.png" /></a></small>

Is a High-Deductible Health Plan Good?

Use these six tips to decide whether a high-deductible health plan is good for you. These plans have an accompanying Health Savings Account (HSA) that you can use to save for medical expenses that you will have to pay before the plan begins to pay its share. High-deductible health plans are worthy of consideration by the healthy […]

Continue Reading 0
3076828f9d0390d1_150_elderly-care

Advance Directives: Not Just for Your Parents

A recent proposal by Medicare reinforces the importance of advance directives for all – both young professionals and those in or near retirement. Medicare has proposed to compensate physicians and other health care providers, when asked, to explain and discuss long-term treatment options and advance care planning for chronic diseases. The reimbursement would also cover […]

Continue Reading 0

Young Professionals and Permanent Life Insurance

The conventional wisdom is that many young professionals don’t need permanent life insurance. The reasons include the high cost compared to term life insurance and the temporary need for life insurance during the time they are paying down the mortgage and saving for college educations. But permanent life insurance may be appropriate as part of […]

Continue Reading 0