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Archive of posts published in the category: personal

Under 65 Disabled Medicare

Many questions come up with it comes to Medicare, let alone when you are under 65 and disabled. The steps of the things you need to do or the things you know are not quite as clear as you would like it to be. If you do not register everything within a window that the government provides, you could be penalized. The penalty will be costing you more money than you had expected. Someone who qualifies for SS Disability income has a waiting period of two years before eligible for Medicare A and B. This could be a long time to wait if you need insurance.

If you were gainfully employed, you would be offered coverage through your job. If you had to take a leave of absence as a result of the qualifying disability, you would be provided COBRA to extend the coverage you had from your previous employer. The COBRA option could let you pay for the health insurance for up to 18 months, and in some cases you can get 24 or 36 months, depending on the situation. That will buy you some time to transition to Medicare Disability.

If you fall short of the premiums due to cash flow for COBRA, there might be a chance you could qualify for Medicaid. Medicaid is a health program available through the state. They do have their own set of requirements to qualify. Refer to your state guidelines to apply. Then your health care will be a nominal cost to you, paid by the state.

Once you have met your two-year waiting period for disability to be eligible for Medicare coverage, you have a window to do other things to stay compliant. The government requires to have a Part D coverage; D is for Drugs. Original Medicare does not supply this except for inpatient medication. They give you a window of about three to four months to purchase a Part D. Typically it’s the month of the start of Part B (supplied by Original Medicare), and then 90 days after that month. If you do not sign up for a Part D, or equivalent, during this time frame, you will be penalized when you finally do sign up for it. Medicare requires this to allow more people to pay in to control the cost for everyone.

If your state requires insurers to offer Medicare Supplemental insurance for the under 65 disabled, then you are allowed to apply with no underwriting involved during the same time frame. You will notice that the premium are much higher for those under 65 years of age than if you were 65 and older. Part of it is that you are on Medicare early because you have a disability, it means you are more likely to have more claims. Either way, you have an opportunity to apply for a plan that has to underwrite and take advantage of the lower rates without being screened for the health condition. However, in some states, like Indiana, …


How to Get the Best Rates on Long Term Care Insurance in Missouri

How many people do you think enjoy planning for the day that they will need round-the-clock nursing home care? How many want to think about the time when they will not be able to bathe themselves, or dress themselves or even feed themselves?

That's what makes talking about long term care insurance in Missouri so difficult. But difficult or not to think about, the fact remains that according to US Census figures almost one out of every two people in Missouri who reach the age of 65 will need some form of long term care at some time in their life.

And it's not as if the government will provide long term care. The federal government's Medicare program effectively provides no long term care protection at all, and the state of Missouri's Medicaid program, while providing some long term care, requires that a person spend all of his or her assets before they are eligible for assistance. And once they are impoverished the state determines what services will be provided and where and how those services will be provided.

So when should you start looking at long term care insurance? Any time following your 30th birthday, according to experts. There are basically two reasons for looking into long term health care at such an early age. One reason is that your monthly promotions are very low when you are in your 30s and quickly escalate as you get older; locking in low rates just makes good economic sense.

The other reason you might want to consider long term care at such a young age is that according to statistics a surprising number of men and women in their 40s and 50s already need to take advantage of such insurance. The primary reason is accidents – 30 and 40 year-old adults are respect to severe accidents as they continue pursuing activities that came so easily to them in their 20s and 30s.

In addition to locking in low premiums by buying long term care insurance at a young age, what else can you do to help keep the cost of your policy down?

Live a healthy life-style for one thing. It does not take a rocket scientist to figure out that people who smoke and who are overweight are going to have to pay more for long term care insurance than people who do not.

Also, people who routinely hunt dangerous activities, such as rock climbing, hang gliding, dirt bike riding and so forth may also find themselves facing higher long term care promotions.

Where you receive your care also affects the cost of your long term care insurance. A policy which covers in-home care on a day-basis is going to be far less costly than a policy which covers round-the-clock care in a nursing home.

The total amount of the policy also makes a huge difference in how much it costs. Most policies have a lifetime cap on the amount they will pay for long term health care, or they …


High-Quality Inexpensive Hiking Boots – How To Choose And Where To Find Them

This article describes where to look, what to look for, and how to choose day-hiking boots. Knowing where to look and what to look for, you can be sure to get the high-quality hiking boots you need without paying extra for features you do not need.

Day-hiking boots range anywhere from $ 40.00 to $ 150.00. The high end of that range is beginning to cross into backpacking boots, but anything below that range is either an exceptionally good deal or an imitation hiking boot that will disappoint you badly.

So, let's talk about the kinds of places to shop for hiking boots, features to look for, pitfalls to avoid, and techniques to make sure you have the right fit.

Where to Shop for Hiking Boots

If you have never done any serious hiking, you will want to buy your first serious hiking boots in a hands-on experience. I'm being honest here (habit of mine). Yes, it is in my interest to persuade you to buy your hiking boots through my Web site, but I will not do that if it is not appropriate for you. Even away from ethical considerations, it would be bad business for me to create a lot of dissatisfied customers telling their friends about their bad experience. No, I'm just being honest. I do not want to take your money and leave you unhappy. Buy your first pair of hiking boots at a brick-and-mortar store where you can handle the boots and try them for a good fit. Then, when you have enough experience to know what you want in your second pair of hiking boots (or third, or …), you can take advantage of the lower prices available on the Web.

When shopping for hiking boots, look for an outdoor equipment store rather than a shoe store. The sales clerks in a general shoe store are not likely to know the difference between real hiking boots and fashion imitations of hiking boots. You may pay more money at an outdoor equipment store, but you will realize the savings out on the trail.

Once you're in the store, ask about some of the things you read in this article. If the sales clerk does not know what a scree collar is or why soft outer soles are better than hard, look for another sales clerk, or another store.

If you are ready to buy your hiking boots on the Web, you can take advantage of the best of both worlds. You can buy from a high-volume store that has the best prices, but first get your advice, recommendations, and reviews from affiliates Web sites that specialize in hiking equipment.

Wherever you choose to buy your hiking boots, make sure there is a reliable, knowledgeable person in the loop somewhere. If the sales clerk or Web site looks too much about making the sale and not interested enough in discussing and comparing features, you should look somewhere else before you make a final decision.

ESPecially when …


Insurance Appraisal Process – A Policyholder’s Best Chance to Resolve an Insurance Claim Dispute!

Many homeowners and business owners find themselves disagreeing with their insurance company’s analysis of their insurance claim. However, most are unaware that they can dispute the insurance company’s findings via the insurance appraisal process! Even though the policyholder (you) submits a contractor’s estimate, receipts for repairs or materials, or even photos showing damages that the insurance company did not include for repairs… they still won’t budge.

Most policyholders are unaware of how to dispute and resolve their claim with the insurance company. Policyholders have a choice and a voice within their policy for this very purpose. It’s called The Appraisal Clause – also know as The Appraisal Provision. Now, don’t let this scare you. It may seem like a fancy clause that would take a law degree to understand. However, a simple way to understand it is that it’s the insurance industry’s version of arbitration. Although similar, the Appraisal Process is NOT an arbitration or mediation and the umpire is not an arbitrator, mediator, or judge. Insurance Appraisal, Mediation, and Arbitration are separate things.

In short; Arbitration requires attorneys and a legal process, where Insurance Appraisal does not require attorneys or a legal process. Arbitration is a dispute between two parties for any reason, where as, the Insurance Appraisal Process is a dispute between the “value or cost,” to repair or replace property only – bee it an automobile, plane, train, couch, house, commercial building, etc.

Most Policies Have the Appraisal Clause

If you feel you’re at a dead end with your insurance company and want to resolve your claim you’ll need to check your policy for the Appraisal Clause. Most policies will have the provision listed under the “What to do after a loss,” section or the “Conditions” section of the policy. Below, you will find a sample of a typical Insurance Appraisal Clause included in most policies. Keep in mind that policies can be different in each state. Therefore, you should read your own policy to see if this clause exists. It will say something similar to the following ;

“APPRAISAL – If you and we fail to agree on the amount of loss, either one can demand that the amount of the loss be set by appraisal. If either makes a written demand for appraisal, each shall select a competent, independent appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial umpire. If the two appraisers are unable to agree upon an umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an umpire. The appraisers shall then set the amount of the loss. If the appraisers fail to agree within a reasonable time, they shall submit their differences to the umpire. Written agreement signed by any two of these three shall set the amount of the loss.”

OK, But How


10 Surefire Money-making Tips

Are you tired of scraping for resources day in and day out? Are you one of those who would like to have more than one job to be able to augment your family's needs? Or are you just scouting for a little extra to pay for those wants? Then here are some tips that would certainly earn you some bucks. Read on:

1. This is an ancient rule but as was always said, make a list of your expenses. Too often, people just make budgets without realizing that they have to make a list of their 'actual' expenses, too. This would also teach you wise spending in the long run, as you would start to see where your bucks go. When you already know how to track your expenses, you will start to notice that you are saving and learning more, really!

2. Avoid debts as you would avoid a plague. The average American nowdays has, $ 7000 in debt. That is a shocking truth but it remains true. Control your credit card expenses.

3. Recycle and sell those things that can still be salvaged. Garage sales can be great. It clears the house clutter plus it rakes in some profit.

4. Try to scrape at least 10 percent of your income and make some savings. No matter how small the amount is, it is still savings. You do not have to start big on saving money. In fact, starting small and seeing it grow is very rewarding. Aside from this, knowing that you have some savings will make you feel a bit secure as compared to a savings-less life. And, in fact, the greatest way to stay out of debt is to have your own savings.

5. What are your talents? Bank on them and earn from them. If you are good in writing, you can start working as a freelance writer or a ghostwriter. There are a lot of jobs online that could provide you some income while you do the thing that you love doing the most.

6. Make use of your computer at home. Aside from writing jobs, you can do a lot more with your computer such as desktop publishing, transcription services, home-based call center jobs, online surveys that pay, or selling info through mails.

7. Know your short-term and long-term goals. Be organized. Know which ones to accomplish first and go for it with all of your energies. It is also important to put your plans in writing. A study was done before where the more successful students were the ones who wrote down their goals.

8. If you have the heart and the guts, you can invest some of your money on financial firms that offer high ROI's. There is a risk, yes, but when the money multiplies, you will more financial freedom.

9. Do you want to have a taste of 'Hollywood' life? Then you can sign-up as an extra. There are a lot of needs for extras that are over the …


Tips For Starting a Small Business – Your Success Depends on Doing These Things Right!

Why are some businesses an overwhelming success while others never make it off the ground? What is it that differentiates the two?

Surprisingly it is not a question of money or education. There are many businesses that have had such humble beginnings as a spare bedroom or even a dining room table yet have gone on to become market leaders. There are also many businesses who have had highly educated people at the helm along with some serious financial backing and yet they still failed dismally.

Statistics show that businesses that succeed share common characteristics. Likewise businesses that never get off the ground or close their doors after only a few short years have usually made some common business mistakes.

These characteristics and practices apply to all businesses. Whether you are starting your business on a shoe string or have a substantial budget, if you are working from home or from a 10 000 square foot warehouse, if you have no staff or twenty, if you are selling a product or a service, if you are producing your own products or selling somebody else's, these dos and don'ts apply to you.

To increase your chance of business success you should try to emulate those who have achieved what you want to achieve. There is also much to be learned from the mistakes of others. This way we will not repeat them ourselves.

Two of the most important tips for starting a small business are:

  1. You must be passionate about what you are doing. If you are not passionate about your business it will be easy to become disheartened during the hard times. Building a business takes dedication and persistence and money should not be your only motivator.
  2. You must follow proven business principles. Your business success or failure depends on how well you manage your resources. These resources include your staff, your finances and your paperwork.

Many people thinking about starting their own business become overwhelmed with the legalities and paperwork that they need to attend to before they can open their doors or attend to their first customer. There is just so much to do and sometimes it can be tempting to cut corners. This is understandable when you are keen to get your business up and running. But you should always make time for conducting market research and for writing your business plan. Statistics prove that businesses that have completed some form of market research and have a business plan will greatly improve their chance of business success!

There are other factors that influence the profitability and success of your business. However if you get these things wrong it will not matter what you do right. By not having appropriate administration, staffing and financial controls in place your business will not grow to its full potential. Nor will you be able to take advantage of business opportunities when they arise. …


Make Money Online: Time, Effort and Determination Are Required

When you go online and look for ways to earn money, you could not help but wonder: Are there easy means in which you can earn money online? Such a simple question that requires a lot of research to find an answer for. But those in the know learned about this a long time ago. And the answer is a resounding yes. All you need to do is take time to know where these means are and once you find them, time and effort are expected from you.

One of these means is to sell your stuff on eBay. eBay is huge nowdays. People go there to buy different products and avail various services. If you have stuff at home that is no longer useful to you, you may want to rethink before you dispose of them. If they are still of value, people online may find use for them. Not only will you have extra space in the house, you will make extra money out of it too. The fees involved in this are very small and the sign up is very easy. Learn about the process of bidding and you will go far.

Another one is by offering your service of whatever skill, knowledge or expertise you have. Everyone is always on the lookout for information and education and the best way to look for people who know a lot about a certain subject is searching online. So why not make money out of this? If you really know your stuff, people will search for you and will happily pay you for your service.

Aside from the aforementioned, getting paid by merely clicking sites is another well known method to make money online. It is pretty self-explanatory as the only thing you need to do is click ads and presto, you will get paid. Sign up on websites that conduct this and you can take it from there. Pay is minimum but once you get referrals, you will earn more. Easy and quick to earn money, as they say in the business.

Lastly, we have affiliate marketing. It is just like direct selling but done online. You have a client that will provide you with products or services and you get paid for every sale made. You can get paid once a week or once in two weeks or once a month, this is dependent on the company itself. Research about the company and how they do things and what are their terms. You can make a lot of money off of this.

These are just some of the ways on how to make easy money by just using the Internet. There are others and if you are interested, you can research about them too. Do not expect instant success, this requires patience and understanding of the business. But once you get the hang of it, the payoff is incredible. So put in the right amount of effort, time and drive to be good at this and before …


Personal Injury Settlement Amounts

Personal injury settlement amounts give an opportunity for victims to recover from financial crisis and secure apt treatment. Personal injury settlement outside the court is a good choice for insurance companies and the injured one as these settlements are less expensive and limit further distress of time consumption. The settlement amount depends on the severity of the injury, sum of lost wages, expenses in treatment and time taken to heal the injury.

Personal injuries have no minimum or maximum settlement amount. The insurance amount is evaluated by an insurance company adjuster and the attorney for a particular case. They try to negotiate, based on severity of the injury, treatment cost, and expense of surgery in future. Personal injury settlement amounts are also related with the capacity of the victim to work, affected lifestyle, personal discomfort and distorted appearance caused due to injuries. Loss of wages from the date of injury is also compensated while settling personal injury claims. Maximum amount can be recovered if one can capitalize different issues behind personal injury in a convincing manner. The assistance of attorneys experienced in handling personal injury settlement is useful in securing maximum compensation amount at the earliest. The fault or negligence of the plaintiff is also considered in determining the amount of compensation. Young and healthy claimants receive better compensation. Financial loss and mental distress caused due to injury are considered as they are productive youngsters, if not hit down by personal injury. The occupation and the educational standards of the petitioner are also taken into account when allocating compensation.

To collect the settlement amount, the insurance company is informed regarding the settlement jurisdiction if the person against whom you have claimed has insurance. The insurance company will then allocate the amount up to the limit of the policy. The verdict is enforced if the person does not possess an insurance policy.

Parents do not have the power to access their child's settlement amount. Normally, the settlement amount is deposited in a blocked bank account until the child becomes eighteen. But in some cases, if the child requires immediate medical aid or other emergency assistance, the court gives a special order to withdraw money from blocked accounts. …


Key Highlights for Insurance Bill in India: Increased Consumer Safety & Scope of Investment

The Insurance Bill passed in March 2015 in both the houses is expected to have a deep impact on the Indian Insurance industry. Much anticipated and awaited, this amendment offered a bunch of benefits to both the Insurance Company and the policy holder. Increased power to regulatory bodies, more protection to policy holders and increased level of foreign investment in the sector are some of the key features of the Insurance Bill.

Listed here are some major highlights of the bill and how they can affect you:

Increased Foreign Investment: The new amendment allows up to 49% foreign investment in Indian Insurance companies from now onward. This increased capital flow is expected to revitalise the industry all together. The national players now will be able to invest in new products and expand their portfolio manifold.

What does this mean to you: how is this going to effect you as a policy holder? Well, at a glance it may seem of no significance at all, but increased foreign participation means, increased competition, wider product range and more professionalism. The increased competition in the market will also reduce malpractices such as miss-selling and misleading the policy holders. So, in long run this move can actually change the entire scenario of Indian Insurance market.

An Empowered IRDAI: This act goes a long way in strengthening the fist of IRDAI. This governing body will now onward be involved in the grass root level, such as appointing insurance agents and monitor their eligibility, capability and professionalism.

Also this governing body is now empowered to regulate the key areas of Insurance Companies such as expenses, investments, commissions payable to agents, code of conduct etc.

What does this mean to you: This enhanced power to IRDAI is sure to curtail many malpractices that are rampant today in Insurance market in India. So, as a policy holder your money will now be safer than before.

Consumer safety: Indian Insurance market was never as safe as it is now from consumers point of view. If you are worried about being misled by the insurance agent, then this act will give you peace of mind. In an effort to curtail the malpractices, the new amendment levies penalty ranging from INR 1 Crore to INR 25 Crore on any Insurance Company that indulges in mis-selling and misrepresentation.

What does this mean to you: In view of this high penalty, companies are likely to enforce stringent norms for their agent, which will in turn give you more protection as a consumer.

The Bill will also make the payment process easier for the nominees of any policy holder.

Another very significant amendment that the Bill brought is the shortening of repudiation time period for any policy. Repudiation time is the particular time period within which a policy can be declared null and void in light of wrong information furnished by the policy holder. The new bill has shortened this time to 3 years, to keep the consumer interest intact.

Health Insurance: Health insurance …


Health Insurance – The Right Way To Do Your Shopping

Take some time out to shop around extensively if you want to get the best price / value in health insurance. Extensive shopping can be done in any of these ways …

a) Make a few phone calls to your trusted acquentions and know what they think of their insurer's services. What was the quality of service they used previously and what value do they get from their current insurers? You can ask to be referred to their agent if they give glowing reviews of his / her services.

Even though it looks fine to use an agent that is well-spoken of a trusted acquaintance, it also pays to have a chat with more than one good agent. This will increase your chances of landing an agent who will give the very best value and quotes. Take out time to compare quotes from each agent you were referred to. Have some discussions with them and you'll find out who will serve you best. This is really effective but also very time-consuming.

b) The Yellow Pages is also a good resource to contact agents and start your shopping. You can use this for starters but ensure you are very careful in settling for an agent without any referral or backing from a trusted institution. There are little challenges like the fact that it will be more difficult to know their reputation and quality of service.

c) Every state has an arm that is in charge of insurance there and always has useful information for all insurance buyers in the state. If you want real information you can rely on, this is the right place. Relevant information will certainly place you in a better position to make more savings.

d) Make use of consumer guides. They are a great for getting an idea of ​​what you should expect to pay for your coverage. You'll in addition read great tips that will make it easier for you to get the best in health insurance. Even though they show you insurers who have the best prices, the figures they give are usually estimated or for a particular profile. So, you're advised to still get quotes from several agents. If you're after the lowest rates then you have no alternative but to obtain many quotes.

e) It's also fine to call any insurance agent you know and request a quote. In doing this I also advise that you ask for quotes from other insurance agents. Request quotes from at least five different agents, compare their prices and the quality of service they will give and you'll get the best rate.

f) Get direct quotes from companies. Ask from as many of them as you can. A careful comparison of quotes you get will raise your chances of getting the best rate.

You will save much by visiting a minimum of 3 quotes sites. If you do this, you'll get the lowest quotes available since three sites will give not less than 15 health insurance quotes …