Why Consider Medicare Supplement Insurance Over Medicare Advantage Plans?
Recently, the Kaiser Family Foundation predicted that somewhat over one out of five Medicare beneficiaries would select a Medicare supplement plan in the coming year. At the same time, almost 30 percent will choose a Medicare Advantage plan. Supplements used to be more popular, and it's fairly obvious that Medicare Advantage has gained in popularity at the expense of supplements. Given...
Why Consider Medicare Supplement Insurance Over Medicare Advantage Plans?
Recently, the Kaiser Family Foundation predicted that somewhat over one out of five Medicare beneficiaries would select a Medicare supplement plan in the coming year. At the same time, almost 30 percent will choose a Medicare Advantage plan. Supplements used to be more popular, and it's fairly obvious that Medicare Advantage has gained in popularity at the expense of supplements. Given...
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Who Does a Typical Auto Insurance Policy Cover?
Almost all vehicle owners have to pay for car insurance. The problem is that many of these people don't really understand who their policy will cover. Drivers can be sure that anybody named on a policy is covered for the car that the policy was purchased for. However, policy owners may not be sure...

Which Kinds of Cars Cost Less to Insure?
People who are in the market for a new car tend to shop for the best prices. These car shoppers want to be sure that they can afford the monthly payment. When shopping for a new car, it's also a good idea to consider the cost of insuring the vehicle. For some people, the cost of auto insurance is...

What Parents Should Know About Insurance for College Students
About 20 million American students head off to college each fall. These days, typical families struggle to help their children pay for housing and tuition. It's a good idea to make sure that parent's insurance policies provide adequate coverage for teens and young adults who plan to live away from...

The Importance of Renters Insurance for America's Rental Boom
Over the past decade, the percentage of Americans who have chosen to rent their homes has grown. This trend is expected to continue over the next ten years. Even more surprising, this trend is true for people in all economic classes and family types. Even though most renters decide to live in an...

Should You Consider a Modified Endowment Contract for Retirement?
A modified endowment contract, typically called a MEC, is simply a fancy way of referring to a life insurance policy that doesn't meet certain IRS guidelines for typical life insurance policies. This is because these policies don't pass the government's 7-pay test. This means that these policies...

Should You Buy Long Term Care Insurance for Retirement?
Many Americans seem to have some misconceptions about who pays the bills when elderly people need long term care. Medicare only offers short-term coverage under specific circumstances. Medicaid does pay for nursing care for many American seniors, but this is only after recipients have exhausted...

Do You Need to Consider Personal Umbrella Insurance?
Umbrella insurance isn't intended to help you keep out the rain. On the other hand, it might help you keep a roof over your head. This kind of policy gets its name because it broadens and extends typical liability policies. If you have worked hard to accumulate some assets, you might consider...

10 Reasons You May Not Pay the Health Care Penalty
The Affordable Care Act (ACA) created a new system of health insurance in the U.S. in which the amount you pay for your policy is no longer affected by any pre-existing conditions, such as cancer or heart disease. However, you will have to pay a higher amount if you use tobacco. The Act requires,...

When the Minimum Car Insurance Isn't Enough
It’s well-known that in almost every state, you need car insurance. And when most drivers are starting out, they usually go under their parent’s policy. But then a few years go by, the kid is older and self-sufficient, and they get their “own” car insurance. That’s...
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