Archive for August, 2008
Helping to avoid having medical expenses bankrupt you.
The news media informs us that many bankruptcies are a direct result of unexpected medical bills. Interestingly, those most often experiencing this tragedy are people that many consider financially ”well off” or in good occupations (and working!).
Three groups less likely to be affected by unexpected medical expense tragedy:
The very rich.
The very poor.
The employed where the company provides good group medical insurance.*
What [...]
But I never get sick …
Sometimes I have people tell me, I don’t get sick. Well, some people just don’t get sick … until they do.
For these people I often recommend a high deductible health plan. Then they are covered if and when they do get sick.
But some people, although they “don’t get sick” worry about accidents.
For these ones, I [...]
Saving some real money on your Group Insurance …
There was a story on the PR Newswire dated August 18th that talked about the growth of CDHP’s (Consumer Driven Health Plans). These plans typically have higher deductibles, and are often put together with a health reimbursement account (HRA) or a health savings account (HSA).
Both of these stategies will help keep an employer’s costs down. [...]
But what do I get out of term life insurance .. ?
You don’t usually think of Term Life Insurance as a retirement tool. We generally speak of this
as a means of having adequate protection during the raise-the-children years, or perhaps as a
tool for business, buy-sell agreements etc.
One of the downsides to term insurance is, … well, it’s for a term. Ten years, twenty years,
some fixed number [...]
Why Disability Insurance?
Disability income insurance provides income for when a disability keeps one from doing their normal work load. It can be either personal, or business oriented. Many do not have disability insurance, either because they do not see the need, or they think it’s not possible in California to get adequate coverage.
I have known quite a [...]
