Archive for July, 2009
Why buy life insurance?
When people think of life insurance, many think of the time when they are raising their children, and this is a very good reason to purchase life insurance. When young, a reasonably large amount of insurance may be purchased for $25 to $40 per month. Nothing equals this for value in protecting one’s family.
However, life [...]
What is Medicare, Medicaid and Medi-Cal?
There was a story in The Record yesterday, apparently picked up from the Wire Services (or so the editor told me), that made the statement that Medi-Cal is California’s version of Medicare. This is not correct, and since this is an ongoing point of confusion, I thought I would take a moment and explain.
Medicare is [...]
Madoff misery may hit some who thought they had escaped it …
The Wall Street Journal reported that court-appointed trustee Irving Picard is now looking to Madoff’s clients who got their money in previous years for them to ante up so that the money can be distributed “fairly”. To this end, he has filed so-called “clawback” suits. In other words, although these people were completely innocent of [...]
Is Cobra too expensive?
When a person loses a job, or there are cutbacks at work, they may find themselves in the position of being offered Cobra.
The term Cobra is named after the law that created the requirement that a person be allowed to continue their medical coverage. (Consolidated Omnibus Budget Reconciliation Act). Unfortunately for many, if not most, [...]
