Medicare Eligibility – Helpful Tips

Insurance 6At age 65, most people qualify for their Initial Enrollment period with Medicare. It’s during this time that you can buy a Medicare Supplement without having to answer health questions. Typically, you only get one Initial Enrollment period. It begins three months before the month of your Medicare eligibility and ends three months after the month of eligibility. The month of eligibility is the month of your 65th birthday, if you become eligible for Medicare because you are turning 65 years old.

The Initial Enrollment period is a great opportunity for people to get Medicare health insurance. That’s because, typically, insurance companies must use medical underwriting to determine whether to accept your application. However, if you enroll during your Initial Enrollment period, you can buy any Medicare Supplement policy (that’s available in your area) without having to answer health questions and insurers can’t deny issuance of your policy.

It’s important to note that people with Medicare, due to disability, will be eligible for a second Initial Enrollment period at age 65. The same way anyone else becoming eligible for Medicare, for the first time, qualifies at age 65.

In most cases, Medicare Supplements pay what Medicare doesn’t cover at the hospital and doctor’s office. However, Medicare Supplements do not cover the majority of prescription drugs.

For drug coverage, you should consider enrolling in a Medicare Prescription Drug plan. Also known as Part D, this is separate and voluntary insurance that may help lower your prescription drug out-of-pocket costs. As with Medicare Supplements, private insurance companies offer Part D drug plans.

Although Part D is deemed “voluntary”, there are consequences for not enrolling in a qualified drug plan when you first become eligible for Medicare. That penalty is about 32 cents per month for every month that you could have enrolled but didn’t. The penalty is a lifetime carry which often times surprises people.

It’s important to compare Medicare Supplement benefits and prices before you decide which plan is right for you. That’s because all Medicare Supplements are standardized which means the plans offered and the benefits in those plans are the same for all companies.

There can be big differences in the premiums that different insurance companies charge for exactly the same coverage. By shopping and comparing, you could save hundreds of dollars per year.

There is a free service that can help you choose wisely by providing you with a list of companies who offer the most coverage at the lowest price, in your area.

The Need for Flood Insurance Is Real

Insurance 9Unfortunately for Californians, the flooding this year is here. As predicted the rains have come from our long long drought. After three years, the rain gods have answered.

A common misconception in California is that only the people in the Midwest need flood protection and that is a poor argument. Although the floods that we get in California are different they are certainly not nonexistent.

Lucky for many of the residents of the San Francisco Bay Area, Flood Insurance can be inexpensive you if you live in a good flood zone and your community participates in the National Flood Insurance Program, otherwise known as the NFIP. National Flood Ins is essentially underwritten by US National Government through the Department of Homeland Security.

Clients that live in A and V flood zones, unfortunately will pay much more in flood insurance costs. Sometimes upwards of 9 or even 10 times that cost. There are, of course, numerous other rating factors involved such as the exact elevation of your house and the foundation you have. Clients that live in these so called high risk flood zones are increasing being tasked with a herculean task of paying flood prices that would make the average consumer’s eyes water. Trust me, it’s a high number

In a recent article on CNBC, now titled California’s El Nino floods keep roofers, insurers busy. The article gives the impression that Insurance can be had for only 400 or 500 dollars. And while that may be true for some, it is not true for those who live in higher danger flood insurance. The $400 pricing is usually most associated with what is known as Preferred Pricing, which many clients can and will qualify for.

What should a client that lives in a high risk flood zone in California do? Shopping around with flood insurance is not likely to help them as much as with regular homeowners (home insurance) insurance. However, there are certain times when a private flood provider may make sense. Many agents are not aware of these options.

Of special note is that Floods are almost NEVER covered by your ordinary home insurance. Another special note is that a new flood insurance policy will typically require a thirty day waiting period before it goes into force.

So, is it too late to buy flood insurance, Califorians? Personally I do not think so, but it is getting close. Time is running out.

Secure Your Finances With Three Simple Actions

Insurance 5

Millions of people do not understand how important it is to be financially stable. Financial stability does not necessarily refer to having a well paying job and a lot of money. In order to be secure, one has to know how to handle their monetary resources. You need to be able to determine how you will spend, save and invest your money. This will make sure that you are financially secure.

How to use your money

There are simple tricks you can apply to your life to ensure you are utilizing your money well. The three main elements are to make sure you can;

· Spend

· Save

· Invest

When you get your salary or profits from your business ventures, you must be willing to pay attention to all these three areas. The secrets to maintaining a constant structure that will ensure you are financially stable is by following the pointers below.

1. Budget

Always budget whenever you get your money. Be logical when you do so. Write down all your expenses and needs. When you budget, always indicate payments you have to make to insurance companies or loan payments if they are not part of your net pay. Once you have a clear picture of how much you are spending, you can now know how much to save.

2. Saving

Choose a savings account that will generate more funds for you. You may need to do some research before you settle for one. If you have dependents, you may want to put money aside for their needs as well such as tuition savings. Allocate your savings according to your needs.

3. Invest

Investing ensures that your future is secure. Once you have done your savings and budgeted well, make sure you take a leap of faith and invest your money in other ways. For instance, you can put some money into company shares.

For the sake of your family, you can also apply for insurance. Life insurance is the best since it covers both you and your loved ones. There are many options available for such insurance covers like new policies that offer life insurance without medical.

With these three factors in place, you can begin to take charge of your finances. In the event that you have extra money to spare, hiring a financial manager will ensure you keep track of all your expenditures. Be sure to prioritize in the first stages so that you meet your goals and live within your means.

On Resources: My Thoughts Explained

Tips for Getting the Best Forex Rates for Travelers Every expert traveler knows it’s vital to have cash available when you travel. Usually, it begins the second you land–you’ll need the right currency for taxi fare from the airport, and also for tips at the hotel. So, where do you go to find the most attractive foreign exchange rates, and how do you grab them? It’s all an issue of balancing cost and convenience. So what options do you have? For starters, airports and train stations normally have currency exchange desks for travelers to convert their cash. This, however, is the least advised method as commissions and transaction fees are often excessive. You may find a few desks that charge zero commissions, but their rates tend to be uncompetitive. As an alternative, there are ATMs where you can withdraw just enough cash to bring you to town.
The 10 Best Resources For Resources
Once you’re there, look for a local bank. Their rates are the most current, not to mention most reasonable, and they don’t normally charge a commission. Or, if your bank allows you use to use your ATM card on another bank’s machine without cost, then go ahead and exchange all of your cash right there.
What I Can Teach You About Funds
There are foreign banks that offer great exchange rates. Some banks charge no fees if a customer is using a specific ATM abroad, but other banks will impose charges for every single ATM use. At least a week before leaving, make sure you ask your bank for the names of their international partner banks. On top of fees, banks may also collect a foreign exchange cost, which is usually a percentage of your withdrawal. In such a scenario, it’s better to get a bigger sum of money for every withdrawal, rather than paying too much fees for several withdrawals. Unfortunately, while they would have been convenient, hotels are a bad place for changing money as their rates are normally undesirable and the transaction fees sky high. What about travelers checks? Not recommended. Remember, with a traveler’s check, you are lending the issuer a lot of money at zero interest. That could be one reason you’re given the checks in a nice wallet. Their secret wish is that most of those checks – if not all – will stay in your dresser drawer. Lastly, one of the best ways to get the best exchange rates when traveling is simply to carry a credit card with zero foreign transaction fees. With no conversion fees, charging larger sums when you’re on your trip couldn’t be simpler. Regular credit cards are, of course, another option, but card issuers usually charge up to three percent for each foreign transaction. In any case, be sure to tell your issuer in advance about your plan to use your card outside the country. Otherwise, with the sudden appearance of foreign charges, they might freeze your account thinking your card has been stolen.

If You Think You Understand Options, Then This Might Change Your Mind

Why Get a PayPal Credit Card Reader?

Business that are not yet taking credit cards as a form of payment need to start today. The loss of business that you are suffering in today’s plastic minded economy will more than compensate when you bear one. If you are now accepting credit card payments through a standalone terminal then you are being charged with huge fees for the terminal but you can instead be completing transactions whenever and wherever you are.

There is a lot that you need to know about “point of sale” (POS) or “point of purchase (POP) systems that you can choose from. Businesses can easily afford these and it is also very easy to use. It can accept payments and process sales but it can do more than that because it comes with many time-saving features which include inventory management, staff management, marketing tools, customer data gathering, task automation, and other capabilities that make it easier to run and grow your business.

You can accept payments anywhere is a simple way through mobile payments. Now, with mobile payments you are no longer restricted to a specifically defined are when you make business transactions because you don’t need any apparatus to hook to any terminal.

It is through PayPal that you can accept payment via your point of sale which is a very easy and flexible method. It is here where your business goes wherever you go.

With two mobile card readers from PayPal powered by the PayPal here app., you will be able to start accepting debit and credit card swipes within minutes. These card readers are very mobile because it simply uses the audio jack of your Smartphone and connected to the card ready so you can start processing payments with it. The other model is much smaller than a regular Smartphone by proportion and you can bring this in and out of your store like in trade fairs, street festivals and other events. You can pair this device via Bluetooth with this unit.

To be able to accept credit and debit card payments you first need to download the pay pal app then attach the card reader to your mobile phone.

It is possible to choose from different types which makes it really neat and cool. You can either get the small one for a fifteen dollar investment or you can get the one that has the leading edge which you can get for less than fifteen hundred dollar investment. This PayPal card reader is a relatively cheap investment compared to the bulky standalone card readers. What’s more, both are small enough to fit in your pocket.

Source: http://www.meaningfulwomen.com/new-research-reveals-modern-businesses-struggle-to-stay-in-the-green/

Where To Start with Loans and More

Pointers for Selling Structure Settlement

Selling your structured settlement or annuity can give you the opportunity to fix the problems you have or make your future brighter. Don’t do it for just any reason, however, but when having access to a big lump sum benefits you more than receiving over the course of years, go ahead.

Below are good reasons to sell your structured settlement:

> To avoid foreclosure or buy a new home

The yearly or bi-yearly payment may be inadequate to keep your home from being foreclosed, and selling your settlement can give you the cash you need. Your yearly or bi-yearly payment may fail to save your home from foreclosure, and selling your settlement can be the solution that will give you the cash you need. Or renovate your current home. Access to a big lump sum can help you in a lot of tough situations.

> To start or improve business

Selling your structured settlement is also a good way to begin a business or improve an existing one.

> To prepare for college

Now is always the best time to invest in the future, whether yours or a loved one’s. Getting access to a large lump sum offers you a chance to grab more valuable opportunities.

> To pay off debts

If you have unpaid hospital or rehabilitation bills, selling your structured settlement can be a good way to wipe them out.

> To make financial investments

When you have money to invest, you can do what you want with it and make it work for you. When you have control over the money, will be able to seize opportunities as they arrive.

How to Sell Your Payment

Not many people know and understand the process behind selling a structured settlement. Hence, you should do some honest-to-goodness research before you take the leap and finally you’re your annuity over.

Getting the Most from Your Annuity Sale

After deciding to sell and determining when it is right to do so, start checking out different companies that will trade cash for your settlement.

> Get in touch with your chosen company and talk to a knowledgeable representative. They should provide most – if not all – the answers you seek.

> Don’t forget to read the fine print. Rushing to the close is never wise to do, whatever new endeavor you begin. The company must be reachable to you at every stage of the process, and even after it.

> Get a court date to obtain the approval of a judge on your plan to sell. You need to explain to the judge your reasons for wanting to sell your structured settlement.

After learning about the entire process, you can decide more wisely as to whether or not you should sell your structured settlement. And when you actually decide to sell it, do what you can to maximize your gains from the deal.

Source: http://www.theculturesupplier.com/finance-details/meet-regular-people-climbed-debt/

The Best Advice on Financing I’ve found

How to Manage Money Like A Billionaire

A lot of people do not like the idea of getting money management tips from wealthy people because the amount of money that most rich people make in a month might be more than what other people make in one year and this can make their advice irrelevant. Despite this there are some financial tips that one can get from rich people that can benefit them a lot and one of these important tips is to start early because the earlier one begins on issues like saving and investing money the better off they will be compared to when they want to go down the same path years later and they do not have enough time to learn from their mistakes.

The next move is to find one’s passion because as much as one’s bank account may be empty believing in oneself is the most crucial thing because change is possible in whatever situation, but the first step is in believing in oneself. There are cases of millionaires that were once homeless single fathers, but they chose to look for one thing that they like to do such that when they cannot wait for the sun to rise up so that they can do it.

The other important thing is to simplify one’s life because most insanely rich people drive the same car for years or have been living in the same neighborhoods for a long time. Some wealthy people in the billionaires club either walk, ride or use public transport to move around every day because it is not only easier on the bank account but it is also better for the environment and they also show that taking public transport is not something to be ashamed of. Some wealthy people have a habit of keeping cars for long and they drive cars that are at least a decade old because they know that cars are not a status symbol and their main aim of having a car is getting from one point to another safely and in a comfortable manner.

When one experiences financial hard times it can be hard to take lessons from rich people but some of these people began from very humble financial backgrounds and this shows that despite the financial background of a person they can still improve on it and get to where they want to go and this tips can come in handy in many instances. One of these great tips is to buy low and sell high avoiding wasting any money and finding one’s passion and making it work even that means working a low paying job and some of these tips are not just about money but about life as a whole.

Source: http://aspiringgentleman.com/advice/beginners-guide-money-management/

How to Achieve Maximum Success with Funds

A Guide to Personal Finance

When planning on being able to make some savings, get always to make sure that you can be able to have some self-esteem, that is, you can be able to control yourself thus being able to make some reasonable savings, likewise, you get to make sure that you have been able to set limits. That is, you can be able to know how much you will be able to save every month, with the self-esteem, you get to ensure that you never spend any of the saved amount thus making sure you have been able to improve on your overall wellbeing.

On the other hand, never let someone else be the manager of your funds or money, learn on trusting yourself to be able to handle your money, so doing gets to give you the responsibility you require, likewise, you will be able to make sure that you have your limits. Such that when it gets to a certain amount, you can be able to withdraw the cash and make use of it, so doing ensures that you can have a sense of life, and you can be able to do meaningful changes within your life; likewise, you get to make sure that you can be able to help someone else.

Being able to save the money is one point; however, you have always to be accountable, you might not be in some cases able to save much money, but you should always make sure that you have learned about how to be accountable for your money. That is, you can be able to trace your money down to each and every expenditure, so doing gets to ensure that you never waste money, more so, you will know on which costs you can cut on or even reduce on thus making more savings.

Being able to properly save can make sure that you have been able to sought out any emergencies that might appear, likewise, you get to ensure that in no case will you ever lack some funds within your account, so doing makes sure you are safe no matter any financial crisis that might come your way. Furthermore, being able to have your personal savings will not need you to have a fixed deposit account, with being able to use your deposit account thus differentiating how much you would like to save or even the expenditures you would like to use.

Source: http://mybrokencoin.com/high-rollers-the-difference-between-gambling-and-stock-trading/