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.

Learning The Secrets About Businesses

Know More About High Risk Merchant Accounts

High risk merchant account is basically a type of merchant account or a payment processing agreement that’s tailored to fit businesses which is deemed to be high risk or, operating in an industry that’s been deemed as such. As a matter of fact, these merchants are paying higher fees for the merchant services, which could add to their cost of business that then affects ROI and profitability. This is more common for those companies that were reclassified as being high risk industry and were not prepared to deal with operating cost as being high risk merchant.

There are a number of firms that specialize working with high risk merchants by providing competitive rates, lower reserve rates and/or faster payouts to which are specifically designed to attract more companies that have a difficult time to do business.

Businesses in different industries are labeled as high risk mainly because of the method in which they are operating, nature of their industry and several other factors. To give you quick example, some adult businesses are considered to be in high risk operation like auto rentals, travel agencies, legal offline and online gambling, collection agencies, bail bonds and other businesses operating offline and online. And because working with and processing payments for these companies carry higher risks for financial institutions as well as banks, they’re obligated to sign up for a high risk merchant account with different fee schedule than other merchant accounts.

Merchant account is actually a bank account but this function more like a line of credit to which it allows the individual or the company to receive payments from debit and credit cards that are used by consumers. The bank that is providing the merchant account is referred as acquiring the bank and the bank that’s issued the credit of consumer is called as the issuing bank.

Another important component of processing cycle is the gateway to which it handles the transferring the transaction info from consumer to merchant.

Acquiring bank can also offer payment processing contract or perhaps, the merchant might have to open high risk merchant account in which high risk payment processor collects the funds and then routes them to account at acquiring bank. In case of high risk merchant account, there are going to be additional worries regarding the integrity of funds and possibility that the bank might be financially responsible in case there are some problems that arise.

With regards to this matter, the high risk merchant account is often implementing an extra layer of financial safeguards to prevent such thing to happen. This then averts any unexpected events.


Real PDL Help Introduces Their Debt Management Services


(Olathe, KS)—Real PDL Help, a Kansas-based financial services company, has announced the introduction of their debt management services. The company has committed themselves to specifically helping clients who have found themselves stuck in the payday loan cycle without any knowledge of how to get out of their debt. Real PDL Help works one on one with clients to create a personalized debt relief plan that works for their individual income level and life situation.

Theodore Webb, a representative of Real PDL Help, stated “Over the last decade, the payday loan industry has grown at an alarming rate, as payday loan stores nationwide have started to outnumber popular fast food and coffee store chains. Unfortunately, this has only made it easier for consumers to get stuck in what we call the ‘payday loan debt trap’, paying as much as 400 percent interest on a loan that was meant to help them get by for a short time. In addition, many are getting scammed by fraudulent companies posing as online payday lenders. Not only are we helping people learn to identify a Payday loan scam, protect yourself from scams, and become aware of illegal lending practices, but we’re also giving them practical tools to get out of the debt they’re already in.”

Real PDL help offers consumers help with payday loans debt by guiding them through the loan consolidation process. By consolidating their payday loans, debtors have the potential to finally cut ties with payday loan companies, eliminate outrageous interest rates, reclaim control of their loan contracts, and make payments that are better aligned with their budget. Real PDL Help’s goal is to assist their clients in getting out of debt and to educate them on how to avoid these problems in the future.

As Webb goes on to say, “We want consumers who are currently in over their heads to know that assistance is available. Whether we simply give payday loan help, consolidate payday loans, or show consumers how to avoid getting caught up in illegal financial scams, we are proud to play a role in helping them get out of debt and get their lives back on track.”

About Real PDL Help:

Real PDL Help works one-on-one with people who are struggling with mounting payday loan debt, unmanageable monthly payments, and aggressive lenders. They guide debtors through the process of consolidating their loans, getting payday lenders out of their bank account, and creating a personalized plan that works with their specific income level. Their team takes pride in not just taking control of the process, but in educating clients about what’s happening, as well as what works best for them and why.


On Options: My Experience Explained

The Benefits of Having Knowledge About Working Capital and Finances

Almost all of the people all over the world are having a tough and difficult time in money management, up to this modern day and age, which is the reason why investments are being introduced and designed for them to provide them helpful and useful options for their extra money that comes from their salaries, wages and income in a better use, and there are basically two types of investments namely the alternative investment, like private equity, real estates, commodities, carbon credits, hedge funds, film production, venture capital and many more, and the traditional investment, a popular type of investments like equity shares, bond, cash and real estates. Investment is basically defined as a return or in other terms an investment income or capital gain, like rental income, dividends and interest, which could be benefited by the people who tried investing their money on useful investments, and finance is that field of study which deals with useful and beneficial investments for future use.

The study of science which deals with money management is also included in finance and it basically includes the assets, the economic resource than an individual owned and controlled to be able to gain economic value and the liabilities, which is basically a legal matter that the person or any entities are obligated to pay to other entities, and there are two types of liabilities, namely the equitable obligation and the constructive obligation. There are three categories of finances namely the public finance, it includes finances of related public agencies, sovereign states, sub-national entities and any other agencies, the personal finance by buying or financing real estates, cars, insurances, retirement savings, investment, educational plans and any other durable goods, and the last is corporate finance, is the fund sources and capital structures of corporations, the decisions done by the supervisors or managers to increase the value of their business to shareholders nor stockholders and assign financial resources by using any tools or analysis. Working capital or shortened as WC is the measurement of the finances, like operating liquidity or accounting liquidity, which is the measurement of the capability or ability of the debtor to pay on time their debts to other entities, which are available to business companies, government entities and organization and can be calculated by subtracting the current assets of the company to their current liabilities, and if the company has a lesser asset than their liabilities that would only mean that the company or any entities are experiencing a working capital deficiency or also known as working capital deficit. A positive working capital for businesses and government entities can only be ensured when they are able to continue their transactions and operations with adequate or enough funds to pay their debts and future expenses for their operations and managing inventories, cash or incomes, and their accounts that are receivable and payable is what compromises the management of working capital.


On Services: My Thoughts Explained

Choosing Mobile Credit Card Processing Products

If you own a retail business or any other type of business where you sell products or services, the topic of payment gateways must have come up several times in talks between you and your business partners. A business that aims for higher sales and greater success need to remember that what can help promote this is the convenience that they give to customers when they make purchases from their stores. If you want your business to succeed, you need to make it easy and convenient for your customers to make payments for your products or services. Payments to you are what keep your business going. Credit card, debit card, and mobile banking payments are perhaps the most convenient payment forms today. If you set up a mobile credit card processing facilities in your business then it will be very convenient for your customers to pay and this will increase your overall sales too. It is not only for paying convenient of the customer it is also for the accepting convenience of the business owner. Look up these following features if you plan to set up a mobile processing device for your business.

You should be able to accept credit card, debit card, and even check payment from your smart phone or tablet. You can find many mobile credit card processing products that have this feature. Payments will be easy to accept wherever your business takes you. There are even some mobile credit card processing products that will allow you to manage user accounts and reporting and send receipts via email to your customers, all from the convenience of your smart phone or tablet. Always be sure to get your mobile credit card processing products from a reputable seller. Getting your product from a reputable business is something that needs to be remembered at all times when you are trying to secure mobile credit card processing for your business. When you use mobile credit card processing products from an unknown seller, you risk having payments rerouted to a different bank account than yours. This is especially easy to do since everything is done electronically. The unknown seller is not always the one who reroutes the payments. IF sellers are unknown you are not sure if their systems are highly secured and if not there can always be hackers who can reroute your payments to their bank accounts. The seller of the mobile credit card processing product should comply with PCi standards and other security.

IF you have a secure payment system, you business, your customers and you well. Seeking advice from your bank or lawyer if you want to add mobile credit card processing to your business is also a wise move.


On Merchants: My Thoughts Explained

Finance: The Benefits a Credit Card Reader Can Give for Your Business

In this technological age, businesses are very much leaning on machines that process transactions related to credit cards. Such equipment are seen mostly in the food and retailing industry. This is because a credit card reader is able to accept payments from a credit or debit card owner.

A card reader is a very useful investment that your business should have. Most readers can support numerous Internet-based transactions including e-commerce, e-mails, and many more. These business equipment allow for a more convenient and accurate transaction not just for your customers but also for you.

Your credit card reader will be need a small keypad and display area, as well as power supply. It will first verify your client’s information, take the amount to be paid from your customer’s account, then deposit the money to your business account. Remember, though, that not all card readers will be priced the same so you should pick one that best suits your budget but will also work excellently for your business.

Some very reputable brands will also allow communication through telephone lines.

In an age where credit cards are undeniably very helpful in keeping businesses running, a card reader plays a very crucial role in making sure that sales transactions between the buyer and the seller will be accurately and quickly recorded and completed. Your business definitely needs a very reliable card reader that will determine if a customer’s account has the right amount of money on the card to pay for the item or product to be purchased.

Before getting a credit card reader, consider the following aspects to make sure the machine will be of good use to your business’ specific needs:

Experts suggest that if you have a seasonal business wherein you don’t settle a single location for a long period, choose a wireless credit card reader for fast transactions.

If you want something very lightweight and can fit in your pocket or one that you can bring anywhere, a mobile credit card reader is the best choice. This is especially advantageous if you’re travelling around a lot. It is also a very useful tool when you’re required to screen a certain account for a tricky transaction or if you need to assess a credit card’s loan policy and terms.

There will also be credit card readers which are suitable for businesses that deal with gift cards. For some machines, you may be required to get additional tools or equipment so you can read debit cards. Since there are various types of card readers in the market, you should only get one that will accomplish transaction tasks for your business so you won’t have to get a reader that you won’t really need.

A credit card reader will help you keep track of the billing system and will help avoid any invalid transactions that may cost you some money instead of get you big returns.