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

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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.

What you should know Before Playing Roulette

Do you wish to spend your extra time playing casino but you’ve got no idea on how you will play each game? Or, you are tired of playing your old casino game and would like to change with a more fun and exciting one? If that’s the case, then playing roulette is exactly what you’ve been looking for. Therefore, if learning how to play roulette is your problem, you can certainly gain a lot from this write-up.
Short Facts about History of Roulette
Introduction of roulette took place in 1665 by the renowned French physicist, inventor and mathematician, Blaise Pascal. The meaning of the French word “roulette” is a small wheel. Originally, Pascal is trying to invent a perpetual motion machine and not a casino game. Nonetheless, he failed with his experiment and on the second year, the invention is presented in casino and was named roulette. The game is now regarded as the most enjoyed casino games across the world, specifically in European and American countries.
Roulette Rules and Betting System
Roulette bet is contain 2 deviation, and these are the outside and inside bet. Inside bet is the form of bet in which you will give or guess right number on where the ball the will land on within the roulette table. Straight, split and square bet are included in inside bet. There would be a greater chance to win on outside bet because of the higher range of numbers that you can choose from. One of the classifications of outside bet are Red or Black, Even or Odd, Dozen Bets and Column Bets.
In order to figure out the outside and inside gamers, a few casinos are using various color of chips. In every set of game, there would be minimum and also maximum bets permitted. Gamers can continue to place their bets while the ball is still spinning around the wheel unless the dealer says “rein ne va plus” or “no more bets.” A mark will then be put by the dealer on the winning number once it is determined. Putting or getting rid of of bets which are already on the table is not allowed if the marker is still placed. It will be the time for the croupier to distribute the winnings and gather the losing bets also. Once the dealer is done with the collection and payouts, the marker will then be taken out, which signals the player that the table is ready for the next set of bets.
The Most Efficient Roulette Strategy
Roulette exists for over Three hundred years and so many people are hooked in this game. Players have tried out various methods on how to win roulette from http://how.wheretoplayroulette.com within those years. A few turned out to be effective while some didn’t work.  One of the most known effective methods on the game roulette is known as Martingale. It was in the 18th century where the method is launched. This depends on doubling of the bet placed right after a loss in a 50/50 chance of winning. With this, the gamers will be given the chance to recover all their loses on the previous games with an additional revenue.
In playing roulette wheel, it solely relies on your luck. Nevertheless, winning is achievable if you equip yourself with the best knowledge on how to play roulette and win.

7 Ways To Spend Less On Your Home Insurance Policy

Property is a prized possession, and to safeguard it from unexpected damages in the event of fire, flood, earthquake, etc. getting a home insurance is always necessary. However, if your existing health policy is exhausting your monthly income, listed below are a few sure shot ways with which you can control your home insurance costs:

1. Shop around: The decision of buying a home insurance policy should not be taken in haste. Instead, you must explore and make a list of insurance policies that are being offered by various insurance providers. You may also get insurance quotes online to estimate the costs of different policies. Choose a reliable company from which you can buy the comprehensive home insurance plan that suits your needs, and of course, your budget.

2. Increase your deductibles: Deductibles is the fraction of the claim that you have to pay before your insurer pays the claim as per the terms of the policy. The higher the deductibles you set, the lower premiums you will have to pay every month. However, you must set the deductibles as high you can afford.

3. Locate intelligently: Purchase the property in a strategic location but make sure that it is based away from the damage-prone areas. Reason being, if you live in a disaster-prone areas where flood, storm or earthquakes are a common occurrence, there are chances that your home insurance policy may have a separate deductible for such kind of damages.

4. Avoid making small claims: This is the most common mistake that many people make. You exhaust your policy in small claims thus leaving no room for bigger loss protection. Rather it is advised to deal with smaller issues on your own and keep this policy to protect your home from bigger catastrophic losses.

5. Improve home security: To avoid getting your home damaged from little mishaps, it is suggested to increase the security in your home by installing devices like smoke detectors, burglar alarm, etc.

6. Merge Policies with one Insurer: Just like you pool your internet, phone, and TV package, you can also merge your insurance policies with one insurer. Buy your health insurance, homeowners, life, and auto insurance plan from one insurance company and come out cheaper by bundling these insurance products together. You may also buy policies in a package that is less expensive as compared to single policies. It also liberates you from the trouble of policy renewal.

7. Eliminate Unnecessary Coverage: Don’t buy the coverage you don’t need. Like earthquake coverage is often unnecessary in most zones, don’t include jewelry if it is at a catchpenny price etc. Also exclude a land value from your policy. Covering land on which your house is constructed is simply of no use as it is unlikely that your land will be stolen or burnt is fire. So to save big, insure the value of your home only.

There are many insurance providers who offer age and profession discounts as well. Some times there certain discounts for retirees and people with good credit rating. Never eliminate the coverage that is important just to save your money as spending extra on important services will benefit you in the long run.

Understanding Why You Need Renters’ Insurance

You may have moved from your parents’ house into an apartment or perhaps recently graduated from school getting your own place for the first time or you may have decided to rent a house rather than own. You have lots of items on your “to do” list and getting renters’ insurance may not be a high priority. A lot of people don’t feel they need this type of insurance because they don’t own “much” or feel they have nothing to lose. There are several good reasons why you really do need this type of coverage.

There are two main coverages provided by a Renters’ policy (aka: tenants insurance.) The first is coverage for loss due to fire, theft, etc. for your personal belongings. Most people don’t realize how much they own. If you had to replace everything that you own, every piece of technology, article of clothing, furniture, sports equipment, etc.; it could create a financial hardship that would take time to recover from.

The other coverage that is even more critical is your personal liability. Here are some major considerations that you may not currently understand about this coverage:

· What happens when you play sports and accidentally hit another person with a baseball or golf ball, etc. Who do you think will pay for the medical expenses and loss of earnings for example for that person? What if you take an airline flight and accidentally hit someone with your carry-on luggage while taking it out of the overhead bin? Your first thought may be- “Let them sue me – I don’t own anything!” There are a couple of problems with that thought process. First, it is just morally wrong and second, you not only have your current assets at risk. Your future wages could be at risk as well. If you were to be sued, could you afford to defend yourself and pay the judgment that could follow?

· Another issue that you may not have considered is causing damage to your landlords’ property. We all do things unintentionally. You could leave a stove burner on, leave candles burning that you forget about or leave the water running in the tub while you answer the telephone. Damage caused to your unit or units above and below you caused by your negligence could be your responsibility.

· Most people may not have had experience with having a loss or just don’t think it will happen to them. Unfortunately, it happens all the time! I recall a renters’ policy loss where the tenants left candles burning and caused hundreds of thousands of dollars to the house they were renting.

Most insurance carriers provide discounts for having multiple policies with the same company. You may qualify for a discount on your auto insurance too. The cost of renters’ insurance is probably a lot less than you think! Contact a good independent insurance agent to find you the best coverage appropriate for your situation giving you the best value for your premium dollars.

Tips to Find Home Insurance at an Affordable Price

Buying Home insurance can always be termed as a good decision since it gives you appropriate financial cover in the event of theft, damage, robbery, earthquake, storm, or more. However, many people do not think of it as a necessity and often avoid purchasing it so as to save their money.

Keeping in mind the benefits associated with home insurance, the price cannot be considered as the best comparison point. After all, it just doesn’t cover for your home but also for your belongings and gets you monetary aid even in the case when you’re liable for third party injury or property damage.

Though there are numerous factors that determine your policy rates, the most obvious ones include the location of your property, its age and construction type. Newer homes in areas are less prone to damage, natural disasters and crime, and are also cheaper to insure. This definitely is something that you can’t control, but there are certain other ways that can make you eligible to get cheap home insurance. Read on:

1. Shop Around: Like everything else, you need to shop around to find the cheap home insurance. Online websites and tools can help you a lot in finding the best policy. You can even compare two and more policies online to pick the most suitable one for you. Never assume that a certain insurance firm offers cheap home insurance that clicked for someone in your friends and family, for your needs and situation can be entirely different from theirs, and so the same policy may not be the best option for you.

2. Bundle your policy: Rather than buying a home insurance policy from a separate provider, consider bundling it with your existing insurance provider – for instance, home, car, and life – with the same company. This way you’ll get a discount for having multiple policies with the same company.

3. Don’t over insure: When it comes to buying a home insurance policy – homeowners try to get cover for anything and everything for obtaining optimum protection. However, it is advised to get coverage only for what you actually need. Also, try to get insured for how much it would cost to rebuild your home, not re-buy it. This is an important factor because market value considers the location of your home and value of your land. Your homeowners’ policy would not pay for any damage caused to your land.

4. Consider a higher deductible: You can opt to pay a higher deductible in order to pay off the entire insurance premium at the earliest. This will not only help you get better cover at the same price but will also let you get better rebates when filing your taxes.

5. Add safety features: Integrating safety features such as deadbolts, smoke detectors, fire extinguishers, etc. may get you good discounts on premium payment. If your home is located in a disaster-prone area, check on the special modifications you can make to further reduce your premium.

6. Check Your Credit Score: Poor credit scores not only affect your ability to get a loan but can also lay an impact on your insurance premium. Let’s say, if your credit score is low, you may have to pay a high premium value. Work towards bettering this score by making your payments on time and maintaining a good banking transaction record. This will in the course of time improve your credit score, which will lead to you needing to pay a lower premium in future.

All in all, opportunities to find the cheap home insurance are all around you. You must, for your part, take time out to find out the most suitable policy as per your need, which will enable you to save considerably more in future.

A Homeowner’s Guide: Insurance Scores Explained

Do you understand insurance scores and its relevance on your policy’s premium?

Here’s the classic illustrative example:

Barbara and Gail are neighbors, living just houses away from each other.. Barbara lives on the corner property on Farms Road, while Gail lives smack in the center of Farms Road. Both women marvel at how similar their homes look on the outside. They chuckle at the personal joke they share about the interiors.

“If not for the vast difference in home decorating tastes,” says Barbara with a broad grin, “we’d live in identical looking homes and our kids would mistakenly enter the wrong house when returning from elementary school!”

The joke kept smiles on their faces until they discovered a serious difference in homeowner policy cost. Gail was paying a premium of $1,300 on her homeowner policy while Barbara only had a premium rate of $700. Gail couldn’t believe the fact that the price tag on her home insurance plan was $600 more for coverage on a very similar home from the same independent agency.

Gail was desperate about getting to the bottom of the enigma so she drove to the agency’s office immediately after work one day.

As soon as she met the broker, it was clear he knew his facts. He proceeded to lay everything on the table.

Although Gail’s home matched Barbara’s in size, layout and look, there were numerous reasons why her premium was so much higher.

It boiled down to Gail’s insurance score which reflected numerous things:

• Gail was a landlord who rented out her basement and collected rent for it
• Gail had submitted previous home damage insurance claims to the insurance company
• Gail’s credit score ratings were quite low, certainly not as good as Barbara’s

Despite the fact that Gail still had to contend with her $1,300 insurance premium, she understood the reasoning behind the spiked difference she paid in relation to Barbara.

Contemplating her situation on her way home that evening, she marveled at the fact that two homes could be almost identical and still so very different. She knew now that nothing pertaining to the insurance industry is clear cut. Though the layman can perceive something one way, it is the professionals who know all associated matters. If there was one lesson to be learned it was the importance of having a professional answer your questions.

Now it was time to smile again!