The History of (COBRA)

The History of (COBRA) The Consolidated Omnibus Budget Reconciliation Act (COBRA) stands out as a monumental piece of American legislation in the realm of healthcare. Its journey through conception, enactment, and subsequent evolution presents a captivating narrative of addressing health coverage gaps and navigating political landscapes. Origins: The seeds of COBRA were sown in the…

Life

Term Vs Whole Life

Term Vs Whole Life Term and whole life insurance are both valuable options, but they cater to different needs and come with distinct advantages and disadvantages. Choosing between them depends on your priorities and financial situation. Here’s a breakdown of the key differences: Coverage: Term life: Provides temporary coverage for a specific period, typically 10-30 years. If you…

mental health

Mental Health & Substance Abuse Coverage

Mental Health & Substance Abuse Coverage: Understanding Your Options Mental health and substance abuse are crucial aspects of overall well-being, yet access to quality and affordable treatment can be a challenge. Fortunately, many health insurance plans now offer coverage for mental health and substance abuse services, thanks in part to parity laws that mandate equal…

ACA Refunds & Employer Contributions

ACA Refunds & Employer Contributions The statement about the Affordable Care Act (ACA) refunding employer contributions up to a certain percent is partially accurate but requires clarification. Here’s what’s important to understand: 1. The ACA doesn’t directly refund employer contributions: While the ACA provides various mechanisms for employees and individuals to receive premium subsidies or…

LTC Insurance

Medicare Advantage when Compared to Original Medicare

Medicare Advantage when Compared to Original Medicare A recent study conducted by Harvard Medical School and Inovalon indeed suggests that Medicare Advantage plans may offer higher quality of care compared to Original Medicare in certain aspects. Here’s a breakdown of the key findings: Lower Readmissions and Preventable Hospitalizations: The study found that Medicare Advantage enrollees…

decreasing term mortgage

Decreasing Term & Mortgages

Decreasing Term & Mortgages Ah, decreasing term and mortgages! There’s an interesting connection between the two. Let’s delve into it: What is Decreasing Term Life Insurance? Decreasing term life insurance is a type of policy where the death benefit gradually decreases over time. Unlike level term life insurance, which maintains a constant payout, decreasing term…

joint life policy

Joint Survivor Life Policies

 Joint Survivor Life Policies A Joint Survivor Life Policy, also known as a Second-to-Die Life Insurance policy, is a type of life insurance that covers two people on a single policy. It pays out a death benefit to beneficiaries only after both policyholders have died. This makes it a popular choice for couples who want…

Medicare employers

Medicare and Employer Coverage

Medicare and Employer Coverage If you’re working after age 65 and have health insurance through your employer, you might be wondering how it works with Medicare. The good news is that you can have both Medicare and employer coverage, and they can work together to provide you with the comprehensive healthcare coverage you need. Here’s…