What You Need to Know about the Small Business Health Care Credit

Your Business may be eligible for a tax credit due to health benefits you provide to your employees. Small Business Healthcare Tax Credit Available

 

 

Trade in your old life insurance policy

Trade in your old life insurance policy for a brand new modern one.

Many of the new life plans not only pay a death benefit, but will pay

for long term care expenses while you live.

This might be when you need it the most.

Finding out more costs nothing.

Doing nothing can be very expensive.

 

Turning 65

Turning 65
When that magic age of 65 comes along many people are confused about what to do,
Or what choices are available to them.
Some questions to ask are:
When and where do I sign up for Medicare? Parts A & B? It can be done online,
Over the phone or in person..
Do I need to sign up for Medicare part B, the doctor part, which has a monthly cost and that cost is based on income ?
Do I have the option of staying on my group medical plan, and should I? If so do I need to pay for Part B of Medicare
What Part D drug plan do I need if any. And the cost of this plan is also based on income..
Should I consider buying out Long Term Care Insurance?
What happens to my other company benefits at this crossroads?
The above issues need to be discussed well in advance of turning 65 with someone knowledgeable on these issues, as the proper answers might save thousands of dollars..

Permanent life insurance that is not permanent

Many people pay for permanent life insurance policies that have an interest component. Interest being where it is today is slowly putting these policies underwater. By that I mean at some point many of these policies will have no value -0-. No cash value and no death benefit. The current policies of this type being sold today are now typically guaranteed to age 105 or higher.

It is critical for most people to have their life insurance policies reviewed by a life insurance professional to make sure that their policies will achieve their expectations. Otherwise they or their beneficiary may be terribly disappointed.

Be careful about paying for term life insurance after the initial term of the policy ends.

Term after the term

Be careful about paying for term life insurance after the initial term of the policy ends. A 20 year term life policy typically has a 20 year guaranteed cost. The cost of the policy starts going up every year after the initial term period, starting gradually. After a few years the yearly cost increase is not gradual.

All life insurance plans should be reviewed every few years to determine appropriateness. Also Your needs may have changed.

 

Turning 65, Medicare Parts A & B; Part D

Turning  65

When that magic age of 65 comes along many people are confused about what to do, Or what choices  are available to them.

Some questions to ask are:

1. When and where do I sign up for Medicare? Parts A & B? It can be done online, Over the phone or in person..
2. Do I need to sign up for Medicare part B, the doctor part, which has a monthly cost and  is that cost based on income ?
3. Do I have the option of staying on my group medical plan, and should I? If so, do I need to pay for Part B of Medicare? What Part D drug plan do I need if any? And is the cost of this plan is also based on income?

Should I consider buying out Long Term Care Insurance? What happens to my other company benefits at this crossroads?

The above issues need to be discussed well in advance of turning 65 with someone knowledgeable on these issues, as the proper answers might save thousands of dollars.

For more   information, call us:

Local: 410-484-2544  or, Toll-Free: 1-800-345-2910