Archive for category Retirement News

Reflections on Medicare from the National Academy of Social Insurance

English:

English: (Photo credit: Wikipedia)

Here is a document that I commonly refer to that was created by the NATIONAL ACADEMY of SOCIAL INSURANCE: you will NOTE this is NOT a republican or democrat document, members of the panel are from all parts of this spectrum and political arena, it’s contributors and panelists are the who’s who in the academia, insurance, and medical world. From Yale to Johns Hopkins to Princeton, Chicago, Wellpointe and more. This document called “Reflections on Medicare” was published in 2001 and it also includes / recounts the transcription of a discussion made in 1992 with Robert M Ball (Commissioner of Social Security from 1962-1973) & Arthur E. Hess (Director of Health Insurance 1965-1967) … (the years when Medicare was passed and rolled out) … in which on page 17 of this PDF document or page 3 of the conversation, you will find a very interesting commentary about the creation of Medicare Part B and the unintended impact on our entire health care system …. basically it says that Part B (outpatient services part of medicare) was literally created overnight as an afterthought as part of a ways & means committee with NO actuarial studies of the impact that it would have on the delivery of healthcare, this one action was the single most important shift into the change of our entire healthcare system and the delivery of services and how they are paid. This is the exact kind of rash, impulsive, foolish “leadership” like Pelosi stating that we need to “pass the bill so we can see what’s in it.” not realizing that there is far more at stake that impacts not only our healthcare system, but a systemic impact and overflow directly into our entire nations economy. I DARE YOU TO READ THIS https://catalistconsulting.box.com/shared/static/d455890f38020866b467.pdf

 

 

US residents with employer-based private healt...

US residents with employer-based private health insurance, with self insurance, with Medicare or Medicaid or military health care and uninsured in Million; U.S. Census bureau: Income, Poverty, and Health Insurance Coverage in the United States: 2007 (Photo credit: Wikipedia)

 

 

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Insurance Solutions for Breast Cancer Survivors

Catalist Financial has partnered with one of our Top Carriers to let the community know about some very important Insurance S0lutions for Breast Cancer Survivors.  Finding protection for your family should be the least of your challenges.

For more than 45 years, we’ve been providing protection for breast cancer survivors — and those who love them Massachusetts Mutual Life Insurance Company (MassMutual) has been proudly providing insurance coverage for breast cancer survivors since 1964. Today, thanks to the continuous evaluation of our underwriting guidelines, we believe more survivors than ever are qualifying for coverage with shorter waiting periods and lower premiums.

We work to ensure that the benefits of the most up-to-date diagnostic and treatment advancements are considered. As you take the next step in your journey, you can be assured that MassMutual will help you explore your various coverage options.
To learn more, contact a MassMutual financial professional at 317-441-4321

MassMutual’s insurance coverage can help provide the following “living benefits” for you and your family:
• Whole life insurance products (as long as the policy is in force) offer a guaranteed, cash value accumulation, which is tax-deferred and can be borrowed for any purpose. With supplemental retirement income, educational funding and a source of funds for emergencies, these products can offer comfort for you during your lifetime.1

• Term life insurance products offer death benefit coverage for a specified time frame and can provide policy owners with the ability to convert the policy during the conversion period to a permanent MassMutual policy, regardless of changes in the insured’s health.

• Disability income insurance benefits can help pay your mortgage or rent, medical bills and other expenses, if you are too sick and cannot work. A lengthy, chronic healthcare issue can affect so many parts of your life: from placing caregiving burdens on your family and potential asset depletion, to fulfilling your desire to live independently. A MassMutual professional will work with you and those closest to you to develop a strategy to address these concerns.

Protecting your family over the long term
Usual Medical Underwriting Requirements:
• Abbreviated medical examination (breast and gynecologic exams not required)
• Blood and urine studies
• Records from your physicians, to include:
• Pathology and surgery reports
• Records of any other treatment
• Follow-up visits and mammograms

For those currently in good health with no evidence of recurrent cancer, MassMutual uses the following general guidelines:

The above is a summary of MassMutual’s general underwriting guidelines. Because each person’s medical situation is unique, actual offers may vary depending on the specific factors involved.

Facing breast cancer is enough of a challenge without having to worry about how your family will be protected if something happens to you. At this time, there are about 2.5 million breast cancer survivors in the United States. Thanks to early detection and improved treatment options, that number is rising every day and more women are surviving breast cancer than ever before.*

You deserve a team of professionals who understand the challenges you face, and can provide options to help you make good decisions for yourself and for your family.

Take care of yourself, and protect those who love you, too.

Insurance products issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.  Some products and riders may not be available for sale in all states, and may have exclusions and limitations. For costs and complete details of coverage call your agent or MassMutual at 317-441-4321 for your local agent.

© 2009 Massachusetts Mutual Life Insurance Company, Springfield, MA.
All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.

* Source: American Cancer Society, Detailed guide: Breast Cancer www.cancer.org, updated May 2009

1 Distributions under a policy (including cash dividends, withdrawals and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (the cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty.

Access to cash values through borrowing, withdrawals or partial surrenders can reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.
WMI1292 909
CRN201109-124568

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Health care reform provision at-a-glance Long-Term Care

Under the Patient Protection and Affordable Care Act (or health care reform law), the secretary of Health and Human Services will establish a voluntary long-term care (LTC) insurance program called Community Living Assistance Services and Supports (CLASS) by January 1, 2011. The program will offer the CLASS Independence Benefit Plan, but the new law does not specify a date for enrollment. This is a government program.

What the provision does

The long-term care provision of health care reform law is designed to help individuals and families pay for long-term care. Fewer than 10% of older Americans currently have private LTC coverage. The CLASS program attempts to address gaps in coverage by offering a long-term care insurance plan. However, it offers limited benefits.

Who can enroll

Employers will need to decide if they will offer the CLASS program to employees. If an employer chooses to participate, employees age 18 and older must be automatically enrolled in the program, regardless of their pre-existing conditions. Employees can choose to “opt-out” if they don’t want to participate. CLASS is also available to individuals who are self-employed, have more than one employer or have an employer who chooses not to participate.

How the premiums will be determined

Premiums will be established by the U.S. Department of Health and Human Services secretary and will be based on age and not health risk. Based on the information available, we believe premium subsidies will be available for workers with incomes below the federal poverty level and full-time students age 18 to 21 who work.

How to qualify for benefits

After paying premiums for five years, enrollees will be eligible to receive benefits.CLASS will be administered by the U.S. Department of Health and Human Services

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This content is provided solely for informational purposes. It is not intended as and does not constitute legal advice. The information contained herein should not be relied upon or used as a substitute for consultation with legal, accounting, tax and/or other professional advisers.

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The Best Life & Health Policy Ever

Best Policy EverIf you would like to know more about how to get this policy, please CONTACT US:

POLICY PDF

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