HOW does greece impact me?

Is it all negative, or are there opportunities to consider because of the crisis? Presented by Reeve Conover  Many economists think a Greek default is inevitable. As we enter 4Q 2011, Greece has a debt-to-GDP ratio of about 160% (and that percentage is rising). While Greece accounts for less than 3% of Eurozone GDP, ripples from a Greek default could …

COULD YOUR SOCIAL SECURITY INCOME BE TAXED?

A closer look at the provisional income rules. Presented by Reeve Conover  Many new retirees assume that Social Security income is tax-free. That is not always the case. The Social Security Amendments of 1983 opened the door to taxes on some SSI, depending on the amount of income someone earns in a calendar year.1  How much of your SSI is …

Weekly Economic Update October 3

  WEEKLY ECONOMIC UPDATE     WEEKLY QUOTE “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” – Oprah Winfrey   WEEKLY TIP With the holidays just ahead, consider automatic paycheck deductions into an online savings account. These accounts may reap a …

The Annual Medicare Season can be very confusing

The annual Medicare Open Enrollment season begins on October 15, and runs through December 7, 2011.  This is the time each year when seniors should evaluate their medicare supplement insurance, and prescription drug program.  If this applies to yourself or anyone you know, continue reading… As a specialist in Medicare Coverage programs, you should be aware that: –          There are a number …

John Hancock Long Term Care update

New York State has still not responded to John Hancocks request for an increase in their Long Term Care policies and Partnership Programs, as of September 1.

Do you know someone on the NYS EPIC Prescription program?

If so, they should be aware that this plan no longer meets  the requirements of “creditable Coverage” – and therefore may cause them to have a penalty.  They are required to have Medicare Part D coverage in most circumstances, and that means if they don’t, they could be subject to higher premiums when they need it. Furthermore, the EPIC plan …

Weekly Economic Update, September 19, 2011

Reeve Conover Presents:   WEEKLY ECONOMIC UPDATE     WEEKLY QUOTE “When you come to the end of your rope, tie a knot and hang on.” – Franklin Delano Roosevelt     WEEKLY TIP Consolidating your banking and money management accounts at one institution could mean fewer or lower banking fees, and maybe some perks as well.     WEEKLY RIDDLE You have …

Long-term Care Solutions that Offer Stability

An interesting article on some of the changes occurring within the Long Term Care products, and why those changes are occurring.  By SHAWN BRITT Published 9/9/2011  Subscribe to Life & Health There has been a lot of upheaval recently in the standalone long-term care (LTC) market. With some companies petitioning state regulators to allow rate hikes on stand alone LTC as …

Weekly Economic Update for August 29

WEEKLY ECONOMIC UPDATE     WEEKLY QUOTE “The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes.” – Lee Iacocca     WEEKLY TIP Take a look at your withholding. It might be wise to adjust it before the end of the year, especially if you make estimated tax payments (and even if you …

Why the new Pre-existing pools don’t work

I have a number of clients that cannot get health insurance, but do not qualify for the “Health Care Reform”- generated  PCIP, and so are faced with the choice of insurance or food… Reeve GAO: Federal Risk Pool Awkward, Costly   By ALLISON BELL Published 8/26/2011  The new federal Pre-Existing Condition Insurance Plan (PCIP) program is hard to get into, too expensive for …