Tag Archives: South Carolina

Using an IRA Trust

trust being broken down into alma mater children grand children spouse

What is it? What kind of benefit could it provide?

Provided by Reeve Conover, Conover Consulting

Seemingly everyone has heard of an IRA, but few people know about IRA trusts. Perhaps more people should, for an IRA trust may provide a way to “stretch” IRA assets for decades to benefit multiple generations.

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What Does Your Home Insurance Cover?

homeowners insurance policy magnifying glass

Take a moment to see if you are adequately protected.

Provided by Reever Conover – Conover Consulting

Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is a wise idea.

Homeowner policies routinely provide tornado, windstorm, & hailstorm coverage. If a tornado, windstorm, or hailstorm damages your home or yard, the insurer will commonly pay out in response to your claim, unless your residence has somehow failed to qualify for such coverage.1,2

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University Hospital in Augusta, GA Joins Blue Option

blue cross blue shield of South Carolina

BlueChoice HealthPlan and BlueCross BlueShield of SC are pleased to announce that effective Jan. 1, 2017, Blue Option members now have full access for covered services at the University Hospital in Augusta, GA, and approximately 420 of its affiliated physicians and providers. 

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Blue Cross SC drops Walgreens and Rite Aid on October 1

BLUE CROSS drops rite aid and walgreens

Effective October 1, 2016, all Blue Option individual and family plans under the Affordable Care Act (ACA) will be covered by the Advanced Choice Pharmacy Network. This is an exclusive pharmacy network impacting current members, as well as members with new plans sold with effective dates October 1 and beyond. Exclusive pharmacy networks are a necessary step toward controlling prescription drug cost increases that continue to trend upward.

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SC ObamaCare Exchanges to “implode”?

This is from the Post Courier on July 2.  For the full article, click here.

COLUMBIA — With insurers struggling to make money and access to plans severely limited, top South Carolina health officials warn the Obamacare health insurance marketplace is on the verge of collapse.

Obamacare was supposed to create a competitive platform for customers to shop for coverage. But in most South Carolina counties, HealthCare.gov more closely resembles a monopoly dominated by the largest private health insurance company in the state — BlueCross BlueShield.

Next year, access to Obamacare in South Carolina will likely become even more limited. United Healthcare, which sells Affordable Care Act plans in five counties and in several other states, has announced it will leave most markets in 2017. The company estimates it lost $475 million on Obamacare customers across the country last year.