Here are all the articles I've written about Financial services. Enjoy!

February 19th, 2016

Intro: The Insurance Mom’s Guide to Better Living Through (Cheaper) Chemistry!

Hi Insurance Mom Family,

 

OK, let’s talk prescriptions.  But Mom… they’re so expensive!  I know, sweetie.  The Insurance Mom hears you.

 

Yet another (un)intended consequence of the Affordable Care Act… formulary shrinkage.    The formularies are the lists of drugs your insurance company covers – generic and brand name.   Most people just pay up at the pharmacy and don’t know they can actually shop around for better prices.   Just because you have health insurance doesn’t mean you’re getting the best price!

 

To help you along the way, we’ve written a blog series we call …

“The Insurance Mom’s Guide to Better Living

Through (Cheaper) Chemistry.”

high-cost-prescription-medications-health-care-concept-money-flowing-open-pill-white-background-34658791

 

This FIVE part series walks you through money saving tips & tricks from the moment the doctor writes the script to the moment you pick it up at the pharmacy.  Keep tuning back for the next five Fridays to learn to speak Rx.

 

As an intro, click the hyperlinks for these great articles from the website, GoodRX and another one from Consumer Reports.

 

In the meanwhile, talk to me!  What are your insurance concerns for the coming year?…

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August 27th, 2015

The Insurance Mom’s Handy Cheat Sheet!

Are you confused and frustrated by your health insurance?  Having health insurance can be like eating your broccoli … necessary but not fun.

But now, you can understand more about how to make your insurance money work for you!  Here it is … your one stop guide to health insurance cheat sheet:

The Insurance Mom Cheat Sheet

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August 13th, 2015

You Can’t Take it With You — Life Insurance That Is!

Got life insurance at work?   Great!

Leaving the job for something bigger and better?  Congrats!

Retiring from the daily grind?   Have fun!

But… heads-up!   You can’t take your cheap, affordable term life insurance with you.   I bet you didn’t know that, right?    You can only keep your cheap, affordable term life insurance if you change it to the more expensive permanent sort of life insurance (aka “whole life”).

What, Insurance Mom?   Tell me what to do!!   Take a deep breath and give The Insurance Mom a call.   Let’s chat about what type of life insurance you should have, and how much life insurance you really need.   We want your family to have choices, not expenses, right?   Right!!

The Insurance Mom’s got you covered… phew!…

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June 24th, 2015

Have YOU planned for the OMG??!

Do YOU have enough bucks tucked under the mattress for that OMG-unexpected-high-medical-expense?  And, they’re always unexpected!  How will you pay for stuff?   Most people don’t have enough saved up for that OMG! time… or even for sushi next week.    I have some great ideas… like an automatic savings plan, like life insurance, like disability insurance, like Long Term Care Insurance.

Call The Insurance Mom… we should tawk!…

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April 20th, 2015

Why life insurance is a good idea, in one sentence

Simply put, your loved ones will be left with choices – not just expenses.

That’s why The Insurance Mom wants you to think really hard about life insurance.…

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March 19th, 2015

Why we love John Oliver OR How to get a free lunch!

The Insurance Mom is a big fan of “Last Week Tonight” with John Oliver.   I thoroughly enjoyed his expose (which aired on 2/8/15) about the relationship between doctors and pharmaceutical companies.

The gist is this . . . it has been a long-time practice of pharmaceutical companies buying doctors lavish lunches, providing divine holidays, inviting them to be a brand ambassador, speaking at events, and paying the docs handsome sums.   It’s one thing to hand out free samples.  But some of these practices are bordering on bribery, false advertising and in the process, perhaps skewing the doctor’s medical practices towards the companies’ products.   John Oliver wondered why it is that some medical offices advertise a free lunch in their job postings.   Is it possibly because Big Pharma is footing the bill?!

Aren’t you curious about what your doctor is up to?   Here’s the website where you can see what kind of benefits your doctors may be receiving from Big Pharma.  Go to https://openpaymentsdata.cms.gov/ to find out more.…

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February 25th, 2015

Repost! 4 Simple Rules About Long Term Care Insurance

Another oldie but a goodie (with some updates) about Long Term Care Insurance.  Is it time for you or your parents to think about Long Term Care Insurance?  Here’s 4 quick rules about LTC . . .

First, always consult with a qualified broker, like The Insurance Mom!

Second, buy a plan that’s affordable.  Don’t go hog wild and buy a plan that’ll  cover 100% of anticipated future costs just because you think it’s better.  It is much smarter to buy a policy you can afford to pay for every month.   If you can’t pay the premium, what’s the point?  You’ll get no benefits at all if that happens!   It’s better to buy a policy that will cover at least half of future costs than buy no policy at all.

Third, buy a policy that keeps up with inflation (that’s called a Compound Inflation Rider).   The cost of care rises every year.   Get a policy that keeps up with the times.   Look for a policy with a built-in 5% Compound Inflation Rider.

Fourth, aim for the shortest possible waiting period for the plan to kick in (that’s called the Elimination Period).  For example, if you have a 30-day elimination period, you’ll pay for the first 30 days of expenses out of your own pocket.  The shorter the Elimination Period, the more expensive the policy will be.   If the Elimination Period is 90 days or longer, be sure you have the moo-la to cover you!

Now…. don’t you feel smarter?!  You get a cookie for reading!


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February 23rd, 2015

Revisiting A Short Course on LTC

Now that we have a bit of a handle on Open Enrollment for health insurance, I am getting nostalgic on my old blog posts and found this goodie on LTC:

Did you know that at least 60% to 70% of people over 65 will eventually need long term care, either at home or in a nursing home?   That can be very expensive.

The average stay in a nursing home per year is almost $90,000.

Your health insurance does NOT cover this kind of expense, neither does Medicare!   Oy.   That’s why The Insurance Mom wants you to consider Long Term Care Insurance (LTCi)  especially if you don’t have enough savings or a rich uncle.

If you have LTCi and have to go into a nursing home or need at-home care, the total cost of all your premium payments combined will likely be less than the cost of a single year in a nursing home or full-time home care — no matter how many years you’ve been paying premiums.

Think about that for a moment.   No matter how long you pay LTCi premiums, you will get it all back in one year of benefits!   That’s huge.   I think it’s a wise investment in your financial future.

Come back Wednesday for 4 simple rules to follow when buying Long Term Care Insurance.…

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October 20th, 2014

Will YOU Be My Doctor?!

ALL networks are getting skinner and anorexic, reducing your choices for 2015.

In 2014, the biggest problem with doctor networks came with plans purchased on Covered CA.   It was hard to determine if your doctor took the Covered CA plans.  The Covered CA search engine was incorrect and removed from the website.    Some doctors only participated in networks used by off-exchange plans.

The same problem may continue in 2015.  It could be tricky to navigate for consumers who get a plan through Covered CA.   For a little bit of guidance with Covered CA doctor networks, the LA Times created a map for you.  Click here!

But remember, not all plans/networks are available in all geographical areas.  And, networks can change from day-to-day.

One bit of good news:   Anthem Blue Cross has made it clear that doctors MUST be in both off-exchange individual networks AND on-exchange Covered CA networks,  or they will not be doing business with Anthem Blue Cross at all!

Double check with all your doctors in which networks they will be participating for 2015 before making a decision about your health insurance!  Listen to your Insurance Mom . . . mother knows best!…

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October 10th, 2014

Time to Vote! Pay attention to Prop 45!

As you know, I normally don’t share my political opinions with clients.   However, Proposition 45 is on this November’s ballot and it will have a direct impact on your health insurance… and not in a good way. As your agent, I feel compelled to make you aware of Proposition 45 and why I so strongly oppose this measure.

Proposition 45 will radically alter the choices available to individuals and small businesses purchasing health insurance in California.

Supporters of Proposition 45 want to give one elected politician, the Insurance Commissioner, the power to determine your health plan’s premiums, benefits, networks and even what treatment options it covers.  (The Commissioner can receive millions in campaign contributions from special interests.) They want to create a costly new bureaucracy that duplicates existing regulatory agencies – the costs of which will ultimately be paid by you through higher premiums. They want to set up new rules and regulations that conflict with the new health care reform law.

As your agent, I take my responsibility seriously when I help you navigate California’s health insurance market.  Proposition 45 will make that market more chaotic and more costly – and worst of all it will potentially limit the choices you have as a consumer.

I plan to vote NO on Proposition 45 this November because it will create more problems than it solves.

I hope you will visit www.NoOn45.org to learn more about Proposition 45. While you’re on the website, I hope that you’ll take 30-seconds and sign-up to receive updates from the No on Proposition 45 campaign and join me on protecting your access to quality health insurance and preventing the possibility of rationed health care.

Feel free to email me back if you have any questions but, in the meantime, I hope that you’ll go

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