A warning now to those of you covered by group health insurance. Soon, your children may not be covered when it comes to participating in certain activities, like soccer or skateboarding. Three federal agencies have proposed new rules that would allow insurace companies to exclude benefits for injuries received during those activities. Insurance companies say the rule change is designed to help small companies who can't afford full risk insurance policies. If you're expecting a hefty tax return from the government this year, you're probably having too much money withheld from your paychecks.
Experts say the key is to break even, so there's no refund, and no payouts.
Something that you do benefit from. According to new reports, social security, pensions, and even 401Ks may not be enough to live comfortably if healthcare becomes and issue later in life. One way to afford long term assisted living is by purchasing long term health insurance now. When you lock in a plan, make sure you get inflation protection on the policy so that as your expenses increase, so do your benefits. For 2001 graduates and workers recently laid off, job prospects in this shaky economy are still surprisingly strong.