What To Do With Your Tax Refund?Everything about insurance and securing your future

What To Do With Your Tax Refund?Everything about insurance and securing your future

insurance car home healthy

You get tax refund when you overpaid the government it's not a bonus money since you earned it through hard work. After filing your taxes you'll find how much refund you're gonna get. If you have a huge tax refund, normally people will buy a new car or that new UHD TV that will blow your mind or a new game console. But if you're smart, just use it to pay off some of your debts. If you have no outstanding debts, then you can start or add some in your savings account.

You can also diversify your portfolio, save for your retirement, start a college fund for your children or add money to your emergency fund. However, you wouldn't want to gamble that money away. That will be a complete waste. Check out the Infographic below on "How to Make the Most of Your Tax Refund"

Click here for proceed to the Infographic

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California Legislature approves $15 minimum wage increase, will be highest in the USEverything about insurance and securing your future

California Legislature approves $15 minimum wage increase, will be highest in the USEverything about insurance and securing your future

insurance car home healthy

California lawmakers approved a sweeping plan on Thursday raising the minimum wage to $15 an hour over the next six years. This will be the nation’s highest statewide minimum wage and it will take effect by 2022.

The Assembly passed SB3 with a 48-26 vote. The the Senate voted 26-12, people cheered the move and "Si se puede" can be heard from the gallery above. The legislation now goes to Gov. Jerry Brown, who is expected to sign it into law after previously working out the plan with labor unions. Brown will sign the wage hike into law in Los Angeles on Monday.

Democrats who control both legislative chambers in California praised the move as a boon to more than 2 million of state’s poorest workers. Opponents complained it was rushed and did not include a wide group at the negotiating table. Business owners and economists fears that the yearly increases will be tied to inflation and will make California hostile to business.

The state of New York was considering a similar move.

Under the plan, California's hourly minimum wage would increase from the current $10 to $10.50 on January 1. Businesses with 25 or fewer employees would be given an extra year to comply. Increases of $1 an hour would come every January until 2022. The governor could delay increases in times of budgetary or economic downturns.

California’s current $10 an hour minimum is tied with Massachusetts for the highest among states. Los Angeles, Seattle and other cities have recently approved $15 minimum wages, while Oregon officials plan to increase the minimum to $14.75 an hour in cities and $12.50 in rural areas by 2022.

In New York, Gov. Cuomo and state lawmakers continued to negotiate Thursday over Cuomo’s proposal to gradually raise the state’s minimum wage from $9 to $15 by the end of 2018 in New York City and by mid-2021 elsewhere in the state.





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Long-Term Care Insurance Are Too Expensive

Long-Term Care Insurance Are Too Expensive

insurance Long-Term Care Insurance

If you check out the prices of today's long term care insurance, I'm sure you'll ask who can afford them? They are just too expensive for the regular working class like us.

Long-term care insurance policies pay back policyholders a daily amount for services to assist them with activities of daily living such as bathing, dressing, transferring (to bed, chair, etc), housework, shopping for groceries or eating. Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.

In Pennsylvania, premiums have gone up as much as 130%, yearly rates have exceeded $8,000. So why are they so expensive? President of Rosenthal Wealth Management Group Larry Rosenthal said that nowadays, people are living longer and aren't necessarily living healthier. So insurance companies left the market since there are little or no profits and those that remain have increased premiums significantly to keep up with costs.

Here are some alternatives way to pay for Expensive Long-Term Care Insurance:

Short-term care insurance - this policy is like long-term care insurance, however the benefits are typically capped at one year. This policy is more affordable and they may also be available to older seniors or those who aren't otherwise eligible for long-term coverage.

Life + long-term care insurance - the combination of long-term care coverage and life insurance may help consumers avoid the type of rate increases currently being experienced in Pennsylvania.

Long-term care annuities - These annuities require a hefty upfront payment, but if you need long-term care, your overall cost may be lower than what you'd spend on insurance premiums.

Health savings accounts - For those who have an eligible high-deductible health insurance plan, a health savings account offers a way to put money aside tax-free for medical costs, such as long-term care.

Home equity - Retirees without significant investments may still own a valuable asset: their house. Tapping into home equity through a line of credit, taking out a reverse mortgage or selling a house outright are some of the ways people can use their property to pay for long-term care.

Pensions or Social Security - Depending on the size of your monthly payments and the amount of care you need, paying for services monthly out of a pension or Social Security benefit may be option.

Medicaid - if all else fail, and a person's income and assets have been depleted, the government will step in to pay for care. Medicaid won't pay for assisted living, but it will cover nursing home care and many states also pay for home health care services for eligible people.

2016 Car Insurance Rates Rankings by State

2016 Car Insurance Rates Rankings by State

2016 Car Insurance Rates Rankings by State car insurance Vehicle insurance

The state with the most expensive car insurance premiums in 2016 goes to Michigan, they bag the top spot for third year in a row in the Insure.com’s 2016 state-by-state comparison of auto insurance premiums. Michigan average car insurance premiums is at $2738.
The 2nd spot goes to Montana at $2297, while New Jersey is in third with $1905.

Florida is the 8th spot they are paying an average of $1,654 annually for insurance, $329 higher than the nationwide average of $1,325.

Maine grabbed the No. 1 spot for the cheapest car insurance at $808 annually.

The rates are based on the average for the 20 best-selling vehicles in the U.S. in order to present more accurate rates for the average driver, without high-end sports or luxury cars skewing the data.


National average     $1325
1     Michigan     $2738
2     Montana     $2297
3     New Jersey     $1905
4     Louisiana     $1842
5     Oklahoma     $1778
6     DC             $1773
7     California     $1752
8     Florida     $1654
9     Maryland     $1610
10     Rhode Island     $1608
11     Delaware     $1607
12     Georgia     $1559
13     Texas             $1510
14     West Virginia     $1456
15     Wyoming     $1421
16     Colorado     $1393
17     Connecticut     $1367
18     South Carolina     $1353
19     Arkansas     $1345
20     Alabama     $1337
21     Massachusetts     $1325
22     Pennsylvania     $1305
23     Kentucky     $1295
24     New Mexico     $1277
25     Mississippi     $1277
26     Oregon             $1267
27     Minnesota     $1257
28     Nevada             $1221
29     North Dakota     $1200
30     Nebraska     $1188
31     Arizona     $1188
32     South Dakota     $1168
33     Washington     $1168
34     Tennessee     $1145
35     Kansas             $1135
36     Indiana     $1113
37     Alaska             $1078
38     Utah             $1061
39     Missouri     $1056
40     New York     $1050
41     Hawaii       $1049
42     Illinois     $1035
43     Virginia     $1020
44     Iowa        $989
45     North Carolina     $987
46     Vermont     $942
47     New Hampshire     $941
48     Idaho       $935
49     Wisconsin     $912
50     Ohio        $900
51     Maine       $808

Donald Trump Health Care Reform Plan ( TrumpCare )

Donald Trump Health Care Reform Plan ( TrumpCare )

care Donald Trump Health Care Reform Plan Trumpcare

Donald Trump has repeatedly promised that he will not let people die on the streets. Today he has released his Trumpcare health care reform plan. His aim is to broaden the access of health care to the people. He is also for abolishing the individual mandate, which under Obamacare requires all Americans to have health insurance.

Donald Trump laid out his plan to reform the U.S. health care system after repeatedly pledging to repeal and replace Obamacare with something much better.

He posted his seven-point plan on his website (https://www.donaldjtrump.com/positions/healthcare-reform). Besides, scrapping the individual health insurance mandate he also promised to allow competition over states lines for health care plans, and block grant Medicaid to the states, this will let them follow through on his prescription to "eliminate fraud, waste and abuse to preserve our precious resources."

He will also make individual health insurance premium payments fully tax deductible.

His plan clearly is in line with conservatives. He will also "reduce the number of individuals needing access to programs like Medicaid." "The best social program has always been a job and taking care of our economy will go a long way towards reducing our dependence on public health programs."

His plan also requires "price transparency" to let patients to "shop and find the best prices" for their medical care and removing the barriers to entry that currently make it more difficult for cheaper drugs from overseas to enter the American health care market.

He also calls for "reform our mental health programs and institutions in this country. Families, without the ability to get the information needed to help those who are ailing, are too often not given the tools to help their loved ones. There are promising reforms being developed in Congress that should receive bi-partisan support."

Flood Insurance Policy: Tool to Estimate Flood Damages to your Home

Flood Insurance Policy: Tool to Estimate Flood Damages to your Home

Estimate Flood Damages Flood flooded home water damage

With the recent extreme weather condition that battered the country a lot of homeowners have to deal with flooding. Officials from the Federal Emergency Management Agency have repeated over and over, pitching flood insurance to homeowners.

If your house got flooded, usually there is a 30-day waiting period on most flood insurance policies, so you should really have one in place already. If you’re right on the water and you don’t have a mortgage, you should probably get flood insurance to cover yourself.

You should also make sure that your policy is rated properly, if your policy is not rated correctly and an adjuster find it out, you could have your claim adjusted to pay back for insurance that you should of been paying for, so double check with your insurance agent to make sure that you are rated properly.

All it takes is a few inches of water to cause major damage to your home, your appliances, and other contents.

If your home got flooded you can use this tool to estimate the damage caused by the flood inch by inch:



Also check "What does Standard Home Insurance cover?" and "Flood Insurance Policy"

UnitedHealth May Ditch Obamacare

UnitedHealth May Ditch Obamacare

ACA healthcare law UnitedHealth May Ditch Obamacare

Despite of UnitedHealth Group Inc. efforts to cut down on sign-ups their 2016 Affordable Care Act exchanges enrollment has surge and this caused the company significant losses.

UnitedHealth, which is the biggest U.S. health insurer said, they are expecting losses of more than $500 million on its 2016 Obamacare plans, compared with previous projections that amounted to $400 million to $425 million in losses.

The company has done some steps to reduce their exchange business exposure in anticipation of losses, like cutting down on marketing and slashing commissions to health-insurance agents.
However, enrollment still grew, widening their exposure. UnitedHealth Group Chief Executive Stephen J. Hemsley said the new projection reflected “prudence,” as the company sought to ensure it had covered all possible losses.

On Tuesday, the UnitedHealth reported their financial outlook for 2016, they expect $7.60 to $7.80 in adjusted earnings per share and at least $180 billion in revenue. Its shares closed up 3% at $112.58, as investors shrugged off the exchange comments amid strong results elsewhere in the company’s portfolio.

But UnitedHealth’s move comes amid continued worries about the exchange business—concerns that the company jump-started in November, when it disclosed expected 2016 losses and said it would consider withdrawing from the health-law marketplaces, a decision expected to be made later this year.

What would an exit by UnitedHealth Group mean for Obamacare?

It would mean higher premiums as well cost sharing for consumers, particularly in small markets where UnitedHealth is a big player.

Car Owners Don't want Insurance Companies to Track Them Even it they give Discounts

Car Owners Don't want Insurance Companies to Track Them Even it they give Discounts

car insurance car insurance tracking motor vehicle

Car insurance companies like Progressive, Allstate, and State Farm are offering big discounts to car owners on their insurance however, it comes with a catch. They will place sensors in your car so that they can track your every move and driving habits.

The sensors will give insurance companies comprehensive data about how you drive your car, how far motorist drive, how often you hit the brakes, and record every time you exceed the speed limit. These data will give insurance companies information to identify safe drivers who are less likely to file a claim.

Insurance companies wants to create a database of these information about drivers to be able to accurately evaluate risk and customize each insurance policy to fit individual drivers. Unfortunately for them they will need customers to consent to having a tracking device in their cars, and a lot of people don't want it.

Insurance companies are temping car owners with plug-in devices and smartphone applications. They are also working with car manufacturers to be able to use their in-car computers as tracking devices. They also offer big discounts as high as 30%.


If you ask me, this is really creepy, if they can track your every destination they will know everything about you. Where you work, where your kids attend school, where you get your lunch etc.