Search found 2371 matches

by BruDude
Tue Dec 06, 2016 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 24
Views: 1474

Re: Affordable Care Act question - would greatly appreciate assistance

Try calling again or work with a navigator or agent. Some insurance brokers are also excellent at Marketplace applications. You have an application on file, so someone can open the application and review each question to determine where the error is. https://localhelp.healthcare.gov/#intro Good luc...
by BruDude
Tue Dec 06, 2016 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 24
Views: 1474

Re: Affordable Care Act question - would greatly appreciate assistance

Doesn't make sense, something is missing from the application. I would re-read all of the questions again carefully. If she calls back to HC.gov, ask to speak with a supervisor. They usually know what they are doing. The front-line phone reps are mostly idiots that have no clue what they're talking ...
by BruDude
Tue Dec 06, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act question - would greatly appreciate assistance
Replies: 24
Views: 1474

Re: Affordable Care Act question - would greatly appreciate assistance

15% of income is not considered affordable under the law, the limit is 9.66%. She should qualify for a subsidy. Her employer is also running the risk of paying a big penalty if there are other employees with unaffordable coverage and they have more than 50 employees: https://www.irs.gov/affordable-c...
by BruDude
Tue Dec 06, 2016 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What other Disability insurance companies to consider?
Replies: 4
Views: 243

Re: What other Disability insurance companies to consider?

Guardian/Berkshire Standard Principal MassMutual Ameritas These are the big five that offer specialty specific coverage to doctors these days. A good independent insurance agent should be able to sell you a policy from any of these and explain the advantages of one over another for your particular ...
by BruDude
Mon Dec 05, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Private disability insurance quote integrate with group disability
Replies: 2
Views: 136

Re: Private disability insurance quote integrate with group disability

The agent is correct. The insurance company doesn't care if your group plan has a 2-year benefit period or an age-65 benefit period, they are still going to count it against you either way (and this is a general rule with all companies, not just Guardian). If you are able to opt out of the group pla...
by BruDude
Mon Dec 05, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: What is best health ministry for health insurance?
Replies: 24
Views: 1833

Re: What is best health ministry for health insurance?

I know passions run deep in this forum regarding whether or not health ministries, as a concept, are a good idea. However, assuming one wants to go the health ministry route, what would be the best one to choose? For some background on my specific situation, I am a single, self-employed, 34 year-ol...
by BruDude
Mon Dec 05, 2016 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Should individual disability insurance complement group coverage?
Replies: 4
Views: 341

Re: Should individual disability insurance complement group coverage?

The individual policy should have much better benefits than the group policy. If you are able to opt out of your employer's group plan, then you can qualify for a much larger benefit amount on the individual policy. Generally, you can only get up to about 60-67% of income covered by individual DI si...
by BruDude
Tue Nov 29, 2016 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Income Confirmation
Replies: 8
Views: 646

Re: ACA Income Confirmation

The family cost has nothing to do with the 9.6% affordability provision, it is based on the employee-only cost of coverage. If the coverage is considered affordable to the employee, that makes the rest of the family ineligible for a subsidy from the individual exchange market. See the "family ...
by BruDude
Tue Nov 29, 2016 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Income Confirmation
Replies: 8
Views: 646

Re: ACA Income Confirmation

I just signed my wife and son up on the marketplace for health insurance and got a decent rate. My work place does offer health insurance for my family but the cost would be 1000 additional per month which would put me way ahead of the 9.6% part of my income. Everything is close to being finalized ...
by BruDude
Wed Nov 23, 2016 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 24
Views: 2188

Re: Term insurance without exam

That sounds alarming, but I don't think it's accurate. I have never come across a pharmacy selling a dataset of individualized prescription data. Conceivably, a pharmacy could ask a patient to sign a HIPAA-compliant release authorizing such information to be disclosed for this specific commercial p...
by BruDude
Wed Nov 23, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Individual disability in addition to group disability
Replies: 8
Views: 573

Re: Individual disability in addition to group disability

If you keep the NWM policy you won't be eligible to buy anything. If you replace the NWM policy, you'd be eligible for about $3100/month in benefits under a new policy assuming your bonus counts as income (must have received bonus for two years current/prior to count). Being eligible for bonus incom...
by BruDude
Tue Nov 22, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance
Replies: 11
Views: 625

Re: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance

To me,, this resembles "cancer" insurance. Generally, not a very good deal for anyone except the underwriter. Can be a good deal depending on the cost and whether it covers employee-only or the whole family. I've seen a number of these that I would consider a "good deal" while o...
by BruDude
Tue Nov 22, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Ownership change
Replies: 5
Views: 518

Re: Term Life Ownership change

Goblue97 wrote:What if there is a clear conflict of interest?


That's what lawyers are for! :D
by BruDude
Tue Nov 22, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Ownership change
Replies: 5
Views: 518

Re: Term Life Ownership change

No, that's why you have a designated owner, and also a good reason why the insured or a designated trust is usually the owner of the policy instead of having it be owned by a spouse or other person.
by BruDude
Tue Nov 22, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 24
Views: 2188

Re: Term insurance without exam

I just checked on Compulife/term4sale and it appears to be a Mass Mutual branded product listed as "Mass Mutual Life Ins (Haven) - Haven Term". There are a number of insurance companies going towards no-exam policies for younger/healthier clients. American National, Lincoln National, Sagic...
by BruDude
Tue Nov 22, 2016 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 24
Views: 2188

Re: Term insurance without exam

Never heard of it but looks like an insurance agency not an insurance company. You sure that popped up on term4sale? They don't list agencies in the price results.
by BruDude
Mon Nov 21, 2016 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance
Replies: 11
Views: 625

Re: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance

Hospital Indemnity: Admission: $1,000 Confinement: $100/day (31 days max) ICU: $100/day (10 days max in addition to confinement) intermediate IC step-down unit: $50 (10 days max in addition to confinement) Mammography $50 Accident: Quadripelgia: $10,000 Paraplegia: $5,000 Hip Fracture: $4,000 List ...
by BruDude
Mon Nov 21, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 3740

Re: Whole life - 7 "pithy" questions to ask the salesman

So, question for Ole Meph or other insurance experts. Is this a circumstance where someone without dependents might rationally buy life insurance (term) to protect insurability? Of course, not everyone being deployed is going into combat. But for someone who is headed for a combat assignment, their...
by BruDude
Mon Nov 21, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance
Replies: 11
Views: 625

Re: Hospital Indemnity/Accident/Critical Illness supplements for medical insurance

They are high in relation to your medical insurance because your employer is paying for a huge portion of the medical, but probably isn't paying any part of this optional add-on coverage. Hard to say if it's worth it without knowing what the policies cover.
by BruDude
Mon Nov 14, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Individual Health Insurance with National Coverage
Replies: 2
Views: 343

Re: Individual Health Insurance with National Coverage

Probably not going to have any options on the individual market. If you are healthy and short-term insurance is available in your area, you may be able to find one with a national PPO network. I think NY doesn't allow short-term policies though. Gotta love NY's Department of Insurance...they know wh...
by BruDude
Sun Nov 13, 2016 10:22 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 711
Views: 119739

Re: Boglehead Beer

Had a Bruery Tart of Darkness and Founders Backwoods Bastard last night. Both A+
by BruDude
Fri Nov 11, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: 50% Increase in my Long Term Care Policy
Replies: 23
Views: 2603

Re: 50% Increase in my Long Term Care Policy

furwut wrote:Taking out a LTC insurance policy can be described as a bet where its Heads they Win and Tails I Lose.


Maybe with today's products....people that bought limited-pay (such as 10-pay, single pay, etc) policies are making out like bandits right now.
by BruDude
Fri Nov 11, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 711
Views: 119739

Re: Boglehead Beer

Just had Firestone Walker Velvet Merlin. Wonderful oatmeal stout! originally Velvet Merkin, but the board which approves labels wouldn't approve the name. http://www.firestonebeer.com/beers/products/velvet-merkin http://www.firestonebeer.com/beers/products/velvet-merlin-fall-and-winter They do rele...
by BruDude
Fri Nov 11, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 711
Views: 119739

Re: Boglehead Beer

Just had Firestone Walker Velvet Merlin. Wonderful oatmeal stout! originally Velvet Merkin, but the board which approves labels wouldn't approve the name. http://www.firestonebeer.com/beers/products/velvet-merkin http://www.firestonebeer.com/beers/products/velvet-merlin-fall-and-winter They do rele...
by BruDude
Thu Nov 10, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4145

Re: John Hancock discontinues LTC insurance sales

This does not surprise me. It seems like the insurance agents were the only ones who were wining the LTC insurance racket. Now they can't even sell it at JH. Insured's lost, JH lost, Manulife lost. Most agents don't sell LTC, the market just sucks and has so much uncertainty that unless someone is ...
by BruDude
Thu Nov 10, 2016 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4145

Re: John Hancock discontinues LTC insurance sales

The thing that bothers me about long-term-care riders on life insurance--besides the fact that the ads and literature I've seen for them say in so many words that they are not long-term-care insurance--is that it seems completely illogical to me. If you don't need the permanent death benefit, then ...
by BruDude
Thu Nov 10, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4145

Re: John Hancock discontinues LTC insurance sales

BruDude (original poster), Can you provide a source for this? Your post says you received it in an e-mail. But was that from Hancock itself, or from a third party? My wife and I were considering Hancock LTC insurance, and immediately after reading your post, I went to the following two John Hancock...
by BruDude
Thu Nov 10, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4145

John Hancock discontinues LTC insurance sales

Another one bites the dust....thought some people here may be interested to know about this. Received as an email so can't provide a link, but here's the letter: After a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decisi...
by BruDude
Wed Nov 09, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Need PPO Health Insurance for self employed
Replies: 6
Views: 406

Re: Need PPO Health Insurance for self employed

There are no off-marketplace plans in a lot of areas. If you are in Richmond, you aren't going to have any PPO choices. United Healthcare and Humana were the last two companies selling PPO plans and both exited Virginia for 2017. Anthem has POS network plans which allow you to go out-of-network and ...
by BruDude
Wed Nov 09, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance for White Collar Employee, 31
Replies: 6
Views: 745

Re: Disability Insurance for White Collar Employee, 31

OP, 1) Why would you want to buy an individual disability insurance when you can get it cheaper and better from your employer? 2) If you have enough social security credits, you have some level of disability protection from social security. Why do you need more? KlangFool Cheaper? Sure. Better? Not...
by BruDude
Fri Nov 04, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: US Health Group [Insurance]
Replies: 6
Views: 405

Re: US Health Group

United covers a large geographic area and offers many different products so you might get a more helpful response if you are more specific as to state and type of coverage. Generally they have appropriate systems and software in place and have good networks. They tend to do things by the book so ad...
by BruDude
Fri Nov 04, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: DI - Requesting Guidance [Disability Insurance]
Replies: 3
Views: 337

Re: DI - Requesting Guidance [Disability Insurance]

Benefits look good except I'd change the 4-year delayed 3% COLA to the regular 3% COLA, price should be almost the same at that benefit level. Yes you should max out the individual policy as soon as you can. $3300/month for the FIO rider is low because of the base benefit being low (FIO is max of 2x...
by BruDude
Fri Nov 04, 2016 1:01 pm
Forum: Personal Consumer Issues
Topic: Vitamix Worth It?
Replies: 63
Views: 6449

Re: Vitamix Worth It?

Definitely worth it, I use mine all the time.
by BruDude
Thu Nov 03, 2016 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Healthcare.gov logon
Replies: 4
Views: 234

Re: Help with Healthcare.gov logon

Website has been having problems for 3 days now, I'd try again next week for minimal frustration.
by BruDude
Tue Nov 01, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Help Evaluating Group Long-Term Disability Insurance
Replies: 1
Views: 183

Re: Help Evaluating Group Long-Term Disability Insurance

Most group LTD policies are better than having nothing, but are pretty much garbage in comparison to a quality individual disability policy. Drawbacks of your group policy: -Capped at $15k/mo. if you are a high income earner, you could blow through this cap pretty easily. -True own occupation defini...
by BruDude
Mon Oct 31, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to purchase on Exchange if don't qualify for subsidy
Replies: 13
Views: 1494

Re: Any reason to purchase on Exchange if don't qualify for subsidy

Some companies only sell on the exchange. Some only sell off the exchange.
by BruDude
Mon Oct 31, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: ACA Penalty Exemption and Short-Term Coverage = Reduced Costs
Replies: 1
Views: 296

ACA Penalty Exemption and Short-Term Coverage = Reduced Costs

With open enrollment for ACA starting tomorrow, I am getting calls and emails from a lot of clients about the recent rate increases for 2017 policies, and I'm sure most people here have seen or heard about the skyrocketing costs too. An alternative option for 2017 can be combining a short-term polic...
by BruDude
Sat Oct 29, 2016 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11810

Re: Health Insurance rates went up

Your retiree coverage is heavily subsidized by your former employer.
by BruDude
Fri Oct 28, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 11031

Re: 2017 ACA plan previews

As a 31-year-old that bought a PPO $4k deductible HSA plan with 100% coverage after deductible for $46/month in 2013, I will respectfully disagree with your assessment. :happy Granted, my plan did not have maternity benefits which are of great use to me as a male, but it certainly didn't have "...
by BruDude
Fri Oct 28, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11810

Re: Health Insurance rates went up

A health insurance policy with $7500 deductible would not be ACA-complaint and would subject her to the penalty for not having compliant coverage. Unless she has a grandfathered plan, something is amiss....and grandfathered plans are no longer available obviously. Given the rate increases of ACA po...
by BruDude
Fri Oct 28, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 11031

Re: 2017 ACA plan previews

lol, what a spin piece. Just looked up rates for a 30-year-old single person in Phoenix. Cheapest plan $395/month with $6800 deductible. Before ACA a 30-year-old could buy a similar plan for $50/month. Does anyone know any healthy 30-year-olds that are willing to pay $400/mo for a health insurance ...
by BruDude
Fri Oct 28, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance
Replies: 4
Views: 584

Re: Disability Insurance

Thank you BruDude. The vision loss was due to optic neuritis caused by a virus. It was a single event and unfortunately one eye vision was lost due to untimely treatment, it has no impact on my other good eye. However, the vision is degrading due to load on the good eye for many years. My current v...
by BruDude
Fri Oct 28, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11810

Re: Health Insurance rates went up

Is there any other alternative to signing up for cheaper plan other than one through your employer? It's quite possible. Check Humana, SelectHealth, Blue Cross, and so on. My wife's health insurance is $78/month through SelectHealth and that includes maternity coverage (deductible is $7,500). My he...
by BruDude
Fri Oct 28, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance rates went up
Replies: 155
Views: 11810

Re: Health Insurance rates went up

A 3% increase is pretty much a gift these days.
by BruDude
Fri Oct 28, 2016 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance why bypass True Own Occ?
Replies: 10
Views: 985

Re: Long Term Disability Insurance why bypass True Own Occ?

Guardian will require a new application if it was that long ago. Your agents statement about only 1% of claims being under own occ is so far off its almost absurd. Even common sense would tell us that it's way more than 1% otherwise nobody would bother to pay extra for it. The only difference betwee...
by BruDude
Thu Oct 27, 2016 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 740

Re: Company Health Insurance Increase

Yes, but I don't trust him. He told me years ago that there are different commission amounts for different insurance carriers so they are incented to have you with certain carriers. We got our renewal #s yesterday and have to make a decision within 10 days. I can see right on the paperwork from BCB...
by BruDude
Thu Oct 27, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 740

Re: Company Health Insurance Increase

Is your current plan through the SHOP marketplace? If not, why not go to the SHOP marketplace and "shop" for plans to compare with the plan you have been presented. Also, have you utilized the small plan credit? SHOP is about as user-unfriendly as it gets, I don't even know a single agent...
by BruDude
Thu Oct 27, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 740

Re: Company Health Insurance Increase

Pricing changes for employee benefits like health insurance shouldn't be a surprise. Every fall they happen like clockwork with notifications to those impacted often in October. To be prepared start shopping around in at least August so you've got some negotiating time. Fool me once, shame on you. ...
by BruDude
Thu Oct 27, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 740

Re: Company Health Insurance Increase

Yes, but I don't trust him. He told me years ago that there are different commission amounts for different insurance carriers so they are incented to have you with certain carriers. We got our renewal #s yesterday and have to make a decision within 10 days. I can see right on the paperwork from BCB...
by BruDude
Thu Oct 27, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 740

Re: Company Health Insurance Increase

Small group rates are pretty much set in stone, can't negotiate them. Has your agent shopped the rates with other companies?

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