Month : August 2017

Insurance

5 Tips for Medicare Supplemental Insurance

Medicare supplemental insurance is something that is often asked about by those who qualify for Medicare. Medicare, for those who do not know, is a national social insurance program that is handled by the U.S. federal government. It has been in place since the 1960’s and has been helping seniors ever since. Medicare offers those who enroll a defined benefit plan. This benefit plan covers them under a few different plans. The majority of those who enroll in Medicare have traditional Medicare plans. There are other plans though, such as Medicare Advantage, which packs in several added factors. One common thing that people often run into though is how they should add on to their Medicare plan with added supplemental insurance. We have put together some tips on Medicare supplemental insurance to help you understand what it is and how you can make the most use of it.

  1. If you are in the market for a Medicare Supplemental Insurance plan, the first thing you should do is to sign up for an original Medicare plan with supplemental insurance. If you are signed up for a Medicare Advantage Plan, you may end up with a plan that will simply not cover you in all of the areas that are needed. Government funding has been disappearing for Medicare Advantage program plans and many hospitals have stopped accepting them. A traditional Medicare plan with supplemental insurance is a safe bet for the future.
  2. You need to be on the lookout for the best coverage possible, you may want to consider something that is known as Medicare Supplement Plan F. Plan F is well-known as the most popular and most comprehensive plan that is available on the market. The idea with this plan is that it will cover pretty much everything after you spend money on the monthly premium. Out of pocket costs are kept at a minimum with Plan F, and that is a huge help to many seniors on a budget.
  3. Medicare Supplement Plan N is also an option when shopping for supplemental insurance. This is similar to Medicare Advantage Plans. What happens with this plan is that you pay a small annual deductible that goes along with co-payments when you visit a doctor or go to the Emergency Room. One of the great benefits here is that it is affordable.
  4. One thing that you need to take into account is that you need to get in touch with a specialist to get a Medicare Supplement quote that you can trust. You should contact a national Medicare Supplement insurance broker who knows all of the plans like the back of their hand. They can give you honest advice so that you can be informed.
  5. You also should get quotes from every single company that you can. Medicare Supplement Plans are consistent, meaning all insurance companies have the same plans available with the same benefits. However, not all insurance companies offer the same plans for the same amount of money. This means that it pretty much all comes down to monthly premium amounts and finding the best deal.

Utilizing the tips mentioned above it should be able to help you obtain the Medicare Supplemental insurance that you need to live happy and healthy lives. Shopping for Supplemental Medicare insurance can be quite confusing. When you take the time to gain the knowledge necessary about the plans though, you will benefit. The more knowledge you have the more power you will have in terms of consumer power. Knowledge is power and having the tips necessary at your disposal can ensure that you are ready to purchase the plan you need.

Author Bio: This article was written by Pete Higgans of MedicareSupplementalInsurance.net a company that provides great information about insurance related topics. 

Coupons

5 Unusual Ways to Save on Shoe Shopping

A comfortable, stylish pair of shoes improves your health, the look of your outfit, and your confidence. Shoes are something that can be universally appreciated by women and men of all ages, sizes, and nationalities. A pristine pair of loafers or heels are even more enjoyable when purchased on sale.

A savvy shoe shopper knows most of the basic shoe shopping tricks. However, if you want a few more shopping tips, we have some for you:

Use Groupon

Groupon has hundreds of coupons to help you save more at your favorite shoe stores. Nine West, Famous Footwear, DSW, and 6PM are just a few of the discounted shoe stores that feature daily coupon codes on Groupon.

Additionally, Groupon lists several pages of shoes on their daily deal section. This section features items discounted anywhere from 10 percent to 80 percent off retail price.

Shop the Right Season

Shoe prices drop depending on the type of shoes and the current season. Solemates featured an article that explained the best season to buy every type of shoes. In the article, Solemates named fall as the best time to buy stilettos and sneakers, since most people will swap all casual and professional footwear for winter boots.

April and May are the best time to buy running shoes: nicer weather, means more active outside time, and running shoes will get used more. March is the perfect month to buy sandals and get ahead of the summer sandal price surge. Purchase winter boots early by searching for them in the spring and summer.

Buy from the Clearance Aisles of Discount Stores

Shop the clearance aisle of your favorite discount shoe stores. The prices are already cut, so the clearance shoes will often be marked down to very low prices. Many retailers have a color tag system. Try to learn or ask about the color tag system at your favorite retailers. Wait at least until the second markdown before making a purchase.

Most retailers have a no return policy, so make sure it is really an item you want before committing to buying it.

Buy with Gift Cards

Cspace and few other companies host boards where consumers can comment on certain brand’s new, developing, or current products. In exchange for regular feedback, these brands give out gift cards. Sometimes the gift cards are generic Visa ones, but often they’re from Amazon, Target, and other major retailers and ecommerce.

In order to participate in these focus group type boards, you often have to be selected from a focus group or marketing database. Once selected, you must complete a questionnaire that determines your eligibility. Similarly, certain survey sites, like Globaltestmarket, Swagbucks, and Opinion Outpost, offer their users points that can be redeemed for gift cards. These cards can carry anywhere from $5 to over $100.

A few of the popular gift cards offered on these sites are from Paypal, Amazon, Sears, TJ Maxx, and Target. Use these gift cards when making shoe purchases.

Outlet Stores

Many major retailers, like Nike, New Balance, and ASICS, have outlet stores. These stores carry shoes from their past collections at very discounted prices. Find these stores online and at outlet malls.

Mind Over Money

Father’s Day Should Be Renamed

I'm right behind you
photo credit: LaPrimaDonna

My parents are divorced and remarried to others. When they got a divorce I chose to live with my mom. This led me to only see my dad every other weekend, if that. I never really got to be close with my dad, and I think I missed out on some great life lessons.

My Dad’s not perfect, and I need to realize that no dad is perfect. He’s always been there for me physically (ex. money) but not really emotionally with a heartfelt “I love you.” I think a lot of dads are like that, reserved in their emotions, and it’s a shame. Those three words can really mean the world to a son.

Now that me and him have grown older I’m trying to draw his emotions out more and more. And to hear him say I love you really makes me happy. And some more words that always bring a smile to my face are “I’m proud of you.”

I know today is called Father’s Day, but it should really be called Bond with your Father’s Day. It should celebrate the bond between a Father and his child(ren).

For this Bond with your Father’s Day go and throw a ball around, play a little basketball, or ask him to do something what you’ve always wanted to do with him.

So fathers out there tell your child(ren) that you love them, how proud of them you are, and give them a big hug. And child(ren) out there, give your father a big hug and tell them you love them too. You’re really going to regret not celebrating that bond when it’s gone.

Happy Bond with your Father’s Day

I’ll leave you with this heartfelt post @FrugalDad Raising a Frugal Dad: An Open Letter to My Son

Financial Freedom

Break Free From The 9 To 5 Grind

If you have full time employment, do you wake up full of enthusiasm for the next day – with an eagerness to get to your place of work? If you do, that’s fantastic, as you probably have found your true vocation. Sadly, for many of us, this simply isn’t the case. Work is a means to an end and the end is money that we can spend on a lifestyle that makes up for our lack of fulfilment at work.

When you consider your circle of friends and acquaintances, many may seem to have a very high quality of life. They earn a lot and spend a lot, which is all very well if the work they’re in is enjoyable. If not, it’s a fairly shallow existence to work all the hours possible so that they can spend it up at the weekend. Many people actually end up spending a lot at the weekend to get some satisfaction out of life that they’re not finding through their work. This means that the tie of work for the income becomes ever greater.

It’s not surprising then, that so many people are now in debt. Even those with great salaries tend to spend more than they can afford and then become slaves to their wages. If the income dropped, so would their standard and style of living.

If you find you’re working to simply to pay off debts, then maybe it’s time to reevaluate the way you spend. There is plenty of debt advice UK consumers can access online, and it can help to devise a debt management strategy to work your way clear of debt.

To get free from a nine to five existence you no longer enjoy, the first thing you need to do is clear the debt from your life. You can do this by using debt management plans, but also by reviewing how you spend your income. Do you really need to spend as much as you do on groceries, trips at the weekends, holidays?

Once you have got yourself into a position where you are living within your means, you can then decide if you want to stay on the treadmill of the job you have or look for a route to a more fulfilling occupation.

Debt Management

How Guarantor Loans Can Help You Improve Your Credit History

Your financial struggles naturally impact your credit history. You know it is bad and so do the creditors. You are reminded of it whenever you request an online loan quotation, whereby your request is either rejected or results in stringent terms. The situation will likely be a lot worse due to the rigid lending criteria since 2008’s financial crash – that virtually bars anyone with average credit history from securing a bank loan at all (or to be offered one at exorbitant rates).

Of course, there is a solution to this problem, so long as you are not bankrupt or in an individual voluntary arrangement (IVA).

The solution is called a guarantor loan which lets you borrow at competitive rates and improves your credit history, provided you repay on time. Specifically, you need two years of timely loan repayments to get your credit history in functioning order. This type of a loan is classified as an unsecured loan and you can borrow anywhere in the range of £1k to £15k for a period generally lasting between 1 to 7 years.

Since the 2008 financial crisis, there has been an abrupt growth in a broad range of personal loans such as guarantors, which may be classified as an alternative loan option. Guarantor loans can be obtained through loan brokers; however, you may find that some of these companies charge extra fees. Alternatively, you can find direct lenders who don’t have any hidden charges. One such company I’ve found through research is TrustTwo whom are renowned for their transparent approach. Always check with your guarantor loan provider first that no fees will be added on if you make late payments.

The primary reasons why people are gearing towards bad credit guarantor loans are the cost and a lack of other options.

Fundamentally, a guarantor acts as a co-signatory on the loan agreement, thereby pledging his or her own funds if you are unable to repay the amount borrowed. Almost anyone can be your guarantor, so long as they are not financially associated with you (e.g. your spouse). Therefore, a guarantor could be a close family member, a trustworthy friend or even a loyal colleague.

More specifically:

Your Guarantor Must

  • Be in the age range of 25 to 74 years.
  • Be a resident of the country where the loan agreement is made.
  • Not be your spouse.
  • Have detached finances.
  • Have a sound credit history.
  • Provide proof of identity as well as relevant bank statements.
  • Be a property-owner/have a mortgage, be a reasonable tenant or be living with parents.
  • Agree and give written agreement to make repayments if you default.

 

Before You Process the Application

  • Forecast your income and expenditures for the length of time you intend to borrow funds. Moreover, use an online monthly loan repayment calculator to get further clear headed.
  • Sit down with your relative or friend who is going to be your guarantor and have a detailed conversation. They should completely understand that they will be accountable for offsetting your liabilities if you default.

The Process

Hypothetically speaking, thanks to the written assurance of your friend or relative, you successfully obtained a guarantor loan and are now required to repay in fixed monthly instalments. Every month after the repayment date, your lender sends a report to the relevant Credit Reference Agency.

The monthly report showcases the repayment status. If made successfully, the borrower’s credit score would exhibit a marginal improvement. Otherwise, even a guarantor loan cannot save your credit history if you persist with irregular repayments.

Lastly, your mark-up would depend upon the severity of your credit history, but the loan is not cheap and rates typically are about 50% or an APR range from 39.9% to 59.9%. At such a rate, borrowing £5,000 over four years would mean repaying a sum of £10,300 which is not attractive, but gets your life out of a rut.