After you work with your estate planning attorney to draft a carefully tailored estate plan, it is usually your responsibility to “fund” the trust.
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What does funding the trust mean?
Funding the trust is simply transferring assets into your trust.
If you have a trust, you will want to put your assets into the trust, by retitling bank accounts, re-designating beneficiaries of life insurance, etc. We walk our clients through the…
family health insurance
Do I Need an Emergency List?
We frequently have questions related to the practical and financial panic after a death in the family when accounts, passwords, and assets are unknown. Sometimes, a family knows an estate plan was done but they cannot find the plan and don’t even know the law firm that drafted the plan. An emergency list can help to avoid these issues.
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We often see people lose their spouse, and have no idea how…
Is oatmeal anti-inflammatory? A list of anti-inflammatory foods
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A list of Anti-inflammatory foods to help aid in digestion and other bodily processes
Believe it or not, inflammation is one of the most common reasons behind minor aches and pains that we experience on a daily basis. Things such as headaches, sore joints, back pain and even toothache can all be attributed to inflammation as the main cause of concern and likely the culprit behind your discomfort. For that reason, I feel it is important to research and report on what healthy foods we can eat…
How to shop for new insurance if you lose Medicaid coverage
Medicaid coverage will end for millions of Americans in the coming months, and it will push many into unfamiliar territory: the health insurance marketplace. Video above: Advocates push for renewal of New Hampshire’s expanded Medicaid program States will start cutting people from the government-funded plans when they no longer qualify based on income, a process that has been paused since shortly after the COVID-19 pandemic hit. The timing of these cuts will vary. But all states have insurance markets where people who lose Medicaid can buy new coverage with help from subsidies. Some states will even connect shoppers with a…
Human error blamed for Chicopee health insurance overpayments
Officials in Chicopee, Massachusetts are working to recover money the city paid for health insurance premiums for municipal employees who had retired and in some cases died.
While acknowledging the data review is not finished, Chicopee Mayor John Vieau said the financial loss is expected to be less than 1 percent of the $15 million budgeted for health and dental insurance premiums and much of it will likely be returned to the city by the insurance carriers.
At a City Hall news conference, he told reporters the erroneous payments were not a result of corruption or illegal activity.
“There is…
Opinions | Fixing Health Care Starts With the Already Insured
There is no shortage of proposals for health insurance reform, and they all miss the point. They invariably focus on the nearly 30 million Americans who lack insurance at any given time. But the coverage for the many more Americans who are fortunate enough to have insurance is deeply flawed.
Health insurance is supposed to provide financial protection against the medical costs of poor health. Yet many insured people still face the risk of enormous medical bills for their “covered” care. A team of researchers estimated that as of mid-2020, collections agencies held $140 billion in unpaid medical bills, reflecting…
How will AI affect the international private medical insurance market?
How will AI affect the international private medical insurance market? | Insurance Business America
Life & Health
How will AI affect the international private medical insurance market?
AXA head speaks on bias and freeing workers from the ’80/20 rule’
Life & Health
By Gia Snape
Artificial intelligence (AI) and machine learning (ML) are rapidly transforming the global insurance landscape. But AI biases and data privacy risks pose a significant concern in the international private medical insurance (IPMI) industry.
“AI can decide whether some claims are valid within seconds. This gives businesses within our industry the opportunity to both save costs…
New Baby? Time to Update Your Estate Plan
We often have clients ask us when the best time to do their estate plan is and the answer is usually, right now! This is especially true for people turning 18 years old, people who don’t have a plan, and people who have had recent life changes.
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One event that should trigger you to meet with an estate planning attorney is a new baby. When you are expanding your family, that…