Read more about the article The Lesser-Known Features of Long-Term Care Insurance

The Lesser-Known Features of Long-Term Care Insurance

Buyers of long-term care insurance often focus on just the coverage basics, such as the level of daily benefits, the length of coverage, and the conditions under which the policy will pay a claim.   While these basics form the bulk of the policy, long-term care policies offer a host of other options that may prove beneficial to the policyholder.    Let’s take a look at some of these available options:   Survivorship premium waiver – Some policies will provide a waiver of all remaining premiums if both spouses are paying for long-term care policies from the same insurer and…

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Read more about the article Don’t Miss Medicare Open Enrollment

Don’t Miss Medicare Open Enrollment

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Medicare open enrollment is a critical time for seniors aged 65 and other Medicare beneficiaries. It's the only time during the year when you can make changes to your Medicare plans, including Medicare Advantage and Medigap policies, while still enjoying guaranteed enrollment status. The dates are different for new Medicare enrollees than they are for existing Medicare beneficiaries, so pay close attention to the open enrollment period for your category. For current Medicare enrollees If you are already enrolled in Medicare, then your open enrollment for 2022 runs from Oct. 15 to Dec. 7 this year. During this period, you…

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Read more about the article Medicare: Take Advantage of Open Enrollment!

Medicare: Take Advantage of Open Enrollment!

Are you in the best available Medicare plan for your situation? For many Medicare beneficiaries, the answer is no and that can be a costly mistake. A recent study by the Kaiser Family Foundation found that 71% of Medicare beneficiaries don't research their plan options when Open Enrollment comes around. But Medicare plans can make changes every year. Your current Medicare plan may be changing any of these important items: Deductibles Coinsurance Maximum out-of-pocket costs Premiums Care provider networks Prescription drugs and access. Prescription drug plans are particularly prone to making changes in their formulary of covered drugs, rules under…

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Read more about the article Does a Homeowner’s Policy Cover Your Home Business?

Does a Homeowner’s Policy Cover Your Home Business?

Thanks to advances in technology, more and more people are running home-based businesses. But will a homeowner’s policy cover the risks of a home-based business? In nearly every case, the answer is no. The only exception to this might be if a homeowner’s policy has a special endorsement, such as to run a catering company from your home. Yet few companies offer such endorsements. Additionally, some policies may give a very limited amount of coverage for business property, such as a computer. According to the Independent Insurance Agents & Brokers of America, roughly 60% of home-based businesses lack adequate business…

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Read more about the article Working Professionals Don’t Want to Go Back to the Office

Working Professionals Don’t Want to Go Back to the Office

The COVID-19 pandemic has had a profound effect on the nation's workforce, and one of the biggest changes is in the amount of people that are now working from home. A new survey has found that the majority of working professionals who were forced to start working remotely due to the pandemic would like to continue to do so after it has subsided, while 29% of professionals said they would quit if their employer decided not to allow telecommuting. The study by LiveCareer.com found that going forward 62% of professionals when looking for jobs in the future would look for companies…

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Read more about the article Are Injuries on Commute or in Parking Lot Covered?

Are Injuries on Commute or in Parking Lot Covered?

When employees are injured on the job, they are eligible for workers' compensation benefits, but not if the accident occurs on their commute to or from work — in most cases, at least.  But how about if an employee is injured in your parking lot, or while running an errand for you after work? There are two rules that govern at which point a worker is eligible for benefits if they sustain an injury: The 'coming and going' rule Typically, workers' comp benefits won't be paid for injuries sustained during a daily commute. This is known as the "coming and…

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Read more about the article Don’t Make These Mistakes When Posting OSHA Form 300A

Don’t Make These Mistakes When Posting OSHA Form 300A

Employers with 10 or more employees must post their completed OSHA Form 300A by Feb. 1 and keep it posted in their workplace until April 30. The form must be posted where the company usually posts other employee notices, like minimum wage and workplace safety notices. Form 300A summarizes the total number of fatalities, missed workdays, job transfers or restrictions, and injuries and illnesses as recorded on Form 300. The penalty for OSHA posting violations is $13,260. The Summary (Form 300A) requires the following information from the Form 300 Log: The total number of non-first-aid occupational injury and illness cases.…

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Read more about the article CMS Approves Medicare Coverage of ‘Breakthrough’ Medical Devices

CMS Approves Medicare Coverage of ‘Breakthrough’ Medical Devices

The Centers for Medicare and Medicaid Services has issued new rules that require Medicare to cover medical devices that the Food and Drug Administration designates as "breakthrough" technology.  The rule paves the way for giving Medicare recipients access to the latest technologies four years after they receive market approval by the FDA. The move should greatly speed up the time by which these new devices are covered by Medicare, the approval process of which can be extremely slow. Under the final rule, the CMS will use the data for these devices during the four years after the FDA approves them,…

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