What Young Americans Should Look For In a Heath Care Plan

doctor with male patient

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NEW YORK — For Americans 30 and under choosing a health care plan — many for the first time — there is no shortage of moving parts to consider.

For keeping costs low for younger consumers who habitually make the lowest incomes, accepting a high-deductible plan in exchange for lower monthly premiums (or payments) might be the way to go. After all, the 30-and-under demographic isn’t only the youngest section of the workforce, it’s also the healthiest, and accepting some elevated risk of using high health care plan deductibles can make good sense.

To find the best option, Harley Gordon, co-founder of Agent Review, a Bellevue, Washington, online insurance agent reviewer, advises the younger generation to focus on the “three H’s”:

Measure your current health. Do you get sick a lo...

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Obamacare Bumps Up Tax Refunds for Some, Others Take Hit

Health Overhaul Tax Refunds

Steve Nesius/APWilliam Preus was covered by Obamacare for part of last year before transitioning to Medicare, creating a major tax headache for him.

WASHINGTON — As the April 15 tax deadline nears, people who got help paying for health insurance under President Barack Obama’s law are seeing the direct effect on their refunds — hundreds of dollars, for better or worse.

The law offers tax credits so people without access to job-based health insurance can buy private coverage. Because these subsidies are tied to income, consumers must accurately estimate what they will make for the coming year.

That’s been a challenge for millions of people.

“I was expecting to get dinged a little bit, but I was actually kind of surprised when it came down that much.

Guess on the low side, get more help n...

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How to Supercharge 4 Types of Trusts with Life Insurance

Living Trust Documents

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For the majority of you who own life insurance, it’s perfectly fine to list individuals such as your spouse or children as beneficiaries on your life insurance policy.

But, there are a number of situations when it might be better to set up a trust as the beneficiary of any life insurance policies you own instead. This could be especially important if you:

have a large estate;
your beneficiaries can’t manage money;
you wish to protect their inheritance from creditors;
you have special needs children.

Depending on the type of trust, there are many benefits which can be found for those in a variety of unusual, or more complex financial and personal situations...

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Auto insurance premiums tied to credit score

auto insuranceYou might expect a plunging credit score to affect your ability to qualify for a car loan or how high the interest rate on your credit card will soar. But too often Americans don’t realize a plunging credit score can cost them big bucks on insurance premiums.

One of the biggest mistakes insurers say people make is not realizing when their credit score is tanking.

“Credit scores factor heavily into your rate,” says Ashley M. Hunter, a construction-risk insurance specialist who owns HM Risk Group in Austin, Texas. That’s because in the eyes of your insurer, if you’ve missed a few payments to your credit card company or have written a lot of bad checks (that wound up in collection), chances are you’ll do the same thing to them.

So, they charge you more money to protect themselves...

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