Is Vanishing Deductible right for you?

Is the Vanishing auto policy Deductible right for you?
Nationwide, Hartford and other insurers are offering to lower your deductible $100 every year you are claim-free. Sounds good except this little accounting trick costs you dearly over the long term. First, this gimmick only works if you are a safe driver. By definition, you are not going to pay the deductible any time soon because you don’t make claims. Second, this “benefit” cost you more each year. If it costs you an extra $60 to $80 a year, and you have no claim in 10 years, you are out $600 to $800. Again if you are a safe driver, you will never save on your deductible. Members use the self-insurance model. Save 30% on the cost of your coverage by making the deductible $1,000 or more. Over time you will earn more than the $1,000 on the savings. Plus you can keep your policy savings instead of giving it to the insurer. Save on all your insurance needs:
amazon.com/Industry-Insiders-Guides-Buying-Insurance


New study shows poverty increasing for Medicare recipients
Americans 65 or older sustained the largest increase in poverty under the revised formula – nearly doubling to 15.9%, or 1 in 6 – because of medical expenses that are not accounted for in the official rate. Those include rising Medicare premiums, deductibles, and expense for prescription drugs." "Increasing Medicare copayments or deductibles would be devastating for low-income seniors who are already suffering with unaffordable costs to meet basic needs, without adequate help," said Howard Bedlin, vice president of policy and advocacy at NCOA. The “supercommittee” is considering hikes in out of pocket expenses affecting low-income recipients. The agency proposes expanding Senior Community Service Employment Program (SCSEP) and Senior Environmental Employment (SEE).

Bank charges vary widely so shop wisely
With the recent scare of $5 per month for using your “free” debit card, you might feel it is time to move permanently. There are several options listed in this article but it misses the savings banks and credit unions which usually pay interest and reimburse you for foreign ATM use. The downside is that they have few branches. However, if you don’t need an ATM or teller EVERY day or like doing online banking, this might save you $100 over time. Consider that the penalties for mistakes are much less with small banks.
http://moneyland.time.com/2011/11/15/how-much-basic-checking-at-a-big-bank-really-costs/

Annuity sales hit new highs—insurers limit supply
Your advisor has probably told you that some annuity benefits are being limited because insurers cannot afford to pay for them in the future. Your advisor may have pushed the panic button—“You better get it now before they are withdrawn.” Don’t fall for that false urgency. The insurers are changing some of the benefits because they are trying to gain market share, as they always do. But when you buy this line, you are locking your money into their insurer’s timetable. Our members consider the downside and consider all the alternatives. They use this Guide: Do Not Buy That Annuity: Create a Guaranteed Income plus Build your Wealth ReserveTM https://www.createspace.com/3716857.

Supremes consider what kind of health car we have in American—5 guys for 307 Million!
The Supreme Court will take up legal challenges, including one from Florida, to the 2010 health care reform law. The decision could change the face of health care in America.
"However the court rules, it's going to have enormous consequences on who has health insurance and how much you're paying for that health insurance," said Bob Jarvis , a law professor at Nova Southeastern University who regularly provides legal analysis. None of the Supremes has ever had to buy his own health insurance, even with a big salary.

Washington State to ban Medicaid from going to ER for non-emergencies
Washington court halted implementation of the state's controversial three emergency room visit benefit limit for Medicaid enrollees on a technicality. The State’s limit is being challenged by doctors and hospitals that fear patients will not seek help when their condition is truly life-threatening.

SCAMS
Our tax dollars pay for Defense contractor’s pensions for their workers
Even though many taxpayers have lost $ thousands from their pensions and 401ks, our taxes are used to pay for the loses of workers’ pensions and health care at Boeing, General Dynamics, Lockheed Martin and Raytheon. Since these companies are already making $ billions, why should we have to pay for their workers’ benefits. Most American companies can’t bill us for their workers’ benefits. Is this fair?

Bank America caught in overdraft fee scam
If you had a Bank of America account and paid an overdraft fee between Jan. 1, 2001 and May 24, 2011 you may be eligible for a payment. If you still have the account, you'll receive an automatic credit while those who changed banks will get a check in the mail.
It's estimated the average award will be $27.

Paterno “sells” his home to wife for $1
Joe Paterno's recent real estate transaction, reported by Mark Viera and Pete Thamel of the New York Times, has led some to speculate he knew his world was going to come crumbling down around him at Penn State. The winningest coach in major college football history quietly transferred complete ownership of his house to his wife for $1 less than four months before the bombshell sex abuse scandal erupted. Some legal experts believe the move was made to financially shield the Pennsylvania pigskin legend. The house is worth $600,000. Joe’s annual pension of more than $500,000 a year will start soon. What do you think: http://i.cdn.turner.com/cnn/2011/11/07/sandusky_grand_jury_presentment.pdf


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