401k hidden fee lawsuit underlines industry potential for fraud
A recently filed case involving allegations that 401(k) plan sponsors charged excessive fees is raising questions on whether general account products, group annuities and stable-value products might also become a focal point in future litigation. “The problem is that in many of these products, [fees] that are not disclosed. With stable value, it’s almost impossible to tell the rate of return and how it’s calculated.” Fees have a tremendous impact on lifetime nest egg totals—taking up to 63% of our potential. Use a low-cost tax-FREE account: http://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966
Long-term care insurance costs to go up 25%
John Hancock requests to raise premiums on half of its in-force business by an average of 25%. This latest rate increase comes three years after the insurer had asked regulators in the U.S. for rate hikes averaging out to 40%. Genworth said it is filing for rate increases of 6% to 13% on the in-force business that was purchased between 2003 and 2012. What are the alternatives? http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X
Tea Party silent on Oklahoma mandate for uninsured
In an ongoing effort to curb the number of uninsured motorists on Oklahoma roads, law enforcement officers can now seize license plates from uninsured vehicles and assign temporary insurance. "It gives that law enforcement official, whether they be in rural Oklahoma or a metro area, a chance to make that decision" to seize the license plate instead of towing the vehicle, as allowed under a 2010 amendment.
Is this like ObamaCare? Get insurance or pay a fine (to get car back)
ObamaCare allows substandard policies to renew for one more year
Insurers wouldn't be able to sell so-called substandard plans to new consumers, only to those who were already enrolled in plans that don't meet the law's coverage requirements. Several state insurance commissioners already have been critical of carriers that have tried to encourage current enrollees to renew their policies, accusing the insurers of trying to prevent people from accessing the full benefits of the overhaul law. Old policies that do not provide comprehensive coverage will be phased out during the year as insurers have time to switch to new plans. Buy only what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Some insurers use “early renewal” loophole to continue substandard policies
For instance, 61,000 people covered in small group plans by Kaiser Foundation Health Plan of Colorado were offered the choice to renew early, because their plan was being discontinued. But thousands of people in Anthem-based small group plans weren't given the same choice when informed their plans were being cancelled. Eventually, plans must offer comprehensive care so that everyone pays their fair share. Great GOP idea.
Study says drugs, devices and special operations drive health prices not seniors
For example, the analysis found personal out-of-pocket spending on insurance premiums and co-payments declined from 23 percent to 11 percent since 1980, contradicting the conventional wisdom that out-of-pocket spending has increased; and in 2011, chronic illnesses account for 84 percent of costs overall among the entire population, not only of the elderly. Chronic illness -- such as heart disease or diabetes -- among individuals age 65 and younger accounts for 67 percent of healthcare spending, researcher Moses said. http://www.upi.com/Health_News/2013/11/14/Elderly-not-driving-healthcare-costs-professional-services-do/UPI-79051384407586/
Attacking bikers may lose insurance—beware: they run stop lights too
Last September when a family was attacked on Henry Hudson Pkwy , the event instigator Jamie Lao, was at home in Queens . Apparently more comfortable behind a computer screen, Lao hit Facebook, Twitter and forums like bikenightusa.com, stuntlife.com and stuntride.com, urging bikers across the country to attend his annual “Hollywood’s Block Party” and “tear up the streets.” Asked if his son was involved in the incident, Juan Lao said Jamie didn’t attend.” But several neighbors said the rally started at the Lao’s two-family house on 103rd Avenue . “There was about 300-400 bikes,” said one neighbor who asked not to be named. Now 11 bikers are charged in the attack—one a cop. They may lose coverage if they are convicted of using their bikes in the attack. See “Block Party.”
SCAMS “Deficits don’t matter” Republican Godfather, Dick Cheney, 2002
Bush wars increased the debt by $4-6 trillion to $16 trillion. 1985 debt $3 T, same as 1945.
IAN
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