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Posts Tagged ‘affordable health insurance’

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Maintaining Health Insurance

Friday, July 23rd, 2010

Though many individuals and families do have affordable health insurance coverage, the numbers do fluctuate from time to time as those who are employed either change their place of employment or find they are unemployed. The way the entire system was set up many years ago was that when an individual was in between employment they had no low cost health insurance except for the first thirty days after they stopped being employed.

Other individuals are children who had health insurance coverage, but now are old enough to purchase a low cost health insurance policy of their own. The current laws only allow a child to remain on their parent’s health insurance policy until they reach the age of nineteen. With the new health insurance bill that was recently passed though, even that is about to change.

Children will be permitted to remain on their parent’s health insurance policy until the age of either twenty-six years old or twenty-seven years old. Of course, there is no mention if those same children change their status and become married. There is also very little mention of what happens when your children decide to move across the country to another state.

The important message is for everyone to maintain a health insurance policy regardless if he or she is able to afford medical health care assistance or not. Okay, so now the government is mandating that it is a requirement if you want to be a citizen to own and maintain a health insurance policy. Whom does this help if you must now pay for a health insurance policy?

Is this the new health insurance policy that you are mandated to pay for, any good to you? Where will you get the necessary monetary funds to pay for your medical health care needs and the medical prescriptions that you so desperately need? At least the government and the health insurance providers will be happy because this is the insurance they have all needed so they can remain a viable business.

Where does this leave you and your family? Yet, this was all designed to afford health insurance coverage as a pre-requisite to being a citizen and yet there will still be millions of citizens who remain without any health insurance coverage. How can this be?

What will you be mandated to relinquish in order to have the necessary funds to continue paying for the average monthly cost for health insurance that you will never have the opportunity to use?

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Sports Family Tax Tips

Monday, January 18th, 2010

There is any number of avenues for the active sports participant, whether football, baseball, soccer, motorcycle racing, drag strip racing, snow boarding, and many others to take during the hustle and bustle of the busy calendar ahead.

1.               Invest in a good, reputable, comprehensive health insurance plan

2.               Invest your time and money into a comprehensive bookkeeping software

3.               Set reminders for your quarterly tax payments

4.               Have a clear understanding of the self-employment tax

5.               In recent times the prescription drug program terminated a complete understanding of the self-employment tax.

6.               Try to establish a retirement plan as soon as possible

A good example of this is with the sports stars who are working diligently to level the playing field, especially with the many head injuries which can lead to mental illness in the later years of life. On some sites, they focus on a few players that are working hard for the health care benefit of all professional players.

The reason people like Frank Bruno, Tony Adams, and Marcus Trescothick are working diligently is because of the necessary health need provisions currently eliminated from major insurance policies.

1.              Chiropractic care

2.              Necessary health treatment for alcoholism

3.              Necessary health treatment for substance abuse

There is in place a $3000.00 cap on the total prescription drug package included with this throughout the country. This is due again to the high cost affordable health insurance and prescription medication.

The stop-loss medical provision was an introduction to cover up to 90% of claims between $30,000.00 and $100,000.00 for any individual, reducing the risk to the insurance carrier.  A multitude of the most recent changes to this medical health program, such as incorporating the choice of health benefits by recommendation.

Establishing a retirement plan is also a beneficial step because this will offer you peace of mind in your later years. Keeping track of all expenses through the years and aiming to have a clean slate when you decide to retire will also help make the transition a smooth one. Even those involved in sports for many years still need some type of individual health insurance compensation to fall back on because of the high cost of medical care.

It has recently come to light that about eighty-five of those involved with sports on any level including the sports icons suffer some form of mental illness in later years.

1.               An icon such as Dame Kelly Holmes began to discuss the emotional turmoil of mental distress and all that transpired in later years because of it.

2.               Another icon was Ronnie O’Sullivan “Snooker” who also opened up after suffering silently for many years.

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