Managing assets for a long life after retirement

Retirement is something many people look forward to. The idea of life without stressful work with time to pursue hobbies, travel, and enjoy life is certainly appealing. There are some barriers to achieving retirement, though, the most obvious of which being monetary. Even after retirement, the stress of potentially running out of money due to […]

Preventive Care During the Pandemic

Are you tired of hearing about the pandemic? Unfortunately, the pandemic is not going anywhere quite yet, and it is continuing to vastly change our daily and long-term lives–especially in the context of healthcare. You have likely heard about preventive care, or medical care received to prevent disease and illness. This type of care is […]

Benefits of Medicare Advantage Plans

Although we did touch on Medicare Advantage plans in an earlier post while talking about value-based care, it seemed important to continue to explain what exactly makes Advantage plans so great. First, it is important to recognize how access to Advantage plans has improved nationwide; “In 2020, 99% of Medicare beneficiaries have access to at […]

CD (Certificate of Deposit) Replacement Annuities

Bank CDs have historically been considered to be some of the safest investments available. For retirees in particular, investments need to be wise to avoid losing money. Bank CDs, for example, are federally insured if the bank fails. However, Multi-Year Guaranteed Annuities (MYGAs) can be a great alternative to these investments. CDs and MYGAs both […]

Value-based care in Medicare Advantage Plans

In our last post, we discussed the shift in the healthcare industry from fee-for-service to value-based care. However, Medicare advantage plans oriented toward value-based care do already exist. This is manifested through what are known as ‘star ratings’ of plans. Medicare Advantage Plans and Part D Plans are scored by Medicare on how they perform […]

COVID-19 continues the shift from fee-for-service to value-based care

The new coronavirus pandemic is accelerating the change in how healthcare is being delivered. One of the most interesting shifts is in how the healthcare system is being compensated. First, it is important to understand what the two major concepts (‘fee-for-service’ and ‘value-based care’) mean. Fee-for-service is defined by as ‘a method in which […]

Daniel Insurance Annual Community Donation

Hello everyone! Following the conclusion of the survey I sent to my clients requesting feedback on organizations that we should support this year, I was excited to be able to deliver the checks this week. Giving back to the community both monetarily and through volunteering has always been something important to me, and doing so […]

Protecting Seniors from Investment Fraud

The pandemic has led to a variety of changes in our lives, such as the increase in scammers and identity theft as mentioned in our last post. Similarly, the loneliness and other feelings of dependence seniors might feel during the pandemic may also lead to vulnerability to financial scams. Scammers know how to approach potential […]

HSA limits have increased in 2021

The amount that individuals are able to contribute to an HSA in 2021 will now be $3,600–a $50 increase from 2020. Meanwhile, families are able to contribute up to $7,200, which is a $100 increase from 2020. On Medicare? You can no longer contribute to an HSA, but you can use HSA dollars to pay […]