July 2024
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America. The bank’s economists see several driving factors behind the run-up in costs to ease in the months ahead, possibly taking some of the heat off a category…
Read MoreHome Insurance Premiums Are Surging—and States Are Allowing It
By Jean Eaglesham from WSJ Home insurers are pushing for big rate increases and weakened consumer protections—and increasingly getting what they ask for. State regulators across the U.S. appear to be buckling to industry demands for fear that insurers will pack up and exit their regions, leaving residents with few coverage options. In the last 12…
Read MoreFewer Americans are buying life insurance. Here’s when you might need it
By: Greg Iacurci from CNBC Fewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected death, experts said. About half, or 52%, of consumers had a life insurance policy in January 2023, down from 63% in 2011, according to the results of a…
Read MoreUnderstanding IRMAA and Why it Really Matters: For those in Medicare, IRMAA can have a big impact on healthcare costs
IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare, IRMAA can have a significant impact on their healthcare costs. Here are the basics of IRMAA, why it matters, and how it can affect your Medicare expenses. What is IRMAA? IRMAA,…
Read MoreUnderstanding Today’s Private Health Insurance
In the complex landscape of healthcare coverage, individuals often find themselves navigating the options of private and public health insurance. While public plans, such as Medicare and Medicaid, are funded and administered by the government, private health insurance is provided by private companies. Let’s explore the realm of private health insurance, shedding light on its…
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