loader from loading.io

New Health Insurance Options for 2020

Wealth Talks

Release Date: 10/29/2019

Time and Money show art Time and Money

Wealth Talks

Americans are running out of money in retirement, and its not just by a little… there’s a big shortfall. It shouldn’t be this way, but sadly Americans have either not saved enough, or saved in the wrong places… maybe some of both. The typical IRA and 401k are just not cutting it. So what should we do instead? Today on Wealth Talks, Tom and John talk about why the 401k and the IRAs have failed Americans, and what we can do to save more effectively for the future.  

info_outline
Should you borrow from your Life Insurance? show art Should you borrow from your Life Insurance?

Wealth Talks

Some people advocate borrowing from a life insurance policy for everything. Others vehemently oppose taking a policy loan at all. What should you do? The answer is simple though not conclusive… it depends. Sometimes it makes great sense to take a policy loan. At other times, you can save more money by borrowing elsewhere. Today on Wealth Talks, Tom and John point out the effects of borrowing against a policy, and how you can decide when to use a policy loan and when to look for other funding options.

info_outline
Do Extra Mortgage Payments Save You Money? show art Do Extra Mortgage Payments Save You Money?

Wealth Talks

With low interest rates right now, does it make sense to make extra payments right now? This is an area of confusion for many, and it is often glossed over by the experts in finance. Today on WealthTalks, Tom and John discuss making extra payments on a mortgage, and even using a HELOC to pay off the mortgage early. Knowing the facts can save you a lot of money. Listen Now on Wealth Talks

info_outline
What is a Roth IRA? show art What is a Roth IRA?

Wealth Talks

How did it originate? What was it intended for? How can it be used? Is it a good financial strategy? Those are good questions. Listen Now on Wealth Talks as Tom and John delve into the inner workings of the Roth IRA. : https://www.life-benefits.com/how-does-a-roth-ira-work/

info_outline
How to Build Sustainable Wealth show art How to Build Sustainable Wealth

Wealth Talks

Its been an exciting few days! The new book How to Build Sustainable Wealth has finally premiered as a softcover. Many people are struggling financially. They are doing all they know how to do, but their money keeps slipping through their fingers like sand. Frustrated and upset, they turn towards a Financial Planner for help. Sadly, this is often the worst thing they could do. On this show we discuss the new book How to Build Sustainable Wealth, and how it can help you keep more of the money you make. Order the new book How to Build Sustainable Wealth by Dr. Tomas McFie:...

info_outline
Silver, Gold and a Cashless Society show art Silver, Gold and a Cashless Society

Wealth Talks

The Economy is suffering, stability is not an accurate description of the Market, and the Federal Reserve seems to be playing a game of Jenga with our monetary system. It seems as if any moment everything could come crashing down. What should we do?… what can we do? In uncertain times, like the present, many are advocating buying silver or gold. Is this a good choice? Are there better options? Find the answers now on WealthTalks.  

info_outline
Should your Home be an Investment? show art Should your Home be an Investment?

Wealth Talks

Real Estate prices have been fluctuating for years. Goaded by natural disasters, crime and political intrigue, real estate prices have been anything but stable. Seemingly “safe” properties are not immune, the arrival of a less than desirable neighbor, or the whim of some politician can change your home’s value drastically. All told real estate seems a slippery surface on which to set your basket of eggs. But what else can we do? Where else can we build equity today? Commercial Real Estate? A HELOC perhaps? Join us on Wealth Talks and discover the answers to these questions.

info_outline
Can TUMS make you sick? show art Can TUMS make you sick?

Wealth Talks

The purpose of TUMS and other antacids seems straightforward - almost like a magical formula to solve Heartburn and acid indigestion. But how do antacids work? They either neutralize the acid in your stomach or, depending on the product, they might prevent you from making as much acid in the first place. With no acid to slosh up your esophagus, you can’t get heartburn! This all seems great, but an interesting study shows that those who took antacids were more likely to become ill than those who did not. The acids in your stomach protect you from diseases. With these acids destroyed, germs...

info_outline
Interview with Ralph Reed show art Interview with Ralph Reed

Wealth Talks

It’s obvious that Christian faith is under attack on many levels across America. This inherently includes an attack on the Judeo-Christian values which support the ownership of personal property and allow American families to build sustainable wealth. Dr. Ralph Reed’s latest book provides a defense of Judeo-Christian values especially relating to political decisions in the face of vocal opposition. When it comes to elected officials, you can’t ignore or deny that there are “politics” involved in the way they deal with certain issues and regulations including recent restrictions and...

info_outline
The Life Benefits Youtube Channel show art The Life Benefits Youtube Channel

Wealth Talks

YouTube has changed the world of learning. With a simple search, we can find videos to learn about almost anything under the sun. But there is so much non-relevant, outdated, and even mis-information online too, that trying to sort out the gold can be frustrating. Today on WealthTalks, you get a “behind-the-scenes look” at the Life Benefits YouTube channel, as Gracine and Jesse join the show. How do we keep our videos relevant? Where is a good place to start? What will these videos help you with? Listen Now on Wealth Talks Also on this show… sneak peek on next week’s show with a...

info_outline
 
More Episodes

🗓 Open Enrollment for Health Insurance starts Friday November 1st running through December 15th 2019. Special guest Jack Hooper from Take Command Health shares 2 new HRAs available for businesses in 2020 - ICHRA and EBHRA in addition to QSEHRA from 2017.

 

Acronym Definitions:

ICHRA = Individual Coverage Health Reimbursement Arrangement

EBHRA = Excepted Benefits Health Reimbursement Arrangement

QSEHRA = Qualified Small Employer Health Reimbursement Arrangement

 

These HRAs can add more options and flexibility for employers and employees searching for the best health coverage and benefits.

 

Business Owners in any of the 50 states can choose from a couple types of HRAs to eliminate the hassles of trying to choose the best group health plan, and deal with premium increases.  You can also outsource the on-boarding, compliance and reporting to make an HRA the obvious simple solution for your business health benefits program.

 

Shopping for individual coverage? Use the Take Command Health system to find the best health insurance options across ___ states.

 

And if you’re an employee who’s not entirely happy with your employer offered group health plan, you may want to take this information to your employer and encourage them to implement an HRA that could give you better options in 2020.

 

Resources:

For more information on shopping for Individual and Family Health Insurance Coverage see:

How to Save Money on your Health Insurance - 2018 podcast with Jack Hooper

and

Comparison of Heathcare Sharing Options - Podcast