Free health screenings

Women have free screenings now

Most women won't notice, but as of Aug. 1, insurance companies must cover a range of women's preventive health care services for free. The new benefits are part of the Affordable Care Act, which is rolling out in stages. "Thanks to the Affordable Care Act, nearly 50 million women will now have guaranteed coverage of the preventive health services needed to keep them both physically and fiscally healthy," Rep. Lois Capps, D-Santa Barbara, said in a news release.

Services that no longer require a deductible or co-payment include annual well-woman checkups; breast-feeding support; screening and counseling for domestic-partner violence; screening for gestational diabetes; screening for sexually transmitted diseases including HIV; testing for some strains of human papilloma virus; and contraception.

"I think sometimes women are confronted with paying for their birth control or buying groceries." These services are already covered in California under state law but that now insurance companies will have to eliminate deductibles and co-payments. "It's literally nominal because it's already covered," Green said. "Access to preventive services reduces health care costs down the road." http://www.healthcare.gov/law/timeline/index.html

We get less than we put in—negative SS earnings retirement plan!

The AP reports that new retirees will receive less in Social Security benefits than they paid in Social Security taxes. It's the first time since Social Security began that middle-income workers will get back less than they paid in and experts say the problem will worsen in the future. If you are a high income earner and still working, you are really upside down!

Help yourself while you can: Where is your sloop going? A retirement portfolio that flies. $12.95

Just published https://www.createspace.com/3948629

401k or Roth 401k: Which is better for you?

If your employer offers the Roth 401k, the benefits can be huge—but they come later. Compare paying income tax on $3,000 contributions to your income tax savings of 50,000 on each year you contribute. So if you contribute $3000 this year, you may pay an extra $500 to $750 in taxes with the Roth. However, you will have NO taxes on your $2.1 million in retirement in 40 years. With a regular 401k, you will pay income taxes (whatever the rate is) on ALL your annual income --30% of $50,000 = $15,000.

Discover the pros and cons of Roth with our Guide: http://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938/

GOP not sure if Romney would repeal ObamaCare

Romney fears “allowing people to die” under his plan so now he claims he will “embrace health care reform.”

What does that mean for R/R?

http://news.yahoo.com/jonathan-alter-people-die-romneys-elected-145704866--abc-news-politics.html

Romney/Ryan budget ends fixed-cost Medicare—pay as you go system

Costs shift to individual: Stop paying for medical increases by not funding them.

Compare two plans. http://www.medicareadvocacy.org/2012/04/05/medicare-under-threat-health-reform-versus-the-ryan-budget/

Ryan plan in black and white:

http://www.retiredamericans.org/system/storage/24/27/6/1491/Fact_Sheet_Ryan2_FY_2013_Budget_FINAL.pdf

Five points about R/R plans for our future:

http://www.marketwatch.com/story/paul-ryans-medicare-plan-5-things-to-know-2012-08-13?siteid=yhoof2

Popular cars that may not make you happy

Consumer Reports these 5 are not what they seem.    

http://news.consumerreports.org/cars/2012/08/five-popular-cars-to-avoid.html

Obama election committee sees it this way

“Romney and Ryan share a conviction that our future will be brighter if we simply pass even bigger tax cuts for the wealthy; dramatically shift health care costs from Medicare to seniors, and walk away from our national commitments to education, research and development, and new energy technology,” wrote senior Obama strategist David Axelrod in an email. “So they would be a natural ticket, but it would be ticket to disaster for our economy and the middle class.”

Socialism for the rich

Driven by high commodity prices and crop insurance programs that eliminate risk for farmers, a total of 23 million acres, or 36,000 square miles, of grassland, wetlands and shrublands were converted to agricultural uses between 2008 and 2011. There is a "strong correlation" between crop insurance subsidies and conversion rates, Cook said. The highest rates of land transformation occurred in counties with the highest rates of crop insurance subsidies, he said. Most subsidies go to Agibusiness corporations.

Your tax dollars at work.

 SCAMS          “Only the little people pay taxes.” Leona Helmsley

Romney job “creation” program ends in bankruptcy and pollution

The rusty stains on Shirley Carter's home are a permanent reminder of her fight with the local steel mill, just down U.S. Highway 17 near the boat docks. No matter how many cans of industrial-strength acid she went through, the red tint on her property never seemed to go away. In 1998, Carter and her neighbors sued Georgetown Steel, then owned by the company Republican presidential candidate Mitt Romney co-founded, Bain Capital. They sought millions in cleanup costs and accused the mill's owners of leaving their historic Southern neighborhood looking like it had been hit by a "chemical bomb."

State officials determined the mill was largely to blame for the pollution. As the lawsuit dragged on for years, the steel mill filed for bankruptcy and the plant ultimately settled with the residents.

In the end, Bain walked away with more than $30 million in profits. Carter got $800.

http://news.yahoo.com/steel-mill-polluted-town-romney-firm-profited-075010087.html

Goldman Sachs beats government rules again

The U.S. Justice Department's decision not to prosecute Goldman Sachs Group Inc for its subprime mortgage trades resulted from either "weak laws or weak enforcement," the senator who asked for a criminal investigation of the firm said on Friday.

A day after the department announced its decision, Democratic Senator Carl Levin reiterated in a written statement the criticisms he lodged against Goldman beginning more than two years ago. He called the firm's actions "deceptive and immoral." It was never prosecuted for the derivative sales deceptions either.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Lies My Financial Advisors Told Me

Lies My Financial Advisors Told Me and low-cost alternatives I found

Did your advisor show you how to earn 10-12% return on your money without paying their fees every year?
Did your broker tell you that you can buy individual securities for $0 commissions now?
Did your agent call you about falling insurance premiums?
Did your banker explain your accounts will be ‘nickeled’ and ‘dimed’ to death?
Did your money manager explain that low costs are the best predictor of investment success?
Your financial “team” is robbing you of $3,000 every year.
“Professional money management is a gigantic rip-off.” Bill Gross, Bond Guru
Just published: https://www.createspace.com/3943417

Women need to start building tax-FREE wealth now with $100

Retired women continue to rely on Social Security at higher rates than retired men, with 16 percent of women and 12 percent of men age 65 and older depending on those payments as their only income in 2010, according to a recent report. Women who started late were still able to create a Tax-FREE Retirement: http://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

Medicare helps start new health insurer in CO

The Centers for Medicare& Medicaid Services awarded a $69,396,000 loan today to Colorado Health Insurance Cooperative, Inc. in Coloradoto launch a new private non-profit, consumer-governed health insurance company, called a Consumer Operated and Oriented Plan (CO-OP). "CO-OPs will promote competition and give consumers more health insurance choices," said Marilyn Tavenner, CMS Acting Administrator. "These new private nonprofit insurers will be run by consumers and are designed to offer individuals and small businesses more affordable, consumer-friendly and high-quality health insurance options."

Free medical screenings begin

Eight new health insurance requirements under the Affordable Care Act covering women's health --from wellness visits to contraception -- take effect Aug 1 and will benefit millions of women. But the rules already face multiple legal challenges from Roman Catholic institutions and others who say the contraceptive mandates violate their religious freedom. The changes, which eliminate co-payments for wellness examinations, breastfeeding support, supplies and counseling, and screening and counseling for domestic violence will "improve health for women and their children," Karen Davenport, director of health policy for the National Women's Law Center, said Tuesday.

The Department of Health and Human Services estimates the new benefits will be extended to 467 million women as their new or altered insurance plans take effect over the next year, Davenportsaid. Women will have access to all major forms of birth control without any kind of co-pay, said Jennifer Frizzell, senior policy adviser for Planned Parenthood of Northern New England.

Other women's benefit expansions that begin Wednesday include screening for diabetes during pregnancy, human papillomavirus (HPV) testing, and counseling and screening for human immune-deficiency virus (HIV) and counseling for sexually transmitted infections.

On the floor of the U.S. Senate on Tuesday, Sen. Jeanne Shaheen, D-N.H., said, "This will make a real and lasting difference for every woman across this country who can be ... screened for HIV, get a flu shot or receive DNA testing for certain cancers at no cost. Finances will no longer stand in their way.

HALF of US in crisis drought

More than half of all U.S.counties — 1,584 in 32 states — have been designated primary disaster areas this growing season, the vast majority of them mired in a drought that's considered the worst in decades. To help ease the burden on the nation's farms, Agriculture Secretary Tom Vilsack on Thursday opened up 3.8 million acres of conservation land for ranchers to use for haying and grazing. Under that conservation program, farmers have been paid to take land out of production to ward against erosion and create wildlife habitat. "The assistance announced today will help U.S.livestock producers dealing with climbing feed prices, critical shortages of hay and deteriorating pasturelands," Vilsack said. Vilsack also said crop insurers have agreed to provide farmers facing cash-flow issues a penalty-free, 30-day grace period on premiums in 2012.

Accumulate $1,000,000 with NO taxes EVER. +Take $6,600 monthly income FREE of income taxes.
+Avoid tax on up to 85% of your Social Security benefits.
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Where is your sloop going? A retirement portfolio that flies. $12.95 Just published https://www.createspace.com/3948629

Penn State insurers refuse to pay for institutional crimes

Penn Statefaces $60 million in NCAA penalties, more than $10 million in investigative and public relations costs, and the possibility of many millions more in defense and damages for claims by victims of Sandusky's abuse. But Penn State's insurers say they won't pay. State Farm insurance company has brought a federal lawsuit to get out of paying Jerry Sandusky's considerable legal bills.

Will the lawyers work for free?

45% of eligible retirees take Social Security at age 62

The share of workers claiming early retirement benefits under Social Security has decreased since 2004 when about 58 percent of retirees take benefits at the earliest possible age of 62. The monthly benefit for today's new retirees is reduced 25 percent if claimed at the early eligibility age of 62. High unemployment cycles encourage people to take the money early. However, living on less in the future will be a problem for many. Make sure you have enough: http://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285/

Long-term care insurance rates up 50% at GE

Genworth GE said it will raise rates on a majority of its older long-term care insurance (LTCI) policies by 50% over 5 years and to raise rates on many of the oldest "new generation" LTCI by 25% over 5 years. But profits have fallen short of expectations because of lower-than-expected lapse rates, higher-than-expected claims, and low interest rates, and "we believe that early intervention on the newer block is important to managing the performance of this business," Kelleher said. Company executives said Genworth hopes LTCI rate increases already being implemented will add $50 million in new revenue this year and $60 million next year, and that the new rounds of rate increases will add $200 million to $300 million in annual revenue. Time to look at alternatives: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

GOP Bachmann raises $1 million: says Muslim Brotherhood in State Department

During July, Bachmann drew headlines for her letters, signed with four other members of Congress, accusing the Muslim Brotherhood of "deep penetration" within the U.S. government and singling out longtime Secretary of State Hillary Clinton aide Huma Abedin. Bachmann faces reelection and it's raining Tea leaves.

SCAMS “Only the little people pay taxes.” Leona Helmsley

Romney won’t release tax returns to public and now we know why

Senate Majority Leader Harry Reid is not backing down from his second-hand allegations that Mitt Romney did not pay taxes for 10 years, but he still won't name his sources for the unproven claim. Reid said earlier this week that an investor in Romney's former private equity firm toldhim the Republican presidential candidate paid no taxes for a decade. But Reid would not identify the Bain Capital source and acknowledge that he doesn't know if the sensational claim is correct. “I have had a number of people tell me that." But he still wouldn't name his sources. "I don't think the burden should be on me," he said. "The burden should be on him. He's the one I've alleged has not paid any taxes. Why didn't he release his tax returns?" http://www.nydailynews.com/news/election-2012/harry-reid-continues-pushing-allegations-mitt-romney-paid-taxes-10-years-article-1.1127323#ixzz22P5VMRzX

This is why his fortune is in Ireland, Switzerland, Luxembourg, Bermuda and the Cayman Islands, reports the New York Daly News, and not in the US. We are making up for his lack of tax payments.

Who owns your account now?

Woodbury Financial, (Hartford) with 1,400 reps and advisers to AIG.

Family Heritage Life Insurance to Torchmark Corporation

Zecco and TradeKing announced their intention to merge

IAN

41 Watchung Plaza, B242

Montclair, NJ07042

973.746.2014

www.InsuranceAdvisorsNetwork.com