Spiritenna Insurance Services, LLC

According to US Department of Health and Human Services, at least 70 percent of people over age 65 will require some long-term care at some point in their lives. That should alert you. Next question is how much long-term care would cost. Well, nursing home costs in California averaged $290 a day in 2017, with the annual cost of care close to $110,000. [ 398 more words ] http://spiritenna.com//you-should-be-concerned-about-long/

In the US, when you reach 65 years old, you are eligible to receive Medicare health insurance offered by the Federal government. It's called "Original Medicare", which consists of Part A covering hospital stays and Part B covering doctor and outpatient visits. What exactly are covered, most people ask. Below is a list of coverage from Medicare website. Please note that Medicare coverage can be different depending on where you live. [ 565 more words ] http://spiritenna.com/2019/02/26/whatre-covered-in-medicare/

The 2018 Tax Cuts and Jobs Act increased the estate tax exemption available for U.S. citizens to $11,200,000 for an individual, or $22,400,000 for a married couple and left the gift and estate tax rules unchanged as they apply to foreigners. That means many foreigners (Non-Resident Aliens) holding U.S. situated assets valued more than $60,000 may be subject to the full impact of the US federal estate tax at death. [ 245 more words ] http://spiritenna.com//foreigners-real-estate-related-tax/

Many people get confused about when they can sign up for Medicare and its supplemental insurance, such as Medicare Advantage plan (Part C) or Medicare Supplement (Medigap) plan. Here is a short summary. IEP: 7-month Initial Enrollment Period to sign up for Part A and/or Part B. It includes the month you turn 65, and 3 months before and 3 months after the month you turn 65. [ 184 more words ] http://spiritenna.com//different-medicare-enrollment-peri/

"Medicaid" is Federal health insurance program for low income individual and families. In California, it's called Medi-Cal. Medi-Cal used to be only available for those who are age 65 or older, and either blind or disabled. After Affordable Care Act (a.k.a Obamacare) came into force in 2014, it is available for people who are under age 65 and meet the low income requirement. [ 172 more words ] http://spiritenna.com//to-qualified-for-medi-cal-health-i/

Whether you need dental insurance or not, it really depends on whether you have a good set of teeth or not. My suggestion is, if you don't have dental insurance, brush and floss your teeth well, don't hit it too hard when you play sports, eat something less tough, and if you have night molars, go to Walmart and get a night guard. [ 402 more words ] http://spiritenna.com/2019/02/11/dental-insurance-abc/

Allianz 222 is a very popular index annuity that is primarily for using to generate lifetime income. It has a premium bonus currently at 22% of the initial deposit. That looks very attractive. But be aware, there’s no free lunch. ... https://spiritenna.com//indexed-annuity-virtual-vs-real-m/

When an indexed annuity is purchased, the fund is deposited into the client’s personal account, which is what I referred to as real money. And at the same time a separate account is created ... https://spiritenna.com//indexed-annuity-virtual-vs-real-m/

When you retire, you no longer obtain income in return for your work. In the United States at retirement you can receive lifetime income from government in the form of social security benefit. Is it enough? ... https://spiritenna.com/2019/01/18/what-is-annuity/

The term "Guarantee" for the obvious reason, can be expensive. It is particularly true when a life insurance company sells a guarantee product, it tends to be costly. Term life insurance is guaranteed for a fixed period, normally 10, 20, 30 years. It is least expensive because it's in force only for a period of time and has no cash value. [ 324 more words ] http://spiritenna.com//life-insurance-with-guarantee-and-/

I went to a workshop hosted by UnitedHealthcare regional sales director A. T. There's a couple of takeaways I would like to share here. First it's birthday rule. In California, if you have Medicare Supplement (MediGap) plan, you have to know CA Birthday Rule. This law allows guaranteed issue for a new Medigap policy without a medical underwriting with the same or lesser benefits as the old policy, 30 days before your birthday month and 30 days after your birthday month. [ 213 more words ] http://spiritenna.com/2019//01/birthday-rule-in-california/

IUL has a number of advantages as a financial vehicle comparing to Roth IRA. . IUL does not have limitation on contribution like Roth IRA. . Roth IRA does not allow access to your cash values prior to age 59 1/2. IUL does. https://spiritenna.com///23/iul-as-a-roth-ira-alternative/

Foreign nationals (Non-Resident Aliens) have tax-advantage to buy US life insurance. Non-resident Aliens are subject to estate tax for fair market value at death of the decedent's U.S.-situated assets exceeds $60,000. But the Exceptions: Assets that are exempt from U.S. estate tax include securities that generate portfolio interest, bank accounts not used in connection with a trade or business in the U.S., and insurance proceeds***. The companies that offer life insurance product to the foreign nationals are AIG, National Life Group, Allianz, Global Atlantic and Transamerica. ***IRS website http://spiritenna.com/2019/01/28/foreign-nationals/