RSS Feed

‘Dollars And Sense’ Category

  1. Questions and Answers About Cash Values

    0

    July 15, 2011 by wcobserver

    In a previous column, I wrote about the decision of whether to buy Term Life or Cash-Value (Whole Life). But there’s never enough space to bore you with all the details. Here’s some Q & A’s about life insurance.

    Read More...

  2. Rationing of Health Care?

    0

    June 30, 2011 by wcobserver

    Having been a child during WWII, I still have memories of rationing. Money alone would not buy such things as shoes, sugar, gasoline, or tires for your car. You also had to have your ration stamps from the government.

    Read More...

  3. You Bet Your Life!

    0

    June 18, 2011 by wcobserver

    “Take out a life insurance policy, and you’re just gambling with the Insurance Company,” goes a cynical line of reasoning. “The company is just collecting your premium and gambling you’ll live a long time; and you, on the other hand, are betting you won’t … Who wants to bet like that?”

    Read More...

  4. About That Donut Hole

    1

    February 12, 2011 by wcobserver

    The Medicare Prescription Drug program (Medicare Part D) has now been on the road for 5 years and, in the view of some, needs fixing.  Since some folks in government are really good at “fixin’ what’s not broke,” the new Health Care Reform undertakes to deal with the most controversial part of it; namely, the notorious “doughnut hole.” Most of you senior citizens know what I’m talking about, especially if you have been blessed with a Part D Rx card.   And I definitely consider the Part D benefit as a blessing.   I could show you people in West Fork who couldn’t afford their prescriptions before the program.  Now they can.  However, the design is somewhat confusing (to put it mildly).   It looks like a Zebra designed by a committee. The original idea was for a catastrophic plan with high deductible so that people spending more than, say $300 monthly would get some help with the high cost of their medicines.  But some in Congress thought that unfair.  In their view, the program should have a more immediate benefit for a larger number of people.  Think of that as “sugar-coating” the pill.   So, a low threshold benefit …

    Read More...

  5. Okay, Who’s Guilty?

    1

    October 24, 2010 by wcobserver

    By Milton Jones “Why does health insurance have to cost so much?” the customer wails, and “why doesn’t it cover more things?”  Being the smart aleck that I am, I sometimes smile and reply “well no policy is perfect… what we would all like is one that would cover everything and only cost $20 monthly.   I’m still looking for a company that sells these perfect policies, and when I find it here’s the deal….I get the first one and you can have the second.” Well, while we’re dreaming why not free instead of costing $20?  I suppose the answer is you need to pay something to keep from feeling guilty.   Nobody wants to feel guilty, but who’s to blame for the (way) high cost of health insurance?   “Not me! …not me!”  my kids used to say.  “Well don’t look at us” the insurance companies say. The truth is we’re all guilty, except maybe you and me (and I’m not so sure about you either).  Expectations are too high with health care and health insurance.   And we look the other way while a little cheating is going on.   It’s like driving over the speed limit…most everybody …

    Read More...