One of the survey’s biggest findings is that 61% of those 50 and up are worried they won’t have enough money for retirement.
An AARP survey found many adults worry about retirement. The findings demonstrate the importance of planning and saving for retirement early.
Due to numerous irregularities detected by the National Superintendence of Insurance and, after several millionaire sanctions from the state agency, the intervening court ruled the "dissolution of the company and its liquidation by the controlling authority" of Escudo Seguros, leading to the liquidation of its assets. The resolution, issued by the judge of…
Apr. 11— ALBANY— New York requires employers to offer health insurance to their workers that includes coverage for abortion services, but the state's top court will soon decide if that regulation should be thrown out. It's a matter that could set a precedent on where the line exists between the power of government and the freedom of religion, said Gabriella Larios,…
Amina Tollin receives infusions through a port in her chest to reduce the debilitating symptoms of her chronic nerve condition. Three months ago, Medicaid stopped paying for the therapy as a result of an increasingly common process among private and public insurers known as prior authorization. States are taking action to curb it, but enforcement will be a challenge. (Courtesy…
LOS ANGELES- Recent data from the Federal Reserve reveals that by the end of the fourth quarter of 2023, the wealth amassed by America's wealthiest 1% reached an unprecedented milestone of $44.6 trillion. The collective net worth of this select cohort, delineated by the Fed as individuals holding assets surpassing $11 million, surged by $2 trillion during the…
According to the IRS, of the 1.4 million taxpayers who had their tax returns withheld, 42.3% were due to deductions made for medical expenses. "The IRS goes after this because health spending is deductible from the tax base and this difference reduces the tax to be paid," explains Dilma Rodrigues, a partner at Attend Contabilidade. Maurício Tadeu de Luca…
Only about one in eight adults know when they'll be eligible for full retirement benefits through Social Security, according to the Nationwide Retirement Institute 2023 Social Security Survey. And compared to 2014, fewer people age 50 and up now know whether they may be eligible for Social Security benefits based on an ex-spouse's record or if Social…
The Fed has kept interest rates high to help slow the economy and lower inflation. But that hope is more uncertain now, with federal reserve chair Jerome Powell saying in a speech last Wednesday at Stanford University that the Fed "face risks on both sides." If the economy evolves broadly, as we expect, most FOMC participants see it as likely to be appropriate to begin…
Mark Roy Anderson, 69, pleaded guilty to two counts of wire fraud, the U.S. Attorney's Office said. In the first scheme he pleaded guilty to Friday, Anderson tricked investors in 2020 and 2021 into providing funding for his company, called Harvest Farm Group, to harvest and process hemp grown on his farm into medical-grade cannabidiol isolate— a chemical found in…
Like other private insurers, Blue Cross Blue Shield administers Medicare Advantage plans on behalf of the federal government and was covering the drug for those beneficiaries. “Our internal team is currently working with local specialists who offer this treatment to adapt Medicare coverage criteria for commercial patients, " Amy McHugh, a spokesperson for…
Lab staff prepare small petri dishes, each holding several 1- to 7-day-old embryos, so cells can be tested for viability at the Aspire Houston Fertility Institute in vitro fertilization lab in Houston. Only a handful of states require insurers to cover fertility treatments for same-sex couples, but more are considering it. (Michael Wyke | The Associated Press)Elizabeth Bauer was…
No one would have guessed that in retirement, Judi and David Koncak would be nearly out of money and unable to leave their kids much more than a pittance. "I thought we'd spend our golden years sitting on a beach in Hawaii with Mai Tais, even if in wheelchairs," said Judi Koncak, 83.. Now she's back at work part time earning about $15 an hour, selling items on Marketplace "for…
Regina Hill faces up to 180 years in prison on seven felony charges of exploiting the elderly and fraud, the FDLE says.
The collapse of Batimore’ s Francis Scott Key Bridge could cost as much as $4 billion in claims— the largest marine insurance payout in history, analysts said. Morningstar DBRS analysts estimated that the insured losses caused by the Dali cargo ship crash that has also shut down the bustling Port of Baltimore could total between $2 billion and $4 billion.
With more California homeowners just discovering their insurance policies are getting canceled— and hundreds of thousands of others stuck with a pricey option of last resort— state Insurance Commissioner Ricardo Lara's efforts to fix the home insurance market can't come quickly enough. State law gives the Insurance Department the power to approve or deny…
The deadline for seniors to modify their Medicare Advantage plans is set for March 31, with the next opportunity not available until fall. As these plans have private control and a bundled structure, over half of the elderly population relies on them. Seniors are advised to review and make changes to their plans early. These include switching to another Advantage plan or reverting…
The disgraced cryptocurrency executive Sam Bankman-Fried is set to receive his prison sentence on Thursday. A federal jury in New York convicted Bankman-Fried of fraud late last year for stealing at least $10 billion from customers and investors. Bankman-Fried, also known as SBF, joins a long list of financial fraudsters in America people, perhaps most…
A group of politically connected lawyers formed a venture to go after insurers and made millions from one of the largest Medicaid settlements in history. Above, Centene Corporation headquarters in Clayton, Missouri. (Jeff Roberson/Associated Press) .singleRepublisherRow {display:none;} Shalina Chatlani examined the health care system in Mississippi as a part of The New York…
