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Savvy Senior: Is long-term care insurance worth it?

October 8, 2025

My husband and I have been thinking about getting a long-term care insurance policy, but we hate the idea of paying expensive monthly premiums for a policy we may never use. National median average costs for nursing home care today is over $100,000 a year, according to the Genworth Cost of Care survey. Assisted living facilities and home care aides average more…

OCTOBER 07, 2025 WELCOME REMARKS

October 8, 2025

The following information was released by the Federal Reserve Board:. We share this goal, and the sponsorship of this event with the Conference of State Bank Supervisors and the Federal Deposit Insurance Corporation. We are proud of this ongoing partnership with CSBS and FDIC and the effort to further actionable bank industry research.

On disability benefits becoming regular social security

October 8, 2025

I'm currently receiving Social Security disability benefits, and I will be turning 65 in February 2026. I'm confused as to how Social Security disability transitions to regular Social Security and when. Dear Disabled Senior: If you are collecting Social Security Disability Insurance benefits, those SSDI benefits will automatically convert to become your…

Insurers struggle with GLP-1 costs; some weaning patients

October 8, 2025

After losing 50 pounds on the injectable weight loss medication Zepbound, Kyra Wensley received a surprising letter from her pharmacy benefit manager in April. The 25- year-old who lives in New York had been taking Zepbound without incident for months, so she was confused: Why was her BMI, which had been around 32 when she started, becoming an issue only now?

Costco to sell Ozempic and Wegovy, weight-loss wonder drugs

October 8, 2025

The company, Novo Nordisk, said Friday that prescription-only injectable pens for both drugs will be sold at more than 500 Costco pharmacies in the United States. Executive members and people with Costco Citibank credit cards will also get a cash back reward as part of the chain's prescription program. Costco' s executive members and Costco Citibank Visa…

AM Best Revises Outlooks to Positive for Research Insurance Company Limited

October 8, 2025

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Research Insurance Company Limited. RICL is a captive insurance company wholly owned by Battelle Memorial Institute, an Ohio- based nonprofit corporation and provider of technology-based research,…

Axonic Insurance Adds iPipeline’s AFFIRM® to Automate Annuity Sales Lifecycle, Introducing a New Proprietary Product for IMO Market in Conjunction with LIBRA

October 8, 2025

As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…

Bill proposing to drop age for colorectal cancer screenings clears Pa. House panel

October 8, 2025

HARRISBURG— The age for colorectal cancer screenings to be covered by health insurers would shrink by five years under legislation that drew unanimous support Tuesday in the Pennsylvania House. The House Insurance Committee voted unanimously to advance House Bill 1123 closer to a floor vote. It's based on revisions to the American Cancer Society's…

Highmark dropping popular Medicare Advantage health plan

October 8, 2025

A large Delaware health insurer is dropping a Medicare Advantage plan tied to ChristianaCare. Highmark Delaware sent a letter to members this week, announcing the change and advising them to choose an alternative plan to Freedom Blue for 2026. "For example, Highmark will continue to offer $0 PCP visits and access to $0 labs to prioritize preventative care.

Oklahoma Insurance Commissioner warns of changes to health insurance, higher premiums

October 8, 2025

OKLAHOMA CITY— Oklahomans are expected to be impacted when making health insurance decisions for 2026 because of rising healthcare costs and recent policy decisions at the federal level. The Health Insurance Marketplace is undergoing changes that will go into effect next plan year on January 1, 2026. What I've been pushing for, though, is let's do a glide path, "…

How can I afford to pay my rising property taxes, home insurance?

October 8, 2025

Q: I’ m 65 andmy property taxes and insurance keep going up. Howcan I afford my house in five years? InAugust, the FederalHousingHouse Price Index measured a 2.9% increase in U.S. home values on a year-over-year basis.

How the government shutdown is affecting NC flood insurance

October 8, 2025

RALEIGH, N.C.– While we still have more than a month left in hurricane season, October historically is the third busiest month for the storms. North Carolina Insurance Commissioner Mike Causey says this includes issues with starting a new policy or even renewing one. "Well, it affects the national flood insurance program more so than the overall insurance…

Advocates: Price spikes to leave thousands without health insurance in Ky.

October 8, 2025

While some Kentucky Republicans in Congress accuse Democrats of shutting down the government to get "free health care for illegal aliens," advocates are warning that thousands of U.S. citizens in Kentucky will no longer be able to afford health insurance next year. Democrats in D.C. are pushing Republicans to take action now to ease premium spikes that stem in…

PERSPECTIVES ON THE ECONOMY: A CONVERSATION WITH THE BOSTON FED PRESIDENT

October 8, 2025

October 14, 2025 3:30 pm 5:30 pm Hybrid| Federal Reserve Bank of Boston. Join us for a hybrid special event featuring the Federal Reserve Bank of Boston President, Susan M. Collins. Join us for an exclusive event featuring Susan M. Collins, President and CEO of the Federal Reserve Bank of Boston, as she shares perspectives on the economy and the central bank's work…

AM Best’s Europe Insurance Market Briefing to Focus on Reinsurance Trends, Climate Issues, ‘New World’ Challenges

October 8, 2025

Jérôme Jean Haegeli, Swiss Re’ s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled,“ Economic and Geopolitical Outlook.”. The programme also will focus on climate challenges and opportunities for the insurance industry, with a panel discussion that includes Alex Hindson, partner, head of sustainability, Crowe UK;…

SLOTKIN REQUESTS LETTERS FROM MICHIGANDERS AHEAD OF PRESIDENT TRUMP'S HEALTH CARE CRISIS

October 8, 2025

The following information was released by Michigan Senator Elissa Slotkin:. U.S. Senator Elissa Slotkin is requesting Michiganders share how their health insurance rates are expected to increase as a result of the health care crisis caused by the passage of President Trump's Big Beautiful Bill. "We are already starting to hear from people, like in Macomb…

LAWMAKERS RELAUNCH BIPARTISAN FLOOD RESILIENCE CAUCUS

October 8, 2025

Lizzie Fletcher, Randy Weber, Troy Carter and Mike Ezell. "It is critical that Congress works to protect communities across the country from the devastating impacts of flooding," Fletcher said in a statement. Cleo Fields sent a letter to House Financial Services Committee leaders urging them to reauthorize the National Flood Insurance Program, which is set to…

TEXANS COULD LOSE FLOOD INSURANCE IF CONGRESS DOESN'T PASS A SPENDING DEAL. HERE'S WHAT TO KNOW

October 8, 2025

As Congress negotiates a short-term deal to keep the government funded and avoid a shutdown on Oct. 1, homeowners might not be thinking about their flood insurance. If Congress doesn't act to reauthorize the National Flood Insurance Program by Sept. 30, it will lapse, leaving thousands of Texans vulnerable during hurricane season, which goes through November.

San Diego medical providers continue telehealth appointments despite shutdown

October 7, 2025

With millions stuck in their homes during the COVID-19 pandemic, Congress authorized temporary telehealth benefits for Medicare beneficiaries in 2020, allowing medical providers to bill for online visits as if they were conducted in person, a boon that has been so popular that it has been reauthorized every year since. A wide array of organizations,…

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