‘Industry Updates’ Archives
Retirement Planning’s ‘Magic Numbers’
Fidelity Investments, the nation's largest provider of 401(k) plans has come up with a magic number to determine when your clients are saving enough. Typical wage earners, it said, should aim to save at least eight times their final annual pay to be sure they can afford basic living expenses in retirement. To come up with the formula, Fidelity [...]
EquiTrust Partners with InsurMark to Distribute Life and Annuity Products
EquiTrust Life Insurance has teamed up with InsurMark to distribute its competitive suite of annuity and life products to independent agents. InsurMark president Steve Kerns said, "EquiTrust offers one of the best portfolios on the market, and very competitive, high-reputation services, as well as competitive, incentive-driven compensation to [...]
Solving the Riddle of the Immediate Annuity
Only about 3% of insurance policies sold are immediate or income annuities. Policyholders often can’t get access to cash once they sign the annuity contract. Plus, if they die before their principal is exhausted, any money left, unless they make other arrangements, generally goes to the insurance company. Even if the immediate annuity permits [...]
Loophole in ObamaCare Causing Premiums to Rise?
While affordability was at the heart of the White House’s argument for the Affordable Healthcare Act, so far, there are few signs that health care will become more affordable as a result of the law. Indeed, it increasingly looks as if the opposite could be true — that ObamaCare may be causing higher premiums rather than preventing [...]
Healthcare Businesswomen’s Association Southern California Chapter Announces 2013 Board of Directors
The Southern California Chapter of the Healthcare Businesswomen's Association (HBA SoCal), the leading business organization for women in healthcare, announced its 2013 Board of Directors. The HBA SoCal Board includes executives from many of the leading healthcare companies in the region, as well as representatives from academic and consulting [...]
National Union of Healthcare Workers Affiliates with CA Nurses Association
In a move expected to shake up health care labor battles statewide, the powerful California Nurses Association announced Thursday that it will affiliate with the National Union of Healthcare Workers in fights with major health systems over wages, benefits and patient care issues. CNA also agreed to use its 85,000 members and considerable [...]
Retirement Planning: Reality Bites for Generation Xers
Generation Xers are struggling more than other age groups with retirement planning. Hit particularly hard by the recession, they are juggling the twin needs of saving for retirement and the immediate needs of raising a family and other major financial obligations such as paying a mortgage. The retirement planning attitudes of those between 30-44 [...]
Capps Highlights New Data Showing Health Reform Benefits to California Medicare Beneficiaries
Since the enactment of health-care reform, Medicare beneficiaries in California have saved $410.8 million thanks to the assistance the health-care law provides to beneficiaries who get caught in the Medicare prescription drug coverage gap known as the “donut hole.” In the first 10 months of 2012 alone, 235,245 individuals in California have [...]
Surcharges Will Fund Most Online Exchanges
California, which will run the country’s largest insurance market, will do so without taking a cent from the state treasury. Instead, operations of the market, also called an exchange, will be financed by a surcharge on the billions of dollars in insurance premiums sold in the exchange. That’s the same way most state and [...]
California Faces Shortage of Primary Care Doctors
There are benefits to living in California–That’s why so many people do it and a lot of people want to come to California for medical training. It can be harder to attract general practice doctors because it’s expensive to live here. And if you’re coming out of medical school with $200,000 in debt off the ground and then thinking about [...]
