With the cost of healthcare and insurance increasing, Medical Tourism is becoming an interesting option for many individuals seeking medical procedures. Medical Tourism is a way of getting care provided by a healthcare practitioner in another country, some times with a vacation or tourism activities included.
Steve Forbes made a statement in 2007, that Medical Tourism is expected be a $30 Billion dollar industry by the year 2010.
In this issue of the Moneywise podcast, Rajesh (R. J.) Jyotishi and Jennifer Stucky discuss the pro's and con's of medical tourism and what you should look out for when considering this option.
Many of the conditions that once would have killed people are leaving them disabled instead. Like high blood pressure, diabetes, heart disease, etc.
Percentage of people who can expect to suffer a disability lasting at least 90 days before reaching age 65.
If a disability of 90 days or more lasts two years, it will probably continue longer, even for life:
Social Security Facts
Definition: Inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which has lasted or could be expected to last for a continuous period of 12 months or result in death. Impairment must be so severe that individual is unable to engage in substantial gainful work that exists in the immediate area in which applicant lives; a specific job vacancy exists; applicant would be hired. Average benefits: $570/mo.
If Your Three Most Valuable Assets Were Worth:
$20,000
$200,000
$2,000,000
Which Would You Insure?
Do you have your car insured?
Do you have your home insured?
Doesn’t it make sense to have your income insured?
Short term vs Long Term Disability Insurance
Group vs Individual DI policies.
Do you really need benefits payable to age 65?
How much benefit can you qualify for?
What about doctors and professionals who need large amounts of coverage?
Podcast No. 5 Group vs. Individual Health Benefits in GA
One question we get asked very often from small business owners is, which type of health plan is better for me in GA? An individual health insurance plan or a group health plan? The answers may surprise you!
In this issue of Moneywise Jennifer Stucky and Rajesh (R. J.) Jyotishi discuss the pros and cons of each arrangements. Some of the questions addressed in this podcast are:
Podcast No. 4 - A Comprehensive Look at FATCA (The Foreign Accounts Tax Compliance Act)
Do you own an account located in a foreign country, individually or as a joint owner?
Do you own, co-own or help manage stock portfolios or other financial accounts located with financial institutions outside of the United States?
Do you own an interest in a non-U.S. entity?
If you answered yes to any of these questions, you most likely will be affected by new legislation regarding offshore asset reporting that goes into effect for most taxpayers beginning January 1, 2011. Have you previously declared such foreign accounts on your U.S. tax returns? If not, you may be affected by increased IRS enforcement actions against U.S. taxpayers with undeclared offshore accounts and assets.
In this issue of the Moneywise podcast, Rajesh (R. J.) Jyotishi of Shalin Financial and Jennifer Stucky with the A. I. Group discuss the new FATCA (The Foreign Accounts Tax Compliance Act) legislation with special guest Attorney Rahul Randive with Ranadive Law Firm and how the new FATCA legislation will affect U. S. immigrants and citizens who have savings and investment accounts outside of the United States.
Some of the questions addressed in this podcast are:
What is FATCA?
Who has to worry about it, to whom does it apply?
What are the main provisions that would apply to our listeners?
What happens if a taxpayer still continues to ignore reporting rules for offshore accounts?
How can the IRS track accounts in other countries?
How will these reporting requirements affect people with large estates who may be subject to estate taxes?
Can these new rules be avoided through careful planning and/or reorganizing existing holdings?
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Podcast No. 3 Choosing the Right Type of Life Insurance Policy
Life Insurance can be confusing. Not only are there many types of life insurance, there are also many options on how you can insure yourself. On this week's episode of "Choosing the Right Type of Life Insurance", Rajesh (R. J.) Jyotishi and Jennifer Stucky discuss the process of choosing the right type of Life Insurance. In this question and answer format, we get at the details of finding the best options.
Some of the questions addressed in this podcast are:
1. Should you get get your life insurance from work or get your personal policy?
2. Which type of life insurance is better for you? Term Life or a Cash Value Policy?
3. Are Return of Premium Term Life Insurance Really a good option?
Rajesh
