What is an Irrevocable Trust?

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future.

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One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in

3 min read

Georgia launches Medicaid expansion in closely watched test of work requirements

ATLANTA — Georgia is offering a new bargain to some adults without health insurance beginning Saturday: Go to work or school and the state will cover you.

But advocates decide the plan, which will insure far fewer people than a full expansion of the state-federal Medicaid program, as needlessly restrictive and expensive.

The program is likely to be closely watched as Republicans in Congress push to let states require work from some current Medicaid enrollees. Georgia would be the only state that requires Medicaid recipients to meet a work requirement.

Democratic President Joe Biden’s administration is unlikely to approve work

7 min read

Don’t forget to pack travel health insurance

Minneapolis, MN, June 21, 2023 (GLOBE NEWSWIRE) — You remembered your toothbrush and other summer travel essentials, but what about travel health insurance? Policy analysts for medicareresources.org and healthinsurance.org are reminding consumers to know the limits of their health coverage in case of an illness or accident while traveling.

“Of all the things you want to take with you and make sure you bring back, good health and financial security top the list,” said Jenny Chumbley Hogue, an analyst for medicareresources.org. “Taking the time to make sure you’re covered can help you avoid large medical bills if you experience a

4 min read

Congress acts to stop the flood of forms mailed to millions

Rep.  Jimmy Panetta, D-Paso Robles, in a 2021 file photo.  He is sponsoring the Paperwork Reduction Act, intended to stop unnecessary federal health insurance mailings to millions of people.

Rep. Jimmy Panetta, D-Paso Robles, in a 2021 file photo. He is sponsoring the Paperwork Reduction Act, intended to stop unnecessary federal health insurance mailings to millions of people.

Tired of getting some form in the mail from Washington about health insurance and wonder what it is?

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The “Paperwork Burden Reduction Act” is aimed at stopping unnecessary mailings, which now go to an estimated 154 million people.

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The measure, passed easily by the House, would make the health care form available only to those who request it. The Senate will now consider the legislation.

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Not only

3 min read

Savvy Senior: Health insurance options after a spouse retires | News, Sports, Jobs



How Do I Update My Compliance Risk Assessment?

Compliance Risk Assessments are critically important in healthcare practices. When used correctly, they can save entities from fines, problems and consequences.

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While almost everyone is familiar with a HIPAA Risk Assessment, many practices have not completed a full Compliance Risk Assessment.

A Compliance Risk Assessment is a process for healthcare entities to determine what risks exist, evaluate potential risks and focus resources to address the most significant risks.

Compliance Risk

2 min read

It’s Not Just You: Many People Confront Health Insurance Obstacles on Care and Bills

A majority of Americans with health insurance said they had encountered obstacles to coverage, including denied medical care, higher bills and a dearth of doctors in their plans, according to a new survey from KFF, a nonprofit health research group. As a result, some people are delayed or skipped treatment.

Those who were most likely to need medical care — people who described themselves as in fair or poor health — reported more trouble; three-fourths of those receiving mental health treatment experienced problems.

“The consequences of care are delayed and missed altogether because of the sheer complexity of the

3 min read

Digital health solutions are transforming the insurance landscape

Embracing health tech

Travel insurance companies are embracing the adoption of digital health technologies to improve speed, functionality and the ease of use for their customers with wearable devices.

“In terms of customer service, we’re using digital tools to speed up the process for the customer to make a travel insurance purchase, and we also offer an online ‘First notice of loss’ (FNOL) tool that allows customers to go in and enter their claims information,” said James Page, Chief Administration Officer and Head of Assistance and Claims at AIG Travel. “Collection of information from the customer, as well as the

10 min read