Detroit woman hopes to break cycle of living paycheck to paycheck, looks toward next chapter
Local 4โฒs money expert Rod Meloni sat down with LaTonya Edwards, a 53-year-old single working mother of three young men hear more about her financial situation, and to see if any improvements could be made.
3 kinds of flood insurance and what they donโt cover
Flooded streets. Storage bins floating in a waterlogged basement. Piles of moldy belongings lining the curb. These sights are only becoming more common when Spring weather hits Michigan each year. And what follows usually involves frustrating phone calls with insurance companies and budget-breaking bills.
Hereโs how you can ensure you have adequate health coverage, and ways you can save money
Dr. Alan Smith from WellCare talked with Jason Carr to help explain Medicare, Medicare Advantage, and what people can get covered. Medicare is the baseline federal health insurance program available for seniors and those with certain disabilities. Medicare Advantage includes Medicare Part A, B and D, plus additional benefits. Plans through Medicare Advantage can lessen out-of-pocket expenses, and can include benefits for hearing, dental and vision, depending on a plan. โWe want to make sure every senior has adequate coverage, especially during the pandemic,โ Smith said.
Pet insurance: Hereโs what you need to know
Pet insurance policies can range from $200 to $800 depending on the deductible, age, and breed of pet. Unlike human health insurance, pet health insurance typically only covers accidents, illnesses, and other unusual health events. You can buy health insurance for your pet at any age, but just like human health insurance, itโs going to be less expensive the younger the animal. An alternative to pet insurance could be to set up a dedicated savings account for pet health care costs. To review and compare some pet insurance policies, click here.
Why its important to take a close look at your insurance during the COVID-19 pandemic
DETROIT If youre still working from home, that means youre driving less and that could mean big savings when it comes to your insurance. Experts say people should take a closer look at their insurance coverage during the coronavirus (COVID-19) pandemic. READ: How Michigan auto insurance savings could prove costly if youre seriously hurt in a crashIf you now work remotely full time, you might have a second family car sitting idle in the garage while you pay insurance on it. Maybe you still need to drive, but are driving much less than you used to. Insurify Insurance Expert Kacie Saxer-Taulbee said the worst thing you can do is cancel your car insurance.
How Michigan auto insurance savings could prove costly if youโre seriously hurt in a crash
DETROIT โ Drivers in Michigan are facing a difficult choice when it comes to auto insurance. New monthly savings options might look attractive, but reduced rates could come with a hefty price for anyone seriously hurt in a crash. Michiganโs unlimited no-fault insurance has previously provided automobile accident victims with lifetime unlimited care for traumatic brain and spinal cord injuries. That coverage is no longer required, but crash victims said it can be priceless on the road to recovery. โYou have patients that come in requiring total assistance with simple tasks, like bathing, grooming, dressing, brushing their teeth,โ Zein said.
Michigan launches website to make sure drivers are prepared for auto insurance changes
DETROIT โ Changes to auto insurance premiums in Michigan are coming on July 1. Drivers will now have a choice when it comes to coverage level and the Michigan Department of Insurance and Financial Services has launched a website to help consumers navigate the process. The website shows the various coverage levels, the paperwork and documentation required as well as the questions to ask your agent. In addition the state is contracting with six actuarial firms to ensure the numbers coming from the insurance companies are accurate. โSo that if they have lower costs and this new law as we anticipate they will also have to pass these on to people who are buying the insurance policies.โThey also have a hotline: 833-275-3437Click here to learn more about Michiganโs new auto insurance law.