Are These Big Car Insurance Company Myths Costing You Money?
In the US, almost every drive must have some type of car insurance. With so many of us, you would think that the way auto policies work would be common knowledge. But most of us leave the details to our agents, and so a lot of big car insurance company myths are being passed around as common knowledge. Maybe this list will inform or entertain you!
New Cars are More Likely to Get Stolen: This is not actually true for a couple of reasons. Older cars, without the latest anti-theft devices, may actually be much easier to steal. Theives can also find an active stolen parts market, and these parts are usually requested to the older cars we need to keep running.
Minimum Required Insurance Covers Everything: Actually US states only require liability insurance. This insurance actually pays the other guy in case you are at fault in an accident. You need collision and comprehensive coverage to losses to your car.
We used to be advised to drop other coverage on older cars. But you may not save that much money, and you have to think about how you [...]
Plan for Retirement Dental and Vision Care
The US Medicare health insurance system provides basic health benefits for most American seniors, and also for disabled people. While this health insurance helps seniors afford health care, it provides few benefits for vision and dental care. Some seniors may have dental benefits through a Medicare Advantage plan, while others could be covered through job retirement benefits. But many have no coverage. For more information, refer to: Does Medicare cover Dental and Vision?
Planning For Retiremennt Dental and Vision Costs
But of course, proper care of teeth and eyes is very important for the long term health and happiness of older people. If you have been to a dentist or eye doctor lately, you also know that it can get expensive.
Dental Insurance – I have seen some plans that are even specifically marketed to seniors. In return for a premium, people can buy private dental insurance. Keep in mind that not everything may be covered, and there will still be out of pocket expenses like copays and deductibles. In addition, many dental insurance policies specify a yearly maxium that they will pay out. Before purchasing a plan, make sure you understand how it works.
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