April , 2013  Healthcare in Change 

Barbara headshot

Solid Health Insurance Services 

Health, Life & Trust 
Barbara G.Schmalz

Solid Health Insurance Logo

310-909-6135

  Greetings!

Part of my community outreach program is to educate my clients, friends and community about the significant changes that are taking place in the healthcare industry. I will tell you about the many different venues; prepare you for the implementation of the health state exchange, Covered CA, and explain the best way consumers can prepare for 2014.

This will all start on April 17th with a speaker note at the JNET event at Kehillat Israel. On April 19th I will have an exhibit at the Goethe International School and on April 21st there will be a booth at the annual Health & Business Expo in Brentwood on San Vicente Blvd.  You can also follow my blog, in which I recently published a series on the topic of the state health exchanges. Please come by at any of these events or email me if you want to receive a small summary postcard of the most important issue in the state health exchange.

 

In This Issue
Health Insurance Carrier News
The Rule of 72 - how long does it take to double your money?
Looking for affordable health insurance?  Find a quote by using the :   
Quick Links




Cigna

Health Insurance Carriers are still raising their premiums

Aetna and Blue Shield of California drastically raised their insurance rates in March and April, despite the protest of California's insurance commissioner, Dave Jones. However, Jones was successful in negotiations with Anthem, and was able to lower their premium increases that occurred in February. The new premiums were just published on Monday and the calculations of the difference of old versus new premium will be available shortly.  It is expected that Anthem Individual Policyholders will see the credits in their June statement.
 
Read my blog for more information   
 

The Rule of 72 - How long does it take to double your money ?

 Having lived through the last couple of years of financial turmoil,  it is important to understand some basic financial rules. With interest rates as low 0.25% or CD's of 1-3% how long will it take to double the money you invested? The easy-to- Rule of 72understand Rule of 72, demonstrates this. To find the number of years required to double your money at a given interest rate, you divide 72 by the compound return. The result is the approximate number of years that it will take your investment to double . For example, if you want to know how long it takes to double your money at an 8 % interest rate, divide 8 into 72.  It takes approx. 9 years. So if you have your money in a CD with 2 % interest, it will take approx. 36 years to double your money. Does this make sense ? Ask me to explain how universal fixed index life insurance can be a very suitable retirement vehicle.  

 

Contact me for more details about life insurance   


Do you realize that you just survived the tax season and Spring Break, and Cinco de Mayo and Mother's Day are almost around the corner 

Remember love, laughter and good times are the best medicine for you.

Barbara Schmalz                                            
  
Solid Insurance Services                                                         
310-909-6135 
  .
Referral
Fee 
 

Referrals are my life line!
A gift certificate of $ 15.00 for the company of your choice will be awarded for any referred closed insurance deal.