Insurance/Risk Management – Putnam Wealth Management

Fall open enrollment offers opportunity to change Medicare plans

Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.

Given the economic downtown , it’s even more important for investors consider a plan to make sure assets are protected.

Among the many provisions of the CARES Act are modifications of the rules involving retirement accounts to help both retirement savers and retirees.

The CARES Act has multiple provisions to help small businesses and employees weather the economic downturn.

The Centers for Medicare and Medicaid Services (CMS) has published changes to 2020 premiums and deductibles.

A captive insurance program can help a business manage risk by establishing its own insurance company to address certain known risks.

Open enrollment provides an opportunity to talk about health-care cost planning with investors as they consider Medicare options.

Parents of college-bound children may want to consider preparing certain legal documents before their child leaves for school.

Investors may overlook a serious risk to their net worth — creditor risk — and as a result not carry excess coverage such as umbrella insurance.

Parents may also want to prepare some documents such as a health-care proxy before their child leaves for college in case of an emergency or illness.