The Centers for Medicare and Medicaid Services (CMS) announced Friday that it will now cover diagnostic laboratory tests using gene sequencing technology for Medicare cancer patients. This means that patients with advanced cancer will soon have access to more personalized treatment plans.
We have all experienced it: that frantic moment when a thought crosses our mind about what would happen to our family if something were to happen with us.
We have all had these thoughts at some point or another. How would they pay the daily bills?
How quickly would your savings be wiped out due to a health emergency?
What about funeral expenses?
Are you prepared?
An active shooter situation, a scenario that is quickly becoming our worst nightmare. With two active shooting events happening on the same day just this week it is raising awareness that incidents like this are becoming more commonplace. There has been little to no warning before many of these events have occurred, and a majority of victims are just simply in the wrong place at the wrong time.
From the time our children or grandchildren are born, we only want the best for them. When we give ourselves time to daydream about their futures, what does that look like beyond first words and steps? Beyond the first day of school and then graduation? College? Often times while we are thinking about their future, we aren’t necessarily thinking about how we could be investing in their financial future. I can tell you from personal experience that we always think we will have time to plan for these big events, but they seem to happen in the blink of an eye.
Most people would rather talk about anything other than funerals, but these costs can burden most middle-class families. However, you and your family can plan ahead and one way to do this is to find an affordable final expense insurance policy. Additionally, many seniors are relieved and happy to find a solution for their funeral and burial needs.
When was the last time you reviewed your insurance policy? If you have not done so recently then it would be beneficial to you to add that to the top of your “to do” list. You may have experienced some major life events since the policy was issued that you need to account for and your policy should be adjusted accordingly. Even if you haven’t had any major life changes your financial goals may have shifted. Failing to examine your old policy over time could mean that your family will not have enough money to pay the mortgage or the bills in the event of your death.
Death is not a popular subject. We don’t ever want to think of our own mortality, or that of our loved ones, but the hard truth is that it is something we will all face eventually. While this topic is an uncomfortable one, it is something we should all tackle sooner rather than later. After a death, loved ones left behind are not typically in the frame of mind to want to make monetary decisions. Careful planning beforehand could help ease the the pain in the aftermath of loss.