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The Obama Administration has finally bowed to the inevitable and acknowledged that it cant figure out any way to implement its fatally-flawed government program for voluntary, long-term care insurance. Budget Committee Chairman Kent Conrad (D-ND) had labeled the so-called CLASS Act (Community Living Assistance Services and Support), “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of,” when it was first drafted two years ago as part of health reform. Bu

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Many people have been in shock this year when their annual car insurance renewal document lands on the doormat. Premiums have risen by as much as a third this year if reports by some major UK car insurers are to be believed. This has even led to former Home and Foreign Secretary Blackburn MP Jack Straw to write to the Times today calling for a reform to the motor insurance industry.

So what has gone so wrong?

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A lot of confusion surrounds Medicare during open enrollment. But don’t be confused by these five Medicare myths.

1. You have to re-enroll for your current Medicare coverage if you want to keep the same plan. You don’t need to do anything if you want to keep your current coverage for 2012 – you are automatically enrolled for the plan. If your current Medicare Part D plan is no longer available and you don’t pick a new plan, you will automatically be switched to a new plan with the same health insurance company.

2. I can a

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We have hundreds of thousands of military families that have their future at risk even as our government tries to disengage from one war and figure out an exit strategy from another.

The government offers active duty military what is called SGLI, Service members Group Life Insurance. The maximum that can be taken out is $400,000 and its cost is about $26 a month. $400,000 or even lower amounts might be appropriate for someone who is single, but for those who are married and especially those who have children, $400,000, the SGLI maximum, is pretty inadequate. A family with children in their 20s or 30s should really be looking at 20 times, if not more, of their annual income.

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