The Supreme Court helps Hot Flash Mamas

The Supreme Court’s decision on Obama’s Health Care Law (actually called the Affordable Care Act) is a win for women and families. So smile a very sweet smile and read what this means for you. This is a quick summary, designed for Hot Flash Financial Mamas (or women “of a certain age and distinction”).

If you have a parent who is elderly, you will be pleased to know that s/he will be able to buy a lot more of her/his prescription drugs at affordable prices. The Affordable Care Act (also called Obamacare) closed the “donut hole” for people with Medicare Part D. That hole was created (during the Bush Administration) once elderly people, like your mother, bought more than $2,930 of medicines prescribed for her. So, after your mother’s retail  prescription costs hit $2,931, she “fell into that hole.”  Her next prescription refill cost her much more money. She was not shielded by Medicare’s discount or recommended price. That increase in costs was really hard for elderly people whose income is “fixed” and often limited.

Today, Obama’s Affordable Care Act will continue to close that “donut hole” thanks to the Supreme Court decision. Your mother, and father too,  will  be able to pay less for their prescription drugs, so important as they age.

Wow, that is a great load off your mind.

If you  have adult children who are unable to find a job in the Great Recession, the Obama Affordable Care Act allows them  stay on your health insurance until their 26th birthday.

What a relief for moms (and dads too) to know your young adult children are covered by medical insurance until they find a job that provides medical benefits, or age 26.

And for you, and anyone you help care for, insurance companies can not kick you or your family member off of their coverage because

  1. You or a family member has  reached a lifetime dollar limit, or
  2. You or a child or any other family member has a pre-existing condition. (There is some small print in this part of the bill, a function of negotiation with insurance companies, that delays some of this benefit until 2014. But let’s use this summary to make some of the key points.)
  3. If you pay all your health insurance bills and become sick and disabled, you and your family member can not be denied coverage

More preventive care is covered at no additional costs to women. This includes mammograms.

So let’s celebrate the Supreme Court’s decision to uphold a law that must have been written for mothers and daughters, to ease their minds about the health of their family.

Has someone stolen your identity?

If someone steals your identity, he can get your tax refund and have it mailed to his house. Really. He can get into your bank accounts and siphon out money. He can use your credit card account numbers and run up a big bill. He can mess with your credit score. And his  stealing, putting your name on bill and then a collection agency’s call list, can keep you from getting more credit or even a job.

(Now for the giggle part of the Hot Financial take on this issue.

No, identity thieves never steal your wrinkles, gray hair, love handles, nor muffin tops. Nope. They want your money. And if they masquerade as you, using your account numbers, they can get some moolah. Why mug you in a dark alley? It is so much less fuss and bother for an identity thief to just input your information into a computer, pretend he is you, and take money out of your accounts.

These identity theft efforts are even harder to catch than those old emails from   so-called “Nigerian princes.”)

Note to readers: this indented section  is designed to encourage you to LOL. So note the little smiley face here   🙂

Identity theft is serious. It could really put a crimp in your financial security and your future. So click on this government site  FTC Identity Theft  (you can trust it) to get some important and free copies.

There are 3 brochures on the basics :

  1. One on the basics called “What to do know and what to do.”
  2. One to help you protect your children.
  3. And the last one is for you, if you suspect their is a problem or you are “in crisis” it is called “What to do if your identity is, in fact, stolen.”

 

Take action. This is important. Hot Flash Financial Important!!

 

OH AND COMMENT BELOW.

DID YOU WRESTLE WITH AN IDENTITY THIEF? WHAT HAPPENED?

DO  YOU SUSPECT YOU MAY BE VULNERABLE TO IDENTITY THEFT? TAKE ACTION.

 

(TO PROTECT YOURSELF–DO NOT TELL US YOUR SOCIAL SECURITY NUMBER, OR ANY ACCOUNT NUMBERS WHEN YOU RESPOND.)

Want to win $50,000?

Get into the running for the Grand Prize of the Retirement Trivia Game!

Yes, you can win, but only if you take that important step, and start to learn about your finances and your future. Yup! You have to learn about things like social security, and creating a retirement budget. That means you  just have to find out about things that you will need to know in your future. Not a bad use of your time.

Trivia? Well it is the stuff you will be talking  about on the phone with your girlfriend, or other close person, when you reach a “certain age.” In this game, you will probably have to know precisely, what that age is for, let’s say, registering for MediCare.

How can you do this? It is free. Just take some time to learn more about retirement, on the AARP website. They have a lot of good resources that help you with retirement planning. These resources complement the Hot Flash Financial site pretty well. (So you won’t have to start from scratch.)

So what are you waiting for?

  • Click on this Link to enter the Retirement Trivia Game.
  • Read the information available, and push the red GET STARTED button.

Than win that $50,000 and add it to your Hot Flash Stash of Retirement Cash.  Brag about it on our Hot Flash Financial site (use the comments below).