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We hope that you will find this Monthly Newsletter to be informative and useful. Please bear with us as we develop and improve this newsletter each month. We encourage you to visit our new web site at silerinsurance.com. It is up and running but not completed. Check back often, and we encourage your feedback on how we can improve it.
Ken has been trying his hand at cooking for the past couple of years. Each month we will include a new recipe that has been tried and tested and received the stamp of approval of family and friends. If you have a recipe you would like to share please email it to silerins@aol.com .
Ingredients:
8 oz hamburger
8 oz bacon, crisp, and broken into small bits
1 small yellow onion, chopped
1 16 oz can kidney beans, undrained
1 16 oz can baby lima beans, drained
1 16 oz can pork and beans, undrained
1/3 cup sugar
1/3 cup brown sugar
¼ cup catsup
¼ cup barbecue sauce
2 tablespoon prepared mustard, may substitute dry mustard
2 tablespoons molasses
2 teaspoons chili powder
1 teaspoon salt
¼ teaspoon pepper
To Prepare:
Brown bacon in large skillet, set aside. Brown hamburger and onions in bacon drippings, stirring frequently; drain. Stir in rest of ingredients. Mix well. Spoon into baking pan.
Bake, uncovered, at 350 degree for 1 hour.
Both Anthem Blue Cross and Kaiser Permanente will be taking a rate increase January 1, 2007 on all individual health policies. It has been a tradition with both companies that they take only one rate increase a year. But that is not necessarily true. They can increase rates at any time during the year. Kaiser increased the rates on their $20 copay plan last July 1 st . They also removed that plan from their new business list. Those policies inforce will remain in force but no new plans will be sold
Anthem Blue Cross has introduced a new set of group plans that provide "hospital benefits only". Low cost and should be considered as catastrophic plans only.
The following data is from Aetna Health:
• 45 Million American do not have health insurance
• 60% of the uninsured have full time jobs
• 3.5 Million of the 45 million have an annual income of over $75,000
• 15% work part time
• 14% are retirees
• 18% are between the ages of 18 to 24
• 10% are college students or recent graduates
• Employee sponsored health insurance coverage has decreased from 60% in 2005 down from 68% in the year 2000.
If you are approaching the age of 70 ½, you need to know about important rules concerning taking minimum distributions (RMDs) from your retirement accounts. If you don't follow these rules, you could incur a 50% penalty.
Generally, you have until April 1 of the year after you turn age 70 ½ to take your first required distribution. All other required distributions must be taken by December 31 st of each year.
The Rules Apply To Distributions From:
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All traditions IRSs, SEP-IRAs, and SIMPLE-IRSs
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All qualified plans [e.g., profit sharing, money purchase,, 401(k), Defined Benefit]
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Certain other tax-deferred retirement accounts [e.g., 403(b) and 457 plans]
Visit our new web site at www.silerinsurance.com . It is up and running and we are working on the last pages now. Please give us your feedback, good or bad, as to the effectiveness of the site.
Thanks,
Ken
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