Wisconsin law makers will be discussing legislation (Assembly Bill 90) designed to assist small business owners to compensate for ongoing problems obtaining financing in current tight credit markets. Assembly Bill 90 facilitates financing by allowing small business to use existing State economic tax credits up front as equity in the financing package.
Assembly Bill 90 was introduced on 04/12/11 by representatives Clark, Barca, Hintz, Fields, Roys, Bewley, Staskunas and is co-sponsored by senators Lassa, Schultz, Holperin, Taylor. Assembly Bill 90 allows the department of commerce to award a grant to a business who wishes to secure financing to make expenditiures that would qualify for eligible tax credits. Businesses who receive a grant to secure financing for making an expenditure that would qualify for a tax credit, may not claim a credit for that expenditure.
The public hearing to discuss Assembly Bill 90 is scheduled at 10am on Tuesday October 4, 2011 in room 328 NW in the Wisconsin State Capitol. The Wisconsin State Capitol is located on 2 E Main Street, Madison, Wisconsin 53702. Attending business owners could provide testimony to the committee encouraging the passage of Assembly Bill 90.
Wednesday, September 28, 2011
Sunday, September 25, 2011
What Is Second To Die Insurance
Second to die insurance is a phrase heard often when estate planning involves a married couple. Second to die is a form of insurance that pays a death benefit only upon the death of the last surviving injured person. Nothing is paid until both the insured, usually a married couple, die.
When one in the married couple dies, the assets that make up the estate pass to the surviving spouse. The transfer of assets to the surviving spouse occurs without any estate tax needing to be paid.
Historically second to die insurance was marketed to families with a business and real estate to help provide some cash assets when both spouses die and the estate tax becomes due. This facilitates the transfer of a family business from one generation to the next.
As the monetary exemption on estate taxes has risen in the past few years, second to die policies have been written less often. Home Care Path www.homecarepath.com encourages seniors to consult with a financial planner prior to purchasing an insurance product.
When one in the married couple dies, the assets that make up the estate pass to the surviving spouse. The transfer of assets to the surviving spouse occurs without any estate tax needing to be paid.
Historically second to die insurance was marketed to families with a business and real estate to help provide some cash assets when both spouses die and the estate tax becomes due. This facilitates the transfer of a family business from one generation to the next.
As the monetary exemption on estate taxes has risen in the past few years, second to die policies have been written less often. Home Care Path www.homecarepath.com encourages seniors to consult with a financial planner prior to purchasing an insurance product.
Saturday, September 24, 2011
What Are Trust Properties?
Trust property is wealth producing objects managed by an organization for the benefit of the settlor. The senior (settlor) contracts with an organization who assigns the management of the property to a trustee.
Trust property comes in many differing forms. Some examples of trust property include:
1. real property this is immobile and typically land
2. personal property this is mobile
3. intangible property an example would be securities
The contract (trust) stipulates that the organization (trustee) will be entrusted with the management of the seniors (settlor) property.
The organization contracted with the settlor (senior) to manage the property , has the responsibility of making decisions that will benefit the settlor. Typically the senior will outline the goals and expectations in the contract to help the trustee produce the most favorable results.
Home Care Path http://www.homecarepath.com/ encourages seniors to consult with independent financial legal council prior to entering in to a trust contract.
Trust property comes in many differing forms. Some examples of trust property include:
1. real property this is immobile and typically land
2. personal property this is mobile
3. intangible property an example would be securities
The contract (trust) stipulates that the organization (trustee) will be entrusted with the management of the seniors (settlor) property.
The organization contracted with the settlor (senior) to manage the property , has the responsibility of making decisions that will benefit the settlor. Typically the senior will outline the goals and expectations in the contract to help the trustee produce the most favorable results.
Home Care Path http://www.homecarepath.com/ encourages seniors to consult with independent financial legal council prior to entering in to a trust contract.
Friday, September 23, 2011
Care Giving Values Being Kind Over Being Right
Care giving can often mean being kind rather than demonstrating you are right. It is the seniors life and part of that is the thoughts and perceptions being held in the mind. The care giver being right and the senior being wrong does not enhance the quality of the over all experience. Saying the care giver could help them if they would only listen is not productive.
Care giving involves ongoing balance between risk of harm verses the seniors autonomous level of independence. It can seem simpler, and much more efficient to just do everything for the senior. The care giver could impose their will, constantly offer advice, manipulate behavior to better align with your chosen values, and consistently explain your position as an expert on the seniors life. It seems more ethically responsible for a care giver to partner with the senior.
Partnering involves meeting with the senior in communication. The care giver goes past the place of right and wrong to partake in an experience of genuine discussion. Sharing ideas in an atmosphere of trust, that helps support the seniors choices throughout the day. The care giver is better able to understand the seniors sense of loss. The care giver learns ways to support the senior in participating in the things they can do for themselves.
Respecting the seniors unique ability to solve a problem. Being open minded. Listening to what the senior wants. Accompanying the senior with their daily experiences as a way to empower their strengths. It is always easier just to do it your way for the senior. It is always more beneficial to co-create and participate in the events of the day with the senior.
Care giving involves ongoing balance between risk of harm verses the seniors autonomous level of independence. It can seem simpler, and much more efficient to just do everything for the senior. The care giver could impose their will, constantly offer advice, manipulate behavior to better align with your chosen values, and consistently explain your position as an expert on the seniors life. It seems more ethically responsible for a care giver to partner with the senior.
Partnering involves meeting with the senior in communication. The care giver goes past the place of right and wrong to partake in an experience of genuine discussion. Sharing ideas in an atmosphere of trust, that helps support the seniors choices throughout the day. The care giver is better able to understand the seniors sense of loss. The care giver learns ways to support the senior in participating in the things they can do for themselves.
Respecting the seniors unique ability to solve a problem. Being open minded. Listening to what the senior wants. Accompanying the senior with their daily experiences as a way to empower their strengths. It is always easier just to do it your way for the senior. It is always more beneficial to co-create and participate in the events of the day with the senior.
Monday, September 12, 2011
When A Medical Claim Is Denied
You as the patient go to the health care provider for treatment and expect the health insurance you carry to pay their fair share of the expense. The health care provider gives you the needed treatment and submits the bill (claim) to your health insurance plan. The health insurance plan has a department called utilization review that can refuse (denial of claim) to pay the bill your health care provider submitted for the treatment you received. When you receive notification of a medical claim being denied:
1. Immediately submit the paper work of your plan to appeal the denial.
2. Call the insurance plan and ask for a comprehensive reason this claim has been denied.
3. Contact the medical provider explain you are in the appeal process, request an internal review to determine correct coding, proper ID numbers, and the medical providers submission is correct.
4. Call your insurance agent or benefits representative for help in identifying what is needed to complete the claim payment process. Does the health plan need more information. Has the claim been filed by the medical provider in the accepted time period.
5. Following the above steps can help reveal the claims process error and result in the claim being paid. If the claim is still being challenged you should follow through with the formal appeal process.
6. Write your appeal letter talking about how the treatment resides in the policy of the health care plan. Discuss symptoms leading up to treatment and the consequences or probable outcome of no treatment. Ask your medical providers to submit letters on your behalf.
7. Keep copies of all your correspondence and telephone records.
8. Attend the formal appeal process. This reinforces to the review committee you are a human being and not just the stack of papers they have been looking through.
This is a brief list written to give the reader a sense of the medical claims denial appeal process. Home Care Path www.homecarepath.com encourages seniors to consult with independent council specializing in the appeal process.
1. Immediately submit the paper work of your plan to appeal the denial.
2. Call the insurance plan and ask for a comprehensive reason this claim has been denied.
3. Contact the medical provider explain you are in the appeal process, request an internal review to determine correct coding, proper ID numbers, and the medical providers submission is correct.
4. Call your insurance agent or benefits representative for help in identifying what is needed to complete the claim payment process. Does the health plan need more information. Has the claim been filed by the medical provider in the accepted time period.
5. Following the above steps can help reveal the claims process error and result in the claim being paid. If the claim is still being challenged you should follow through with the formal appeal process.
6. Write your appeal letter talking about how the treatment resides in the policy of the health care plan. Discuss symptoms leading up to treatment and the consequences or probable outcome of no treatment. Ask your medical providers to submit letters on your behalf.
7. Keep copies of all your correspondence and telephone records.
8. Attend the formal appeal process. This reinforces to the review committee you are a human being and not just the stack of papers they have been looking through.
This is a brief list written to give the reader a sense of the medical claims denial appeal process. Home Care Path www.homecarepath.com encourages seniors to consult with independent council specializing in the appeal process.
Thursday, September 8, 2011
Bill Of Rights To Regulate Wisconsin Health Insurance Providers
On Wednesday September 7, 2011 Representative Jon Richards Milwaukee and Senator Jon Erpenbach Middleton have introduced a Wisconsin Patient's Bill Of Rights. This bill preserves legislation being challenged at the federal level for residents of the State of Wisconsin.
The law would regulate companies that market health insurance to Wisconsin consumers by guaranteeing a consistent delivery of service with purchase. The list includes:
1. Prohibit health insurance companies from having annual or lifetime caps on benefits
2. Prohibits health insurance companies from denying payment for emergency care
3. Prohibits health insurance companies from charging for preventive care
4. Prohibits health insurance companies from denying payment due to preexisting condition
5. Prohibits health insurance companies from dropping coverage when patient gets sick
By incorporating these protections in to State of Wisconsin law citizens can be assured of an important level of care that is required to effectively preserve health and wellness. Health care providers at the point of service can properly perform the needed tasks, without fearing gaps in coverage. Health insurance products can become more understandable to the consumer.
Home Care Path www.homecarepath.com encourages Wisconsin seniors to follow this legislation as it unfolds.
The law would regulate companies that market health insurance to Wisconsin consumers by guaranteeing a consistent delivery of service with purchase. The list includes:
1. Prohibit health insurance companies from having annual or lifetime caps on benefits
2. Prohibits health insurance companies from denying payment for emergency care
3. Prohibits health insurance companies from charging for preventive care
4. Prohibits health insurance companies from denying payment due to preexisting condition
5. Prohibits health insurance companies from dropping coverage when patient gets sick
By incorporating these protections in to State of Wisconsin law citizens can be assured of an important level of care that is required to effectively preserve health and wellness. Health care providers at the point of service can properly perform the needed tasks, without fearing gaps in coverage. Health insurance products can become more understandable to the consumer.
Home Care Path www.homecarepath.com encourages Wisconsin seniors to follow this legislation as it unfolds.
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