More Than A Number

Making smart decisions about insurance is extremely important for anyone, but especially for senior citizens. Many are receiving health care coverage through Medicare, but may require additional services not covered through their plan. Many private companies offer Medicare Supplemental insurance frequently known as “Medigap” plans to give coverage beyond what is provided by Medicare. If you have specific health needs, you may want to consider this option.

As a senior citizen, it’s also important to begin thinking about what happens after you are gone. Even if you don’t have life insurance now, there are many reasonable senior life insurance options that can provide some benefits to your loved ones after your death. Reviewing your goals for having senior life insurance will give you a good sense of which policies are right for you. If you don’t plan on having life insurance, burial insurance is one way to ensure that your loved ones can afford to pay for the funeral services you want.

Installing solar panels in your home is not just good for the environment – it can also be good for your pocketbook. Thanks to changes in the federal Investment Tax Credit for Solar Projects, homeowners who make the switch to home solar panels are eligible to claim 30 percent of the cost of their installation as a tax credit. This is a potential savings of thousands of dollars!

Previously, there was a $2,000 cap on the tax credit available for people who installed solar panels, solar inverters and other residential solar technology. But this cap was removed last year, making everyone who switches to solar power eligible for the full 30 percent discount. If you are interested in making the move to solar power, visit solar experts SunWize at http://www.sunwize.com for more information.