Yourmoneyshow talks about the latest hospital scam.  One hospital in NY is sending out invoices for medical bills that have been unpaid for more than 3 years.  This Long Island, NY hospital sent out a bill stating that the insurance failed to pay the bill and that the patient is responsible for paying the bill.  However many states have laws that requires Doctors and Hospitals to remit medical bills within 3-6 months of the date of service.  New York for example, requires that bills get submitted within 120 days.  California requires the bill to be submitted between 90-180 days.  Thus before you pay an old medical bill, check with your insurance carrier and ask them about the old bills.  If the Doctor didn’t submit the bill withing the time period, they cant collect unless they successfully appeal it.  Thus it’s their responsibility for old bills not yours.

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Also on the show today was How To Make $110 per day.  The Affordable Care Act now requires that every company that offers health insurance to their employees must provide a summary of the health benefits.  The summary that the insurance companies provide is not sufficient to qualify as a summary; a special document is needed that summarizes all of the medical benefits.  Its call a Wrap Summary Plan Description (SPD) and almost no business owner has one.  The penalty for not providing one is $110 per day per person.  Thus in a small business of 10 employees, failure to provide a WRAP SPD for 1 year could cost $401,500 in fines.  Small business owners need to protect themselves from litigious employees.  Contact The Pension Department Inc for a wrap plan and protect yourself today.  http://www.thepensiondepartment.com/contact/

Finally Yourmoneyshow called Dr Rob and had him channel President Ronald Reagan.  The ghost of President Regan had some very interesting things to say about the economy.  Listen to the show to show to hear what he has to say about the next depression and what he would do be doing now.

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Yourmoneyshow.com  Talked with Ron Tank, The Moses of Wall Street.  Ron Tank, an ordained Baptist Deacon and a Sunday School Teacher first gained national attention and recognition when he was profiled with his brother in Investor’s Business Daily after submitting his astounding 5,000% gains.  These were “real-world” returns verified by Investor’s Business Daily.

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Now he is the author of the book, The Moses of Wall Street.  In the book he describes how he started investing with only a few thousand dollars, turned it into millions, only to almost lose it all. Then right in the bible, hidden in plain sight, he found what he calls the “Decision-Maker DNA.”

For the past twenty years he has been earning his living solely by investing in the stock market, using the strategies he outlines in his book The Moses of Wall Street.

Ron says that it doesn’t matter whether you are new to investing and have a few thousand dollars or you have decades of experience and many millions to invest, you’ll be surprised at how his Triple Tank System works and how easy it is.

We also talked about divorces and who gets custody of your 401k.

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Yourmoneyshow.com  talked about The Retirement Crisis.  New figures and statistics show that retirees are not ready for retirement.  Approximately four-in-10 baby boomers have nothing saved for retirement.  In instances where early boomers aren’t prepared and a shortfall is expected, early boomers can expect an average shortfall of $71,299 per individual in a family networking.

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Most people plan to rely on Social Security as their primary source of income.  However they don’t know that there are Social Security loopholes which can add to many retirees’ income by as much as $60,000.

In fact, one MarketWatch reporter argued that if more Americans knew about these loopholes, the government would have to shell out an extra $10 billion… every year!  Even if you are woefully unprepared for retirement, by taking advantage of these loopholes, you could retire with more confidence.

Your Money Show also talked about the latest tax scam and some tax deductions that most people miss.  The most missed tax deduction is the tax free withdrawals from a 401k.  The number 2 most missed tax deduction is tax deductible health insurance premiums and other medical costs.

Finally we talked about whether you can get fired after you have been on Family Medical Leave.  The answer is yes, but not before your employer determines if you are disabled.

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Yourmoneyshow.com  talked about networking.  We interviewed Valerie Lampe from Elephant Networking.  Valerie gave us her networking tips for how to be a better networker.

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Her tips include hosting high end networking events as well as finding out where your prospects hangout; using her Eventbrite tip.  She also gave us a great way to generate referrals using Linkedin.

Networking is not about looking for new referrals for yourself, networking is trying to be a connector. Connecting two people together who will do business together.  For all of the connections that you help people make, business will come back to you  according to Valerie.

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Yourmoneyshow.com  talked about the strangest interview questions of 2015.  One of the Strangest questions was from Stanford University.  They asked prospective employees, “Who would win in a fight between Spider Man and Batman.”

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Interviewers like to ask these strange questions to see how you think on your feet and how creative you are. Basically they are looking to see how you handle yourself and how your brain works.

Yourmoneyshow delved into this question Spider-Man vs Batman.

While we had fund answering the question, many people don’t know what kind of questions can be asked at an interview.  That’s why people need to sign up for our Human Resource website.  www.thepensiondepartment.com/human-resources. We cover everything you need to know about hiring, firing, performance evaluations and more.

Your Money Show also talked about the state of health insurance and why premiums are going up.  What can you do about it?  Health Saving Accounts (HSAs) are the best way to combat rising health premiums.  HSAs have low premiums and you can save money in an investment account for things that insurance doesn’t pay for.

We also answered a listener email about divorce.  A listener was supposed to get 50% of her ex’s 401k.  However she was getting the runaround from her ex-husbands former employer.  Listen to the show to find out more.

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Yourmoneyshow.com  talked about The Death of Employee Benefits.

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The number of retirement plans in American has declined since 2008.  Business owners large and small are getting rid of their retirement plans.  The number one requested employee benefit is bonuses. Employees, especially younger ones, are looking at the current situation and they aren’t interested in retirement.  They are looking at their current situation.

Older employees are interested in other employee benefits like life and health insurance.  The problem is that insurance and other things have gotten more expensive and business owners can no longer provide retirement plan benefits to employees.

What can you do? Be prepared to do it the hard way. Now, let me tell you secret.  There are no secrets to saving for retirement. The same principles that will make you successful today, are the same principles used 30 years ago.  If you are investing in stocks or mutual funds; buy low, sell high, invest in high quality investments. If you are saving for retirement; make more, spend less, save what you don’t spend.

As a result, if you want to retire, you’re the one who is going to have to take action.

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Yourmoneyshow.com  talked about getting divorced.

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Our guest Deanna Lucci a divorce lawyer from the DiMascio & Associates, LLP law firm talked about divorce law in NY.  Deanna talked about the reasons why you can get divorced in NY.  Now, a New York couple may get a no-fault divorce if one of them states, under oath, that the marriage has broken down irretrievably for at least six months.  Yes lack of sex by either party would qualify.

Deanna also talked about the benefits of a pre-nup and separation agreements.

We even asked her what happens when one of the spouses takes the money in the bank account and the other spouse cant afford an attorney.  Deanna’s advice was to make a motion to have the other spouse  to pay a retainer fee for an attorney for the other spouse in a divorce case.

Deanna also had great advice about QDROS, keeping some bank accounts separate, dead beat dads and more.

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Yourmoneyshow.com  talked about Credit Repair and the new rules regarding credit reports. The credit bureaus — Experian, Equifax and TransUnion will now make some changes as to their credit reports.

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The three companies will establish a six-month waiting period before reporting medical debts on consumers’ credit reports, providing more time for consumers to resolve issues that might amount only to a delayed insurance payment or another dispute. The credit agencies will also remove medical debts from an individual’s report after the debt is paid by insurance and Debts, for tickets, fines and other obligations that a consumer did not enter an agreement to pay, can no longer be reported on a credit report.

However the good news may be short lived.  The rules did not change and the credit card companies and credit bureaus can still say that your attempt to repair your credit is a frivolous.  When they mark you as frivolous they do not have to respond to you.  The laws also prevent you from suing the creditor who reported the information to the credit bureau in the first place.

The questions remains, are you meant to have good credit?  NO! Any system that limits your ability to sue a credit card company for provided false information about you, is a system that is not meant for you to have good credit.

Yourmoneyshow.com talks about ways to repair your credit and how remove negative items from your credit report.

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