Friday, January 31, 2014

Average U.S. spending on Rx drugs per person was $1,432 in 2010
Americans spent an average of $1,432 on prescription drugs in 2010, according to data gathered by the Agency for Healthcare Research and Quality. The report said the percentage of the population with prescription drug expenditures was lower for Florida at 58.1%, New York at 53.4%, Texas at 53.1% and California at 47.7%, compared with the whole of the U.S. at 61.3%.

Monday, January 20, 2014

Few consumers are prepared for loss of income
A disability-related loss of income can devastate a household's finances, even in dual-income households, but few people have a plan in place to mitigate the impact. "A well thought-out plan that includes disability insurance is the only sensible way to protect against what ranks as one of the most significant, if not the most significant, threat to an individual's or a family's long-term financial stability," writes Barry Lundquist, president of the Council for Disability Awareness. Advisers should ask their clients about plans for income loss and help them develop income protection plans, Lundquist writes. National Underwriter Life & Health