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Far too many people think of Easter as one of the two times you are expected to go to church. For some reason they feel Easter and Christmas are important while the other 50+ times the doors are open are just there for extra credit.

Christmas celebrates the birth of Christ while Easter is what gives Christians the true basis for their faith. Without the suffering on the cross, death and resurrection the Christian church would be just another cult.

Christian churches come in several different "flavors". Some, like the Anglican church, are considered to be "high" churches. Services consist of liturgical recitations, standing, kneeling, communal praying and so forth. Many of these rituals may be shared by the Catholic church but there are differences since the Anglican Church was formed as a protest to the Catholic Church.

"Low" churches share the same underlying beliefs of high churches but don't put as much emphasis on liturgy, ceremony and sacraments.

Without regard to the type of church, high, low or somewhere in between, all churches celebrate Easter and with good reason. The Apostles Creed essentially summarizes the framework of the Christian faith.

I believe in God the Father Almighty, Maker of heaven and earth, And in Jesus Christ his only Son our Lord, Who was conceived by the Holy Ghost, Born of the Virgin Mary, Suffered under Pontius Pilate, Was crucified, dead, and buried. He descended into hell; The third day He rose again from the dead; He ascended into heaven, And sitteth on the right hand of God the Father Almighty; From thence he shall come to judge the quick and the dead. I believe in the Holy Ghost; The Holy catholic Church, the Communion of Saints; The Forgiveness of sins; The Resurrection of the body, And the Life everlasting. Amen.

Those who do not share our beliefs may think the terminology and even ideology to be foreign. This 110 word recitation embraces the beginning of the life of Jesus the Christ, the end of his earthly life and the rebirth (resurrection).

Without the resurrection, Jesus was just another prophet that failed to fulfill the scripture. The last days of Christ followed by the resurrection were foretold in numerous passages of Psalms and Isaiah. Jesus had to die, and then rise from the dead on the third day to fulfill the prophecy.

Blessings to all on this holy day.

#Easter #ResurrectionOfJesus #CrucifiedDeadAndBuried

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Tonight begins this year's celebration of the Passover, as we join with family and friends to retell (once again) the story of our People's redemption and the beginning of Judaism.

A Joyous Pesach to all of our readers and your families.

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That is to say, Disability Insurance versus Medical Bankruptcy.

The other day, we discussed the myth of widespread medical bankruptcies:

"Study: Medical Expenses Cause Close to 4% of Personal Bankruptcies — not 60%"

In the comments, it was pointed out that the most prevalent cause of medical-related financial troubles wasn't the cost of care itself, but the lack of income while one was receiving - and then recovering from - that care. Co-blogger Patrick took it a step further by explaining that this is where a disability income insurance plan could have saved the day.

Since DI is one of the most complicated - and misunderstood - products in our quiver, I'm going to take this opportunity to reprise a post from my old Answers.com gig to explain the basics of this type of insurance:

Disability, or Paycheck, insurance helps pay the bills if one is out of work due to an injury or illness. Although many employers offer it as an optional benefit, it's also available to those without access to an employer-based plan.

Of all the various types of insurance products we sell, disability income insurance is one of the two or three most complicated. That's because there are so many variables involved in identifying the appropriate product, determining how much one can and should buy, and how one's avocation affects one's rate.

What Are The Basics?

There are three main components to disability insurance: how much, how long, and when. How much of one's income, and therefore how much disability insurance one can buy, is a function primarily of one's job and one's wages.

What’s A Rate Class?

So-called "white collar" professions, such as doctors and accountants, will generally be eligible for higher benefit levels because they make more and their work environment is generally not very dangerous.

People in, for example, retail sales and management, won't generally qualify for as much of a benefit due to the nature of their work and their income level.

Those who toil in the blue collar arena, such as a taxi driver or mechanic, may have trouble finding coverage at all, and when they do, can expect somewhat lower benefit levels due to their job requirements.

What Are Waiting Periods?

This is how long one must wait from the time of claim until the time one actually receives a check. Think of it as a deductible, such as when you wreck your car or hail damages your roof. Typically, this can be anywhere from a month to a year or more; the longer the time that one is willing to wait, or self-insure, the lower one's rate will be.

What is A Benefit Period?

Once one has satisfied the waiting period, the insurer will begin sending checks, and will continue to do so as long as one remains disabled, up to a previously agreed to cut-off date. This can be as short as a year, or as long as until one reaches retirement age.

What About Social Security?

Most working people have access to at least some paycheck insurance through the Social Security Disability benefit (SSDI). This is administered by the Social Security Administration, and is based on one's income, how long one's been in the workforce, and the nature of the disability:

"Social Security pays only for total disability. No benefits are payable for partial disability or for short-term disability ...Your disability has lasted or is expected to last for at least one year or to result in death."

As a result, many people who think they'll be eligible for disability benefits from Social Security are disappointed to find out that they aren't, or that it will take a lot of time and effort to receive any financial assistance.

Conclusion

Even though a portion of your paycheck goes to pay into the Social Security Disability system, it may not be wise to rely on SSDI in case of a major illness or injury. Individual disability insurance can help provide peace of mind, and money for food and shelter, and can be configured to meet your own specific needs.

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We first blogged about the myth of widespread medical bankruptcy over 10 years ago:

"There is little evidence that medical debt is a major causal factor in bankruptcy filings."

Turns out, even under the train wreck that is ObamaCare, little has changed:

"Study: Medical Expenses Cause Close to 4% of Personal Bankruptcies — not 60%"

Ooops.

Now, one thing I truly admire about the cited article's author is this caveat:

"Keep in mind this study does not show the overall personal bankruptcy rate is lower than believed. It shows only that the share attributable to medical expenses is lower than believed." [emphasis in original)

My own take-away is that of course medical bankruptcy is bad, but if we're truly going to have a "conversation" about health care financing, we need to avoid inflated numbers and false premises.

[Hat Tip: FoIB Michael Cannon]

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■ First up, this warning to "Beware the employer-paid COBRA continuance bear trap."

What's that, you ask?

Well, to be fair, I'd never heard of it, either, but apparently some folks can elect to have their former employers actually pay for their COBRA plans (nice!). The downside is that when COBRA runs out, it's not considered a Special Open Enrollment trigger.

Heads' up.

■ From our friends at Cornerstone, the newest info on this year's HSA contribution limits, which basically decrease the max effect family maximum $6,900 to $6,850. Not necessarily the end of the world, but every dollar counts.

■ FoIB Holly R alerts us that Badger State governor Scott Walker has signed "SB770, intended to control health insurance costs by implementing a state reinsurance plan that would pay as much as 80 percent of insurance claims of individuals with high medical bills."

Details here.

I'll just remind folks that government actions pretty much never "control health insurance costs."

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Health Agents for America (HAFA) president Ronnell Nolan produces a series of vlogs (basically video blogs) about various issues that we deal with every day. Recently, she posted this one. Please watch (it's only a few minutes long) and then I'll share our discussion about it:

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Several years ago, my daughters traveled to Vancouver (because reasons) and stayed in an AirBnB. What I most recall about the experience was that the hostess insisted upon "meeting" them on Skype and interviewing them to see if they'd be a 'fit.' Having stayed in numerous traditional Bed & Breakfasts myself, this struck me as both odd *and** sensible.

Apparently, not every such host goes that extra mile, and to their detriment. FoIB Tsrblke alerts us:

"An Airbnb host claims that a nightmare guest left $18,000 worth of damage in her home"

After some 300 people trashed their house (invited by her client, no less), the owner admits that there were some "red flags", but it appears that the "green dollars" overcame them.

Ooops.

The corporate folks at AirBnB HQ offer a cool million dollar "guarantee" for hosts, but so far this one's not seen a dime.

So why doesn't she just claim it on her homeowner's policy?

We reached out to our regular Guru of P&C, Bill M, who told us that:

"The use of your home for commercial purposes is typically excluded.  Some companies are coming out with a business endorsement for “air b&b” type exposures.

The biggest thing is to communicate with your agent to discuss challenges and how best to solve them.

And by the way, traditional B&B's can have some of the same issues, especially if the owners/hosts live in the home."

As Tsrblke reminds us:

"Nobody in the "sharing economy" is taking basic steps to protect their assets. The company "guarantees" aren't insurance and shouldn't be treated as such."

Yup.

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