By Paul Davis | Contributing Writer

You may think this as a devious come-on from an unscrupulous insurance agent. But really, my intent is to try to connect with people who are truly overpaying on their present plans without realizing it.

If you watch TV, it’s difficult to avoid commercials for Medicare Advantage HMO plans that have zero monthly premium. Those plans are great for people who have doctors contracted with those plans and comfortable with the HMO concept. FYI, some of those plans include providers contracted with UCLA and Cedars-Sinai Medical Center. Many people find that surprising.

But this article is more for those people who want to have freedom of choice and do not mind paying a monthly premium for a Medicare Supplement (also known as a Medi-gap) plan.

If you’re on a Plan J, which has not been sold since 2010, you are on the richest standardized Medicare supplement plan.

Plan J has an at-home recovery benefit that does not exist on current plans. But how much extra are you paying for that benefit and is it worth it? Here are two 2020 case studies:

• We recently had a client who was on a plan J and his premiums were going up to $343 per month. He had been on that plan since 2009. When we shopped his plan this year, we found a Plan G coming in at $233 per month — a $110-per-month savings that equates to more than $1,300 a year.

There are two benefit differences: Plan J has an at-home recovery benefit of $40 per day for up to 40 days a year after discharge from a hospital and for every day you receive home healthcare. Sounds good, but I have never had a client make use of that benefit.

Plan J

JPMorgan Chase & Co. is planning to set emissions targets for its financing portfolio, joining other massive banks in bringing climate goals to its lending activity.

The biggest U.S. bank will establish goals to be achieved by 2030 for each each industry in its portfolio, starting with oil and gas, automotive manufacturing and electric power. It will begin announcing the targets next year.

JPMorgan is also working to achieve a net-zero carbon footprint for its own operations starting this year as part of a broader commitment to align its activity with the 2015 Paris climate agreement. Morgan Stanley had pledged to eliminate the net carbon emissions generated by its financing activities in three decades.


The changes send a signal that JPMorgan is thinking more seriously about its role in fighting climate change. The bank has been under increasing pressure from environmental activists to divest from the fossil-fuel industry. In February, the firm said it would tighten its financing policy and pledged to stop advising or lending to companies that get the majority of revenue from the extraction of coal.

In May, a shareholder resolution requesting that the firm issue a report outlining how it intends to reduce greenhouse-gas emissions associated with its lending business received support from 49.6 percent of shareholders — just missing a majority threshold, according to the preliminary tally. The bank has also replaced Lee Raymond, the former Exxon Mobil Corp. boss, as lead independent director of its board after nonprofit groups and some large investors pushed to remove him due to his track record on climate change.

The Rainforest Action Network said the bank’s new policy is a “welcome step forward” but “falls short,” according to Patrick McCully, climate and energy director of the group. “If

Friday's report was compiled by BIS, the Bank of England, the U.S. Federal Reserve, Bank of Canada, Bank of Japan, the European Central Bank, Sveriges Riksbank and the Swiss National Bank. File Photo by Canadastock/Shutterstock/UPI

Friday’s report was compiled by BIS, the Bank of England, the U.S. Federal Reserve, Bank of Canada, Bank of Japan, the European Central Bank, Sveriges Riksbank and the Swiss National Bank. File Photo by Canadastock/Shutterstock/UPI

Oct. 9 (UPI) — The Bank of International Settlements and seven central banks around the world published a report Friday that set a framework for a digital currency to work in conjunction with paper money.

The report highlights three key elements of the proposal — cryptocurrency coexisting with cash in a flexible payment system, supporting wider policy objectives and promoting innovation and efficiency.

“This report is a real step forward for this group of central banks in agreeing on the common principles and identifying the key features we believe would be needed for a workable [central bank digitalcurrency] system,” Jon Cunliffe, the deputy governor for the Bank of England, said in a statement.

Along with BIS and Bank of England, the report was compiled by the U.S. Federal Reserve, Bank of Canada, Bank of Japan, the European Central Bank, Sveriges Riksbank and the Swiss National Bank.

The institutions said the core features of the digital currencies are that they will be resilient and secure to maintain operational integrity, convenient and available at a low or no cost to end-users, underpinned by appropriate standards and a clear legal framework and have an appropriate role for the private sector.

“While technology is changing the way we pay, central banks have a duty to safeguard people’s trust in our money,” European Central Bank President Christine Lagarde said.

“Central banks must complement their domestic efforts with close cooperation to guide the exploration of central bank digital currencies to identify reliable principles and encourage innovation.”

The report follows years of growing staying power among cryptocurrencies like Bitcoin and Facebook’s Libra.

(RTTNews) – Sam’s Club, a division of Walmart, Inc. (WMT), announced Thursday that it plans to deliver something special throughout the holiday Season. The company is also hiring 2,000 permanent, full-time supply chain associates to support the expected demand amid a busy shopping season.

Sam’s Club would add more days of deals for its members, introduce more newness, more often in clubs and online, and plan unexpected moments that delight shoppers throughout the season.

The decision is based on a survey of its members regarding holiday shopping plans. Among them, 61 percent said they would be shopping more online this year, and 31 percent said they would be shopping earlier than past years.

The company is offering more days for members to save through holiday savings events. October Savings Event has already started from October 4. The other events include November Instant Savings from October 28 to November 29; November Savings Event- extended from one day to nine days, from November 7 to November 15; and 10 Days of Thanks-Savings- extended from four days to 10 days from Nov. 20 to Nov. 29.

Further, Cyber Monday Online-Only Savings Event is on Nov. 30; December Instant Savings will come from Dec. 1 to Dec. 24; and December Savings Event; extended from one day to nine days from Dec. 5 to Dec. 13.

The warehouse club will unveil all its November deals in a single savings book, mailed to members’ homes the week of Oct. 21. The deals for the December events will also be shared with members in just one book that is mailed to members’ homes in late November.

Regarding hiring, Sam’s Club said all fulfillment center hourly associates will receive a $2 hourly premium during the holiday season. Hundreds of those new hires will work at the retailer’s new,

BAY CITY, MI – Bay City’s South End is one step closer to becoming the new home of a state-of-the-art marijuana growing facility that promises to bring about 100 jobs to the area.

On Monday, Oct. 5, the Bay City Commission approved an Industrial Facilities Tax Exemption Certificate application for Shango Park Bay City Inc. to allow the company to rehabilitate a vacant 24,800-square-foot building located at 1601 Garfield. The approved IFT is for the total amount of $7 million for 12 years.

Shango’s proposed plan involves turning the empty building and its 5-acre property into a mixed-use facility for marijuana cultivation, processing and storage, with the possibility for corporate offices. The existing structure will primarily be used for cultivation and offices while additions are planned to include a bakery and extraction lab.

Construction is slated to start in Fall of 2020, with the first phase of construction estimated to be wrapped up in Spring 2021.

Shango’s website refers to itself as a leading medical and recreational medical dispensary license holder, grower and manufacturer in multiple states across the country. Shango currently has facilities and sells products in Oregon, Nevada and Washington, with the plan to strengthen Michigan as a new player in its roster. Shango currently has a medical marijuana provisioning center in Lapeer but the company has larger plans for the Bay City location.

Matt Kowalski of Warren-based Shango was in attendance at Monday’s meeting to clarify details for commissioners about the tax abatement and plans for the property.

In exchange for the tax exemption, Shango plans to revamp the property and add approximately 100 new jobs of varying skill level.

“We’ll have jobs anywhere from janitorial staff all the way up to PhD’s,” said Kowalski.

In addition, Kowalski stated that the company is planning a provisioning center