Our #1 recommendation, essential life insurance.
In 1904, a young entrepreneur named Amadeo Giannini created the Bank of Italy in a converted San Francisco saloon. His goal was to make financial services available to everyone — not just the wealthy few. And so he did; after the 1906 quake and fire, Giannini set up a makeshift bank on the San Francisco docks, giving residents loans to rebuild, secured with only a handshake. In 1928, Giannini merged with Bank of America, and in 1930 acquired Occidental Life Insurance Company through Transamerica Corporation. The banking and life insurance businesses separated in 1956, with the latter taking the Transamerica name. And in 1972, the now iconic Transamerica pyramid claimed its place in the San Francisco skyline .
PCL Southern shares in the mission of Transamerica as stated: From our very beginning we've been committed to helping you build a solid financial foundation for now and the future. And we’ll continue to do so, providing hope and inspiration today while establishing patterns that build brighter tomorrows. We provide financial knowledge and products that are exceptional and affordable.
In 1904, a young entrepreneur named Amadeo Giannini created the Bank of Italy in a converted San Francisco saloon. His goal was to make financial services available to everyone — not just the wealthy few. And so he did; after the 1906 quake and fire, Giannini set up a makeshift bank on the San Francisco docks, giving residents loans to rebuild, secured with only a handshake. In 1928, Giannini merged with Bank of America, and in 1930 acquired Occidental Life Insurance Company through Transamerica Corporation. The banking and life insurance businesses separated in 1956, with the latter taking the Transamerica name. And in 1972, the now iconic Transamerica pyramid claimed its place in the San Francisco skyline .
PCL Southern shares in the mission of Transamerica as stated: From our very beginning we've been committed to helping you build a solid financial foundation for now and the future. And we’ll continue to do so, providing hope and inspiration today while establishing patterns that build brighter tomorrows. We provide financial knowledge and products that are exceptional and affordable.
Our #2 recommendation, Consider a Health Savings Account or Medicare Medical Savings Account
Health care costs need to be part of your essential financial planning. The Kaiser Family Foundation reports about 4 in 10 adults have debt due to medical or dental bills.Contact us for plans to prevent medical debt.
Medicare Medical Savings Account (MSA) PlansWhat's an MSA?An MSA is a type of consumer-directed
Medicare Advantage Plan (Part C)
. These plans are similar to Health Savings Account (HSA) Plans like you’d get from an employer or the Marketplace. With MSA Plans, you can choose your health care services and providers (these plans usually don’t have a network of doctors, other health care providers, or hospitals).
Medicare MSA Plans have 2 parts:
MSAs combine a high-deductible insurance plan with a medical savings account to pay for your health care costs. You're responsible for handling the money in your account, including deciding whether to pay for health care services using your account funds or other funds you have.
1. High-deductible health plan: This is a special type of Medicare Advantage Plan. This type of plan only starts to cover your costs once you meet a high yearly
deductible
, which varies by plan.
2. Medical savings account (MSA): This is a special type of savings account. Medicare gives the plan an amount of money each year for your health care expenses. This amount is based on your plan. The plan deposits money into your MSA account once at the beginning of each calendar year. Or, if you become entitled to Medicare in the middle of the year and join a Medicare MSA Plan at that time, the plan will deposit the money into your account the first month your coverage starts.
You can use this money to pay your Medicare-covered costs before you meet the plan’s deductible. You can access the money using a checking account or special debit or credit card your bank gives you. Check with your plan for details. The yearly deposit and yearly deductible are pro-rated based on when your enrollment begins. Read more at Medicare.gov.
Health care costs need to be part of your essential financial planning. The Kaiser Family Foundation reports about 4 in 10 adults have debt due to medical or dental bills.Contact us for plans to prevent medical debt.
Medicare Medical Savings Account (MSA) PlansWhat's an MSA?An MSA is a type of consumer-directed
Medicare Advantage Plan (Part C)
. These plans are similar to Health Savings Account (HSA) Plans like you’d get from an employer or the Marketplace. With MSA Plans, you can choose your health care services and providers (these plans usually don’t have a network of doctors, other health care providers, or hospitals).
Medicare MSA Plans have 2 parts:
MSAs combine a high-deductible insurance plan with a medical savings account to pay for your health care costs. You're responsible for handling the money in your account, including deciding whether to pay for health care services using your account funds or other funds you have.
1. High-deductible health plan: This is a special type of Medicare Advantage Plan. This type of plan only starts to cover your costs once you meet a high yearly
deductible
, which varies by plan.
2. Medical savings account (MSA): This is a special type of savings account. Medicare gives the plan an amount of money each year for your health care expenses. This amount is based on your plan. The plan deposits money into your MSA account once at the beginning of each calendar year. Or, if you become entitled to Medicare in the middle of the year and join a Medicare MSA Plan at that time, the plan will deposit the money into your account the first month your coverage starts.
You can use this money to pay your Medicare-covered costs before you meet the plan’s deductible. You can access the money using a checking account or special debit or credit card your bank gives you. Check with your plan for details. The yearly deposit and yearly deductible are pro-rated based on when your enrollment begins. Read more at Medicare.gov.