Tricks to getting Health Insurance Coverage

The most challenged group of folks we find having trouble finding good reasonable health insurance coverage are the retirees who have not yet reached that magical age of 65, when Medicare is available. Followed closely by the individual business owner or individual who for whatever reason is not covered by Health Insurance.

Tricks for Getting Health Coveragehealth-insurance

What follows are our favorite techniques for getting coverage before age 65. As you may know, health coverage is under the microscope and the industry is changing fast. We are not experts in the Health field, and these are not recommendations, however we have seen all of these techniques used with positive results.

  • Stay on your significant others coverage as long as possible– If your significant other has group coverage and you retire before they are eligible for Medicare, check if your significant other can continue the coverage and be sure to see how long. Many times coverage can be continued for an extended time.
  • Be a member of a select group – (Our favorite Trick) Many organizations offer group coverage. Generally the harder to get into the organization, the better the coverage. If you really rack your brain, almost all of us, at one time or another have been a member of an industry specific organization. Check your organization out, a renewal may save you a tremendous amount of money and garner greater coverage.
  • Create a Group– (Another favorite trick) If you have 1099 income or are working at a small business, generally it only takes two folks to make a group. A group plan pulls you out of the individual pool and many times garners a better and more comprehensive coverage at a better price. Only a solo person? Hire someone that helps and may need coverage too and can help your business!
  • Six month Cobra Extension– (New to our bag of tricks) While this technique does not give you permanent full coverage, it may get you far enough on the calendar/age clock to help. Many states have a six month, state supported continuance that adds another six months to your coverage. You need to call your former employer and ask for the extension, if available.
  • Employer Qualified Long Term Benefits– In many cases, employees working longer than 10 years and over the age of 50-55 MAY be covered via a group long term health benefit-permanent plan. We have seen several cases where you must ask to get the benefit. Do not be afraid to ask. Also, many of these benefits are only available once, so be very careful in cancelling this coverage for another as you may NEVER have an option to get the coverage again!
  • Military Members – USAA- Family members and close relatives may be available for coverage in certain instances.

By now you may have noticed we have not mentioned the basic coverage available to everyone. Generally we have found that these plans are not as comprehensive as the other options. The good news is they are available to all in most cases.

Going without coverage for even a day can open yourself to terrible expense in the worst case scenario!

Hopefully this article may help trigger thought of possible coverage should you be in need!

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.



Quick Travel Reminder- Out Remainder of week

Just a reminder, I am traveling today through the rest of the week (October 19-21st) out of state. This is the last travels for some time. I will be tethered electronically but will be in the air when you receive the next post.

Since the next post is a bit deep and longer I wanted to separate this reminder from the forthcoming post.

Thanks for reading!

John A. Kvale CFA, CFP

Start of the Week Good Economic Data

Let’s start this week out with a review of  some good economic numbers to fluff us all up as we start this wonderful week !

Latest Economic Numbers

Unemployment Claims down

Jobs, jobs jobs… With jobs, a happier consumer may help push the Economy forward.


Nice trend….let’s say it is down… which is great as these are Unemployment claims.

Expected End of the Year Sales

The National Retail Federation publishes an annual forecast each year for the big enchilada end of the year sales. Recall, Black Friday was coined because many institutions, in the old days, turned their first profit “Black”  the day after Thanksgiving aka Black Friday.

In their most recent annual end of the year forecast the NRF expects nice growth…


ANOTHER nice trend… looks good, on the high end of recent year over year growth!

Bank Lending Picks Up – Not Kidding

This super chart from Scott Grannis shows banks are beginning to lend as the far right end of the chart shows Excess Bank Reserves peeling off into our economy !


All in all, some really good news for a cheerie good Monday and start of your week !

Have a Great Day!

John A. Kvale CFA CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.



Fake IRS Calls – Interesting “Saving” Consumer – Birthday Boy The Brain! – Travels Next Week

After hearing multiple contacts by fake IRS calls, we were scratching our heads as to why! DOH….we understand now… these guys are really getting good.

Next Monday, October 17th, 2016 is the deadline for filing personal extensions. Timely fake calls.

Do not be fooled…it is easy to do if they catch you at the right time!

Interesting Consumer

In a recent Gallop pole, a broad group of folks are now finding it more important to save, rather than spend.


Source: Gallup Poll Social Series: Economy and Personal Finance. Based on results of Gallup Economy and Personal Finance poll conducted on April 6-10, 2016

Wow…. we want to dig deeper into this.

Initially this data may mean a headwind to the economy as consumer spending makes up the majority of the US  Economy and economic growth.  HOWEVER a healthier, financially stronger, happy consumer EVENTUALLY will feel empowered.

We like these types of numbers !

Birthday Boy

Due to confidentiality we can write very little about specific individuals… But a shout out to Donald “The Brain” on his Birthday today is ok !

Happy Birthday DC .. Thanks for all you do for all of us!


Next week (and later today) the schedule has out of state (and town) travels. This is the last for a while, and both include the gang, so all good …. Ahh, but that is next week and today is your Friday heading into a super fall temperature feeling weekend.

Enjoy your day, your Birthday and your weekend !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Charitable giving from an IRA 

Over the last few years there has been on and off legislation to approve charitable contributions from an IRA. Finally it appears charitable IRA distributions are here to stay.


There are a few rules that you must adhere to before completing the distribution. This from a fantastic summary by Michael Kitces:charity

  1.  Already be age 70 ½ on the date of distribution
  2. Submit a distribution form to the IRA custodian, requesting that the check be made payable directly to the charity
  3. Ensure that no tax withholding is being done from the QCD to the charity (as the money must actually go to the charity to qualify, and as a non-taxable distribution no withholding should be necessary)
  4. Send the check directly to the charity, or to the IRA owner to be forwarded along to the charity

It would be advisable to not wait until the end of the year to complete this distribution in order to give all parties ample time to complete the transaction.

By completing this transaction in this manner, you will not receive a deduction for the Charitable contribution, however, you will also not be taxed on the amount of the charity directed distribution!

There you have it…. a simple explaination!

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Q 3 2016 Quarterly Report Cover Letter (Clients)

Dear Investor,

An old Wall-Street saying goes something like this:

“Stocks frequently Climb a Wall of Worry!”

History shows the time to worry most is when NO ONE else is worrying. Said another way, when everyone is confident that everything is great, there is no one left to buy, and the unimaginable drop (at least at the moment) occurs without warning.

With a US election that has caused even the most calm a higher than normal heart beat and blood pressure, no matter the political persuasion, a worry is born.

A Brexit, or the exit of the British from the European Union which was a complete surprise to any who were following the almost certain stay polls, were surprised, another worry.

The historically worst start to the year (earlier this year) in terms of world capital market negative movement and calls for a world slowdown, another worry.

Prolonged lower than normal interest rates, many (present party included) think higher rates will be good longer term, after the initial adjustment in capital markets occur, but too low for too long, another worry.

Those wanting a stronger US Dollar, got what they wanted, but created another worry from a competitive standpoint.

All in all, plenty to worry about!

Funny thing is, capital markets have a way of happily ignoring the concerns and looking forward to what may occur over the next hill. It is true, markets can, and do, worry about items that should not be of a concern at times; a point for another market mood time.

Given the consumer has suddenly gained greater confidence than had in nine years, judging by the most recent consumer confidence related reports, Europe is not falling apart after the Brexit, and some type of possible stabilization from our Asian friends, capital markets are smartly treading water and patiently waiting further signals.

Enclosed is your 2016 Q3 Quarterly summary which reviews the most recent 90 days. Looking forward, October “Historically” can be a dicey month, BUT the final QUARTER tends to be the best of the year.

The most recent Newsletter is stuffed with information concerning the awesome “New Personal Total Vault” and the fantastic uses and features. If you are receiving this report via paper, you may like to know that this complete report, along with prior reports is also available in “Your Own Personal Total Vault”. If you are on the fence about changing to electronic reporting, with Newsletter in hand, now is the time to give it a try. If you do not like it, a paper delivery can resume at your request.

Have a Super Fall as we head towards the fun Holiday Season!

John A. Kvale CFA, CFP

Matthew, take it easy … Columbus Monday Bank Holiday … Friday

Earlier this week, word was received of an evacuation of a relative in the Sunshine state. Later several communications from friends who were taking cover but staying put as they were out of the path. Heck, my most recent trip of last week may get visited by Matthew’s footprint.

This from the Weather Channel:



Matthew, take it easy please !

Everyone be safe!

Columbus Day

Monday is Columbus Day, as such banks, post office, and money flows will be closed. Capital Markets will be open with Fixed Income Markets having an early close and Equity Markets running in thinly traded novice hands.

Ahh…. but that is next week and today is a Friday, heading into a wonderful fall weekend. Enjoy your day, your weekend, and those special in your life !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.