Blog

While Americans are entitled to take every legitimate deduction to manage their taxes, the Internal Revenue Service (IRS) places limits on your creativity. Here are some examples of deductions...

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. In addition to providing direct financial assistance to Americans, the CARES Act repeals the Medicine Cabinet Tax provision of...

One of the biggest mistake’s employees make is to assume that Open Enrollment is not a big deal. In truth, what choices the employee makes during this time can potentially affect them for years to come. Employees need to...

One of the first questions employees want to know is how their prescriptions will be covered on their group plan. Will they have to meet a deductible, are there copays, what prescriptions are covered. There are a couple of different...

Preventative Care is one of the things that all employees can do to help lower their medical costs. When someone goes to the doctor to get their annual checkups, they are more likely to find any health issues before symptoms start....

One of the biggest questions people have about their health insurance cost are what they can do to help reduce their cost.One of the biggest choices is where to go when you are sick. Most people know to see their primary care doctor...

In response to to the COVID-19 Pandemic, the IRS has issued a new Notice (the full Notice 2020-29 can be downloaded here) that will allow for employees to make necessary changes as needed to help relieve some of the burdens they may be...

Individuals may think that Medicare is more affordable than their current group coverage or their family plan from the marketplace but that is not always the case. Medicare can be very expensive and this can be devastating for a person...

Lyndon B. Johnson signed Medicare into law in 1965. Original Medicare consists of two parts: Medicare Part A (hospital insurance) and Medicare Part B (medical insurance). Inpatient care, including care received while in a hospital, a...

Why "Hair Day" will save America

Edwin A. McKnight, LUTCF, ChFC®

Friday, April 17, 2020

Over the years, I’ve learned much wisdom from my parents and my in-laws that has served me well throughout the course of my life. Elements of this wisdom were the love of art that my mother taught me, the strong work ethic and...

The seasons are changing and so are the election periods. Annual Election (Fall Open Enrollment for Medicare clients with Medicare Advantage and Medicare prescription drug plans) is complete and a new year has begun. Tis the season for...

Tennessee State Health Department Coronavirus Public Information Line 1-877-857-2945 What to do if you were potentially exposed to someone with confirmed coronavirus disease (COVID-19) If you think you have been exposed to someone with...

Our country has found itself in a situation where more and more employers are opting to allow their employees to work from home. At McKnight, we want to support you as you consider if working from home will work for your business. The...

Below is a direct quote from the MarketWatch article published 1/8/2020. “President Trump signed the SECURE Act this week as part of the government’s spending bill and it will inevitably affect most retirement savers, for...

Medicare Initial Enrollment Period (IEP) is centered around your birth month. Beginning three months before and expanding for three months after your birth month of your 65th birthday, you will have seven these months to enroll in...

Many people, myself included, make Resolutions for the coming year to improve their life in one or more areas. Research says that only 8% of people achieve their New Year’s Goals. Following are Five questions you can answer that...

The vision that goes into these Blogs is to inform our readers of things pertaining to the subject of Medicare and not to sway public opinion. Having said that, the House of Representatives passed H.R. 3. This is the first time that...