Yeah, ripped up. You need advice, so you don't have We'll come
running just as fast as we can. Shooter's gonna help come. Man six
is the Troubleshooter Show. Now, Tom Martino, Hey, Tom Martino here,
welcome to the show. Three oh three seven one three talk. That's
the number in the studio. We also have three oh three Martino. You
can call twenty four seven three oh three six two seven eight four sixty six
and when you call, we'll get right to you. That's right, we
will get right to you. And if you can just hang on, I
have my expert. I want to get on right now. Eric Reinimer with
Atlas Epas and Financial Advisors and Eric, we had a question the other day
that came up about are you there, sir? I am now. After
the April fifteenth deadline, you slowed down a little, but you still have
to get people ready who filed extensions. Let me ask you something in general,
do a lot of people file extensions or do you still have most people
filing on time? Well, we have probably a third of our clients' file
extensions. Because I just together yet. Okay, So we had a question,
and again it doesn't apply to everyone, but it was important enough that
we wanted to talk about it on stacking retirement plans and we had Retirement Planning
Center of the Rockies on But some of the questions they said, and fairly
so, they said, a lot of them are more apt to be tax
questions than they are than they are you know, financial advisement questions. And
we were wondering about a number of them, and basic Lee, let's us
go through them. We're mainly talking about people who make some money and there
they own their own company. They might even be the only employee, or
they have their wife or a kid or something where they don't mind doing a
plan. So we have the solo forour oh one K, which is basically
a four oh one K for a person who owns their own business or if
they have a couple employees that you know. But bottom line with that is
the company puts in money, which is basically themselves, and then they put
in money as an employee. And somebody wanted to know if they own their
own company and they want to do that where the employer part of them puts
in money and the employee part of them puts in money. Are they Jim,
is it worth it for the tax savings if you consider they now have
to be W two and they to they have to pay other h expense on
themselves. That was the first question. That's a great question, and probably
the question behind that is to take a pension deduction like a four oh on
and K, you have to charge wages to yourself. And you have wages,
you pay fifteen percent payroll tax. So really the issue is are you
more focused as your income grows. People tend to be more concerned about setting
aside retirement dollars that are worrying about trying to minimize their W two. So
it really just depends on how big your dollars are at stake, But ultimately
you end up it's more beneficial if you're going to get a thirty thousand dollars
retirement deduction and it's your own money just going into a four oh and K,
it's worth it because of the tax deduction. Okay, Now, next
question, if someone owns their own company, or they're a contractor or whatever,
electrician, whatever we have, if they do this solo for a one
K or a limited for a one K for you know, like I said,
closely held employees, can they also do a SEP I r A on
top of it. No, those are mutually exclusive career because really they're identical
plans. You can't you've got to do one or the other. Oh so
they can't do both. No, the main stacking is you use that phrase.
The main thing that we can see is you can do on top of
a four one K and we've talked about this before, you could add on
top of that a profit sharing plan. That's very common, that gets happened
a lot with high orders. But an SEP is like a simple plan,
is like a four to one K plan. They're all okay, five I
RA as okay. So basically the the the SEP I RA or the SEP
uh and or the solo four one K they both will give you the same
exact contribution limit and the same deduction, but one is done totally from the
employee. The other one is done as an employer employee. So with a
step you would not have to have the W two arrangement with yourself as long
as you're charging. No that that's actually you do have to have WW income.
And we almost never see SEPs anymore, Tom because the problem with SEPs
is it's limited to twenty five percent of your wages or your self employed income.
That's the issue with those things. Now let's say this. Let's say
this contractor who works for himself has a solo for a one K, and
now let's say he does other business activity separately from his come. He does
some other stuff. Can that other stuff qualify for a set It could,
as long as everything has to be aggregated together to his personal limitations in a
year. So he still won't get more than the write off of sixty six
thousand or so. No. I would suggest doing it in one plan.
It's too complicated. Okay, spread it around. Now. On top of
that, can a business owner do a traditional IRA if he has a four
to oh one K? Typically not. Those are subject to income limitations.
And if you're in a four to one K, usually your income puts you
past the threshold. Okay, qualify now, except he can probably do it
but not deduct the contribution. Yes, a non deductible IRA. Now is
it worth doing that if he had some extra money in order to get that
tax free the tax deferred earnings? Yes, generally if a person is at
that point where they're just looking to put away money without taxation, then yes,
that would be worth it. Okay, Now, what about what they're
calling a backdoor wroth. If people make too much money to contribute to a
wroth, a married couple or something, and they have some other plans,
they can take a distribution of that plan, that qualified money and roll it
into a wroth. Yes, they can, and that's where probably my colleague
you spoke with before, Michael Lebot, might be best on the details of
how that would get structured. But basically, you pay the tax, you
roll it over, you don't pay the penalty if it's a qualified rollover,
and now that money becomes tax free earnings and tax free when you take it
out, correct. Okay, Now that would be for someone who anticipates that
they want tax free, if they anticipate later on in life they're going to
be in a low tax bracket, that may not be necessary. That's right.
For people like that, it might be better to take a lot of
people want the big tax deduction now because they can plan being in a lower
bracket in the future where it's going to be at a much lower rate,
which is a whole other strategy, and the wroth would be subject as I
understand it, the wroth would be subject to limitations of contribution. Right,
Yeah, there's those annual limitations, just like a traditional IRA of six or
seven thousand. So even if you roll over some money from an IRA or
something else into a wroth, you still can't exceed the sixty five hundred or
if you're fifty year older, the seventy five hundred contribution. Right. Okay,
Well you cleared those things up, and I appreciate it. And then
you said something about a pension plan in addition to a four oh one K,
and that gets pretty sophisticated because people having had done that in the past.
You have to pay quite a bit of administration costs for that you do.
There's at least several thousand dollars a year just to administer that. And
again, if it's worth it, if your money that you're putting aside is
big enough dollars, it's worth it for the tax benefit, right, Sometimes
it is, sometimes it isn't. Do you find by the way, people
wanting more tax deferred money or do you feel like times are tough and they
don't have it to put away? For the most part, medium to small
business, I'd say it goes both ways. Some people are having tough times,
but a lot of people are having amazing years and still looking to maximize
their retirement contributions as they get older and closer to the end of their work
period. Okay, visualize. Thank you very much, and really you've been
a world to help you. Really clear it up. And are you guys
still taking on new clients? I always get that question when you're on all
the time. We love it every week Atlasfirms dot com and it's three oh
three seven nine nine nine one one one. Thank you very much, Eric.
Yeah, there's a lot to talk about when it comes to this stuff.
You know, you hear all these expressions, but can they be done?
How can they be done? How can they be done legally? Of
course? And then let's talk about when I say regular wage journers, I
mean if you don't own your own company, and you're not you're not looking
to stash a lot. You still have, of course the traditional wroth and
the traditional ira, which is a great thing. And then you have the
educational plans five twenty nine you can put away. And if you put that
money away for your go into college, then you look forward to the future
when that money is taken out for college, and that money is never taxed
if used for college. Now we have more coming up with Lean wants to
talk about a vehicle. She's looking for a vehicle to be donated. She
wants a vehicle. And then Tom is looking for Tom has an issue with
Excel Energy. All of that coming up on the Troubleshooter Show. Paul the
Waterman, Great water systems at the lowest prices I've ever seen. And I'll
tell you what. It's not just a lower price. The products are better
than you get for twice and three times the cost. If you want drinking
water, never buy bottled water again. Fourteen hundred bucks fully installed triple filter
reverse Osmosis three zero three eight six two five five five four. Go with
a sure thing Denver's best roofer Excel Roofing dot com. You don't pay a
cent until you're content. Leave time for an insurance check up free, no
obligation. In comparison, call Compass Insurance paying too much your coverage at dozens
of insurance companies find out now three all three, seven seven to one.
Help. You'll think you're his only customer when you choose Frank durand the real
estate man dot com to list your home with Remax Alliance three all three nine
two zero sixteen twenty two. Hey, I'm Tom Martino, you troubleshooter three
all three seven one three talks seven one three eight two five to five.
Now I'm gonna say it publicly. I used to keep this to myself off
the air because we have two shows going on off the air. On the
air, if you're if you're a YouTube flunky, excuse me, a YouTube
moron, sorry, Facebook flunky. One thing, I've noticed, the Facebook
flunkies are not as negative as the YouTube morons. There's something about YouTube that
attracts negativity. That's just the way it is. There're a bunch of and
they seem to skew older on YouTube. It's like they're sitting around scratching their
asses, you know, just smelling, not showering. This is what I'm
picturing. Maybe I'm wrong. I'm not picturing some young executive at his desk
having this off to the side, listening to the show. For edification.
I think there are people look into just throw stones at callers and me.
I don't care. Hey, Leanne, tell me you need a vehicle.
Let me just tell you something, Leanne. It is a cold day in
hell to get a vehicle donated nowadays. I know this because I'm trying to
go through it myself with some of my as they call them, newcomers.
I'm trying to help people who have asylum here in the country, who are
getting jobs and need transportation. And I feel for you if you need a
vehicle, it is very difficult use cars. People are keeping them now and
then when they're not they're selling them. Now, tell me your situation,
Leanne. Sure. So my situation is I actually have a sober living in
Littleton, Colorado, the five bedroom home for women. And what we're doing,
Tom is we are truly helping these women. We are trying to help
them get their lives back on. That's wonderful. I love hearing this,
okay. And with that, we are a nonprofit. And also, so
you know a little about myself, I do this work for free. I'm
in recovering myself. My passion is I know women can be saved and be
sustaining and efficient in society. Again, however, our struggle right now is
we do not have a home and I work full time. So I am
working, Okay, I get it. So you guys, you guys need
a vehicle for the home. Yes, and we do service work in the
community. We are always helping others. That's totally different. That is very
very won that's wonderful. Maybe we can. So, do you need something
like for group rides or like taking the women places? Ords you need and
what do you is that? What you like? A van? We need
something that's going to be a five at least five passenger plus. These women
also are fighting to get their children back, and I'm beyond excited to share
that we have two women that are already getting custody back. We need to
be able to go and pick them up from school. Whatever events we can
include them in. We are part of events in the community, giving back.
They need to make their meetings, they need to make their requirements for
courts. They're doing it right. We just desperately need help and we do
not qualify for funding from the state to purchase a vehicle. So we are
hoping there's someone out there that would be able to help us. What would
be an ideal vehicle? Ideal would be a small suv or a large suv.
Okay, So you need or a van maybe or a van. Yes,
absolutely, just something is just to be keeping in mind that would be
easy enough to get around because of parking and all of that. But we
absolutely are open to a van as well. We're open to anything that's just
safe and reliable. And we've also partnered with a great organization that you've spoken
about before. I don't recall the name, but the Hands of Carpenter I
believe, yes, yes, hey, they're going to help make sure once
we have a car donated, they've already committed to helping us keep it up
and running. We just haven't found a car yet or a vehicle. I
should say, you know what, I love helping if we can so kit
China, make sure we have her information to get back and then let's put
the word out. Man. I really want to get the word out.
And you know, you guys can contact us about it or you do you
want them to contact you directly? How do you want to do this,
Leanne? I just don't want you fall in for any scams. Okay,
if people say that's what I'm running into, would it be okay that they
contact you? And I yes, it would be It would be make sure
we get your information, Leanne. We would love to help you three all
three seven and thank you to anyone anyone that can help. Thank you so
very much. Okay, Leanne. So they're looking for an suv or a
van and that they can help the ladies, the women at this sober living
house. She's helping them get back on her feet, on their feet and
get their children or their custody back. That's wonderful, really wonderful. By
the way, Tom, what's going on with Excel Energy? What's happening.
I'm going to check out my email, said, I guess you sent us
an email, But what's going on? Sir? I did send you an
email, and I sent you another one just a few minutes ago. You
sent me a bill. Here and I see a bill and the bill is
for nothing zero. Now that's the one that you received just a few minutes
ago. Now, what are you calling about? Tell me the problem.
The problem I've got is I don't think I'm receiving a full credit for the
power of being produced by my solar panels. I sent you emails last week
that show that I'm producing seven hundred and eighty kilowatts, but I'm only receiving
credit for two hundred and forty. Yeah, but but hold on, you're
producing seven eighty, you're getting credit for two forty. But let me,
is this a net metering situation? Aren't you using the rest of it for
your house? And then you get to sell what you're not using? And
well, I'm still getting a bill for I don't have that. Wait a
minute, Well, I got to look for your previous email here. I
don't see it here for some reason. But hold on a second, though.
That doesn't matter. I'll get it. Kachina will send it back to
me, So I don't. I want to get one of our solar experts
on too, So this is good. Hold on, I'll look at your
email. We'll get one of our solar experts on three oh three seven one
three talk three oh three seven to one three eight two five five. Surely
a question on taxes coming up as well. We will help all of you.
Just hang on and don't forget Grossman. This clinic I credit them with
true health concierge service. That means, if you want to step it up
a notch with your health, every three months, blood work, an exam,
a consultation, every three months. Nothing can happen in three months.
That's too bad, right, and then all of your prescriptions that you need
in the program and your supplements covered really, including testosterone or whatever you need
as a man or woman. I want you to call them to get started
at two hundred and forty nine bucks. No obligation to go forward. That's
for blood work and a consultation. See where you stand three zero three two
three three forty two forty seven two three three forty two forty seven. Go
with a sure thing Denver's Best roofer Excel Roofing dot com. You don't pay
a cent until you're content. Time for an insurance check up free, no
obligation in comparison, call help us insurance paying too much your coverage at dozens
of insurance companies find out now three all three seven seven to one help.
You'll think you're his only customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three all three nine two zero
sixteen twenty two Himes, Tom Martine, your Troubleshooter three all three seven one
three talk three all three seven one three A two five five. Welcome to
the show. Let's talk Tom. What's going on with Excel. I did
not see did you send that to me the other one? Oh? Yeah,
I see it. Okay, do we have our solar expert? Not
yet? Okay? Uh, then I might hold hold him off then for
a sec. I'm looking at his bill here, and I think we should
send one to her. Basically, it's showing what he produced. He's saying
he's not getting credit. You know, net metering is a weird, weird
situation with Excel. We can either get Brook or Mark, Mark Conkle or
Brooke. So let's either get probd Energy dot com, Probit Energy dot com,
or we'll get Brook at red Rocks rs dot com cool three all three
seven one three eight two five five. Meanwhile, I'll talk to uh.
Surely she has a question about taxes. Surely what's happening? Oh? Hi
Tom. A couple of days ago, a family member passed away and we
found out that, uh, he may have not been paying taxes for the
black past twenty thirty years. Oh my good, wha twenty or thirty years?
Right? Holy crap? I wonder how how did is is it a
man or woman? How did he ar she get away with it? I
don't know. He's been on disability most of most of the time, if
not all of the time, and receiving a small pension. So I don't
know. I just don't know. So my question is how is this handled
and is it is it going to be the responsibility now of the personal rep
to handle this? And if you know, if nobody pays, is there
going to be problems with that? You know what? I think? We
get one of our estate planning attorneys on Here's why. I'm not sure.
I am almost positive that taxes are going to be a lean against the estate.
But if they have not done that in thirty years, my main question
is do they have a responsibility to seek out the I R s Now?
Does this tell me about this guy? Will? Will? Will he have
any wherewithal any money left? I mean not left? But what is in
the estate? Let's start there really just personal items because he had a life
estate deed. What does that mean? So the house went to some one
else right upon his death, it went to his daughter and did she so
she's already got in the house. When did he die? Onndy? Oh
like oh my, okay, we're talking right now? Okay, yeah,
yeah, So yeah, with the life of state need as you probably know
that it immediately goes to who is the it's a it's a beneficiary Steed,
it's a beneficiary Steed, So the how? But yeah, just giving him.
But I believe, I believe beneficiaries deeds may even be subject to tax
liens. But he hasn't had any tax collections or Leans has he no?
So what would be interesting? Kachina? We really need to check with either
with either one of our estate planning attorneys. We either kill and Park or
McKay. We really need to check with him because I'm not sure if they
I'm sure they've encountered this before. And I don't know the extent that you
have to go to contact the irs and to admit to them they've never been
filing. What do we do? I don't know what the answer is there.
What you don't want to do is end up with personal liability because of
it? Right now, hold on, Okay, surely we'll get We will
get. I think this is better than a tax attorney we need. What
we really need is someone with estate planning and dragon is she hearing me?
Good? Let's bring up Mark now with probid Energy dot com, a solar
business for sales installation and service full service. Now mark on on the Succel
Energy thing. He doesn't understand his net metering or I don't understand it.
But it doesn't look like he's getting credit. Tom, can you he's with
Excel Energy. By the way, Tom, how long have you had your
solar system? It's been right at one year? What size is it?
I've got forty two panels. Okay, I don't know what that means.
But and have you always since it's been activated? Have you always been paying
on an electric bill? The first I'll say three months? No, I
was getting credit. After that, starting in probably July or August, I
started getting actual electric bills again. And how much are those electric bills compared
to what would normally be an electric bill? Give me an idea. Well,
for the pages I sent you, the one that's February of this year,
my electric was two hundred and one before that in January it was twenty
nine. And what would it normally be without the solar system. I'm really
not sure it would have probably been I'll say seventy five dollars more each.
So you're not saving all of a sudden, you were saving, you were
not getting bills then all of a sudden, you started getting bills. Yes,
the system went up in March. I had credits through August. In
September I started. You're talking March twenty twenty three, got it, and
you've had it since then. And then you started getting bills again when it
would be September of last year. So you only did not have bills for
March, April, May, June, July, August for six months?
Correct? What do you think is going on? Mark? His system may
be working properly. You know, February January are the lowest production months,
so you're using up those net credits. What I'd love to do is help
about take a look at his system, look at his bills and figure out
what kind of solar system he has, and see if we can't dive in
and do some Yeah, let's see what's going on. He can look at
it. That's the good news. That would be fine. It may be
working just fine. We always say wait a year, a full year from
you from when you installed to then to see what you're producing. But Mark,
I want to ask how if you could hold on? Because I want
to ask how the net metering works when it comes to electric bills and when
it comes to selling back, and when it might be better to have batteries.
But Tom, here's what we're going to do. We're gonna give you
Mark's number, and I'll give everyone his number two. But Tom, you
can call him, or we can have Kachina get your number and have Mark
call you. And he's at Probit Energy and we'll come right back to him
and more. All of your calls at three oh three seven one three A
two five five or three oh three Martino go with a sure thing Denver's best
rufer Excel Roofing dot com. You don't pay a cent until you're content.
Time for an insurance check up free, no obligation. In comparison, call
Compass Insurance paying too much your coverage at dozens of insurance companies find out now
three oh three seven to seven to one help. You'll think you're his only
customer when you choose Frank Durand the real estate Man dot com to list your
home with Remax Alliance three oh three nine two zero sixteen twenty two. Hi,
you know here, I have Mark Hunkle with Appropriate Energy dot com a
solar system dealer. They sell, they install the service, They help commercial
and residential. But I have a quick question for you here on net metering.
Now here's how I understood it. Tell me if I'm right or wrong.
On a regular day where you have a lot of production your house,
it goes to your house and then you use whatever you need to use.
In fact, if you use all of it, you use all of it.
If you use all of it and still need power, you automatically get
from the grid and are charged for it. Then when you don't use all
of it coming from the sun, or if you're not home or whatever,
then the excess is sold back to the grid. Is that how it works
or not? Mark yep. Essentially you're correct. Any excess is sent back
through that net meter, and that net meter reads it going forwards and backwards,
so it's a bi directional meter, and anything sent back is stored as
a grid credit. And so in these winter months when the production is not
great, you're pulling from those credits, and that's a net that that's basically
what net energy. So you're pulling from those credits. Then how do batteries
play into it? So batteries have gotten a little more interesting because we've got
really expensive energy that we have to buy from Excel energy at certain times of
the day, yep. And if you're not producing enough energy, you could
pull from your battery and charge your home during those high rate times. If
your system's not producing enough an offset that what is it twenty one cents of
killoot hours. Now, if you sell to the grid during the high killowat
hours, do you get more money for you for what you're selling. It's
a net credit. It's not they shore up at the end of the year.
But let's say you pay an average of fourteen and a half cents for
a kill a lot hour. Excel reimburses you for that energy at the end
of the year when they true up in about three or four cents. So
it's not a it's not an investment, okay. But now some commercial systems
have been able to turn a little positive cash flow on it. I want
to know this. Is it impossible for residents to do that? Is it?
Is it not worth it? In other words, residents, you just
get your power and that's what you need. Don't worry about turning a profit.
That's what I would do, because you're the ROI is out there to
add excess panels. It's not a money maker. Someday it might be because
they are going to need those homeowners and those batteries to use their power to
agree. Mark Conkle, thank you probid energy dot Com three six two three
fifteen thirty one. Now, surely, on this tax thing, I had
a quick question. You said, for thirty years, he hasn't filed taxes.
He died a few days ago. I want to ask some quick questions.
You said he did not file, but you did not say he did
not pay. So did he work and did they withdraw taxes? But he
never filed to get a refund or filed to pay more? Was he working
where they would withdraw taxes? No, he he was receiving social Security disability
and a small pension. And I don't wait, wait, wait for thirty
years. Much he was getting for thirty probably, I'm going to say most
of the time, and maybe that's when he stopped paying. Is that when
he quit work? I don't know. We haven't gotten that far into everything
yet, but at this point, all we know is that he probably didn't
pay for twenty thirty years, so social Security disability and what other income got
a small pension in addition to that, right, and where was that from
the dember water? Okay? Now, so okay, so you want to
know do you pay where their taxes do on that? That's what I'm trying
to figure out. And when it comes to social security disability, there are
some guidelines on that the benefits have to exceed a certain threshold. Do you
know how much he got? I do not. We haven't gotten that far
into everything yet. We're still starting through papers. Okay. In other words,
here, let's put it this way. The worst case scenario is eighty
five percent of those benefits would be taxable, or fifty percent would be or
there's a certain amount he wouldn't pay tax on, so that's going to count.
And then on pension there they're taxable. I'm unless, of course,
he had a special tax free one. I'm Tom Martinez. We have more
coming up. Hold on go with a sure thing Denver's Best Roofer Excel roofing
dot com. You don't pay a cent until you're content. Time for an
insurance checkup free no obligation. Comparison call Compass insurance paying too much your coverage
at dozens of insurance companies find out now three all three seven seven to one
help. You'll think you're his only customer when you choose Frank durand the real
estate Man dot com to list your home with Remax Alliance three all three nine
two zero sixteen twenty two ripped so you don't have run as a cad.
Shoot's gonna help. Come man, This is the Troubleshooter Show. No Tom
Martine, Hi Tom Martino here, Welcome to the show. Three oh three
seven one three talk for three seven one three eight two five five. What's
going on in your life and how can we help you? This hour brought
to you by Denverregen dot com. If you're looking for that weight loss supplement
not supplement drug Semaglue Tide, they have it for two hundred and fifty bucks
a month. That's with doctor consultations and all of the drugs and supplies.
They're once a week injectibles. It's the unbelievable price of two hundred and fifty
a month Denverregen dot com. As always, of course, check with your
doctor before you go on any weight loss program and you can talk to their
doctor. Two. Uh, let's let's talk to our one of our estate
planning experts, Dan mackenzie McKenzie law about Shirley, and Shirley basically has a
question and Dan, I'm gonna ask this question because you can't possibly know about
this estate. But this guy worked for many years then retired, not retired,
but has Social Security disability and a pension from work. So for about
thirty years he's been on Social Security disability and a pension from work roughly and
never filed taxes. And she surely, how do you know how long it's
been since he filed? Who told you saw a family member? He had
told a family member. And now that he's gone, you know, people
are we're talking and trying to figure out what's going on. And he was
on SSDI. So for now, what we think is when he stopped working
about thirty years ago, went on SSDI and a pension, he wasn't filing.
How old was he when he died seventy one? Jeez? Okay he
had and he hadn't worked since forty years? Right, wow? For around
that. Yeah, So here's the quick question for you, Dan mackenzie.
Since you do a state law, does the irs put do they put leans
on the states? Uh? No, but they might, I mean part
of the process that there's a prodate going on, is letting the i R
s know that you are now the fiduciary and that they should be contacting and
dealing with you on tax issues related relating to the decedent. But let me
ask you this, Are they obligated to contact the i R s? Do
they what? Like? For example, do they have to file an estate
return? No, they did not have to file on a state return unless
than the state taxes do There could be other reasons to do that, but
this is really I mean, that's a different tax and income taxes. So
basically, basically that person dies, they don't file tax anymore. If he
had been filing, yeah, I mean an income tax return would be due
for whatever income here and in the year that he died, and if there's
still income being produced by any asset that he owned, the estate could own
owe an income tax going forward. So there is still some income tax obligations
to be aware of. But for the most part, let's say the guy
didn't file he dies, his daughter took the home in a beneficiary's deed.
Can they ever come after her saying before you took that home, we should
we owed he owed us money. Can they go retroactive on that. I
don't think so. I think this is normally handled to the probably process,
and it sounds like there probably is not one, right, So surely are
you guys filing probate. No, there was a will and so the the
personal his daughter. There was nothing to be transferred as what you're saying.
No, not just minor you know, small items house are not transferable.
Those are just taken. I'm asking you, was there anything that had to
be ownership transferred? He has a couple of vehicles. I don't know how
that's going to be handled. How is that handled? Dan? If he
had less than eighty thousand dollars and no real estate. Once we've taken out
the stuff that he had the beneficiaries on, he would go into the DMV
and fill out it's called a small estate affidavit with them. They have their
own version of that and that's not probate. That is not probate. That
is just for way exactly what it sounds like, a small So it sounds
to me like they don't have to do anything. Nobody there's no personal representative,
right, Shirley, Well, his daughter was a personal personal rep on
the wheel. So she's basically handling most you know, but there is no
she didn't open probate. She doesn't plan on opening probate. Did he have
any money in bank accounts. There was a little bit of money done in
accounts that he shared with his daughter, so she they were both on the
accounts. Yeah, so if they're jointly owned, which they probably are,
then yeah, she's now the owner of those accounts. So that's what you
don't see. You don't see basically anything coming up, do you. I'm
not. I mean, I guess you know. I would always I'm not
necessarily an income tax experts. I might recommend that you confer with an tax
attorney, but I don't. Usually the probate process is where creditors go to
get satisfaction. So I guess the I r S. You know, creditors
can open a probate process, and the I R S is potentially a creditor
here, so they could open a probate process, I suppose, but there's
really nothing going through that process, So I just I don't know. So
if you don't open a probate and everything is outside of probate, there is
no person or air that has to contact anyone about anything. No, Yeah,
creditors, it's up to them if they want to start that process.
Surely it sounds to me like, you guys, just why was this concerning
you personally? Surely? Why you Well, because I don't think there should
be loose ends, especially when it you know, as they go through this
process and start. Who doesn't sound like there's any loose end after here?
Yeah, after hearing that he hadn't filed taxes, of course that's the concern,
you know. Oh yeah, but there's no leans. They were never
coming after him to collect. No one ever bothered him. I don't I
don't see anything going on here. And uh and basically, uh, you
know, there's no estate. I mean, there's no probate. Everything passed
on. Uh. The cars will be a small estate AFFI David, And
that's outside of probate. What kind of cars are we talking about, Shirley.
Oh, they're older cars. They're probably not worth more than five six
thousand dollars a couple of them. Okay, what do you guys plan on
selling those? Well, right now his sons are are dealing with that.
Okay, this is so new that everybody's trying to figure out what to do.
And well, you know, by today's standards, at least, I
like to believe this seventy one is not that old. I'm seventy, so
you know, was it sudden. No, he's been ill for quite a
while, okay, and he just you know, well, surely my best
to the family, and listen, Dan mackenzie. If you need questions,
if you need answers, if you not need questions, if you have questions
and need answers, you want to talk to someone, I'll give you his
number. He's uh, it'schaic law eight three three CO plans and that's eight
three three CO for Colorado co Plans and then the website co Plans dot co.
That's co Plans dot c. Oh. Remember, folks, a lot
of times that is one of the reasons, not a lot of times,
all the time, it's the reason not to have an estate that goes through
probate is to avoid any problems like this, people putting claims. Again,
it takes an estate plan to do that. And that's what a lot of
people don't understand. Three oh three seven one three eight two five five.
So we have more coming up right after this. Go with a sure thing
Denver's best roofer Excel Roofing dot com. You don't pay a cent until you're
content of time for an insurance check up free, no obligation. In comparison,
call Compass Insurance paying too much your coverage at dozens of insurance companies find
out now three all three seven to seven to one. Help. You'll think
you're his only customer when you choose Frank durand the real estate Man dot com
to list your home with Remax Alliance three all three nine two zero sixteen twenty
two. Hi Tom Martino, your troubleshooter. I need a TikTok expert to
find out why I got my ass kicked off. I was on TikTok oh.
Well, I had a vacant, empty account for a while, and
then I decided to post some videos. I post three videos and get I
get banned. I go to log on, it says account suspended. Then
I say, you think you can't log on so you can't ask why.
I had no idea why. The videos were about banks shutting down accounts for
so called cyber security or fraud. They just shut you down and then they
say, well we suspected fraudulent activity. But then they never tell you what
that fraudulent activity is, and then some other meaningless videos they had nothing to
do with anything, and I get shut down. Anyway, Rodney, you
got a question on dating a house? Hi? Rod what's happening? Hi?
Yeah, Tom, I'm eighty five. I've got a house. Damn
you. Old people are calling me today, Rodney. I don't talk to
people older than me anymore. That's my new rule. Anyway, So listen.
No, I'm serious when I say this, and you probably sound you
don't sound eighty five. I don't know what that means. I swear to
God, I don't know what that means. But anyway, keep going.
Well anyway, the house is in my name. I bought it several years
ago, twenty ten, and he just want me to beat the house over
to him. Who does who? Son? No, No, don't do
it. That's that's the wrong way to do it. He will. You'll
ruin all of your tax benefits, all of them. Okay, Can I
can I explain? Why? Go ahead? First? I want to ask
you, why does you want the house now signed over to him before you
die, so that it would avoid assume probate? Okay, and your son
I don't like using this word. He's a moron. Well, no,
that's insulting my YouTube people. I call it aone. No, your son's
not too smart there when it comes to that, let's put it that way.
What did your son do for a living out of curiosity? He's a
self employed photographer? There you go, right there. He's an artist that
tells you everything right there. Hey, on a serious note, Rodney,
what did you buy your house for one? One fifty? I think it
is. What is it worth now? About three seventy? Okay? Now
how long you got left? If that's the will hold on your three fifty.
Let's let's just figure this out. Let's let's say it goes up to
four hundred. It's going to but okay, and you bought it for one
fifty, So now you got two hundred and fifty in gain if you If
you give it to him now, he'll have he'll have to go back to
your basis if he ever wants to sell it. Even if he keeps it
for ten years, it'll be worse. No matter how long he keeps it,
his original basis in that house will be one fifty. Bad news.
Okay. Now, if you want to avoid probate, which is a good
idea if you can, there's nothing wrong with probate. But but you you
really can avoid probate. Sometimes you can. But let's say he wants to
avoid probate, you do it beneficiary deed. A lot of people call them
life's estates, and other states they call them ladybird deeds. What it means
is it's Rodney's house. Rodney can change that beneficiary's deed to maybe a new
girlfriend if he wants, or back to his son. He can do whatever
he wants. It's not irrevocable. But you make a beneficiary deed. Your
son doesn't need to prove it. No one has to approve it except you,
and you put him on it on the day of your death, which
I hope is many years in the future, because you're old enough now to
be president. You could Rodney in the future when you pass, your son
will automatically have that house outside of probate already. Then it's valued on the
day of your death. So let's say it's valued as we said, let's
say it's four hundred. Then if he sells it, what's he going to
sell it for or for one or four to five or whatever, four hundred
and five whatever, and he's not going to have any taxes hardly any or
if he keeps it for five or ten years, his basis will now be
four hundred thousand instead of one point fifty. Do you get that? Yes?
Good, there's your answer. Get a beneficiaries deed. And instead of
don't let your son do it he's an artist, you do it. Call
mackenzie law. It's a lumber. Yeah, it's eight yeah, yeah,
you got to know. Okay, it's easy and cheap, but that's what
you do. What else do you own, Rodney? Maybe you want to
leave something to me. No, but really, but seriously, what do
you own? Like let's talk about probate and avoiding. What do you own?
Well, I've already I've already I sold him my car because I was
in the car accidence in last January and I had to stop driving, yeah
Ruber in August. So I still drive the car, but he sold it
to him so I can drive it. But other than the house, I
really own just the household goods in the house. That's it is your house
paid for? No, I think it's about about now is a balance?
Okay, Now here's the deal. You you shouldn't need any probate. Then
you don't have a lot of money in the bank or stocks or bonds or
anything. Right you can put right now, you can put payable on death
certificates on you can do payable on death certificates on those. Okay. Now
another question for you, Rodney, what do you do for your health?
I have been a care No, no, I'm talking about why do you
sound so spry? Are you in good health? I'm in good health?
Does that work every day? What do you do? I help companies return
money from the government on the program where that they received five hundred and seventy
three dollars per employee, and we give them a health product on top of
that. And every wait a minute, you're not talking about that, that
that COVID tax credit crap, are you? No? No, no,
no, it has nothing to do with that. What is the five hundred
and something for you? Got my curiosity? That is that is a that
is a return of It goes through the payroll taxes of the employee. Yeah,
and it is a it's called it called the Champion program. And what
we do is I contact companies and they are returned five hundred and seventy three
dollars per employee every year. So if they have one hundred employees, they
get uh. But for what reason, though, Rodney, I don't understand
why does the government return five hundred and sixty dollars per employee? Why that
comes out of the payroll taxes? I I really uh don't go into the
details. So are you telling me that anybody's a business with employees can do
this? Anybody with employees can do this? Yes? And the name of
the program is what it's called the Champion program. Okay. And then and
then on top of that, you become their champion because you're doing this.
Uh. And then as a result of that, you sell them health insurance
or what. No, No, no, we don't sell anything. We
give them a health product, the supplemental product, and it covers a lot
of things that their uh permanent insurance does maybe not pay. Or they can
use this program instead of using their regular health insurance, which would raise the
previous if they use it. But then you but you are selling that supplement
then right, No, we're giving that to them. There's them there's no
sell to it. It's just including wait wa wha, wha whoa, whoa,
whoa. Wait wait wait wait wait, what do you mean you're giving
it to them? Well, we sign them up for this program free of
charge. If they have a say a car dealership that has a thousand employees,
they would reach about a half a million dollars every year in refund.
I can send you some information on it and you take a look. Okay,
I get the refund part. Now I want to know this supplement part
that you give them free? What does how do you do that? I
mean, what what is the incentive for this health supplement? Whatever it is?
What is it? Is it a literally just say what it is?
This is free advertising for you. What is it? It's just a supplement
that includes When you say a supplement, do you mean an insurance supplement like
where you put claims in. Yes, and you get money back for those
claims. Well, they get money back on the on the insurance. If
they have a health situation, they get it's paid for it, by the
way. But if they're not paying for this program, how is it possible
this supplement possible? Hey Rodney, I don't mean to stump you, bro,
but you these programs, you know you're explaining and you called it the
Champion Program for the money. But it's not connected to this other one,
right, they're two separate things. No, it's all included in the one
program. Well, one program. But what's the health supplement called what's that
called? That's that's called the Champion program. That's called the Champion program too?
Yes, And what company sponsors this program? Do you don't mind talking
about this? Are you right? I mean, I'm just fascinated by it.
No, it's it's our company is called Tax Advocates that I work through.
And as a result of the the program that we have, as I
say, if if a if a company has any more than ten employees,
they qualify to join the program. And one of my associates just sold the
company with twenty two thousand employees and they're receiving seventy eight million dollars in refund
Oh come on for a large company. Fantastic. Because does the Champion Program
have a website? Uh? I don't know if anyone's finding this fascinating,
but I am. Yeah. Well let me uh see, just like people,
this is what somebody on This is what some people are feeding back right
now by text and on YouTube. They're saying it sounds now I'm not telling
you this, rod asked, where to you? It sounds like a scam.
It sounds like there's got to be a catch. What is the catch?
No, I understand, but what are we not hearing? Well?
The Champion hialth is it? What it is? Is it? It's called
Champ plan? If this is what I'm finding out now when I've been searching,
a self funded employers, employer sponsored plan that supplements health insurance. Right,
It's designed to provide additional options for healthcare cost to employers, and they
can implement it and save on FIKA taxes if they implement the Champ Plan.
Employees voluntarily enroll and they contribute through a tax, a pre tax payroll deduction,
and these deductions lower the employer's cost. You know what, I got
to tell you something. It's important to note that this program is not the
employee Retention Credit. It's not that. No, it has nothing. Okay,
Now, I'm going to tell you something. Very seldom, and I'm
very serious when I say this, very seldom do I ever hear anything new
ever. Now, why the hell, Rodney, why the hell haven't we
heard about this before? This Champ Plan? Well, it's been around for
a long time and one of the one of the people that is on it.
And we have a list of companies that are already on it, and
one of them is the Pickley Wiggly Stores. And who do you sell to?
I go to businesses, any any business that wants to save the money.
But here's what I want to know. They say, it's a self
funded employer sponsored health supplement plan. Okay. It supplements traditional medical insurance so
they can carry They not only save doing this, but they save on medical
insurance because they can get plans with higher deductibles and stuff right right right,
rod. And it covers preventive services for adults eighteen and nog and we have
preventive services for women. Okay, I need to get someone on from your
company to talk about this on my show to do that, and listen,
I'm not trying to trick them. I'm truly trying to I'm looking this up
and there's nothing there. It's all. This is also called a qualified Section
one twenty five plan. Have you heard it called that? Yes, it's
funded by employees. They take out now employees have to up and pay for
it with pre tax dollars and then the company. Because they're saving the money,
they pay back the money that the employer pays employee pays whether But that's
why there is actually no out of pocket cost for anyone employee. Okay,
listen, man Rodney, leave your contact information and then tell us who we
can call at your company to find out more about this. No, I'm
serious when I tell you this. I very seldom hear new stuff, and
it does sound. It sound as scammy at first, and then all of
a sudden, bingo, I hear something like this. We got more coming
right up. Go with a sure thing Denver's Best roofer Excel Roofing dot com.
You don't pay a cent until you're content. Time for an insurance check
up free, no obligation. In comparison, call Compass Insurance paying too much
your coverage at dozens of insurance companies find out now three all three seven to
seven to one. Help. You'll think you're his only customer when you choose
Frank durand the Real estate Man dot com to list your home with Remax Alliance
three all three nine two zero sixteen twenty two. Hey Tom Martino, you're
troubleshooter. The more I'm reading about this plan one twenty five plan, this
Champ plan, the more incredible it sounds. For I would say, you
got you know, medium to large companies. The government has established us.
I knew nothing about it. The government establishes it. It's kind of like
a medical savings account, but it's sponsored by the company. Employees put money
away pre tax to supplement their health insurance, and then on top of that,
the employer gets a credit for implementing this plan up to five hundred dollars
per employee or more. No, seriously, if you have one hundred employees,
think about that. Put the zero's in the right place. That's fifty
grand, right, I mean, that's better, as they say, than
a hot stick in the face. Also, I'm asking you to find out
why I've been banned from TikTok. I need a TikTok expert. So if
you have a fourteen year old, let me know, have them call me.
Anybody who's an expert on TikTok. Seriously look them up, Kachina.
I want to find an expert. Let me see if I can get my
daughter on okay, or or we could like get a firm that calls themselves
a social media expert and some of them actually call themselves TikTok experts. And
again people have asked me, and I've said it before, but I'll say
it again because I'm getting the inquiries on my texting. You can text,
I should give that number one. You can text five seven seven three nine.
By the way, five seven seven thirty nine. That is our text,
okay. And anyway, they've asked me to tell them about the videos.
I'll do that coming up. There were specific videos that I did for
TikTok O. Well no, no, not just for TikTok. I did
them on other platforms, never had a problem. But on TikTok boom Band.
I don't understand it, folks. I don't know which one triggered it,
but that's what happened to me. So can someone tell me why?
Anyway? Meanwhile, your calls three oh three seven one three talk three oh
three seven one three eight two five five. If you need help information referrals,
give me a call. We have more coming up, and I want
to tell you about frankaranderealestate man dot com, who does free market valuations of
your home and in this market, that's what you need. It is absolutely
no gimmick. He will give you a complete analysis of your home, what
it will sell for, what you will clear, and what you can buy,
all free of charge. Three oh three nine two zero sixteen twenty two.
Francd around the real estate Man dot com. Go with a sure thing
Denver's best roofer Excel Roofing dot com. You don't pay a cent until you're
content. Time for an insurance check up free, no obligation. In comparison,
call Compass Insurance paying too much your coverage at dozens of insurance companies find
out now three oh three seven to seven to one. Help. You'll think
you're his only customer when you choose for durand the real Estate Man dot com
to list your home with Remax Alliance three oh three nine two zero sixteen twenty
two. Hey Tom Martino here three three seven to one to three talks seven
one three eight five. I'm getting a lot of feedback about the TikTok.
I got some texts. I got an email from Deputy Chopper. Okay,
first Deputy Chopper, what are you kidding me? I did not I'm not
underage. There could be an overage. Who knows what? Anyway? Impersonating
another person. No showing real world violence or torture. I hadn't planned on
doing that right now. I was gonna wait and then sharing inappropriate content that
promotes bullying, drugs, alcohol, nudity. Well, I did do my
post naked. I forgot to tell you guys that I was naked sitting on
the desk, but I had my legs crossed, so that could be the
reason. Violent or graphic. Of course it wasn't spam. I don't know
misinformation. You know you could disagree with me on stuff network marketing. No
having kids in your content? What are you kidding me? I see people
with their kids and their content every single day. What the hell you have
to tell them? What I told you? Hayley told me to tell you
shut up. So she gets Katschina calorie, She gets her daughter on as
an or talks to her daughter off the air as an expert, and the
daughter says, first of all that one of the reasons could be that the
accounts set idle for so long and then all of a sudden I started posting,
so it was suspended. Now you would think once I start posting it,
I would think, good, he started using it. But that could
be suspicious. The next thing that was suspicious or not suspicious, but she
had the expert, had to say. The TikTok expert Katschina Calorie's daughter,
so I'll call her Kachina light. She said, I'm too old for TikTok
and she'd go to reels on Instagram. Well, thank her for her expertise.
Now, I I do agree, by the way, that I think
it's stupid when you go on TikTok and see these old farts trying to dance
and sing like the youngins. You know, I mean, come on,
I mean truly, you have to know when to fold them right. You
gotta know it. Hold on, hold on, that's not exactly what she
said. She said I'm too old. No, she did not. She
said, at his age, it would probably be more apt to use reels
on Instagram. Well, okay, then interpret that for me, dragon,
Dragon? Would you interpret that for me? Your old ass needs to use
a simpler program. It's not the program she meant. She meant the audience
right, did both good? The Instagram is atle bit easier. You don't
think I'm technical. You don't think I'm technological? What are you kidding me?
Come on, push buttons. Here's the other thing. Here's the other
thing. I just want to say that I do agree that TikTok, but
I don't go on there and dance and sing and do that crap. I
went on there and gave consumer information. I thought, hey, that's pretty
credible if people want to learn something. But maybe it's not the form for
me. Maybe I should just give it up. I don't know. I
want an opinion. I'm Tom Martinez. We have more coming up. Get
your calls in okay, three oh three seven to one three talk Go with
a sure thing Denver's Best roofer Excel Roofing dot com. You don't pay a
cent until you're contenth Please time for an insurance check up free, no obligation.
In comparison, call Compass Insurance paying too much your coverage at dozens of
insurance companies find out now three oh three seven to seven to one help.
You'll think you're his only customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three oh three nine two zero
sixteen twenty two. Yeah, real dum, What hadn't you didn't need advice?
So you don't have the come running just as as as we can.
Shooter's gonna help come man Dix is the Troubleshooter Show. No Tom Martino.
Hey, I'm Tom Martino. Welcome to the show. Let's talk three all
three seven one three talk three all three seven one three eight two five five.
So a few things we've been discussing today, and one was the section
one twenty five plan that a caller brought up. When I asked, it's
for the hell of it, what do you do for a living? He
says, I sell these plans to companies and or I get them signed up.
And apparently these companies have no clue they can save money on this and
do do supplements for health insurance and all that crap. Anyway, so hey,
by the way, Kaschina, is this okay? Kyle's different than I'm
sorry, Kyle's different than Rodny. Rodney's the one that called about this.
He's eighty five years old. He said, Y, I work, I
still work. And he had called originally about signing his house over to his
kid to avoid probate, and I told him bad idea, to a beneficiary
deed instead. So you get the stepped up basis on your house and if
guys ever need add accurate information, please call me on it. There's so
much misinformation on inheritance and on a state law. But anyway, let's talk
about this. Then he talked about this plan. I'm trying to get some
experts on about it. But look it up. It's not a scam Section
one twenty five plan. You literally can have a plan for your company where
your employees put money into a tax saving like a health savings account. It's
not an FSA. Okay, just keep that in mind. It's not an
FSA. It is truly something different, and then you get credit when your
employees go on it as well, so there's no out of pocket expense.
I mean, it's just incredible to me. It's really incredible to me,
and we're going to try to find out more about that. I don't know
if John Jones knows about it at Integer Insurance, but they bill it as
John Jones Seniors on Good Things, Good China. So John Jones, uh,
do you know about a Section one twenty five plan? They bill it
as a supplement to health insurance self funded by employees with pre tax money.
Do you know about it? Tom, when the Affordable Care Act was passed,
I know there were ways, and there was through a Section one twenty
five, and the state took a very dim view of it back then,
where they were trying to sell non qualified health insurance plans to employee groups in
the state at one time, and the outlaw these you know, these particular
type of plans. Well, I don't know how you outlaw them. They're
a federal government plan, understand, But I mean, how does the state
say we don't want the federal government to offer place. It's like outlawing a
four oh one K understand, But the state did not warrant because of the
Affordable Care Act. They took a very dim view of it. So I
have cared about them. What's happened to them? No, I haven't heard
anything about them in the last five or six years. Probably okay, because
they're not billing it as a substitute for health insurance. Understand They're billing it
as a supplement to health insurance. Yeah, for high deductibles and all that.
But it sounds to me a lot like an FSA. But it's not.
That's correct, but I mean it's completely different. I don't know,
Man, I'm fascinated by it, but in any case, I don't know
as much as you do. Have you ever have you ever heard of people
doing it? No? I mean there was a group out of Utah that
we had taken a look at once again, this was six seven years ago,
and they referred to it as a Section one five to allow us to
get around the exemptions of the state to go out here. Here's what it
says. Here's what it says. Under the law, employees can choose from
a variety of benefits to pay for these benefits on a pre tax basis.
This includes health insurance premiums, qualified out of pocket medical expenses, and even
daycare, and it's paid for it from the Section one twenty five plan.
It is not the same as an f say by the way, I'm adding
those words. Here's what it says. In fasay is a specific type of
an account that falls under the umbrella of a Section one twenty five. It
is another kind of one twenty five where you contribute pre tax dollars and eligible
for healthcare expenses like cope's deductibles, prescriptions, dental care. What I don't
understand is this employee employer credit for each employee that signs up. The federal
government gives them an incredible credit for each employee I mean like five hundred dollars
each. Yeah, that's what I heard when you were telling I've never heard
of that. Yeah. Okay, well, thank you. We didn't get
you on just for that. We also have another one. Kyle had called
in yesterday, and basically what I want to ask you is this, Well,
since since all plan bes is that what they're called for drugs? John,
are you asking me? Are you're asking cal when you say I'm asking
you John? A plan? Is that what they call these? I mean
you're you have a you have a code pay, you have covered expenses,
whether it be formulary or non formulary, depending on the plan you have.
Okay, but D is a drug plan. Okay, that's that's like you
have any Medicare Part D plan, right, because you're on original Medicare.
I get it. I get it, And that part deep and pays for
certain drugs and certain copays and certain things a certain right, So that plan
D. Are they all the same, John? Or can you get a
D that white pay one hundred percent for one drug and not pay for another
Okay, to give you an example real quick, Tom, because particularly drug
that Kyle was talking about yesterday. I'm not talking about Kyle right now,
as I always like to do first, and then we'll go to Kyle.
I just want to talk in generalities. Are all Plan d's the same or
can you literally shop for ones that cover different things? You can shop for
ones that cover different things to an open enrollment. But why wouldn't all d's
cover the same approved drugs? I mean, I don't understand that part of
it. Why is it just that they don't want to pay for certain things?
Every depending on the tier, has to have at least two drugs covered
by Medicare. So in his case he has well going back with down talking
about Kyle, No, we can talk about him in a minute here.
I just wanted to know in general, not all d's, even though they
all play by the same Medicare rules, they different d's will cover different things.
Correct, Okay, Now in his particular case, Kyle and anyone on
Medicare advantage, do they also require a Plan D or is that built in
most of the plans where I have Medicare D plans are rebuilt in Okay,
and in his case, he has Medicare advantage and he switched from United to
Umana and he says under the new plan, his his inhaler is only partially
covered and he has to make a copay and he's upset because he said United
used to cover it one and he said both companies aren't they supposed to do
exactly the same? Go ahead? No, No, because what Human has
done is they've taken that particular drug and they've now raised as a Tier three.
So that's why his copay is higher. But why is it? John?
A quick question, and this is what some textures have asked me the
same thing. Why would one company call it one tier and another company call
it another tier? Isn't it Medicare itself that decides the tiers? No?
Okay, a company can sidne what tier they want to put in. They
can change that tier at anytime in the in a calendar year, so you
can start off maybe tier two, and am I go up to tier three?
Can they decide not to cover it at all? No? If it's
a formulary style drug, then they would have to appeal that through Medicare.
For whatever reason they decided not to cover that particular drug. So, Kyle
Medical, what do you have a question for? John Jones? He's quite
well versed in this stuff, man, he's really good. I sent John
all my information, right, So what is your question though, because John,
you don't see anything inappropriate going on? No. The only thing and
what I told Kyle when I spoke with you yesterday, and he's doing everything
right. He's trying to get an exemption, and he's contacted Humana and he's
trying to get an exemption. And his doctor, now I guess, has
got whatever forms he needs to fill out to say if they can bring that
back to a tier two because I think Kyle told me they had now raged
a tier three. Now why would a company? Why would a company?
And if they did it for Kyle, would they have to do it for
everyone? Sure? Well, why would they do that? I mean it
seems to me they're saving money by making him make a copay. Why would
they change that? See if that cope is gone tremendously out from what Kyle
told me versus what he was paying with you United, right, Well,
what I'm saying, That's what I'm asking you though, What incentive would an
insurance company have to grant an exemption. Then I don't know. I mean,
he's got that white just like he's got the right to go with mine,
get it. But what I'm telling him is he's wasting his time.
They're not going to change. I've never heard an insurance company under an appeal
change their mind ever. I never maybe you have, John, I've never
heard of it before. Well, to give you an example real quick too,
Tom, because the exact same drug that Kyle was taken, they had
to get on it. My wife. Oh and when she filled out that
drug cost over at King Supers, it was fifty seven dollars. Okay,
Yeah, Then she came back. She didn't have time to check, but
she came back and looked at it through other preferred pharmacies that we have on
our plan, and she could get that drug for as low as twenty one
dollars through another pharmacy at another store. So in Kyle's case, Kyle,
and correct me if I'm wrong. Kyle, you want to do a mail
order and that's where they've charged you the higher price. You mean he could
go to a drug store and save money a pharmacy. No, Now that
he's going to have to call and key Mantle on that and see if there's
any of the carriers any other pharmacies under his medicare advantaged plans where he could
became old maybe selling money on that drug. All right, now hold on
us. So Kyle, who you know? I would continue to work with
John Jones. He's wonderful an integer insurance. But John, I need to
take this break. But I want to hold you over to ask you a
question. Plus we have Davon who wants to add to this comment or talk
about also the other guy, Rodney, who was selling this section one twenty
five plans. So hang on, I'm Tom Martino three oho three seven one
three talk three oh three seven one three eight two five five. Waterpros dot
net the best water systems, the lowest prices. You will love them.
Don't buy these other conditioners and softeners that don't work for fifteen thousand dollars from
a lot of plumbing contractors. Water Pros has them for about three grand.
Waterpros dot net. Go with a sure thing Denver's Best roofer Excel Roofing dot
com. You don't pay a cent until you're contenth time for an insurance check
up, free no obligation. Comparison call Compass Insurance paying too much your coverage
at dozens of insurance companies. Find out now three oh three seven to seven
to one help. You'll think you're his only customer when you choose Frank durand
the real estate man dot com to list your home with Remax Alliance three oh
three nine two zero sixteen twenty two. Hi Tom Martino, your troubleshooter three
oh three seven one three talks seven one three eight two five to five.
Dave has a comment on the section one twenty five plan that we've been talking
about as well as health insurance and UH anyway, Dave, go ahead.
We were discussing this plan that was first brought up by a caller about UH
pre tax money being put away to supplement health costs and how employers can get
credits for it. Go ahead, Dave, Yeah, So Tom, I
hope you're doing well. So I'm involved in a plan. I'm not sure
if it's the same one of the other guy's dealing with. But our plan
is a wellness plan, and so employers can install this at a zero net
cost to the employer. The employees receive a forty point award winning wellness program
that covers physical, mental, financial, and family health. Does it replace
health insurance or is it a supplement? No? No, no, it's
one of the requirements is they have to have a group health plan in place.
Okay, so, and we're not looking to replace that. But the
wellness program. Part of the financial benefits is the employees received at a zero
net cost to them a permanent, guaranteed issue life insurance policy with cash value
and living benefits. But how do they get this that net zero can cost?
Okay, So the benefits are paid for through payroll by the employees and
it's it comes from FIGHTA savings. So that's where the employer is saving on
average five hundred and it can go up to as much as one thousand dollars.
Why is there a fight credit Why because it combines a couple of things.
The section one twenty five, the section one oh five and the section
two thirteen D and those are IRS codes. Now, the last Gentleman was
talking about these being out several years and the states were frowning them. It
was actually the IRS that was frowning upon them. And so what happened was
these companies were out there hawking these wellness programs and they were matching them with
indemnity type of health plans, and the IRS was saying, look, you're
double dipping here with the indemnity program. You know, if you go to
the doctor, let's say, and don't use the entire amount of that indemnity
benefit, the employees would receive the difference in the payout of the benefit versus
what was charged. And they weren't paying taxes on it. So the IRS
had frowned upon it. Now there's non compliant programs that the IRS came after,
and then there's compliant programs, which this is. So what it kind
of combines an HR So the employer can reimburse the cost of that of this
of this benefit. So the employees their net pay prior to installation of the
program does not change after the program is installed, so their net pay does
not change. But if so, it's okay theoretically the theoretically the employee is
paying for it out of their paycheck, but they're getting reimbursed. Absolutely,
Yeah, who reimburses them. The employer reimburses them to the degree that whatever
is being charged. So and does the employer make money as well? They
save money and and and yes, they make money. Because it's a bottom
line savings, okay, and it's a safe So when I if I show
that I have one hundred employees, let's say, on this plan, I
pay so much less for my FIKA exactly. Yes. And is that the
government's way of incentivizing this, Yes, it's it came out as part of
the ACA plan. And and but why don't others? Why don't all corporations
take advantage of this? A lot of them don't know about it. Now
here's another question I have. Do you have to have a certain participation level?
Do all employees have to agree to it? In other words, if
I had one hundred employees and only one or two of them used it,
would I still get incentives on those employees. Yes, you would. However,
in most companies now with their health insurance plans, there is a wellness
program in many of these group health and insurance plans, but it's costing the
employer something, okay. And with our wellness program and also the participation level,
would the employees that you just mentioned with a typical wellness program offered through
their health insurance, we're seeing that participation is like twenty percent of the company
with our plan we're seeing over a ninety percent participation rate. Why is yours
different? Because of the benefits that are involved. You think about a lot
of these companies and just look around your station. You know, there's some
people out there that may have medical issues that they cannot get a life insurance
policy. Now within work benefits, there's typically a term life insurance policy that's
offered through the company, but when they leave the company, that term policy
ends with this program, that permanent life insurance can go with the employer.
And when you say, when you say this program, what is this?
It's called the Oasis three sixty Wellness program, So so basically it's not part
of the Champ. So you guys all give your own names to these programs,
right, yes, I would think so, yes, there are.
In other words, in other words, that's what i' that's what I'm finding.
I'm finding these companies are taking these plans, this one twenty five plan,
and they're putting their own spin on it. You're putting Oasis on it,
and the Champ those people whoever they are, they put the Champ name
on it. It's actually a section one twenty five plan. And you guys
have figured out a way, And I'm not saying this in a negative way
to capitalize on it exactly and doing it in a compliance way. No,
I get it. I get it. So let me ask you straight up,
then, does a company like yours compete with a company like Integra Insurance?
You? Actually, they would be. They would be a great partner
for somebody like me. Okay, it would be a fantastic partner for somebody.
So what you're looking So you're saying any company that offers a health insurance
plan would lose nothing by offering this as well. Yeah, there's no downside
to it because it doesn't cost it doesn't cost the employer any money to install
the program and the employee. They're just adding benefits. And they're adding some
benefits that can help with hiring and retaining employees, which is such a critical
Uh No, No, I get it. So yours the guy that called
before, the older guy. He worked for Champ, You work for Oasis.
How many other companies are out there peddling this? I don't have an
answer to that, Tom. I got involved with this several months ago with
well, Dave, Dave, are you the Dave? Are you the Dave?
I've talked to in the past. Yes, I am, yeah,
the pilot. Dave. No, I'm not a pilot. No, okay,
then I'm confusing your voice. Never mind, I mean, I mean
that's okay. So what have we talked about in the past. We've talked
about tax mitigation, right right? Leave leave your contact information with me,
Dave. Thank you very much. I want to go back to John Jones.
I let me ask you Dragon, I need to take this break,
right Is this the thirty break coming up? Oh? Kay, let me
do this John, hang on, we got more and leave your contact information
Dave for Kachina to get that to me. I appreciate it, and then
we'll talk more in the future. Eight eight eight Heating dot com the risk
free service fee twenty eight bucks to service any one item in your home the
toilet, the water, heater which would include a flush, the furnace,
whatever you need, the air the one item serviced, whether it be electrical,
plumbing or heating and air. And then if you need more than twenty
eight they credit you that twenty eight bucks. So you hit the basic service
for twenty eight three oh three seven seven zero two seven seven six go with
a sure thing. Denver's Best roofer Excel roofing dot com. You don't pay
a cent until you're content time for an insurance checkup free no obligation. Comparison
call Compass Insurance paying too much your coverage at dozens of insurance companies find out
now three oh three seven seven to one help. You'll think you're his only
customer when you choose Frank durand the real estate Man dot com to list your
home with Remax Alliance three oh three nine two zero sixteen twenty two. I'm
I'm just going to say this right now. If Trump asked me to be
his running mate, I will not do it, not because of him,
but because I just don't want to be anybody's running me. All right?
Would you make a note of that dragon, So yeah, I'll write that
down. If the requests come in, would you like, you know,
just tell them tongue will not be John Jones, Trump Senior with a Tiger
Insurance group. God, I've known them for years. They do health insurance.
John, you heard Dave. Now I'm getting the gist of this thing.
Now I'm getting the gist of this The five twenty excuse me, the
one twenty five plan is part of the government plan. By the way,
an FSSAY is part of that, but they moved away from fssays and they're
doing more of these integrated wellness programs and they give it a brand name,
they give it a label, and they go and sell it to companies.
But from everything I see it is it is not a scam and it can
help. I mean, it can't hurt, and it doesn't substitute health insurance.
After what you've heard, John, did you feel a little differently about
it or what. I'm not trying to get you to endorse it. I'm
just asking your honest to god opinion. Now, I think it sounds perfectly
honest with what he explained. And how's he explaining. There's just a supplement.
And I heard you ask does this hurt the integer group? No,
it doesn't hurts one bit. You can't. It's not a substitute for health
insurance. No, now, and that's what he said. You still have
to have a group health plan in order to get this particular type of plan.
And really that is what I wanted to know as far as that goes.
So, John, another thing you sent me an email, and by
the way, you do have permission to talk about this because it doesn't affect
just me, I imagine. But you said that basically things are changing when
it comes to supplements. Is that right what I said to you, Tom,
You and I being on original medicare. Yes, we can shop our
plans anytime during the year. We're not. You means the supplement plans we
can shop. Yeah, we're not limited to like the open enrollment between October
fifteenth and December seventh. Yeah. So in your case when we took a
look, because I told you I would take a look. Yeah, in
your particular case, you know, with your surgeries you've had, they're all
done now, so you'd have to go through underwriting. But there's a good
chance that we could get you through underwriting in order to lower the premium on
your plan that you now, This is why I'm asking about it, not
just for me, for those listening. If they ever want to shop a
supplement and they have to go through underwriting, the burning question is this,
what if they get turned down? Will they then be unable to go back
to what they had? No, we'd always tell them, don't you dare
drop that plan until we know you've been approved, and are the supplements that
you shop relatively the same. In other words, are all we talked about
D plans being different? Can g's or supplement plans be different. No,
they're all standardized from carrier to carrier. If they're standardized, my question to
you is why would one be so more expensive than the other. It's up
to the insurance company. It depends because all the insurance companies, their box
of business are based on ZIP codes like eight hundred eight oh one eighth two
eighto. So okay, what you're saying is this, if you can get
a Plan G for one hundred and fifty bucks a month, or you get
a Plan G for one hundred and eighty nine bucks a month, they're both
going to be the same. Take the cheaper one. As long as that
carrier has a good reputation, they have a good block built up in order
to shield that person from potential rate increases. Okay, okay, so you
know we're in an attained age right to state, Tom, so I can't
help that part your rates. Your rate's going to go up every year because
you're getting older. Well, everyone does, right, Everyone who gets older
has higher rates. Yes, so they also depending on the claims that are
fouled in your particular block or in that particular area that you're in. Could
they adjust for claim Sure, they could adjust for claims also on top of
your attained age, right increase. So my, if I did an application,
or anyone listening does a new application for a new supplement in an effort
to shave some money off the monthly payment. If they do that and they're
turned down, they still don't they as long as they don't cancel their previous
one. Their previous one has to stay in effect. Correct, and does
the new company look at the applicant and say, wait a minute, this
guy has a ton of claims and rate him differently or heard differently. They
can be right us depending on the carrier. Yes, so the premium that's
quoted for a particular company does not necessarily apply until you actually get approved.
That is correct, And that premium could be higher in the long run.
So what looks to be a savings could end up being the same. That's
correct. But obviously we'd be in contact with our clients to make sure they
know that. Okay, if there's a potential write up here due to a
pre existing condition. Now I'm going to tell you something I believe that everyone
listening can benefit from the idea that they don't have to wait for open enrollment.
That right there is good information. John and Tiger Insurance Group, Thank
you very much. Three zero three. Hey, Yeah, did you have
some Oh? I thought you had something else thembro on Thank you John,
three oh three seven one. I've heard their number. Three oh three four
six six fifty five hundred. We have more coming right up. Go with
a sure thing Denver's best roofer Excel Roofing dot com. You don't pay a
cent until you're contenth time for an insurance check up free no obligation comparison call
Compass Insurance paying too much your coverage at dozens of insurance companies find out now
three oh three seven seven one help. You'll think you're his only customer when
you choose Frank durand the real estate Man dot com to list your home with
Remax Alliance three oh three nine two zero sixteen twenty two. Hi Tom Martino
here, three oh three seven one three talk wrapping up another hour. We
have another hour to go. I want you to get your calls in at
three o three seven one three talk three oh three seven one three eight,
two five five. Have you noticed our obsession with old rock bands and rock
stars? On YouTube? They're asking if we're gonna go see Steve Miller.
I wouldn't walk across the street to Steve Ceve Miller to see him. Now,
these guys are not that old. But I wouldn't walk across the street
to see Dave Miller band or hooting in the Blowfish. I couldn't be more
bored now. The Stones, yeah, even though they're ancient, they look
and balmbed. I'd go see him for sure. And then newer bands.
Why is it that we're obsessed with old rockers? I mean some of them
as to God, you know, you got to give him credit because I
thought they were dead years ago and they're still alive. So in any case,
what good concerts are coming this year that you would go to? What
about so Dave says bare naked ladies? Okay? And then what would you
like? Who'd you like to see? Dragon? I got burned out on
concerts. My first position here in the building for over a year and a
half was the working promotion, so I did like three or four concerts a
week. So I've I've been so burned out on all of them. I'm
I'd just rather not this day. Yeah, you know what, I love
music. I love music. You can listen to it without going to a
concert, but there is something electrifying about a good concert. You know,
my kids are obsessed with twenty one Pilots and I just don't get it.
Okay, you got two people on stage with electronic music. The drummer's pretty
incredible. He's pretty good. I mean, uh, you know who?
I loved seeing Blink one. God did they put on a good show.
I always thought weird Al would be pretty fun to go too, too,
because he's got he crosses so many different genres and he's just having a good
old time. I'll tell you someone that if I went to see I may
be close to Sue Side. Who's the guy that sings Short People? Randy
Newman? Oh my god, I could not think of anyone I would less
rather see than Randy Newman. Do you like him? I like Short People?
That's his voice a song. Oh God, everything about him makes me
sick. But on the other hand, weird Al, I would never go
see him. Would you actually take you? Yeah? It's a parody of
the most popular songs. I like the parodies. I just wouldn't go.
I wouldn't go see him. And from what I'm told, he there's a
ton of costume changes. It's a whole performance and everything. Really, Paul
McCartney, he just stands there for you know, ninety minutes. I saw
Paul McCartney. He was great. You know what shocks me is on most
concerts I've seen McCartney, he always started with the Beatles song, which is
weird. I mean, I guess why not, Well, I know,
but I mean, yeah, I liked it, But he has so many
other things. Sting was good. Uh, the Eagles were great. Oh
man, they were great. Anyway, who's coming here this year? We
got more coming up. Give me a call three oh three seven one,
three eight, two, five to five. Go with a sure thing Denver's
best roofer Excel Roofing dot com. You don't pay a cent until you're contenth
Please time for an insurance check up free, no obligation in comparison, call
Compass Insurance paying too much your coverage at dozens of insurance companies. Find out
now three oh three, seven to seven to one. Help. You'll think
you're his only customer when you choose Frank durand the real estate man dot com
to list your home with Remax Alliance three oh three nine two zero sixteen twenty
two ripped dum news. Need advice so you don't happen. You come running.
It's just as fast as you can. Shooter's gonna help come MANX is
the Troubleshooter Show. Now, Tom Martino, Hey, Tom Martino here,
Welcome to the show. Three oh three seven one three talks seven one three
eight two five five in our final hour. You can give us a call
if you want to talk. Three oh three seven one three talk, or
you can call three oh three Martino three O three six two seven eight four
sixty six. What's happening in your life? There's a lot going on that
I'd love to tell you about. First, nobody knows why I got banned
from TikTok, but I think that Kachina Colori's daughter, self professed TikTok expert,
thought it's because my account was so inactive for so many years. Then
all of a sudden, I started posting. I posted three videos and then
I was banned. Well say banded. I can't even log on, it
said, suspended. So I opened a new account and now I'm going to
try it again see what happens. But I don't know why they would be
my videos. I don't think we're controversial enough, not compared to the crap
that's on there. Have you heard of the AI? Not chat bot,
but the AI? You ready for this dragon? Listen to this one,
Kachina The AI death Calculator. Ooh that sounds fun. Oh my god,
it's true. What they do is they have you answer a series of questions
like, for example, thanks, like like how often do you consume alcohol,
do you smoke? When did you start? How often? Blood pressure
medications? Age? Of course, how many times you work out? Based
on the information you provide, it says this, the death Calculator predicts your
expiration date will be September one, nineteen or twenty eighty two. However,
it's important to remember that this is just a projection. You may die suddenly
and sooner. Anyway, here's what they're saying. Some of the people that
put stuff in here so far, or people have put it in about their
older relatives. It's been eerie how accurate it is. The AI Death Calculator.
Go download it and by the way, guess where it's talked about,
yeah, and they're not getting banned TikTok. But here it's called you want
to know what, it's called life two vec vec Whatever the hell that would
that even mean? Life to vec? Anyway, this is the warning about
it. Some people looked into this app and said that it's getting all kinds
of people who are dying of curiosity, right, dying from curiosity. So
they're downloading it and they're using it. But what do you think, give
me a guess. What do you think the real reason behind this is m
it's an information stealer. You are thinking, well, this is fun.
I just want to see this death calculator. But what happens is it's spying
on you, and it starts asking those generalized questions and then they get more
specific and they say it's one of the biggest scams, phishing scams, but
people or schemes or whatever. But people are not hipped to it because they
think, oh, I'm just going to find out when I'm going to die.
I think this is fun, this is interesting, when really what's happening
is they're stealing information. But these questions are insidious. At first, they
start out with just general questions about health and then get more specific even about
medications and stuff. Now for the first time ever, and this one shocked
me. And I want to ask what do you think the reason is?
Is Kachina on the phone? Because I want to ask her? Now I'm
here, what's up? I want to ask you. I want to ask
you what do you think The reason for this is? McDonald's has posted the
first ever miss of earnings. Their earnings are not up anymore. For the
first time, they make you know what profit? You know what earnings are?
Right? They announced their earnings. First, they announced what they expect
to earn. Then they announced if they missed the earnings or did better than
the earnings. With this economy for the last few years, we've been having
people or companies that pretty much increase year after year except fast food Right now,
what do you think the main reason is? Come on supply and demand,
no cost of labor wages here, wages have gotten so out of hand.
They say that fast service foods, what a lot of people just called
fast foods are going to not only miss their quarterly profit estimates, but may
very well start to see a decline. Right, And didn't they just announce
that they were going to introduce a new big Burger or something. Dragon didn't
mention something like that. What they have to do, And I think here's
what they're trying to do. They're trying to give a perception of value because
of the money they have to spend. But I think the days are going
about that. That what a happy meal? What are you kidding me?
It's a retirement meal for those working there. Now. You know, minimum
wage to begin with, and I'm serious about this, minimum wage was never
meant to be a career. It was meant to be exactly what it was
meant to be get people into the workforce, give them a chance to work,
to learn, to feel it, to go to school, to do
whatever, and then move on. It was never meant to support a family,
never meant to, Honest to god, it was never meant to.
Not in the beginning. That's why they called it a minimum wage. It
was more or less like an apprenticeship or learning or even a paid internship.
Yeah. I know nowadays people, uh, what the new move to equalize
outcomes? Now everything should just stay in a family and everything should be be
okay. So it wasn't meant to be in the beginning. But now what
you see lawmakers doing is justifying them minimum wage by saying, well, you
can't support a family of four with this, Well, of course you can,
because it wasn't meant to be that way. It was meant for people
entering into the workforce, so there wasn't too much burden on business, nor
was there too much burden on other employees. So you would start out and
then move up and move out. Sure, there are some people that come
back to work and have to take a minimum wage, but in our new
thought, new think of nowadays, our new think is everything should be equal.
Everyone should be able to support a family, Everyone should be able to
retire the same. Everyone should be able to do this, everyone should be
able to afford that. And it just doesn't work that way. It's it
was never meant to be that way. Ever, there are simply different outcomes.
That's what there is. As long as there's equal opportunity, we should
not be bothered with trying to make equal outcomes. That's up to each and
every person. And that's the difference between equality and equity. There's a big
difference. Equality should be guaranteed. Equity is never guaranteed. Isn't it isn't
that logical? I mean, wouldn't you think that's logical? Anyway? We
have more coming up three oh three seven one three talk, don't forget three
oh three Martino. You can call twenty four to seven three O three sixty
seven go with a sure thing Denver's best roofer Excel Roofing dot com. You
don't pay a cent until you're content. Time for an insurance checkup free,
no obligation. In comparison, call Compass Insurance paying too much your coverage at
dozens of insurance companies find out now three oh three seven seven one help.
You'll think you're his only customer when you choose Frank durand the real estate Man
dot com to list your home with Remax Alliance three oh three nine two zero
sixteen twenty two. Hey, I'm Tom Martino. Three O three seven one
three talk seven one three eight two five five. JK, what's going on
with you? What's happening? JK? You there? Yeah? Can you
hear me? Yes? Sir? Now I can. What's going on?
Man? Oh? Great? Uh? I'll try to make this as as
quick and legible as possible. It kind of goes off with your the AI
death calculator that you said is you know, it's a tool to basically fish
for him. So I'm kind of experiencing something something similar with what I'm going
on, And I'll just start off. I have a a condition. It's
called a factor five and it is it's basically your your blood will just overcloth.
You know, there's pills and stuff that take care of it, but
they classify that as an autoimmune disorder diseases you want to call it. And
so my insurance company, I believe they've sold my info because now my company
that I work for is trying to get me to sign up for these autoimmune
classes, lectures, seminars. You know that I wish I had the info
in front of me. Maybe I can provide at a later time. But
I wait a minute, JK. There's certain things covered by HIPPA, as
you know. But what I don't understand completely is it you're inmplawyer doing this
or the health carrier for your employer right now. If there was a health
carrier by themselves, that's one thing. But the health carrier has gone to
my company because the emails are directly from my company, which my company shouldn't
know anything about my health records, I guess in my opinion, But for
somehow it seems like that they found some bridge or a loophole where they're allowed
to kind of get in there. Basically, I think this thing is trying
to phish for me to sign up for this stuff, so later down the
line, if I need to get insurance down the road, they can use
that as a factor to cancel me out. Maybe I'm over JK. That's
not the reason. Because there's an insurance database already about you. They are
allowed and do share medical information each and every day, and that's just part
of the system when it comes to health insurance. Now, listen, it's
not necessarily they should not necessarily I mean share it with anyone else, but
insurance underwriters share that all the time. Once you start disclosing this information,
it's out there, not to your employer, but it should be out there
too. For example, if you had an addiction problem and it's part of
your it's part of your questionnaire, and you went to rehab blah blah blah,
all of that and health insurance covered it, there's going to be a
record of that, and you're going to be and you give a waiver every
single time you apply to health insurance that this database you they share with a
database, and they get from a database and you agree to it. Okay,
Now they can't give that to your employer. So it's a really delicate
or not delicate, but it's a really fine line meaning JK. Say,
they could, for example, without knowing why they're doing it, the health
insurance company could give general demographic information that you should go that we're going to
have alcohol and substance abuse classes, or we're going to have how to cope
with stress classes. If, however, they only offer you a specific class
based on something they found out about you, that would be wrong. So
do you know what the circumstances are where you're really being hit up for this
stuff? Do you know you mean circumstances as to has how your employer?
Is it your employer offering you this or is it the health carrier through your
employer? It's the health carrier has given the info to my employer. How
do you know that employers? Baby, Well, there's because there's that's the
only way they could know that. They're no other way they would have to
they would have to get this information from my medical provider in order to solicit
me directly. Well, here, I have another question, basically, al
JK. To clarify this. I have another question. How did the how
did the offer come to you to go to these autoimmune classes? How did
it come to you via a company email? Okay, but hold on,
hold on? Was it a company email specifically to you? But yeah?
And what did it say? That's why I can pull it up if you
have time. But yep, I want you to pull it up, and
I'll tell you why, Okay, because I want to know how it's worded,
because there is general information that they are allowed to share, and I
want to know if they were cagey they say it's come to our attention,
blah blah blah, please sign up for this or that. Deputy doc,
as far as I know, is oh, he's not in the studio.
That's why he's at home. Maybe he can text me or send me a
message. But I want to know if health insurance is shared with employers.
In fact, we may want to get Integra back on too. Kachina,
It's worth it because this is pretty serious. If employers start making employees attend
classes or do some proactive stance based on their health conditions. In fact,
I'd love to ask them about that three oh three seven one three talk seven
one three eight two five five, because to me, that would be improper.
So let's get let's get Integra back on, and then let's also talk.
Let's see who else would we talk to? Basically that would be it.
I want to know what they think about this, and then I want
to see I want you to read that email. Did you get it?
JK? I do? Yeah. If I read it to me, read
it exactly the way I came. Okay, it says did you know that?
As a insert the blank. Employee, your spouse and or dependence over
the age of eighteen can also sign up for BLANK program for free. Blank
program uses nutrition and lifestyle coaching to help them reduce uncomfortable systems like fatigue,
joint pain, and bloating. Whether they've been diagnosed with an autoimmune condition or
not. Simply forward them this email so they can use the link below.
Then it has to get started link and then it has you know, here's
our services. What you can look forward to. Advanced testing and diagnostic,
expert led personalized care, you know, telehealth, dedicated personal character that's all
provided by your employer, right, Well, that's yeah. I guess this
is the program that you're trying to solicit me for, and you know,
and I want to believe it that it has its best intentions. But I
believe if you know. But here's what I want to know. I want
to know if that went out to everyone, because if it did, then
you don't have a leg to stand on exactly. That's that was my next
topic. And because of HIPPA, I'm not allowed to really ask anybody else.
That's kind of that's a no, no, no, no, that's
not true at all. You can that's not true at all, JK.
According to HIPPA, you can ask anything you want of anyone and they can
choose whether to share it with you. But you don't tell me. You
can't ask. You could say to another employee, did you get this email?
Ah, that's not a violation of HIPPA. You're asking did you get
this email? Right? And if they did, but if you are the
only one, then I would have a serious question about HIPO violations. I
really would. But I'd like to, like I said, I'd like to
get Integra on. Let's see if we can get them on during the break
three O three seven one three A two five five, because if that's the
case, they might know about what an employer can do or cannot do.
One clear Choice Garage Doors will get you the best garage door service at the
best time twenty four to seven. If you have a spring this broke where
you can't get your door open or closed. One clear Choice Doors dot Com
all of the prices on that website. I have used them time and time
again for my garage doors, and I love them for new doors or openers.
One clear Choice doores dot com. Go with a sure thing Denver's best
roofer Excel Roofing dot com. You don't pay a cent until you're content.
Time for an insurance check up. No obligation in comparison call Compass Insurance paying
too much your coverage at dozens of insurance companies find out now three all three
seven seven to one help. You'll think you're his only customer when you choose
Frank durand the Real estate Man dot com to list your home with Remax Alliance
three oh three nine two zero sixteen twenty two. Hi Tom Martino, your
troubleshooter. From what I'm reading here we couldn't get our expert on for health
insurance. But from what I'm reading, JK, they they can't. They
can't share your health information with your employer. Now here's the real rub when
it comes to HIPPA. What do you think I'm gonna say? Let's you
know, I always like to go to worst case scenario. Remember, for
argument's sake, let's go to worst case scenario. Let's say that your health
insurance company did shair that with your employer. By the way, you have
an employee that has an autoimmune disease. Here's his name. Maybe you want
to suggest some proactive care to reduce your premiums. I don't know, I'm
just making that up. But let's say that happened. Okay, now what
now what? In other words, you don't get anything and nobody gets anything,
nothing, nothing. See, we have so many laws that are there
to protect us. But then the question is, okay, now what what
are the palm I get exactly what you're saying. Yeah, but where where
is the boundary line? Where does it start to become intrusive? You know
I pulled up Since since with the break, I've actually pulled up three other
emails and they hit me like three in a row on one day. And
you know, I mean, like I said, I want to keep mine.
Have you been sick a lot? No? I haven't, not at
all. No, I'm fine. Like I said, it's very mild.
It's uh, you know, there's proactive medication. I'm taking for it.
It's it's good. But somehow, somewhere, ever since then, this that
my medical provider has leaked this information out to my company, so my company
can solicit me for this program that they run for whatever reasons. And you
know, if they're for my best interests okay, but I tend to think
it's not for my best interest. I tend to think it's for their best
interest. Well, it doesn't matter if it's See, the hippolaws don't address
whether you had a good reason to share the information. It doesn't address that.
Now, one healthcare person to another could share the information if they had
concerns about your health and safety. Right see for example, if you displayed
if you displayed information to a doctor, he can consult an their doctor.
Now they may not want to use your name and all of that. That
gets a little iffy. But here's the bottom line. There are civil penalties,
but they don't go to you. They're just civil penalties per violation,
and they range anywhere from a low to around I don't know why this number
a low to around one hundred this is what it says, one hundred and
thirty seven dollars to a high depending on the violation of two million, sixty
seven thousand, eight hundred and thirteen dollars. So they they gave that some
thought. I mean, there are some very specific tiers here for violations.
I appreciate it. Here in phone, I'm going to take this to the
to a next level. My question to you is what type of attorney would
That's a good question. And well, first of all, you see no
attorney, no attorney, And I'll tell you why, because you're not damaged.
Do you understand these civil penalties don't go to you. So, in
other words, why would you hire an attorney? Tell me why damage is
done? What damages? What? What? Now? Listen, hold on
if you were fired because of it, sure, but you don't have damages
right now, Jake's That's the point I'm trying to make. And by the
way, I don't mean to drag out your discussion. Policy's Okay, Now,
if you're not hold on. See now you're mixing up apples and oranges.
If you're turned down for an insurance policy, that is not a hip
of violation. They are allowed to share your information with other insurance companies and
other healthcare providers. They're not allowed to share it to people who don't have
any business in the business. Okay, but I see, and this is
what I think this company, this I guess. But JK, just get
what I'm saying. What are your damages? You said I can't get health
insurance. That's not damage because you're damaged by the fact that they all talk
to each other and you agree to it every time you apply. So that's
not a damage. If you got fired, that would be a damage.
I can think of no other damages that would be apropos that would be not
appropriate, that would be connected to the violation of HIPPA other than getting fired
or being ostracized. You know where hippa originated, right, Not really,
It originated with the AIDS crisis because people were being fired, people were being
let go, people were being discriminated against. In the old days, there
was no HIPPA, I mean, out of common sense, A lot of
doctors wouldn't share information. But it wasn't until AIDS. It wasn't until AIDS
that they stepped up the enforcement so people would not be discriminated against. So
in those days, if somebody got fired and they suspected it was because someone
told someone about the AIDS, then you could sue the hell out of them.
But that's not the case with you. Again, this disease doesn't carry
a stigma that would give you that kind of damage. You don't have a
damage, so no attorney's going to handle it. To answer your question,
however, there is a department you can call so department, and it's a
federal government health and Human Services, And I'll even give you the number,
and you can file a complaint there. But again that complaint may or may
not result in a civil penalty, but not an award to you. That's
the important part of this. I want you to take away if I want
you to take away. I don't know why this echo is coming in on
a jagon, but anyway he might be on bluetooth. Here's the number eight
hundred three six eight ten nineteen. Eight hundred three six eight ten nineteen,
So that is for filing a complaint against the health insurance company for hippa,
not your company, but the health insurance company, and then they'll do an
investigation of that to see if that if that company did it again, two
different things. A hip a violation for civil penalties against the violator. And
then you have a civil lawsuit you would take for personal injury for someone sharing,
but that would be if you were fired, ostracized, or somehow discriminated
against because of a medical condition. And you would have to find an attorney
to take that much less, like a malpractice attorney or a personal injury attorney.
But not one of them will take it unless there are really major damages,
because the brain damage they would have to do to prove a preponderance of
the evidence is extraordinary. I'm Tom Martino. Premiere, by the way,
is the name of the best. That's why they call it Premiere Window cleaning
and pressure washing. Now's the season to get this done and you can get
special discounts. Call them. Tell them Martino told you to call trust Premiere
window dot com or we do Windows dot com. And that's seven to zero,
nine to five, three zero zero, seven to eight. That's Premiere
Window Cleaning and pressure washing. Go with a sure thing Denver's best roofer Excel
Roofing dot com. You don't pay a cent until you're content. Time for
an insurance check up free, no obligation comparison call Compass Insurance. Pay too
much your coverage dozens of insurance companies find out now three all three seven to
seven to one help. You'll think you're his only customer when you choose Frank
durand the real estate Man dot com to list your home with Remax Alliance three
all three nine two zero sixteen twenty two by Tom Martino, you are troubleshooter
three oh three seven one three talks seven one three two five five. By
the way, Ideal Home Loans is the only one with the interestate guarantee to
refinance you, and if rates go down, they refinance you free of charge.
Three oh three eight six seven seven thousand. Hip is probably one of
the most misunderstood concepts. We know that they should not share information, but
mostly it's civil finds and penalties, not a civil case for you against the
person who violated there is it's it's impossible to No, I shouldn't say impossible,
it's near impossible to prove any kind of damages unless you were fired or
something concrete. You see, let me explain something for personal injury suits.
And by the way, emotional traumas considered personal injury. There's all kinds of
economic non economic. But here's the point about and this is really important about
personal injury because we get this call all the time. You never sue on
could should have? Would have it? Could have killed me? Would have
killed me? I could have. Everything has to be tied to a damage.
Every civil suit has to be tied to a damage. If there is
no damage, there's no reason to bring the suit at all. First of
all, no attorney will take it. And second of all, no person's
going to pay for something if there's no bread crumbs, or there are no
bread crumbs, or no pot of gold or anything at the end of the
rainbow, why would you do it. So with a hip of violation,
you would have to show that there is a violation that costs you. And
then that in and of itself is so difficult that the effort going into suing
for it very seldom comes to fruition. So you don't find attorneys to take
those. You don't find a lot of attorneys specializing in HIPPA lawsuits. However,
the government will go after a violator, for sure, they will if
truly they were violating hippa. But all somebody has to say is it was
an oversight or mistake, and if they don't have a record of doing that
over and over and over, even civil penalties are diminished or eliminated. So
hippa, while we love talking about hippa, we don't have a lot of
teeth in hippa because it's not like it used to be with AIDS. That
was the big deal. With AIDS, HIPPA was a big deal because people
were getting fired, people were getting discriminated against. In fact people it would
be found out and somebody would spill the beans and no one would go to
that dentist anymore. Let's say if there was a gay dentist and they thought
that dentist is HIV positive. I mean, there's all kinds of weird situations
that happened with age, which led to people having to protect themselves in the
government. Rightly, so did a by the way, hippo laws for that
that's where it started. Now people want to know, Tom, you have
integra on as your health insurance expert. How do they make money? And
that's a fair question, by the way, for any client I have,
you always want to know where people make money. In fact, that is
what tells you where their heart is. Now everyone, I mean everyone wants
to make money, right unless you're in a nonprofit organization. Even then you
want to support the nonprofit but for your mission. But with Integra, they
get wholesale rates. In other words, Integra sits with clients and does things
carriers can't do. Carriers can't take the time or energy to do that for
every single client. So carriers offer a product and say here's our health insurance
product. What Integrat does us and other brokers like Integer, is take that
product to the consumers and they explain it to the consumers, and they put
it on the menu of services and they say we have this plan, this
plan, this plan, and this plan. So to be part of their
menu, these health insurance carriers offer those premiums at whostsale and then Integra gets
a fee for signing people up. But it's a very small fee. And
here's the key. You can't get that wholesale fee going direct. People think
if they bypass Integer or another health insurance broker. They're going to get better
rates going direct. That will not happen, so it's always best to use
a professional like Integra Insurance dot com. By the way, we have we
have a more coming up tomorrow. Don't forget it's car Day three oh three
Martino. Call for help, information and referrals and save all your problems for me.