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Immigrants cost the health care system less than US-born Americans: Study

Immigrants cost the health care system less than US-born Americans: Study

Health
Slightly over half of Americans — 52 percent — believe that immigrants are a financial burden on the U.S. healthcare system, and two thirds believe that undocumented immigrants should not be eligible for social services provided by state and local governments. A study published Thursday in the International Journal of Health Services finds that immigrants actually use far less healthcare resources than non-immigrants, and may actually subsidize the health care of U.S. citizens. Researchers at Harvard Medical School and Tufts University assessed all peer-reviewed studies since 2000 related to healthcare costs by immigrants in the United States. The authors found that across all age groups, immigrants’ overall healthcare costs were one-half to two-thirds those of people ...
Here's how to save for your child who may need life-long care

Here's how to save for your child who may need life-long care

Finance
If you have a family member with a significant disability, you may be wondering how to care for her or him. Special needs trusts are an option but they often require substantial amounts of money — as much as $ 100,000 up front — and the services of a lawyer. A less expensive way of establishing a trust for a family member with special needs is the pooled trust, available to people with modest assets. Whether or not you have one of these special needs trusts, the ABLE account is another way to set money aside. Not only is it less expensive, it’s much easier. ABLE accounts are tax-advantaged savings accounts f...
Tax planning has two parts: Are you taking care of both?

Tax planning has two parts: Are you taking care of both?

Finance
"Tax planning should be seen as part of financial planning and not be addressed in isolation," said, Gaurav Monga, CFP, while speaking at the ET Wealth Investment Workshop in Delhi yesterday. Explaining further, he said: "Tax planning should be mapped to your overall financial goals and objectives. Also, planning to save your taxes should be an annual exercise whether you earn your income from salary or business." According to Monga, tax planning has two parts: a) Reducing your tax liability on the different types of income earned by you such as salary, interest and so on. b) Reducing your tax liability by investing in tax saving instruments which directly reduces the tax payable on your income. While investing to save tax, most of us make investments which are not suitable for meeting...
UN report urges nations to take better care of world's forests

UN report urges nations to take better care of world's forests

Science
July 6 (UPI) -- A United Nations agricultural report Friday urges world governments to better manage shrinking forests, end deforestation and restore those that have been degraded. The U.N. Food and Agriculture Organization's State of the World's Forests report said in addition to shade, absorption of carbon dioxide, animal habitation and lumber, forests provide about 20 percent of rural household income in developing countries. It said forests are also responsible for providing fuel, to heat and cook, for one-third of the global population. "Deforestation, chiefly caused by the conversion of forest land to agriculture and livestock areas, threatens not only the livelihoods of foresters, forest communities and indigenous peoples, but also the variety of life on our planet," the report sa...
Kentucky cuts vision, dental care for up to 460,000 people

Kentucky cuts vision, dental care for up to 460,000 people

Health
Gov. Matt Bevin's administration cut dental and vision coverage for as many as 460,000 Kentuckians after his Medicaid overhaul plan was rejected in court. The state Cabinet for Health and Family Services called the cuts an "unfortunate consequence" of Friday's ruling by a federal judge. Democrats and advocates for the poor condemned the Republican governor's move as rash and possibly illegal. The cuts were announced during the weekend. U.S. District Judge James E. Boasberg's rejection of Bevin's plan to overhaul the state's Medicaid program was also a setback for President Donald Trump's administration, which has been encouraging states to impose work requirements and other changes on the joint state and federal health insurance program for poor and disabled people. Boasberg's ruling blo...