California's Low Cost Auto Insurance Program Provides Affordable Insurance for Those Eligible

Auto insurance is a requirement if you have a valid driver's license and drive a vehicle in the state of California. The California Low Cost Auto (CLCA) Insurance program is a state-sponsored program that makes auto insurance more affordable to those meeting eligibility requirements.

To qualify, you must 1) have a valid California driver's license; 2) own a vehicle valued at $25,000 or less; 3) meet income eligibility guidelines; and 4) be at least 16 (under 18 must be legally emancipated) or older.

Maximum income requirements are based on the size of your household. As of 2024, that maximum is $37,650 for a household size of 1, increasing by $13,450 for each additional household member (e.g. household of 4 maximum income is $78,000.

Annual premiums vary by county. If you live in Ventura County, have been licensed continuously for 3 years and are not a 19-24 years of age and unmarried, your annual premium is $275 ($358 if you are an unmarried 19-24 year old).

While the premiums are great, the coverage is very limited. A basic policy includes only up to $10,000 per person and up to $20,000 per accident for bodily injury or death and up to $3,000 for property damage. Comprehensive and collision is not included in these policies (they would have to be purchased separately).

Learn more and sign up at www.mylowcostauto.com.

California Has Billions of Dollars of Unclaimed Property - Claim Yours Now!

The State of California maintains billions of dollars in unclaimed property belonging to individuals and organizations.

California's Unclaimed Property Law requires "holders" such as corporations, business associations, financial institutions, and insurance companies to report and deliver property to the Controller's Office after there has been no customer contact for three (3) years. Often the owner forgets that the account exists, or moves and does not leave a forwarding address or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property.

The most common types of unclaimed property are bank accounts and safe deposit box contents, stocks, mutual funds, bonds, and dividends, uncashed cashier's checks or money orders, certificates of deposit, matured or terminated insurance policies, estates, and mineral interests and royalty payments, trust funds and escrow accounts. You may also find things like unused balances in prepaid cards and refunds due.

Find out more at www.ClaimIt.ca.gov.

Search the California Unclaimed Property database at ucpi.sco.ca.gov/en/Property/SearchIndex.

Search by name, address, city, property number or any combination.

Digitally Preview Your Mail Each Morning with USPS Informed Delivery

Informed Delivery by USPS allows you to preview your mail each morning with a digital copy of each letter-sized item to be delivered to you via email. You can also log in anytime and see images of previous week’s mail. Additionally, you can see the delivery status of any packages coming your way.

If you’ve ever had your mail stolen, this gives you the ability to at least see what mail was stolen from you. Or you can see first thing in the morning what mail is being delivered, alerting you to anything of particular importance.

You will see the address side of mail delivered. You of course will not be seeing contents of that mail.

Learn more and sign up at informeddelivery.usps.com.

What's the Deal With All of Those Signs Posted at the Swimming Pool

My kids get a laugh from time to time when they notice the sign at the public swimming pool that states, "Persons having currently active diarrhea or who have had active diarrhea within the previous 14 days shall not be allowed to enter the pool water." 

The thought comes to mind, should one have had this issue, how many people would actually remember if it was within the last 14 days. Heck, I can't even remember what I ate for breakfast yesterday and what I watched on TV last Sunday.

But the sign is well intended as waterborne disease is no laughing matter. Waterborne disease outbreaks in pools have often been caused by individuals with recent diarrhea; chlorine doesn't always take care of removing the viruses or parasites that can come from those with recent symptoms.

The requirement for this and other community pool signs comes from California Building Code Chapter 31B "Public Pools," Section 3120B "Required Signs."

Section 3120B.11 "Diarrhea" indicates the sign must have letters at least 1 inch high, clearly states what is noted above, and is posted at the entrance area of a public pool. Public pools include municipal/park district pools, hotel pools, water parks, swim schools, homeowner shared pools, apartment pools, campground pools, etc. One is thus not required to post this sign at your home pool (unless you really want to).

CDC ADVICE TO PREVENT INFECTIONS FROM PUBLIC SWIMMING POOLS

According to this source, the diarrhea sign and a variety of other pool signs were put into law in late 2012. Some examples of other public pool sign requirements include:

• "No Diving" sign for pools with maximum depth of 6 feet or less

• "No Lifeguard" sign when applicable

• Emergency sign with 911 and nearest emergency services

• "No use after dark" sign for pools without lighting

• Artificial respiration and CPR sign

• Pool user capacity sign (1 person per 10 sq ft in spa; 1 person per 20 sq ft in pool)

So you've learned something new. If you'd like to read the entire 28 pages of Chapter 31B of the California Building Code, or any of the Code for that matter, visit www.bsc.ca.gov/Codes.aspx.

DOZENS OF VENTURA COUNTY AREAS SWIMMING POOLS AND WATER PLAY PLACES

Daylight Saving Time is Back ALREADY on Sunday, March 10th!

Daylight Saving** Time is coming back again! Yes, this will take place on Sunday, March 10, 2024, at 1:59 a.m. When the clock strikes 2 a.m. that morning, you will lose one hour of beauty sleep.

So try to get to bed early the night of March 9th or you might feel grumpy on Monday! Especially when you realize it feels a lot darker that morning. But the good thing is it'll be a lot lighter out at dinnertime!

** Contrary to what many of us think, it is called Daylight Saving Time, not Savings Time. Make sure to correct anyone who says it wrong if you really want to get on their nerves. But the reality of it is that we're not saving any daylight, we're just shifting it around.

How Do I Find the Nearest Mailbox to Me?

My wife asked me if there is a way of finding the nearest local mailbox.  Sure, we know of a couple mailboxes within a mile of our home in the Conejo Valley but it's nice to be able to find other mailboxes when you're out and about.

She used to put letters and bills and such in the mailbox for our mail carrier to pick up, but with the rash of folks swiping things out of home mailboxes, she would prefer to drop letters off into a more secure "blue" mailbox.

The US Post Office has a "Find Locations" section on its website to find a variety of locations, including post offices, approved postal providers, self-service kiosks and collection boxes (aka mailboxes). Find your local mailbox at tools.usps.com/find-location.htm. This tool on the USPS site works great and provides additional information, including daily pickup times.

And of course since there's data out there on where the mailboxes are, there are websites that take that this data and create their own mailbox map. Mailboxmap.com does just this. Simply type in your location and the map will clearly lay out mailbox, post offices and UPS stores for your mailing needs. 

Income Planning to Keep Your Medicare Part B Premiums From Increasing

Medicare Part B covers certain doctor services, outpatient care, medical supplies and preventive services. You pay a monthly premium for Part B that is automatically deducted from your Social Security benefit payment.

Most people will pay the standard premium amount. If your modified adjusted gross income (MAGI) is above a certain amount, you may be charged an Income Related Monthly Adjustment Amount (IRMAA) - basically a higher premium.

Your MAGI is your total Adjusted Gross Income plus tax-exempt interest income, non-taxable Social Security benefits and untaxed foreign income on your tax return.

Medicare uses the MAGI reported on your IRS tax return from 2 years ago to determine your current year premium.

For example, the standard Part B premium in 2023 is $164.90. If your MAGI on your 2021 return was $97,000 or less if single or $194,000 or less on a joint tax return, you pay the standard 2023 premium.

If the MAGI on your 2021 tax return was between $97,000 up to $123,000 (single taxpayers) or between $194,000 up to $246,000 on a joint return, your 2023 premium would be $230.80.

There are additional income ranges that can bring your monthly premium as high as $560.50 per month in 2023, if your MAGI in 2020 was $500,000 or more for single or $750,000 or more for joint taxpayers. Visit www.medicare.gov/your-medicare-costs/part-b-costs for more details.

These bunnies are too young for Medicare but are discussing future healthcare options nonetheless.

ARE YOU FILING AS MARRIED FILING SEPARATELY? BE CAREFUL!! If your individual MAGI is above $97,000 and less than $403,000, your monthly premium jumps from $164.90 to $527.50. That’s a huge jump.

TAX PLANNING: Let’s say you are single and have $45,000 in Social Security, $35,000 in IRA distributions and $15,000 in interest and dividends in 2021. That brings you to $95,000 in MAGI, which is below the $97,000 threshold where they increase your premiums. If you sold a stock for a $2,001 gain, that would bring you to $97,001 in MAGI and your monthly premium would jump by $66 per month. Perhaps it would be wise to wait and sell that stock in 2022.

The only problem is, Medicare doesn’t announce next year’s premium parameters until the fall, which usually is after you’ve filed your previous year tax returns. What to do?

Well here we are near the end of 2023, which will be used to establish 2025 Part B premiums. The best you can do is just use the 2021 parameters and plan accordingly.

The MAGI cut-off for standard premiums in recent years have changed as follows:

• 2021 (for 2023): $97,000 (single), $194,000 (joint)

• 2020 (for 2022): $91,000, $182,000

• 2019 (for 2021): $88,000, $176,000

• 2018 (for 2020): $87,000, $174,000

• 2015-2017 (for 2017-2019): $85,000, $170,000

What happens if your income jumps really high one year? You sell a rental property, win the Lotto, take a new job, etc. Well, your premiums will jump if your MAGI leaps over those income parameters. Not much you can do about it. The good news is that it will drop back down the following year if your MAGI drops below the income threshold.

There are some unique situations where you are allowed to an appeal a Part B premium IRMAA after you receive your notice from the Social Security Administration. Certain life-changing events that cause an income decrease can be considered to reduce your premium, such as death of a spouse, marriage, divorce, reduction in work hours, loss of pension, involuntary loss of income-producing property due to a disaster and receipt of settlement from employer due to closure or bankruptcy.

Visit www.medicare.gov for more information.