social security and medical

Alarming Analysis: Social Security Will Not Be Adequate to Fund Your Out-of-Pocket Healthcare Spending

Social Security has served as a financial safety net for many older adults, but recent research indicates that era is drawing to a close as retirement health care costs skyrocket. Many older Americans rely heavily on Social Security benefits as their main source of income in retirement. Nearly half (47%) of unmarried people depend on…

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There is a Retirement Healthcare Crisis: Be Prepared

Many people are all too familiar with the past few years’ economic crisis, but fewer realize that there’s another, potentially worse dilemma looming: the retirement healthcare crisis. As the nation’s 78 million Baby Boomers head toward retirement age, federal budgets for Medicare and Social Security are expected to be strained. At the same time, many…

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The Top 5 Overlooked Retirement Costs; Do Not Be Taken by Surprise

Research indicates that retirees are not confident that they are well enough prepared for retirement. A recent Lincoln Financial Group study reports that 53% of retirement age respondents are worried about not having enough money. So, how can you put your worries to rest? For many retirees, it may be too late to save a…

Retirement Health Costs are Higher than you Think

According to the Center for Retirement Research at Boston College, the above is largely true no matter how high you think they are. A good rule of thumb for estimating health costs in retirement is that Medicare will, on average, cover 60%, while the remaining 40% come out of the retiree’s pocket. Unfortunately, according to…

You Might Want to Reconsider These Common Medical Tests!

The Choosing Wisely campaign, an initiative by the American Board of Internal Medicine Foundation in partnership with Consumer Reports, kicked off last spring. It is an attempt to alert both doctors and patients to problematic and commonly overused medical tests, procedures and treatments. As we get older, we may find the need or desire for…

Stop Sitting and Other Health News for Older Americans

According to numerous recent studies, sitting is going to reduce your life span!  In people who do a similar amount of physical activity, those who sit less will have a lower risk of dying compared to those who sit more. Other recent health news: Achy joints?  Eat this: Some research suggests that consuming the following…

The Decline of Doctors

The New York  Times reports that by 2014, Obama’s new healthcare law is projected to cover more than 300,000 people in the Inland empire, an economically poor area in Southern California. However, the healthcare coverage may not transfer into actual care, as locals speculate that there will be nowhere near the number of doctors necessary. To this…

Medi-scary! What to Do When You Can Not Find a Doctor?

Adding to the massive problems of trying to fund medical care as you age is the trend of doctors opting out of Medicare.  Many older people are finding that their doctors are no longer accepting Medicare either because they have opted out of the insurance system or they are not accepting new patients with Medicare…

What Defines Old vs Young?

Wherever the line that defines whether you are ‘old’ or ‘young’ is, the individuals on either side end up looking very differently, in political and economical terms. According to a recent New York Times article, in 2004, older voters began moving right (politically), while younger voters shifted left. This year, polls suggest that Mitt Romney will win a landslide…

If the Politicians were to Fail

A recent New York Times article discusses a new and informative book called Clash, written by Scott Burns and Larry Kotlikoff. The book shows the effects of current policies on young people and offers actual policy solutions for banking, taxes, healthcare, and Social Security. Other than offering advice, Clash informs us what we can do…