Medicare and Health Insurance

Can you afford retirement healthcare? What does Medicare cost? What about insurance before age 65? Get answers.

Health insurance or Medicare can be one of your more costly expenses. And, deciding what is best for you at various stages of your life can be confusing.

Things are pretty easy when you have coverage from your employer but it gets more complicated when you stop working and need to cover yourself. People love Medicare coverage, but it is important to know that it is far from free and getting the right supplemental coverage is tricky.

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medicare cost

6 Ways to Cover Your Medicare Cost in Retirement

During retirement, most expenses decrease on average. This includes housing, clothing and transportation. But there’s one expense that has been shown to increase and consume a large portion of older American’s incomes: health and Medicare cost. The share of the 75-plus population’s total spending that goes toward health care is 15.6 percent, which is nearly…

June 2, 2016
best medicae supplement plans

Best Medicare Supplement Plans for 2016 and Beyond

What is Medicare, and do you need more than basic coverage? Original Medicare can leave you with hefty, uncovered expenses, but the best Medicare supplement plans — either Medigap or Medicare Advantage — can lower your costs and improve your care. There are so many questions that accompany signing up for America’s retirement healthcare plan.…

May 2, 2016

Don’t Get Eaten Alive: 8 Ways to Plan for Healthcare Costs in Retirement

Let’s go ahead and state the obvious: healthcare is a huge expense in retirement.  HUGE. And, not only huge, but also unpredictable and potentially debilitating. According to Fidelity, a couple who is 65 years old today can expect to spend $245,000 on Medicare premiums alone.  Out of pocket expenses and long term care costs can…

January 20, 2016

Retirement Planning: 3 Ways to Calm Your Terror Over Health Care Costs

Health care costs are one of the largest — if not the largest — expense you will face in retirement. Over the course of the an average married couple’s lifetime, out of pocket health care costs could total a staggering $394,954 — $463,849, according to recent research from HealthView Services. If these numbers terrify you,…

June 15, 2015
Health savings accounts

Expert Interview With W. Patrick Jarrett About Retirement and Health Savings Accounts

Want to amp up your efforts to save money for retirement and take care of your financial health? Luckily, it’s all in your hands. W. Patrick Jarrett, COO of HealthSavings Administrators, was kind enough to answer our questions about retirement and health savings accounts. What is your professional background? How has it served you in…

June 8, 2015
Enroll in Medicare

How to Enroll in Medicare

Medicare can be confusing when you’re just learning about the system before receiving benefits. There’s Medicare Part A, Part B, and Part D, and they each have a different job to do. The federal government holds two trust accounts that fund each facet of Medicare, and many Americans get these benefits without having to sign…

November 17, 2014

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…

July 23, 2014

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…

April 3, 2013

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