Medicare and Health Insurance

What is a Health Savings Account? Explore 4 ways it saves you money and why you might want to use one for retirement savings.

It’s 2023 Medicare Open Enrollment time. Here are 12 tips for getting great coverage and lowering medical costs.

Learn how the “Inflation Reduction Act of 2022” may improve your retirement? (Reduced healthcare costs and inflation reduction.)

Don’t throw money out the window. Explore these 15 east ways to save money on prescription drugs, especially if you are older. Read now!

A government report finds that Medicare Advantage plans are denying coverage and claims. Find out what to do about it.

Out of pocket retirement health care costs can be outrageous. Use these 12 surprising tips for a healthier and wealthier retirement.

There’s one important task that you may be forgetting before you retire: pursuing dental care. Learn why and access a full retirement checklist.

Find real answers about long term care insurance costs, what to look out for and who benefits. Plus, alternative ways to cover these costs.

Demographics and the pandemic are 2 factors causing financial woes for Social Security. Learn if your benefits will be impacted.

Many people want to retire before they are eligible for Medicare at age 65.  However, figuring out health insurance — and how to afford that coverage — is very difficult.  Health insurance for 55 and older can be very expensive, depending on your circumstances!  And, let’s face facts, health factors are more prevalent and unpredictable…

More than 5.5 million people have Alzheimer’s today, and as the baby boomers age, by 2050 that number is projected to triple. Additional research from the Alzheimer’s Association shows that last year millions of family and friends provided 17.7 billion hours of unpaid care — care valued at $220.2 billion — to loved ones with…

If you have enough wealth, your Medicare costs — specifically your premiums — might be more than you had bargained for. Not everyone knows this, but there are Medicare surcharges (officially called Income Related Monthly Adjustment Amount, or IRMAA) that correspond to income brackets. These additional costs can really add up. It is the highest-earning…

There are a lot of hurdles to overcome when figuring out how to retire early — before 65. However, early retirement health care is one of the most fiscally challenging. Medical care is going to be expensive no matter when you retire, but the picture is more serious for those who retire early, by choice…

Joe Biden is now President elect. There are several ways a Biden presidency might affect your retirement, including lower tax benefits on 401(k) accounts and more generous Social Security benefits. Biden’s Plan for Older Americans gives specific details on what Biden would like to do as President to overhaul the nation’s retirement system, shore up…

To say that Social Security and Medicare are important to the financial well being of seniors would be an understatement. Sixty-two percent of eligible beneficiaries rely on Social Security income for more than half of their income. And almost everyone who is eligible uses Medicare to help fund their healthcare after 65. Here are the…

No one is born understanding how Medicare works. And just because friends or family have navigated the system well doesn’t mean you won’t hit a snag.  A solid retirement plan includes a good working knowledge of what to expect from Medicare. Because the more you know now, the less likely you’ll be to encounter these…

Saving money is hard enough. No one wants more bills to pay, especially when you’re on a fixed or limited income. But insurance is something of a necessary evil. And certain insurance plans can help you live out your golden years as worry-free as possible – a worthy investment in your well-deserved break from workaday…

Medicare and Medicaid have been in the news for several years as a debate rages in the Federal government about a possible budget shortfall in the programs and how to fund them. Here are nine things you might not know about Medicaid and your chances of needing it in the future. 1. You Have a…

Medicare is a hugely popular program, providing health coverage to the vast majority of Americans over 65. Here are a few tricks for taking care of your health and making the most of Medicare… 1. Understand Your Medicare Options Once you turn 65, you need to make choices about your Medicare coverage. Will you choose:…

The more things change, the more they stay the same.  In response to privacy concerns about the old Medicare cards that included your Social Security number on them, Medicare is in the process of issuing new Medicare cards.  The new cards have a new number, but not much else is changing. Your wallet will hopefully…

Medicare is the de facto healthcare for most retirees.  You are eligible when you turn 65.  While most people like the program, it is quite complex and everything from baseline premiums to supplemental coverage and other details can change from year to year. The changes made thus far offer somewhat good news to retirees.  However,…

Medicare Open Enrollment 2016: Medicare open enrollment is the time period when you can buy into or switch your Medicare Advantage and/or Part D coverage.  This open enrollment period goes from Oct. 15 through Dec. 7. Some might argue that enrolling in Medicare is off the charts painful… It can be so hard to understand……

What are the two most expensive and important things in retirement?  Housing and medical costs.  As such, you probably want to review this list of the best states for health care. In 2014, health spending accounted for 17.5% of the national GDP, according to the Centers for Medicare & Medicaid Services. Even more, by 2025,…

Retirement planning is hard. You have to account for 20-30 years of expenses that are difficult to predict and make sure you have enough money to pay for them. How to plan for healthcare costs in retirement is particularly challenging. These costs continue to rise and it is difficult to know what kind of care…