Medicare and Health Insurance News, Information and Guidance

Medicare Changes

Changes for Medicare in 2017? Some Already Done and Others in the Pipeline

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 2016: What You Need to Know

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……

best states for healthcare

These Are The Best States For Health Care

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,…

medicare costs 2018

Medicare Costs Rise: Wealthy to Pay Even MORE for Medicare in 2018

If you have wealth, your Medicare costs could rise rapidly. Paying for your health is going to be more expensive by 2018. Congress has decided that the wealthiest 5% of Medicare recipients should pay more for their health coverage. What Are the Current Medicare Costs? The annual baseline premium for Medicare is $1,462. However, the…

healthcare costs in retirement

How to Plan for Healthcare Costs in Retirement: How Much Do You Need in 2016?

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…

retiring before 62

Retiring at 62 or Before? 6 Ways to Cover Your Health Costs for an Early Retirement

Taking an early retirement — retiring at 62 or before — may be something you have been planning for years, but one aspect of an early retirement that is often overlooked is the cost of health insurance.  Early retirement usually means that you are leaving work before the age of 65 when you qualify for…

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…

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….

medicare

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…

Medicare

Don’t Make These 6 Medicare Retirement Plan Mistakes

You might be far too young for Medicare now, but the more you know the healthier you’ll stay. No one is born understanding how Medicare works. And just because friends or family have navigated the system well, that doesn’t mean you won’t hit a snag. A solid retirement plan includes a good working knowledge of…