Retirement Healthcare and Medicare

Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options

Found 295 Articles.
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Retirement Savings Tip: Stop Spending Too Much on Prescription Drugs!

November 23, 2020

In last week’s issue of Retirement Watch Weekly, I presented What You Need to Know About the Prescription Coverage Gap. We’ll continue on that track this week, with the best ways to save money on your prescription drugs. Prescription drugs are a major spending item for many retirees, and the cost of prescription drugs is […]

behind-the-headlines-on-prescription-drug-prices

What You Need to Know About the Prescription Coverage Gap

November 16, 2020

It’s something Medicare beneficiaries often have trouble understanding. I’m talking about the prescription drug coverage gap, also known as the “doughnut hole” or “donut hole.” The coverage gap was part of the original Part D prescription drug program, but it has been changed several times since its inception in the 2000s. There were additional changes […]

How Much Does Long-Term Care Insurance Cost?

August 31, 2020

Long-term care is a system of personal services and medical care provided to someone who is cognitively impaired or can’t perform two or more of the six activities of daily living (ADLs). The ADLs are dressing, bathing, eating, walking, toileting, and transferring (such as moving from a bed to a chair without help). Despite the […]

Is Long-Term Care Insurance Worth It?

August 31, 2020

As an individual ages, a decision must be made about whether or not to buy long-term care insurance (LTCI). Long-term care is the provision of personal services and medical care to someone who is cognitively impaired or can’t perform two or more of the six activities of daily living (ADLs). The ADLs are dressing, bathing, […]

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Does Medicare Cover Long-Term Care?

August 31, 2020

Medicare is the primary medical insurance for most Americans ages 65 and over. But does Medicare cover the expensive costs of long-term care? The possibility of needing long-term care, and having to pay for that care, is one of the great fears of older Americans. Understanding exactly which long-term care costs Medicare will cover, and […]

The Retirement Watch Family Caregiver Planning Guide

June 9, 2020

Family caregiver planning has some simple rules… And some not-so-simple rules. For starters, any caregiver agreements involving family members should be in writing. That is, unless the person providing the care is being altruistic (being a friend), and expects nothing in return now or in the future. Often when one family member provides care for […]

Act Now To Avoid Higher Medicare Premiums

October 28, 2019

You could pay almost four times the regular Medicare premium in two years if you don’t take action soon. Back in 2003, Congress began means-testing Medicare by putting in place the Medicare premium surtax or surcharge. It’s known formally as IR-MAA, Income-Related Monthly Adjustment Amount. IRMAA is one of the Stealth Taxes I warn retirees […]

10 Medicare Questions Every Retiree and Pre-Retiree Should Know How to Answer

October 11, 2019

Currently, the greatest fear of most retirement-age Americans is how to pay their retirement medical expenses. This is not surprising. We are bombarded with estimates that people need to save $300,000 just to pay their medical fees after they retire. It also isn’t hard to find stories of retirees filing for bankruptcy primarily because of […]

November 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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