Retirement Healthcare and Medicare
Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options
Found 292 Articles.
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How Much Does Long-Term Care Insurance Cost?
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?
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, […]
Does Medicare Cover Long-Term Care?
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
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 […]
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10 Medicare Questions Every Retiree and Pre-Retiree Should Know How to Answer
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 […]
Cut Your Prescription Medicine Out-of-Pocket Costs
Prescription drugs are the largest medical expense of most retirees, and their cost usually increases faster than inflation. Yet, many seniors know little about how to reduce their out-of-pocket medicine costs, and important changes are coming to Medicare in 2020. Original Medicare doesn’t cover most prescription drugs. You must take out a Part D Prescription […]
How to Slash Your Out-of-Pocket Retirement Medical Costs
Covering the gaps in original Medicare coverage is critical to maintaining your financial security in retirement, and there are some important changes coming in 2020.Many medical expenses aren’t covered by original Medicare, as I’ve discussed in the past, including the September 2019 issue. When you choose original Medicare instead of a Medicare Advantage plan, decide […]
Original Medicare vs. Medicare Advantage: Which is Right For You?
One of the most controversial aspects of Medicare is the ability to choose between original Medicare and Medicare Advantage. Some of the controversy is ideological, because some people are philosophically inclined to either favor or oppose Advantage plans. But much of the controversy exists because the right choice depends a lot on individual circumstances and […]
