Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options
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Baby Boomers looking at their retirement finances are most concerned about their ability to pay retirement medical expenses, according to a survey by the Insured Retirement Institute. Over two-thirds are concerned, and the younger the boomer the more concerned. Over 70% of those ages 50 to 54 are worried. They should be worried. The IRI […]
You meet the service requirements for Aid and Attendance when you served 90 days or more on active duty, with at least one day in wartime, and who were honorably discharged. Widows and widowers of such veterans also are eligible. You need not have served overseas or in combat. Anyone who was a member of […]
Update: In 2014 the Veterans Administration proposed new rules that would restrict significantly the number of veterans eligible for the Aid & Attendance benefits described in this post. Details of the proposed rules are described here. In 2006 the Secretary of Veterans Affairs quietly issued a media release about an “underused, special monthly pension benefit […]
It’s no secret that everyone in Washington feels a need to reduce the cost of Medicare. What they disagree about is how to do it. The appointees of the administration, however, seem to agree on their preference. They want to reduce the care that is covered under the program. You’ve seen evidence over the last […]
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The cost of long-term care insurance rose again over the last year, but at a fairly moderate 4.4%, according to an annual MetLife survey. For a long time, the costs rose at 7% or more annually, well above the rate of inflation. In recent years the rate of increase has declined, but so has overall […]
Once the Affordable Health Care Act of 2010 was enacted, government leaders began the push to reduce the cost of the program. Their main focus is to reduce care and treatment, claiming much of it is unnecessary and doesn’t provide benefits. But they might not be using the best analysis and studies to decide the […]
Medicare Open Enrollment is earlier this year. Medicare decreed that it will be Oct. 15 through December 7. The choice you make is effective January 1, 2012. During this period, people in traditional Medicare can choose a Medicare Advantage Plan, and those in Medicare Advantage can stay in their current plans, choose a new plan, […]
Many silver Americans don’t select the best Medicare Advantage plan for them. These plans offer broader benefits at a lower cost to the patient than traditional Medicare, on average. A study recently found that less than 10% of those searching for a Medicare Advantage Plan and 7% of those searching for a Part D prescription […]
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