Retirement Healthcare and Medicare
Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options
Found 315 Articles.
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Health Care Tax Strategies
Health care or long-term care can eat up a big part of a retiree’s budget – or the budget of a retiree’s children. Fortunately, the tax law can help pay for a big part of that burden. Deductions for medical expenses seemed to disappear when the rules were changed in 1986. Now, you can deduct […]
Life & Long-Term Care Insurance In One Package
Sales of long-term care insurance are stalled. Only about 2% of the target market buy the policies. The latest attempt to make long-term care health insurance attractive is to combine it with life insurance, making both products more attractive. Here’s the pitch in these new policies. The long-term care insurance is there if you ever […]
Low-Cost Ways to Pay for Long-Term Care Insurance
Long-term care insurance isn’t very popular. Insurers estimate that only about 2% of those who should consider long-term care insurance have purchased it. Some of the reasons for this are quite good. There are other, affordable ways to pay for long-term care without leaving your heirs high and dry. One reason people avoid long-term care […]
Best Ways To Pay For Extended Long Term Care
One of the most stressful and difficult financial decisions is planning for possible long term health care expenses. Individuals of all ages struggle over how to provide for the possibility of significant long-term health care costs. Should they buy long-term care insurance? If so, how should they pay for it? Are there other options? Nursing […]
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The New Health Care Orphans
It looks like a Medicare experiment is coming to an end. Many seniors are losing the option of receiving their Medicare-covered health care through health maintenance organizations (HMOs). Over 1 million seniors will be dropped from their HMOs next year, because the HMOs are leaving the Medicare program. Over 900,000 of these seniors will have […]
How to Deal with Medigap Premiums
Premiums for Medicare supplement insurance are climbing again. Insurers report premium increases of 10% and more. For some policies, the premiums will increase over 40%. The sharpness of the increase depends on your state and the type of policy you have. The highest premium increases are for Medigap policies covering prescription drugs. Of the 10 […]
The Easy Way To Pay for Long Term Care
Financing potential long-term care expenses can be complicated and expensive. Nationally, a month in a nursing home ranges from $3,000 to $6,000, and is rising faster than general inflation. That’s why many people do no planning. Another reason is that half of nursing home stays are for 90 days or less, and Medicare pays for […]
An Important Supplement to a Living Will
A document that is an essential element of every estate plan is one that gives directions for health care when you are unable to make decisions. Many people say they want to die with dignity and without running up a lot of costs for futile health care, sometimes called “heroic efforts.” But your wishes in […]
