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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Alternatives to Buying Traditional Long-Term Care Insurance
Long-term care (LTC) is expensive, but the cost of traditional long-term care insurance (LTCI) has increased at an even faster rate in the last few decades. Traditional LTCI became less attractive following the financial crisis. Insurers found they were paying more in claims than they had estimated and were receiving less income on […]
What is a Long-Term Care Facility?
A long-term care facility is any place long-term care (LTC) is provided, and LTC can be provided in a number of different locations depending on the extent of care that is needed. Long-term care consists of a range of services and systems that help meet medical and personal needs of people who have […]
How to Avoid the Medicare Mistakes Most People Make
Retirement medical expenses are high enough when you don’t overpay, but many retirees don’t fully understand Medicare and make mistakes that cost them quite a bit during the course of retirement. The latest estimate of total retirement medical expenses is $295,000. That is how much a married couple, each spouse each 65 today, will spend […]
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 […]
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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 […]
Retirement Medical Expenses Drop, but You’ll Pay Plenty Without the Right Plan
There is a bit of good news for those who are worried that retirement medical expenses will eat away their nest eggs, but you still need to plan carefully to minimize your out-of-pocket medical spending.Each year, the Employer Benefits Research Institute (EBRI) estimates the total out-of-pocket medical expenses that hypothetical 65-year-olds are likely to spend […]
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 […]
