Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options
Welcome to my subscriber-only conference call: How to Turn $1 into $3 — And Get Retirement Peace of Mind. Click on the image below to listen to the conference call.
Medicare expanded its coverage in response to the coronavirus pandemic. Telehealth services are the major additional benefit under Medicare. These services enable beneficiaries to consult with doctors and receive some types of treatment without having to leave their homes and visit medical facilities. Telehealth services can be delivered through telephone, online via computers or other […]
Most people don’t know there’s a penalty for enrolling in Medicare late. While Medicare is optional, if you don’t enroll in it when you’re first eligible, enrolling in it later will cost you for the rest of your life. The Medicare enrollment deadline apparently isn’t well-known, because the number of people paying the penalty for […]
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 […]
What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.
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 […]
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 […]
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 […]
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 […]