Health Care costs
Don’t forget healthcare when planning your retirement
Of course, healthcare in the form of coverage for doctor visits and medical tests are, for most Americans, substantially covered by Medicare and/or Medicare Advantage plans from private insurers. But reality is that Medicare doesn’t cover everything, and a potentially…
Rural Hospitals Suffer as Medicare Advantage Plans Prosper
Medicare Advantage plans are private healthcare insurance plans which replace “original government provided Medicare,” and which are increasing popular. The reason for that popularity is that, for little or no additional cost, Medicare Advantage plans often provide additional coverage for…
Medicare Advantage vs. “original Medicare” and “Medigap”
Managing healthcare costs in retirement can be a daunting task. And no less daunting is how to chose between “original Medicare” provided by the federal government and “Medicare Advantage” provided by private insurers. There are obvious advantages and disadvantages to…
The current Medicare Advantage payment structure results in overpayments
Current research states that the millions of beneficiaries in traditional Medicare who have switched to Medicare Advantage plans have lower spending than those with similar health risks. Why is this important? CMS bases payments to Medicare Advantage health plans on…
Medicare for You: What You Need to Know Part 2
By Chiquita Brooks-LaSure, Administrator, Centers for Medicare & Medicaid Services Did you know you can save money on Medicare costs this year? The Inflation Reduction Act which President Biden signed into law in August 2022 will help you save money…
Navigating Financial Obstacles in Retirement
It can be a mine field, this process of building and managing a solid retirement financial picture. In fact, this mine filed is strewn with obstacles that can derail one’s financial plans quickly. Fox Business reporter Leia Klingel, in a post…
Social Security Benefits Losing Ground to Health Care Costs
HealthView Services (HVS ), considered to be a leading producer of health care cost-projection software, forecasts that health costs for today’s workers will at some point eclipse their Social Security benefits. Driven by a projected health care cost inflation rate of…