Aging and the need for long-term care can take us by surprise. For some people, the need for long-term care can come be brought on by a sudden event such as a fall, stroke, advancing dementia, or other health-related maladies. For others, it can slowly creep up over time and without realizing it one or […]
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Guide to Navigating Health Insurance Health insurance pays for medical, surgical, and sometimes dental expenses for covered individuals or insured family members. Health insurance can reimburse the insured, or pay the care provider directly. Most Americans receive health insurance as employer benefit packages, with premiums often deducted from employee paychecks. The cost of health insurance premiums is […]
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Family stereotypes when aging loved ones need assistance: Are You A Denier Or A Know-It-All When It Comes To Long-Term Care? About 10,000 baby boomers turn 75 each day. The U.S. Department of Health and Human Services reports that more than 70 percent of people over 65 will require long-term care services at some point. […]
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Long-term Care can be an expensive proposition that too few people are prepared for or understand. Unfortunately, most people don’t think about how they will pay for care until they are confronted by a serious health situation for themselves or a loved one. The worst time to start planning for Long-term Care is in the […]
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Have you ever discussed with your spouse and your family your wishes for long-term care? If you are like most people the answer is probably no. Studies show that families tend to avoid discussing topics that involve finances, health care, legal directives, and death. No surprise, these are not fun topics. However, if you are […]
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Climate change for seniors, what does that mean? The environment in which a senior lives will have a critical impact on their finances, health, and lifestyle. This is a dynamic that is often taken for granted. Our world keeps seeing the impacts of climate change hasten. Thus, it will become one of the most important […]
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Retirement Q&A: What younger people (in their 20’s) should be doing to prep for retirement now 1. Should all 20-year-olds consider saving for retirement? Working towards retirement should be a very high priority from the moment a person gets their first job. If someone has access to a 401K plan they should be maxing […]
What Age is a Senior Citizen? What it means to retire is much different today than it was in decades past. Traditionally, once a person turns 65 they are defined as a “senior citizen”, but the meaning of what it means to be a senior citizen is much different today. There are a couple of […]
Medicare Q&A: Your Cost and Coverage Questions Answered 1. Can You Contribute to an HSA Once Enrolled in Medicare? Once a person enrolls in Medicare, they are no longer eligible to contribute funds to an HSA. If a person is still employed at 65 (or covered as a spouse by an employer plan) and eligible […]
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Women face many challenges in retirement that are a result of roles they may have played earlier in their life. Challenges such as not working and losing out on income while raising children, if they were paid less over their careers than their male counterparts, if they didn’t have the opportunity to save and invest […]
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