Archive for the ‘Healthcare’ Category
Sunday, March 2nd, 2008
At one point, the buzzword was “viatical settlements,” a practice of selling one’s active life insurance policy to a company that would pay the insured the estimated present value of the death benefit so uninsured healthcare costs and related expenses could be paid. Such settlements grew in popularity during the ...
Posted in Estate Planning, Healthcare | No Comments »
Tuesday, February 5th, 2008
Last year, new provisions went into effect on Health Savings Accounts (HSAs) that not only give individuals a better nest egg for serious health situations, but a nest egg that can serve them in other ways as well.
Now that the rules allow people to contribute more than their deductible, ...
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Tuesday, February 5th, 2008
Getting surgery overseas used to be the territory of the rich and secretive – the heiress running outside the country for a little plastic surgery and some R&R. But today, the rising number of underinsured Americans (over 61 million at last count) in the United States have made overseas healthcare ...
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Wednesday, February 15th, 2006
President Bush signed into law in February the Deficit Reduction Act, otherwise known as the fiscal year 2006 budget reconciliation bill. That law, which contained more than $39 billion in cuts, including $6.4 billion from Medicare and $4.8 billion from Medicaid, has plenty of changes in store for seniors.
Under the ...
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Friday, January 20th, 2006
Of all the changes that come in retirement, few are likely to give you more concern than dealing with money. Your concern is, of course, understandable and widely shared because so much of what will happen is unpredictable. That’s especially true of how long and how well you may live—whether ...
Posted in Healthcare, Long Term Care Insurance | No Comments »
Saturday, October 8th, 2005
Starting January 1, 2006 Medicare will offer for the first time in its 40-year history coverage for prescription drugs. The coverage, which is called Medicare Part D and is voluntary, will be available to all people with Medicare, regardless of income level and resources, pre-existing conditions, or current prescription expenses, ...
Posted in Healthcare, Retirement Planning | No Comments »
Wednesday, July 20th, 2005
Often described as an individual retirement account for medical expenses, health savings accounts (HSAs) are billed as the elixir to rising health care costs, according to the Journal of Financial Planning.
But what are HSAs? Simply put, a HSA is a special account owned by an individual in which ...
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Tuesday, March 1st, 2005
The inability to pay mounting medical bills was the main cause for filing nearly half of all personal bankruptcies in 2004, according to a study recently released by Harvard University?s medical and law schools. So what can you do to avoid a financial disaster due to medical expenses?
Don?t assume ...
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Tuesday, February 1st, 2005
Workers retiring early typically worry about how much they’ll have to stretch their limited retirement dollars so as not to run out of money. That’s certainly an important concern. But many early retirees overlook another major issue: adequate insurance, particularly medical.
Workers retire early for two major reasons: they are psychologically ...
Posted in Healthcare, Long Term Care Insurance | No Comments »
