Is Assisted Living Tax Deductible

Is Assisted Living Tax Deductible

Is Assisted Living Tax Deductible? One very common question we hear at Medicare Life Health Co. is “Is assisted living tax deductible?” There are two answers: Yes, if the reason for living in an assisted care facility is primarily medical, then all the expenses for the facility, which includes meals and lodging, is deductible. No, … Read more

What is Average Retirement Income in America?

What is Average Retirement Income in America?

What is Average Retirement Income in America? The average retirement income in the United States varies by your region and age. However, understanding your number in relation to the “Average American” can be very helpful in planning. Deciding how much money you need to retire comfortably is a big decision. Sometimes people underestimate the amount … Read more

Life Insurance in Retirement, Do You Really Need it?

life insurance in retirement article with medicarelifehealth.com

Do You Really Need Life Insurance in Retirement? In retirement, you need a plan that will keep you healthy and happy for many years, but what happens when those years run out? Well, you need a plan for that too. Life insurance in retirement is one solution. We all will end up in different financial … Read more

Cash Budget and The Envelope Method

Easy Ways to Save Money using the cash budget and envelope method

Easy Ways to Save Money – Cash Budget and The Envelope Method Today, we are talking about the cash budget / envelope method strategy as an easy way to save money. However, first, we need to address: credit cards.  We love them.  First, we love the ease of quickly swiping your card at checkout and … Read more

Easy Ways to Become Debt Free Before Retirement

Easy Ways to Become Debt Free Before Retirement with Medicare Life Health

Easy Ways to Become Debt Free Before Retirement As you begin to think about retirement, you’ve probably thought about things like draw-down strategies and the amount you will need for yearly expenses. And, as you probably know, the lower your yearly expenses, the less you will need in your retirement nest egg. So, if you’re … Read more

What is Long Term Care Insurance?

what is long term care insurance for senior care

What is Long Term Care Insurance? Long Term Care Insurance Polices provide cash to cover the cost of your care when you cannot take care of yourself. At some point, you may need help to get through each day. Hopefully, you have family and friends to help you, but even they can only help you … Read more

7 Best Frugal Living Tips for Seniors

The 7 Best Frugal Living Tips for Seniors

7 Best Frugal Living Tips for Seniors During various points in our lives frugal living is bound to have a different meaning.  While we are young, or have small children, frugal living may include things like couponing or discounts on things for ourselves or our children.  As we age though, frugal living tips for seniors … Read more