Health Hacks – How to Save Money on Health Care Costs What are health hacks? They are tricks or lifestyle changes that can save you money on your health care costs. You may recall from our last health care costs post: a study done by Fidelity finds that American couples will need about $285,000 saved to … Read more
Save Money on Health Care Costs Once you have started working on your Financial Plan and Health Insurance Plan, it’s time to focus on your “Preventive Savings Plan” to save money on health care costs in retirement. Health care is often the #1 cost for retirees. According to a study done by Fidelity, not including … Read more
What is Indexed Universal Life Insurance (IUL)? Do I Need One? What is Indexed Universal Life Insurance (IUL)? That is a question we hear often as IUL’s have been increasing in popularity. I am sure we will hear it even more as they are expected to continue to rise this year. They have become popular … Read more
The Most Frequently Asked Medicare Questions (FAQ’s) & Answers Once you are familiar with the basics of Medicare, these are the Medicare questions we hear the most often that you might have too. If you are starting from the beginning and do not have a basic understanding of Medicare, we recommend checking out our pages … Read more
Medicare Part D Prescription Drug Plan Information Part D of Medicare covers Prescription Drugs. There are different Part D Prescription Drug Plans available. When you choose a plan you will find various costs and coverage. However, the government establishes a “standard level of coverage” that each plan must meet. Each plan has a formulary – … Read more
Medicare Advantage vs Medicare Supplement (Medigap): What Medicare Plan is Best for Me? I am a firm believer that there is a good Medicare health plan out there for everyone. Moreover, there might even be more than one good choice out there for your situation. If there is more than one good choice available to … Read more
What is Medicare Advantage? In this article, we look at what is Medicare Advantage (aka Medicare Part C). As we discussed in our Medicare 101 Post, there are two different Medicare paths. You will choose one when you are setting up your health care in retirement. Path One = Original Medicare, Part A and Part … Read more
What are Medicare Supplements? What are Medicare Supplements? First, Medicare Supplements have many names: Medigap Policies, Med Sup, Medicare Supplement Insurance. However, they all refer to the optional insurance coverage taken on by Original Medicare participants. Medigap or Medicare Supplement coverage helps them in covering costs that the Medicare does not pay. For example, Medicare … Read more
What is Medicare? Medicare is the U.S. national health care program that provides seniors age 65 and older, and some disabled people, with health insurance. The U.S. government started the program in 1966. The Centers for Medicare and Medicaid Services runs these programs. Medicare also covers people with end stage renal disease and amyotrophic lateral … Read more