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benefits pro out on a limb

Quote Of The Week: Millions Of Americans One Medical Emergency Away From Financial Ruin

“With more than 50 percent of U.S. households having less than $1,000 in savings and more than half of the workforce having a deductible greater than $1,000, millions of Americans are a bad stubbed toe away from financial ruin.” Dave Chase of Health Rosetta, as quoted by Dan Cook, “Out on a limb: Predictions for […]

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Why No One Likes IRMAA: Medicare’s Stealth Tax Targets Higher Income Retirees

We’ve gotten more than a few calls this week from clients about those nasty Medicare premium hikes. Specifically, we’re talking about increases in your Medicare premiums because the government says you made too much money. Here’s the scoop: All about IRMAA We’re talking about IRMAA (Income Related Monthly Adjustment Amount), which is an extra charge added […]

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banana special

Quote Of The Week: Why Health Care Billing Is Totally Crazy

When his wife was told by her physician to get a routine medical diagnostic test, employee benefits consultant Carl Schuessler went to work comparing prices at medical facilities near his Atlanta, Georgia home. What he learned about medical pricing totally blew him away. Prices ranged from $450 to over $3,000 for the identical procedure. Some […]

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public domain family doctor

Some Perk! Your Health Insurance Now Costing Nearly $20k Per Year

Does your family get health insurance through your workplace? Here’s some numbers that may shock you. The total cost of that insurance coverage, even before you pay for any doctor’s visits or other expenses out of pocket, is a staggering $20,000, reports CNN. In most workplaces, you (the employee) pay a small portion of the […]

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More Money In Your Pocket: Are People Overestimating Health Care Costs in Retirement?

Here’s what may be some positive news about retirement. Several studies have estimated health care costs in retirement at $5,000 or more per year, per person. For 16 years, Fidelity Investments has surveyed retirees to get a good estimate of their health care costs. Their research has found that a typical 65-year old couple retiring this year […]

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serena williams

Balancing Being Mom With Work: Never An Easy Task

Work? Kids? Family? Friends? How is it possible to balance it all? It’s not easy, as we all know. I still have vivid memories of waking up at the crack of dawn, getting dressed for work, packing lunches, getting two toddlers ready for day-care drop off, then making it to an early morning work meeting, […]

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Quote Of The Week: Becoming A Caregiver, 30 Years Earlier Than Expected

“There comes a point in time where everyone has to care for a parent. It just happened 30 years sooner than I ever anticipated it.” Interview with Adrienne Glusman, who became her mother’s caregiver at age 29, as interviewed by  Clare Ansberry, “The Call to Care for Aging Parents Comes Sooner Now,” The Wall Street […]

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healthcare costs meds

Retirement’s Big Health Care Bill, And How To Tame It

How much do you need to budget for health care expenses in retirement? Spoiler alert: It’s a big number with a lot of zeroes. According to Fidelity Investments, which has been measuring health care costs since 2002, staying healthy will run the average retiree couple about $9,400 per year, or almost $800 per month. That […]

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aging mom with daughter

A Tough Decision: To Age In Place Or Not?

We’re having a conversation with our widowed client Betty and her daughter Karen (names have been changed) about whether she plans to stay in her home or start looking into independent living communities. It’s a tough decision, and one that comes with more than its share of emotional baggage. Our expertise, of course, is weighing […]

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Disability Awareness Month: Yes, It Can Happen To You!

May is Disability Insurance Awareness Month. Disability insurance can provide income protection if you are unable to work. Disability is more common than you think. One out of every four 20-year-olds will become disabled and be out of work for 12 months or more before they turn 67. Disability can stem from many causes, including […]

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