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medical premiums

Will Your Health Premiums Go Up Next Year?

The short answer is that we don’t really know. One recent study says insurance premiums for many people could rise by 40% next year under the Patient Protection and Affordable Care Act, but also claims that others could see premium decreases. The new study by Milliman consulting firm, on behalf of Center Forward, a bipartisan organization, focused […]

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Choosing A Continuing Care Retirement Community (CCRC)

 If you are looking at CCRCs,  or Continuing Care Retirement Communities, for yourself or a family member, here’s a helpful article from Marketwatch that should be on your reading list. Author Jack Tatar gives tips on how to choose the right CCRC community and what types of questions to ask regarding lifestyle features, contract details and options, […]

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Help! My Long Term Care Premiums Went Up 44%!

Imagine getting a notice in the mail saying your annual long-term care insurance premium was going to increase a whopping 44%! That’s exactly the situation faced by one of our clients in early April. Here’s how she handled it, and why, even after the increase, she thinks her long-term care policy is a great deal. Why the rate […]

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Helping Nurses Put Their Own Finances First

We all know that nurses spend their time taking care of others. Yet, according to an industry survey, 61% of nurses say they do not have time to focus on securing their own retirement because of other time consuming priorities. 59% say they do not even know where to begin. And just 6% of nurses say […]

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prescription costs

Wealthy See Health Care Costs As “Biggest Threat”

I was out yesterday picking up a prescription, and was stunned to see that my refill cost $168 out-of-pocket for a month’s supply. Since I refilled a $171 prescription (also out-of-pocket) for my son a few days before, I did the math to realize that two prescriptions were costing me over $4,000 per year, on top of insurance premiums, […]

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health care costs

Health Care Costs: How Does Your Plan Compare?

We are all concerned about the high cost of health insurance. The average cost of family health insurance coverage for private sector employees in Florida is $15,032, according to 2010 data provided by the National Conference of State Legislatures, a bipartisan organization serving the legislators and staffs of the nation’s 50 states. But here’s something you may not […]

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health care costs

Medicare Tops Seniors’ Financial Concerns

More seniors (61%) are concerned about the future of Medicare than about any other financial issue, according to a recent survey. “I don’t think it’s a big surprise,” said Mary Dale Walters, senior vice president at Allsup Medicare Advisor, sponsor of the survey, adding that most seniors rely on Medicare for their health care coverage. […]

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7 Little Known Facts About Long-Term Care

No one can dispute that long-term care is a huge and growing need.  Last year, some $6.6 billion in long-term care benefits was paid to about 200,000 individuals. Here are some interesting facts about long-term care that you may not know, based on an analysis of more than 160,000 claims paid by a leading insurance company in 2011: 1).  […]

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health care retirement

Quote Of The Week: Taming The Cost Of Health Care In Retirement

Carolyn McClanahan is both a physician and a financial adviser. When asked by clients how to prepare for health care costs in retirement (estimated on average to cost $240,000 per couple), she urges them to focus on what they can control – their own lifestyle choices.  Here’s her advice for clients:  “I have no idea what health […]

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Friendly Medical professionals

Baby Boomers Concerned, Confused by Medicare

90% of baby boomers surveyed say they are “concerned” about the future of Medicare especially in light of the upcoming presidential election, as revealed in a recent eHealth survey (eHealth offers one of the nation’s largest online health insurance marketplaces). Medicare and Medicaid make up about 20% of all U.S. government spending. Baby boomers were tested on 4 Medicare “myths.” Results […]

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