TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
Does Medicare Pay for Long-Term Care?
“Medicare does not pay for long-term care, so you may want to consider options for private insurance.” This is stated on every person's Social Security Earnings Report (as seen in the photo), yet many people still have not planned how they...
How Do I Pay for Long-Term Care?
Seventy percent of Americans that are 65 or older are expected to need long-term care services at some point in their life, according to the U.S. Department of Health and Human Services. Unfortunately, when people need care, they are not...
What is Long-Term Care?
Long-term care has evolved a lot over the course of the last few decades in the United States, but it is still a mystery to many. On a basic level, long-term care is a variety of services that help people live as safely and independently as...
What happens when one spouse goes on Medicare and the other isn’t eligible?
While it would be convenient for spouses to have the exact same birthday, this is not usually the case. For many couples, their age gap becomes a problem when it comes time to sign up for Medicare. When one spouse goes on Medicare and the other spouse is...
Medicare vs Medicaid
Medicare and Medicaid are regularly used interchangeably, but they are very different programs. While both were established by the U.S. government in 1965 to cover healthcare costs and are taxpayer funded, that’s about where the similarities end. Do you know the difference between Medicare and Medicaid?
What is Medicare Part B?
Many refer to Medicare as “alphabet soup”, and Part B is one letter of this. Medicare Part B is one part of Original Medicare, which is made up of Part A and B. While Part A is hospital insurance, Part B is medical insurance, covering doctor and outpatient...
What is Medicare Part A?
Medicare is made up of four parts: Part A, Part B, Part C, and Part D. Many people getting ready to start Medicare, even people already on Medicare, don’t know exactly what all these parts cover. Part A and Part B are referred to as Original Medicare....
What is Medicare?
Every day, an average of 10,000 people turn 65. After years of paying taxes, these people finally get the opportunity to sign up for Medicare. Medicare is a federal health insurance program, funded by the Social Security Administration, for Americans 65...
9 Ways To Pay For Long-Term Care Without Buying Insurance
Credit: Next Avenue When H. Frances Reaves, of Miami, had to place her parents in long-term care facilities in 2014 and 2015, she thought it would be a relative easy, at least financially. After all, her parents had bought long-term care insurance decades...
Can I Get Life Insurance on my Parents?
When a parent dies, the last thing a child wants to think about is how they are going to pay the bills. For many, this is a sad reality. There are many things that adult children might have to pay for after a parent passes, including: Income for the...
