Why fiscal Republicans should only vote Democrat
If you are a Republican, and consider yourself to have strong core Republican values, there is only one course of action this election season: borrow your local university president’s Prius, drive it slowly and considerately (carpooling with fellow Repubs, if possible) to the decrepit high school gym and/or fallout shelter, and vote nothing but Democrat.Read more
Predicting health care costs???
When we are confronted with the topic of health care costs (particularly those faced by retirees), numbers are often bandied about that seem not only vague, but oftentimes misleading.
Unfortunately, this is due to a serious lack of understanding amongst the American populace of the true extent of health care costs, and how greatly these costs will impact their lives and savings.
For example, a recent article by Michael Essany of Digital Journal titled, “Seniors struggling with health care costs, retirement planning,” highlighted this very issue. Mr. Essany reported that according to the Employee Benefit Research Institute, “out-of-pocket health care costs clocked in at $4,760 in 2011 for a 65-year-old in poor health, and $4,450 for a 65-year-old in good health.” (more…)Read more
2015 Medicare Part B premiums to stay level
For the third straight year Medicare Part B premiums are expected to remain the sames as they were in 2013 and 2014. The U.S. Department of Health and Human Services is reporting that “thanks to slower health care cost growth […]Read more
Affordable Care Act heavily favoring Medicare over Medicare Advantage Plans
With open enrollment for Medicare creeping closer many of those eligible may want to look at the fine print of the Affordable Care Act (ACA) before opting for coverage as this law appears to be designed to benefit those that choose to stay within Original Medicare instead of selecting a Medicare Advantage Plan (MA Plans).
Apparently, the ACA has created a very unique program to bring home health care to the chronically ill that will benefit only those enrolled in Original Medicare while leaving participants of MA Plans out in the cold to fend for themselves when it comes to Home Health Care.
On page 286 of the Affordable Care Act there is a section titled “INDEPENDENCE AT HOME MEDICAL PRACTICE DEMONSTRATION PROGRAM”.Read more
Women in Nursing Homes there can be choices
A simple vow, “To Death Do Us Apart” that a woman and man make to each other when unifying their eternal love for each other but the question that every financial professional should be asking each and every one of their clients: Whose death?
The easiest way to describe the problem of health costs is through a simple story of Mary & John, the quintessential couple that we have all heard about.
You know that couple: they are the ones that have been together for 60 years. They built their home together, raised children together, worked together, fought together, loved together and retired together, again the quintessential couple.Read more
Merrill Lynch survey – top retirement concern is health care costs
- CMS, CNBC, financial advisors, financial planning, financial plans, Health Care, Health Costs, Healthcare, Healthcare Costs, Medicare, Merrill Lynch, Retirement
According to a recent survey conducted by Merrill Lynch it would appear that, for people 50 years old and older, the major concern in retirement was the overall cost associated to health care.Read more
Death Panels – it looks like they are back
It would appear that conversation surrounding “Death Panels” is back in the forefront. Just last week, both ABC and the NY Times reignited the conversation surrounding the topic and how these “panels” were being mentioned and even implemented.Read more
Why was the Affordable Care Act created?
As the year known as 2014 comes to a close and the new year of 2015 creeps closer the subject of the Affordable Care Act (ACA) may start to overtake the conversation of Americans as the Individual Mandate may finally be enforced throughout the country.
The question, at times, that has been raised at many conferences and seminars I have spoken at has been “why was the Affordable Care Act even been created” especially as it would seem that it may not be all that affordable and that many people seem to be diametrically opposed to it.
The answer, believe or not, can actually be found in the law itself as it clearly states, with in HR 3590, on pages 124 through 134 of the “Individual Responsibility” section the reason why.Read more
Interview with Scott Halliwell of USAA
Jester Financial had a recent interview with Scott Halliwell, Media Spokesman for Personal Financial Advice at USAA on “Eyes and Ears Wide Open” which can be heard on WSMN 1590 AM, Nashua NH’s Source for News & Talk Radio. The […]Read more
Health Care Costs in Retirement, how much are they going to be really?
On the hearts and minds of many people in and heading towards retirement is the concern about what health care will really cost them in the future and if it will be as high as it is being predicted.
This concern is merited since up until very recently the thought of planning for any health care costs in any fashion was non-existent. According to a recent survey by Sun Life less than 8% of the US population has ever planned for their own health costs in any financial plan, let alone their retirement.
But, with the recent enactment of the Affordable Care Act coupled with the largest segment of the US population, the Baby Boomers, starting to retire the subject is now receiving some attention and rightly so as health insurance is something everyone must have.
So how much are health costs in retirement really?Read more