Healthcare Costs

2020 Medicare Part D premiums – good news they are trending lower

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2020 looks to be another good year for Medicare beneficiaries in terms of prescription drug coverage (Part D) as premiums nationally have decreased yet again for the second straight year. In 2020 the national average premium, according to the Centers of Medicare/Medicaid Services (CMS) is projected to be about $40.61 a month for those who […]

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Guess what? The government thinks you are rich

Good news! The government thinks you are rich and they are about to tax you accordingly. Bad news! Your financial advisor doesn’t see the problem they created and you don’t feel rich. Where the disconnect happens is once you are retired, you will enroll in Medicare and begin taking Social Security. Within Medicare there is […]

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2019 Medicare Board of Trustees Report

The 2019 Medicare Board of Trustees Report has been released and the following is a breakdown of what can be expected in the future from Medicare, through at least 2028. The data is courtesy of the 2019 Medicare Board of Trustees Report. Part A: The Part A Deductible is expected to inflate 3.53% annually. The […]

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U.S. Debt is over $20 Trillion…don’t worry about it, you will pay it down…really.

It is being reported that the U.S. debt is over $20 Trillion and for many there is a belief that there is no turning back as there would appear to be no ability to even attempt to pay off this huge amount let alone some of it…unless of course there are some reform to how our nation’s […]

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4 conversations that must take place with your financial advisor

4 conversations that must take place with your financial advisor! In retirement income is the key. Without it the ability to maintain your life-style as well as fund the basic necessities is next to impossible. Unfortunately, though, the rules have changed and not all income is the same in retirement. When it comes to health […]

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US News – 6 Ways to Protect Your Pocketbook From Sky-High Medical Bills

Dan McGrath, the co-founder of Jester Financial Technologies, a small health care data company in Beverly, Massachusetts, remembers being in the dentist office with his retired mother and realizing he’d made a grave mistake. He’d let his mother navigate her own Medicare coverage and that resulted in a $12,000 bill for getting a few teeth […]

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CNBC “Are health-care costs really ‘just’ $245K in retirement?”

When it comes to planning for health care in retirement, I want to discuss a recent report from a financial services corporation that estimates a couple age 65 today should expect to incur $245,000 in total health-care expenses in retirement. For those who have experienced our nation’s health-care system at work — and the total […]

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Fidelity Investments $245,000 health care cost estimate is less than truthful and they know it

Fidelity Investments is at once again at it in terms of espousing healthcare wisdom. They announced their new projections on what retirees can expect to incur as costs for their health coverage in retirement, and it seems more than a little disturbing, especially when little things like facts and math are figured in… But hey, why […]

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