Medicare Costs 2018
In 2018 the Medicare costs are as follows: Part A: Hospital Insurance. Premium: $422.00 a month. Many people qualify for a premium free benefit of Part A as they have paid taxes for it while working. Deductible: $1,340. This is […]Read more
The top 10 most and least affordable States for health coverage in retirement
In retirement, when it comes to your health coverage there is only Medicare. Medicare, which is broken into parts, with each part specifically covering certain types of healthcare, is, unfortunately, not exactly free. Though, Medicare Part A is considered to […]Read more
Calculating health costs in retirement
- Healthcare Costs, Medicare, Medicare Modernization Act, MediGap, Part B, Part D, Retirement
When it comes to calculating health costs in the retirement it may not be as complicated as first thought as the tools, for the most part, are there. Why this may not be as difficult as first thought is that […]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
Fidelity Investments’ $220,000 Healthcare Number, is it right
- Annuities, Fidelity, Fidelity Health Care, financial planning, Health Costs, Healthcare Costs, Life Insurance, Market watch, Means Testing, Medicare, MediGap, Part B, Part D, Plan F, Retirement, Social Security
It seems like every spring season there is a new healthcare amount announced by Fidelity Investments for people who are turning 65 during the year and this spring season is only slightly different from the last.
This difference lies in the total cost or the reduction of the overall cost of projected healthcare, which Market Watch, ABC, Kiplinger’s and even Nationwide is also heralding.
For those who are 65 years old today and entering into retirement today they are being told by Fidelity and the financial community to prepare for a total cost of $220,000 for their healthcare in retirement which, just happens to be a reduction from the previous year when Fidelity pegged the total cost at $240,000. (more…)Read more