Medigap or Medicare Supplement policies fill in the holes that Original fee-for-service Medicare does not cover. A Medigap policy helps you pay your co-pays and co-insurance for Medicare Part A (hospital) and Part B (physician) services. It is the secondary payer after Medicare. Maryland and Virginia insurance regulators have consumer guides that can help you […]
Archive | Insurance Needs for Retirees
Medicare 2016 Part B Premium to Stay the Same for Most Seniors but Increase 50% for Others
Medicare Part B premiums are projected to increase by over $50/month for about 30% of Medicare Part B enrollees who currently do not receive Social Security benefits. Medicare will not finalize this increase until later this fall. As of now Medicare Part B premiums are projected to increase to $159.30/month for new enrollees, enrollees who […]
7 Tips to Buy Long-Term Care Insurance
Here are seven tips to help you purchase a long-term care insurance policy that fits in your retirement plan. Long-term care insurance has many moving parts and features, but basically you are buying a daily dollar amount that pays for care in different settings for a certain amount of time. The more the policy pays for […]
Whether to Buy Long-Term Care Insurance or Self-Insure
One of the toughest decisions to make concerning your retirement is how to deal with long-term care should you or your spouse need it. Long-term care is generally synonymous with custodial care that is received in a nursing home, assisted living community, or at your home. Long-term care is required when you need help with two […]
6 Tips to be Retirement Ready
Are you thinking of leaving your job soon but unsure whether you are retirement ready? Follow these tips and you’ll be on your way to a financially secure retirement. But before the financial tips, the most important part of retirement is how you spend your time now that it is not structured as when you were […]
4 Tips to Make Medicare Work for You
You are on the verge of age 65 and you are not sure what to do with Medicare? Ask yourself these four questions and you will be better off. Just a quick reminder — Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people […]