Preparing for retirement can be a career-long endeavor, but no matter the level of preparedness, retirees can sometimes be faced with issues that they never could have planned for. Often, those unexpected items fall under the umbrella of health-care costs and needs. For many retirees over the age of 65, Medicare is the primary source of coverage. When supplemental coverage is needed, it can often come in the form of employer plans and individual Medigap policies or HMOs. The recommendations from the Society of Actuaries, however, include other outlets that retirees can look to when faced with unexpected costs. Therefore,
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Archives for coverage
Medicare – Is it time for a personal change?
As we here at Freedom Home Care outlined in a recent blog post, there are several different facets surrounding Medicare and what it can offer an individual. Additionally, individuals’ needs are prone to change and with it, so should their Medicare coverage. According to the Centers for Medicare and Medicaid Services website, individuals have the opportunity to change their health plans and prescription drug coverage between Oct. 15 and Dec. 7. Therefore, the time is now to make assessments and then make the necessary adjustments, if need be. Information on 2013 plans are now available online to help with the
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