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 health care costs
Taking a bite out of health care costs – after Election Day
Rising health care costs are a concern for most Americans. And it’s especially true for senior citizens. With Election Day at our backs, however, the nation can again begin to address the issues that were seemingly put on hold while the candidates were on the campaign trail. In an article published today on the Crain’s Chicago Business website, editor Andrew L. Wang opened up the discussion of what the future may have in store for health care affordability. “Few expect major changes to the law’s fundamental pillars — the individual mandate, which requires most individuals to have health insurance, and
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