Below you'll find a list of all posts from 2023
Medicare and Medicaid are government-backed healthcare programs that serve different groups of people and have different eligibility requirements. Some people may qualify for both programs. It’s important to understand the differences between Medicare and Medicaid and how each one works so that if you’re eligible for either or both, you can receive all the benefits offered to you.
If you’re like many workers in the U.S., you may have been saving money in a health savings account (HSA) for years, which can be helpful should you face medical expenses during retirement.
But once you reach age 65, which is when you reach Medicare eligibility, contributing to an HSA becomes a bit more complicated. While you can use HSA funds to pay Medicare premiums, you cannot continue contributing to your HSA after enrolling in Medicare.
While prescription drugs can help older adults manage various health conditions as they age, paying for medications can also put a serious strain on a person’s budget. In fact, the Health Policy Institute at Georgetown University found people ages 65 to 79 spend an average of $456 a year out of pocket on prescription drug expenses.
Medicare Supplement Insurance, also known as Medigap, is a type of insurance policy that helps cover the gaps left by Original Medicare. While Original Medicare covers most medical expenses, it doesn’t cover everything, leaving you with some out-of-pocket costs like deductibles, copayments, and coinsurance. Medigap policies are sold by private insurance companies and can help cover some or all of these costs. Here are the top 5 frequently asked questions about Medicare Supplement Insurance:
As people age, the likelihood of requiring medical attention increases significantly. For individuals age 65 and over, healthcare expenses can become a considerable financial burden. Fortunately, there is a solution that can help alleviate the cost of healthcare for seniors – Medigap
As we age, the idea of happiness may seem like an elusive concept, but it doesn’t have to be. In fact, studies have shown that people over 65 years old are among the happiest demographic groups. So, what can you do to ensure that you continue to be happy well into your golden years? Here are some tips:
Medicare is a federal health insurance program in the United States that provides coverage for eligible individuals who are 65 years or older, younger people with disabilities, and people with end-stage renal disease.
As we age, making new friends can become more challenging. We may no longer be in the workforce, we may have moved to a new location, or our social circle may have diminished over time. However, it’s never too late to make new connections and expand our social network. Here are the top 10 ways to make new friends over 65.
Medicare is a federal health insurance program in the United States that provides coverage to individuals who are aged 65 and older, individuals with certain disabilities, and individuals with end-stage renal disease. The program was signed into law by President Lyndon B. Johnson in 1965 and has since become an important part of the social safety net for millions of Americans.
As we age, the cost of healthcare tends to rise, and many individuals find that their Medicare coverage doesn’t quite cover all of their medical expenses. This is where a licensed Medicare supplement agent can help. A licensed Medicare supplement agent can guide individuals through the process of choosing and enrolling in a Medicare supplement plan that can help them cover the costs that their original Medicare plan does not.
