Category Archives: Health Savings Account (HSA)
How Much Money Is Needed for Long-Term Care?
You probably know that healthcare is a big expense for retirees. If you don’t, it is important to understand that the cost of long-term care is very high. Research shows that 70% of seniors 65 and over will require some type of long-term care in their lifetime. This could be as little as a… Read More »
Do I Need Long-Term Care and Why?
A recent article by Forbes entitled “Does Medicare Pay For Long-term Care? Don’t Make A Big Mistake!” explains that there are several settings that provide long-term care. These include adult day-care centers, nursing facilities, assisted living facilities and residential care communities. Many people think Medicare pays for long-term care because there are some services… Read More »
Government Programs That Can Pay for Some Caregiver Services
If you have a loved one who needs caregiver services, you might be looking for ways to help the person pay for the care. Your state might offer assistance with more services, or might not cover some of the items in this article, but here is a general overview of government programs that can… Read More »
Timing Is Everything Where Medicare’s Concerned
There are many complex rules about transitioning from employment-based health care coverage to Medicare, and mistakes are expensive and often, permanent. That’s the message from a recent article in The New York Times titled “If You Do Medicare Sign-Up Wrong, It Will Cost You.” Tony Farrell did all the right things — he did… Read More »