Author: Chris Kennedy
Retirement Expenses Most People Underestimate
When we think about retirement, many of us are wired to assume that our costs will naturally drop as a result of no longer working. But we may be overestimating the extent to which that might happen. While it’s true that some expenses, like commuting, go down in retirement, others are, in fact, likely to climb. Here are five in particular that tend to catch retirees off guard.
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5 Things You Should Know About Social Security
If you’re a long way from retirement, knowing the ins and outs of Social Security might not seem particularly important. However, your Social Security benefits should play a key part in your retirement planning process — and you can’t factor in your Social Security benefits if you don’t understand how they work. The result will be a retirement plan that’s either overly optimistic or overly pessimistic.
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7 Mistakes To Avoid When Filing For Social Security Disability Benefits
It is most likely that your Social Security disability application and appeal will take two to three years. However, during this long process there are mistakes you need to avoid making that could disrupt your claim. Here are 7 of the biggest mistakes made when filing SSDI claims:
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What You Need To Know: MEDICARE vs. MEDICAID
Understanding Medicare vs. Medicaid for maximum benefits
Medicare and Medicaid can be confusing, partly because the names sound so similar. But they’re two very different government healthcare programs. Medicare focuses on adults age 65 and older and Medicaid focuses on low-income individuals and families. The benefits, costs, and eligibility requirements are different for each program. Neither program has automatic enrollment so it’s important to understand what each one offers. Knowing which to apply for helps maximize your healthcare benefits.
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7 Tips To Help Cut Your Prescription Drug Costs
Soaring drug prices have grabbed headlines over the past couple of years, including the skyrocketing cost of an AIDs drug from $13.50 to $750, EpiPen’s massive hike, the spike in insulin costs, and the escalation of the costs of other lifesaving treatments. In these days of sky-high drug costs, Medicare recipients, particularly the 90% on a fixed income, are looking to get their prescription drug costs under control.
So, if you have a Medicare Part D prescription drug plan, what can you do to get your costs under control? Here are some tips for “what if” situations.
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What Are The Benefits of Medicare Plan F?
Of the Medigap plans available, Plan F provides the widest array of benefits and the most comprehensive coverage. Plan F and Plan C (not to be confused with Medicare Part C), the second most popular Medicare Supplement plan, are sometimes referred to as “first dollar” plans: They cover Medicare copays and co-insurance from the very ‘first dollar.’
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Social Security: When Should You File?
Are you better off filing for Social Security benefits as soon as you hit age 62, waiting until full retirement age, or holding off even longer? Choosing the right time to file can help maximize the benefits you receive.
How Is The Trump Healthcare Plan Different From Obamacare?
President Trump’s plan to reform healthcare took a big step forward recently when the House of Representatives voted to repeal and replace Obamacare with an entirely new health insurance system. This new health insurance program — the American Health Care Act, or Trumpcare — is very different from the Affordable Care Act, or Obamacare.
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What Does Medicare Cover for People With Diabetes?
For people with diabetes, Medicare Part B will cover blood glucose monitors, test strips, lancet devices, and lancets. In addition, glucose management solutions for those with diabetes are covered whether someone uses insulin or not.
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