New evidence shows that many people with type 2 diabetes test their blood sugar levels too often, which costs hundreds of dollars a year.
While there are ten different Medicare Supplement (Medigap) plans to choose from, over 50% of seniors choose Plan F. Plan F has benefits that are not included in other plans. Continue reading “Why The Most Popular Medicare Supplement Is Plan F” »
The amount Americans spend on prescription drugs has nearly doubled since the 1990s, a 2017 government investigation found, meaning the United States spends the most of any high-income nation. List prices rose 6% over the past 12 months alone, according to the prescription website GoodRx. Medicare drug prices soared 10 times the rate of inflation. Continue reading “The Most Expensive Prescription Drugs in America” »
Countless seniors rely on Medicare to cover their healthcare needs in retirement. But contrary to what you may have been led to believe, Medicare isn’t free. In fact, if you’re not careful, you could end up spending far more on Medicare than what’s actually necessary, especially if you make one of the following errors. Continue reading “Avoid These Costly Medicare Mistakes” »
It’s estimated that 70% of seniors 65 and over will need some type of long-term care in their lifetime, and that includes nursing home stays. Now if you’re eligible for Medicare, you might assume that if you wind up in a nursing home, your costs will mostly be covered. But actually, that’s not true. Unfortunately, there are a lot of services traditional Medicare doesn’t cover, and nursing home care is one of them. If you really want to protect yourself from this potentially colossal expense, then you’ll need to consider investing in long-term care insurance. Continue reading “Are Nursing Homes Covered By Medicare?” »
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.
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.
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.
Continue reading “7 Tips To Help Cut Your Prescription Drug Costs” »