Medicare Website Can Help In Choosing A Nursing Home

When you hear about Medicare, you probably think of the federal program that helps pay for older adults’ health care. What you may not realize is that another of Medicare’s major responsibilities is to inspect health care facilities to make sure that patients receive safe and high-quality care. Among those facilities are the nation’s more than 15,000 nursing homes.

Continue reading “Medicare Website Can Help In Choosing A Nursing Home” »

CMS Projects Health Costs To Rise Over Next Decade

National health expenditure growth is expected to average 5.5 percent annually from 2018-2027, reaching nearly $6.0 trillion by 2027, according to a report published today by the independent Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS).

Continue reading “CMS Projects Health Costs To Rise Over Next Decade” »

See What Medicare Covers With Free App

Let’s say you go for your annual physical and your doctor recommends that you get a hearing and balance test. Or an electrocardiogram (EKG). Or a Hepatitis B screening.  Does your Original Medicare cover these services? Now there’s a quick way to find out, using your smartphone or tablet.  It’s Medicare’s new “What’s Covered” app and it’s free. You can use the app right there in the doctor’s office, hospital, or anywhere else you use your phone or tablet.

Continue reading “See What Medicare Covers With Free App” »

Why The Most Popular Medicare Supplement Is Plan F

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 Most Expensive Prescription Drugs in America

pill bottle

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” »

Avoid These Costly Medicare Mistakes

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” »

Are Nursing Homes Covered By Medicare?

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?” »

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.

Continue reading “Retirement Expenses Most People Underestimate” »