Don’t Miss These End of Year Healthcare Deadlines

An average 65-year-old couple retiring today will need an estimated $285,000 to cover their healthcare costs.[1] This doesn’t even include long-term care costs, which can run as high as $253 per day on average for a private room in a nursing home or $119 per day on average for care in an assisted living facility [...]

2020-12-14T13:41:47+00:00December 14th, 2020|Financial Planning, Healthcare|

How Much Could Long-Term Care Cost You?

If you have elderly parents or know someone who does, you already know that there are many hard decisions to make when it comes to long-term care, especially during the pandemic. And figuring out the finances can be even harder. Trends could change in the coming decades, such as moving long-term care into the home, [...]

2020-11-15T22:24:24+00:00November 15th, 2020|Financial Planning, Healthcare|

4 Things to Know About Medicare This Month

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs, according to one study.[1] With the Medicare fall open enrollment period starting on October 15th, it’s time to assess your options or start thinking about your Medicare strategy [...]

2020-10-12T02:15:42+00:00October 12th, 2020|Healthcare|

Moving Long-Term Care Into the Home

There is a shift away from providing long-term care services in hospitals and nursing homes to proving them in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors for months during the pandemic, understandably leading to many worried families and [...]

2020-10-09T11:56:06+00:00October 9th, 2020|Healthcare|

3 Things to Know About Covering Healthcare Costs In Retirement

Consider that the average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs in retirement, and this does not include long-term care costs.[1] Many people assume that Medicare will cover all of their healthcare needs, but Medicare is neither free nor comprehensive healthcare coverage. There can potentially be many out-of-pocket healthcare [...]

2020-07-30T00:07:19+00:00June 1st, 2020|Healthcare|
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