Posts with the category ‘Health Insurance’

Can You Reduce Your Lifetime Health Care Costs by Staying Healthy?

–Elaine Floyd, CFP® An apple a day keeps the doctor away – and spares you the bill for medical services. Does this logic carry over into lifetime health care planning? Can you reduce your lifetime health care costs by staying healthy?   Apparently not. The Center for Retirement Research at Boston College has revealed the counterintuitive finding that married couples who are the healthiest at age 65 – that is, those with no chronic conditions such as diabetes, cancer, or… Read More

20 Ways to Use Up Your Flexible Spending Account

By Tim Parker   The end of 2017 is almost here. If you have a flexible spending account (FSA) – there are two kinds: one for health and medical expenses and one for dependent care expenses – this means that you’re likely up against a use-it-or-lose-it scenario. It’s possible that your company might offer you a rollover of $500 or a grace period in which to use up your leftover funds, thought it can’t offer both, but whatever they offer…. Read More

Coping with Medical Bills

Prepared by Broadridge Investor Communication Solutions, Inc. A single procedure or trip to the hospital can fill your mailbox with stacks of bills. These can come from hospitals, doctors, pharmacies, emergency rooms, labs, and many others. The stress involved with handling all of this paperwork can be almost as overwhelming as the illness or injury itself. If your medical bills start to pile up faster than you can pay them, don’t wait for a crisis to occur before doing something… Read More

Planning for Future Health Care Costs

Prepared by: Elaine Floyd, CFP® The usual method for estimating spending needs in retirement is to take your post-retirement household budget and tack on an inflation rate, such as 3%. Some expenses may increase at a faster rate than the inflation rate you use, others at a slower rate, but overall, expenses such as housing, utilities, food, and so on, should rise with the general rate of inflation. Read more here: Planning for future health care costs 1672729.1  

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