Retirement Healthcare and Medicare
Retirement expert Bob Carlson’s research and knowledge on how to get the most out of healthcare options
Found 324 Articles.
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Exchanging Other Policies for Long Term Care Insurance
Consumers can exchange tax free old life insurance policies or annuities for long-term care insurance (LTCI) policies, under a 2006 law that became effective Jan. 1, 2010. Unfortunately, few people have been able to take advantage of the law. The idea behind the law is to give another option to people with cash value life […]
Knowing When Long Term Care Insurance Will Pay
Will a long-term care insurance policy (LTCI) pay benefits when you need them? Uncertainty about the answer to that question keeps many people from purchasing LTCI. Media reports, rumors, and data also confuse or create uncertainty among potential buyers. In the early days of LTCI reports and anecdotes indicated that insurers made their money by […]
Reviewing the New Medigap Policies
All the hoopla over health care reform overshadowed a change in Medicare Supplement Plans. The biggest changes in years for these plans took effect in June 2010 but have received little notice. Participants in traditional Medicare often buy Medicare Supplement plans, or Medigap policies, to cover some of the costs not covered by Medicare, such […]
Searching the New Medical Insurance Law
The new health care laws, The Patient Protection and Affordable Care Act of 2010 and a companion law, make sweeping changes in how your medical care is financed and provided. The changes are phased in now through 2018. The law is too broad to cover everything in this monthly visit or even several visits. I […]
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Estimating Retirement Medical Expenses
The spending wildcard in most Retirement plans is medical care. For many years, we were largely on our own when estimating these costs. Recently, detail-ed estimates of retiree medical spending have been issued to guide our planning. The latest estimate is that the typical married couple, with each spouse each 65 today, jointly will spend […]
Dealing With Increases in Long Term Care Insurance Premiums
Increases in premiums on many long-term care insurance (LTCI) policies are coming. Some of you already received notice of them. Others will receive notices soon. You need a plan for dealing with these increases (and likely future increases), and policyholders who don’t face the increases now should learn lessons from them. The increases generally are […]
Writing Off Long-Term Care
At least some of the expenses of a nursing home or assisted living facility usually are deductible. The amount of the deductions depends on the circumstances. You have to know the rules to maximize your deduction. When the primary reason for residing in a nursing home is one’s physical condition and the availability of medical […]
Knowing When Long Term Care Insurance is for You
Insurers and insurance agents often are mystified at the numbers. Despite their efforts to sell long-term care insurance policies, only a small percentage of the potential buyers own LTCI. I’m not bothered when insurers miss profit opportunities. But I am concerned when people don’t protect themselves by purchasing insurance they should have. Let’s take a […]
