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Turning 65 Soon? How to Prepare for Medicare

Imagine (and maybe you don’t have to imagine) you are turning 65 years old later this year. A significant milestone, if for no other reason than becoming eligible to receive Medicare. What do you do? How should you prepare for it? What is next? Read Up On Medicare Eligibility And Coverage Individuals who turn 65 and have been paying into the Medicare system for at least 10 years (or have spouses who have paid) are among those automatically eligible for Medicare Part A. This part of Medicare covers inpatient hospital insurance, skilled nursing facility care, hospice care, and home health…

Diabetes Dilemma: How to Get the Best Life Insurance

A diabetes diagnosis does not mean it’s impossible to get approved for a life insurance policy. Top insurance companies understand which health factors matter when you have a chronic condition such as diabetes. Here are answers to common questions about life insurance coverage for diabetics: How do Insurance Companies Decide Eligibility for Life Insurance for Diabetics? Your overall current health, your age and your gender all considered in the approval process. You must prove your diabetes has been under control for at least 6 to 12 months, as measured through blood tests. Insurers will also look at your overall health, including…

Getting on Medicare Before Age 65

Among the many questions people have about Medicare benefits is, “Can I get on Medicare early, before turning 65?” The annual Medicare enrollment period is about to begin, bringing with it a lot of questions about how to get on Medicare early, choosing your coverage, understanding the alphabet soup of its various parts and finding out why and how to get supplemental coverage. Before we start talking about that, let’s get some perspective on Medicare by looking at some statistics from the 2018 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust…

What Medicare Covers When Traveling

What do most people say they want to do when they retire? Travel. Depending on your needs in retirement, your Medicare health insurance program may not make the best travel companion.  In the past, we’ve addressed in detail what Medicare A, B, C and D plans cover. Medicare Part A and Part B together cover essential medical scenarios such as hospital stays, doctor visits and medical equipment. Twist an ankle hiking and you may want those crutches. Whether at home or on the road, these are worthwhile services. But if you plan to travel quite a bit in retirement, let’s examine…

Healthy Habits to Help Reach Your Financial Goals

Living a long, full and happy life is a goal most of us share. Taking time to align your financial, physical, professional and social aspects of your life is important. The idea is to get each area to work in concert to reach your goals. Here are a few ways to keep your eyes on the prize and incorporate healthy habits across all areas of your life to help reach financial success. Use Technology to Set Goals Identify what you are trying to accomplish to increase your odds of success. Then use widely available tools and technology to help you…

Choosing the Right Medicare Coverage

,As you approach age 65, Medicare is on your radar. Medical expenses are one of the biggest costs you’ll face. Making a smart decision about Medicare coverage can do a lot for your health and your wealth. To get started, you will want to make sure you are choosing the right coverage option and considering any extra coverage you may need. But how do you enroll in the plan that keeps you covered at a price point that fits your budget? These steps will show you how to do exactly that. Choosing Between Original Medicare or Medicare Advantage The alphabet…

How to Help Your Brain Age Gracefully

Living life to the fullest includes keeping the mind and body active at all ages and stages. Our brains actually shrink as we get older, especially the frontal cortex, which has a direct effect on cognitive ability. The good news is there is a long list of ways to keep your brain sharp as you age—probably more than you can, um, remember. Give It a Workout Researchers have found regular mental stimulation can build new connections between nerve cells, maybe even help the brain generate new cells. Who couldn’t use a few more of those? This doesn’t mean you have…

What Should You Do With an Extra $1,000?

So you find yourself with an unexpected, unbudgeted $1,000 sitting in your checking account. You don’t have to think about how that nice sum got there, but you do need to figure out what to do with it. It might be tempting to use the money on a series of small luxuries, but it wouldn’t be smart. And beyond fleeting glimpses of instant gratification, it wouldn’t be very satisfying. Make the most of your windfall by planning for it immediately. Assess your current financial and material needs, your goals for the immediate and far future, and decide where your $1,000…

6 Health Tips That Can Also Grow Your Wealth

The relationship between our health and wealth is strong. Those in poor health suffer from a variety of illnesses and incur the high cost of medical care. And when someone is struggling financially, looming debt and the daily struggle to pay bills can negatively impact their health. This can become a vicious cycle of increasing financial hardship and declining wellness. There are moves you can make to help break this cycle or even try to prevent it in the first place. Staying healthy can make a big difference in improving your financial situation. Your level of fitness has both short…

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