healthcare

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On Medicare? Is Your Flu Shot Covered?

There are a lot of questions that go into planning for retirement, and some of those questions concern healthcare costs. Among the more simple, straightforward questions many people have is this one: “Does Medicare cover flu shots?” The basic answer is, “Yes.” But to understand flu shot coverage, we need to do a basic lesson in Medicare 101. A lot of supplemental types of insurance have been added to the world of Medicare, but the essential program known as “Original Medicare,” is made up of two parts: Medicare Part A: Hospital insurance that covers inpatient hospital stays, care in a…

How to Plan for the Medicare Annual Enrollment Period

Every year, the Medicare Annual Enrollment Period (AEP) or Open Enrollment kicks off Oct. 15 and closes Dec. 7. Whether you are newly eligible for Medicare or already in a plan, you’ll want to consider several items in preparation for the enrollment period. We outline steps to help ensure you get the most out of your planning. Already Enrolled in Medicare? The Medicare Annual Enrollment Period is an important time for you. Before the AEP starts, it’s always good to review your current needs and anticipate what you might need in the coming year. Perhaps you now need prescription drug coverage.…

Understanding Healthcare Costs in Retirement

What to expect to spend on health care in retirement is the big question for future retirees. The reality is there is no simple answer. By understanding estimates of Medicare premiums and other related expenses, as well as some of the ways costs can be reduced, you can start to put some of the pieces of the health care puzzle together. Unpacking Average Healthcare Cost Estimates Several different estimates related to what people can expect to spend on healthcare costs in retirement are out there. One of the most commonly quoted figures is $280,000 from a Fidelity study. Equally staggering…

6 Tips for Dealing With Dementia

As the average life-span continues to increase, a growing number of adults are finding themselves in the position of having to care for an aging parent or loved one. Of the 36 percent of adults in the US who care for an older relative, AgingCare.com’s 2015 State of Caregiving survey reports that a staggering 51 percent cite Alzheimer’s disease and other forms of dementia as their primary reason for caregiving. Few conditions are more difficult or heartbreaking to contend with than dementia in a relative or friend. Aside from the emotional and financial strain involved, it doesn’t help that the most…

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