The Medicare open enrollment period runs from October 15 through December 7 every year. This is the best time to review your Medicare coverage, relative to your health and your wealth. It’s especially important if you’ve recently received a major health diagnosis, your medications have changed, you’ve moved interstate, or your financial situation is different. Here’s what to think about when evaluating your Medicare coverage during this year’s Medicare open enrollment period.Read More
The cost of healthcare is a common concern for most Americans. For retirees, it’s often their number one financial priority. A combination of quickly rising health insurance costs and the potential for increased medical needs as you age can make planning for healthcare in retirement complex, unpredictable, and therefore, worrisome.
However, there are actions you can take to mitigate your risks, minimize your healthcare costs, and help you enjoy a happy and healthy retirement.Read More
By a 5-4 vote, the Supreme Court upheld the 2010 Affordable Care Act (ACA). The law’s most controversial provision will stand – a mandate requiring every American citizen to buy individual health insurance coverage. The court made a key distinction, interpreting that mandate not as a directive but as a tax. “The federal government does not have the power to order people to buy health insurance,” Chief Justice John G. Roberts, Jr. wrote in the majority opinion. “The federal government does have the power to impose a tax on those without health insurance.” The ruling carries profound implications for individuals, businesses and households.Read More