Healthcare

It’s no secret that prescription drugs are expensive and that the United States incurs some of the largest pharmaceutical spending in the world. It’s estimated that US consumers spend upwards of $500 billion each year on drug costs. For many years, retirees bore the brunt of these costs as Medicare didn’t have a prescription drug…

Original Medicare won’t cover all of your medical expenses. AARP estimates that nearly 90% of beneficiaries enroll in some type of supplemental coverage to round out their health plan and keep expenses at bay. There are two options for additional coverage: Medicare Advantage Plan (Part C) Medigap Plan (Supplement Plan) Today, we are going to…

Healthcare planning is among the most vital aspects of a well-rounded retirement plan. With current retirees expecting to spend upwards of $295,000 in medical costs alone throughout retirement (excluding long-term care), understanding your health coverage becomes more important than ever to stretch your savings and promote a happy, healthy retirement lifestyle.  Medicare is an essential…