Health Care & Insurance Archive

Workplace Benefits: Making Smart Choices When You Change Jobs

Understanding Workplace Benefits… Congratulations on your new position! I know the last thing on your mind are your new workplace benefits. Because I’m sure you are full of excitement about your success. You competed against a few other very qualified candidates and you came out on top. And now you have an exciting new challenge. …

Angling the Tax Code to Make Obamacare Work for You

If you’re like many people, you see the cost increases since the ACA (affordable Care Act) was put in place and wonder if you can make Obamacare work for you. You worry about the impact it’s having on accessibility and cost. On the one hand the law guarantees coverage for students to a later age and …

Health Care Costs in Retirement – Like Paying for a Vacation Home

Photo Source: Tax Credits Read an interesting article in IBD last week outlining the expected costs in retirement of health care. The author writes that retirees should expect Medicare to cover only 60% of expected health care costs in retirement and that they should plan on $5,000-14,000/year in out of pocket health care costs. Is …

Visiting an Assisted Living Facility

Today I dropped by to visit my friend John DeCecca and see The Herrick House – an assisted living community that is  on the campus of Beverly (MA) Hospital and now part of Lahey Health. Herrick House is relatively new construction (1994) and offers the typical amenities found in assisted living communities (they also have …

HSA: Mysteries of The Health Savings Account

Understanding Health Savings Accounts… What the dickins is a health Savings Account? Since many people still use low deductible HMO’s and PPOs, there has been no need to know what an HSA is. However, as more and more companies try to control health insurance costs  – Whole Foods and Target being two large corporations that …

Saving on Healthcare – Excessive Medications

My great aunt Rosie was quite a character – she constantly barked at my Uncle Angelo about every little thing – recalling old stories where he messed up, something he left on the floor or something he forgot to do. It didn’t matter, Uncle Angelo caught the fury. Of course being old school Italian, what …

The Real Costs of Long Term Care Insurance

The point is that the much higher premiums paid by older folks who are likely more motivated to buy the insurance, skew the numbers and cost ideas that most think about. According to stats in the article, almost half of long term care insurance purchasers pay <$1,500/year for their premium.