Why Generics Should Cost Less Than Brand-Name Prescriptions The FDA says generic medications offer the same risks and benefits as their brand-name equivalents. The organization says they regulate generic manufacturers as strictly as the original producers to ensure quality, safety, and effectiveness. Primarily, patients and doctors have turned to generics because they can offer a cheaper…
Various financial institutions offer many products to help people fund such long-term savings goals as retirement. Many employers offer a 401k plan to allow employees to take advantage of tax-deferred contributions and growth. Alternatively, a universal life insurance policy provides a tax-advantaged way to build wealth and protect families with a death benefit. Compare the…
Medicare makes healthcare accessible to millions of Americans. At the same time, this public health insurance plan does not work exactly like the private medical plans that most people enjoyed during their younger years. What Everybody Needs to Know About Medicare Before Turning 65 In particular, people who approach their 65th birthday and Medicare eligibility…
Does Medicare and Other Health Insurance Pay for Long-Term Care? Many Americans mistakenly assume that Medicare or other health insurance will help pay for long-term care costs. This assumption can prove disastrous for many seniors and their families. For instance, a government study from the Department of Health and Human Services estimated that 75 percent of…
Retirees may have felt relieved when Social Security announced a 5.9-percent increase in benefits for 2022. Shortly afterward, the same population might have experienced some disappointment to learn that they would need to pay more for critical Medicare benefits. While most beneficiaries will still see more income in their Social Security checks, these Medicare increases…
Retirement planning should always account for healthcare costs, including premiums for health insurance. For instance, most seniors in the U.S. rely on Medicare Part B and Medicare Part D for health and prescription insurance. The government charges a standard premium for Medicare Part B. Private insurers charge premiums for Medicare Part D. In addition, beneficiaries…
