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…
With today’s rising prices, prudent consumers comparison shop for all sorts of essential products. These necessities probably include food, groceries, and utilities. Many Americans rely on prescriptions to maintain their health, and prescription prices have increased much faster than average inflation rates. For instance, USA Today reported on an AARP study that found prescription prices rose…
While the term “donut hole” might sound sweet, this gap in Medicare prescription drug coverage is definitely not! Each year, your plan may temporarily reach its limit on the amount it will cover for your prescription drugs. When this happens, you may find that you have to pay more for your medications. How does the…
Naturally, some people confuse Medicare and Medicaid. After all, these two large government health insurance programs have names that sound somewhat similar. In addition, CMS says that over twelve million Americans qualify for both programs. Together, they help over 100 million Americans access medical care. To understand Medicare and Medicaid, take a moment to read…
Part A and Part B of Original Medicare will help pay for many healthcare services, including hospital stays, office visits, and medically necessary tests and procedures. At the same time, Medicare rarely covers 100 percent of medical bills. Even more, Medicare excludes some important kinds of healthcare. Also referred to as Medigap plans, Medicare supplement…
As an employer, one of the best ways to hire and retain the best employees is by offering a robust health insurance and benefits package. There are a number of benefits to offering these types of incentives: Tax deductions Avoiding rehire search and training costs Enhances the level of productivity among employees What types of…
