Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, an amount that is eight percent less than a year ago, according to a Fidelity Investments report issued Wednesday. [...] [...more]
Retirees will need to amass small fortunes to pay for their health care, we are told. The lifetime forecasts typically range from $150,000 to $400,000. But what do these figures really mean in a financial planning context? After all, your mileage will vary greatly depending on health, longevity and a variety of other factors. For [...] [...more]
It’s no secret that the tab for health care in America is soaring. But did you know that the price you pay for doctors, hospitals, and long-term care can vary dramatically depending on where you live? The largest regional variations occurred among hospitals, according to health researcher Chapin White of the Center for Studying Health System Change. [...] [...more]
Health care reform may not be popular among older Americans, but the Supreme Court’s decision to uphold Obamacare is great news for everyone over age 50. If you’re over age 65 and on Medicare, the Affordable Care Act (ACA) improves your benefits. If you’re over 50 and don’t have insurance through an employer, your options [...] [...more]
Can consumers fix what’s wrong with healthcare? Letting consumers call the shots is a central idea in the Medicare reform plan proposed by Rep. Paul Ryan (R-Wis.) and adopted by the GOP-controlled House of Representatives. The GOP plan proposes replacing fee-for-service Medicare with a voucher that seniors would use to buy private health insurance on [...] [...more]
