One problem with delayed Social Security claims: Risk of higher Medicare Part B premiums

Delaying your Social Security benefit as long as possible is a great way to boost retirement income, but the strategy comes with one built-in downside. Most seniors enroll in Medicare at 65, but those who are not yet receiving Social Security run the risk of much larger annual increases in their Part B premiums. Healthcare […]

Older Americans at risk as Congress takes ax to Obamacare

Anyone nearing retirement – or already retired – should pay very close attention to the doings of the 115th Congress that was sworn in this week. Repeal of President Barack Obama’s Affordable Care Act (ACA) tops the agenda for Republicans, who will control the White House as well as both houses of Congress when Donald […]

After the election, retirement security heads for a crash

Retirement security already looked like a looming train wreck for most U.S. households before Election Day. Now, the consolidation of Republican control of government threatens to accelerate the crash. It is too early to predict the agenda Donald Trump will bring to the White House on retirement policy, or where it might fit on his […]

When life events intervene in your retirement plan

Financial plans typically assume a normal retirement age in the mid-60s or beyond, but life events have a way of intervening. Half of all retirees say they left the workforce earlier than planned, according to the 2015 Retirement Confidence Survey conducted by the Employee Benefit Research Institute. The key culprits include health problems or disability […]

Medicare, ACA care and how to navigate during enrollment

This is enrollment season for two huge public health insurance programs: Medicare and the Affordable Care Act health insurance exchanges. For older Americans, the overlapping sign-up periods can lead to confusion and enrollment errors. Insurers offering Medicare and ACA policies have big money at stake, and consumers are subject to a blizzard of marketing messages. […]

Five ways to confront changing healthcare costs in retirement

The cost of health care is one of the biggest out-of-pocket costs facing retirees–and for some, the challenge is getting tougher. Fifteen million retirees on Medicare get supplemental health insurance coverage from their former employers–and another 2 million retirees not yet eligible for Medicare receive primary coverage from their former workplaces, according to research by […]

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The state of senior health: It depends on your state

What are the best and worst places to stay healthy as you age? For answers, take out a map and follow the Mississippi River from north to south. The healthiest people over 65 are in Minnesota, the sickest in Mississippi. That’s among the findings of the America’s Health Rankings Senior Report released in May by […]

AT&T move underscores employer shift of retiree health care to insurance exchanges

A growing number of companies are dropping single-employer group insurance plans in favor of privately run insurance exchanges, where a third party sets up a marketplace offering Medicare coverage offered by dozens of carriers, with costs subsidized by their former employers. The trend was underscored by news this month that AT&T Inc will move its […]

Why your health insurance may soon resemble your 401(k)

Are you ready for the 401(k)-ization of health insurance? If not, get ready, because there’s a good chance it’s coming to your workplace soon. That was the consensus of some of the nation’s top employee benefits experts, who gathered last week for a conference in the nation’s capital. What we’re talking about here is a […]

Employers look to Obamacare exchanges and Medicare for retiree health insurance

Chicago Mayor Rahm Emanuel is leading the charge in the public sector to cut  healthcare costs by shifting retirees into new public insurance exchanges created under Obamacare. Detroit, which filed for bankruptcy, hopes to push retirees who are too young for Medicare onto the new public insurance exchanges as a way of shedding healthcare liabilities. […]