The nation’s health reform debate has been raging for three years, but one of the most critical questions seems to have fallen by the wayside: The risk that a major long-term care need will devastate your savings. The current system for financing long-term care is fragmented. The stressed Medicaid system is the nation’s largest insurer. [...] [...more]
Women face distinct retirement-planning challenges, including higher longevity risk, less access to workplace retirement plans, and continued wage discrepancies. Now, author and retirement expert Jan Cullinane offers a book focusing solely on the issues and challenges confronting single women in retirement. The Single Woman’s Guide to Retirement (John Wiley & Sons) will walk you through the [...] [...more]
Women face distinct retirement-planning challenges, including higher longevity risk, less access to workplace retirement plans, and continued wage discrepancies. My column at Morningstar.com this month examines the trend, and summarizes expert advice on ways women can improve their odds of achieving a secure retirement. [...more]
Opponents of the Obama Administration’s health care reform law were overjoyed last month when the government threw in the towel on one of its controversial features: creation of a public option for long-term care. A portion of the reform law called The Community Living Assistance Services and Support (or CLASS Act) aimed to expand the [...] [...more]
The federal government threw in the towel on creating a public option for long-term care coverage last week, and that would seem to be definitive for now. In defeat, Health and Human Services (HHS) Secretary Kathleen Sebelius was doing the right thing in admitting the concept’s flaws and cutting the government’s losses of the proposal, [...] [...more]
