Group Health and Business Insurance
Individual Health Insurance
Life Insurance
Disability and Long Term Care Insurance
Annuities
Wealth Management Consulting
Medicare Supplement Plans
Business Liability Consulting
401K
Duration : 0:2:4
http://www.pbs.org/nbr/site/features/special/retirement_HOME/ Original PBS Airdate: August 8, 2008 In this report from Nightly Business Report’s “Get Your Finances Ready for Retirement” series, Joe Collum examines Health Care costs in retirement. Medicare, Medigap and long-term care insurance—how will you cover costs?
“Get Your Finances Ready for Retirement” is a year-long series designed to help soon-to-be and recent retirees make the financial transition from work life to retirement life. Look for the latest retirement segments to appear on the web on alternate Tuesdays of every month. For more information visit:
http://www.pbs.org/nbr/site/features/special/retirement_HOME/
Duration : 0:3:30
Most discussion of the impending wave of Baby Boomers entering retirement age focuses on the capacity of entitlement programs to support them. Under-examined is the question of Boomers’ abilities to support themselves and what policy changes might be necessary to help them do so. The ongoing instability in financial markets and its effect on the assets that many Boomers have planned to tap for retirement add to the uncertainty. Macroeconomic developments, workplace norms and existing policy barriers all make the most obvious short-term solution to the problem—working longer and saving more—more difficult than many imagine.
With this as a backdrop, New America’s Next Social Contract Initiative and the McKinsey Global Institute co-hosted, Averting a Bust for the Boomers: The State of Retirement Preparedness and How to Improve It on June 5 at the US Capitol Building. The event featured the official release of, “Talkin’ ‘Bout My Generation: The Economic Impact of Aging US Baby Boomers.”
Duration : 1:29:38
http://www.kimsnider.com
Healthcare and long-term care costs pose very real risks to your retirement nest egg.
Risk management is the foundation of a solid financial plan, especially in retirement.
The most important items to plan and budget for are private health insurance if you are under age 65, Medicare and Medicare Supplement insurance if you are near or over age 65, and a solid long-term care policy.
Look into employer-sponsored health coverage available to you as a retiree. Keep in mind that private-sector employers are not required to offer retiree health benefits.
Furthermore, if your company provides a plan, nothing in federal law prevents them from cutting or eliminating those benefits. Make sure you read the plan carefully and compare the costs with the benefits offered.
If your employer does not offer retiree healthcare benefits, you will need to turn to the non-group market for health insurance coverage.
Make sure you know the costs and that you can get coverage before you leave your employer’s plan.
Given the cost of private insurance, it’s important that you know what you need and what you don’t. Generally, there is a direct tradeoff between the cost of health insurance and the level of protection it provides. As you weigh this trade-off, keep this in mind: you buy health insurance in case you get sick, not in case you stay healthy.
If you are retiring near or over age 65, Medicare and Medicare Supplement insurance will be your primary focus when it comes to healthcare.
Medicare Part A is automatically available to you at age 65, if you are taking Social Security. If you are not taking Social Security, you will need to actively enroll. You can enroll in Medicare up to three months before the month you turn 65.
Part A, which covers inpatient hospital expenses, is premium-free if you have worked forty quarters and paid Medicare taxes. If you have not worked forty quarters, you will have to pay a premium based on the number of years you have worked in Medicare-covered employment.
Medicare Part B, which covers outpatient medical services and is subject to an annual deductible, is available for a premium. The premium is based upon your household income. It is either deducted from your Social Security check or billed to you quarterly if you are not yet receiving Social Security benefits.
It is usually best to enroll in Part B at the same time that you apply for Part A; however, you may opt out of Part B coverage, say if you have a group health plan, and opt in later during various enrollment periods. Keep in mind you may incur a penalty for waiting. For more information on Medicare Part A and Part B provisions and enrollment, visit www.medicare.gov.
In order to purchase Medicare Supplement insurance, also known as Medigap, you must be enrolled in both Medicare Part A and Part B.
Once you have a healthcare solution that fits in your budget and meets your needs, there is one other critically important piece of coverage to consider – long-term care insurance. Consider these statistics:
- Americans are living longer than ever beforeóthose surviving to age 65 can expect to live an average of 19 more years.
- By 2030, the number of Americans aged 65 and older will more than double to 71 million older Americans, comprising roughly 20% of the U.S. population.
- One in three Americans age 65 will need some kind of nursing home care in their lifetime.
- Just in the past two years alone, the increase in the average cost of long-term care ranged from 5-13%, depending on the type of service.
Don’t risk your lifetime of hard work and savings. Make sure you are properly insured in retirement and protected against rising healthcare costs and the need for long-term care. You simply can’t afford the alternative.
Duration : 0:9:29
AARP term life insurance plans are a popular product that can be a supplement to Medicare, as AARP will cover the costs that Medicare does not cover. Get information on insurance plans with information from the communications director of the North Carolina AARP in this free video on financial services.
Expert: Bob Garner
Contact: www.AARP.org/nc
Bio: Bob Garner is the communications director for AARP in North Carolina.
Filmmaker: Albert Hedgepeth
Duration : 0:1:45
All About Seniors TV Show is focused on educating and entertaining seniors in the Upstate South Carolina Area. This interview is with Kathleen Bitsura from St. Francis Health System with the LifeWise Program, which is an outreach program designed for men and women 55 and older. LifeWise promotes physical, emotional, social and spiritual wellness through many activities, events and membership benefits.
Duration : 0:8:53
All About Seniors TV Show is produced by 3 Point Oh! Producations. This clip features Kathleen Bitsura from the LifeWise Program at St.Francis Health System. LifeWise is an outreach program designed for men and women 55 and older. LifeWise promotes physical, emotional, social and spiritual wellness through many activities, events and membership benefits.
Duration : 0:8:53
We should all plan life wise! The staff at Plan Life Wise Insurance agency has helped many folks with their retirement insurance needs. We will visit with you and help you find the best plan for your health insurance and retirement assets. Plan Life Wise can help you save money protect your assets and take the confusion out of all the choices you have so dont leave life to chance. Plan life wise call today for your free prescription drug and health insurance evaluation and let Plan Life Wise help you save money too.
Duration : 0:1:6
Phil Manry retires from active duty with the United American Branch Office Division.
Duration : 0:7:22
Here is an exciting recap of the 1st WorldVentures International Convention! “I AM FREE’ was the worldwide theme of this convention with several countries being represented like UK, South Africa, Kenya, Botswana, Israel and Cyprus. So ask yourself, ARE YOU FREE? http://www.DecideToRetire.com
Duration : 0:4:3