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Category: Health/Medical Expenses

What Is It Like to Live in a Continuing Care Retirement Community? (Part 2 of 7)

May 30th, 2018 by
CCRC Continuing care retirement communities sensible financial

This is part 2 of a multi-part series on CCRCs. To read the first installment, click here. “I don’t know if I could live there. Everyone seems so old.” I’ve heard this comment occasionally from clients after they’ve visited a Continuing Care Retirement Community (CCRC). I mentioned it to the marketing director at a CCRC […]

Medicare Part C (Medicare Advantage)

September 29th, 2017 by

This is Part 7, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. For those approaching 65 and just learning about Medicare, Medicare Part C (also known as Medicare Advantage, or MA for short) is perhaps the least understood part of Medicare.  Medicare […]

How To Choose A Medicare Part D Prescription Drug Plan

August 29th, 2017 by

This is Part 6, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In a previous article, I explained the who, what, and when of Medicare Part D, Medicare’s prescription drug program for seniors.  I devote this article to describing the “how” – […]

Medicare Part D: Prescription Drug Coverage

June 27th, 2017 by
Rick Fine - Medicare part D

This is Part 5, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Welcome back to Sesame Street (for seniors). Today, we are going to talk about the letter “D”. (Sorry, but I couldn’t resist). Medicare Part D covers outpatient prescription drugs. You […]

Medicare Supplemental Insurance (Medigap) – Paying More to Pay Less

May 23rd, 2017 by
Medicare Supplemental Insurance Medigap plans chart

This is Part 4, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Medicare Supplemental Insurance, or Medigap for short, is optional insurance that you can buy separately from a private insurer to cover many out-of-pocket costs of traditional Medicare. As I described […]

Medicare Part B: A great health care companion, but it doesn’t like to be kept waiting

April 25th, 2017 by
Medicare Chart

This is Part 3, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In this article, I discuss Medicare Part B – sometimes referred to as retiree “Medical Insurance”.  Part B purportedly focuses on the services, diagnostic tests, and medical equipment that doctors […]

Medicare Part A – Is it Really Free?

March 24th, 2017 by

This is Part 2, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In last month’s newsletter, I gave a summary of Medicare, the Federal government insurance program that covers a large portion of health care expenses for seniors and people with certain […]

Health Savings Accounts: A sensible way to save for health-related expenses

March 23rd, 2017 by

    Health Savings Accounts (HSAs) were signed into law in 2003 by George W. Bush. HSAs are bank or brokerage accounts that allow you to save for qualified medical expenses. Many people do not fully understand how these accounts function or how they may be beneficial, even though they have been available for nearly […]

Digesting the Alphabet Soup of Medicare

February 22nd, 2017 by

This is Part 1, of 7-part series, read the other parts here: Part 1,  Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. This article is the first in a series on Medicare, the Federal government insurance program that provides health care to seniors and people with certain disabilities. In this article, I […]

“Mind The Gap” When Purchasing Long-Term Care Insurance… And Speaking To The Press

June 2nd, 2015 by

Last month I attended the National Association of Personal Financial Advisors (“NAPFA”) Spring Conference in San Diego, CA. NAPFA is the largest financial planning trade organization for fee-only financial advisors. (Sadly, the attendees, some visiting San Diego for the first time, were treated to a uniquely southern Californian phenomenon called “May Gray” for the duration […]