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Category: Rick Fine

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Continuing Care Retirement Communities: Growing Old—In Style (Part 1 of 8)

April 11th, 2018 by
Continuing care retirement community sensible financial CCRC

This is the first in a series of 8 articles on Continuing Care Retirement Communities. We included links to the other articles at the end of this one. Ever since I hit {age redacted} I’ve had more thoughts about my future and about aging in general. Remember being 18 and thinking 30 was so old? […]

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 […]

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 […]

Reverse Mortgages, Part 2: Increasing financial flexibility by leveraging the equity in your home

December 20th, 2016 by
Rick Fine - Medicare part D

In last month’s newsletter, I discussed reverse mortgages and attempted to clear up some common misconceptions about this product.  As I explained, reverse mortgages are loans offered by a commercial lender to an age 62+ homeowner using a portion of their home equity as collateral.  As long as the homeowner-borrower adequately maintains the home in […]

Reverse Mortgages: Increasing financial flexibility by leveraging the equity in your home

November 28th, 2016 by

If anyone had told me ten years ago that I would someday write favorably about reverse mortgages, I would have looked at them cross-eyed.  Very few financial products have been the source of so much bad press and consumer misunderstanding.  Variable annuities hold the top spot in this category.  As with variable annuities, some of […]