A recent eHealth, Inc. survey reveals 94% of Gen Xers and Millennials feel entitled to Medicare in retirement, with 84% willing to pay higher taxes to sustain it. But with Medicare funds projected to run out by 2036, what does this mean for the future?
eHealth, Inc.’s Post
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Medicare is due to run out by 2036, and Gen Xers and millennials want the government to do something about it. Fran Soistman, CEO of eHealth, Inc., explains how necessary this demand is as skyrocketing healthcare costs continue to threaten Americans' physical and financial well-being. #medicare #retirement #savings https://bit.ly/3Vgr0gf
Gen X and millennials would pay higher taxes to access Medicare
benefitnews.com
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More than half of retirees in our country today don’t have a pension plan or any deferred compensation plan and more than half of those retirees don’t have any cash savings for their retirement years. That’s why the additional benefits from Medicare Advantage plans are so important and so badly needed and why we need to stop MedPac from shrinking the benefits for those millions of members. When you have no money, then having plans pay for dental care and for vision care and for hearing care that are absolutely not covered by traditional fee for service Medicare can and does make a huge difference in millions of people’s lives. Don’t let MedPac take needed benefits from our lowest income people. Look at the real numbers and know and understand what they mean.
Medicare Advantage Saved Medicare and Helps Low Income...
intergroupinstitute.org
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According to the Fidelity Retiree Health Care Cost Estimate, a single person age 65 in 2023 may need approximately $157,500 saved (after tax) to cover health care expenses in their retirement. Preparing for the possible price tag of long-term healthcare requires careful thought and planning. So, let’s break down the major areas of healthcare expense for retirees and look at various strategies for covering them without wrecking your retirement nest egg. #retirementplanning
Long-Term Care, Medicare, Medicaid, and More - Milestone Money
milestonemoney.com
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Approaching retirement? Deciphering healthcare can feel like swimming in alphabet soup – Medicare Parts A, B, C, D, LTCI... the list goes on! And then there's Medicare vs. Medicaid; similar names but totally different programs. How do you figure out which covers what, and how much will it cost to ensure your health needs are met throughout your golden years? We break down the major areas of healthcare expense for retirees and look at the various alternatives for covering them without wrecking your retirement nest egg. #Medicare #retirementplanning #healthcare
Long-Term Care, Medicare, Medicaid, and More - Milestone Money
milestonemoney.com
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Find out how Medicare can address health care needs in your retirement strategy. Medicare takes a little time to understand. As you approach age 65, familiarize yourself with its coverage options, costs, and limitations. #Confidence #Clarity #Control #Contentment https://lnkd.in/ec9M5-N
Why Medicare Should Be Part of Your Retirement Strategy
stewardshipadvisory.com
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For those approaching retirement, trying to make good decisions about healthcare costs can seem like deciphering alphabet soup, with Medicare Parts A, B, C, and D, LTCI, and more. And then there’s trying to sort out the difference between Medicare and Medicaid. We break down the major areas of healthcare expense for retirees and look at the various alternatives for covering them without wrecking your retirement nest egg. #retirementplanning #healthcarecosts
Long-Term Care, Medicare, Medicaid, and More - Milestone Money
milestonemoney.com
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Seniors in Pennsylvania and 11 other states are being forced to forfeit retirement benefits to qualify for Medicare. This issue is causing significant financial strain for many retirees in the state. Tap below to read more. #RothkoffLawGroup #RothkoffLaw #ElderLaw #ElderCareLaw #ElderCare
Some seniors must give up retiree benefits to get Medicare: Report
newsweek.com
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Take it from JL Bainbridge & Company's newest blog: #FinancialAdvisors might not be healthcare experts, but they play a pivotal role in ensuring clients' Medicare choices align with their long-term financial and retirement goals. Advisors are in the perfect position to guide clients through the often overwhelming #Medicare #OpenEnrollment season. https://lnkd.in/gwv5GpDn
Medicare Mania: Looking for a Cure - JLB Blog
jlbainbridge.com
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Wondering when you should start planning for #Medicare? Or when you should claim #SocialSecurity? Answering these questions is especially important for the #Peak65 generation as they approach retirement at this historic time. Lorie Konish highlights these topics and expert advice for CNBC: https://lnkd.in/e-kKStqS
As Americans reach 'peak 65,' here's what to know when planning for Medicare, Social Security
cnbc.com
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A recent study by the Employee Benefit Research Institute (EBRI) found that a typical U.S. couple will need up to $413,000 to cover their healthcare expenses in retirement, an increase of 8% from last year. According to the same study, a 65-year-old man enrolled in a Medigap Part G plan with average premiums would need to have $106,000 saved for healthcare, while a woman would need $128,000. It's crucial to start planning for your retirement healthcare expenses now to ensure financial security in the future. #retirementplanning #healthcarecosts #financialsecurity
Retirees' Healthcare Costs Increased 8% In 2023
fa-mag.com
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