Tag Archives: Illness

Health Insurance Plans: Understanding the Options

Selecting the right health insurance plan for you (and your family) is a very important decision. Choose the wrong one, and you could have to pay thousands in either unnecessarily high premiums or in nonreimbursed costs for your care. If you receive health insurance through your employer, your choices may be limited. Some employers offer [...]

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Stepping In When Your Parents Can No Longer Manage

It’s a decision most adults dread: having to take over the financial and day-to-day living decisions for parents who can no longer manage on their own. When caring for your parents, you may need to plan on three levels: managing finances, making health care decisions, and making sure their daily household needs are met. Finding [...]

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Illness: The Financial Wildcard

Loss of health is unpredictable and often financially devastating wild card in retirement.  Long-term care, which is largely not covered by traditional health insurance or Medicare can be particularly devastating.  Almost seven in 10 people will need some long-term care, such as home care, assisted living, or nursing home care, after age 65.  In 2008, [...]

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