healthcare

Your New Retirement Number: $58,000

Posted on 08/6/2014 by |Money and Work | Comments

WorkFinancial experts seem to speculate endlessly about boomers’ projected lifestyle in retirement based on their savings and spending patterns. Now a new survey that polled recent retirees about their standard of living has found that, for some, you don’t need a lot of money each year to retire comfortably and live happily. According to the survey by Baltimore-based investment firm T. Rowe Price, recent retirees report living on 66 percent of their pre-retirement income on average — $58,000 annually — and …

2014 Medicare Trustees Report Urges Responsible Solutions

Posted on 07/28/2014 by |AARP Executive Vice President | Comments

PoliticsThe Medicare Trustees report today reminds us of the financial challenges facing Medicare, along with the overall high cost of health care. With 64 million Americans expected to be enrolled in Medicare by 2020, we must do more to reduce wasteful spending throughout our health care system. For starters, we can reduce costs and find significant savings in Medicare and throughout the health care system with responsible solutions rather than harmful cuts. By improving care coordination, utilizing technology more efficiently, …

Silence Could Be Costly In Financial Planning

Posted on 07/9/2014 by |AARP Blog Author | Comments

Money & SavingsParents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk — before parents retire …

Not Everyone Is Living Longer

Posted on 06/1/2014 by |Public Policy | Comments

Public Policy InstituteWhen it is unveiled in the coming weeks, the Social Security Trustees report will no doubt prompt the program’s critics to call for change, as it does each year. And one of their suggestions will likely be to raise the age of eligibility for Social Security and Medicare benefits. It sounds so reasonable. Isn’t everybody living longer? Unfortunately, the answer is no. >> Sign up for the AARP Advocacy Newsletter The truth is that gains in life expectancy are not …

Just How Strong Did Healthcare.gov Finish?

Posted on 05/2/2014 by |Health | Comments

Bulletin TodayBy Phil Galewitz, Senior Correspondent, Kaiser Health News Obama administration officials predict that health insurance premiums will be stable next year despite concerns that not enough young and healthy people signed up through the online insurance exchanges. “The risk pool is fundamentally large and varied to support that kind of pricing … in every state,” said Mike Hash, the director of the Health and Human Services Department’s office of health reform. “We believe … premiums will be stable.” The upbeat …

Who Really Pays for Health Care? It’s Not Who You Think

Posted on 05/1/2014 by |Health | Comments

Bulletin Today | Personal HealthBy Jay Hancock, Staff Writer, Kaiser Health News Eight million Americans have signed up for private health insurance — much of it government subsidized — under the Affordable Care Act. Millions more obtained new coverage through Medicaid, the government-sponsored insurance program for low-income people. The full implementation of the law — along with its wider coverage, new taxes and shifting subsidies — has brought renewed discussions and debates over the winners and the losers in the new health care landscape. Here are …