Helping Older Adults With Depression

The recent death of actor and comedian Robin Williams prompted much-needed public discussion about depression, which affects millions of older Americans — including many who face a number of common risk factors such as financial stress, decline in physical and cognitive health, and social isolation. Research has linked depression to poorer functioning, health status and quality of life among older adults. Unfortunately, it can be difficult to identify and treat depression in this population, a challenge that comes with a substantial …

No Change in Medicare Part B Costs Means More Change in Your Pocket

The secretary of the U.S. Department of Health and Human Services announced this week that the Medicare Part B monthly premium and deductible will not increase in 2015. This is great news for the 49 million Americans who rely on Medicare Part B to cover their doctor and outpatient hospital visits. Medicare Part B monthly premiums and deductibles will remain at $104.90 and $147, respectively. Those who pay higher Medicare income-related premiums will also find that their premiums are unchanged. …

The Cost of Health Freebies

Many freebies come at a cost. And with unsolicited offers for supposedly free medical supplies and services, it’s often identity theft. As your phone likely continues to ring with robocalls touting “free” medical alert systems — a scam that’s been going strong for more than a year (with some calls still lying about phony AARP ties and bogus coupons) — expect other equally dubious deals. Some offer “no-cost” medications and supplies for diabetes or other conditions. Others are even bolder, claiming that “doctor-ordered” …

Your New Retirement Number: $58,000

En español | Financial 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 …

2014 Medicare Trustees Report Urges Responsible Solutions

The 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 Family Financial Planning

Parents 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 …