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AARP Debuts New Health Care Costs Calculator

Posted on 11/18/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsIt could be a costly mistake if you aren’t considering health care costs in your retirement plan, financial advisers tell us. According to the latest estimate by Boston-based Fidelity Investments, premiums, deductibles and other out-of-pocket expenses could cost a 65-year-old couple retiring today a hair-raising $220,000 — and that’s after Medicare coverage kicks in. Yet we seem to be a little short-sighted. In a recent Fidelity poll of more than 1,800 people, nearly half of adults ages 55 to 64 believe …

Tap These Tools to Figure Your Health Plan Costs

Posted on 10/14/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsLooking to compare health insurance plans and costs? Read on. If you’re buying insurance  from one of the new health insurance exchanges created by the Affordable Care Act, a calculator created by the nonprofit Kaiser Foundation may help you. It illustrates health insurance premiums and state-based tax credit subsidies that may be available to you if you’re  middle-income, under age 65, and not eligible for coverage through your employer, Medicaid or Medicare. (The calculator doesn’t work for people in New York, Kentucky, …

If You Have Medicare, No Need to Go to Insurance Marketplaces

Posted on 08/26/2013 by |Health | Comments

Bulletin Today | Personal HealthBy Susan Jaffe, Kaiser Health News. This story produced in collaboration with USA Today While the Obama administration is stepping up efforts encouraging uninsured Americans to enroll in health coverage from the new online insurance marketplaces, officials are planning a campaign to convince millions of seniors to please stay away – don’t call and don’t sign up. “We want to reassure Medicare beneficiaries that they are already covered, their benefits are not changing and the marketplace doesn’t require them to do …

Will You Get an Insurance Subsidy? How Much?

Posted on 08/15/2013 by |Health | Comments

Bulletin Today | Personal HealthBy Julie Appleby, Senior Correspondent, Kaiser Health News If you buy your own health insurance, you’ve no doubt heard that subsidies will be available next year to help pay the premiums. But will you get a subsidy and how much? A report from researchers at the Kaiser Family Foundation provides some insight. Based on their analysis, about 48 percent of adults currently purchasing coverage for themselves will be eligible for subsidies next year – and those subsidies will average $5,548 …

Medicare Drug Premiums Will Rise Just $1 a Month

Posted on 07/31/2013 by |Washington Watch | Comments

Bulletin Today | Personal HealthThe average monthly premium for a basic prescription drug plan under Medicare Part D will be just $1 higher next year, the government projects. What’s more, Medicare beneficiaries get some of the credit for keeping the average low by shopping around, the Associated Press reports. For this year, seven of the top 10 Medicare drug plans raised premiums by 10 percent or more. But the average stayed low because many seniors chose plans with lower premiums. “Consumer advocates say beneficiaries should …