As Congress and the new administration look to overhaul the Affordable Care Act, healthcare has been a hot topic in the news. And rightly so, as the outcome is likely to have an impact on most of us.
Today's article provides valuable pointers for planning your health savings account (HSA). Unfortunately, health insurance is covering less every year, so having a well-funded HSA can be a valuable way to offset healthcare costs. Keep reading for more information about how HSAs work as well as the things you need to know before you choose one.
Topics: Health Care
Long-term care insurance isn't something most people want to think about, but it's definitely a topic women in particular should keep in mind when they think about the future. Today's article lays out some compelling arguments for women to invest in long-term care insurance.
Topics: Health Care
This blog post was udated on Nov. 13, 2015 here due to the passage of Budget Bill HR 1314 on Oct. 28, 2015. The bill limited the Medicare premium increase to 15%.
Medicare open enrollment is the time when Medicare recipients can change their supplemental insurance plans. It starts October 15th and ends December 7th with new coverage beginning January 1st of the following year. Open enrollment is also the time when Medicare recipients learn the amount they will pay for their Medicare Part B premium, and this year the increases are extraordinarily high for 30% of Medicare recipients. Recipients whose premiums are increased based on their income received the highest premium increase in the history of Medicare. The table below lists the base premiums from 2008 to the projected premium for 2016-2017 and the percentage increase from the previous year.
We all know that money can’t buy you happiness but apparently it can buy a few more years on this earth to search for what makes you happy. According to The Health and Retirement Study conducted by the University of Michigan, there seems to a strong correlation between lifespan and income. The study began in 1992 to survey a nationally representative sample of adults over the age of 50 in order to understand the dynamics of our aging society. Since its inception, The Health and Retirement Study has provided an invaluable long-term look at the complex interplay of health, work, and economic status of Americans age 51 and older.
Today's leading news outlets continue to call on the experts at Spectrum Management Group for their insight on the markets and the top issues impacting investors and consumers. Since the start of 2014, our Managing Principals Bob Phillips and Leslie Thompson have weighed in on a range of topics that people are facing today.