The Average 65-Year-Old Retired Couple Needs $260,000 to Cover Health Care

Personal Finance

The Average 65-Year-Old Retired Couple Needs $260,000 to Cover Health Care

The Average 65-Year-Old Retired Couple Needs $260,000 to Cover Health Care

Paying for health care is hard on many Americans, but costs are especially high in retirement. That’s according to recent analysis by Fidelity Investments, released this week, which found a 65-year-old couple retiring this year will need about $260,000 to cover their health care. “The estimate applies to retirees with traditional Medicare insurance coverage,” Fidelity said in a press... Read More

What Is the 1095-B & Why Did I Get It?

Personal Finance

What Is the 1095-B & Why Did I Get It?

What Is the 1095-B & Why Did I Get It?

This year, you may have received a tax form you haven’t seen before: the 1095-B. It’s a form sent by your health insurer or employer that shows you had the minimum health insurance needed to avoid a tax penalty during the tax year. (In short, it’s an Obamacare thing.) You could also receive a similar... Read More

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

Credit Score

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

The 43 million Americans estimated to have medical debt on their credit reports could find some credit score relief should a new Senate bill come to pass. Five senators —Jeff Merkley (D-Ore.),  Dick Durbin (D-Ill.), Richard Blumenthal (D-Conn.), Bob Menendez (D-N.J.), and Chuck Schumer (D-N.Y.) — introduced legislation late last week that would remove paid-off and... Read More

Last-Minute Tax Filers: Beware of This Obamacare Scam

Identity Theft

Last-Minute Tax Filers: Beware of This Obamacare Scam

Last-Minute Tax Filers: Beware of This Obamacare Scam

For all stripe of rip-off artist, tax season might as well be called open season. Scams are legion, and navigating a solution after the fact can be somewhere between maddening and negotiating an Iran deal that everyone likes. Last month the IRS issued a warning that received scant attention from the media, but nonetheless could... Read More

10 Ways to Fight High Medical Bills

Managing Debt

10 Ways to Fight High Medical Bills

10 Ways to Fight High Medical Bills

We may all have health insurance now, but that doesn’t make our medical bills magically disappear. No, we still have plenty to pay out-of-pocket. In recent years, employers have shifted a greater portion of health care costs to workers. The 19th annual Towers Watson/National Business Group on Health employer survey found that employees now pay for 37%... Read More

10 Essential Tips for Navigating Obamacare

Personal Finance

10 Essential Tips for Navigating Obamacare

10 Essential Tips for Navigating Obamacare

If you’re shopping for health insurance and your state built its own exchange, you might be very happy (Kentucky and New York, generally) or sort of happy (Oregon, where paper forms are now being used). If your state left the job to the feds – meaning you are consigned to healthcare.gov with its tech problems... Read More

You Can Finally Keep Some of Your Leftover FSA Money

Personal Finance

You Can Finally Keep Some of Your Leftover FSA Money

You Can Finally Keep Some of Your Leftover FSA Money

After 30 years, the Treasury Department is losing its “use it or lose it” policy regarding health flexible spending accounts. “To make health FSAs more consumer-friendly and provide added flexibility, the updated guidance permits employers to allow plan participants to carry over up to $500 of their unused health FSA balances remaining at the end of... Read More

A Nurse’s Strategies for Negotiating Medical Bills

Managing Debt

A Nurse’s Strategies for Negotiating Medical Bills

A Nurse’s Strategies for Negotiating Medical Bills

Michelle Katz helped save her husband’s life by quickly administering CPR when he had a heart attack. Then she went on to help save $8,000 in the medical bills that he subsequently incurred. She was in the perfect position to help start his heart again because she is a nurse. And she could then help... Read More

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