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

Do You Need Long-Term Care Insurance?

Personal Finance

Do You Need Long-Term Care Insurance?

Do You Need Long-Term Care Insurance?

Have you thought about long-term care insurance? Most people don’t until they are approaching retirement and the thought of turning over their life savings to a nursing home drives them to consider it. Statistics vary from source to source, but roughly 70% of those over age 65 at some point will need long-term care, defined as... Read More

I Spent $352 on the ‘Extra’ Costs of Being Sick

Personal Finance

I Spent $352 on the ‘Extra’ Costs of Being Sick

I Spent $352 on the ‘Extra’ Costs of Being Sick

In early December 2014 I went to the doctor for a twinge. Fifty-six days, two surgeries and countless tests later I’ve been diagnosed with Crohn’s Disease. I could recount for you all the co-pay and medication costs, but let’s talk about all the things I bought that insurance doesn’t come close to covering: $99 –... Read More

A Last-Minute Guide to Buying Health Insurance

Personal Finance

A Last-Minute Guide to Buying Health Insurance

A Last-Minute Guide to Buying Health Insurance

While the Affordable Care Act has its detractors, 2014 was a good year for Obamacare. The self-employed, underemployed, or otherwise ineligible for employer group insurance took advantage of the state and federal exchanges last year, and their participation drove the nationwide uninsured rate to its lowest ever. Insurance companies posted all-time high share prices in the third quarter... Read More

Will Keeping Your Kids On Your Insurance Hurt Your Credit?

Credit Score

Will Keeping Your Kids On Your Insurance Hurt Your Credit?

Will Keeping Your Kids On Your Insurance Hurt Your Credit?

Some parents are now keeping their adult children on their health insurance plans thanks to the Affordable Care Act. That law requires healthcare plans that offer dependent coverage to make the coverage available until a child reaches the age of 26. But just because parents are willing to pay for their kid’s health insurance, it... Read More

What New Grads Need to Know About Obamacare

Students

What New Grads Need to Know About Obamacare

What New Grads Need to Know About Obamacare

Just switched your tassel, and off to worlds unknown? Graduating college is a time of flux for most of us. You’re probably working on finding a job, figuring out where to start settling, and corralling student loan information and payments. While you’re at it, don’t forget about health insurance. The Affordable Care Act, also known... Read More

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