Our Comparison Chart Makes Choosing Simple. Compare, Find the Best Policy For Your Needs! Get an Instant Free Quote Online. No Hassle. Types: Term Life Insurance, Whole Life Insurance, Athletes Life Insurance. Coverage up to $5 Million
Financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts. Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a “low-risk” crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses. It’s not just wealthy seniors who are targeted. Low-income older adults are also at risk of financial abuse. And it’s not always strangers who perpetrate these crimes. Over 90% of all reported elder abuse is committed by an older person’s own family members, most often their adult children, followed by grandchildren, nieces and nephews, and others. Review…
Like most insurance, life insurance is cheaper to buy the younger you are when you buy it. This is great news if you’re in your 20s or 30s, but what if you’re a little older and in the market for a new life insurance policy? How old is too old?The answer depends on the type of life insurance you’re shopping for, but one thing’s for certain — no matter what your age today, it’s better to buy a life insurance policy now rather than waiting a year. The price goes up as you get older Premiums for term life increase by about 8% per year in your late 40s, and that rate of increase continues to climb to 9-12% per years after age 50.To illustrate this, we used Policy Genius Life insurance…
MEDICARE PROVIDES Valuable health insurance for individuals 65 or older and certain people with disabilities who are under age 65. But it also comes with complex rules and sometimes significant out-of-pocket costs. Here's what you can expect to pay for Medicare: Premiums. Most beneficiaries pay the standard Medicare Part B premium of $134 per month in 2018. However, some Medicare beneficiaries pay different amounts. Medicare Part B payments are prevented by law from reducing Social Security payments, so some Social Security beneficiaries pay lower premiums because their Social Security payments have not increased enough to cover the current standard Medicare premiums. High-income retirees bringing in more than $85,000 ($170,000 for couples) pay higher Part B premiums, ranging from $187.50 to $428.60 monthly, depending on how high their income is. Most Medicare beneficiaries don't…
MEDICARE PART D HELPS retirees pay for their prescription drugs. But these prescription drug plans have a variety of out-of-pocket costs that vary based on the policy you select. Here are some of the medication costs you can expect in retirement. Premiums. The average Medicare Part D premium was $41 per month in 2018, up 11 percent since 2015, according to a Kaiser Family Foundation analysis of Centers for Medicare & Medicaid Services data. However, premiums vary significantly based on the plan you select. Among widely available Part D plans, premiums ranged from $20 to $84 per month. Some Part D plans increased their premiums by more than $10 per month in 2018, and a few plans had slight decreases in premiums. Deductibles. The majority of Medicare Part D plans (55 percent) have a deductible…
RETIREES SPENT $92.8 billion on prescription drugs in 2010. The majority of this money (68 percent) was paid for just five types of medications that cost Medicare beneficiaries age 65 and older $63.4 billion, according to a recent analysis by the Agency for Healthcare Research and Quality. Here are the five most expensive types of medications retirees use: Metabolic drugs. Simvastatin, Metformin, Lipitor, Pravastatin and Crestor are among the metabolic drugs that senior citizens spent $22.5 billion on in 2010, the most of any type of medication. This calculation includes out-of-pocket, private and public insurance costs for Medicare beneficiaries age 65 and older, but does not take into account over-the-counter medicines or drugs administered in a clinic or physician's office. Over half (59 percent) of Medicare beneficiaries use metabolic medicines, and the…
Q: Yeah, yeah, yeah… smoking might give me lung cancer when I’m like 80. So why should I worry about it now when I can just quit when I’m old? A: Sure, lung cancer is one of the main reasons to quit, but we know you college (and graduate) students are invincible and don’t really care about little things like mortality, so here are a few other good reasons to quit smoking that might hit a little closer to home: Tooth Loss It is well known among dentists that smoking dramatically increases your chances of “edentulism” (i.e having no teeth). Smoking causes gum disease and plaque build-up which lead to tooth decay and loss. One study showed that the risk of tooth loss in smokers is more than 4 times…
The sedative effects of nicotine, paired with the ritualistic activity of sparking upmakes for a temporary and dangerous escape from the pressures of the moment. For smokers, cigarettes are frequently used as a form of stress relief. But there are other sources of stress relief available, many of which can positively impact your overall health. Moderate physical activity, especially aerobic exercises, can make an immediate difference on your mental wellbeing. The psychological benefits of aerobic exercises — walking, jogging, biking, swimming — are grounded in your neurochemistry research shows exercise has the power to reduce levels of the body’s stress hormones, such as adrenaline and cortisol, while stimulating the production of feel-good chemicals called endorphins. When your friend mentions how they get a “runner’s high” after jogging a few miles — that’s the…
New federal law that was announced in April states that in the New Year, hospitals must publish price lists online of all the services they offer. This should also make it easier for patients to access their medical records. Hospitals must publish public price lists under the Affordable Care Act, but with this new law hospitals are now supposed to make these lists available online. Every year these numbers must be updated so patients get the most accurate price. Rehabilitation centers, psychiatric hospitals, and critical access hospitals are also expected to put price lists online under this new law. Seema Verma, head of the Centers for Medicare and Medicaid Services, commented when the program was confirmed: “We are just beginning on price transparency. “We know that hospitals have this information…
The high costs of new drugs, as well as the dramatic price increases of some older and traditionally less expensive generic drugs, have thrust drug prices into the headlines. But what’s the full story? Today, we’re shedding some light on the cost of new drug coming to market, generic drug prices, and why drug coupons the picture. Cost of new drugs New drugs can cost a lot—both to Medicare and to the people who need these drugs. We found that Medicare and its beneficiaries spent about $5.9 billion for 75 new Medicare Part B drugs (those typically administered in a doctor’s office) in 2013. And nearly two-thirds of those 75 drugs had annual costs of more than $9,000 per beneficiary. Moreover, the annual costs of 20 of those drugs—most of…
Nurses are on the frontlines of the COVID-19 pandemic. Along with other health care workers, they face an increased demand for their services—which puts them at greater risk of catching coronavirus. So, in honor of National Nurses Week (May 6 through May 12), we are taking a look at our work on shortages in the nursing and health care worker communities. We are also reviewing federal efforts to respond to these shortages, including through the CARES Act (Coronavirus Aid, Relief, and Economic Security Act). The nursing workforce Nurses are the largest component of the health care workforce. They provide much of the care for hospital patients and deliver most of the nation’s long-term care. However, the U.S. has been facing a critical nursing shortage for years, partly due to increased…
