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Making Sense of Health Savings Accounts (HSAs) and Medicare

WebFor singles over 55, you can contribute up to $4850 annually into an HSA. For families, the limit is $8750. These contributions are either tax-deductible or pre-tax if …

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Starting Medicare

WebFor others, whose group insurance is expensive or does not provide great coverage, they opt to start Medicare right at 65. Cardinal can help you compare your two options and …

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What happens when one spouse goes on Medicare and the other …

WebThe other option would be for the younger spouse to find a job that offers health insurance until they turn 65. Ask company if they have program to cover spouse …

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Using your IRA or 401(k) for Long-Term Care: A Case Study

WebWe also added an inflation rider, so the coverage amounts go up over time. By the time James and Diane are in their 80s, the monthly benefit will be $10,518, and …

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Can I get Long-Term Care Insurance with Pre-Existing Conditions

WebSubscribe Today. Absolutely yes, you can get coverage for long-term care if you have pre-existing conditions. It is a misconception that you can’t get coverage if you …

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Planning on self-insurance for long term care

WebThe Federal Interagency Task Force on Long-Term Care Insurance recently found that only 10% of people who could purchase some form of long term care …

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Medicare Supplement Plan G Explained

WebThe Plan G covers: Part A Hospital Deductible ( $1484 per stay in 2021) Medicare Part A charges beneficiaries for each hospital stay in a benefit period. A benefit …

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Types of Long Term Care Settings (& insurance options to cover …

WebIt can include prescription management, physical therapy, personal care services, and even counseling. You can choose the frequency and timing of visits which …

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“Navigating the Medicare Crossroads: Your Comprehensive Guide”

WebOriginal Medicare with Supplement: Pros: Access to any doctor or hospital nationwide that accepts Medicare. Predetermined and limited out-of-pocket expenses. …

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Emotional, physical, and financial consequences of a long term …

WebWhen a long term care crisis occurs, and there is no plan in place, there are also physical consequences to your family. As we mentioned above, the stress that …

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Life Insurance and Pre-Existing Conditions: What can I get

WebSince you are answering health questions, the full benefit is paid out immediately; there is no waiting period like the first example. For this life insurance …

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Navigating the 2024 Medicare Updates: A Comprehensive Guide

WebSelecting the right Medicare path involves considering various factors such as health status, financial situation, and personal preferences. Whether it’s sticking with …

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The 2 Paths of Medicare Explained

WebWhile Part A and Part B alone cover many health care expenses, they do not cover everything. The 2 paths of Medicare were designed to cover the large gaps …

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What’s the best age to buy long term care insurance

Web24.7% buy between age 55-59. 23.2% buy between age 60-64. 12.3% buy between age 65-69. Between age 50-59 is clearly the most popular time to apply for long term care …

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Long-Term Care Planning Checklist: How to Help Your Aging Parents

WebHealth Information. The easiest place to start is a complete listing of all their prescription medication, medication dosage, and prescribing physician. Then list other …

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Understanding the 2024 IRMAA Changes: A Guide for Those …

Web2024 IRMAA Updates: The standard Medicare Part B premium is set at $174.70, increasing by about $9 from the previous year. The average Part D premium is …

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Why Plan for Home Health Care

WebWhen we talk to clients about long term care, the majority tell us they want to stay in their home, a trend that is happening all across the United States.

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Medicare Annual Open Enrollment 2020: Everything you need to …

WebThe Medicare Annual Enrollment Period takes place from October 15th – December 7th every year. During this period in 2020, Medicare beneficiaries have a lot …

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Trusted Advice and Solutions For Retirement

WebSimple to understand, the first book, “The Complete Cardinal Guide to Planning for and Living in Retirement” provides guidance through real-life client stories Hans has …

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