Fall Open Enrollment is the time of year when you can change your Medicare coverage. If you reenroll in a plan during open enrollment, your coverage starts January 1. In most cases, Fall Open Enrollment is the only time you can pick a new Medicare Advantage or Medicare Part D plan. Medicare Part D, also […]
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high deductible health plan (HDHP). You can read about high deductible health plans on this government website. HSAs can be an attractive tool to save money for healthcare expenses later in life, as well as to save […]
Many people are attracted to the tax benefits of health savings accounts (HSA’s) when these accounts are linked to a high deductible health insurance plan. HSA’s offer a triple tax break – contributions are tax-deductible, assets grow tax-free, and qualified distributions are also tax-free. Once an account holder turns 65 the monies in the HSA […]
The state of Oregon has made available consumer cost information on all individual health insurance plans offered through Cover Oregon at the federal healthcare.gov website (the Marketplace) and all individual plans offered in Oregon outside the Marketplace. The data is published in an interactive Excel table. The table does not consider any tax credit or […]
With the open enrollment period for health insurance having just opened, the New York Times has published easy-to-understand answers to some of the most common questions about the Affordable Care Act, aka Obamacare. You can read the entire November 11, 2014 article here.
Open enrollment for Medicare starts on October 15th, and the range of options can be overwhelming. The October 3, 2014 edition of the New York Times offered a helpful primer and list of strategies. You can read the entire article here.
Most people know that having some sort of estate plan in place makes good sense, regardless of your net worth, so that your financial and family goals are met when you die. And having these documents in place can make the end of life a little less painful for those left behind. But which documents […]
The Associated Press recently published more sobering news about the impact that an aging population will have on the need for long-term care. Government figures show that about 70% of Americans will need some form of long-term care after they reach age 65, yet only 20% of Americans think they will need such care some […]
Medicare’s annual enrollment period opened this week, and runs through December 7. Choices made during the enrollment period will take effect on January 1, 2014. The New York Times’s “Your Money Adviser” ran a helpful column on Medicare enrollment on October 19, 2013. You can read the entire article here.