If you’re considering retirement within the next five years or so, you’re in the retirement “zone.” This is a critical time period during which you’ll be faced with a number of important choices, and the decisions you make can have long-lasting consequences. It’s a period of transition: a shift from a mindset that’s focused on accumulating assets for retirement to one that’s focused on distributing wealth and drawing down resources. It can be confusing and chaotic, but it doesn’t have to be. The key is to understand the underlying issues, and to recognize the long-term effects of the decisions you make today.
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Posted by Michael Chapman at 12:00 PM UTC
The Medicare program, which is a federal program that helps senior citizens and certain other individuals pay for health care, is divided into four parts. Part A covers hospital and inpatient services and Part B covers doctor visits and other outpatient services. Together, Parts A and B are referred to as original Medicare. Part C, also known as Medicare Advantage, makes Medicare-covered services available through private health plans, such as HMOs, PPOs, and private fee for service plans (PFFSs).
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Posted by Michael Chapman at 12:00 PM UTC
The Medicare program, which is a federal program that helps senior citizens and certain other individuals pay for health care, is divided into parts; Part A, Part B, Part C, and Part D. Part C is an alternative to Parts A and B.
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Posted by Michael Chapman at 12:00 PM UTC
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 is the first major revision of the Medicare program since its creation in 1965. The law introduces several new benefits for Medicare-eligible individuals, all of which are voluntary, including a prescription drug benefit. It also expands the health care options available to individuals who are not yet eligible for Medicare through the creation of health savings accounts. The provisions of the new law will be gradually implemented, beginning in 2004.
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Posted by Michael Chapman at 12:00 PM UTC
