Category: Saving Money

Switch To Save on Your Part D Plan

Medicare Prescription Drug Plans Vary by Hundreds of Dollars Per Year

Let’s face it – No matter how many times experts recommend that we reevaluate our Medicare Part D plan each year, many of us don’t!

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Tax Time: Whether or Not to Itemize Your Medical Expenses

Making the most of your tax return

Let’s face it; putting together your tax return is not something you look forward to. If you’re like most people on a fixed income, you’ve probably gotten into the habit of claiming the standard deduction because you receive a larger standard deduction on your taxes if you’re over 65 and/or blind. Depending on your expenses, mainly medical expenses, you might want to consider itemizing your deductions instead.
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Managing the Cost of Chronic Conditions

Controlling expenses when you have a long-term illness

Retirees are living longer than ever, and the odds of being diagnosed with a chronic condition, such as hypertension or diabetes, increase with age. (more…)

1 found this useful.

 

Cutting Costs in Retirement

Selecting the right Medicare Part D prescription drug plan (PDP) will save you money.

Selecting the right Medicare Part D prescription drug plan (PDP) will save you money. The choices you make once you’ve enrolled in a plan can also lower your costs. There are simple shortcuts you can take that will help you save on your pharmacy costs in retirement. (more…)

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Will Healthcare Costs Crack Your Nest Egg?

Retirement can be expensive – upwards of $200,000 a couple -- just for healthcare

It’s a scary number: A couple retiring this year will need $220,000 to cover their healthcare expenses in retirement. But more than half (55%) of retirees neglect to plan for their prescription drug and medical expenses. Among those that do, nearly half expect to need only $50,000. (more…)

11 found this useful.