News: Long Term Care Providers Make an Exit

By Lance Cashion
Thinking about Long Term Health Care Insurance (LTC)?

You’ll want to do your homework on this one! I’ve been keeping an eye on the events swirling around long term care. I can tell you one thing. Preparing for long term care is going to be a challenge for Baby Boomers and their families. There is no getting around that fact.

Did you know that Long term care in an assisted living center or nursing home can cost $3000-$5000+ per month?  [Read more…]

The Future of Medicaid

by Lance Cashion
Fiscal challenges threaten the future of Medicaid.

How is Medicaid going be be funded as the Baby Boomer generation grows older?

Many Boomers were hard hit by the financial crisis of 2008-2009. There is a real possibility that there will be cuts and/or strict limitations on placed on Medicaid. The tension between the States and Federal Government are pushing the question into the main stream;

  • What is the future of Medicaid?

Perhaps, the economic and political situation we find ourselves in today will lead to America finally dealing fiscal challenges and sustainability of programs like Medicaid, Medicare and Social Security.

Above is a discussion from Kaiser Health News “Health On the Hill” (Video) from 2/1/ 2011.
Link to Video

HybridCare is dedicated to bringing you relevant information and advice regarding healthcare and retirement. Each of us must engage the challenges and understand the long term implications of any legislation that cause changes in Medicaid.

Question: How are you preparing for healthcare challenges that may be in your future? (comment below)

Video Credited to / © 2011 Henry J. Kaiser Family Foundation.

Accompanying article by Lance Cashion

Retirement: Recognizing Diversification

Gaining more insight and control of your retirement planning today can be the difference between retiring comfortably and facing financial challenges during your retirement years. HybridCare founder and Financial Advisor Lance Cashion provides some useful information in his article; “Retirement Insurance: How to Recognize True Diversification“.

“What your future retirement looks like depends on where you find yourself right now. The only way to be truly diversified is to have a portion of your retirement in a safe place where it is guaranteed to grow regardless of market behavior and provide a guaranteed income for the rest of your life. I like to call it “retirement insurance”. Insuring larger portions of your retirement as you age is the most important part of the diversification puzzle. No one can argue with that.” Read more here

Question: How comfortable are you with your retirement plan?

News: Baby Boomers Working Retirement

by Lance Cashion
Most retirees won’t completely ‘retire’ when they read 65 years old.  The Baby Boomer generation is active and their retirement lifestyle will be reflective of this activity.  Many retirement-age Americans will want to continue to work.  Due to some challenging economic times over the last three years, some will have no choice but to continue working.  At no other time in history have retirees had so many choices of how they want to spend their retirement years.  Smart Money’s Catey Hill provides some useful information and opportunities for up-and-coming retirees.

Hill says; “Far more people who are working in retirement are doing so because they want to, not because they need to. For them, there’s good news. The pool of part-time, flexible-schedule, professional jobs – precisely the ones that appeal to retirees – is growing.”

The Smart Money article continues; For many retirees, “‘working in retirement’ is quickly becoming a new stage in career progression,” a 2010 Families and Work Institute Study concludes Of the 20% of retirees currently working for pay, nearly half do it because they’d otherwise be bored or want to feel helpful or productive; 53% also say they’d like a little extra money. But just 18% say they work because their current retirement income is insufficient, according to the study.”

If you are currently retirement-age or approaching retirement age, where do you find yourself? You can work if you want to, and the choices are many.  The Smart Money article offers four interesting part-time career options for retirees.  Click here to read more; The Best Part-Time Jobs for Retirees (Author: Catey Hill)


Credits: Article reference credited to Catey Hill (Smart Money) “The Best Part-Time Jobs for Retirees” Jan. 21,2011