Four Tips to Understanding Medicare That Can Save Money

Understanding Medicare is simple, right? Actually, Medicare can be complicated. However, we provide you with some simple tips that clear up the main misconceptions regarding Medicare coverage.

In a recent Market Watch article, Kristen Gerencher provides insight into these misconceptions that could end up costing you money. Here is a list of these common misconceptions. I have linked to the main article below as well but, here are the bullet points. [Read more…]

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…]

25% of Baby Boomers have NO Retirement Savings

by Lance Cashion
One in Four (25%) of the estimated 79 Million Baby Boomers (ages 46-64) have no retirement savings. If you think that is a disturbing statistic, let’s look at a few more.

Below are the findings of a recent Harris Poll (February 2, 2011)

  • 34% of Americans have no retirement savings
  • 27% of Americans have no personal savings
  • 22% of Americans age 65 and older have no retirement savings
  • 14% of Americans age 56 and older have no personal savings
  • 26% of Baby Boomers have no personal savings

If these numbers send chills up your spine, they should. This is your wake up call America!
[Read more…]