There’s a lot of talk in town lately about assisted living. Progress on the Residence at Vinnin Square—an 84-apartment facility slated to open next spring and located behind Marshall’s—is moving quickly, and another large assisted living—The Mariner—is being hotly debated in Marblehead. If The Mariner is approved, the number of assisted-living facilities in Swampscott and Marblehead will triple (The Bertram House on Humphrey St. is currently the town’s lone assisted-living community).Read more
The Obama administration is willing to work to address congressional concerns with a proposal aimed at fighting high drug prices, a top health official said Wednesday.
The administration’s proposal to change how Medicare pays for certain drugs has drawn objections from both sides of the aisle. Republicans want it to be completely scrapped, while Democrats have expressed serious reservations and called for changes.Read more
If you’re about to turn 65, you may be shopping soon for a health plan that covers the costs that traditional Medicare doesn’t.
As welcome as Medicare’s health care coverage is, it does have its gaps. The traditional fee-for-service program generally pays 80 percent of the medical bills. Which means the remaining 20 percent becomes the responsibility of beneficiaries.Read more
A bipartisan group of lawmakers pushed back against the Obama administration’s proposed rule requiring Medicare and Medicaid providers to try an alternative drug payment model, saying it would hinder care for seniors with ailments including cancer and neurological disorders.Read more
Deciding whether to move or not when you hit the age of retirement is difficult, but there are many advantages to doing so, especially in these 10 best places to retire in Florida on social security.
After a lifetime of working hard for every penny you made, knowing that you’ll have to live off of social security may be a hard pill to swallow. Alas, it’s what you’ll have to do in the end, although it won’t hopefully be just social security income alone.Read more
Men and women are still different. We didn’t really need to read 1992’s “Men are from Mars, Women are from Venus” to know that.
But what’s discussed more these days are how those differences (and many other issues) may be even more pronounced in how we prepare for retirement.Read more
Medicare is one of the most important issues facing senior citizens, both present and future. Not only is Medicare spending growing rapidly, but the revenue coming into the program also isn't expected to be enough to keep Medicare solvent for too much longer.Read more
You may have to pay taxes on some of your Social Security benefits, but this generally only happens if you have significant taxable income in addition to Social Security. Depending on your income, you could have to pay your federal income tax rate on up to 85% of your Social Security benefits.Read more
As I explore the retirement coaching spectrum … reading blogs, downloading free guides, watching videos, and examining websites … I’m struck by a major problem facing the industry. People don’t get it. They don’t see the need, the benefits, or the urgency to do it now or else.Read more
Last year, Congress changed the way Medicare pays physicians, It scrapped a system that paid docs based largely on the number of procedures and tests they do, and instructed federal Medicare officials to come up with a design that rewards quality and value.Read more