Medicare Archives | Jamie Hopkins Retirement https://hopkinsretirement.com/tag/medicare/ Retirement Income Solutions Mon, 26 Jun 2017 19:27:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Misunderstandings about Medicare and Medicaid Coverage for Long-Term Care https://hopkinsretirement.com/misunderstandings-medicare-medicaid-coverage-long-term-care/ Mon, 26 Jun 2017 19:18:24 +0000 https://hopkinsretirement.com/?p=2661 Misunderstandings about Medicare and Medicaid Coverage for Long-Term Care There are tremendous Misunderstandings about Medicare and Medicaid Coverage for Long-Term Care coverage.…

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Misunderstandings about Medicare and Medicaid Coverage for Long-Term Care

There are tremendous Misunderstandings about Medicare and Medicaid Coverage for Long-Term Care coverage. A recent 2017 RICP Retirement Income Literacy report from The American College of Financial Services, which surveyed roughly 1,200 Americans about retirement income knowledge, found that Americans vastly misunderstand the funding sources for long-term care expenses. In a recent interview with FoxBusiness, Jamie Hopkins discusses the literacy report and explains some of the major misconceptions surrounding long-term care planning. Consequently, Hopkins says that far too many Americans lack a retirement income plan that incorporates long-term care planning. Instead, many people think the decision is solely about long-term care insurance or nothing. While long-term care insurance can be beneficial, it is not affordable for everyone. For others, Medicaid and family members will provide a lot of long-term care support.  To learn more, checkout this recent FoxBusiness article interviewing Jamie Hopkins on the topic.

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Tips For Financial Advisors Managing Health Care Expenses In Retirement https://hopkinsretirement.com/managing-health-care-expenses-retirement/ Tue, 28 Mar 2017 19:28:05 +0000 https://hopkinsretirement.com/?p=2635 Financial Advisors Can Help Manage Health Care Expenses In Retirement: Financial advisors should incorporate health care planning into their retirement practices to…

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Financial Advisors Can Help Manage Health Care Expenses In Retirement:

Financial advisors should incorporate health care planning into their retirement practices to help clients. However, few financial advisors are doing comprehensive health care planning for their clients today. For instance, an advisor could help determine a reasonable estimate of health care expenses or could help to control MAGI to limit Medicare premiums. Additionally, an advisor could help avoid coverage gaps and avoid Medicare part B and D late enrollment penalties. Even for advisors that do not offer a wide range of health care options, these are a number of ways to help a client. To learn more, checkout this recent InvestmentNews article written by Jamie Hopkins on the topic.

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