Health care
For financial advisers trying to estimate how long their high-net-worth clients will live, a new white paper from HealthView suggests that only the very healthiest people need expect to...
Job loss has cost millions their health insurance: EBRI
Laid-off manufacturing workers are more likely to lose health insurance than service workers, because they're more likely to have employer-provided health insurance in the first place.
Low uptake of HSAs still a mystery: Cerulli
A slight majority of 401(k) participants with >$2 million in investable assets use their health savings accounts (HSAs) for retirement savings, but only one-third of respondents with $500,000 to...
How $240 billion in new COVID-19 money will be spent
The money will fund health care operations, research and development of coronavirus tests and treatments, and guarantees for emergency lending to small business.
An Actuary Assesses COVID-19
A mortality and longevity expert at Willis Towers Watson writes that 'the variability of the mortality impact by age makes the impact highly variable by type...
Instead of ‘life span,’ think ‘health span’
A conference will be held to kick off the National Academy of Medicine's 'Healthy Longevity Global Grand Challenge' at AARP headquarters in Washington, D.C. on November 6-8, 2019.
Medicare premiums for 2019
The standard Medicare Part B monthly premium for 2019 will, for most individuals, be $135.50. Single beneficiaries with incomes over $85,000 and married couples with incomes of over $170,000...
With HSAs, raising contribution limits will raise contributions: EBRI
House passed a bill raising contribution limits to health care savings accounts (HSAs). The Employee Benefit Research Institute expects individual contributions to HSAs to rise as a result.
OOPs! Medical expenses can eat up retirement income
Nearly one-fifth of retirees had less than half of their 2014 Social Security income remaining after out-of-pocket (OOP) spending, with 6% of retirees having less than half of their...
Don’t cut Medicaid, say Ivy League doctors
The Medicaid cuts envisioned under the ACHA and the Trump budget would cause widespread harm, three health care experts wrote in the New York Times this week.
Older, poorer Americans take a hit under Ryan health plan
“The increase would be disproportionately larger among older people with lower income... People between 50 and 64 years old with income under 200% of the federal poverty level would...
When You’re 64
Six months after reaching age 64, Americans are showered with Medicare supplement pitches. While the path of least resistance leads to a Medicare Advantage plan, a Medigap plan might...
Guiding Clients Through the Medicare Maze
Medicare counseling can be an excellent marketing tool for advisors, especially those who are positioning themselves as retirement specialists. Just ask Ash Toumayants of State College, Pa.
Cognitive assessment tool receives FDA approval
The new tool, called Cognivue, involves a 10-minute test. The person being tested only needs to grasp the “response device,” a kind of joystick called a manipulandum.
Questions & Answers about: Medicaid Annuities
In this ongoing new feature, RIJ will ask and answer questions that pertain to retirement advisors and their clients. Our first Q&A concerns Medicaid annuities, which middle-class Baby Boomer...
‘Problem drinking’ can hurt retirees’ health—and wealth
Rates for alcohol-related hospitalizations among adults age 55+ were close to those for heart attacks in the 1990s, and number has greatly increased since then, according to an article...
Does end-of-life family care ‘crowd out’ annuities?
In their study, “Annuitized Wealth and Post-Retirement Savings,” John Laitner and Dmitriy Stolyarov of the University of Michigan and Daniel Silverman of Arizona State call these late-life inter-family transfers...
New index gauges retiree health costs as percent of SS benefits
“Many Americans believe that Medicare will cover most or all of their health care costs in retirement. This is simply untrue,” said Ron Mastrogiovanni, founder and CEO of HealthView...