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December 13, 2004 10:10 AM

Don’t Let Health Care Costs Hijack Your Retirement


Excerpt: One of the greatest financial challenges faced by today’s retirees is the rising cost of health care. Prescriptions, insurance premiums, doctor’s office visits and hospital stays are all increasing more rapidly than inflation. Whether you’re in your golden years or fast approaching them, you must take a serious look at how health care costs will affect your retirement nest egg.

   

One of the greatest financial challenges faced by today’s retirees is the rising cost of health care. Prescriptions, insurance premiums, doctor’s office visits and hospital stays are all increasing more rapidly than inflation. Whether you’re in your golden years or fast approaching them, you must take a serious look at how health care costs will affect your retirement nest egg.

The causes of rising health care costs are many. Today’s population is living longer than ever. That’s a good thing, but it does mean that our health care system is being stretched to handle the increasing load. New drugs and other treatments are continually coming on the market to address health care problems in new ways. Preventive drugs are being prescribed than ever before.

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Is Your Insurer Playing Fair? (December 26, 2004)
Are you in good hands with your insurance company? Wouldn't it be nice to know before you need them? Against the backdrop of lawsuits and allegations of illegal kickbacks made against insurance brokers by New York Attorney General Eliot Spitzer and the announcement of a ...
The Variable Universal Life policy, or VUL, is often suggested as a way to save for retirement. A policyholder makes a large initial premium payment, the policy "pays for itself" over time, and once assumed growth rates are applied, the policy is projected to supply ...
LOOKING FOR AFFORDABLE health care? Some of the cheapest policies are found out West. On Tuesday, eHealthInsurance.com, an online insurance broker, released its first national survey ranking the most affordable cities for health insurance. The results were striking. A family of four living in Kansas ...
Don't Neglect Renter's Insurance (December 01, 2004)
Here are a few important, little-known facts about renter's insurance: If you have an unrelated roommate and you get renter's insurance, your roommate isn't likely to be covered. Standard policies cover relatives living with you, but that's it. Don't assume that your policy covers everything ...

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