Approaching the age of Retirement

Approaching the age of Retirement

As you get closer to retirement age, you should be concerned about changes in the future. Why not take proactive steps to place your new financial experience in your own hands? In addition to working with a financial consultant to manage your financial affairs, you must be actively involved in the activities you can administer to ensure a smooth transition to retirement. Here are three recommended activities you should do the year before your last day of work:

  • Keep track of your expenses even money spent on Affordable Health Insurance 2020 so visit to get started.
    . Your retirement habits will help you a lot to determine if you have enough to feel comfortable in the coming years, and your lifestyle after leaving the job market should correspond to your retirement income. Take your calculator and carefully list the planned expenses. Identify recurring and foreseeable costs for public services, residences, food and other needs. Include money for free time and politics for the unexpected. Consider simulating your retirement years by following the health budget for several months and making the necessary changes, if any. In general, it is more realistic to think that material and discretionary retirement expenses do not change drastically.
  • Make an inquiry with Social Security. If you want your benefits to be used immediately, have a plan. The Social Security Administration suggests applying for subsidies three months before beginning to receive them. This includes Medicare benefits that affect health care costs. Do your due diligence and consult your financial advisor to understand how the benefits you receive will be affected by your retirement age, so that an informed choice can be made. Also, think about how your social security benefit can be influenced by other income, taxes and a spouse who works or does not work. Keep in mind that, in most cases, it makes sense to wait until age 70 to get benefits.
  • Balance your investments. Evaluate your asset mix and reorganize your portfolio if you want to reduce risk and save capital. Depending on your objectives and comfort in case of potential volatility, you should discard high-risk stocks and transfer assets to safer and slower-growing investment vehicles. During retirement, liquidity may be higher, therefore, consider transferring your funds to a more liquid economy. Work closely with your financial professionals to check your risk tolerance level and discuss what is best for your goals and financial situation.

When you are over the age limit, you can do 3 things in the first 3 months to get started.

  • Start on the right path to stay on the right path. Begin your retirement with the trick of looking at your expenses and your income. With e-banking, investments and billing, it’s easier than ever to consider your dollars. Many banks provide budgeting tools with online banking services; It allows you to see where your monthly expenses are at a glance. If, in the first months of your retirement, you realize that your expenses are above or below your expectations, consult your financial consultant again and see how to adjust your monthly balance.
  • Update your will and your insurance. Now that the circumstances of your life have changed, check your will and your insurance policies. Are your beneficiaries informed of these contracts? Will yours be finished? You may find that the type and amount of your insurance differs from what you need now.

Which Medigap Insurance Plan Is Best for You?

Which Medigap Insurance Plan Is Best for You?

If you have attained the age of 65, you will become entitled to Medicare, but that does not mean that you are protected and safe if anything happens to you. Many people make this mistake and pay the price in the long run. While Medicare is definitely an advantage for you, you probably need additional insurance or Medicare coverage to add it. Medicare will handle almost all of your basic health needs, even if you can not only maximize or advance one time, this can or possibly leave “no fringe” in the plan that is not guaranteed. That is why you may want to establish an additional Medicare insurance plan when you are 65 years old.

This sort of plan functions just like your conventional health insurance, with the difference that all of your health costs are first delivered to the federal government. At this point, Medicare decides on what to do and thereafter delivers it to your Medicare supplement insurance and, then secures the remainder. If you have not signed in for this kind of insurance, you could end up paying what Medicare will not guarantee. This kind of plan guarantees the additional cost of regular medical visits but you can also make sure that you go through an intensive surgery or stay in the hospital. This is not long term care insurance as there is a limit to the time required for each admission to be treated.

Buying this type of insurance is probably the most complicated in the first place because the receiving company can choose the healthcare companies to which it can go. That is, if you have a clinic or even a doctor you wish to have access to, make sure that your insurance plan is approved by them. So if you are looking for Medicare supplement insurance, it is a good idea to talk to your family doctor if you have one to determine which insurance they accept. That’s why you do not need to change health care, something most people do not like to do when they’re 65.

There are many ways you can buy 2020 Medicare Supplement Plans from and if you had health insurance before age 65, you may want to continue with the same agency only without having to change them frequently.On the other hand, if you do not have an insurance plan, you may need to consult some of the best-known health insurance agents or talk to your doctor about what you would probably do. There are also some very valuable resources on the Internet that can help you choose which agency is right for you and your specific medical requirement.Just like when you select car insurance, you can make changes to your insurance plan, how to maximize your deductible, as well as reduce your monthly premium in case you want to get the best plan for the lowest premium.

A Medicare Advantage Plan for Benefit

A Medicare Advantage Plan for Benefit

As a senior citizen, you probably know that there are options to Original Medicare to choose from and Medicare benefit plans is one of them. Nowadays, most seniors prefer a benefit plan for Medicare because they have more coverage and additional benefits and the expenses will be lower. However, it will be difficult for you to decide which insurer or coverage to obtain if you did not do your research. If you are worried about your future medical expenses or just those that are happening, a knowledge of an advantage plan to replace your Medicare will be a great idea.

Who supports Medicare Advantage policies?

You have to know that all insurance agencies in the United States focus their attention on maximizing profit. This is the reason why they are only willing to accept the risk of medical bills for the elderly, because they believe that they can obtain benefits by accepting this type of risk with the belief that they will make much more money than they would have to spend.

Normally, the federal government supports the financing of the benefits plan through the premium paid by the Medicare beneficiary and the premium paid directly to the company. The insurance company, in such situations, can generate income in the end, simply because they are able to dictate franchises and additional costs to their consumers and also have access to experts to invest the funds.

Cost of Medicare benefit plans:

So far you have noticed that Medicare and an additional plan cost much more than any Medicare plan in the market. For example, there are a ton of Medicare benefit plans that are literally totally free for all seniors who have already enrolled in Medicare Part B. In general, you will have to pay for this Part B voucher. These franchises and co-payment will still remain depending on the global nature of your Medicare plan. Depending on the type of added value that the plan includes, you may have to pay an additional premium. Additional benefits may include:

  • Prescribed medications (only in certain plans)
  • Vision care
  • Dental care

Additional benefits of Medicare Advantage plans:

You have many additional benefits to take advantage of Medicare benefit plans, as mentioned above; These are additional coverage that you will not find with traditional Medicare. This also consists of dental care, prescriptions and visual resources. However, to take advantage of some of these benefits, the insurer may require you to receive an indication from your doctor and need to see a doctor in your network. If you buy a Medicare plan, you will see that insurance companies charge a much higher premium for these additional benefits, you can save by buying a plan with fewer covered services.

With the erratic costs of medical care, patients and the federal government are beginning to think carefully about how to manage the cost of their medical care. As the current system approaches collapse, many are considering a private insurance company to solve their business. Today, Medicare Part C plans are the perfect solution for all Medicare beneficiaries; the federal government partially sponsors them to help them cut costs. A 2020 advantage plan comparison is a great alternative to Original Medicare, but it is not for everyone but review anyways at

Invest Early to avoid Potential Waste of Resources after your Retirement

Invest Early to avoid Potential Waste of Resources after your Retirement

I believe that most of the seniors will have a structure as well as an idea of the investment they want to venture after their retirement. With that idea in mind you need to make hay while the sun still shines. You will agree with me that waiting for so long after your retirement before you can start investing may lead you to change of mind and here you will be tempted either to give up and stay idle or even invest on something that you had never planned for.  It is very important to invest early because of a number of reasons that we are going to discuss here.

The sooner you invest the better

Like we have said, it is better for seniors to start investing even when they are in their last yea of employment. This is so basically because investing early gives you an opportunity to start achieving your investment goals as soon as possible. Sometimes we may be tempted to wait basically because you think you have a lot of time in your disposal but the truth of the matter is that there is no time when it comes to investing. It is better for you to invest early and start working towards achieving your goals early enough.

Early Investment means investing amid Fresh Ideas

The root of any investment is an idea and you will agree with me that whenever we have a business idea, waiting for so long might render our ideas misty and not very vivid. That calls for the need for seniors to invest as early as possible or we can say when the business idea is still very fresh in your mind. On the other hand, since seniors are known for their forgetfulness, it is better if they will start drafting their business plans way before they retire so that as soon as they are out of the employment, they will have perfect time and strategies for starting a business.

Early investment gives room for adjustments

Sometimes, having very little or tight schedule while investing might render our investment invalid hence the need for investment. With that idea in mind, it is very important for seniors to make sure that they invest early so that they will have a chance to make adjustments to their investment goals and plans if need be. Invest in your health and get 2020 medicare supplement quotes for next year.

Medicare Supplement Plans

Are you someone who goes to your physician regularly or sees a specialist frequently? If so, you may need to understand that Medicare Part A and Medicare Part B will not cover all the medical expenses you may incur. A Medicare supplement plan, also known as Medigap, will cover those expenses such as copayments, deductibles and coinsurance. There are 10 standardized Medicare supplement plans and they are lettered from A-N. Plans E, I, J, and H are no longer issued. Private insurance companies may not offer all the other plans, but they do offer Medicare supplement Plan A.  With that plan, they must also offer Plan C or Plan N and other Medicare supplement plans.


No matter where you live, each Medicare supplement plan is standardized and will be the same at every insurance company you may visit for your insurance needs. So if you get a Medicare supplement Plan G in Texas, it will be the same Plan G in South Dakota. In Massachusetts, Minnesota and Wisconsin the Medicare supplement plans may not be the same as in other parts of the nation. Another consideration is that Medicare supplement plans 2018 do not cover drug prescriptions, dental, vision, hearing aids, but they do cover these:

Medicare Part A coinsurance amounts up to 365 days after benefits are gone.

Hospice care and copayments or coinsurance.

Medicare Part B coinsurance or copayments.

First three pints of blood used in a medical procedure.

Some plans have extra coverage. Such as the Medicare supplement Plan F which has these extras:

Medicare Part B preventive care coinsurance

Skilled Nursing Home care coinsurance

Medicare Part B deductible

Medicare Part A deductible

Medicare Part B excess charges

Foreign medical expenses

Supplement plan cost

All insurance companies will offer the same lettered plans, they will differ in the costs of their monthly premiums. One really must be very careful looking at all the plans available to see what will meet their medical needs. The other consideration is the cost of the monthly premiums they will be prepared to pay for all that is offered in those plans.


When one reaches the age of 65, they are eligible to join Medicare Part A and Medicare Part B.  You may also get a Medicare supplement plan to cover the 20% Medicare does not cover. This needs to be done with 6 months of joining Medicare, so your existing medical conditions are covered and your premiums will be lower than if you wait until you are older.

How Medicare Supplement Plans Work

Medicare Part A and Medicare Part B are medical insurance plans to help pay the medical costs a senior may incur as they get older. The only problem is they only cover 80% of your medical expenses and the 20% left will be the sole responsibility of the recipient. There are Medicare Supplement Plans 2018, also known as Medigap, which are offered to a person to help with the 20% expenses that one will have left after Medicare pays their amount. There are many Medicare supplement plans to choose from and one needs to look carefully to see what will meet your medical needs. Some plans with cover you if you were to travel abroad and had an accident or illness or cover excess Medicare Part B expenses. Basically a Medicare supplement plan fills up the gap that Medicare Part A and Medicare Part B will not include.

Depending upon where one lives, and you are under the age of 65, you might have Medicare because of an illness or disability, amyotrophic lateral sclerosis or end stage renal illness. The states are not required to give Medicare supplement plans to people under the age of 65. If you are and have Medicare, you should contact your states insurance facility to see if you are suitable for a Medical supplement plan. One must consider that Medicare Part A and Medicare Part B do not cover prescription drugs. There are plans to help with this expense and you would be wise to look into these Medicare Part D insurance plans. These plans are available to those who have Medicare Part A and Medicare Part B.  Medicare supplement plans can only be acquired if one has Medicare Part A and Medicare Part B so one needs to join those first.

If you have Medicare Part A and Medicare Part B they will pay 80% of your medical expense you incur because of an accident or illness. The remaining 20% of medical expenses will be taken care of by a Medicare supplement insurance plan. There are many plans available to meet your medical expenses and cover various health concerns. One will need to look closely at all the plans to see what will cover your unique medical concerns. Another consideration is the cost of the premiums you will incur monthly. Please note that where you live will determine the amount of the premiums for each plan.

Explore the Medicare Supplements Plans

Medigap is one of the best alternatives that exist in the whole world in terms of complementary plans for medical insurance. Since it came to light has become the favorite of the public and this is due to all the benefits it has for you. Best of all, there are many things that make Medicare Supplements Plans your best choice after you already have Medicare. On the one hand, it is very important to know that Medigap only covers the parts that your Original Medicare Plan does not reach. This means that if you do not previously have a Medicare insurance policy, you will not be able to obtain this complementary plan.

Another curious fact is that the Medicare Supplemental plans are not purchased directly with the people in charge of the federal health program but it is done through a Private Institution which will give you all the necessary information. In addition, so that you can go to acquire the Medicare Supplements Plans you must do it within the established period of time, only then you will be able to join this new modality. Outside of the dates, it is difficult to guarantee the Medigap policy. Likewise, Medicare Supplements Plans are divided into different options. There are 10 plans called Plan A, B, C, D, F, G, K, L, M and N which vary in different things. Some of them are your coverages.

Some may just cover some things such as hospital stays in case of an emergency and leave exams aside. As well as there may be other plans which concentrate on covering the bills of the most expensive exams. Some plans even offer you coverage only for routine exams so that for others you should use your own pocket. And another, they cover what is the part of the medicines. On the other hand, the one you choose must adapt to all the needs you have, otherwise, you can not be completely protected by Medigap.

Whichever Medicare Supplement Plan you choose, you should know that you have to pay some premiums monthly. This means that when a certain date arrives in each month, you have to allocate a specific amount that corresponds to the payment of the Medigap plan premiums that you have chosen. The validity of these plans depends on each one. It may be that the one you have chosen lasts a year but there is another one that only covers for 6 months, this may vary since each plan is very different from each one. Even so, all Medigap plans have a renewal option. Automatically at the time they expire, you have the opportunity to go with your insurance advisor to renew the policy of your Medicare Supplement Plan. Even that moment is the right time to add more new things to your policy so that your coverage expands. Exploring all the plans that Medigap has for you is an adventure that you will surely want to have. So go ahead and do it.

Synopsis on Part B Medicare Supplement plans Late Enrollment Penalty

Are you new to insurance and do you know the details of Part B Medicare to sign up the moment you become eligible? Yes, there is a need to sign up, else for Part B Medicare supplement plans, you will be charged late enrolment penalty.  Apart from this you also have to wait for the Part B coverage to enroll until the enrolment general period. However, you can escape the penalty charges, if you are qualified for SEP, the special enrolment period.

Medicare supplement plans, Part B covers physical therapy, outpatient test, procedures and also doctor expenses. For many, the Part B pays to get enrolled on eligibility, particularly when the months revolve around your 65th birthday.  If you delay, there are chances that you may not get the required medical coverage on your need. Besides, enrolling late, means paying penalty all your life.

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Part B Late Enrollment Penalty, what is it?

The penalty for late enrolment is imposed for not signing up Part B on eligibility. Paying a penalty cannot be avoided if you get enrolled late and you have to pay every month until you have the Part B Medicare. Medicare supplement plans 2018 help pay deductibles and co-pays in Medicare.

The penalty works as this:

  • In case on 30th November your IEP ends, you signed on 25th January, means you have got enrolled in the next enrolment open period. Here you did not delay a 12-month time go away and so you need not pay any sort of penalty.
  • In case on 30 December, 2013 your IEP ends and you failed to take Part B until 31 March, 2017, means you have delayed for almost 3 and half years to get enrolled. It means it is accounted as 12-month full three periods and you will have to pay every month a penalty of 30 percent.

How to Avoid Penalty

As you turn 65, get enrolled in Part B, particularly in the (IEP) initial enrollment period. It begins before three months of the birth month and the time ends after three months of your birth month. It means if on 15th June, it is your birthday and you attain 65 years, you may get enrolled between 1st March and 30th September.  If the IEP period is skipped and you fail to enroll with Part B, you can sign during 1st January to 31st March that is the general enrolment period each year of Medicare supplement plans. On enrolling at this time, it is only from 1st July that you receive the coverage. It means you are without insurance for this period and god forbid you should not have any injury or sudden illness.

Why Use Medicare Supplement Insurance

Medicare supplement insurance is best for you to apply to because of many reasons. It provides a lot of benefits and accessibility. Some of the best Medicare supplement plans for 2019 are:

Additional Benefits

If you must know, the original Medicare plans only cover your part A and part B program after you reach the age of 65. Part A includes your hospital insurance while part B covers your medical insurance however within these two, the original Medicare plans doesn’t pay for almost everything. This is where the Medicare supplement comes in, any additional costs that come within the range of part A and B program are covered by supplement insurance policy.

Travel Coverage

Some of the best Medicare supplement plans for 2019 covers your back when you’re travelling abroad or outside or U.S. in other words, if you are travelling and you fall ill or suffer some other emergency then Medicare supplement will provide you with its help. However, keep in mind that the travel policy comes with an additional appeal i.e. make sure you discuss this with your doctors by telling them to enroll you in the type which covers the travel emergency expense.


Once you enroll into the Medicare supplement program, then you are guaranteed to be accepted. Some insurance plans take a lot of time in accepting another member but the best Medicare supplement plans for 2018 covers this option by providing you guaranteed acceptance whenever you apply.

Extra Rates

It is also notable that Medicare supplement doesn’t cost you higher because of your health conditions however this arrangement works when you apply or enroll yourself during the specific period Medicare supplement offers. This enrollment period basically consists of the six months period starting the month you turn 65 and already are enrolled in Medicare part B program.


In Medicare supplement plans, you can visit or get yourself checked by any doctor who participates in Medicare. You can also opt any facility or hospital provided they do participate in Medicare.

Decision Period

With Medicare supplement, you are allowed to think over your option for at least 30 days. During these 30 days, if you wish to discontinue or go through with the plans Medicare supplement offers, then you are allowed to do so. However, after the 30 day trial, you will have to continue no matter what. According to some, you can still ask for a change but through referrals however the authenticity of this is yet to be questioned.

How Seniors Can Make the Most of Their Smartphone


Smartphones are getting cheaper every day as society standardizes on the technology, and it’s become normal for more and more people to own one. If you own a smartphone, don’t be intimidated by its vast technological capabilities. You may not need to use all of its functions, but there are plenty of tools that you may want to take advantage of.

Internet access

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One of the biggest advantages of a smartphone is it keeps you connected to the internet right from your pocket. You can use your cell phone’s data to connect to the internet or connect to a Wifi hotspot provided by your home internet connection or at a coffee shop or restaurant that provides one. Most cell phone plans offer unlimited data these days, so if you opt for that kind of plan you can connect to the internet anytime without it costing you any more money like it would if you used up all of your available data each month.


With access to the internet you can stay connected to friends and family through social media apps like Facebook and Twitter, or you can search online for products to buy or research Medicare supplement plans. You can even make video calls to friends and family.

Music and audiobooks

Another great tool that smartphones provide you is apps for music or books. Download your favorite music or listen to radio stations right from your phone. You can also download audiobook versions of your favorite books to have them read to you, or subscribe to podcasts so you can listen to experts discuss your favorite topics.

Take lots of pictures

Most smartphones have pretty high quality cameras and plenty of storage space to keep your pictures with you at all times. Take pictures of your travels and the fun things you see everyday, then take advantage of that internet access to post them to any social media apps you might have. Your friends and family love seeing pictures you post.


You may be retired now, but email never goes away. People want to stay in touch with you, send invitations, and share interest articles. Embrace the email and take advantage of being able to access it right from your pocket. Sending an email today is just as easy as sending a text message, so you can check your email and respond (if you want to) in seconds.