Many believe that Medicare is financed by existing beneficiaries through premiums and future beneficiaries through payroll taxes. In reality, these sources only cover about 50% of the program’s costs – which are increasing every year. As concerns grow about Medicare funding, it’s essential to understand where the money comes from and how we can sustain … Continue reading Medicare Funding | Are We Headed for a Cost Crisis?
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The Employee Benefit Research Institute estimates that HSA enrollment is between 20 and 24 million. Nearly one third of the workforce is age 65 to 75, so there’s a healthy number of Medicare-eligible people with HSAs. However, HSAs were designed to work in conjunction with HDHPs – not Medicare. This is a growing problem, so … Continue reading HSA and Medicare: The Contribution Conundrum
Employees turning 65, as well as those over age 65, have many important questions that need to be answered. Understanding Medicare is confusing, and you probably have a lot of questions… Will I continue to work past 65? Will I automatically be enrolled in Medicare when I turn 65? If I delay enrolling in Medicare, … Continue reading Medicare Questions
There are dozens of Medicare options you’ll need to consider, including whether you are going to enroll in a Medicare Supplement or Medicare Advantage plan. Both come with their own set of pros and cons. In order to make the best decision, you need to know the differences between these plans and how they might … Continue reading Weighing Your Medicare Options
Are you making the right Medicare decisions? Baby Boomers are turning 65 at a rate of more than 10,000 per day and many are not prepared to make the proper retiree health decisions they will face. Individuals turning 65, and those over 65, have many important questions that need to be answered, such as: Will … Continue reading Medicare
Breaking Down the Basics Medicare is a federal health insurance program for individuals age 65 and older. It also covers people younger than 65 with certain disabilities and individuals of all ages with end-stage renal failure or permanent kidney failure. It has four different parts: A, B, C and D. (Parts A and B make … Continue reading Understanding Medicare | Preparing for Age 65
There are a number of charitable giving strategies that can be more efficient than writing a check. One of them is gifting financial assets such as mutual funds, stocks, exchange-traded funds, etc. Since these assets have not been liquidated, the money hasn’t been taxed and the funds aren’t worth the full 100 cents on the … Continue reading Charitable Giving Strategies | Stop Writing Checks!
Its roots were planted more than a century ago by two orders of religious women – the Benedictine Sisters of Yankton, South Dakota and the Presentation Sisters of Aberdeen, South Dakota. The two groups eventually merged their healthcare systems into one, establishing Avera Health on a foundation of faith and service. Beyond the Name Avera … Continue reading Avera Health System
Supply and Demand vs. Senior Care Risk Management Senior care risk management will be significantly affected by baby boomers. The last baby boomers will reach age 65 in 2029. With nearly 60 million people, this group will represent more than 20% of the total U.S. population. About 70% of that 65-and-older population (many with cognitive disorders) … Continue reading Senior Care | Bigger Market, Bigger Concerns
Catastrophic events can have a direct impact (i.e., a wildfire burns down your headquarters) or an indirect impact (i.e., your key supplier was crippled by a cybercriminal). Any ensuing business interruption can lead to lost revenue and wages, and can even compromise the health and safety of those who depend on certain services (this is … Continue reading Disaster Recovery Plan: Business Continuity vs. Business Interruption