How to Start Planning for Healthcare in Retirement

Plan for the worst and hope for the best. That’s what a friend of mine used to tell me she always did. That’s how she ran her life. I’m a planner – I plan just about everything. But I do not plan for the worst and I always hope for the best. However, when it comes to feeling good about what our future holds as far as health care and retirement looks like, this would be a time to plan for the worst and hope for the best.

Health care is and will continue to be one of the biggest expenses in retirement. Yet many people nearing retirement don’t understand the risks these costs pose to their financial plan – and aren’t preparing for them. According to the 4th Annual Nationwide Retirement Institute survey, America’s workers are “terrified” of health care costs in retirement, but few are doing anything about their concerns.

Here’s just a few statistics and things to ponder:

Remember when everyone used to work at the same… department store, firm or manufacturing company for 35+ years. Back then, you were promised a pension and allowed to also keep your health care plan after leaving their employ – even for the whole family! Back in 1997, this was true for 1 of 4 in and in 2011 this number was down to 10% employer coverage.

Today, 26% of the American people don’t know what the annual health care costs in retirement will cost after stepping away from employment. The blazing question is: Did you or are you budgeting enough for this healthcare expense?

If you haven’t yet thought about…

Source by Diane C. Brown

Be the first to comment - What do you think?  Posted by admin - January 24, 2018 at 12:11 am

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What Is The Affordable Care Act?

What Is The Affordable Care Act?

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The country is changing rapidly, and plenty of new laws are being introduced every year. One of the most controversial changes so far has been the affordable health care act. What is affordable care act? How does it affect the average person? First of all, this is an act that is intended to provide low cost health care to the average American. in addition to that it will help to protect those who DO have insurance.

One way this will help you is to defend you against immediate cancellation if you happen to get sick. Many insurance companies will see you as a risk if you contract a disease or an injury, and they can use loopholes in their contracts to ensure that they are not the ones paying for your treatment no matter how long you have held a policy with them. The new affordable care act will help to close these loopholes and ensure that everyone gets the healthcare they need, no matter what type of condition they have or might develop.

In an amazing turn of events, insurance companies are now required to accept children with pre-existing conditions and adults who have been denied coverage because of a pre-existing condition may now obtain coverage.

Although full coverage will definitely go into effect until 2014, you can expect some parts of the law to help you right now. First of all, young adults will now be able to stay on their parent's health plan up to age 26, which is perfect considering the current state of the economy. In addition to that, some…

Source by James Mwangi

Be the first to comment - What do you think?  Posted by admin - January 23, 2018 at 10:55 pm

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Florida Health Insurance

Florida Health Insurance

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Florida health insurance that meets your health care needs is very essential. Over the past few years, the cost of Florida health insurance is on the rise. Because of the high cost, the number of uninsured in Florida continues to rise. The state government and certain non-profit organizations in Florida have taken efforts to reduce the cost of health insurance so as to provide medical care to those people who need it most.

Florida health insurance is for individuals as well as groups. It not only protects you, but also provides access to quality heath care services. Health insurance in Florida provides medical coverage to children up to age of 19, pregnant women, self employed individuals, and families. In Florida, the rate for health insurance varies significantly from one insurance company to another. You can save time as well as money by comparing the different health insurance plans in Florida.

In Florida, a wide range of health insurance plans are available to choose from. Most of them provide benefits such as the cost of medicine, prescriptions, doctor visits and hospital stays. The types of health insurance plans available in Florida include individual health insurance, small group health insurance including health savings accounts (HSA) and health reimbursements accounts (HRA); large group health insurance, and temporary health insurance.

To qualify for individual health insurance in Florida, you have to undergo a medical exam. If you qualify…

Source by Kristy Annely

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Electronic Medical Records – The Pros and Cons

Electronic Medical Records – The Pros and Cons

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In this digital age, more and more bulks of information which used to be paper-based, from library catalogs to telephone books, are digitized and stored in a central location for easy access. The idea of ​​EMRs started about 40 years ago.

The main proponents of EMRs cite the following advantages:

(1) The use of EHRs supposedly reduces errors in medical records. There is no doubt that handwritten records are subject to lots of human errors due to misspelling, illegibility, and differenting terminologies. With the use of EMRs standardization of patient health records may eventually become acheivable.

(2) Paper records can be easily lost. We have heard how fires, floods and other natural catastrophes destroy physical records of many years, data which are lost forever. Digital records can be stored automatically forever and can be kept long after the physical records are gone. EMRs also help keep records of health information that patients tend to forget with time, ie inoculations, previous illnesses and medications.

(3) EMRs make health care cost-efficient by consolidating all data in one place. Previously, paper-based records are located in different places and getting access to all of them takes a lot of time and money. In a systematic review, Kripalani et al. evaluated the communication transfer between primary care physicians and hospital-based doctors and found significant deficits in medical information exchange. The review recommended the use…

Source by Katt Mollar

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Social Security Disability Eligibility

Social Security Disability Eligibility

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Social security disability eligibility is determined by the type of disability for which you are applying. This is determined by applications for a child under 18 or an adult over 18.

If you are filing for a child under 18, the following criteria must be met to determine their eligibility for disability payments:

  • The child must have a condition either physical or mental that limits their activity severly. This condition or conditions must either be expected to last one year or has already lasted one year, or possibly cause death.
  • Family income and resources are considered.
  • Personal information regarding the family.

Initially the state agency will make the decision as to their eligibility. Information from school, physician or others must be provided. In the event that the state agency is in need of additional information to further the process for certification, they will ask for you to have a test or examination for the child.

Information for disability eligibility can be obtained from the starter kit that you will receive from social security or at the office during the interview. Internet access will allow you to fill out the application at the SS website. A letter from social security will notify you of eligibility and this can take in excess of 3 months.

If the child is under 16 years of age and is denied, referral will be made to state agencies which may be able to help.

Filing for adult disability eligibility is similar. Initially you…

Source by Norman Burr

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Social Security Disability and SSI: How to Win Your Appeal

If you have been denied Social Security disability or SSI benefits and are appealing the decision at a hearing, there are steps you can take to ensure a favorable decision. You can win your Social Security appeal without hiring an attorney.

When Social Security denies your application for disability or SSI benefits you have 60 days to file an appeal. In most states you will first file for reconsideration and your State’s Disability Determination Service will re-evaluate your case. If this reconsideration is denied again you will have another 60 days to request a hearing before an administrative law judge.

Hearings are held in Social Security’s Office of Hearings and Appeals. When this office schedules a hearing for you they will set up a time for you to appear before an administrative law judge to argue your case. At this hearing you will be able to present any new medical evidence you have to support your claim. You may also bring witnesses to speak on your behalf. This could include an attorney or disability representative. You are not required to hire an attorney or representative; however, if you choose to have representation this individual will receive 25% of your back pay should you win.

Instead of having an attorney represent you, bring other qualified individuals to speak on your behalf. This can include your doctor, social worker, and family members. Your family members know the most about your disability. They know how it affects you on a daily basis. …

Source by Jack Burton

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How We Can All Change the Future of Health Care

How We Can All Change the Future of Health Care

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Ten years from now where will health care be? Will all Americans have health insurance? Will health care be delivered in the best way possible? Will costs be contained? No one knows for sure. But we can be the ones who shape the future of health care delivery. Right now we can be the ones who can make sure that our children and grandchildren will have fair and competitive health insurance rates, high-quality health care and the peace of mind that comes with it. I say we stop blaming and start finding solutions.

Doctors must now become better business people. They must look for ways to become more cost efficient and deliver quality care at the same time. It is not impossible. By studying the new health care law and being up to date on all the new rules and regulations, doctors can be creative and implement cost saving measures in their own offices. Be proactive and meet challenges head on. Mary Pat Whaley, a Fellow in the American College of Medical Practice Executives with 25 years of experience in health care management has listed on her blog, Manage My Practice, "101 Ideas for Increasing Revenue and Decreasing Costs in Your Medical Practice". She has great ideas to add or subtract services that can make medical offices more profitable. Does it make sense to hire a mid-level provider like a nurse practitioner or physician assistant? Can some of the administrative processes in the office be streamlined? Is there a good triage system and medical…

Source by Terri Richards

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Healthcare Industry is Growing

The healthcare industry is continuing to create jobs since the global economic downturn. Medical training will be an utter necessity in order to provide services to the increasing geriatric population. Unemployment rates have been going up in most other sectors like retail and construction. Job cuts and recession are the largest concern in everyone's mind today. Healthcare schools have seen to contribute for thousands of medical industry jobs every month.

Healthcare training in pediatrics and obstetrics has high hospital demands to cater. There is a distinct upward trend in job creation with the medical and health care industry worldwide. Healthcare schools are set to thrive with the sustained increase in national healthcare spending. Medical schools play a key role in providing the skilled professionals in order to handle the aging baby boomer population. Healthcare industry has added two million jobs in the last eight years. This is significantly higher than most other private sectors. Local medical and social assistance services add to about forty thousand healthcare jobs every month. This is in significant contrast when compared with the considering private job losses in other industries.

The healthcare industry is known to have a minimum job growth of thirty-forty thousand per month. Government policies aim to increase on the annual spending of health programs. This money works to pay for the services of in-demand medical personnel. Healthcare…

Source by R Govindan

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Why Do I Need Disability Insurance

Your career is a direct result of hard work and a substantial investment of time and money. Does not it make sense to fully protect it? A disability could render you helpless by taking away the one thing that you need to safeguard all of your assets: your income.

Home, auto, life, and health insurance are definitely valuable investments, but failure to couple them with disability insurance will jeopardize your full financial security. For example, health insurance may cover the potential fiscal pitfalls of the medical bills that result from a disability, but the rest of your financial obligations are not going to come to a halt. Vehicle payments, mortgages, insurance premiums, and even savings for the future are all important expenses that can not be ignored just because you are disabled. Unfortunately, the chances of becoming disabled may be greater than you think.

According to the 1994 Statistical Abstract of the United States, in the course of a year, odds are that 1 in 10 people between the ages of 25 and 64 will suffer a disability. When comparing that ratio to the odds of being a victim of a house fire (1 in 122); injured in an automobile accident (1 in 160); or even of death (1 in 117), the advantage of disability insurance is clear. A February 2000 article in the New York Times reported that 1 in 7 people between the ages of 35 and 60 will become disabled for five years or more.

Despite these glaring statistics, many people still take a…

Source by Toby Lason

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Wheelchair Scales Weighing the Disabled

Wheelchair Scales Weighing the Disabled

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One of the major difficulties in hospitals and clinics is weighing the non-ambulatory. These patients, who range from the very ill to the elderly and overweight, require some people to move from a wheelchair to a scale, even a chair scale. In many cases, moving these unhealthy individuals is not advised, either for their own health and safety, or for the safety of the individuals who need to move them.

One of the best inventions of the 20th century, in terms of protecting patient and healthcare worker safety, is the wheelchair scale. Even the most common model, built for use with any standard wheelchair, offers such options as eye-level readability for nursing staff, a dual-sided readout beam, a detachable ramp for easy movement on and off the platform (and for use as a stand-alone scale), and an optional kit that converges the scale to work in tandem with existing Detecto scales.

The stationary model of a wheelchair scale features a padded handrail for ambulatory patients, a non-skid mat and a die-cast, dual-sided, eye-level weight beam in either 4-ounce or 100-gram increments. Battery operated, this model allows medical personnel to either key in the weight of the chair or use preset options.

Wheelchair scales for bariatric patients will read values ​​up to 1,000 pounds, and the portable model – reading at 800 pounds – features integral wheels and handles for complete portability, as well as battery power and the option to enter the chair weight so that…

Source by Stephen Lamb

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