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If you're between the ages 60-78, you need to read this article.
NEWPORT BEACH, Calif. - Californer -- If you were born between 1946 and 1964, you are part of the boomer or baby boomer generation and there are several insurance considerations to make within the age range of 60 to 69 years old.
Overall, insurance rates across the board have gone up because nearly everything is more expensive these days, including medical services, car parts, construction materials and labor.
Review all of your insurance products annually, cut coverage you no longer need, switch to a more economical plan or add necessary coverage that may save you money in the long-run.
Here are some tips for each topic covered in the article (URL at end)
Health Insurance
Most Boomers are on Medicare and if you're one of them, you can skip to the next section on Medicare. If you're under the age of 65 and are not yet eligible for Medicare, you may have a private health insurance plan or one through an employer. If you have a private plan, it's a good idea to compare health insurance plans each year to make sure you're getting the best plan for the least amount of money.
More on The Californer
If you don't have health insurance, you're at risk of filing for medical bankruptcy...(for more go to link at end for full article)
Medicare and Medicare Advantage or Medicare Supplements
What many people don't know is that when they sign up for Medicare, they have the option of choosing Medicare Advantage instead. Medicare Advantage is the private version of Medicare and also offers vision, dental and hearing benefits and certain prescription drug plans that Original Medicare does not.
Read the full article: https://smartfinancial.com/boomers-insurance-guide
Overall, insurance rates across the board have gone up because nearly everything is more expensive these days, including medical services, car parts, construction materials and labor.
Review all of your insurance products annually, cut coverage you no longer need, switch to a more economical plan or add necessary coverage that may save you money in the long-run.
Here are some tips for each topic covered in the article (URL at end)
Health Insurance
Most Boomers are on Medicare and if you're one of them, you can skip to the next section on Medicare. If you're under the age of 65 and are not yet eligible for Medicare, you may have a private health insurance plan or one through an employer. If you have a private plan, it's a good idea to compare health insurance plans each year to make sure you're getting the best plan for the least amount of money.
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If you don't have health insurance, you're at risk of filing for medical bankruptcy...(for more go to link at end for full article)
Medicare and Medicare Advantage or Medicare Supplements
What many people don't know is that when they sign up for Medicare, they have the option of choosing Medicare Advantage instead. Medicare Advantage is the private version of Medicare and also offers vision, dental and hearing benefits and certain prescription drug plans that Original Medicare does not.
Read the full article: https://smartfinancial.com/boomers-insurance-guide
Source: SmartFinancial
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