Medicare

Medicare, longevity, medical expenses — these are some of the most pressing issues facing clients.

From surcharge brackets to prescription drug plans, advisors need to understand how Medicare works.

Clients who outlive their retirement savings are among those most at risk.

Seniors living overseas are advised to enroll before moving back to the U.S.

Withdrawals for non-medical expenses would no longer be penalty-free under the proposal.

Some plan to downsize to an inexpensive town nearby.

The legislation nullifies a strategy that previously allowed heirs to stretch an inherited account's tax-deferred growth based on their life expectancy.

As much as 46% believe Medicare will cover the costs of long-term care.

Clients' references to being overwhelmed or dealing with a family member’s memory loss can serve as catalysts.

A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.

Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.

“Health care prices are increasing at levels that significantly exceed overall inflation,” an expert warns.

Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.

Dental expenses can eat away a considerable amount of retirees’ savings, but these costs are important to prevent health complications and other medical expenses.

Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.

Medicare will charge a high-income surcharge if seniors reported more than $85,000 (or $170,000 for joint filers) in modified adjusted gross and tax-exempt interest income.

Even middle-class households who have health insurance are at risk, as a researcher points out that they are the ones who filed for the most bankruptcies.

Seniors who intend to get a Medigap policy to supplement their traditional Medicare coverage may have trouble getting one.

Clients may want a new plan if there have been unfavorable changes to their old plans, they want more flexibility or because of a new illness.

If your client's goal is to save more for retirement, there are some simple steps they can take to make that resolution stick.