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Simple tips for the retirement planning

Simple tips for the retirement planning

There is a number of consequences you have to face when you turn to be an aged person. In the age of 55 to 65, you become frustrated and confusing. At this time, you have to know about your financial goals. When you are giving the financial goals will then you don’t need to suffer from any financial troubles.


There is a number of pages available and it is mentioned every page should give 15% invested into retirement. Retirement savings walls are great and you have to enjoy in the less of your income. Now, you can enjoy your income in the future. For this purpose, you have to work on the best retirement plan.

See the spending cost

If you want to be realistic then you have to want to recognize all your expenditures. When you are looking for the expenditures then you can check out and make a Portfolio to work on the retirement plan. There is a number of people who actually spend a lot of money and never work on the retirement plan. Therefore, it is recommended to save huge money which helps you to target the prosperity in the future. Even it how beautiful it read out from the unrealistic things and you can work on to pay the medical emergencies and various others. So, it is good to work on the managing of retirement plans and you can understand about everything that you can expect

Twig to the strategy

These days, nothing is risk-free and you have to take the risk when you are investing the money or plans for retirement. Now, you can work on the best retirement plan with the help of mutual fund or stocks. But, you have to know the values of these mutual funds and stocks fluctuate. You have to face a lot of ups and down so when you make an investment in it. Therefore, you have to get the required knowledge about the investment and it helps you to make the huge savings which you can use as your retirement.

No need to keep all the money at the same place             

If you want to work on the retirement plan then you have to keep investing your money on the best places. There are a number of people who always invest money in the same place. But, it is advisable not to invest the money all the time at the same place. There is a need to find better resources for the retirement plan which help you to get the best return on your investment. With the help of those resources, you can earn a huge profit and you don’t need to struggle a lot especially in the future when you don’t have capabilities to work.

Seniors should never invest in Foreign Countries without Proper Knowledge of the Market

Seniors should never invest in Foreign Countries without Proper Knowledge of the Market

Sometimes, we might perceive external markets as the best yet there are other barriers that might make things more complicated than we might have imagined. Seniors should therefore consider investing within the boundaries of their countries. You will agree with me that investing within you boundaries are more beneficial than investing in other countries. There are some of those who might have dreamt of starting business in another country but I would like to differ and discourage you not to go along with that plans. Here are a number of reasons why investing within the boundaries is important.

External markets are unpredictable and risky

As soon as you receive your lump sum retirement funds, it is very crucial to be aware of the idea that you need to research on how external markets are doing. You might have worked within your country for the rest of your life and you might not have any prior knowledge about other external markets. Investing in markets that you know little or nothing about might prove a risky business and that should be avoided at all cost. On the other hand, external markets may not be easily predicted and investing in such a market will be like driving a bicycle in narrow path with treacherous terrain and totally dark.

External markets may favor only locals or citizens

Sometimes, if you are running a business in another country where you are not a citizen or a local might be a wild goose chase. Why am I saying so? This is simply because there are laws which tend to favor citizens and not the foreigners. Investing in 2020 medicare advantage plans by heading to and such a country will render you a foreigner who has lost his way. On the other hand, there are legal policies which says that foreigners should be taxed more than the locals. Such a move is aimed at ensuring that the locals benefit more and the foreigners suffer to extinction.

Investing within gives your family members and opportunity to help you run the investment

When you retire at the age of 65 and above, it is very crucial to consider the need to invest within your country and allow members of your family to help you run the business. However if you invest far away from them, they might not have an opportunity to help you run the business. That is a fact.

Senior living: how to find low-income senior-housing

Senior living: how to find low-income senior-housing

Whether it is developing country or the developed country, standard of living has always been a matter of concern. Housing is one of the components which plays crucial role in maintaining a good living standards. But, at the same time if you are living in rented house, you might be spending a big share of your earnings on housing – it is advised to spend no more than 30 percent of your earnings to have a proper balance between the living standards and the financial conditions and to set aside funds for 2020 Medicare advantage plans comparison  Once attaining the age of 65 or getting retirement, you might be looking for low-income senior housing to manage your finance after retirement. Here in this article we help you in how you can find low-income senior housing.

Analyse your finance and budget wisely

Analysing the finance condition and then deciding the budget is the first step towards considering the best housing options.

How to avail low-income housing?

There are numerous options available for low-income senior citizens. In some of the countries the government subsidized housing schemes are available wherein the landlords are subsidized for providing rent on lower prices. But to qualify for these schemes you must fulfil certain criteria and of course these are: age, income etc. But there might be different requirements for different places, so I would recommend you to contact your local public housing agency. They would be able to help you with the perfect housing schemes and facilities that you can avail. Public Housing: It is another housing option that you can consider. These are the houses which are administered and funded by the state. You can have detailed information on such schemes by visiting your local government websites or you can ask for information from local government offices. Besides all these, private housing schemes are also available. These are basically the non-fit organisations but they are financially supported by the state for the construction of houses.

Google can help

You can find more information on housing schemes available in your specific country by simply searching on Google.

What to expect in senior low-income housing?

One should expect getting one-bedroom apartment with a kitchen and a bathroom. There should also be some more imperative services like housekeeping, transportation facilities, home- delivered hygienic food. In this article I have shared some information on how you can avail low-income housing, different schemes available and how you can get more information on the particular scheme. I hope, now you can take well informed decision while considering your finance conditions.

Traveling Tips For Senior Citizens

                                       Traveling Tips For Senior Citizens                              

Traveling is an exciting way to see the world in a different manner. Everyone loves to travel. They may belong to any age group. When senior citizens travel, they need to follow these below-given tips. It will help to give them a very good time and prevent them to have any sort of stress or issue.

  1. Wear Comfortable Clothes

In order to ensure a good and comfortable journey, you need to wear loose and comfortable clothes. Wearing comfortable clothes reduces the risk of high blood pressure, suffocation in high humidity places or formation of blood clots. The older we get, the fragile our body becomes. So always put your comfort first. And wear clothes that will make your traveling easier.

  1. Stay Hydrated

Long traveling can make a person dehydrated. And this dehydration can lead to other serious issues such as low blood sugar, low blood pressure, and fatigue. Always take a water bottle with you no matter how long or short the traveling is. And also avoid spicy food or coffee or any other food that dehydrates you quickly.

  1. Pack All Your Medication

Next most important thing is packing all your medication in your luggage. If you are suffering from a condition that needs quick medication such as heart disease or asthma, then keep the medication in your purse or pockets. It will allow you to easily access them when required.

  1. Arrive At The Airport Early

If you are traveling by airplane, always come early. It will prevent you from unnecessary tension and stress and you will not be worried about missing a flight. And schedule your flights whose terminals are close to each other. This way you will not need to rush from one corner of the airport to the other.

  1. Pack Lightly

It is very important for a senior to pack his/her luggage lightly. Take less clothing items. Arrange your luggage in an efficient way and if necessary, pack a small bag with it for the extra stuff. Other important things that need to be a part of your luggage is a magnifying glass to read the map, an extra pair of eyeglasses in case you lose the other one and first aid. These were some of the main things that you need to consider while traveling. And while traveling, if possible take someone with you. The person will help you if you get in trouble.

Pros and Cons of Medicare and Aetna Medicare Supplement

Pros and Cons of Medicare and Aetna Medicare Supplement

People tend to gain information about Medicare when the Annual Enrollment Period (that ranges from 15th October to 7th of December) comes close. If a person is a newbie to Medicare, then he has to make a lot of different decisions. However, for old heads evaluation can be made for healthcare plans and prescription drug coverage.

In this article, we are going to take look at the difference between Medicare and Medicare Supplement Plans in terms of their pros and cons. We can think of it as Medicare Supplement vs. Medicare, and your choice will depend upon your needs, and you can make changes if you want to during Annual Enrollment period as well.


Original Medicare coverage

The Original Medicare provides coverage for the following things:

  • Part A: Used for providing coverage for Hospitalization.
  • Part B: To pay fees for doctor visits and hospital equipment.
  • Part D: Provides coverage for prescription drugs and is a stand-alone plan.

Medicare Supplement Coverage

These are also known as Part C plans and are offered by private insurance companies. It consists of many plans such as Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO). These plans act as a package which consists of all major things such as Original health insurance Parts A and B and also Part D prescription drug coverage.

Original health insurance pros and cons:

  • One of the best things about Original health insurance is that it does not require its enrollees to only use the in-network doctors and hospitals.
  • The out-of-pocket costs are very high.
  • The usage of Medigap policy can reduce Out-of-pocket costs.
  • The federal government controls this policy.

Medicare Supplementpros and cons

  • Acts as a package which contains all of the major things (Parts A and B along with Part D prescription drug coverage)
  • You find some plans which contain as low as $0 premiums
  • Some plans also offer supplemental benefits such as routine vision, hearing, and dental check-ups and also some fitness programs like gym memberships.

Things you can do during Open Enrollment

  • Convert your Original health insurance into health insurance SupplementPlans.
  • Revert back to Original health insurance.
  • Moving from one plan to another, for example, switch from HMO plan to PPO plan.
  • Enroll in a health insurance prescription drug plan.
  • Fully removing prescription drug plan.

Excess Part B Charges


The Original Medicare covers the Part A and Part B. There can be cases where the doctors charge an excess amount to the customers over and above the Medicare-Approved rates. These charges are known as Part B excess charges. The doctors can levy a maximum excess of 15% over the Medicare-approved rates. Paying the excess charges can be a costly affair for the customers and they need to be clear on when and how these excess charges are levied. Some of the key details on Part B excess charges are as follows:


What is Part B Excess Charges

The Medicare prescribes the Medicare fee schedule which are the Medicare-approved charges for Medicare-covered services. A doctor who does not accept the assignment can charge an excess over the Medicare-approved charges. As per law, the doctors can charge a maximum of 15% over the Medicare-approved rates. The customers either pay these excess charges themselves or the Medicare Supplement plan pays the same depending upon the plan. Any customer can face three different possibilities while visiting a doctor which are as follows:

The Doctor Accepts Medicare Assignment

If the doctor accepts the Medicare Assignment, then they cannot charge any excess charges over the Medicare-approved rates for medical procedures.


The Doctor Accepts Medicare but not Medicare Assignment

If the doctor accepts Medicare but not the assignment, then they can charge the customers up to 15% excess of the Medicare-approved rates. The excess charge is then paid by the customer or by the Medicare Supplement plan if they have the Plan F or Plan G.

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The Doctor does not Accept Medicare

If the doctor does not accept Medicare also, then the customer has to pay the entire amount themselves. The doctor needs to demonstrate to the Medicare that the charges being levied are fair. The customer then needs to submit the bills to Medicare for any reimbursement.


Ways to Avoid Part B Excess Charges

The customers should be proactive for avoiding Part B excess charges. They should inquire and confirm from their doctors beforehand if they accept Medicare and Medicare Assignment or not. If their doctor accepts the Medicare Assignment then they do not have to pay any Part B excess charges. It is better for the customers to visit doctors accepting Medicare Assignment to save on any excess charges. There are few states which prohibit any excess charges. Thus if the customers are residents of Connecticut, Massachusetts, Minnesota, New York, Ohio, Pennsylvania, Rhode Island, and Vermont, then they do not have to pay any excess charges.

Pros and Cons of Medicare Supplement Plans


Medicare Supplement plans have been becoming increasingly popular in the United States. The sales for these plans have steadily increased over the years. The current article provides some of the major pros and cons of purchasing a Medigap plans. Some of the major pros of Medicare Supplement plans are as follows:


Standardized Plans

The Medicare Supplement plans are standardized which means it provide the same benefits to the customers irrespective of the carrier it has been purchased from. The customers get the same benefits in any location-nationwide coverage.


Guaranteed Issue Rights

The applicants get guaranteed-issue rights when they apply for the Medigap plans during the Open Enrollment Period (OEP). The OEP lasts for 6-months, starting from the first day of the month in which the applicant becomes 65 years of age or older and are enrolled in Medicare Part B. The insurance company cannot reject to sell the Medigap plan to applicant as long as they are paying the premium, even if they have pre-existing health conditions, provided the application has been made in the OEP.


Covers Out-of-Pocket Expenses

The Medicare Supplement plans cover the unmet expenses of the Original Medicare. They meet the expenses towards copayments, coinsurance, and deductible. This means the customers do not have to pay out-of-pocket.


No Restriction on Choosing Healthcare Service Providers

The Medigap plans do not put any restrictions on network healthcare service providers. This means that the customers can choose the doctor and the hospital they want to avail the healthcare services from.


Guaranteed Renewal

Once a customer purchases the Medigap plan, then he/she is guaranteed the renewal as long as they continue to pay their premiums.


Cons of Medicare Supplement Plans

Some of the major cons of a Medicare Supplement plan are as follows:

Not Guaranteed Policies

The Medicare Supplement plans are not guaranteed issue policies. If the applicant applies after the OEP or does not meet the guaranteed-issue rights, then they may not be sold the policy. The insurance companies can refuse to sell the policy to them on grounds of medical underwriting and pre-existing health conditions.


No Coverage for Prescription Drugs

The Medicare Supplement plans do not provide any coverage for prescription drugs. To avail the benefits of prescription drug coverage, the customers may have to look for other alternative privately sold Medicare health plans.



The Medigap plans are costly than the other privately sold Medicare health plans. The average monthly premium ranges from $150-$200, depending on the plan purchased.


Increase in Premium

The monthly premiums of the Medigap plans are likely to increase each year, which can cause difficulties to the customers.

An X-ray of Medicare Supplement Plan D

An X-ray of Medicare Supplement Plan D

You need to consider getting a Medicare supplement plan if you intend to sign up for Medicare. There are a good number of supplement plans available and this could make it quite difficult to settle for a choice, particularly when you have no knowledge of what you are looking for. You need to make sure that the supplement plan you settle for covers all the medical services you are expecting that are not covered under the original Medicare.  You can get help with this at

It is well known that Plan F is the most comprehensive Medicare supplement plan. This however, does not automatically mean that it is the best supplement plan for you. For some people, other plans such as Medicare supplement plan D are more suitable for their unique situation.

Some individuals have a probability to mix things up when it has to do with understanding the difference between the prescription drug benefit of Medicare, also known as Medicare part D, and Medicare supplement plan D. The two should not be confused as the former refers to Medicare’s offer on non-prescription drug medication while the latter is medical insurance. Moreover, Medicare supplement plan D is designed to eliminate or reduce the out-of-pocket expenses that go with parts A and B of the original Medicare program.


At this juncture, you may be asking, “how does Medicare supplement plan D differ from other Medigap plans?” Medicare supplement plan D could be considered as the midway-point of all the available plans. It makes up for many of the lacuna which exists in the original Medicare.

Should you choose to enroll for Medicare supplement plan D, some of the benefits that you will receive include the following:

  • coverage of part B coinsurance/copayments
  • coverage of Part A hospital costs
  • coinsurance for a period of 365 days after your Medicare benefits for the hospital costs have been exhausted
  • coverage for part A hospice care
  • coinsurance/copayments.

Other benefits which you stand to gain should you decide to choose this supplement plan include the following:

  • coinsurance for skilled nursing care,
  • deductibles for part A as well as
  • coverage for foreign travel emergencies.

However, unlike plan F which covers excess charges or Part B deductibles, this one does not cover for such. As such, the payment for these two will have to come out of your own pocket if you decide to settle for the Medicare supplement plan D.

Pricing is another distinction between other more comprehensive supplement plans such as F and G, and Medicare supplement plan D.

In general, you will have to pay less in terms of premiums when a plan has fewer benefits to offer. However, because every human being has individual uniqueness, you will have to make a comparison between Medicare supplement plan D and the other plans and make your decision based on whether the savings you stand to benefit are worth it.

In summation, one of the best plans available is the Medicare supplement plan D. It is suitable for individuals who are seeking to get fair coverage with affordable expenses out-of-pocket.

Average Cost of Medicare Supplemental Insurance

In real life, it is very difficult to provide a precise figure on the average cost of Medicare supplemental insurance. To begin with, there are lots of factors that can make the prices of Medicare supplemental insurance to vary from one state to the next and from one customer who sign up to another. Secondly, depending on the exact nature of the plan that you are securing, the prices will possibly change on an annual basis. For these reasons it is difficult to define the average cost of Medicare supplemental insurance, without first conducting a bit of research.

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However, when selecting the Medicare supplemental insurance that is good for you, it will be helpful for you to have adequate knowledge about the basics as these can help you in formulating the right decisions. In the same vein, understanding these basics can help you make sense of the average cost of the Medicare supplemental insurance advertised by many insurance providers.

As you may already know, there are several types of supplemental insurance plans on offer. Each of these plans differs in coverage, scope, extent, and co-payment conditions and therefore the price for each also differ considerably. As you would expect, more extensive plans are more expensive than basic supplemental insurance plans. An understanding of your exact needs and matching same to the offers will help you maximize the value of the plan that you select.

An understanding of the pricing methods adopted by the providers on your list will also help you understand the average cost of their Medical supplemental insurance.

Typically, there are three pricing methods that are being used: community rated, age-rated, and attained-age rated. Depending on the exact pricing method in use, the prices that you pay will increase. At the onset, some plans may seem cheaper, but over time they may cost you more. On the other hand, some plans may be expensive today but over time they may eventually cause you to spend much lesser amount on your supplemental medical insurance.

Some factors can help you determine whether or not you will get discounts on the plans that you have in mind. For instance, there are discounts for females, non-smokers, and married individuals. Some selected providers give a discount on automatic debit payments. If you take advantage of these discount offers, they can help you further cut down on your average cost of Medicare supplemental insurance.

As at 2012, available data showed that the average cost of Medical supplemental insurance for the most expensive plans can be as high as $400 each month while the most basic plans is about $130 to $210 each month.

The huge average cost of Medicare supplemental insurance is an indication that more effort needs to be made to select the best plan for you so that you can minimize cost without compromising on health expenses which is very vital in today’s world.

Medicare supplement insurance is also known as Medigap and it is regulated by the government.

Compare medicare supplement plans and then find the best one

When you are 65 years old or older you are really required to go for Medicare Plan which works as your medical insurance. Medicare plan consists of part A and part B. But Medicare is not supposed to cover 100% of your medical expenses. There are some expenses like co-pays, prescriptions drugs that are not covered by Medicare.

In this case, you can either pay for these things from your pocket or you can go for Medicare supplement plan. But there are different kinds of supplement plans available. This is why you need to compare medicare supplement plans in order to find the best option for you.

How to properly compare Medicare Supplement Plans?

Medicare supplement plan is available through Medicare approved different insurance organizations like the one at the following link: Hence, the benefits and costs associated with it may significantly vary. Moreover, there are supposed to be different supplement plan for different location. There are various things that you need to consider while comparing different supplement plan.

  • Does monthly premium of a specific plan represent good value? Some of the Medicare supplement plans are to have very low premium but nevertheless you have to keep paying the premium along with the coinsurance, deductibles and co-payments that your plan needs.


  • What is the initial coverage and out-of-the pocket limit? Each medicare Supplement plan is there to have the yearly maximum spending limit. When you hit this limit then the plan happens to cover 100% of the total medical costs for that year.

Medicare supplement Plans 2019

  • You are also supposed to determine as to whether or not a specific plan includes various additional benefits like routine vision or hearing, dental or the health wellness program.


  • Does a plan generally include the prescription drug coverage? This point is known to be very important and essential for all the right reasons. You also need to explore the coinsurance and copayment costs for drug associated with the plan.


  • Does a specific plan have some provider network? Moreover, you are also supposed to find whether or not current health-care providers or doctors are included in a plan.


  • It is also important for you to know the star rating of a plan. It is considered as an effective way to gauge a specific medicare plan’s performance. Every plan is basically given some rating between 1 to 5 stars, in which 1 is being the lowest quality scores as well as 5 is being the best quality score. You need to find plan with 5-star rating.