Planning for the worst is challenging. Most of us would rather put off having conversations about what to do if we are incapacitated or how we wish to be cared for at the end of our lives. Preparing for these scenarios is so difficult one study estimates only one in three Americans ever completes an advance directive. But formulating...
Continue ReadingOne aspect of growing older and moving through retirement is determining how you will pay for healthcare. While you are working, you likely have health insurance from your employer. Once you reach 65 and retire, you may apply for Medicare and Medicaid. These government-run programs can help you afford healthcare as you age. The services covered by these two...
Continue ReadingAs of September 2021, 3,703,618 New Yorkers were enrolled in Medicare, and 7,213,006 had Medicaid. While you’ve probably heard of both Medicare and Medicaid, they are two different programs that help you pay for healthcare. Each program provides different benefits and has different costs. Your attorney can help explain the advantages and disadvantages of each program based on your...
Continue ReadingIf you want to afford doctor’s visits and hospital care as you get older, you should know about enrolling in a Medicare health plan. While the tax penalties for failing to have health insurance ended in 2019, it’s still important to have coverage to protect your savings, home, and other assets. One study found that a person who did...
Continue ReadingNovel coronavirus not only requires an expensive test to diagnose but could require extensive treatment – depending on how severe the illness is for you or a loved one. One question that might come up as we all recover from the pandemic is how it will impact insurance. Are you covered? Will you have to pay a deductible? How...
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