With healthcare expenses increasing at an accelerated rate, it is more important than ever to have a plan in place to fight these rising costs.
Medicare is broken into 4 parts, covering different types of medical expenses. Although, Part B premiums are what people are used to paying. Be careful to always check where you are in the Medicare Premiums bracket. You never know, an extra dollar in income can mean hundreds of extra dollars spent per year.
Long-term care is an often overlooked but critical piece of your overall medical planning, especially later in life when your health is on the decline and nursing home stays become necessary. Make sure to review your financial plan to see how much in long-term care insurance is best for your situation.