Social Security Uncertainty Bolsters Use Case for HSAs, Proponents Say
Because of rising health care costs and the predicted insolvency of Social Security, experts tout HSAs as a powerful tool to save up...
Tag: health care costs in retirement
Best Practices for Providers to Boost HSA Invested Assets
While health savings account assets have reached near $100 billion, account holders’ invested assets have increased slowly.
Deciphering Medicare Costs in Retirement
New research examines differences in spending between the two most popular Medicare plans.
Mapping Uncertain Heath Care Costs in Retirement
New research suggests that, while insurance can help with some of the costs of health care, out-of-pocket expenses will continue...
Strategies for Reining In Health Care Costs in Early Retirement
Health savings accounts and direct primary care can help keep medical bills from spiraling out of control.
WealthConductor Announces Launch of Health+
The application uses HealthView Services data to allow advisers to help their clients make more comprehensive income plans.
Short-Term Inflation Will Dramatically Increase Retirement Health Care Costs
The average 55-year-old couple can expect to pay an additional $160,712 for health care in retirement because of inflation, according...
Including Long-Term Care Planning in Retirement Planning
Advisers can help clients create a more holistic plan for retirement by becoming familiar with and including strategies to pay for long-term care.
Servicing Strategies
Never Too Late
Strategies to help clients who are behind on saving ‘retrieve’ lost time.
Schwab Offers Integrated Solution for Advisers to Manage HSAs
The firm has teamed up with health care financial services providers Optum Bank and Discovery Benefits.
The Way to Help Individuals Plan for Retirement Health Costs
Start by presenting health care expenses rationally, as a combination of predictable monthly expenses (insurance premiums) that can be budgeted for, and less predictable expenses (out-of-pocket) that can...
Seniors Worried Health Care Costs Will Outpace Retirement Savings
Women are even more concerned than men.
A Couple May Need $363,000 to Cover Health Care Expenses in Retirement
Medicare covers only 64% of the cost of health care for those 65 and older, according to EBRI.
Couple Retiring This Year Will Spend $285,000 on Health Costs
While Fidelity’s estimate is for a couple retiring in 2019, the firm says it’s also a call-to-action to younger generations.
End-of-Life Planning Outstrips Retirement Care Planning Among Baby Boomers
Two-thirds of middle-income Boomers know someone who has required retirement caregiving, either in their home or in a nursing home, yet few Boomers are taking action to plan...
Health Is a Top Priority for Americans in Retirement
Forty-four percent say that focusing on health and wellness is a primary concern, according to a survey by TD Ameritrade.
Americans Worry About Running Out of Money in Retirement
CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.
Education and Better Investments Needed to Propel HSAs to Retirement Savings Vehicles
The frequency of withdrawals prevents HSA account holders from building a meaningful balance to use for health care expenses in retirement, and individuals are unlikely to allocate their...
Data Points
Resolved: Promote Financial Ed
Educating on saving and budgeting next year could fulfill an employee desire
Consumers Underestimate Health Care Costs in Retirement
And, only 29% plan to use a health savings account (HSA) to cover medical costs in retirement, HSA Bank found.