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The Pros and Cons of Health Savings Accounts (HSAs)

WEBSubscribe. As its name suggests, a health savings account (HSA) is a type of savings account you can use to pay for qualified out-of-pocket healthcare expenses …

Actived: 9 days ago

URL: https://www.visionretirement.com/articles/an-introduction-to-health-savings-accounts-hsas

How to Transition from Private Health Insurance to Medicare

WEBAll other eligible folks enjoy an initial seven-month window to enroll in Medicare, with this enrollment period beginning three months before age 65 and ending …

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Medicare 101: The Basics — Vision Retirement

WEBMedicare, the national health insurance program for U.S. citizens and permanent legal residents, is the most common insurance option for seniors. While …

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What You Need to Know About Medicare Part B — Vision …

WEBVision Retirement is an independent registered advisor (RIA) firm headquartered in Ridgewood, New Jersey. Launched in 2006 to better help people …

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Key Details To Know About Medicare Advantage Plans

WEBPremiums typically range anywhere from $0 to $95 a month, and the average premium is about $21 a month across all Medicare Advantage plans. However, because …

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How to Plan for Rising Healthcare Expenses During Retirement

WEBSubscribe. According to a recent Fidelity report, the average couple would need to spend almost $315,000 in today’s dollars to cover medical expenses during …

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What is Medicare Advantage and How Does it Work

WEBMedicare Advantage plans are “bundled” or “all-in-one” plans that provide an alternative to Original Medicare (Parts A and B) and often include Medicare Part D …

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Biggest Expenses for Retirees—And How to Minimize Them! (2023 …

WEBRetiree households spend an average of $6,490 ($541 monthly) on food, compared to $8,289 annually ($691 monthly) for the average U.S. household. These …

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5 Biggest Expenses for Retirees & How to Minimize Them

WEBHousing. Housing—which includes mortgage, rent, property tax, insurance, maintenance and repair costs—is the largest expense for retirees. More specifically, the …

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What You Need to Know About Medigap Plans — Vision Retirement

WEBAccording to the Medicare website, a non-smoking 65-year-old male in Bergen County, New Jersey will pay anywhere in the monthly range of $143 to $454 for …

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What You Need to Know About Long-Term Care — Vision …

WEBThe U.S. Department of Health and Human Services data reflects that someone with a 65th birthday today has an almost 70% chance of needing some form of …

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Should I Take a Lump-Sum Pension Offer

WEBTo illustrate, let’s assume you must choose between a monthly pension of $1,000 (beginning at age 65) or a lump-sum offer of $160,000. If you annualize the …

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Six Types of Insurance Everyone Needs — Vision Retirement

WEBFinally, due to the SECURE 2.0 Act, employees will have the ability to withdraw up to $2,500 from their company’s retirement plan to pay for long-term care …

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Want to Self-Fund Your Long-Term Care

WEBLong-term care (LTC) is defined as help you may need with “activities of daily living” (or ADLs) due to injury, health, or cognitive impairment resulting from …

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FAFSA’s Getting an Overhaul: Here’s What to Expect

WEBIncarcerated students will once again be eligible for Pell Grants. Changes will also be SIA-based. For example, students with an SAI of $0 or less will be eligible …

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How to Choose Your Pension Payout Options — Vision Retirement

WEBThe most common options allow you to select either 50, 75, or 100 percent of your benefit payment for the survivor. The larger the survivor’s benefits, the smaller …

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