Money Management Q&A

Questions on money management are answered. You probably won't want to drop your disability policy altogether, but now would be a good time to consider whether you need all the disability coverage that you have. The chances of your needing some type of long-term care services, however, are sign...

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Bibliographic Details
Published in:Medical Economics 2011-05, Vol.88 (10), p.76
Main Author: Rhea, Andrew
Format: Article
Language:English
Subjects:
Alternative minimum tax
Alzheimer's disease
Cost control
Disability insurance
Family physicians
Health economics
Insurance coverage
Insurance premiums
Long term care insurance
Long term health care
Moving & housing expenses
Retirement planning
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Summary:Questions on money management are answered. You probably won't want to drop your disability policy altogether, but now would be a good time to consider whether you need all the disability coverage that you have. The chances of your needing some type of long-term care services, however, are significant. A long-term care insurance policy transfers from you to the insurance company the risk of having to use your retirement savings for care, or worse, depending on children or family members. The bottom line is that as you start looking toward retirement, you need to consider the best use of your insurance premium dollars. Understanding what benefits are available will help put you in a better position for retirement and meeting the ever-rising costs of healthcare.
ISSN:0025-7206
2150-7155