Senior Housing Needs and Options
If you are looking ahead to your Senior Housing needs and options, there are several important factors to consider such as your finances (how much you can afford to pay out of pocket), your health condition (do you need help with activities of daily living, and if so, do you have long Term Care insurance to help pay the cost), and your preferred location.
You might find the following 2 links to be helpful in plotting your course:US Department of Housing and Urban Development information for Senior Citizens http://portal.hud.gov/
Intel Retiree Organization’s recommendation is to do the research, and get some sound advice in order to avoid some serious pitfalls such as described in the following article http://www.mercurynews.com/
Health Care Costs in Retirement
An American hoping to retire soon can look forward to spending more than a quarter of a million dollars on health care over the rest of his life. People who are young now will probably spend a lot more than that.
Health Insurance Terms…Getting Ready for Open Enrollment (9/27/16)
When you are making health insurance decisions during the upcoming open enrollment, there are some terms you need to understand in order to compare plans. As an Intel employee you probably didn’t have to think much about deductibles, co-pays, maximum out-of-pocket, etc. If you were like me you just paid what was owed to the medical provider and didn’t think too much about it. Now that you are retired you do need to think about these factors in order to make the most financially proper decision about which plan to select for your coverage. It doesn’t matter whether you are on Medicare, IRMP, or buy your Health Insurance in the open market, these terms apply to all plans. Go to this link on Healthcare.gov (the federal healthcare exchange web site) to read more https://www.healthcare.gov/ choose-a-plan/your-total- costs/ . The general reality for all plans is the higher the monthly premium, the lower the out-of-pocket costs will be.
– Long-Term Care Health Insurance
(5/3/2013) Here are the most current Q&As on long-term care from Intel.
(5/3/2013) Relevant articles:
Preparing for Long-Term Care: Besides the information on our website, a recent article in the New York Times describes the expense and emotion of preparing for long term care.
Ailing Long-Term Care Insurers Share their Pain: Suffering long-term care insurance providers are finding new ways to share their pain with customers. A recent article describes how to cope
– Prescription Benefits
For retirees using IRMP with prescription benefits (Cigna and Anthem Blue Cross Plans):
Prescription benefits are now administered by Express Scripts. Find out more at this link.