Know Your Health Numbers



Here is a helpful form that can be used to keep track or your health history.

Remember if you ever need assistance with your Medicare or Health Insurance

please feel free to call us at 909-792-3300.

Health, Meet Wealth

65 Years YoungLife expectancy is on the rise. Today, a 65-year-old man may expect to live to 84, and a 65-year-old woman to 86. One in every four 65-year-olds could live past 90. (Source: Social Security Administration, 2012)

Twenty-plus years of retirement may sound great, but it may also bring worries about finances.

As of 2010, 44% of households headed by 50- to 59-year-olds could be short of the retirement income needed to maintain their standard of living—even after working to age 65 and tapping into reverse home mortgages. The same is true for 55% of households headed by 40- to 49-year-olds and 62% of households headed by 30- to 39-year-olds. (Source: National Retirement Risk Index, 2012)

Out-of-pocket health care costs, in particular, may come as a surprise in retirement. The 2013 Medicare Made Clear Index showed that 35% of current Medicare beneficiaries surveyed found out-of-pocket Medicare costs to be more than they expected to.

If you are already retired, it’s important to have a solid financial plan that makes the most of your savings and other assets. You may want to work with a financial planner or another resource to help you manage your accounts.

If you are still working, you can take steps now that may help set you up for a financially successful retirement. Here are some ideas.

Open a Health Savings Account (HSA), if available. These pre-tax dollars may be used to cover qualified health care expenses. Unused amounts remain in your account and may be used to pay health care expenses in retirement.

Make retirement savings a priority. Make catch-up IRA and other investments if you qualify and can afford it. You may want to consult a financial advisor to help you create a savings plan that includes all your assets. Also, ask about long-term care insurance.

Consider working longer. Every year that you continue working is a year you may be able to add to, rather than spend, your savings. In addition, your Social Security payments increase the longer you wait to start drawing them. You receive the maximum monthly amount when you wait to age 70.

Explore private health insurance options, if applicable. You may need to buy coverage if you decide to retire before you’re eligible for Medicare at age 65. You may be eligible for COBRA or you may buy insurance through your state or the federal exchange. You should understand the costs of these options.

Learn about Medicare. You have choices to make when you enroll in Medicare, and you will likely have out-of-pocket costs. For many, this is the first experience buying health care insurance. Become a savvy shopper and be prepared.

–This information was provided by Medicare Made Clear –  George Litchfield Insurance can serve all of your insurance needs. Whether it be Medicare Supplements, Health or Life Insurance. Call us today at (909)792-3300

Beyond Life Alert: Gadgets for Health and Safety at Home

safetyMost people know about personal emergency response systems (PERS), like Life Alert. Once a PERS is set up, generally all you have to do is push a “call” button to alert medical and other first responders if you need help at home. These systems may offer peace of mind for older adults or people with disabilities, their families and their caregivers.

Home safety and health monitoring technology is advancing well beyond PERS. This is good news since most people want to live at home in their later years. The majority of American adults worry as much about losing independence as they do about losing memory as they get older, according to a 2013 AP-NORC Center survey.

Monitoring packages are already available that place motion sensors in the home to alert a family member if there is too little activity, for example. “Smart” pill bottles can remind you to take your medication. And other gadgets can wirelessly send information like blood pressure, blood glucose or temperature readings to care providers.

In the future, it may be possible to detect changes in activity, pulse rate or breathing patterns that could predict problems before they happen. But before we go too far into the Twilight Zone, it’s good to know that there are some real down-to-earth home solutions that you might find useful right now. These include, for example:

  • Fall prevention technologies, such as bed and chair alarms
  • Unattended stove shut-off systems
  • Systems to detect persons entering or leaving the home
  • Personal GPS devices for wander management

Talk to your doctor or other health care provider about any assistance you need to feel safe and comfortable at home. Medicare generally does not pay for home monitoring except when it’s provided under covered home health care services. But it may be worth investing in a little peace of mind.

–This information was provided by Medicare Made Clear –  George Litchfield Insurance can serve all of your insurance needs. Whether it be Medicare Supplements, Health or Life Insurance. Call us today at (909)792-3300