Search Results for: blog health care costs are expensive after retirement

Illinois Teachers Lose Retirement Insurance Benefits

Posted on by

It is now official. Illinois Governor Pat Quinn has signed legislation that takes away the free health insurance benefits that were promised to retired government employees, including teachers. The purpose of this legislation is to help balance the budget for the state of Illinois. There was a point in time when I was living in Illinois, and working as a substitute teacher. Back then, my hope was to find full-time employment as an Art teacher in one of the public schools in Illinois. That plan didn’t work out. The state was in the process of cutting away Art positions, and … Continue reading →

Insurance Blog Week in Review – May 6 -12, 2012

Posted on by

Once a week, the Insurance Blog Week in Review gives you a brief description about everything that hit the blog in the past seven days. There could be anywhere between twelve and fourteen different blogs appearing in that amount of time. What did you miss? Here is your chance to “ketchup”. Oregon has Insurance for Growers of Medical Marijuana It is similar to a crop insurance policy. This specialty type of insurance is to provide some protection for people who are growing marijuana that is going to be used for medical purposes. It provides some finances to help if the … Continue reading →

Health Care Costs are Expensive After Retirement

Posted on by

It is never too early to plan for your retirement. Most people are aware that health care costs are high, but, not everyone understands that a person’s health care expenses tend to increase after retirement. Health insurance can help with some of those costs. There are other things that can help as well. According to calculations done by Fidelity Investments, a 65-year-old couple who retires in 2012 is estimated to need around $240,000 to cover their medical expenses throughout their retirement. That is a lot of money! This total amount has increased by 4% since last year, and it has … Continue reading →