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Five Tips For Boomers Transitioning To Medicare

More 65-year-old Americans are electing to stay in the workforce, and if they’re fortunate to have benefits that accompany full-time employment, then full dependence on Medicare can be postponed.

Most workers, however, are not so lucky when it comes to employer-provided health care. When an employee hits 65-years-old, the customary retirement age, then companies prefer health insurance benefits to be paid by Medicare.

Anyone still working through their ‘60s, needs to be fully aware of details about group health insurance coverage and Medicare plans. Often, it’s a gray area; there isn’t a benefits department in a workplace to assist 64-year-olds with insurance choices or which path to take and when.

To help people navigate the many choices Medicare insurance requires, which often become complex and confusing, here are some tips to consider: Read the rest of this entry »

Why Boomers Should Use EasyMedicareChoices.com

There’s a new consumer website called EasyMedicareChoices.com, and it’s for:

  • Seniors approaching 65-years-old
  • Those beyond that age
  • Caregivers of elderly who need help with their Medicare insurance

The site was designed and developed by Retiree Health Choices, a Chicago technology company interested in helping retirees make more informed decisions about their health care. Read the rest of this entry »

Retirement Is Not The End Of The World

Retirement for many is not what it’s cracked up to be. After awhile experiencing the golden years becomes more a chore than a relaxation. Many retirees are seeking jobs to get back into the workplace.

At the University of Illinois at Urbana-Champaign, a new retiree rehire policy recently took effect. The human resources department has many new rules and regulations about how to rehire a former University of Illinois employee out of retirement.

If you’re a former university employee seeking “retirement” after retirement, ensure you understand entitlement to annuity as stated in the Illinois Public Act 097-0968 oriented to laws governing annuity for retirees in Illinois. Read the rest of this entry »

Health Care Cost Contributes To Retirement Location

In many national magazines of late, there are special retirement features showcasing everything from places to live, the best this and the best that.

In Money magazine’s 2013 Retirement Guide, it details the top 20 places to live when retired.

The locations were selected via survey response from people 55+ interested in finding a great location to live it up after working for four decades. Imagine all the factors that contribute to making a choice of where to live when considering retirement! Read the rest of this entry »