If you’re planning to retire in 2019, here’s how to make sure you’re prepared

Once you reach age 65, you’re eligible for Medicare. So if you retire at or past that age, the government program generally is there for you. However, it doesn’t cover everything; for example, dental, vision and long-term care (e.g., help with daily living, such as bathing and dressing) are not included.

The amount you pay for Medicare depends on a number of factors, including your income (higher earners pay more), whether you pay any late-enrollment fees (if you didn’t sign up when you were first eligible and don’t meet an exclusion) and whether you opt for additional coverage and to what degree.

However, if you’re younger than 65, you’ll need to find coverage on your own.

“A lot of people forget that, don’t factor it in or find out they way underestimated the cost,” Rogers said. “If you’re 65, so you can get on Medicare, retiring is much more doable.”

Source link

Products You May Like

Articles You May Like

Hyundai aiming for entry level and used car buyers with new SUV
Baby T-Rex fossil listed on eBay for $3 million sparks outrage
Morgan Stanley earnings Q1 2019 beat expectations
Netflix, IBM, Qualcomm and more
Earnings are coming in, and higher costs are weighing on profit margins

Leave a Reply

Your email address will not be published. Required fields are marked *