Try as much as possible to avoid bad debts when you are about to retire

Try as much as possible to avoid bad debts when you are about to retire

For some of the seniors, the enthusiasm that they are about to retire makes them want to borrow more. Such borrowing may also temp you to waste the finances they have borrowed basically because you think that you will pay when you retire. That will only be building castles in the air because you debts might be more than the amount you will receive as your retirement benefits. Sometimes, seniors may become spendthrift before they retire and all they will do as soon as they retire will be paying off the debts they accrued during that time when they were still employed.

Tips of avoiding financial debts

Debts are inevitable but it is possible to avoid them with all cost. Avoiding debts can be done by simply living within your means. Living within your means is basically living with what you get as your salary or income from business before you retire. In order to live within your means add in the cost of Short Term Health Insurance 2020 from  it is very important to make sure that you cut down an expensive lifestyle that will ask you for more and more financial resources. Living within your means is basically one way of avoiding debts or extra borrowing.

Secondly, seniors need to make sure that they consider living with a few beneficiaries. You will agree with me that the more beneficiaries we have, the more expenses we accrue per month. This is because beneficiaries such as grandchildren will always be looking up to you are their sole breadwinner. I am not saying that you should chase them away but their parents should contribute towards their upkeep and not entirely on your retirement finances.

Thirdly, seniors should avoid behaviors which will run one into huge debts. There are those personal behaviors that might send you into huge debts. It is very important to make sure that you avoid behaviors such as excessive drinking. Excessive drinking may force you to spend more money and you will end up draining your money into beer pots. Gambling is also another behavior which seniors should strive to avoid. Gambling is a habit forming behavior that will make you borrow more and more. Excessive borrowing to satisfy your gambling needs means that you will have to pay such debts by simply paying off using your retirement finances. That is something that should be considered at all time.

Ways Seniors Can Support Their Mental Health

Ways Seniors Can Support Their Mental Health

Just like your physical health, your mental health too becomes vulnerable to illnesses as you age. There are so many things that expose you to mental illness once you are 65 years and above. Lack of good mental health is dangerous to you as it can lead to depression, Alzheimer’s disease, anxiety, and other neurological conditions. Knowing what to do to support your mental health can help you keep mental illnesses at bay and you will age with great mental health. Let’s take a look at what people over 65 can do to support their mental health.

  1. Let out that which is bothering you

Let’s face it! You are human, and you are liable to do countless mistakes, of which some of them can be very serious. We all make mistakes and it is in the nature of humans. Having been around for more than 60 decades, you must have committed some mistakes that may be bothering you now. You may have also gone through hurtful experiences that are now bothering you. If you allow these things to bother you, you are simply putting your mental health on the line. Whatever it is that you did, and that is bothering you and is somehow haunting you, you have to let it all out. You can let it out by writing it down on paper.

  1. Practice forgiveness

You have been around for more than 65 years so get 2020 Medicare Supplement Plans and head to In fact, many people will still wrong you as long as you live. Holding grudges is dangerous to your mental health as it negatively affects your mood, and with time, it will definitely affect your mental health negatively. If you want to support your mental health, start practicing forgiveness today. Many studies show that seniors who forgive people who hurt them live happily, are more satisfied with themselves, and have improved mental health.

  1. Choose socialization

Based on statistics, many senior citizens experience loneliness most of the time. Loneliness is not good for your mental health. If you allow yourself to feel lonely, it will impact your mental health negatively with time. It can eventually lead to anxiety, depression, and other serious mental illnesses. Isolation is normally the main cause of the feeling of loneliness in senior citizens across the world. So, socialization is the best way to avoid loneliness and support your mental health. Start socializing with people, share your problems, have coffee together, and engage is social activities.

  1. Smile

Smiling helps in calming people down. Whenever you are faced with a tough situation, take a deep breath and smile. It will help lower your heart rate, calm you down, and prevent the production of cortisol, which is the stress hormone. If you develop a habit of smiling most of the time, your mental health will stay intact as you grow older.

Your retirement should be a time of personal growth and not personal deterioration

Your retirement should be a time of personal growth and not personal deterioration

While in labor market or professional field, you will hear employers, mentors and employees talk of personal growth. Personal growth is something is very much associated with employment. Before you retire, your employer would want you to grow as a person and become an exceptional employee in the company. Personal growth during employment era is aimed at working towards achieving company’s goals and targets. However, this changes as soon as you are granted retirement at the age of 65, personal growth means something else completely.

Personal growth during retirement

Personal growth during retirement mean growing as a senior without anyone to coax you to grow. Personal growth during your retirement is characterized by having a lot of freedom to grow at your own phase. Your growth during retirement means growing on your own. However personal growth normally takes a step by step process. Below are steps of designing your own personal growth path after your retirement at the age of 65.

Set attainable goals

Attainable goals are those goals which if invested in will produce the desired outcomes. It is therefore very important to set goals which will be attained in short run. Sometimes, we may set overambitious goals only to find that it is very hard for us to achieve them. Personal growth starts with setting attainable goals.

Accumulate the necessary resources

No growth can be achieved without the presence of necessary resources. One of the most important resource during your retirement is time. After you have retired, you have a plenty of time on your side basically because there are no routines and schedules to follow. With that idea in mind, your personal growth starts with investing properly on your time. Seniors are lucky basically because they have time on their side which could help them achieve personal growth they needed so much. Other resources crucial for your persona growth include family members, friends and your retirement finances.

Retirement is the beginning of personal freedom

Your employment could be that factor which has all along been barring you from attaining some of the personal growth and success you have been waiting for all your employment period. As soon as you retire, you need to take your retirement as the first step towards your financial freedom. With that, your retirement will be an experience which will make you happy that ever before.

Consider Moving to a rural are from a City as soon as you retire

Consider Moving to a rural are from a City as soon as you retire

I would like to pose a question before we start talking about anything. Why do people consider moving from a big city to a rural are? If I will give you an opportunity, you will give me a lot of answers of which all of them are actually correct. There are a number of reason why people move from a city to rural area as soon as they retire. Some will even relocate before they even lay hands on their pension money. In this article, I would gladly like to share a bit reason why retired seniors at the age of 65 move from a city to a rural or a suburb area. Moving from a city does not mean you are out of money but it means a lot.

A rural setting is peaceful as compared to a city

Medicare supplement quotes 2020For seniors the best thing that someone can give you is a peace of mind. When we grow old, we tend to avoid places where there are full of hustle and bustle because they are full of stress. Living and working or even running in a city where there are a lot of people could end your day in a terrible headache. Yes, you will actually prove me right with that. With that if you a senior who has just retired at the age of 65, why do you need to continue staying in a city where there are all these stressors. It is better to move to a rural setting where peace prevails.

The cost of living is comparatively lower in rural area that in a big city

Moving from a city where you used to work does not mean that you are out of money but it basically means two things. One, it means than now that you will no longer receive money from your employer, it is important to move and make sure that you spend less and save more even before your pension money is released. People may jeer and talk when you move. Friends may think that you are running away but it is the best decision. Moving to a rural home means finding a place where you can call home and a rural setting is where most of us came from.

There is enough space in a rural setting

For some of the seniors, farming and even planting vegetables around the house is their passion and with that, they may need a space. That space can be achieved by simply relocating.  Head to for 2020 quotes for medicare supplements.

Medicare supplement plans basics, get to know details

Medicare is a confusing and complex subject.  In case you are going to be 65 or have crossed 65 years, you must be aware from the brochures and TV ads about the Medicare supplement plans and how this supplement program offers cover to the Original Medicare. You must know the ways to get enrolled. Medicare supplement plans, in the United States refer to an insurance program that is since 1966. It is administered by the United States. It assures the access for Americans at the age of 65 and older to health insurance. It includes people who have paid for this health care system when they were working and if younger people are enrolled in this Medigap system, it is due to their disabilities. Basically, the Mutual of Omaha Medicare Supplement Plan G is to cover most of your essential medical costs. It is known as Parts A and B of Original Medicare. There are C and D of Medicare as well.

Medicare Eligibility

Medicare supplement plans are a health insurance program offered by the Federal to the U.S. legal residents and citizens. Adding to this it is expected, you must be:

  • 65 years or older
  • Younger than 65 with disability qualifying
  • No age limit if you have End stage renal disease also known as ESRD. These refer to kidney transplant or dialysis.

Medicare Enrollment

  • (IEP) Initial Enrollment Period. During this period you become eligible to get enrolled in Medicare. IEP is your personal timing based on your 65th birthday month. You are allowed sign up for 7- month period starting from 3 months before and following the 65th birthday month. You are also considered eligible if there is disability, and if so the timing is your disability date.
  • (AEP) Annual Enrollment Period.This period is to sign for Part C and D between 15th October and 7th In this period, you can drop or switch a Part D plan if you wish. The will be effective only on January 1st.
  • (GEP)General Enrollment Period. This is for people who did not enroll with IEP, but have to pay late enrolment as higher premium. It will start from 1st July as coverage.
  • (SEP) Special Enrollment Period. Signing for Part A and B if you have missed as you had some group health plan; you can now sign anytime and get it covered from the time the group health coverage or your employment ends.

Medicare & Assisted Living

Studies show that almost 70 percent of elderly who are 65 and above will require some sort of long-term health care, no matter if it is an assisted living care or a nursing care. Assisted living care allows senior citizens to retain some amount of independence since it offers what we call a custodial care, which assists them with things like dressing & bathing.  On the other hand, nursing homes can be more appropriate for seniors facing medical disorders or who require constant monitoring. Even though Medicare offers important health benefits to seniors who’re retired, it does not cover services like dental, vision and other long-term care that come under assisted living. Majority of the assisted living centers offer services that typically doesn’t fall under custodial care. Meaning your Medicare policy won’t pay for it since it doesn’t fall under medical care category traditionally.

On contrary, Medicare pays for skilled nursing care or home health care if a person needs specialized care after a major injury or surgery. The major difference here is that in such a scenario, you would require more than simply custodial care so as to recover properly. Also, once you opt for skilled nursing care, Medicare is likely to restrict the total days you receive coverage for. If you buy a suitable coverage when you are younger, it might allow you to minimize assisted living costs when you finally require it. Also, the sooner you proceed with your application, the better your odds are to not only get eligible for the coverage but also receive a health-based concession.

As per the research, over 50 percent applicants of long-term care coverage in their fifties are able to qualify for health-based concessions. The above percentage reduces to 42 percent, however, for those applying in their sixties, & further reduces to 24 percent for seniors applying in their 70s.  If you are truly serious about making sure that your insurance costs for long-term care stay at manageable levels, then it might be worth to consider it prior to your health starts declining.  To conclude, it is highly unlikely that neither Medicare nor Medicare Supplement Plans will be able to cover your cost of assisted living in the near future. So, it is wise to take the matter in your own hands before it’s too late.

How to Choosing Your Medicare Supplemental Plan

Medicare Supplement plans help pay Medicare Part A and Part B costs. Original Medicare, the health coverage you can get when you turn 65 or have a qualifying disability, consists of Medicare Part A and Part B. Part A provides hospital insurance, and Part B (medical insurance) covers doctor visits; preventive services like certain screenings and vaccinations; durable medical equipment; and other services and items. But Part A can come with substantial annual deductible and copayments or coinsurance for certain inpatient services. Medicare Part B also has copayments, coinsurance, a monthly premium, and an annual deductible. Medicare Supplement  (also known as Medigap and MedSupp) insurance can help downsize your Original Medicare cost burden.

Merits of Medicare supplemental plans include:- large medical bill protection, coverage outside the US, guaranteed acceptance even if you have a health condition without extra charges, guaranteed renewable policies and support even in portability amongst others. A Medicare Supplement plan is generally offered through private insurance companies. These Medigap plans help pay some of the hospital and medical costs that Original Medicare doesn’t cover, such as copayments, coinsurance, and yearly deductibles. A person need to be already enrolled in Original medicare to be eligible for medigap coverage and hence they are not meant to provide stand-alone benefits.

Every Medigap policy must follow federal and state laws designed to protect you, and it must be clearly identified as “Medicare Supplement Insurance.” Insurance companies can sell you only a “standardized” policy identified in most states by letters. Each insurance company decides which Medigap policies it wants to sell, although state laws might affect which ones they offer. Also, Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can’t cancel your Medigap policy as long as you pay the premium.  Find out more about Medigap

Medigap policies generally don’t cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing. A Medigap policy only covers one person. If you and your spouse both want Medigap coverage, you’ll each have to buy separate policies. A lot of Americans have come to embrace this bWe are aware that the government has standardized the policy which is why everyone can make use of it without worries. Everyone who wants to get a plan should first think along the plan premiums before making a choice. With the help of a doctor, you can still make your choice within a short time if you do not have enough information on the coverage to use.

The health and importance of your care

If your health fails, you can outshine everything else that is happening in your life. From relatively minor health problems, such as aches and pains, lethargy and indigestion to the main health problems that can threaten their existence, health can really affect happiness and stress levels. When you decide to lead a healthier life brings a multitude of benefits to your body that will thank you and one will be the spirits and energy.

Instead of eating well just for the promise of looking better in your jeans, you must also commit to eating foods that increase your energy level and keep your system running smoothly. This can affect your health so much, you will see the payment sooner or later for not taking care of it, as in your day to day; you will feel fatigued, stressed, without mood or in a bad mood. Therefore, be careful what you eat is vital for harmony in your body.

With regard to health care, it is essential that they keep the sedentary life away and move daily, either with moderate efforts of low intensity or moderate walks; these will greatly favor the function of the respiratory organs and the blood flow through the heart to prevent heart disease. Many types of health care interventions are carried out outside the health centers, for example, we also have surveillance and awareness programs for better nutrition, intervention of interest to public health, distribution and education about health and health; as programs where needle exchange is carried out to prevent communicable diseases.

We have all heard the advice of “eating well and exercising,” but it can be difficult to fit into workouts on a tight schedule, especially when you feel exhausted by stress. The best way to adopt all this is to make it habit, such as exercise and good nutrition, adapting it to how you feel more comfortable.

Role of Medigap in Healthcare:

Aetna Medicare supplement play important roles in Healthcare as they provide such cost effective policies that makes several health services easy to get.  For those who don’t know, Medicare plans are actually health insurances that an individual purchase from any privately owned business to pay the medical or health care costs that are not paid by the Original Medicare, for example, deductibles, co-installments and medical care while a person is outside the U.S. There are a lot of different plans some covers the long haul care, vision care, dental care, eyeglasses, hearing aids or private nursing duties while some don’t cover all these things. Same goes with the prescriptions drugs. An individual has to pay a premium each month for the policy / plan. These plans are one of the best ways for the senior health care.

Top Five places for retirees

Living a carefree and a relaxed life is what we all want to do after retirement. We want to be away from the hustling and tiring life and enjoy our free time somewhere quiet and peaceful. The top places around the world where people can live a better life after retirement are countless, these are places where a person can invest soundly, retire comfortably and follow their dreams after retirement.

Abruzzo, Italy

Abruzzo is a picture-perfect place to retire with moderate weather in southern Italy. This beautiful and lush green place has a lot to offer at very low cost. It’s a quiet and a peaceful place to live. Abruzzo has extremely fresh and locally produced ingredients for cooking all available within a few miles. Above all, food in Abruzzo is super affordable whether you eat at home or dine out both ways are incredibly cheap.

Portugal’s Algarve region

Algarve region is one of the best places to retire in the world. It’s located at Europe’s westernmost tip. Algarve region has the best beaches and golf courses of Europe, people are very friendly and this place has a low cost of living which is 30% lower than in any other European country. Fishing and other activities are highly popular here and it has the best weather for all sorts of activities.

Valletta, Malta

The second-best place to retire can be Valletta, Malta. If you want to experience the perfect Mediterranean life-style than it is a great choice for you. It is considered a perfect place for investment and retirement. It is a small place but good opportunities for investment, cost is living is quite inexpensive as compared to other European countries. Wine production is very popular here, there are beautiful vines hanging with grapes everywhere. Malta has a favorable weather and food to offer with cheap places to live which makes it an ideal place to retire and live peacefully.

Mazatlán, Mexico

Mazatlán is located about halfway along Mexico’s Pacific coast. It has been ignored and underestimated for many years but now it is making a comeback as more people are choosing to travel and live here. It is a popular choice for many expats. The city’s historic centre is the main attraction along with the beautiful and uncrowded beaches.

Saint-Chinian, France

This beautiful little town of about 2,000 residents is located on the shores of Mediterranean. It should be your top choice if you are looking for perfect weather, sapphire skies, outdoor experiences, fresh foods along with history, culture and amazing country side.

Saint- Chinian is a small, little town with good quality food and a lot to see in terms of art, history, and culture. It has some busy market areas famous among people visiting from all around the region to get locally grown produce. This place has everything you ask for such as local produce sellers, restaurants, bars, hospitals. There is very little traffic and great health-care services here but if you are moving from U.S than you should have a medical insurance that covers you in foreign countries as well. Look up Medicare Advantage Plans for 2019 and choose the policy which covers you abroad as well.

After retirement, wherever you want to live depends on your personal choices and preferences. Most people want to live in a peaceful and beautiful small town that has everything to offer at low prices. These suggestions will help those people to choose a place to retire and relax after leaving working life.

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How to Find The Right Price For Your Medicare Supplement Plan

Do you know what the cost of Medicare Supplement Plan? Many people are at lost on how to calculate the cost of this healthcare insurance. The reason for this is because for you to get the cost of the plan, you need a little research and education.  The place you live is also an important factor when it comes to finding the right price for your health plan.

The Basic Cost

The first thing that you should learn is what the plan is talking about.  Every Medicare plan is standardized which is something you should come to term with.  What this simply means is that the benefit of each plan is the same for other insurance companies.

You should understand that the Medicare Plans come with alphabets.  Currently, we have 10 insurance plans that run from A to D, F, G, K and N.  What you should know is that each plan has their benefits. You will have to identify the right alphabet that can take care of your needs and then, look at the prices set.

The Way The Medicare Plans Are Priced

Though, it is an open secret that the Medicare Supplement plans in 2018 have been standardized, you should be aware that the costs of these plans are not. Insurance firms are free to set the healthcare plans they way that will fit them. They can also decide if the cost will increase as the person gets older.  We have three methods that healthcare insurance firms can set their costs to increase over time.

The No-Age-Rated or Community Rated:  In this case, everyone in a particular area is expected to pay the same premium every month irrespective of the age.

The Issue-Age-Rated: This is the monthly premium that is set based on the age at which you are buying.  The cost increases according to the age of the purchaser.

The Attained-Age-Rated: This is initially based on the age at which you got the plan. The premium is expected to increase as you get older.

You will realized that most of these health plans are based on the Attained –Age-Rated. For the community rated,  here is a discount to the young ones, and the older will pay more for their plans.

Factors Affecting the Price of Plans

The Medical Underwriting:  What do you know about medical underwriting? This is the practice that make use of a person’s medical history to decide what the cost of healthcare plan will be. Sometimes, it can be used to deny you a coverage. What this simply means is that the cost will be higher when the health problem is more.  However, you should be aware that you are given an open enrollment period.  This period does not allow a company to use medical underwriting.  This period can be for a period of 6 months after the day you turned 65.

The High-Deductible plans:  There can be  high options for Plan F and J deductible. When this is offered, the monthly premium will be reduced and you pay more for your medical services until the Medicare Plan begins.  The Medicare Select: This plan has a lower costs, and expect the user to go for a pre-defined network of hospitals and also, doctors too.