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15 Things You Can Afford on the Average Social Security Check

When you’re drafting your budget for retirement, it’s always useful to know what you can pay and how much you can stretch your Social Security check. The average Social Security benefit in…

9 Months of Medicare Part B Insurance

If you have 40 or more quarters of work credit, it means you’ve got Medicare Part A insurance all covered. Part B insurance, on the other hand, is a different matter.

Starting with 2017, you have to pay at least $134 per month for Part B insurance. This covers medical services and supplies, including lab tests, surgeries and wheelchairs. After making the payment for the yearly deductible of $183, you will still have to pay 20 percent of any approved charges for Medicare-covered services.

 

5 Months of Long-Term Care Insurance

If you are worried about healthcare costs in the future, having a long-term care policy can help you get rid of this stress factor. Based on the policy you choose, your long-term care insurance can cover future healthcare costs such as a nursing home, assisted living, in-home care and home modifications.

For example, a 60-year-old couple in good health can purchase a three-year policy with a $150 maximum daily benefit for approximately $250 a month.

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