Retirement Insurance & Aging – An Overview of Your Options

Aging and entering retirement opens up a whole new world. When you’ve effectively stopped working, your options for insurance change as well, but the need for insurance stays the same – in fact, it increases. Getting older means you need to watch your health more carefully and ensure that you have the financial coverage in place for monitoring and medical emergencies.

At Carolina Money Minders, we are proud to offer a range of Elder Care Services which include a review of your current insurance picture, and optimizing your insurances to fit your needs and lifestyle. In this article, we discuss some of the major options that exist, to show just how broad your options really are.

Let’s have a look together.

Medicare

If you are older than age 65, you may qualify for Medicare, which is a federal health insurance program for older individuals. It has various components which cover a variety of routine healthcare, prescriptions, medical supplies and equipment, and even some surgeries. It tends to be the first line of defense for most older individuals, given that as long as you qualify,

We are able to help you assess your qualification status. Then, if you qualify, we’ll help you file for Medicare coverage as well. Even better, we are able to help you assess your personal unique need for additional insurance coverage above and beyond that.

Private Health Insurance

There are a lot of insurance companies out there that can help cover your medical expenses, regardless of whether you qualify for Medicare. In some cases, even if you qualify for Medicare, you may still actually want or need additional coverage, depending on your specific circumstances.

Once you secure personal health insurance you can not only protect yourself against unforeseen and unexpected medical bills, you can also help reduce the overall cost of routine elderly healthcare. Further, if you have a spouse, there may be effective ways to combine your health insurance options together to lower your costs even further.

So what would be the best way for you to manage and secure these benefits without it being too much to handle? The best way to do so would be to hire professionals that are esteemed and trained in the field and have provided security and abundance for their clients.

Assisted Living & Senior Homes

Many people prefer to age in place, which is to stay at their own home for as long as possible as they retire and age, preferring not to move into a dedicated aging facility. This is a wonderful option and today there are many options available that make this achievable. Specifically, there are assisted living companies who can come to your own home to help with day to day activities and healthcare.

Assisted living services include things such as mobility, hygiene, prescriptions, physical therapy, and so on. It’s a great way to get your basics covered, while staying in the home that you know, love, and have perhaps been living in for years.

If on the other hand, you want a comprehensive solution, a nursing home may be a perfect option that you prefer. It too is a great opportunity worth considering. By relocating your life to a dedicated senior living facility, you get a whole host of benefits. First off, you get to enjoy the peace of mind that comes with around-the-clock care from dedicated healthcare workers. Further, while living at home can sometimes feel a little isolating, a nursing home or senior living facility offers an entire community of other individuals, activities, events, and so on, which can make for an engaging and fun experience.

Working With Us To Plan Your Retirement Insurance Options

So what would be the best way for you to manage and secure these benefits without it being too much to handle? The best way to do so would be to hire professionals that are esteemed and trained in the field and have provided security and abundance for their clients.

With Carolina Money Minders, we have your best interest in mind and we want to make sure that you are guided throughout your career and your personal life. When things can get overwhelming and tedious, it would be best to have people who are credible and excellent at what they do to provide the service that you need.

Let’s talk about how we can manage your expenses, your benefits, and your lifestyle. Contact us today!