Tag: health insurance
Even the best-laid plans can go awry. Retirees face the risk of a large healthcare spending shock for medical or long-term care (LTC) either because their health insurance involves significant cost sharing or because they lack insurance entirely in the case of LTC…
Low-income retired couples with less than $3,000 in assets can get Medicaid to supplement their Medicare insurance or pay for a nursing home. This asset cap, set by state governments, mainly applies to financial accounts and excludes the value of a home and vehicle. But Medicaid coverage in old age could conflict with auto-IRA initiatives…
