ERIKSEN GROUP
phone
x x x
 

Blog

Posts Tagged ‘retirement’

13 Employee Benefits You Should Consider Offering

Wednesday, July 24th, 2019

The Libertarian Replublic reports:

“It can be a real challenge for a small business to keep employees interested in sticking around for the long haul. Larger companies always seem to have the upper hand, especially when it comes to offering enticing employee benefits. For a small business to remain competitive, you have to be sure that the employee package is enticing enough to keep them interested.

(more…)

Should companies begin offering student-loan help to employees?

Monday, May 20th, 2019

Prairie Business reports:

“Yes! Student loan debt is one of the most difficult financial issues facing new grads. Rising costs of tuition/education can make it hard for new grads to get a start in life – whether it be buying their first home, purchasing a new vehicle or affording other key items or investments.

(more…)

Student Loan Repayment Is The Hottest Employee Benefit Of 2018

Thursday, October 25th, 2018

Forbes reports:

“It’s the hottest employee benefit of 2018.

Student loan repayment assistance.

Vacation time, 401k plans and health insurance are great, but what recent graduates really want is help repaying their student loan debt.

(more…)

How Safe Is Your Medicare?

Friday, August 18th, 2017

The Fool reports:

“There are several popular misconceptions about the financial condition of Medicare, which virtually all American senior citizens rely on to cover healthcare expenses in retirement. Many people believe Medicare is broke, or that there’s virtually no chance that Medicare will still be around by the time they retire. Spoiler alert: Neither of these assumptions are true.

(more…)

4 Surprising Things Medicare Doesn’t Cover (and How You Can Pay for Them)

Wednesday, March 8th, 2017

The Motley Fool reports:

“Medicare covers more than 54 million beneficiaries, around 77% of whom are happy with their insurance. Yet this vital social program doesn’t cover every single beneficiary’s needs. If you’re covered by Medicare, or will be soon, it’s important to understand both its benefits and its limitations.

Medicare Part A pays for inpatient hospital care, skilled nursing care, hospice care, and home healthcare. Part B covers 80% of most routine care, but many Medicare recipients eventually experience a health need Medicare won’t cover. It helps to know what kinds of things Medicare won’t pay for and plan ahead for costs.

(more…)

Here’s What Medicare Part B Costs and Covers in 2016

Tuesday, January 26th, 2016

According to The Motley Fool:

“Learn how this part of the Medicare program works. 

Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.

What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)

Millions facing a hefty increase in Medicare premiums in 2016

Wednesday, September 16th, 2015

Yahoo Finance reports:

“Nearly a third of the roughly 50 million elderly Americans who depend on Medicare for their physician care and other health services could see their premiums jump by 52 percent or more next year. That’s because of a quirk in the law that punishes wealthier beneficiaries and others any time the Social Security Administration fails to boost the annual cost of living adjustment.

(more…)

In New Hampshire, Chris Christie spells out entitlement reform plan

Monday, May 4th, 2015

CNN reports:

“Gov. Chris Christie attempted to position himself as the likely candidate most willing to take on entitlement reform when he delivered a 40-minute speech on the issue in New Hampshire on Tuesday.
The New Jersey Republican, who kicked off a four-day tour across the first-in-the-nation primary state, is applying his direct style to try to be a truth-teller who’s eager to take on uncomfortable topics like Social Security, Medicare and Medicaid.

(more…)

High Health Plan Deductibles Weigh Down More Employees

Wednesday, September 3rd, 2014

The New York Times reports:

“Anita Maina was working on an arts and crafts project she found on Pinterest — creating a table out of wood and cork — when she ripped off a fingernail while removing staples from a piece of wood.

“It is one of those things that really hurt, and I thought I should go to urgent care,” said Ms. Maina, 27.

But she ultimately skipped the visit since she had not met the $6,000 deductible on her health plan, and she knew she probably did not have much left in her health savings account, a type of tax-advantaged savings vehicle that is often used with high-deductible plans to help defray out-of-pocket costs.

Ms. Maina, an associate in a health and human services consulting agency, said her employer added the high-deductible plan earlier this year; though her monthly premiums are only $34, these plans require employees to pay for a greater share of their medical expenses upfront, before the plan starts making payments.

(more…)

PPACA helps delay Medicare insolvency

Friday, August 1st, 2014

Benefits Pro reports:

“The main trust fund behind Medicare, the $583 billion U.S. health program for the elderly and disabled, will be exhausted in 2030, four years later than projected last year, the government reported.

An improving economy and the health-care overhaul — the Patient Protection and Affordable Care Act — may stave off depletion of the fund as it took in more money and spent less than expected last year. The trust fund pays for hospital visits, nursing care and related services for Medicare’s 52 million beneficiaries. Its assets fell $7.1 billion in 2013 to $281 billion, less than one-third the reduction of a year earlier, according to a report released today by the program’s trustees.

(more…)

Newsletter Signup

Free Consultation
image_questions
Change Your Broker
 
x x x