Health Care Planning
Health care costs can rack up quickly, but there are ways to plan for these expenses by making smart insurance decisions and saving in tax-advantaged accounts. Health care planning also includes being prepared for the potentially large costs of long-term care.
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Meta Description Although healthcare insurance can be complex, asking the right questions, planning ahead of open enrollment and working with a CERTIFIED FINANCIAL PLANNER® professional can eliminate some of the guesswork.
Work with your CFP® professional to ensure you have assembled a team of professionals and support networks that includes the appropriate medical professionals, therapists, social workers and legal advisors with an eye to special needs. Family members, particularly those involved in daily care or decision-making, should also be included.
Healthcare planning is an essential part of financial planning, but it is also a topic many of us tune out. If you're ready to take control of your healthcare expenses and secure your financial future, one tool you may want to consider is the Health Savings Account (HSA).
The beginning of the holiday season is a great time to sit down with a financial advisor to go over your spending and finances. Having someone organize your finances and then make appropriate recommendations will enable you to be smarter and more efficient with your money.
Annuities have evolved for the better. If annuities are used appropriately, these investment vehicles make sense as part of your overall financial plan. Here are two main strategies for using annuities.
It is important to have a plan in place for potential medical expenses. A CFP® professional can help you evaluate your family’s health care needs and create a comprehensive financial plan that covers your medical expenses today, as well as your potential future costs.
When you were a child, your parents took care of your healthcare needs — from scheduling doctor appointments to filling your prescriptions. Now that you’re grown, the roles may reverse, and you may need to take control of your parents’ medical expenses.
Make sure you fully understand the health insurance choices available to you to find the right fit for your situation.
Medicare is a valuable source of health insurance for people 65 and older, and for some younger adults with permanent disabilities.
Learn about the limited ways that you may protect your assets from spend-down requirements, including irrevocable, testamentary and special needs trusts.