Plan for Medicare Costs with HealthView

In Emily Brandon’s The Chicago Tribune article, “8 tips on paying for health care in retirement”, she offers the following 8 “tips on how to cope with health care expenses in retirement”:

1 Don't count on employer benefits
2 Try to make it to Medicare
3 Plan for Medicare costs
4 Consider working longer
5 Factor in long-term care
6 Consider long-term care insurance…carefully
7 Go it alone – treat your chronic conditions
8 Invest in your health

Number 3 on her list, plan for Medicare costs, is where HealthView can help. HealthView provides personalized information that individuals need to plan for their health care in retirement. This is important since health care costs in your retirement will most likely be your #1 or #2 greatest expense.

HealthView starts with a simple 3-part questionnaire with questions on your health status, lifestyle and history of medical conditions. This is a critical first step for planning. You will receive a HealthView Report that offers suggestions for decreasing health risks. Your report may identify areas of health concern or risk and provide suggestions for preventive actions as well as tips for maintaining and improving health. You will see in the HealthView Report that some risk factors can be controlled or changed.  Others cannot. For example, lifestyle can have a great impact on your risk for developing cancer. Studies have shown that making healthy choices can potentially prevent over 50% of new cancer cases in the country.

Your HealthView Report includes the impact of your health and your health risks on your life expectancy and future healthcare expenses. It provides projected out-of-pocket healthcare expenses based on your medical coverage and age of retirement.

Your HealthView Report will help you and your financial advisor determine what you need to invest today to fund your health-care costs during retirement. HealthView also provides interactive tools that allow for “what-if” scenarios. For example, how will a change in your year of retirement affect your out-of-pocket health-care costs?

HealthView provides financial advisors and their clients with the information needed so that you can prepare and plan to have the funds needed to cover the most important expense you will have in retirement.