Healthcare Financial Planning Blogs

Part of aging is accepting that any one of us may face mental or physical health challenges along the way. When a serious diagnosis like Alzheimer’s or Parkinson’s occurs, it can feel overwhelming. For the family, too, this moment is significant. It doesn’t just involve planning for the individual with the diagnosis; it also means needing to protect and inform the entire care system. A well-organized incapacity plan can offer legal protection, clarity, control and emotional steadiness during un

Medicare is the Federal health insurance program for people ages 65 and older. The program helps pay for various medical expenses including hospital stays, physicians, prescription drugs, and more. The number of people enrolled in Medicare has more than tripled since 1970, climbing from roughly 20 million to over 68 million today, and is projected to reach almost 93 million by 2050. A common misconception about Medicare is that it is self-financed through premiums paid by current beneficiaries

Written in partnership with Chapter Medicare Medicare can be quite daunting. There are thousands of supplemental plans, many different enrollment periods, and various parts like A, B, C and D. It’s all too easy to make mistakes in this complex process. Unfortunately, some of these errors can have a major impact on your finances. This guide will help you steer clear of the five most common Medicare mistakes. If you need further assistance, reach out to your Wealthspire advisor. They’ll connect y

As you embark on this exciting chapter of your legal career, along with avoiding lifestyle creep, estate planning considerations, and learning how to maximize financial success, it's crucial to make informed decisions regarding your healthcare plan. There are several important factors to consider when choosing the right healthcare plan and using healthcare services in a cost-effective manner. Understanding Healthcare Costs The rise in popularity of high deductible health plans has shed light on

A client of mine has been dealing with her aging father and his cognitive decline over the past few years. She has witnessed him go from a highly engaged and intellectually curious individual to being anxious, confused, and unable to perform basic daily functions. My client has worked hard to keep her father’s home life stable and routine, but as a working single parent of two, she is nearing a breaking point in her ability to continue providing his care. This story probably doesn’t sound new t