Categories
Retirement

The Risks and Benefits with Medical Insurance

Everyone knows how unpredictable life can be and just about anything can happen just about any time. Some people convince themselves that they probably don’t need medical insurance today, but you never know with your health what will happen tomorrow. All of us are susceptible to diseases, illnesses and accidents every day of our life. People who are totally healthy one day can be struck with a disease tomorrow or seriously injured in a car accident. These things happen all the time, every single day! After something like this does occur, the medical bills start coming in and if you’re stuck without medical insurance to help, you are facing a huge financial burden and strain.

Being Prepared: We need to be prepared for any type of disaster that could occur and not many people are. There are so many important reasons why you need to take out medical insurance.

Quality of Care: Believe it or not, people who are medically uninsured will get less care as someone who is insured. For example, a woman who is pregnant with no insurance will receive far less prenatal services because of the high costs involved. As well, children and adults both may not be able to see a health care provider on a routine basis to get treatment and advice for their sicknesses because the out of pocket cost for the visit cost them too much money. This is your life and your health that are risk.

Health Outcomes: People who remain medically uninsured have much worse outcomes with health conditions. Reports have shown that people with medical insurance have a better outcome with their health problems. Researches have shown that death rates are 25 percent higher with people who have chronic diseases and don’t have medical insurance.
Financial Burden: Not having medical insurance causes financial burdens on families. Many discounts are applied to medical insurance policies and those without insurance won’t get any discount on top of paying double and triple costs for being uninsured. An unexpected tragic illness or injury has often times caused a family without medical insurance to have to go bankrupt.

Risks: Without medical insurance, someone may not be able to afford an expensive surgery or treatment that they need. Prescriptions may cost too much for some people to afford without medical insurance so they take the risk of not buying them. Medical insurance is so much better to protect your family from all these unexpected and sudden costs that medical care brings. For people who are not insured, having to pay out of pocket for something expensive can cause so much stress and eventually lead to depression.

The benefits of being medically insured far outweigh not being insured. Paying small amounts of premiums on a monthly or regular schedule will keep you from having the burden of paying massive amounts of money in medical costs when an illness, disease or an accident happens all of a sudden. When it comes to being on the safer side, it’s always better to have that peace of mind that medical insurance can offer.  For seniors, it is a good idea to have supplements insurance to supplement your medicare insurance.
Author’s Bio: The articles of Mark Anderson have really met the needs of the users. He suggests them to visit Medicalinsurance.org   for more information.

Originally posted 2012-08-28 08:27:34.

Categories
Over 55 Communities

Analysis of a Move to a 55 Plus Community

55 plus community model home

Del Webb 55 Plus Community Here We Come

After looking for over a year, we found the perfect 55 plus community for us.  It is on the edge of the metro area, about 40 miles from downtown but 18 minutes from a major regional mall and more retail-shopping.  Nearby there is a winery with hotel and six restaurants, 15 minutes from outlet mall, and nearby some good places for lunch. It is far enough but not too far. We can still meet our friends in the metro suburbs for lunch every month.   It will definitely change our way of living to a new lifestyle while being close to familiar areas too. Not a major relocation but a positive adjustment none the less.

Forty percentage of the people living in Village at Deaton Creek,  this active adult community on the outer edge of our metro, still work.   This means, at age 62, some will  be our age or younger.   So the age balance is right for us.

It took us some time to come up with the model home that we decided on.  We live in a 4 bedroom, 3.5 bath two story with full  basement.  Not because we had a big family, but because we had a home office and one employee.  We no longer have the employee coming over and have cut back the business to the minimal, but still my wife and I do want our offices.   We had thought going in the perfect retirement home for us would be a “ranch with a basement”.  Basements we found out are a little pricey.  A basement runs $50,000 and then $30,000 to be finished, thus $80,000 extra for a finished basement.  At Del Webb they have come up with another less expensive option, that of a loft.  The finished loft is an option that runs $23,000 to $25 ,000 more, but does add a large room, a bedroom and a full bath upstairs. So we reasoned that would work as I could have my office in the loft and my wife could have the office on the main level and like the 2 bedroom plan.  So a 2 bedroom with a loft we went searching for.   But when touring the available homes, there was not a loft available, so it would take 5 to 6 months to  have one built the Del Webb  salesperson explained. Huh.

So next we decided to check out resales so we went through the brochures we picked up while riding around in our golf cart during our two night vacation getaway stay at the community.  I asked about any listings with a loft and none were available since the loft is a relatively new option and none of the resales have a loft.  But the agent did tell  me about another listing which is a large ranch in the Overlook section rather then the middle size homes in the Vista collection.  The plan was the Cumberland Hall floor plan.  It is all on one level and has a large corner office and 3 bedrooms, one of which could be our second office.  We liked the floor plan layout too.  In addition, this resale has a large screen porch and a nice kitchen and many extras.  The price was only $15,000 more that the two bedroom with loft that we would have to wait 6 months for.  Wow, this is maybe the one for us!

The resale agent was very helpful.  She could come to our current home and let us know the market price and what we could expect to get. So how would this work, we begin to ask.  Would we contract to buy the resale and immediately list our current home for sale.  Do you sell your current home first to reduce the risk then find a home to move to?  One resident said she listed her home for sale and put a contract for Del Webb to build her a home but her home sold within two months.  What did she do I asked?  Got on a boat and traveled she replied.

Being the cautious planner that I am (and who isn’t when you are retired), none of these options looks that great.  Yes, we could cash in a CD and buy the resale while listing our current home for sale.  Both homes are similar in price so we may almost break even.  Then take the sales proceed and buy the CD back.  Sure there is a 3 month interest penalty, but that may not stop us.  However the bigger risk is selling our current home.  We have heard story after story about negatives of selling in this market.  It is in great condition, with many improvements in a good location (doesn’t everyone think their home is special and more valuable than the rest of the neighborhood). Or another option would be to sell our current home and then find our new home, but that means maybe moving to a temporary residence if we cannot find a home to move in to right away.  I don’t like moving that much.
About now I am asking, and why are we moving?  Oh yes, the new lifestyle, new friends, activities, slower pace, nature walks around the pond, fun, etc. Yes, we are sold on the community and have a floor plan we think would work for us.  We are positive about the move, it is just how to do it.

So thinking about this during this long Memorial Day weekend, my wife and I think we don’t want to put ourselves in an uncomfortable situation right now, just because we would like to move to a 55 plus community.  We have our house paid off, we are retired, so why complicate matters. Our assessment is in this environment it is no time to roll the dice and try to sell your home if you don’t have to.  We don’t want to move twice and we don’t want a vacant unsold home to worry about. We still plan on moving to a 55 plus community and now have a much better idea of where we want to live and the floor plan that would suit us. You just don’t know until you have checked things out, if it will work for you.  We will keep our options open and look forward to making the move when the time is right for us.

Originally posted 2010-06-01 09:00:38.

Categories
Retirement Homes

Searching for Retirement Home Can be Fun

Destin FL - Where to retire
Getting out and exploring new things is always fun.  Exploring retirement home options can fall in to that category.  Maybe you have a little more time to take a few days off. Explore retirement options in your area, your city, your region and far away. Make it your hobby to research and then to travel and experience new options you now have.

Experience the Vacation Getaways at the Active Adult 55+ Communities with a trip of 3 or 4 days and see first hand what they are all about. In addition you get to visit the town and area where the community is located.  These are positive experiences at very little costs.

Next visit small towns in your area and region. This would be as short as a day trip, an overnight trip or spent 2 or 3 days and visit several small towns.   Do your research first on the web and plan your visit. Visit during a festival or town event would be interesting as well. There are many advantages to retiring in a small town but just visiting can be fun too.

Next travel to a resort area and combine a vacation and a retirement research trip. Go to Hilton Head for a week. While there explore some of the communities in the area.  Warning: don’t buy any timeshares while there. Enjoy your vacation and learn something too. You have a legitimate reason for visiting the communities, you are not wasting anyone’s time. You are the prime prospect, but most communities are helpful and low pressure.  If you really did fall in love with the place, maybe renting for a season would be a good idea first.

Finally explore your own city. Research first then go downtown and experience the mixed use, high rise, loft, town centers and other interesting concepts in your very own metro downtown or midtown.  What would it be like to walk to restaurants and museums from your very own condo. Urban life is not for everyone but there are some boomers moving downtown to experience the advanatages of retirement city living style.

But the main to remember is to have fun! There are no deadlines and you don’t have to do anything. Take your time during your visit to take it all in.

Originally posted 2012-06-11 10:45:15.