Monday, May 14, 2018
Thursday, May 10, 2018
Tuesday, May 8, 2018
Hearing Loss
The World Health Organization, reports that by 2050, an estimated 900 million people around the world will have a disabling hearing loss.
Medicare does not cover the cost of hearing aids and I think for many that’s a concern since the cost of one aid can be as much as $3000.
However, there was good news for people with hearing loss when Congress last August authorized the Food and Drug Administration to create a new class of hearing devices, which will be available over the counter and expected to cost far less than what you pay for a device from the audiologist's office. The over-the-counter hearing aids are for adults with mild to moderate hearing loss and will be FDA-regulated. In the future, certain hearing aids and other hearing wearable devices will be available in pharmacies and electronics retailers. Once regulations are in place, expect lower prices for FDA-approved aids and more choices.
Medicare does not cover the cost of hearing aids and I think for many that’s a concern since the cost of one aid can be as much as $3000.
However, there was good news for people with hearing loss when Congress last August authorized the Food and Drug Administration to create a new class of hearing devices, which will be available over the counter and expected to cost far less than what you pay for a device from the audiologist's office. The over-the-counter hearing aids are for adults with mild to moderate hearing loss and will be FDA-regulated. In the future, certain hearing aids and other hearing wearable devices will be available in pharmacies and electronics retailers. Once regulations are in place, expect lower prices for FDA-approved aids and more choices.
Monday, May 7, 2018
Thursday, May 3, 2018
Highlights for May 5 Your Safe Money Show
Coming up on this weeks (May 5) Your Safe Money Show.
Which generation do you think has the most student loan debt? I think the answer will surprise you.
On average women retire early and they live longer, how can they plan for the long haul?
If you’re nearing retirement getting out of debt is crucial, I’ll explain.
And we have a little quiz about Social Security, you can see what you know.
Listen Saturdays at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com. To hear recent shows go to the podcast page at yoursafemoneyshow.com.
Which generation do you think has the most student loan debt? I think the answer will surprise you.
On average women retire early and they live longer, how can they plan for the long haul?
If you’re nearing retirement getting out of debt is crucial, I’ll explain.
And we have a little quiz about Social Security, you can see what you know.
Listen Saturdays at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com. To hear recent shows go to the podcast page at yoursafemoneyshow.com.
Wednesday, May 2, 2018
Health Saving Accounts
I am sure you’ve heard of Health Savings Accounts, also known as HSA’s. They’re a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.
By using untaxed dollars in a Health Savings Account to pay for deductibles, copayments, coinsurance, and some other expenses, you can lower your overall health care costs.
An HSA can be used only if you have a High Deductible Health Plan— generally any health plan (including a Marketplace plan) with a deductible of at least $1,350 for an individual or $2,700 for a family. When you view plans in the Marketplace, you can see if they’re "HSA-eligible."
HSA funds roll over year to year if you don't spend them. An HSA may earn interest, which is not taxable. If you’re near retirement, an HSA may make sense because the money can be used to offset costs of medical care after retirement. HSA’s can be a valuable financial tool because of the tax benefits.
If you have any questions call 877-812-0259.
By using untaxed dollars in a Health Savings Account to pay for deductibles, copayments, coinsurance, and some other expenses, you can lower your overall health care costs.
An HSA can be used only if you have a High Deductible Health Plan— generally any health plan (including a Marketplace plan) with a deductible of at least $1,350 for an individual or $2,700 for a family. When you view plans in the Marketplace, you can see if they’re "HSA-eligible."
HSA funds roll over year to year if you don't spend them. An HSA may earn interest, which is not taxable. If you’re near retirement, an HSA may make sense because the money can be used to offset costs of medical care after retirement. HSA’s can be a valuable financial tool because of the tax benefits.
If you have any questions call 877-812-0259.
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