Older adults who enjoy driving and consider it a vital part of their continuing independence and sense of well-being nonetheless encounter physical changes that affect their driving experience as they age. There are lots of important issues involved in discussions about older adults continuing to drive. Here, we are going to focus on the physical […]
Managed care is not, in itself, health insurance. Instead, it is a delivery and payment system for health care services. One of the main purposes of it is to control health care costs. There are many models of managed care, including some designed specifically for Seniors who are on Medicare. This article will discuss a […]
This is a continuation of our series on health insurance plans. Here, we will discuss one of the most common types, managed care. Managed care can be intricate, so it will be explained in several articles. What is Managed Care? Managed care can be very confusing to Seniors and others. Many are used to relying […]
The grim reality is that throughout life, illnesses and accidents occur. They often occur more often as we get older. While it is always best to take good physical care of oneself, some illnesses and accidents can’t be avoided. Treatment for the illnesses and injuries costs money, and often lots of it. That is what […]
In retirement, money (and the allocation of it) is often a bigger issue than it was at other times of your life. Coupled with other financial strains that can happen with retirement, medical issues related to aging can throw limited budgets off course. It can, therefore, help to have an idea (a “best guess”) of […]
Retirement from a career of many years can open a open door to a new world. It may be self-employment, acquiring a franchise, or capitalizing on years of accumulated knowledge by becoming a consultant. Maybe you want a new career. Maybe you need a new career because finances demand it. The reason doesn’t matter. In […]
In insurance language, a “claim” is a formal request to an insurance company for payment under an insurance policy. The payment of a claim is subject to the terms and conditions of the insurance policy. Many insurers have online claim forms and instructions to guide you through this process, including uploading certain documentation. Others will […]
Life insurance is complex, and the purpose of this and the other life insurance articles on Senior Care Advice is to simplify it. Specifically, we want to give you the knowledge by which to make smart decisions about obtaining life insurance, keeping what you have, buying more, or letting it go. There is no “one-size-fits-all” […]
Before we get into a full discussion of the cost or price of life insurance, let’s identify and correctly define some terms. “Cost” and “price” are not accurate terms to describe the amount paid to an insurance company for life insurance or for any other kind of insurance. The correct word is “premium.” A “rate” […]
Any kind of insurance is fundamentally about risk. Risk can be defined as the chance of financial loss due to an unexpected event. Insurance involves the transfer of risk from an individual or from an entity to an insurance company. The insurance company pays compensation for the loss. It is important to recognize that any […]