Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 12.22.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29  30
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Jun 29,2007
Parent Care: Cost of aging
by Marsha_Kay Seff

An analysis of expenses for health care from a variety of sources discovered that medical costs soar with age. The Lifetime Distribution of Health Care Costs Health Services Research found that of the people who live past 85, nearly 60 percent of their total lifetime health care costs are spent after they turn 65.

Even worse news for older folks, the study found that more than one-third of the average 85-year-old's lifetime health care expenses are still ahead of him or her. The bright side: At least people are living that long to keep the health care industry alive and well.

EXPECTATIONS

According to a recent survey, some of today's workers might have unrealistic expectations about how long they will continue to work. While the average worker plans to retire at age 65, the average retiree today stopped working at 62, according to the 16th annual Retirement Confidence Survey by the Employee Benefits Research Institute. It found that while two-thirds of today's workers expect to work in retirement, only 27 percent of current retirees say they've worked during their retirement.

ABCs OF INSURANCE

For those of you confused by the alphabet soup of insurance providers, HMO stands for Health Maintenance Organization; PPO is short for Preferred Provider Organization.

PPOs are a hybrid between original Medicare and an HMO. As with original Medicare, the beneficiary of a PPO has the freedom to choose providers without requiring a referral from a primary-care physician. Under an HMO, you need the referral.

The PPO beneficiary may see providers contracted by the network or pay a slightly higher out-of-pocket charge for the out-of-network providers. As with the HMO, the PPO beneficiary has co-pays for a number of services in or out of the network, rather than the 20 percent cost under original Medicare. HMOs and PPOs both offer slightly more coverage than original Medicare, including routine vision exams and hearing care.

Marsha Kay Seff is editor of The San Diego Union-Tribune's www.sandiegoeldercare.com, a Web site for older folks and their caregivers. She can be contacted at marsha.seff@uniontrib.com.

© Copley News Service

1337 times read

Related news
Medicare Advantage Enrollment Extended Through Mar. 31 by Bend Weekly News Sources posted on Jan 12,2007

Caregiving without love makes for rocky road by Marsha Kay Seff posted on Jan 12,2007

Money and You: The health insurance dilemma - choices for retirees under 65 by Carrie_Schwab_Pomerantz posted on Jan 11,2008

EEOC redeemed by The San Diego Union-Tribune posted on Jan 11,2008

Bait and switch by the St. Louis Post-Dispatch posted on May 18,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 41 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?