Probably one of the most dramatic
changes in your budget this decade and going forward will
be the high cost of insurance -- especially anything medical.
Here's some guidance for trimming costs without losing the
coverages you need.
long-term care insurance
Long-term care insurance helps cover what Medicare doesn't.
It could potentially cover nursing homes, assisted-living
facilities, adult day care, in-home care and other functions
that help us get through everyday life. It is not medical
insurance; it is simply for everyday life functions and living.
care insurance: A critical consideration, 12
questions for long-term care insurance
for Medicare insurance
If you or a spouse paid Medicare taxes while working, you
qualify for Medicare insurance once you are 65 years old.
Even if you don't plan to receive benefits right away, you
still should sign up for Medicare three months before you
reach age 65. Check out the official Medicare
Web site for more details.
Life insurance may not be necessary
Only buy life insurance if your death will
cause a financial hardship for people you care about. If you
have no dependents and your spouse will be taken care of through
Social Security, pensions, IRAs and savings, you probably
do not need to buy life insurance.
basics of life insurance, Major
types of life insurance at a glance, Life
insurance: Thinking about the unthinkable, How
much life insurance do I need?, Stock
market killing your life insurance?, Viaticals:
How to sell your insurance policy, Longer
lifespans will lower insurance rates
Protect your property
You want to keep your insurance costs down without reducing
your needed coverage. Here's how to cut costs when you can.
ahead to save your home from disasters, ABCs
of your homeowners insurance policy, 10
things you need to know about homeowners insurance, Homeowner's
insurance is going to the dogs, Keeping
the price of auto insurance low, 9
ways to save on auto insurance, Should
you buy title insurance?, Does
your insurance cover terrorism?