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A Woman’s Guide to Health Care in Retirement

The Commerce Company | Retirement & Investment Services
Source: www.thecommco.com

At any age, health care is a priority. But when you retire, you should probably focus more on health care than ever before. This is especially true for women. Women live longer, develop certain chronic conditions (e.g., osteoporosis) at a higher rate than men, and are more apt to experience medical limitations that directly affect their daily activities.1 That’s why it’s particularly important for women to factor in the cost of health care, including long-term care, as part of their retirement plan.

How much you’ll spend on health care during retirement generally depends on a number of variables including when you retire, how long you live, your relative health, and the cost of medical care in your area. Another important factor to consider is the availability of Medicare. Generally, you’ll be eligible for Medicare when you reach age 65. But what if you retire at a younger age? You’ll need some way to pay for your health care until Medicare kicks in. Your employer may offer health insurance coverage to its retiring employees, but this is the exception rather than the rule. If your employer doesn’t extend health benefits, you may be able to get insurance coverage through your spouse’s plan. If that’s not an option, you may need to buy a private health insurance policy (which could be costly) or extend your employer-sponsored coverage through COBRA.

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Mission

We empower, encourage, and assist single mothers make meaningful decisions that will help sustain and secure their families financial freedom, health and well-being.

Goals

Our goal is to increase advocacy for single mothers with focused, practical, easy-to-understand.

This project is designed to strengthen and support local programs in order to build a comprehensive campaign to support low-income families.

3 Easy Steps

Single mothers will learn how to become financially self-sufficient in three easy steps by:

01 | Taking Stock of Their Situations
02 | Regaining Control of Their Lives
03 | Improving Their Financial Health

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