For the March issue of Practical Accountant, I wrote a feature on the growing medical care component of retirement planning. Rapidly rising costs, a new confusing Medicare prescription drug program, and a decrease in employer-paid medical care benefits are just some of the obvious reasons for medical care to now come more to the forefront in retirement planning.
The article also focuses on an important decision for those getting close to retirement whether to buy long-term care insurance, and what should be included in the policy coverage. In the feature, I also mentioned there was fast moving legislation that would dramatically tighten the Medicaid rules. The legislation was enacted.
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