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Preventive Care Insured?

Submitted by David John Marotta and Megan Russell on Friday, October 24, 2014 - 9:00am

Why did it take so long for colon cancer screening to be a covered benefit when insurance has long paid for treating this malignancy? The short answer is that screening tests rarely, if ever, save money.

A screening test looks for a disease when the patient has no symptoms. And because of the lack of symptoms, nearly all of these tests offer no medical benefit.

For a screening test to save money, the costs must be very low, the benefit long lasting and the potential for side effects unlikely.

Cheap Canadian Drugs: Why?

Submitted by David Marotta and Megan Russell on Tuesday, August 26, 2014 - 9:00am

Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.

The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.

Ebola and Travel Dreams

Submitted by Lewis J. Walker on Tuesday, September 23, 2014 - 12:00pm

The West African Ebola outbreak has made headlines. Should you be afraid of this hideous disease? I’m off for a trip to Africa: Should I be afraid? No and no. Unreasonable fear should not deter you from travel.

10 Key Pre-Retirement Steps

Submitted by Tom Orecchio on Thursday, September 18, 2014 - 3:00pm

Retirement takes a lot of planning and decades of preparation. You’ve gathered assets, set up a home and perhaps raised children. Now is the time to enjoy all you have achieved. But as you move from the world of work into retirement, here are 10 key steps to take first.

They are:

1. Prepare a budget that takes into consideration typical monthly costs and your plan for big potential expenses (e.g., travel, home renovations, moving).

VA Mess Shows Deeper Woes

Submitted by Lewis J. Walker on Wednesday, July 2, 2014 - 9:00am

The problems plaguing the Veterans Administration underscore an unpleasant truth about aging: Ever-increasing costs and red tape endanger quality health care for older Americans, whether they are veterans or not. Their best defense is to build up enough personal capital to pay for better care on their own.

Getting Obamacare Subsidies

Submitted by David John Marotta and Megan Russell on Friday, June 27, 2014 - 3:00pm

The Affordable Care Act (ACA), aka Obamacare, provides subsidies to Americans making up to 400% of the poverty level, about $94,200 for a family of four. Can you juggle finances to best cash in on subsidies?

Rather than limiting subsidies to only those with a small net worth, the ACA provides aid to all persons with low incomes, including those early or partial retirees.

Picking the Right Medicare

Submitted by Jessica Ness on Wednesday, April 30, 2014 - 12:00pm

As you approach the golden age of 65, your conversation always seems to turn to Medicare. This government health-care program can be confusing, leaving you afraid of not having the information to make an educated decision. When applying for Medicare benefits, decide if traditional Medicare or a Medicare Advantage plan works best for you.