Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

He is dedicated to excellence and making sure all Veterans get the news they need to make sure their lives are of the highest standards possible.


View Latest Posts >>>

Personal Finance: Use extra cash to cover retiree health costs

Personal Finance

By richmond.com

With as little as $1,000 — or as much as $100,000 — you can help ensure that you won’t run out of money to pay for health care in retirement.

With $1,000 Contribute to a health savings account.

If you have an eligible health insurance policy — with a deductible of at least $1,300 for self-only coverage or $2,600 for family coverage — you can invest the HSA money, pay for medical procedures out-of-pocket and let the money grow tax-free for future eligible expenses (save your receipts so you can claim the expenses later).

You can’t make new HSA contributions after you enroll in Medicare, but you can use the money you’ve already saved tax-free for Medicare premiums plus out-of-pocket medical and drug costs.

Read the Full Article at www.richmond.com >>>>

twittergoogle_plusredditpinterestlinkedinmail

Related Posts:



The views expressed herein are the views of the author exclusively and not necessarily the views of Money News Now or any other Money News Now authors, affiliates, advertisers, sponsors or partners and technicians. Notices

Posted by on 3:00 pm, With 0 Reads, Filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments Closed

You must be logged in to post a comment Login


TOP 50 READ ARTICLES THIS MONTH
From Veterans Today Network