By Kim O’Brien, President & CEO, National Association for Fixed Annuities
Regardless of your views on the 2010 health reform law, there are some specific provisions that may impact how those approaching retirement plan for their health and long-term care costs. Howard Gleckman, author of the book “Caring for Our Parents” discusses some of the provisions of the Affordable Care Act that directly impact the way seniors receive health care and long-term care services. To read his assessment on Forbes.com, click here.
What’s also significant about this type of debate is that it sheds light on the importance of financially planning for our long-term health costs, particularly as we approach retirement. To learn about strategies to save for retiree health expenses, including the use of annuities to fund such expenses, check out this recent research study from the Insured Retirement Institute.