Tag: Seniors
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3 mortgage refinancing alternatives seniors should consider now
A reverse mortgage could provide seniors access to attractive funding now that mortgage refinance rates are high again. Getty Images/iStockphoto Traditionally, a mortgage refinance helps homeowners put extra money back into their pockets. By refinancing to a lower interest rate than what they currently have on their mortgage loan, homeowners reduce their payments and save…
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3 important insurance types seniors should buy before 2025
There are multiple insurance types seniors should consider buying now, before premiums can rise in 2025. Getty Images When purchasing an insurance policy, the timing surrounding an application is critical to get right. If you apply too late, you may get stuck paying a higher premium for limited coverage. But if you apply too early,…
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Why seniors should apply for long-term care insurance before 2025
Long-term care insurance can cover the costs of in-home caretakers, nursing homes and more. Getty Images In the final weeks of the year, many Americans may find themselves doing a retrospective look at their economic health with an eye toward what can be improved in 2025. A variety of economic factors affected Americans this year,…
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Many more seniors are getting COVID shots this year, CDC reports
Nearly 4 in 10 seniors have gotten a COVID-19 vaccine so far this year, new survey data published by the Centers for Disease Control and Prevention suggests, marking a steep increase in vaccination rates compared with the same time last year. The data from the CDC’s National Immunization Survey estimates that 37.6% of Americans ages…
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Seniors will pay more for Medicare in 2025. Here’s what to know.
Social Security sets its 2025 cost-of-living increase at 2.5% Social Security sets its 2025 cost-of-living increase at 2.5% 03:18 America’s seniors will pay more for their health care in the new year, as the Centers for Medicare and Medicaid Services (CMS) has announced that premiums for its Part B plan will increase by about 6%…