Harris Financial-MisconceptionsAboutHealthcareCostsinRetirement-Father & son cooking

By: Harris Financial Advisors | On: September 2, 2020 | Category: Insurance, Medicare, Retirement Savings |

Misconceptions about healthcare costs in retirement

Did you know that half of all monies spent on healthcare is spent during our retirement years? According to the New York Times, total healthcare spending for Americans 65 and older is about $15,000 per year — nearly three times that of working-age Americans.

Injured PiggyBank Med

By: Harris Financial Advisors | On: September 12, 2017 | Category: Insurance, Long Term Planning | Tags: HSA, retirement, tax, Tax Advantage

4 Reasons an HSA Can Be Good for Your Financial Health

If you haven’t heard of health savings accounts, or HSAs, now is a great time to learn. An HSA allows for tax‐advantaged savings that can be used to pay for medical expenses now or in the future. In order to qualify for an HSA, you must be enrolled in a high‐deductible health insurance plan. High deductible insurance plans offer low premiums in exchange for the insured person or family taking on high deductibles.

By: Harris Financial Advisors | On: March 9, 2015 | Category: Insurance |

Long Term Care

According to the U.S. Department of Health and Human Services (2014), at least 70% of people over age 65 will require some long term care service at some point in their lives.