The Top Financial Resolutions for 2021

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Have you made your resolutions yet? It can feel a little daunting trying to figure out what you need to focus on, so we made it easy: These are the resolutions everyone else is taking on in 2021, according to a survey by Wallethub, and you should, too. Plus — how to accomplish them.

1. Make A Realistic Budget And Stick To It

This one sounds familiar, right? Oft-regarded as Old Faithful when it comes to New Years’ resolutions, it holds that title for good reason. Having a budget you can actually stick to will set you up for financial success, no matter what your goals are.

It’s easy to slip away from our good financial habits as the year goes on, so it’s particularly important to find a budgeting system that works for your lifestyle and won’t be hard to maintain.

We recommend the 50/30/20 method. It’s simple, yet effective, and has a bit of a cult following, too! Here’s how it shakes out:

50% of your take-home income every month covers your fixed expenses — rent, utilities, groceries, minimum debt payments, etc. 30% goes towards the things you can live without, but don’t want to (like food delivery, a Netflix subscription and travel). Finally, the last 20% of your monthly income is dedicated to your financial goals.

2. Look For A Better Job: Make up to $69/Hour

The most surefire way to achieve your financial resolutions and stay within that budget you made is to earn more money.

2020 made that really hard for most people. Which is why finding a better job, that you actually enjoy — and will pay you more — is a top resolution for 2021.

But what if you could create that higher-paying and more rewarding job? There’s an idea…

Can you open an excel spreadsheet? Does earning $69 an hour sound appealing? How about the freedom to work remotely while helping others succeed?

Those are the perks of working as a bookkeeper, says Ben Robinson, a CPA and business owner who teaches others to become virtual bookkeepers through online courses called Bookkeepers.com.

You don’t have to be an accountant or even really good at math to be successful in this business. In fact, all you need are decent computer skills and a passion for helping business owners tackle real-world problems. The ability to stay moderately organized is helpful, too.

You can make up to $69 an hour, according to data from Intuit, the creator of QuickBooks, and you have no commute. It’s a great opportunity for parents who want a part-time job, recent college grads or anyone who wants to bring in real money working from home.

Robinson shares what it takes to be a virtual bookkeeper, plus tips for making this career work for you in his free class at Bookkeepers.com. If you stick with the classes, you could be running your own business in just a few months.

3. Pay Off Credit Card Debt: Wipe Out All Your Debt by Tomorrow

2020 was actually a good year for paying down credit card debt — Americans did more of it this year than they ever have.

But there’s still work to be done, which is why paying off credit card debt is one of the top financial resolutions this year.  Because if you still have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…

And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates. But a website called AmOne wants to help.

If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.

The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 3.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.

AmOne won’t make you stand in line or call your bank, either. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could help you pay off your debt years faster.

4. Monitor Your Credit Report

Did your credit score take a dive this year? Or is still stuck at a “fair” grade? Then monitoring any changes on your credit reporting and working to improve your score should be one of your financial resolutions for this year, too.

When it comes to your credit score, it’s important to stay organized and keep tabs on it. After all, it’ll play an essential role in any big purchase you want to make — whether that’s a home or a car.

So if you’re looking to get your credit score back on track — or even if it is on track and you want to bump it up — try using a free website called Credit Sesame.

Within two minutes, you’ll get access to your credit score, any debt-carrying accounts and a handful of personalized tips to improve your score. You’ll even be able to spot any errors holding you back (one in five reports have one).

James Cooper, of Atlanta, used Credit Sesame to raise his credit score nearly 300 points in six months.*** “They showed me the ins and outs — how to dot the I’s and cross the T’s,” he said.

Want to check for yourself? It’s free and only takes about 90 seconds to sign up.

5. Get Insured In Case Of A Catastrophe. You Could Give Your Family up to $1 Million

Talk about a scary year. If a global pandemic didn’t have you thinking about your own mortality, what else could? With that thought in mind, people are adding “buy life insurance” to their list of 2021 to-dos.

Have you thought about how your family would manage without your income if something happened to you? How they’ll pay the bills? Send the kids through school? Now’s a good time to start planning for the future by looking into a term life insurance policy.

You’re probably thinking: I don’t have the time or money for that. But your application can take minutes — and you could leave your family up to $1 million with a company called Bestow.

Rates start at just $16 a month. The peace of mind knowing your family is taken care of is priceless.

If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from Bestow.

6. Add A Month To Your Emergency Fund

Having an emergency fund is important; you know that. But it’s easy to deprioritize it when things are going fine. And as 2020 showed us, you can lose your job at the drop of a hat, meaning a full emergency fund can be what keeps your lights on.

So prioritize your emergency fund this year. If you don’t have one yet, start by opening an account that will help you grow your money.

One way to do that is with a company called Aspiration. It lets you earn up to 16 times the average interest on the money in your account.

Not too shabby!

Enter your email address here to get a free Aspiration Spend and Save account. After you confirm your email, securely link your bank account so they can start helping you get extra cash. Your money is FDIC insured and they use a military-grade encryption which is nerd talk for “this is totally safe.”

7. Pay Bills Right After Payday

It’s easy to get swept up in the joy that is payday and immediately start buying things you don’t need. But as the final financial resolution on this list, paying your bills right away can help keep the rest of your goals on track.

It means you can avoid late fees on your utilities, which can really add up and destroy your budget. You can pay off your credit card debt without mounting interest charges. And you can prevent any hiccups that would dock your credit score a few points.

Whatever your financial goals are this year, we know you can achieve them! Here’s to making 2021 your best financial year yet.

Kari Faber is a staff writer at The Penny Hoarder.

***Like Cooper, 60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.

Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com

How to Get Cheap Car Insurance

How to Get Cheap Car Insurance

For many people, car insurance is a major expense category in the household budget. And because it’s against the law to drive without car insurance, it’s not a budget item that can be eliminated unless you’re willing to go car-free. That doesn’t mean, though, that you’re stuck paying sky-high rates. Here’s how to get cheap car insurance. 

Learn about personal loan rates. 

How Insurance Companies Set Car Insurance Rates

Like health insurance, car insurance comes with both premiums and deductibles. The premiums are what you pay the insurance company every month to maintain your coverage. The deductible is what you’ll pay when you start making claims, up to a certain annual cap of, say, $1,000.

It’s worth noting that most people who say they want cheap car insurance mean that they want car insurance with low monthly premiums. But, as with health insurance, there’s a risk to having a policy with low premiums and a high deductible. In the event of a serious accident, you’ll have to meet that deductible. So, one way to get lower premiums is to opt for a higher deductible, but this is only a safe strategy if you have enough liquidity to cover your deductible in the event of an accident.

When car insurance companies set insurance premium rates they take several factors into account. These include applicants’ age, gender and driving history, as well as the type of car the applicant drives and the driver’s state of residence. While you can’t change your age, there are other steps you can take to get favorable rates from car insurance companies.

Types of Coverage

How to Get Cheap Car Insurance

Insurance companies charge more for comprehensive car insurance than they do for basic coverage. In most states you’re required to have liability insurance to cover any damage you do to another car or driver. The extent of that coverage requirement varies by state. In most states, you’re not required to have insurance to cover damage to your own car, or injuries you might suffer in an accident.

If you choose to add insurance coverage for yourself, you can opt for comprehensive coverage or collision coverage. Collision coverage, as the name indicates, covers damage from an accident with another car or an object, and in the event that your car flips. Comprehensive coverage covers things like theft, vandalism and natural disasters, too.

So, while you’ll almost definitely need to buy liability coverage to cover other drivers’ damages, you might not need to buy physical damage coverage for your own vehicle. It will depend on the terms of your lease if you’re leasing a car, and on your own assessment of the risks you face.

If you’re buying a valuable new car, you’ll probably want comprehensive coverage. If you’re paying cash for an older, used vehicle, you can probably get away with a more basic level of coverage. Whatever insurance option you choose for yourself, be sure to comply with state laws relating to liability insurance for any damage you might do to another driver. Once you have a car insurance policy, carry proof of insurance with you in your vehicle at all times. 

How to Get Cheap Car Insurance Rates

How to Get Cheap Car Insurance

In the long term, one of the best ways to get cheap car insurance is to be a safe, responsible driver. The worst drivers have high rates because the insurance company needs financial compensation for the high likelihood that it will have to pay out in the event these drivers get in an accident. If you have a spotless driving record, keep it up. If you have some accidents or tickets in your past, they shouldn’t drive your rates up forever. If it’s been a few years since your last incident, you can try calling your insurance company and asking for a lower rate, using your recent, safe driving record as a bargaining chip.

Another way to get cheap car insurance is to use the same insurance company for more than one type of insurance and get a discount for your loyalty. For example, you can contact the insurance company that provides your homeowners insurance, life insurance or motorcycle insurance and ask if the company can give you a good deal on car insurance. If you have more than one car, you can bundle the insurance coverage on both vehicles.

Your credit score will also affect your car insurance rates, just like it affects the rates you’re offered when shopping for a mortgage. If your credit has improved since you last bought car insurance, you may be able to negotiate your way to cheaper car insurance. And if you pay your car insurance premiums and bills on time and in full, you’ll build up goodwill with your insurer and might qualify for promotional rates.

If you don’t drive very much during the year, you might get cheaper car insurance from a usage-based plan than you would from regular car insurance. Track your mileage before you start shopping for car insurance and see if your low mileage makes you eligible for a better deal.

If you’re under 25, you’ll pay higher premiums, all things being equal. That’s because insurance companies judge young drivers to be riskier drivers. You can get lower rates by joining your parents’ plan, or by using your good grades to get a discount on rates, if your insurance company offers that option. Once you reach your mid-20s there’s no reason to keep paying the high rates that insurance companies levy on young drivers. You can ask your insurance company to lower your rate, or shop around for insurance from another provider.

Finally, the type of car you drive can affect your car insurance rates. Big, powerful and flashy cars are more likely to trigger high car insurance rates because the insurance company assumes you’ll be more likely to speed in that kind of vehicle, and that the vehicle will be a target for theft. Vehicles with high repair costs (such as foreign-made cars) may be more expensive to cover, too. In some states, having a used car will mean lower rates because rates are affected by your car’s replacement value. But in other states, rates are based on vehicles’ safety features, so having an older car won’t necessarily help you get cheap car insurance. If your car has special safety and/or anti-theft features, you may qualify for cheaper car insurance on that basis.

Bottom Line

If you don’t have a vehicle or you’re thinking about getting a new (or used) car, it may be worth doing some research to find out which kinds of cars will get you the lowest car insurance rates. And if you’re paying a lot for car insurance now, you may be able to get cheaper coverage by negotiating your premiums or switching providers.

Photo credit: Â©iStock.com/andresr, Â©iStock.com/ipopba, Â©iStock.com/kate_sept2004

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A September State of Mind

Hi friends. So sorry to go completely MIA on you. Between attempting online school with a five-year-old, much of California burning to the ground, and the general state total chaos in which we find ourselves, getting to the computer for any length of time has been a bit of challenge, to put it mildly. And then I blinked and summer is officially over.

But I had to finally get on here as I have big news for you!

They say you shouldn’t make major life decisions during times of extreme stress, right? Well, we decided to throw all caution to the wind and instead have purchased a coastal cottage in Washington State! Apparently a global pandemic, homeschooling a kindergartner and the most consequential presidential election of our lifetime wasn’t enough to keep me busy.

coastal cottage mood board on Apartment 34

In all seriousness, if the past seven months of Covid have taught us anything, it’s the importance of friends and family and so we decided to create a gathering place that can bring together those we love most for years to come. Nestled within the myriad of inlets and islands that dot the Puget Sound north of Seattle, the cottage enjoys sweeping views of the Olympic mountains and Hood Canal. I consider it my official respite from the impending doom. Sadly it looks nothing like the inspiration images I’ve collected here.

Instead, it is going to take a LOT of work to get our little coastal cottage visitor ready – and in a very short period of time. Over the coming weeks, I plan to take you along on the entire design journey. I will be sharing everything with you – from the cottage’s current state, to all of my design inspiration and through the remodel process. If all goes according to plan, I’ll share a major before and after reveal in time to spend the holiday season with our family rather than more than 800 miles away.

coastal cottage mood board on Apartment 34

Trust me, we’re going to have plenty to discuss, as I have to pick an entire household’s worth of things – from paint colors and kitchen cabinets down to dishware, bedding and everything in between. No design decision will be left unturned. It’s both exhilarating and incredibly daunting. These mood boards are just part my first ideation session for my dream vibe.

I’m hopeful sharing this process with you will offer you some fresh design ideas and positive inspiration as we all hunker down to weather what will undoubtedly be a stormy fall – be it literally or just politically. It’s been a rather dark year and I feel like this might be a way to share a little bit of light. I know I am very happy for the creative distraction. I hope you are too.

I can’t wait to share more very soon!

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How to Remove Permanent Marker From Any Surface

Permanent markers are essential in every craft room and household.

They are great for creating lasting memories through artwork, writing labels on metals and plastics to help keep your home organized and even covering up scuffs on shoes.

Although the name suggests otherwise, if you accidentally get permanent marker on a surface you didn’t intend, or one ends up in the hands of a very young, but very inspired creative, there are ways to remove it.

Permanent marker can be removed from a variety of surfaces using basic household cleaners and materials. So grab an old towel or washcloth that you don’t mind the strain potentially transferring onto, and follow the instructions below to learn how to remove permanent marker from any surface.

  • Remove from plastic
  • Remove from clothes
  • Remove from wood
  • Remove from skin
  • Remove from other surfaces

How to remove permanent marker from plastic

writing leftovers on plastic container with permanent marker

If you had used a permanent marker to label a plastic item and now want to alter that label, you can use a dry-erase marker to remove the writing. A dry-erase marker works well for getting permanent marker off of plastic because it contains rubbing alcohol.

Follow these steps:

  1. Color over the permanent marker with the dry-erase marker
  2. Wipe away
  3. Repeat the process if needed

How to remove permanent marker from clothes

using hairspray to remove a stain from a shirt

If you got a permanent marker stain on one of your favorite clothing items, don’t fret. There are a number of different methods you can use to get it out of different clothing fabrics. Below are tips for removing permanent marker stains from cotton, leather and wool.

Cotton

Hairspray is an effective way to remove permanent marker from cotton. Be sure that the hairspray contains alcohol, as not all hairspray products do, and this component is critical for removing the stain.

Follow these three steps to clean your cotton item:

  1. Apply hairspray to the area until it feels wet
  2. Let it sit for 15 minutes
  3. Put clothing item in the washing machine without other items in case the stain bleeds
  4. Run on warm with detergent

Leather

You can remove permanent marker from leather, without damaging the fabric, using white vinegar.

Follow these three steps to clean your leather item:

  1. Dab vinegar onto the stain with a cloth
  2. Let it sit for a few minutes
  3. Use the same cloth to wipe off the stain using a circular motion

Wool

Hairspray is also an effective way to remove permanent marker from wool. Instead of tossing the item in the wash after setting the stain with hairspray, you can handwash it to prevent damage to the item.

Follow these steps to clean your wool item:

  1. Apply hairspray to the area until it feels wet
  2. Let it sit for 15 minutes
  3. Hand wash the item with cold water

How to remove permanent marker from wood

removing permanent marker from wood with toothbrush

Not only does toothpaste fight stains in your mouth, but it can also fight stains on your wood furniture or floors. The abrasive quality of toothpaste helps to gently remove the dye without dissolving it. It’s best to use a baking soda toothpaste, but if you don’t have one you can simply mix baking soda with the toothpaste you have. Skip the gel toothpaste, it won’t work.

Here’s how to do it:

  1. Apply toothpaste to a cloth or you can even use an old toothbrush!
  2. Rub into the wood, going with the grain
  3. Repeat as needed

How to remove permanent marker from skin

using hand sanitizer to remove permanent marker from hand

It turns out that hand sanitizer not only can clean your hands of germs but also can be used to remove permanent marker from your skin:

    1. Squirt a dab of hand sanitizer into your hand or on a cloth
    2. Rub directly into the stain
    3. Wipe away with a cloth

How to remove permanent marker from other surfaces

putting rubbing alcohol on a cloth

If permanent marker ended up on one of your upholstered furniture pieces, a stainless steel appliance, wall, carpet or glass item, you can remove the stain using the techniques we breakdown below.

Upholstery

Use rubbing alcohol to remove permanent marker from upholstery. It’s best to blot the area with the rubbing alcohol instead of rubbing as it’s possible to actually massage the stain further into the fabric.

Follow these simple steps using rubbing alcohol:

  1. Apply rubbing alcohol to a clean cloth
  2. Blot the area
  3. Wash away the remaining rubbing alcohol using a clean damp cloth

Metal

Similar to plastic, dry-erase markers work well to remove permanent marker from metal. So if permanent marker ends up on one of your stainless steel appliances, follow the steps below. Keep in mind, you may have to repeat this process a couple of times to fully remove the stain.

  1. Color over the stain with a dry-erase marker
  2. Wipe away

Wall

Toothpaste for the win, again! Toothpaste also works great for removing permanent marker from walls without causing damage. As previously mentioned, skip the gel toothpaste and ideally choose one that contains baking soda. Then follow these steps:

  1. Apply toothpaste directly to the wall stain
  2. Allow it to sit for 5–10 minutes
  3. Scrub the mark in a circular motion
  4. Wipe the remaining toothpaste away with a damp cloth

Carpet

To remove permanent marker from the carpet, just like with upholstery, you can use rubbing alcohol. Remember, blot the area with the rubbing alcohol instead of rubbing so you don’t rub the stain further into the carpet. Follow these steps below:

  1. Apply rubbing alcohol to a clean cloth
  2. Blot the area
  3. Using a damp, clean cloth, wipe away the remaining rubbing alcohol

Glass

If permanent marker ends up on one of your glass items, such as a window or mirror, you can remove it with nail polish remover or rubbing alcohol by doing the following:

  1. Apply remover of your choice to a cloth
  2. Rub the strain
  3. Use a clean cloth and a multipurpose or glass cleaner to wipe away

Dry-erase boards

In addition to working well to remove stains from walls and plastic, dry-erase markers can be used to remedy a situation where you may have mistakenly used permanent marker on a dry-erase board. In two steps, you can pretend as though nothing ever happened:

  1. Write over the stain with a dry-erase marker
  2. Wipe away with a clean cloth

Few things in life are truly permanent

You may have to repeat the steps laid out above a few times to be successful, but with a little effort and patience, you can remove most permanent marker stains. For additional cleaning hacks, be sure to check out our cleaning and maintenance tips.

The post How to Remove Permanent Marker From Any Surface appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

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A Quick Guide to the Difference Between Medicaid & Medicare

Medicare and Medicaid may sound alike, but the health insurance programs are wildly different. Here's a quick primer.

Medicare and Medicaid may sound alike, but these government health insurance programs are dramatically different from one another. Here’s a brief overview.

What Is Medicare?

Administered by the federal government, Medicare is a health insurance program primarily for adults who are 65 years of age or older and have paid into the Social Security system for at least 40 quarters (about 10 years). An individual who lacks the necessary work credits can also benefit from the program through their spouse, as can individuals who are younger than 65 but have received Social Security Disability Insurance payments for at least two years.

What Medicare Covers

There are different parts to Medicare that make it a veritable “alphabet soup.” For example, Medicare Part A covers mostly in-patient hospital care and provides a minimal benefit for skilled nursing care and hospice care. Medicare Part B covers the costs of outpatient care, such as doctors’ visits, lab tests and preventative care. Medicare Part C is the Medicare Advantage program and an alternative to Medicare parts A and B.

Like most types of insurance, Medicare parts A, B and C include co-pays and deductibles. Generally, the amount of income you earn and the amount of assets you own are irrelevant for participation, so paupers, billionaires and everyone in between can be eligible.

Surprisingly, given that Medicare is primarily a program for individuals 65 and older, the program covers just a small portion of the cost of a nursing home stay. At most, it fully covers the costs associated with the initial 20 days of a stay and provides only partial coverage for the next 80 days. In addition, for a stay to be covered, a patient must meet certain requirements.

For example, the patient must have been hospitalized for at least three consecutive days directly prior to receiving care at a nursing home and that care must be considered medically necessary. Because of these requirements, patients or their families are often forced to pay out of pocket for nursing home care or seek relief from Medicaid.

What Is Medicaid?

Medicaid (known as Medi-Cal in California) is a federal-state program. It primarily acts as a safety net for those who can’t pay for healthcare.

Seniors can participate in Medicaid if they pass three tests: a medical necessity test, an asset test and an income test.

The medical necessity test requires that skilled nursing care is necessary to address the patient’s medical needs. The asset test places strict limits on how much property a patient and the patient’s spouse can own while benefiting from Medicaid. The income test limits how much individuals and couples may earn to be eligible for Medicaid.

There are ways to get around these eligibility tests if you or a loved one can’t pass them but want Medicaid to help pay for the cost of a nursing home stay. However, doing so may require the help of an attorney who practices elder law. A relatively new kind of law, elder law can help individuals preserve their assets and qualify for Medicaid. (Disclosure: The Wiewel Law firm, in Austin, Texas, specializes in estate planning.)

Remember, Medicaid planning is a complicated process and even a small error can mean the program will refuse to help pay for the cost of a nursing home stay. Be sure to speak with an expert if you have concerns.

Image: shapecharge

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The Basics of Medicare Eligibility

How does Medicare eligibility work?

Medicare is a federal health insurance program widely used by U.S. citizens and permanent residents age 65 and older. The program also applies to those younger than age 65 who have disabilities, end-stage renal disease (ESRD) or other diseases. But Medicare has multiple parts, and the eligibility requirements vary for each. 

Who Is Eligible for Medicare?

U.S. citizens or permanent residents who’ve lived in the U.S. for more than five years qualify for Medicare if they’re age 65 or older. Those younger than age 65 also qualify for Medicare if they disabilities or life-threatening diseases.

Medicare Eligibility for People Over 65

If you’re age 65 or older, you can get Part A coverage without paying premiums, as long as you or your spouse worked and paid Medicare taxes for at least 10 years, according to the U.S. Department of Health and Human Services. In order to skip the premium payments, though, one of the following must apply to you:

  • You are receiving Social Security or Railroad Retirement Board retirement benefits
  • You are eligible to receive Social Security or Railroad Retirement Board benefits but have not collected them
  • You or your spouse had a Medicare-covered government job

Being eligible for Part A coverage also guarantees your eligibility for Part B Medicare coverage. The only difference is that you’ll have to purchase Part B coverage. However, if you’re receiving Social Security or Railroad Retirement Board benefits at least four months prior to turning 65, you’ll be automatically enrolled in Part B.

Medicare Eligibility for People Under 65

If you’re under age 65, you can enroll in Medicare if you:

  • Have received Social Security Disability Insurance (SSDI) checks for at least 24 months
  • Have been diagnosed with end-stage renal disease (ESRD)
  • Have amyotrophic lateral sclerosis (ALS)
  • Have permanent kidney failure which requires dialysis or a transplant

You’ll automatically receive Part A and Part B coverage if you’ve either gotten disability benefits from Social Security for 24 months, or if you’ve received certain disability benefits from the Railroad Retirement Board for 24 months, according to medicare.gov.

Medicare Eligibility for Part C and Part D

Medicare Part C is a Medicare health plan that’s typically offered by private insurance companies. Also known as Medicare Advantage, you’re eligible for Part C if you’re enrolled in Part A and Part B, you don’t have ESRD and the option is available in your area. These plans include health maintenance organizations, preferred provider organizations, special needs plans, private fee-for-service plans and Medicare medical savings account plans.

Offered by private insurance companies, Medicare Part D provides prescription drug coverage. You’ll need to be enrolled in Part A or Part B to be eligible. You won’t be eligible, however, if you’re enrolled in Part C coverage.

Bottom Line

Eligibility requirements for Medicare vary based on a number of different factors such as age and medical history and condition. This is why it’s crucial to do your research so you can determine which parts of Medicare best align with your retirement savings goals.

Retirement Planning Tips

  • Not sure you’re saving enough for retirement? Our retirement calculator can help you determine your estimated Social Security benefits, how much money you need to retire and how much annual income you’ll need in retirement.
  • A financial advisor can offer advice on any of your Social Security, Medicare or retirement savings needs. SmartAsset’s free financial advisor matching tool connects you with up to three local advisors.

Photo credit: ©iStock.com/filadendron

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