Both Medicaid and Medicare were established on a federal level through the Social Security Amendments of 1965, which were initially signed into law by President Lyndon B. Johnson. Medicaid was intended to provide health insurance for people with low income while...
Most U.S. citizens become eligible for Medicare when they turn 65. They are typically automatically enrolled in Medicare Part A once they begin receiving Social Security benefits. Enrollment in Medicare Part B requires a more formal application process, as do the...
Although nationalized health insurance was initially proposed as far back as 1945 (by then president Harry Truman), it wasn’t until 20 years later that Lyndon B. Johnson would sign the Medicare and Medicaid Act into law. It was intended to address a challenge...
Yes – but for the most part seniors who are eligible for Medicare can find comprehensive and competitively priced health insurance within the Medicare framework. The expansions to the Medicare system in recent decades, most notably Medicare Part C (Medicare...
One of the most valuable gifts you can give to your children costs you nothing but your time and guidance – financial literacy. Explaining things like debt, borrowing and interest rates to your children at an early age won’t necessarily equip them with the knowledge...
There are many Phoenix-area workers and soon-to-be-retirees who understand the often precarious nature of generational wealth. If you’re experiencing restless nights worrying about both foreseen and unpredictable threats to the wealth you’ve spent a lifetime accruing,...
