Health planning – NE Florida Counts

GAD Capital Identify 4 Possible Expenses You Could Face in Retirement

Paul J. Prim — Wed, 06 Apr 2022 10:14:41 +0000

Your retirement planning may be a time when you must make forecasts. While the majority of your expenses will remain the same, some areas with high costs can impact your budget. The more you are aware of your expenditures and the better prepared you are to cover the costs.

The four following points to remember when you are contemplating retirement:

Health care

A couple aged older than 65 will require about $300,000 in savings after-tax to cover expenses related to health following retirement, as per the 2021 study published by Fidelity. Fidelity participates in NerdWallet. “And that’s just for regular health care,” says Michelle Gessner, a certified financial planner from Houston. “That’s the situation but without taking into consideration the unintentional treatment for chronic illnesses. “

The price for the services you will receive will depend on the place you live in and the length of time you’ve lived in the area, as well as your overall health. Make sure you take proper care of your health and avoid diseases such as Diabetes type 2. This can help reduce the price of the service you’re receiving.

Another flaw in the system of healthcare that’s creating problems for patients. Medicare costs are higher when your earnings are higher than the price. For instance, if you’re married and earn an income that is greater than 182,000 in 2020, you’ll have to pay as much as 40 % more Medicare Part B costs per month. In 2022, it is estimated that the cost will be about $4,000 annually for couples.

“It creeps up,” says Laurie Burkhardt, a CFP who lives in Boston. “And it’s not difficult to believe that you can reach this amount of money as you get to the point at which you’re required by law to take withdrawals from your IRA. “

Long-term care

people who live to their 80th birthday have one in four chances to get health insurance later on. The cost isn’t affordable. The cost for an elderly living facility is $4500 per month, basing the cost on. The price of a health aid at home is $27/hour but the expense is significant.

“That’s pretty reasonable if you only need a few hours of care per week,” says Patti Black, a CFP in Birmingham, Alabama. “That calculation becomes more difficult when you need more attention. “

Certified financial advisors who have been certified to assist clients in estimating the costs throughout treatment for long-term illness to ensure that their savings will can be sufficient to cover the costs. “I talk with clients about whether long-term care insurance should be part of their financial plan to transfer some or all of this risk,” Black says.

Dental dental

The average person who is on Medicare that receives dental care received nearly $900 per year from their pockets, according to information obtained from the Kaiser Family Foundation. One in five Medicare patients has paid more than $1000 in dental costs.

Original Medicare does not cover many routine oral procedures. About 47 percent of Medicare patients aren’t covered by this dental plan. However, the loss of gums or teeth, as well as oral cancer are among the main concerns for those getting older, and finding the best dental insurance plan can be difficult.

“Dental procedures can be a rude awakening,” Burkhardt declares. “I’m experiencing the same thing moment with my husband, who is retired and getting an implant to replace his teeth. He is shocked by the expense of the out-of-pocket costs. “

Prescription drugs

From 2015 to today, there was at least one million participants from Medicare Part D experienced an expense for prescription drugs until they exceed what is considered to be the minimum threshold required for catastrophic health insurance. The threshold is $7,050 in 2022.

When you suffer from an illness that requires specialized treatment, such as Multiple Sclerosis (MS) Hepatitis C, or cancer, the cost out of your pocket can be very costly. Once you’ve been diagnosed with a serious illness, you’ll be accountable for an unintentional cost of coinsurance or copays on any medication you’re taking and there’s no limit on the amount you can save for yourself in Medicare Part D. This can be raised if the medication costs a lot.

“My dad has rheumatoid arthritis, and his drugs cost $6,000 per month,” says Tess Zigo, a CFP in Palm Harbor, Florida. “What retired person can manage $6,000 per month to pay for prescription medications? “

What to do

As per GAD Capital, “A financial consultant who specializes in retirement planning could be able to assist you to develop a strategy for your finances so that you are informed of health-related expenses as well as others. If you’re not sure of the insurance coverage available and what options you have, they may aid in determining the best way to manage unexpected costs like long-term-care policies or insurance which is hybrid, such as life insurance and the riders for extended-term care. “

A policy of insurance that meets your requirements concerning Medicare Supplement plans to dental and drug insurance is crucial.

Atrium Health is planning a $1.5 billion innovation district: 5 new details

Paul J. Prim — Wed, 10 Nov 2021 08:00:00 +0000

On Nov. 9, Charlotte, North Carolina-based Atrium Health revealed new details about its $1.5 billion Innovation District that will surround its future medical school, Wake Forest University School of Medicine Charlotte. , according to The Charlotte Observer.

Five things to know:

The medical school is expected to open in 2024. Charlotte is the largest city in the United States without a four-year medical school, according to Atrium.
The Innovation District will include four research towers, an education building, 1.4 acres of open space in front of the education building, two parking lots with a total of 2,000 spaces, a 350-unit residential tower, a hotel, mixed-use land and 17,800 square feet of retail space on the ground floor.
The system is asking Charlotte and Mecklenburg County for $75 million. The money could be used to establish an 800-space parking deck, 4,358 feet of new or improved roads, four new intersections and other infrastructure works, according to a presentation from the county at the council meeting. commissioners.
The Innovation District is expected to create 1,853 jobs in 2025, according to a county analysis.
As part of the Innovation District, Atrium Health announced it would donate 14 acres in Charlotte’s NoDa neighborhood worth approximately $25 million to Inlivian, the city’s housing authority. . The land is adjacent to 14 acres owned by Inlivian, and the 28 acres will be used for approximately 400 affordable housing units.

Atrium Health plans $300 million innovation district with medical school

Paul J. Prim — Thu, 26 Aug 2021 07:00:00 +0000

Atrium Health, based in Charlotte, North Carolina, is planning its innovation district in Charlotte, North Carolina, where it will build a four-year medical school, innovation and research center, according to an August 24 Charlotte’s Business Diary report.

The innovation hub is set to become a life sciences hub. Atrium Health will leverage its existing relationships in Charlotte to create a pipeline of partner community colleges and other organizations to source talent, said Hillary Crittendon, business development manager at Atrium Health.

The innovation district will be a compact urban area combining offices, shops and housing. Tenants will be screened by a property development company to ensure they contribute to the neighborhood, according to the report.

For example, a dental office would not be suitable, but smaller research firms would, as they can scale into larger operations, the report says.

The medical school will be 300,000 square feet in size and 18 stories high. The research building is expected to be 250,000 square feet and 10 stories tall. The innovation and research building will be connected to the faculty of medicine. The three buildings and parking garage will exceed $300 million and take eight to ten years to complete.

As Nurses Are in High Demand, Baptist Health’s Career Planning Fair

Paul J. Prim — Wed, 11 Aug 2021 07:00:00 +0000

JACKSONVILLE, Florida. – Demand for nurses is high, and in a week Baptist Health plans to hold a job fair to recruit more people.

According to the Bureau of Labor Statistics, the United States will need 1.1 million more nurses by 2022 to meet the current shortage.

As more people test positive for COVID-19 and are admitted to hospitals, the demand for nurses continues to rise.

“I hear all the time, you know, they offer better pay, but it’s not worth my life,” said Dr Chelsea Fore, of the FSCJ School of Nursing.

The shortage is not surprising for Fore, who spent 24 years in nursing.

“COVID has definitely hit hard and certainly made us see a bigger gap in our patient-to-nurse ratio,” she said.

The gap also affects nursing students.

Fernanda Ponce is a student at Jacksonville University School of Nursing. She says there are fewer educational opportunities for nursing students because there aren’t enough nurses to teach.

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“There aren’t enough places to practice, there aren’t enough places for students in the classroom, there aren’t enough teachers to teach us,” Ponce said.

Baptist Health hours of operation and job fair will be on August 19. This is for licensed practical nurses who must first confirm their attendance.

New York’s Comprehensive Council on Public Health and Health Planning Meets Again Virtually – New York State Government: Week in Review | Manatt, Phelps & Phillips, LLP

Paul J. Prim — Tue, 11 Aug 2020 07:00:00 +0000

On July 30, 2020, the Public Health and Health Planning Council (PHHPC) Codes, Regulations and Legislation Committee and the full council met. PHHPC heard a report from Dr. Howard Zucker, Commissioner of the New York State Department of Health (NYS DOH), which included a review and update regarding the state’s ongoing efforts to New York in response to the COVID-19 pandemic. Dr. Zucker invited PHHPC to share any suggestions for continuing to fight the spread of COVID-19 based on his many years of experience.

Dr. Angel Gutierrez, Chair, reported on the Codes, Regulations and Legislation Committee. Specifically, the following three regulatory proposals were discussed and received votes in favor of their adoption:

Amendments to various sections of the regulations regarding the reduction of annual TB testing of healthcare workers to eliminate serial testing and focus on individual risk assessment and encourage treatment of individuals with untreated latent TB infection, which reflects current recommendations from the Centers for Disease Control and Prevention.
Amendment to 10 NYCRR 709.14 – Cardiac Services, which updates the current Adult Cardiac Surgery Certificate of Need Regulation to be consistent with the recommendations of the Regulatory Modernization Initiative.
Amendments to various sections of NYCRR Subpart 5-1 to incorporate maximum contamination levels for three additional contaminants.

Dr Buford announced that on August 12 there will be a series of joint Public Health Committee and Health Planning Committee meetings. Specifically, there will be two panels focusing on primary care, one on community health centers and the other on public health with geographic diversity and diversity of experience. The purpose of these meetings is to collaborate, gather information, and raise awareness of issues in the public arena that can lead to interventions, actions, and potential improvements in health systems in the future. The sessions will be guided by the following three expanded questions: (1) What are the needs and demands that have been felt in primary care and local health services during the COVID-19 pandemic? (2) What are the lessons learned to prepare for a possible new epidemic or resurgence of an epidemic? (3) What could be applied from these learnings in terms of building capacity and/or enabling primary care and public health systems to respond more effectively to the creation of an integrated system? Throughout the discussions, the committees will also emphasize the needs of vulnerable populations. There will be a second session during the month of August, which will be announced later.

The meeting concluded with a report from Peter Robinson, Chair, on the Project Establishment and Review Committee. All agenda items were approved.

Meeting materials and the webcast can be accessed on the NYS DOH website.

The next meetings of the PHHPC will take place on September 24 and October 8.