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Many workers aged 65 and older are delaying retirement due to the economic state of our country, approximately 430,000 to be exact. This is a 45% increase from last year according to the Bureau of Labor statistics. Severe market losses are among one of the main reasons why seniors are continuing to work well...
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Many people were victims of Bernard Madoff’s fraud and have lost a considerable amount of income due to this scheme. Originally, Madoff victims were not included in the above categories of life changing events. As of June 9, Social Security determined that "if someone had a reduction of income as the result of criminal...
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President Barack Obama announced on Monday that he plans on closing the gap in prescription drug coverage for senior citizens.
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A new study, conducted by Queen’s University in Belfast, Ireland shows that a specific amount of vitamins and other nutrients can slow down the rate of sight loss in AMD (age-related macular degeneration). AMD is a major cause of blindness in the elderly that destroys sharp, central vision which is needed for seeing objects...
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Smart car? That’s an understatement. BMW, along with Mercedes and Volvo, are developing cards with a wide range of technology intended to make driving safer for seniors. BMW’s model is a car that will safely guide itself to a stop in case the driver suffers a heart attack or other medical emergency such as...
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The American Medical Association let Congress know on Wednesday that it opposes creation of a government-sponsored insurance plan that is strongly supported by President Obama and many other democrats. The association, which is made up of both doctors and employers, opposes the government-backed plan that would compete with private insurers because a public plan...
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According to a study done by the University of California, Los Angeles and the University of Plymouth in the U.K., many Medicare beneficiaries find it hard to choose the most cost-effective Medicare Part D plan when there are so many plans to choose from. Beneficiaries often choose unnecessarily expensive plans and don’t realize that...
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Peter Bach, a pulmonary specialist at Memorial Sloan-Kettering Cancer Center, has an interesting solution for some of Medicare’s problems. In an op-ed column in Wednesday’s New York Times, Bach claims that while medical specialists increase in a given area, medicare costs go up but but patient satisfaction, quality of care and convenience remain the...
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Many questions have been raised on how to overhaul the US health care system. Just recently in an interview with The Seattle Times, Sen. Max Baucus (D-Mont.) discussed a few options Congress is considering to finance the massive health care reform. “A number of ways are under discussion. It could be a combination of...
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