Baby Boomers- Insurance

Health Insurance costs continue to rise faster than the rate of inflation, posing significant strain on retirees who plan to live on a fixed income. OTRS will pay $100-$105/month to supplement these costs for members who have at least 10 years of credible service. Take a close look at all your options before retirement, including the high deductible option. Members will switch to Medicare at age 65 and will receive the same OTRS supplement to offset the Medicare Supplement.

Employees Group Insurance Department (EGID) (Health Choice Insurance Costs)

The U.S. Department of Health and Human Services reports that at almost 70% of people over age 65 are expected to need long-term-care services at some point in their lives. This would include assisted living, home health, or assisted nursing care. Do not underestimate the cost of this care. Long-term-care insurance policies are designed to protect a spouse’s income and your hard earned assets. They attempt to preserve your standard of living, independence, choice, and dignity. Contact us today for an explanation on how the cost of this insurance can be manipulated to fit your needs.

Your DNA Test If you have a family that relies on your income, it’s critical to know what their needs would be in the event of your death.

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Lifetime of Earnings Estimate how much you have the potential to earn during your working years.