affordability Archives - DR News - News, Retirement, Finance

Social Security Check: Ranking the 24 Worst Big Cities to Live in Based on Affordability

New York, New York – For many seniors relying solely on Social Security benefits, the decision of where to live becomes crucial. A recent report highlights the 24 worst big cities for those trying to make ends meet on just a social security check, shedding light on the challenges faced by this demographic. The study took into account factors such as the cost of living, healthcare access, and overall quality of life in determining which …

Health Care Affordability Legislation in California – Will it Succeed?

Sacramento, California – Californians are facing a pressing issue of health care affordability, with Assemblymember Jim Wood emphasizing the importance of addressing this issue seriously. Wood’s initiative in creating the office dedicated to affordability in 2022 highlights the state’s commitment to helping its residents overcome tough financial decisions, such as choosing between putting food on the table and purchasing necessary medications. The responsibility now falls on health care organizations to lower costs by targeting inefficiencies …

Health Advocates Push for HUSKY Age Limit Increase in Connecticut, Citing Accessibility and Affordability Issues

New Haven, Connecticut – Health care advocates in Connecticut are pushing for an increase in the age limit for undocumented immigrants eligible for the state’s Medicare program, HUSKY. Currently, undocumented individuals up to the age of 15 are eligible, and there are discussions in the General Assembly to raise the age limit to 18. Yenimar Cortes, an organizer for Connecticut Students for a Dream in New Haven, highlighted the challenges faced by undocumented individuals in …

Affordability Benchmark Urged to Tackle Rising Massachusetts Health Care Costs

Boston, Massachusetts is known for its prestigious medical institutions; however, access to affordable healthcare in the state is becoming increasingly challenging. Despite efforts to control the overall cost of care, consumers are not always seeing the benefits of these savings. The Massachusetts Health Policy Commission and the state Legislature are working to establish an affordability benchmark to track how much consumers are spending on healthcare. This measure aims to hold the healthcare system accountable for …

Here Are the Best and Worst States to Retire This Year

Choosing the perfect retirement destination is a critical life decision that varies from person to person. Whether you’re drawn to beachfront serenity, mountainous tranquility, or proximity to family, it’s easy to feel overwhelmed by the array of options. Retirees have historically flocked to states with warmer climates and lower living expenses, such as Florida and Arizona. However, the results of Bankrate’s latest study suggest other options worth considering than conventional retirement hotspots. Bankrate’s study includes …

Healthcare Transformation: New Mexico Governor Signs Landmark Legislation to Improve Access and Affordability

Truth or Consequences, New Mexico – Governor Michelle Lujan Grisham recently signed legislation aimed at improving healthcare affordability and accessibility for residents of New Mexico. The governor emphasized the importance of tailored healthcare approaches, especially for rural communities, Medicaid beneficiaries, and public employees in the state. During a ceremony at Sierra Vista Hospital in Truth or Consequences, Governor Lujan Grisham signed several healthcare bills that are expected to positively impact a wide range of New …

Robo-Advisers: Paving the Way to Retirement Bliss for the Tech-Savvy Generation

Robo-advisers, computer algorithms that provide automated investment advice and portfolio management, are increasingly gaining importance for the next generation of retirees. As retirement planning becomes more complex and individualized, robo-advisers offer many benefits, making them an attractive option for retirees seeking efficient, cost-effective, and personalized financial management solutions. Here are some of the key reasons why robo-advisers are becoming more significant for the next generation of retirees. #1 Accessibility and Affordability : Robo-advisors provide access …

Healthcare Affordability Takes Center Stage in Gov. Lamont’s New Budget Proposal

HARTFORD, Conn. – In Connecticut’s newly proposed budget, Governor Ned Lamont’s administration is doubling down on their efforts to make healthcare more affordable for state residents. The proposal acknowledges the significant economic burden healthcare places on individuals, employers, and taxpayers in the state. With a historically poor track record on healthcare reform, the administration’s commitment to addressing these challenges is evident in their latest budget proposal. One of the most notable proposals in the budget …