Burden Archives - DR News - News, Retirement, Finance

Burden: Elderly Patients Struggle to Navigate Complex Health Care System and Services

Sudbury, Massachusetts – A routine trip to collect the mail turned into a painful experience for Susanne Gilliam, 67, when she slipped on black ice in January. The resulting injury to her left knee and ankle set off a chain of events that highlighted the challenges faced by many individuals navigating the complexities of America’s healthcare system. Seeking treatment for her ankle, Gilliam encountered hurdles and delays as she tried to coordinate care at a …

Pension Rights of Retirees at Risk: How De-risking Shifts Financial Burden onto Workers

DETROIT, MI – Companies in the United States have been shifting their pension obligations to insurers, lessening their own financial risk while leaving former employees to bear more of the burden. This trend, known as pension de-risking or pension stripping, has raised concerns about the potential impact on retirees nationwide. Corporate de-risking involves transferring the responsibility for delivering retirement income promised by defined benefit pension plans to insurance providers, private equity funds, or other financial …

Tax-Free Social Security Benefits Bill Aims to Ease Financial Burden on Seniors

WASHINGTON, D.C. – A new bill is being introduced in Congress that aims to make Social Security benefits tax-free for seniors. The proposed legislation would provide relief to retirees by eliminating taxes on their Social Security income. Currently, about 12 million seniors pay federal income tax on their Social Security benefits, according to the Senior Citizens League. The new bill, known as the Social Security Tax Freedom Act, seeks to change that by exempting Social …

Stock Market Surge Could Increase Tax Burden for Retirees, Experts Warn

The surging stock market in New York, NY could spell trouble for some retirees as it may push them into a higher tax bracket, according to experts. As the S&P 500 index soared by 24 percent at the end of the year, it offered a welcome boost for many 401(K) accounts but posed potential problems for retirees who rely on their nest eggs for daily expenses. The issue, experts caution, is that older Americans are …

Social Security Tax Elimination Bill Proposed to Ease Financial Burden on Seniors

Shakopee, Minnesota – As senior citizens face challenges related to their finances, U.S. Representative Angie Craig has introduced a new bill called the “You Earned It, You Keep It Act”, aimed at eliminating the federal tax on Social Security benefits. With many seniors having to make tough decisions on their limited budgets, the legislation is designed to provide more financial relief to those on fixed incomes. This move comes as retired individuals like Sally Hokkanen …

Policies on COVID-19 in Nursing Homes and Home Healthcare Agencies Do Not Guarantee Lower Disease Burden, Study Finds

New York City, NY – A recent research letter published in JAMA Network Open highlights the findings of a study conducted by a team of researchers from Columbia University concerning the impact of COVID-19 policies on nursing homes (NHs) and home healthcare agencies (HHAs) across the United States. The research team examined 38 COVID-19 policies implemented by state and territory governments between March 2020 and July 2022, with a focus on NH- and HHA-specific measures. …

Healthcare Costs Burden 2.2 Million Ohioans Despite Increase in Insurance Coverage

Columbus, Ohio – Over 2 million Ohio residents struggle to access affordable healthcare, with many families spending a significant portion of their household income on out-of-pocket medical costs. Despite an improvement in insurance coverage over the past decade, a report by the nonpartisan Health Policy Institute of Ohio revealed that 1 in 5 Ohioans faced financial burdens due to healthcare expenses in 2021. The study compared Ohio’s health outcomes and healthcare spending to other states, …

Strategies for 2024: Understanding Social Security Benefits Taxation and Minimizing Tax Burden from The Motley Fool

New York – As the economic landscape continues to shift, many individuals are seeking guidance on how to navigate the complex world of investment and retirement planning. One organization at the forefront of providing valuable insights is The Motley Fool. Founded in 1993, The Motley Fool offers a range of services, from premium investing solutions to free guidance, market analysis, and podcasts. Its latest offering delves into the intricate world of Social Security benefits taxation …

Debt: Michigan Health Care System Takes Action to Ease Medical Debt Burden

Detroit, Michigan – The burden of medical debt in the United States continues to weigh heavily on millions of Americans, with Michigan being no exception. As individuals struggle to pay off medical bills, health care systems in Michigan are implementing programs to help alleviate this financial strain. One particular Michigan health care system has taken a proactive approach to address the issue of medical debt. By offering financial assistance and flexible payment plans, they aim …

Healthcare Burden: The Struggle of Coordinating Senior Medical Care

Sudbury, Massachusetts – When seniors like Susanne Gilliam, 67, encounter health issues that require coordination across multiple medical providers, the challenges can be overwhelming. In Gilliam’s case, a slip on black ice led to a complex web of appointments and treatments that consumed her time and energy. This scenario is all too common in America’s healthcare system, where older adults can find themselves struggling to navigate the various specialists and services needed for their care. …