What's The BloomerBoomer Focus for 2014

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Affordable Health Care, Medicare and Financial Health have converged in 2014. They will remain the big uncertainty for the New Year.

The Convergence of Health Care and Financial Health in 2014

Two great issues of importance in 2014 is the health of our medical care and the financial health of people over 55. That is what we will focus on at BloomerBoomer.com for the coming year.

For people who do not yet qualify for Medicare, Affordable Health Care will improve health coverage, although the jury is still out. But ACA will bring immediate relief for those people with pre-existing health conditions. In the case of Medicare eligible recipients, there will be a gradual increase in premiums. We will closely follow Medicare and report on it.

The other area of focus is financial health for people in retirement and others who are nearing that milestone. The financial crisis of 2008 plus a low rate of return on investment accounts have really walloped leading edge baby boomers.

All the great gains in the stock market last year, only benefited a small percentage, mostly upper income investors. All that is further complicated by the wave of cutbacks in the workplace among older people in the labor force.

The fact is financial health or physical health would be the top issues in any given year. But 2014, is different. Affordable Health Care continues in a theater of uncertainty. Medicare, at this point is on more solid ground, but with the atmosphere in Washington D.C., no one can take anything for granted.

Except for individuals with immense savings or robust pensions, questions of financial health will linger for many years. We at BloomerBoomer.com will follow it closely.

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Andy Asher
Bloomer Boomer
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Andy Asher
Bloomer Boomer
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