IN THE SPOTLIGHT NuEar Heaing Center

We are please to announce our newest advertiser in the 

SPOTLIGHT Senior Services & Living Options Resource Guide

NuEar Hearing Center was founded on two simple truths- that hearing is a vital sense which plays a significant role in your quality of life and that hearing loss affects everyone uniquely. That’s why we work to solve hearing problems one individual at a time.

From the moment you walk in our front doors in Tucson, to the moment you walk out- We guarantee precise care and satisfaction. We understand that the journey to better hearing begins with a partnership with a hearing health specialist that understands the difficulties hearing loss places on one’s life. We have the knowledge and technology to guide you towards a hearing aid that will fit your unique lifestyle. We do all of this with the utmost care and respect because we know that Tucson is a place worth hearing.

Conveniently located off of East Grant Road, we are proud to serve our Tucson community in their journey to better hearing.

Russell Broadhead, BS, HIS

Hearing Instrument Specialist
License #HADR9827

Hello Tucson!! My name is Russell Broadhead and I am the Hearing Instrument Specialist of Nuear Hearing Center of Tucson. I am honored to take part in the journey to better hearing of the people of this beautiful city!

For the past four years I have merged my love of art and technology by providing hearing health care for the people of Chicago and am thrilled to now do the same for the people of Tucson. As a hearing practitioner, my goal is to, quite frankly, change people’s lives. Better hearing can take people from isolation and return them to life, fully engaged with family and friends.

One of the best experience of my career was seeing the change in my Father in Law when he was fitted with hearing aids. They truly changed his life.

At her weekly bridge game, a past patient was quiet and aloof because she just couldn’t hear her friends. Now she is engaged and thriving. The smile on her face when she recounted her experience was heartwarming.
Another client had struggled at work because he couldn’t hear his supervisors and coworkers. This caused him great anxiety and affected his work performance. Now he is back ‘in the game’ and experiencing great personal and professional successes thanks to his customized hearing plan.

My core values are Honesty, Integrity, and Family. I graduated from Utah State University with a Bachelor of Science degree. I am an Eagle Scout and served as a missionary for the Church of Jesus Christ of Latter-day Saints in Zimbabwe, Africa. My beautiful wife Jenny and I are the parents of five fantastic daughters and an amazing son.

Visit us online today @ www.tucsonNuEar.com

How To Care For Health Care Costs in Retirement

How much do you figure you'll pay for health care expenses after you retire? You're probably underestimating.

A married couple, both age 65, will fork over an estimated $275,000 over their lifetime on medical costs, according to Fidelity Investment's "2017 Retiree Health Care Cost Estimate." That includes Medicare premiums, co-payments, deductibles and out-of-pocket expenses for prescription drugs. 

However, it's likely that this same couple will pay a lot more than $275,000 because Fidelity's estimate doesn't include items such eye exams and glasses, hearing aids, dental care and long-term care. And if you retire before age 65, the number will be significantly higher.

Medical expenses represent one item in retirees' budgets that can increase significantly when transitioning from your career job into retirement. According to the U.S. Bureau of Labor Statistics, employers on average subsidize 80 percent of the cost of health care premiums for their active employees and more than two-thirds of the costs for family coverage. 

HHS Secretary Tom Price says "we believe in the guarantee of Medicare for our seniors"

But these subsidies typically go away when you retire. As a result, you'll usually end up paying for the full cost of medical insurance premiums if you retire before age 65, when you're eligible for Medicare. After that, the federal government subsidizes about three-fourths of the cost of Medicare Part B, although you'll still pay substantial deductibles and co-payments.

One erroneous conclusion that some people might make after reading about the Fidelity study's results is that they need to have the full $275,000 amount set aside when they retire, to be dedicated exclusively to future medical expenses. While that might be great if you can swing it, most people don't have that luxury, and fortunately you don't need to do that. 

You can pay for much of your medical costs with your regular retirement income, such as your Social Security benefits, employer pensions if you have one, money you make working in retirement and your withdrawals from savings.

By making smart choices with Medicare and supplemental insurance, you can turn large, unpredictable expenses into regular monthly premium payments that you can then factor into your ongoing retirement budget. Because Medicare has substantial deductibles and co-payments that can amount to thousands of dollars each year, financial advisers highly recommend that you buy supplemental medical insurance in one of two ways:

1.      Purchase a "Medigap" plan that pays for part or all of Medicare's deductibles and co-payments, combined with a separate insurance plan that covers the cost of prescription drugs under Medicare Part D.

2.     Purchase a Medicare Advantage plan (MA) that typically integrates inpatient care, outpatient care and the cost of prescription drugs, and usually covers much of Medicare's out-of-pocket costs.

You can also save for medical expenses with a Health Savings Account (HSA), in which contributions have a unique triple tax advantage:

·         They're deducted from your taxable income when they're made

·         Investment earnings aren't taxed

·         Any amounts you withdraw for qualified medical expenses aren't included in your taxable income

Because of the triple tax advantages, HSAs are like a super-IRA, and you should save as much as possible in these plans while you're working.

Qualified medical expenses that can be paid from an HSA include:

·         Medical, dental, prescription drug and vision expenses, including any deductibles and co-payments

·         Premiums paid after age 65 for Medicare or for your employer's retiree medical plan (but not for Medicare supplement plans)

·         COBRA premiums

·         Long-term care services

·         Premiums for qualified long-term care insurance

You'll also want to plan for vision and dental expenses when you retire because Medicare doesn't cover these costs. Some MA or Medigap plans might help with these costs, so you'll want to ask about that when you're shopping for these plans. Another smart tip: Take full advantage of your employer-provided medical plan's vision and dental benefits before you walk out the door of your career job.

Long-term care is the wild card in your retirement planning. A lengthy stay in an assisted living facility or nursing home can quickly drain your retirement savings, even if you have substantial savings in an HSA, 401(k) or IRA. Ideally, you want to develop a thoughtful strategy to protect yourself and your family against potentially ruinous long-term care expenses, including some combination of:

·         Buying long-term care insurance

·         Holding home equity in reserve

·         Taking out a reverse mortgage line of credit and holding it in reserve for long-term care

·         Maintaining a separate investment account for long-term care, including an HSA

·         Buying a qualified longevity annuity contract (QLAC) that starts a lifetime income at an advanced age, such as age 80 or 85.

When you consider your potential costs for health care, you might be convinced it's a smart idea to work longer, which is a very reasonable -- and wise -- reaction to these threats. Working longer can not only extend subsidized medical care coverage from your employer, but it can also allow your Social Security benefits and savings to grow as long as possible.

You have a lot to consider when it comes to your retirement planning. But if you start now, you'll be prepared when the time comes to leave the work force entirely.

Visit us online today @ www.novareverse.com