Baby boomers get to be seniors at last
As the boomer generation has aged, every part of the social system has had to bend to fit them all in. First it was the school system, then higher education. Were there going to be jobs for them all? Now, those who have survived the march of time, are finally approaching retirement making the sale of health insurance a much more competitive market. We caught up with Dave in Oakland and asked how he was preparing for his retirement. He managed a harassed smile. “My 401(k) is dropping in value. I’m rethinking my retirement.” We looked back at his plans last year. “I was all set up to finally do some traveling. Since my wife died, I’ve been waiting on retirement to take off and see the world.” He was pitched into medical insurance that would give him cover outside the US. He said he passed the time bugging local agents to give him chapter and verse on all the policies. “Guess I was a little lonely so I did a lot of research.” Then the stock markets went south and all his plans changed. “I’ve been looking more carefully at Medicare. The cover’s not so bad, so I’m looking at policies to top up the cover to get the best budgeted treatments whenever possible.”