 We do not want to scare people but people need more education and need to be more realistic about planning for health-care costs in retirement. They need advice from advisors who understand these issues."John Carter, president and COO of Retirement Plans for Nationwide Financial. |
Advisors Can Fill Obamacare Knowledge Gap
Karen DeMasters | Financial Advisor Magazine, January 2014
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Summary: A financial advisor who knows the ins and outs of the Affordable Care Act (ACA) and Medicare will have a huge advantage over those who do not, according to John Carter, president and COO of Retirement Plans for Nationwide Financial. According to the Nationwide survey, What Americans Don’t Understand About ACA, 75 percent of boomers do not know that the ACA does not cover long-term care. Likewise, 76 percent do not know their personal benefits under ACA and 37 percent do not know what the ACA exchanges are
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