3 insurance types seniors should explore this June

MoneyWatch: Managing Your Money 3 insurance types seniors should explore this June We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson June 1, 2026 / 2:43 PM EDT / CBS News Add CBS News on Google There are multiple insurance types that seniors should now be considering in today's economic climate. Johner Images You didn't have to look too far in May to find disappointing economic news. Not only did geopolitical tensions and overseas conflicts result in a spiking oil price, but inflation has been surging, too. According to a May report, which detailed the rate in April, inflation is now at its highest point in three years. Interest rates also remain elevated, and there was no Federal Reserve meeting in May to help push them down, nor is there an expectation that the central bank will do so when it meets again later in June. And while stock market performance may be strong now, that may not do much to protect the income and everyday savings for millions of Americans. That reality is especially pronounced for seniors and older Americans, many of whom are reliant upon a tight budget made up of retirement savings and Social Security benefits. For these adults, the past month was a stark reminder of the strains on their finances – and what they should be doing to better protect their financial health. While adding a new monthly bill to the mix may feel counterintuitive, there's a strong case to be made for reevaluating select insurance types now, in the uncertain economic climate many now...