We are in the annual enrollment period for Medicare, so hundreds of thousands of people over 65 are looking at and re-evaluating their current plans. A lot of decisions will be made over the next couple of weeks and the complexity of Medicare can be really confusing, so in this episode, I’m going to unpack some of the most important aspects to keep in mind when it comes to Medicare enrollment and keeping healthcare costs manageable in retirement.
Listen in as I share the key details about the role of Medicare, who it’s for, and what it often includes (or doesn’t include). The good news is that there are a lot of choices for plans, but the tough part is that Americans are living longer, so we are having to deal with higher healthcare costs. With the cost of healthcare being one of the top expenses in retirement, it’s important to take the time to better understand how Medicare can affect your costs and your retirement.
Listen To The Episode Here:
What You’ll Learn:
The upside and downside to this Medicare enrollment period.
How much we’re expecting healthcare costs to rise in the next year.
The role of Medicare and who is eligible.
The different parts of Medicare and what they are for.
When to enroll and what you need to know about late enrollment.
What supplemental medical insurance plans are for and how they fit in.
Ideas Worth Sharing:
- “It’s a bitter pill to swallow that our healthcare costs are going to be a little bit more expensive.” - Regina McCann Hess
- “Healthcare is one of the most expensive portions of your retirement.” - Regina McCann Hess
- “Educate yourself on what the options are.” - Regina McCann Hess
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