Healthcare before and during Retirement will be a major expense. We can help you navigate your options, and make suggestions on how you can protect you and your family financially.
Medicare is more complicated than the Health Insurance plan you had before retirement. If you had a family plan, you are now forced to have individual plans so your insurance premiums with Medicare may be higher than you were paying before.
Medicare is basically the old 80/20 plans that most of us started with early in our careers. You also have a premium payment for Part B, and also for Part D for prescription coverage. The premium for Part B is "Means Tested", which means you could be paying even more for coverage.
Years ago, Medicare Advantage Plans often was available at no premium, but that is no longer the case. The deductibles and co-pays could be substantial. Be careful and be aware of your total coverage costs if something catastrophic might happen.
The A, B, C, D's of Medicare
Medicare only pays a limited amount of LTC. What are your options?
Often overlooked is the impact on the family member who is the primary care giver
Over a 30 year retirement, Healthcare Costs are significant. How can I protect myself