Hi Jan,
This week’s discussion from the new edition of the Retirement Planning Guidebook focuses on Medicare.
In the latest episode of Retire With Style, Alex and I walk through the different parts of Medicare and how retirees can think about the tradeoffs between Original Medicare and Medicare Advantage. The article below builds on that conversation and explains the key decisions retirees face when choosing coverage.
We are also getting close to the start of the Retirement Income Challenge on March 23rd, where participants will receive temporary access to our newly improved Funded Ratio Analysis app as we work through retirement planning decisions together.
| | | | How to Choose the Right Medicare Coverage in Retirement Turning 65 means becoming eligible for Medicare, the federal health insurance program that covers most Americans in retirement. As that birthday approaches, Medicare advertisements start appearing everywhere. Commercials promise extra benefits. Postcards advertise plans with no additional premiums. Friends begin comparing coverage options.
By Retirement Researcher | | | | What to Review During Medicare Open Enrollment Season Every fall, millions of retirees face the same question: Should I change my Medicare plan? Medicare’s Annual Enrollment Period (AEP), also known as Open Enrollment, runs from October 15 through December 7, and offers a brief but powerful opportunity to reassess your coverage for the year ahead. For many retirees, Medicare isn’t a “set it and forget it” program. Plans change. Premiums shift. Medications get added. Even your favorite doctor can quietly drop out of a network. Taking time to review your coverage each year ensures your health plan continues to align with both your medical needs and your financial strategy.
By McLean Asset Management
| | | | Medicare is Confusing: Here’s How to Make Sense of It
In this episode of Retire With Style, Alex and I break down how Medicare works and why it often creates confusion for retirees approaching age 65. We discuss the difference between Medicare parts and plans, how Original Medicare compares with Medicare Advantage, and what retirees should consider when choosing coverage. The conversation also highlights the tradeoffs between premiums, flexibility, and out of pocket healthcare costs in retirement.
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