Once you turn 65, you’re eligible to sign up for Medicare. You know, that program that you’ve had a portion of each paycheck withheld for pretty much every year you worked?
- But how exactly does it work?
- What all does it cover?
- What about prescriptions?
- What about Long Term Care expenses?
Planning for healthcare expenses is one of the biggest monetary pillars in planning for your retirement. Even the average healthy couple aged 65 can expect to pay over $200,000 over the rest of their lives in healthcare costs.
So, should you sign up for a Medicare Part C plan (also known as Medicare Advantage) or a Medicare Supplemental Plan (also known as a Medigap Insurance) and/or a Part D (prescription drug plan)? What about Dental or Vision coverage?
Taking into account your needs and affordability, we’ll assist you in exploring all of your available options, and which best suit you upon your initial enrollment as well as in the years following when changing needs or other circumstances may necessitate a change in one or more of your plans.
† Based on Kaiser Family Foundation study.
