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Healthcare is one of the biggest—and completely unpredictable—costs in retirement. Do you know how you'll pay for your care? 🩺 Do you know what Medicare does and doesn't cover? 🩺 What about the difference between original Medicare and Medicare Advantage? 🩺 Medigap policies can save you *big time* but *WHEN* you sign up matters. Sound confusing? There's a lot of moving parts, but it doesn't have to overwhelm you. Not only did we put together an article explaining the key points of Medicare, we also tapped a health insurance expert to go over everything from frequently asked questions to how to think about your future healthcare budget. https://lnkd.in/ewsUvw69

Healthcare is one of the biggest—and completely unpredictable—costs in retirement. Do you know how you'll pay for your care? 🩺 Do you know what Medicare does and doesn't cover? 🩺 What about the difference between original Medicare and Medicare Advantage? 🩺 Medigap policies can save you *big time* but *WHEN* you sign up matters. Sound confusing? There's a lot of moving parts, but it doesn't have to overwhelm you. Not only did we put together an article explaining the key points of Medicare, we also tapped a health insurance expert to go over everything from frequently asked questions to how to think about your future healthcare budget. https://lnkd.in/gYqc3EEX

🩺 Thinking about when to start taking Medicare? It’s an important decision for your healthcare plan. Here's what to consider: -Medicare eligibility begins at age 65. -If you’re still working and have health coverage through your employer, you might choose to delay Medicare without facing penalties. Before deciding, review your current health insurance and compare it with Medicare. Everyone’s situation is unique, so it’s essential to evaluate how Medicare fits with your retirement plan.

🩺 Thinking about when to start taking Medicare? It’s an important decision for your healthcare plan. Here's what to consider: -Medicare eligibility begins at age 65. -If you’re still working and have health coverage through your employer, you might choose to delay Medicare without facing penalties. Before deciding, review your current health insurance and compare it with Medicare. Everyone’s situation is unique, so it’s essential to evaluate how Medicare fits with your retirement plan.

🩺 Thinking about when to start taking Medicare? It’s an important decision for your healthcare plan. Here's what to consider: -Medicare eligibility begins at age 65. -If you’re still working and have health coverage through your employer, you might choose to delay Medicare without facing penalties. Before deciding, review your current health insurance and compare it with Medicare. Everyone’s situation is unique, so it’s essential to evaluate how Medicare fits with your retirement plan.

Can you contribute to a health savings account (HSA) when you’re on Medicare? You can not contribute to an HSA when you are on Medicare. You can only contribute to an HSA when you have a high-deductible health plan (HDHP) and are under 65. Once you turn 65 or are on Medicare, you cannot continue contributing to the HSA. You are the owner of your HSA, not your employer, and you can contribute until you turn 65. You can use the HSA funds for qualified medical expenses, regardless of whether or not you are currently enrolled in Medicare. Once you turn 65, you have more flexibility in spending the HSA funds. However, you may not continue to contribute to the HSA. Amerigroup Financial, LLC / Bridlewood Insurance in Sioux Falls, SD, specializes in Medicare insurance solutions.

🩺 Thinking about when to start taking Medicare? It’s an important decision for your healthcare plan. Here's what to consider: -Medicare eligibility begins at age 65. -If you’re still working and have health coverage through your employer, you might choose to delay Medicare without facing penalties. Before deciding, review your current health insurance and compare it with Medicare. Everyone’s situation is unique, so it’s essential to evaluate how Medicare fits with your retirement plan.

Why Some Choose Medicare Over Group Health Insurance - Cost Savings: Medicare often has lower premiums and out-of-pocket costs. - Customized Coverage: Options like Medicare Advantage and Part D allow for tailored plans. - Portability: Medicare coverage stays with you, no matter where you live or work. - Stability: Avoids potential changes in employer-provided benefits. - Penalty Avoidance: Switching to Medicare on time prevents risk of late enrollment penalties. - Comprehensive Care: Covers services that may not be included in group plans. Employees considering making the switch from a group health plan to Medicare? Consider these factors carefully to ensure the best fit for your healthcare needs. #Medicare #Healthcare #Retirement #HealthInsurance #EmployeeBenefits #5GBenefits #AreYou5G

Can a Medicare Advantage plan be “free”? In some respects, yes. There are Medicare Advantage plans available that have premiums that are $0. However, it is important to know that it does not mean that all of your care is free. You may not have a plan premium to pay, but you will still have to pay your Medicare Part B premium. Additionally, $0 premium plans typically have higher out-of-pocket costs than other Medicare Advantage plans with higher premiums. Additionally, you will likely have few if any supplemental benefits like dental, vision, hearing, transportation, and the variety of other supplemental benefits you see on higher-priced plans. So is a $0 premium Medicare Advantage plan right for you? That depends on many factors, including your health status and financial situation. Talk to your independent Medicare agent, and they can help you make the right choice given your unique situation. Contact Marc Robertson at Robertson Insurance contracted with Bridlewood Insurance for all your Medicare needs in San Diego, CA. His no cost expertise is just a call away.

To fill the holes that exist in Medicare, #Medigap insurance can be purchased by individuals over 65 to supplement #Medicare. Read this article to learn more.