Planning for healthcare expenses is an important part of maintaining your financial stability. While you can do much of this planning before your retirement years, you’ll need to continue to stay abreast of significant changes. Each year, Medicare costs are adjusted, and understanding these updates can help you make informed
Earlier this month, the Centers for Medicare and Medicaid Services (CMS) released updates for the 2024 Medicare premiums, deductible, and cost-sharing amounts for Part A and Part B. They also released updated amounts for IRMAA, the Income-Related Monthly Adjustment Amount, which applies to individuals with high incomes. 2024 Medicare
In the intricate landscape of retirement planning, one factor often looms large and unexpectedly: medical expenses. Our healthcare needs inevitably increase as we age, often leading to unexpected costs that can significantly affect our financial stability. Yet, how often do we incorporate medical expenses and retirement planning into the same
Medicare beneficiaries have many options when it comes to enhancing their healthcare coverage. Medigap plans are a valuable tool to help cover expenses that Medicare would otherwise leave you to pay. You’ve got about ten Medigap plans to choose from, but our clients always ask us about just two of
Applying for Medicare may seem like an intimidating task, but it’s easier than you think. Each year, we help thousands of people enroll in Medicare, and they’re always surprised by the process. Signing up for Medicare is especially easy when you have a trusted insurance advisor helping you along every
The first question we get asked by new clients is, “How much does Medicare cost?” Or similar questions like, “Is Medicare free? What are the Medicare premiums in 2023?” These are all common questions about the cost of Medicare, and we understand why they’re at the forefront of our clients’
