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Medicare Enrollment Guidance

We spend a lot of time building and reviewing retirement plans with our clients. The exercise often focuses on financial assets vs. liabilities, retirement timeline, the proper investment allocation, and much more. We ask lots of questions about long-term goals and concerns. The cost of healthcare in retirement is a common theme when discussing those concerns. For those who are approaching Medicare enrollment, they are faced with a daunting task of making critical decisions that can have a lasting impact on health and finances.

The feedback we’ve received from our clients has led us to improve upon our role when making those Medicare decisions. That is why we are “rolling up our sleeves” to better serve our clients at this important point in their lives. Leveraging technology, we can provide guidance on the type of Medicare plan that clients choose when they are first enrolling in Medicare. The initial enrollment period begins three months prior to the month you turn 65 and extends three months beyond it.

Our recommendations will be based upon your unique situation. Do you plan to work beyond age 65? If so, will you continue to receive health benefits through your employer? Are you retired but covered by your working spouse’s health plan? Will you receive company health benefits in retirement? The answers to these questions can have a big impact on the steps you need to take during the initial enrollment period.  You must also consider your current health condition. Do you have chronic health issues or a family history of certain medical conditions?

These are important questions that must be answered as you approach Medicare enrollment. For those clients who are turning age 65, you can expect to hear from us as your enrollment period approaches. If you are currently enrolled but have questions about your coverage, please feel free to contact us with your questions. We are here to help, so let us serve as a resource on this very important topic.

Will Goodson

Will is a senior advisor who designs financial plans and investment strategies for clients. He is a University of Texas graduate and a CERTIFIED FINANCIAL PLANNER™ professional. Additionally, Will has obtained the National Social Security Advisor (NSSA®) designation and works closely with wealth management clients to determine the most optimal strategies for taking Social Security and Medicare. Read Will’s Profile HereRead More Articles by Will

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