Medicare Made Easy: Planning Healthcare Costs in Retirement

Medicare decisions can feel overwhelming, but they're among the most essential choices you'll make in retirement. In this episode of Purposeful Planning, we break down the four parts of Medicare, explain the difference between Medicare Advantage and Medigap coverage, and share crucial timing information about enrollment periods. Whether you're approaching 65 or helping a parent navigate these decisions, understanding Medicare basics can provide peace of mind about healthcare costs in retirement. 

Sources:   

1. http://news.ehealthinsurance.com/news/health-care-costs-top-the-list-of-financial-worries-in-retirement-new-research-from-ehealth-and-retirable-shows  
2. https://www.aarp.org/medicare/understanding-medicare-the-plans/ 
3. https://www.ssa.gov/benefits/medicare/medicare-premiums.html 
4. https://www.medicare.gov/health-drug-plans/health-plans/your-health-plan-options 
5. https://www.ncoa.org/article/what-is-the-difference-between-medicare-advantage-and-medigap/  
6. https://www.medicare.gov/basics/get-started-with-medicare/sign-up/when-does-medicare-coverage-start  
7. https://www.investopedia.com/terms/c/creditable-coverage.asp  
8. https://www.aspenwealthmgmt.com/blog/webinars/medicare-made-easy-preparing-for-healthcare-costs-in-retirement/  
9. https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth 
10. https://www.aspenwealthmgmt.com/resource-center/retirement/medicare-made-easy-retirement-healthcare-costs 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice. Aspen Wealth Management is a registered investment advisor with the SEC. This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings. 

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