Sep 17, 2020 - Join our Webinar: The Top 5 Mistakes to Avoid With Medicare
One of the most important retirement planning decisions relates to Medicare. When someone approaches the age of 65, they are bombarded with a 130-page Medicare & You Guidebook from CMS, marketing mailers, commercials, and anecdotes from friends and family. This can be a very stressful time, as many questions arise, such as: when do I need to sign up and what will it cost me?; what are the different “Parts”?; and, what plan is right for me?
Even if you are already enrolled in Medicare, we are approaching the Annual Enrollment Period (October 15 – December 7) which is the only time in a year you can switch a Medicare Advantage Plan or Part D Prescription Drug Plan. Depending on where you live, there could be over 100 different combinations of Medicare Plans to choose from. This year, there are additional variables to consider:
- Medicare impacts from COVID-19: Changes to out-of-pocket costs, Telehealth services, enrollment flexibilities, and more.
- Part D Senior Savings Model: Reduces copays in 2021 for certain medications for chronic conditions (e.g. Insulin).
Join Sax Wealth Advisors on Wednesday, September 30 at 10 AM as we discuss the “Top 5 Mistakes to Avoid with Medicare” with our guest speaker, Justin Lubenow from Senior Advisors, who works to provide education on Medicare, the choices available, and provide recommendations for coverage.