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Retiree Health Insurance: The Basics You Must Know!

Phil’s Tax Hacks · May 9, 2024

 

Today’s Hack

While you dream about the leisurely days ahead of you in retirement, it’s also important to think about some of the less glamorous items, including insurance. In this new season of life, your old policies may no longer suit your needs or may come to an end.

So, what types of coverage should you be considering for your golden years? What do you need to keep in mind as you prep for the transition? We’re going to walk you through the fundamentals in this two-part series, covering health insurance, long-term care insurance, and life insurance.

Stay tuned as we chat about retiree health insurance in part one!

 

Here’s some of what we discuss in this episode:

0:00 – Intro

2:00 – The transition from employer-provided insurance

6:26 – Supplemental coverage

8:27 – Medigap vs Medicare Advantage

11:56 – Enrollment periods and avoiding penalties

 

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

You’ve worked hard for your money. We help make your money work hard for you.

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