Allocating a portion of your cash flow budget towards supporting your health and wellness is critically important. Many chronic conditions and disease can be prevented by adopting a healthy lifestyle. Let’s start our day by discussing Medicare and your health at the macro level in relation to your financial plan before my colleagues dive into the details of Medicare and this year’s open enrollment period.
We will review the Medicare benefits and note the changes for 2021. We will point out changes in deductibles, premiums, copays for traditional Medicare as well as explain how to change Medicare Advantage and prescription drug plans. We will also discuss Medicare supplements/Medigap policies including any changes for 2021 and options to change carriers/plans. Late enrollment options for Part B or prescription drug coverage will be explained. Medicare scams will also be explained.
This session will review Medicare supplement or Medigap plans, how they are similar and how they are different. We will review what each plan covers and what it doesn’t and how it works with your Original Medicare coverage (Parts A & B). We will also take a thorough look at prescription drug coverage (Part D). We will look at how it works with Medicare, how to get signed up and what you need to know.
This is a one hour look at Medicare Advantage for next year. We will look at the timeframe for making changes; why it is important to review your current plan; how to compare plans & what to look for and other key indicators. The Lasso Health Plan, which is a Medical Savings Plan with a high deductible health insurance plan, as a Medicare option will also be explained. Where to go for unbiased assistance in evaluating coverage will be identified.
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