Planning for Medicare
The Centers for Medicare and Medicaid Services (CMS) oversees the Medicare landscape. For many, this is a very confusing time with lots of questions that need informed answers. We have been Medicare Advisors for a long time and can help you navigate the ever-changing opportunities and regulations that you need to cicumvent. "Original Medicare" combines Part A and Part B. Together, they will cover roughly 80% of the care that you will need. We then will want to create a plan for the other 20%.
Part A
Part A
Part A
The Centers for Medicare and Medicaid Services (CMS) oversees the Medicare landscape, which can be a confusing time for many individuals seeking informed answers. As experienced Medicare Advisors, we provide essential guidance in financial planning to help you navigate the ever-changing opportunities and regulations. 'Original Medicare' c
The Centers for Medicare and Medicaid Services (CMS) oversees the Medicare landscape, which can be a confusing time for many individuals seeking informed answers. As experienced Medicare Advisors, we provide essential guidance in financial planning to help you navigate the ever-changing opportunities and regulations. 'Original Medicare' combines Part A and Part B, covering roughly 80% of the care you may need. To address the remaining 20%, we can offer tailored investment advice and wealth management strategies to create a comprehensive plan.
Part B
Part A
Part A
Known as “medical” coverage, Medicare Part B plays a vital role in financial planning by helping pay for services from doctors, specialists, and other health care providers. It also covers outpatient care, home health services, and durable medical equipment such as wheelchairs, walkers, and hospital beds. Additionally, it includes prevent
Known as “medical” coverage, Medicare Part B plays a vital role in financial planning by helping pay for services from doctors, specialists, and other health care providers. It also covers outpatient care, home health services, and durable medical equipment such as wheelchairs, walkers, and hospital beds. Additionally, it includes preventive services and wellness visits, which can be crucial for effective wealth management and investment advice.
Part C
Part A
Part C
Also known as 'Medicare Advantage', these plans serve as an alternative to Original Medicare and can be an important part of your financial planning. Offered by private insurance companies, they typically combine Part A, Part B, and Part D coverage into a single plan. Most plans require you to use doctors within their network and may need
Also known as 'Medicare Advantage', these plans serve as an alternative to Original Medicare and can be an important part of your financial planning. Offered by private insurance companies, they typically combine Part A, Part B, and Part D coverage into a single plan. Most plans require you to use doctors within their network and may need prior approval for certain services, which is essential to consider when seeking investment advice for your overall wealth management strategy.
Part D
Part A
Part C
Medicare Part D plays a crucial role in financial planning by providing coverage for prescription medications. Each plan has its own formulary, detailing the list of drugs it covers, which is essential for effective wealth management. Most plans require you to meet a deductible before entering the copay phase. Starting in January 2026, th
Medicare Part D plays a crucial role in financial planning by providing coverage for prescription medications. Each plan has its own formulary, detailing the list of drugs it covers, which is essential for effective wealth management. Most plans require you to meet a deductible before entering the copay phase. Starting in January 2026, the maximum out-of-pocket cost for all beneficiaries will be $2,100, an important consideration when seeking investment advice.
Medicare pathways - the other 20%
Medicare Supplement (Medigap)
A Medicare Supplement or Medigap plan works with Original Medicare (Parts A & B) and can take care of any deductibles or copayments that Medicare does not cover. The most common plan is Plan G which after a small deductible will take care of these copays and deductibles associated with Original Medicare. Plan N is also popular in that it has the same small deductible plus a small copay when you see your provider and an emergency room visit. These plans are popular due to the limited out-of-pocket costs and the ability to see any provider in the USA, without needing a referral or prior approval so long as the provider accepts Original Medicare.
Medicare Advantage - Part C
A Medicare Advantage plan replaces Original Medicare completely providing all care under one plan (except Hospice which is always covered by Part A). These plans incorporate Parts A, B and D under one insurance policy issued be the carrier. These plans have lower monthly premiums, even as low as $0 per month. Like any employer group health plan, these plans will have copays and co-insurance costs when you use the plan. With most of these plans, you will need to see a provider in a certain network and you will need a referral and prior authorization when using the plan's benefits.