Mar 18, 2021

If you talk to anyone working in the financial planning business, they’ll tell you that healthcare costs are one of the most significant you’ll face in retirement. Not only are these costs rising every year, but many people just are doing the proper planning for what could be a major expense down the road.

Once it comes time to decide on health insurance coverage after working, most people will turn to Medicare. The problem, however, is that Medicare can be very confusing. There isn’t always a lot of information available or its tedious to try and track down the answers you’re looking for.

We got a question recently about this topic and it made a lot of sense to go ahead and tackle this subject on the podcast. It’s not easy to just give a quick answer to the keys things you need to know about Medicare so we’ll do all that on this episode of My Smart Retirement. Nancy will talk about differences between Part A and Part B, prescriptions, when to sign up, and much more.

If you know someone that is looking for more information on Medicare, please pass this show along. We want as many people to know what they need to know.

We’ll also spend a few minutes at the start of the show talking about the recent relief package and stimulus bill. Will this latest injection of money into our economy solve the problems created by COVID? Find out how Nancy feels about the news on the show.

Check out the full episode or use the timestamps below to hear a specific segment.

What we discuss on this episode:

0:45 – Unemployment

3:44 – Interest Rates  

8:40 – Question on Medicare  

10:55 – Applying for Medicare  

12:42 – Once you stop working  

13:39 – Cobra  

For more information and additional financial resources, visit us online: http://flemingfinancialservices.com