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Ready For Retirement

Everything You Need to Know About Medicare: Q&A with a Medicare Expert

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 21 May 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Drew Shockley of MOVE Health Partners joins James to address questions about Medicare. He overviews the Medicare system, explains Parts A, B, C, and D, and breaks down what Medicare does and doesn’t cover, who is covered, and when/why you might want alternative coverage. Questions Answered: I’m 65, still working and qualify for Medicare, but I have health coverage through my employer. What should I do? Does Medicare provide good, reliable coverage? Timestamps: 0:00 - Medicare overview...

Transcript

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0:00.0

One of the things I hear most often from people thinking about retirement is, what am I going to do for health insurance?

0:05.4

And navigating health insurance options, especially at different ages in retirement, it can feel like an insanely complicated maze, but it really doesn't have to.

0:12.6

So today we're going to kick off a little mini series all about health insurance and retirement.

0:16.9

Part one, so today's episode, we're going to talk about health insurance options for people over age 65 or 65 and over.

0:22.8

In other words, we'll cover everything you need to know about Medicare.

0:25.9

Next week, we'll be talking about insurance options before age 65, for those of you retiring

0:30.3

before Medicare age.

0:31.7

And then part three of this, so two weeks from now, we'll be talking about strategic planning

0:35.2

opportunities for how your insurance coverage best fits into your overall plan.

0:41.2

This is another episode of Ready for Retirement.

0:43.7

I'm your host, James Cannell, and I'm here to teach you how to get the most of the life with your money.

0:48.1

And now, on to the episode.

0:51.9

Joining me today, we have Drew Shockley.

0:54.0

Drew is a certified Medicare insurance planner planner he's a co-founder

0:57.1

of move health partners which is one of the nation's premier health insurance firms dedicated to working

1:01.4

with forward-thinking advisors and retirees all over the u.s drew thanks for joining me glad to be here

1:07.5

james thanks so much absolutely well this is one that may be the most confusing pieces of retirement of what am I going to do, or maybe not the most confusing, but at least the most overwhelming.

1:18.0

If you're approaching 65, you're no doubt getting letters, mailings, just all these things telling you, here's what you should be doing.

1:27.2

And it can be

1:27.6

quite overwhelming. So to start, I would love if you could unpack just what is Medicare.

1:32.9

We hear these ABCD L-M-N-O-Ps. If you go walk through that and who it's designed for, that would be a

1:39.0

great place to start, and then we'll go from there.

...

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