Curious whether Medicare alone will cover all your healthcare expenses in retirement? In this episode, Phillip addresses the pressing questions late-career professionals (ages 55–65) have about Medicare Parts A, B, C, and D. Uncover the biggest coverage gaps - like dental, vision, hearing, and out-of-country healthcare - and learn how Medigap (Medicare Supplement) policies can help shield you from crippling out-of-pocket costs.
Phillip also explores the pros and cons of Medicare Advantage plans and why network restrictions, changing benefits, and possible out-of-pocket surprises could impact your retirement strategy. Plus, discover why long-term care expenses aren’t covered under Medicare and how you might plan or budget for nursing home and in-home care. With an emphasis on Oregon-based retirees but helpful to anyone seeking clarity, this episode breaks down the choices you must make to protect your future. Ready to maintain your lifestyle and minimize the risk of unforeseen medical bills? Tune in now, and learn how well-informed Medicare decisions can keep your retirement plan on track!
Episode Chapters with Timestamps
- (0:00) Introduction
- (0:25) Medicare Basics: Parts A, B, C, and D
- (2:21) Gaps & Surprises: What Medicare Doesn’t Cover
- (5:25) Medigap Plans: How to Fill Coverage Gaps
- (7:17) Medicare Advantage: Pros & Cons
- (8:36) Long-Term Care Considerations
- (9:31) Action Steps
- (10:24) Closing
#Medicare #RetirementAdvice #RetirementPlanning #GettingReadytoRetire
Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.
Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401
____________________________________________________________________________________________
Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Wealth Services, LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!