Episode 74 - Navigating Medicare options before you retire with Merle Jabr

The podcast features a discussion with Merle Jabr, a health insurance expert who has helped many retirees navigate their Medicare options, including group plans for businesses. The host, Tim Goodwin, opens with a light-hearted dad joke but quickly shifts her focus to Medicare, outlining its importance for those nearing age 65 or those with disabilities. Merle explains that while most Americans become eligible for Medicare at age 65, certain individuals can qualify earlier if deemed totally disabled through the Social Security Administration.

The conversation covers various Medicare parts:

• Part A (hospitalization and skilled nursing), which is generally premium-free due to payroll taxes paid during working years.
• Part B (doctor visits, diagnostic testing), which has a premium based on income and may involve additional surcharges.
• Part D (prescription drug coverage), which covers medications, though beneficiaries can choose different plans to fit their needs.

They also discuss Part C (Medicare Advantage), which is marketed as a lower-cost alternative to the traditional A, B, and D plans but comes with a network of care providers that may limit hospital choices. Supplement plans (Medigap) that fill coverage gaps for costs not covered by traditional Medicare are also explored.

Merle emphasizes the importance of planning for Medicare premiums based on income, suggesting individuals start planning for enrollment a couple of years before turning 65 to minimize the impact of income-based surcharges.

The podcast closes with Merle sharing a personal gratitude story about her son, Phoenix, and information on how listeners can contact her company, Potter Risk Advisors, for further assistance. If you are looking for an advisor that cares about you and all the aspects of your retirement including insurance coverage, even though we do not sell it or make commissions, please reach out to Goodwin Investment Advisory to schedule an introductory call. We would love to help guide you in creating a retirement plan that is tailored to your specific needs and goals.  We love helping clients retire to a meaningful and purposeful retirement.  

Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations.  Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast.  The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.