Healthcare Expenses & Medicare: What Medicare Covers and What It Doesn’t
Medicare is not free and does not cover 100% of your medical expenses. You’ll still need to pay deductibles, copayments, and coinsurance. Some healthcare services aren’t covered at all.
Prepare for Out-of-Pocket Medical Expenses in Retirement!
Understanding what Medicare covers and doesn’t cover is critical. This knowledge allows beneficiaries to plan for healthcare costs and determine how to pay for services they may need in the future.
Key Points:
- Medicare Costs: Medicare Part B has a monthly premium, annual deductible, and requires copayments for services. Part A covers hospital stays with a deductible and daily coinsurance for extended stays.
- Uncovered Services: Medicare does not cover long-term care, most dental care, routine vision and hearing care, or custodial care. These services must be paid out of pocket or through additional insurance.
- Preventive Services: Medicare does cover many preventive services at no cost, such as annual flu shots and other essential vaccines.
Avoid Surprise Bills
Having correct Medicare information helps prevent surprise bills for services mistakenly thought to be covered.
Maximize Covered Services
Understanding what is covered helps beneficiaries take full advantage of all the healthcare services Medicare offers, some of which are free.
For a detailed consultation and assistance with Medicare, contact Fraser Allport, a fiduciary, investment advisor, and certified estate planner with 42 years of experience. Fraser specializes in DROP, Social Security, Medicare, and estate planning.
Contact Information:
Phone: 386.882.6256
Email: retirement@fraserallport.com
Fraser offers complimentary consultations to help you start your retirement planning.
Fraser Allport: Your Trusted Guide to a Secure Retirement
For over 42 years, Fraser Allport has been a leading financial professional in Florida, specializing in retirement planning. He's committed to helping individuals in Daytona Beach, Port Orange, Space Coast, and Palm Coast navigate the complexities of retirement with confidence.
Why Choose Fraser Allport?
* Proven Expertise: As a Fiduciary, Investment Advisor, and Certified Estate Planner™, Fraser brings a wealth of knowledge and experience to the table.
* Independent and Objective: Fraser works for you, not a big company or bank, ensuring unbiased advice.
* Comprehensive Services: From DROP planning and 401(k) rollovers to IRA strategies and estate planning, Fraser offers a full spectrum of services.
* Local Focus: He understands the unique needs of Florida residents, including those in Daytona Beach, Port Orange, Space Coast, and Palm Coast.
Specializing in DROP Planning
Fraser is a recognized Florida DROP Specialist. He helps clients navigate the intricacies of the Deferred Retirement Option Plan (DROP), maximizing their retirement savings. This includes:
* Optimizing un-used DROP sick and vacation days
* Developing a customized action plan for your DROP
* Ensuring you make informed decisions about your retirement funds
Beyond DROP: A Holistic Approach
Fraser's services extend beyond DROP, offering a comprehensive approach to retirement planning:
* Retirement Planning: Tailoring your retirement plan to achieve your goals, whether it's a 401(k) rollover, an inherited IRA, or choosing the best Roth IRA.
* Tax Minimization: Developing strategies to minimize your tax burden in retirement.
* Estate Planning: Creating a plan to protect your assets and ensure a smooth transition for your loved ones.
* Home Health Care: Developing a personalized plan for your home health care needs.
* Annuities and IRAs: Exploring these options to secure your financial future.
Get Your Free Consultation
Don't wait to secure your retirement. Contact Fraser Allport today at 386.882.6256 for a complimentary consultation.
Learn More Online
Website:
DROP Articles:
https://fraserallport.com/florida-drop-library/
Estate Planning Services:
https://nicep.org/profile/fraser-allport-id-908
Biography and Credentials:
YouTube Channel:
https://www.youtube.com/channel/UCJIvncPq8Up5ptDiEUT3bJA
Social Media:
Twitter: https://twitter.com/fraserallport
LinkedIn: https://www.linkedin.com/in/fraserallport/
Prepare for Retirement ...
and prepare for Longevity.
Because of his Knowledge and Experience for 42 Years ...
Fraser Allport is ... " The Total Advisor™ "
Contact Fraser today for your DROP Retirement Consultation
Thanks and attribution to :
Nationwide Life