Today on the Retirement Lifestyle Show, Eric Olson and Adrian Nicholson discuss Medicare's open enrollment. They go through the seven commonly asked questions about Medicare enrollment, how to get ready, and ways to avoid the lifetime penalties of late enrollment.

[01:20] Introduction

[02:39] Medicare Open Enrollment and Why It's Important

[04:10] What is Open Enrollment?

[07:00] Understanding Medicare Advantage Plan

[09:30] Benefits of Planning for a Medicare Supplemental Plan

[16:10] Late Enrolment Penalties

[19:17] Medicare Advantage vs. Medicare Supplement

[21:45] Medicare Medical Savings Account Explained

[24:25] What is a Health Savings Account?

[27:00] Health Plan Shopping Checklist

[32:00] The Average Cost of Medicare

[34:20] Medicare Special Enrolment Periods

[36:10] What to Look Out For When Choosing a Medicare Plan

[40:30] Parting Thoughts

Roshan can be reached at [email protected] or at 202-536-4468.  Erik can be reached at [email protected] or 815-940-4652. Adrian can be reached at [email protected] or at 703-915-8905.

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All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.