The American Retirement Advisor

Healthcare in Retirement, part 8. Medicare's website calls the fall window Open Enrollment. The regulation calls it the annual coordinated election period. The industry calls it AEP. January has an Open Enrollment of its own, and the Marketplace has another. Here is every period, its dates, who it is for, when coverage starts, and what it costs to miss one.

Read the full article: https://news.americanretirementadvisors.com/hir-enrollment-periods-defined-annual-open-general-initial-special/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 7. Every Advantage and drug plan follows the same government template for this letter, so I pulled the template. Here is the layout, the summary table on page two, the arithmetic for a made-up plan whose premium did not move but whose costs did, and the mid-year changes the rules allow. Deadline for the letter: September 30.

Read the full article: https://news.americanretirementadvisors.com/hir-anoc-letter-read-like-a-spec-sheet/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 6. Two different letters are landing this month. One says your plan is changing. The other says your plan is going away. They carry different deadlines and different rights, and the most expensive mistake is treating the second one like the first. Plus the one door that only opens if you go to Original Medicare, and an open invitation for October 2.

Read the full article: https://news.americanretirementadvisors.com/hir-your-plan-is-changing-some-plans-will-not-be-offered/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Four real situations, thirty seconds each: a widow who found four accounts she never knew about, a man who sold his company and felt nothing, a couple whose plan is twenty-two years old, and three kids who will not agree. Plus Greg Frantz on thirty years of Medicare. Hayes's thirty-two-minute cut is up, with a subscribe button.

Read the full article: https://news.americanretirementadvisors.com/fiscal-fridays-episode-8-on-youtube/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 5. Advantage plans let you switch every fall, no questions asked. Supplements do not. Nine in ten Advantage enrollees have no guaranteed right to buy one later. The 12-month trial right, the six-month window at 65, and the one thing Nevada has that Arizona does not.

Read the full article: https://news.americanretirementadvisors.com/hir-medigap-door-locks-behind-you/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 4. Healthy, no prescriptions, so why pay for a drug plan? Because the penalty for going without one is permanent, it grows every month you wait, and the window to fix it opens once a year. I am an engineer, not an advisor, so I did the arithmetic with 2026 numbers.

Read the full article: https://news.americanretirementadvisors.com/hir-part-d-no-medications-penalty-math/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 3. The VA is excellent at the VA. Outside it, you are on Original Medicare, which pays 80 percent with no ceiling. A $0-premium Advantage plan (you still pay the Part B premium) can add a yearly cap, care outside the VA, and dental, vision, and hearing, and your VA drug coverage means no Part D penalty. No carriers named, no pitch, just the rules.

Read the full article: https://news.americanretirementadvisors.com/hir-veterans-va-and-a-zero-premium-advantage-plan/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

Healthcare in Retirement, part 2. Keep the family plan at work, or move yourself to Medicare while your spouse waits a year? I am an engineer, not an advisor, so I did the arithmetic: the family premium, Part B, a supplement, an IRMAA surcharge set by a two-year-old tax return, and the HSA rule that quietly voids contributions.

Read the full article: https://news.americanretirementadvisors.com/hir-working-at-65-spouse-not-yet-math/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

The company hands you 18 months of COBRA on the way out and it feels generous. Medicare's 8-month clock started the month you left, COBRA usually costs more than Medicare would, and no, you do not get to keep both. An engineer shows his work.

Read the full article: https://news.americanretirementadvisors.com/hir-cobra-does-not-stop-the-medicare-clock/

Part of the Healthcare in Retirement series from The American Retirement Advisor.

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.

My wife just started a new nursing job and picked her health plan in one evening from a list of three. At 65 it feels like three hundred, and the person down the hall who used to vet it for you is gone.

Read the full article: https://news.americanretirementadvisors.com/three-plans-at-work-three-hundred-at-65/

American Retirement Advisors helps families in Arizona and Nevada navigate healthcare, retirement income, and inheritance planning. Want to reach out? Text us at (602) 281-3898, email [email protected], or visit https://americanretirementadvisors.com.