In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the important and often confusing world of Medicare Part D with Medicare expert Shawn Southard. With the implementation of the Inflation Reduction Act Medicare provisions in 2025, significant updates have changed the way Medicare drug coverage works, especially for those nearing or already in retirement. Whether you’re currently working and covered by an employer plan or about to transition to Medicare, this episode breaks down exactly what you need to know to avoid unnecessary costs and lifelong penalties.

Listen in to learn about how Medicare Part D changes affect your coverage decisions, how employer coverage and Medicare interact, and why understanding creditable drug coverage is now more crucial than ever. Shawn also discusses HSA and Medicare rules, key timelines for enrollment, and strategies to avoid the dreaded Medicare late enrollment penalty. This is a must-listen for anyone planning to retire comfortably while staying informed and protected when it comes to their Medicare Part D options.

In this episode, find out:

·      What exactly Medicare Part D covers and how it works.

·      How the Inflation Reduction Act Medicare provisions lower out-of-pocket drug costs.

·      What "creditable" drug coverage means and how to know if your employer plan qualifies.

·      When and how to enroll in Part D to avoid Medicare penalties.

·      How HSA and Medicare rules impact your decision to delay enrollment.

Tweetable Quotes:

“With Medicare Part D changes, what used to be a no-brainer may now require a complete reevaluation.” – Murs Tariq

“Missing a 63-day window could mean a lifetime of penalties—knowing your coverage status is critical.” – Radon Stancil

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.