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Steve Coker, CFP
- Jun 3, 2022
- 1 min
Medicare Enrollment: Remember age 65!
Remember that the “Initial Enrollment Period” for Medicare begins 3 months before the month of your 65th birthday and extends 3 months after the month of your 65th birthday. For most retirees, it is best to enroll as soon as possible since the sooner you enroll, the sooner the coverage starts. Don’t be confused with the Open Enrollment Period or General Enrollment Period that you may find on the internet – the Initial Enrollment is just for you and is based on your birthday.
Steve Coker, CFP
- Jul 1, 2018
- 2 min
The Cost of Healthcare in Retirement
One of the most daunting challenges facing retirees is the cost of healthcare. Without some type of employer-provided retiree healthcare, the typical retiree sees a 3-fold increase in health insurance premiums after leaving the job, leading many workers to stay longer on the job simply for the health insurance benefits. However, despite the high cost, the healthcare ‘problem’ is not insurmountable. With proper planning, and appropriate health insurance and Medicare decisions,
Steve Coker, CFP
- Sep 4, 2017
- 2 min
Understanding Medicare Enrollment
This week I came across a 75-year-old retiree who had not yet signed up for Medicare. Since Medicare enrollment begins at age 65, this was a big miss! Not only does enrolling late result in higher premiums, the failure to enroll in Medicare can leave retirees dangerously lacking in insurance coverage. One common reason for this error is the deferral of Social Security Retirement benefits, as some mistakenly believe that if they defer taking Social Security Retirement benefits
Steve Coker, CFP
- Jul 11, 2016
- 2 min
Medical Expenses in Retirement - What You Can Expect
For many Americans finally retiring from their job means more than just walking away from a paycheck; it also means walking away from their source of health insurance. In response, some put off retirement just to keep their coverage. Others assume that Medicare will pay for all of their medical needs and don’t budget properly for this significant retirement expense. Of course, both of these extremes are incorrect. In this article, we’ll explore what you can expect to pay
