• What’s the Big Advantage?

    April 2017 Newsletter In my February 2017 newsletter, I outlined and discussed the overall cost of retirement health care. The bottom line annual cost estimate for a 65-year-old who is retiring today is $6,772. This assumed the most common health care coverage plan for retirees: original Medicare with a prescription drug plan and Medigap policy.  This approach does offer the most comprehensive coverage, allowing medical treatment from any physician who accepts Medicare insurance. For clients looking to lower their health care costs and willing to accept a few tradeoffs, an alternative is to utilize a Medicare Advantage Plan. Advantage Plan participants are still enrolled in original Medicare but do not purchase a Medigap policy. Instead, supplemental…