Recent surveys indicate the majority of Americans are ill prepared to manage their healthcare costs after retirement, in part, due to a lack of understanding about how Medicare and Medigap Insurance cover healthcare services. Overwhelmingly, as baby boomers approach retirement, they tend to underestimate medical expenses in the coming years when health is most likely to require medical intervention. This lack of preparation can lead to less preventive care and more dire long-term illness that could be prevented with better management of healthcare costs.
It’s estimated that less than five percent of Americans are prepared to maintain the standard of living they enjoy during their working years after they retire. Ninety-five percent, including those earning high incomes, do not have adequate plans to manage their increasing healthcare costs during retirement. This can delay retirement and reduce their standard of living after age 65.
In these uncertain financial times, it’s more important than ever to avoid common and catastrophic miscalculations that can result in less than adequate healthcare and unnecessary loss of retirement assets. As a leader among the Medicare supplemental insurance industry, MediGap Advisors are hosting the “How to Get the Most from Medicare” teleseminar that will cover the basics of how Medicare works, and the various options that are available to supplement Medicare coverage when it leaves seniors exposed to devastating medical costs. Information will also be shared explaining how to buffer risk with prescription drug coverage, or Medicare Part D.
The live “How to Get the Most from Medicare” teleseminar will be followed by an open question and answer session to allow participants to discuss their individual concerns and questions. Participants will also receive a complementary special report, “Choosing a Medigap Policy: a Guide for Health Insurance for People with Medicare.” The report includes insights from experts about three critical steps that are required to select the best Medicare supplement coverage.
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Medigap Advisors has helped thousands of clients with their health insurance needs and specializes in Medicare supplemental insurance and Medicare planning. A wealth of free information may be obtained at www.MedigapAdvisors.com