Parts A, B, C, D, HMO, PPO, POS, Formulary……..Learning about Medicare can be like learning a new language. You need to learn the words and understand the main ideas. In short, you need to become fluent in Medicare for the annual open enrollment period, October 1st through December 7th. During this short two months, you must analyze your various plan options to select the plan that will last you through the next year. Fortunately, there is help.
Start with the Medicare website, Medicare.gov. This site will provide you with all the basics to compare the various Medicare Advantage Plans and Prescription Drug Plans. It also has a variety of resource materials to help you understand the various rules and definitions.
Medicare is also intricately woven into your retirement plan. Besides simply paying your premiums and medical bills, the actual amount of your Medicare part B and part D premiums are directly impacted by your provisional income in retirement. If not planned correctly, these premiums could be increased as much as $4400 per year.
At Financial Investment Team, we believe most, if not all, of these extra charges can be avoided by planning early and making the necessary changes. For no cost Medicare plan selection assistance, please call or email Financial Investment Team. Ask for Mike or Jason.
Financial Investment Team
15350 SW Sequoia Pkwy Ste. 150
Portland OR 97224
Investment advisory services offered through Financial Investment Team, Inc., an investment adviser registered with the state of Oregon. Securities offered through Peak Brokerage Services, LLC. Member FINRA/SIPC. Financial Investment Team, Inc. is a separate and independent entity from Peak Brokerage Services, LLC.
California Insurance Licenses OG28007, OE79360