Recently, I received a question from an anxious potential customer who was about to turn 65. Her greatest concern was the confusion about all of the decisions that she needed to make with respect to Medicare. She asked me to simplify that process for her. From Medicare Advantage plans, Medicare Part D prescription drug plans , to Medicare Supplement plans (Medigap plans), Medicare IS confusing! As a matter of fact, the primary statement that I hear from people who are going on Medicare is, “I have never experienced anything as confusing as Medicare.” I am communicating this in a blog in an attempt to reassure seniors that they are not alone in their frustration. Let me try to explain why the information might be confusing.
First, you have several printed materials from the government. The way the material is written, the information often seems to contradict what you read in other publications. Secondly, you may have well-meaning family or friends who provide their own understanding about how Medicare works. Lastly, you receive stacks of mail and materials from many different insurance companies all stating that their plans are better, cheaper, or both.
S2S Silver Services represents all of the major Medicare insurance companies in Virginia. Our job is to educate you about how Medicare works, explain the insurance options, and take care of all the enrollment paperwork. We have been specializing in this for over 15 years, and we have never charged a fee to our clients for this service. Therefore, my last question is – what are you waiting for? Contact us today!
One final thing I would like to mention is for those that have been on Medicare for a while but have not had a plan review in the last three years. You owe it to yourself to call us now and make an appointment to review . You may be spending too much. You could potentially spend less for the exact same coverages. Let us, S2S Silver Services, check that for you.
“We met with J. Elvin Dashiell just before we turned 65 to seek his advice on selecting a Medicare Supplement Insurance Plan. Through the years since then, we have trusted J. Elvin with our retirement savings plans. When he contacts us to give his advice about those plans, we feel like we are speaking with a friend, not just an advisor. We wish we had met J. Elvin and sought his guidance long before we retired. “
-Allen and Nell Martin of Chesapeake, VA
Nearly 45 million people are enrolled in Medicare due to their age, and around 90% of Medicare participants rely on supplemental plans to complete their coverage. But if you are healthy and not currently taking any prescription medications, do you really need Medicare Supplement plans in addition to your regular policy?
No one likes to think that their health could fail at any point, or that it will likely decline as you age. But it is important to keep these thoughts in mind, especially since the average 65-year-old American has a 70% chance of needing long-term care services in their lifetime.
When you take into consideration that the average medical expenses of a 65-year-old couple can total around $218,000 over 20 years, it's clear why so many people choose to invest in long-term care insurance. For the same reasons, Medicare supplement plans could be a huge money saver in the post-retirement years to come.
If you are wondering whether long-term care insurance is the right financial decision for you, then keep reading to learn more.
I have received so many questions over the years regarding the safety of certain investments so I would like to share with you about "safe" and "no risk" investments. I would like to define what those terms mean and how they apply to financial planning. Customers often believe investment choices are supposed to become more conservative and less risky as they approach retirement. They don't always know how to evaluate an investment's risk.