Turning 65 Soon? Need Retirement Planning in Norfolk, VA?

  • By Jen Steever
  • 17 Aug, 2017

What Are Your Medicare Insurance Options? What Insurance Is Best For You?

That is very difficult to answer in the limited space of this blog, so we may continue it in others so that we get these answers just right by answering very carefully. First, not knowing your personal situation, we will explain the different options available for various individuals.

Continuing To Work After Turning 65

Some folks in Norfolk, VA turn 65 and decide to continue working. If that person works for a company that offers valid health plan coverage, it is widely accepted that the person need only sign up for Part A of Medicare .

As long as that person has a heath plan at work, they can postpone getting Medicare Part B and will have full Part B privileges when they choose to retire.

Retiring When You Turn 65

For those who leave work or have no work related health plan, getting Medicare Parts A and B is usually recommended. Some will have their former company offer an insurance plan designed to back up Medicare. Federal, state, and some local government retirees also have insurance options available to back up their Medicare as well as dental, vision, or life insurance plans that can continue after retirement. Retired military personnel earned and deserve TriCare for Life to back up their Medicare Parts A and B.

Review All Options

All of the aforementioned folks could indeed not elect these employer or government options and instead choose a commercial insurance program, but they should review the cost and benefits of all their options before making a decision. S2S Silver Services in Norfolk, VA is happy to provide that comparison at no cost or obligation to the client. Next month, we will discuss what is available for those of us who do not have the options mentioned here.
J. Elvin Dashiell was such a valuable asset to us in our financial retirement planning as well as with our Medicare supplemental health concerns. We value his directional guidance and wise knowledge in the area of investments for seniors who "need to know." He was such a wonderful help to us. We highly recommend J. Elvin in all areas of insurance and investment needs.  Linda Kaczmarczyk and David Able
By Jen Steever 16 Oct, 2017


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?

By Jen Steever 16 Oct, 2017
A traditional Medicare Supplement is the grandfather of insurance that backs up Medicare. Started in 1965, it is celebrating its 50th year of being the backup to Medicare parts A and B. If you have studied Medicare or insurance company information, you may have read terms like Medigap, Med Sup, or Gap insurance, which are named derivatives for the official designation of traditional Medicare Supplements. Whatever their name, they are all exactly the same thing.
By Jen Steever 27 Sep, 2017
For most seniors, having Medicare is vital. That being said, a basic Medicare plan may not be quite enough coverage for your needs. In fact, 90% of Medicare participants have some sort of supplemental health insurance, whether it be Medicaid, an employer-sponsored plan, Medicare Advantage, or Medicare Supplement plans (also known as Medigap). With so many Medicare supplement plan options to choose from, you may feel overwhelmed about having to choose one. Whether you made the wrong decision or your needs have simply changed, it's possible that your current supplemental policy isn't fitting the bill (or is making the bill much too high!). The good news is that it is possible to switch Medicare supplement plans. However, there's some important information you need to know first.
By Jen Steever 06 Sep, 2017
Last month, we addressed a question about the best Medicare Insurance options. We discussed what options folks who are employed by the military, state and local government, or private employers, should explore and plan for.

We will now tackle the options available to the majority of us who retire and go on Medicare. Unlike the folks we discussed last month, when you retire and no longer have commercial health insurance options, it is highly recommended that you get both Part A and Part B of Medicare. Part A has no continuing cost associated with it as it is paid for over the course of our entire working career through payroll deductions. Part B currently costs approximately $105 and is deducted from your Social Security or disability benefits every month.
By Jen Steever 17 Aug, 2017
That is very difficult to answer in the limited space of this blog, so we may continue it in others so that we get these answers just right by answering very carefully. First, not knowing your personal situation, we will explain the different options available for various individuals.
By Jen Steever 15 Aug, 2017

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.


By Jen Steever 27 Jul, 2017
The number of senior citizens is expected to grow from the current 40 million to 90 million in 2050. This will lead to an increased demand for healthcare services, housing, and -- more than likely -- financial planning services . To make matters even more complicated, a 2015 Gallup poll found that 37% of Americans won't retire until after the age of 65. Whether it's due to personal preference or because they simply cannot afford to retire until much later in life, seniors need to understand that the decision to keep working will impact their financial planning options. That's why it's so important for you to explore the types of financial services available to you now to help you prepare for this type of situation. But if you haven't yet seen a financial planner, you should be aware of how your delayed retirement can affect your financial options.
By Jen Steever 07 Jul, 2017
from J. Elvin Dashiell and the Senior Information Corner
By Jen Steever 23 Jun, 2017

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.

By Jen Steever 14 Jun, 2017
Approximately 45 million people are enrolled in Medicare due to their age, so if you're a senior over the age of 65, you're probably at least a little familiar with what these plans can offer. While original Medicare can provide coverage for vital services, these policies often don't cover every expense. That's why Medicare supplement policies are so popular: they can help bridge these gaps. But because there are so many Medicare supplement plan options to choose from, it's easy to become overwhelmed and confused. Below, we've explained these supplemental plans in a bit more detail.
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