Page 10 - Jupiter Spotlight - September '21

Page 10, Jupiter Spotlight
Financial Focus

Prepare For Health Care the cost of health care and long-term care – concerns that all the variables involved – deductibles, copayments,
have increased during the COVID-19 pandemic.
coinsurance, areas of coverage and availability of your
Costs In Retirement And health care is likely going to be one of the personal doctors – you’ll want to choose your plan
largest expenses in retirement – the average couple carefully.
By Sally Sima Stahl might spend $10,000 to $12,000 per year on health care • Protect yourself from long-term care costs. No
It’s unfortunate but true: costs. Nonetheless, you can boost your confidence about matter which Medicare plan you choose, it won’t cover
As we age, we encounter meeting these costs by making the right moves. much, if any, of the costs of long-term care, such as an
more health-related issues Here are a few suggestions: extended stay in a nursing home. You may want to consult
– and they carry a price • Take advantage of your health savings account. with a financial advisor, who can suggest options to
tag that can get pretty high If you’re still working, consider contributing to a health protect you and your family from long-term care costs,
in retirement. Will you be savings account (HSA) if it’s offered by your employer. which can be considerable.
ready for these costs? This account allows you to save pretax dollars (and And, of course, do whatever you can to stay healthy,
Perhaps your first step possibly earn employee matching contributions), which before and during your retirement. It’s been shown that
in preparing yourself is can potentially grow, and be withdrawn, tax-free to help exercise and a balanced diet can help you feel better,
knowing what you may you pay for qualified medical expenses in retirement. maintain your weight and even reduce the likelihood of
be facing. Consider this: • Incorporate health care expenses into your overall developing some serious illnesses.
80 percent of Americans 65 and older have a chronic financial strategy. As you estimate your expenses in By making the right financial moves and taking care
condition and 42 percent live with a disability, according retirement, designate a certain percentage for health care, of yourself, you can go a long way toward managing your
to the National Coalition on Aging and the Centers for with the exact amount depending on your age, health health care costs in retirement – and enjoying many happy
Disease Control and Prevention, as reported in a recent status, income and other factors. You’ll certainly want to and rewarding years.
Edward Jones/Age Wave survey titled Four Pillars of the include these costs as a significant part of your planned This article was written by Edward Jones for use by
New Retirement: What a Difference a Year Makes. The retirement budget. your local Edward Jones Financial Advisor. Edward
study also found that retirees’ greatest financial worry is • Learn what to expect from Medicare. You can Jones. Member SIPC.
enroll in Medicare three months before you turn 65. Edward Jones, its employees and financial advisors
are not estate planners and cannot provide tax or legal
Before you sign up, you’ll find it helpful to do some
Medicare Corner research on what Medicare covers, or perhaps even attend advice. You should consult your estate-planning attorney
a seminar or webinar. On the most basic level, you’ll need
or qualified tax advisor regarding your situation.
With Kathy O to choose either the original Medicare program, possibly Call me for a free portfolio review at (561) 748-7600,
Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
supplemented with a Medigap policy, or Medicare
106, Jupiter, FL 33458.
Advantage, also known as Medicare Part C. Given
As an insurance
agent who specializes Experience Dentistry with a Woman’s Touch
in Medicare plans, I am
often asked, “Why do
I need a local agent?”
Medicare can be complex Cosmetic & Comprehensive Restorative Dentistry
and confusing with all the
different options and all State of the Art & Same Day Restorations
the mailers, commercials
that promise the moon, Nitrous Oxide/Oxygen Sedation Available
suggestions, “facts” or
stories you might hear
from friends, relatives or neighbors. In fact, my mom fell Joanne Green, D.D.S.
into this web of confusion, and I watched her struggle
with navigating plans as she moved between North 10887 N. Military Trail, Suite 6
Carolina and Florida and during annual enrollment each Palm Beach Gardens, FL 33410
year. She had complex medical issues and a fixed income
so additional benefits were very important to her. When (561) 622-2815 • www.joannegreendds.com
I would ask her questions about her coverage, she had
no idea and no one to turn to for help. It broke my heart Medical College of Virginia School of Dentistry - Cum Laude
to see her struggle and frustrated me that I didn’t have Hospital of the University of Penn - General Practice Residency Training
the knowledge to help her. I had a life and health license Harvard Dental School - Former Instructor
since 2008 but was only trained in life insurance. I also Boston Brigham and Women’s Dental Group - Staff Dentist
did customer service for property and casualty but could
not offer my own mom the type of support I could give
my clients at work. A close friend working with United
Healthcare Medicare plans encouraged me to take the
training necessary to be appointed and I joined him in
2013 working with Medicare consumers. My mom was
my first client.
Many people are great at Internet research and can
analyze and choose a plan that works for them. But did
you know; if you choose a plan and enroll, you cannot
add a local agent later. Your only resource is the 800
number on the back of your card.
Most extra benefits of a local agent happen after
you enroll. I am a resource for my members. I can
reorder lost cards, answer benefit questions, give a list
of specialists, review notices, claim statements and so
much more. The best part is there is no cost to you the
Medicare recipient!
I’m an educator of Medicare Basics: I guide you
through enrollment. We meet one on one to review and
analyze your specific health situation and needs. We
review the features and benefits and limitations of plans.
I also look up costs of medications, check out doctors
and networks and compare multiple plans with you.
I speak Medicare: Supplement, Drug Plan and
Advantage Plan. For a free Medicare plan review please
call me. Kathy Olejniczak, agent, (561) 212-7640.

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