This week’s post is a shout out to some of my older readers who’ve begged me to dig into this topic. To my younger readers, I encourage you to keep reading. Knowing the basics of Medicare can help you better understand your parents’ and grandparents’ health plans, but it may also help you better understand some of the issues that come to the surface in the upcoming 2020 election.
You may wonder why a financial educator would cover the topic of Medicare – doesn’t that fall into the health care arena? It does, but health care is also a financial concern especially when you’re nearing retirement age. When I lead retirement seminars, the two biggest questions that come up are: Do I have enough money to retire? How will health care work and how much will it cost? Let’s dig in to learn a little more about that second question.