Making Sense of Medicare: What You Need to Know Before Open Enrollment Ends (Ep. 144)
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Turning 65 comes with many decisions, and few are as important or confusing as Medicare.
Between Parts A, B, D, Medigap, and Advantage plans, it’s easy to feel overwhelmed by choices and costs.
In this episode, Peter Raskin explains how Medicare works, what each part covers, and how to make informed decisions during open enrollment. He breaks down the differences between Medigap and Medicare Advantage, highlights how income can affect premiums, and shares tips for staying flexible as your health or lifestyle changes.
Peter discusses:
- The basics of Medicare Parts A, B, and D, and what they actually cover
- The difference between Medigap and Medicare Advantage plans, and how to decide which is right for you
- How the open enrollment period from October 15 to December 7 allows changes to plans and coverage
- How IRMAA (Income-Related Monthly Adjustment Amount) can increase premiums based on income
- Why reviewing your coverage annually is key to keeping up with life changes, travel, and evolving health needs
- And more!
Resources:
- Medicare.gov – Official U.S. Government Site for Medicare
- SSA Form SSA-44: Medicare Income-Related Monthly Adjustment Amount Life-Changing Event
Connect with Peter Raskin:
- Raskin Planning Group
- (617) 728-7433
- LinkedIn: Peter Raskin
- Facebook: Raskin Planning Group
- LinkedIn: Raskin Planning Group
Schedule a Time with Peter Raskin:
This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.
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Osaic Wealth, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.