Medicare Season is Here | The Big O! Money Show Ep 68

Medicare season is here, and this episode of The Big O! Money Show focuses on the changes retirees and pre-retirees should be watching as healthcare costs continue to rise. Bill Altman, Bill Kizer, and Tony Shore discuss Medicare Part B premiums, Medicare Supplement plans, Medicare Advantage plans, shrinking service areas, provider networks, and what can happen when an existing plan is discontinued. They also explain why retirees should carefully review plan notices, doctors, hospitals, premiums, and out-of-pocket costs before making a decision during Medicare open enrollment. The conversation also covers how healthcare expenses can affect a retirement income plan and why long-term care costs deserve attention well before care is needed. Timestamps 00:02 - Welcome to The Big O Money Show 01:34 - Market volatility, interest rates, and retirement expenses 05:11 - Rising healthcare costs in retirement 05:30 - Medicare Part B premiums and Medicare Supplement costs 07:38 - Moving from employer health insurance to Medicare 09:46 - Medicare Supplement vs. Medicare Advantage plans 10:35 - Medicare Advantage service area reductions 13:09 - Rural Medicare Advantage plan changes 15:45 - Doctor networks and hospital coverage 16:37 - What happens when your Medicare plan is discontinued 16:54 - Medicare open enrollment dates and plan selection 18:38 - Why Medicare plans are changing 21:19 - Rising out-of-pocket and long-term care costs 22:28 - Hybrid long-term care and life insurance strategies 24:06 - Closing thoughts and retirement planning resources Call us at 402-557-6730 or visit www.paradvisor.com to schedule your consultation today! #FinancialAdvisor #retirement #retirementplanning #SocialSecurity #retirementplan #wealthmanagement #ira #rothira #parma #healthcare #RMDs #requiredminimumdistribution #TaxPlanning