Medicare Explained: Costs, Enrollment, IRMAA & Choosing the Right Coverage | Amplified Wealth

In the latest episode of Amplified Wealth: According to Plan, Kate Fishbein and Tom Farrell are joined by Medicare specialist Charline Covington-Plerqui to break down Medicare and some of the important decisions to consider as you approach eligibility and plan for healthcare in retirement. Episode Highlights: Understanding Medicare Parts A, B, C and D Learn what the different parts of Medicare cover, how they work together and where supplemental coverage may fit into the picture. Medicare Costs and IRMAA Discover how your income can affect Medicare premiums, why Medicare looks back at prior-year income and what options may be available when your income changes. Medicare Advantage vs. Supplemental Coverage Explore some of the key differences between Medicare Advantage and Medicare Supplement (Medigap) plans, including premiums, out-of-pocket costs, provider networks and long-term considerations. Why Enrollment Timing Matters Learn about Medicare's different enrollment periods, what to consider if you're still working at age 65 and how missing certain deadlines may result in lasting penalties. Part D, HSAs and Other Planning Considerations The group discusses prescription drug coverage, recent changes to Part D, important HSA considerations and why reviewing your Medicare coverage each year matters. And much more! Tune in now to Amplified Wealth: According to Plan and subscribe on all of your favorite podcast platforms (links above). If you have any comments, questions or suggestions on format, guests or otherwise, please feel free to email us at amplified@withumwealth.com.