For many Americans, health care costs are a major source of stress and anxiety, even more so for those approaching or currently in retirement. Typically, health care costs are accounted for as part of your retirement spending needs within your financial plan with a clear distinction between planning for annual health care insurance premiums (in addition to out-of-pocket expenses) and planning for long-term care expenses.
With any new beneficiary, the first thing we review is which additional coverage works for them. We use current prescription and doctor information to determine plan options. Finally, we review the benefits of the plan, just as we discuss the priorities of the beneficiary regarding monthly costs. Reviewing each of these items in the context of plan benefits allows us to find a plan which fits the beneficiary.
With existing Medicare beneficiaries, we review their plan annually, updating their prescription and doctor information, checking if other options have since become a better fit.
The WFS Healthcare advisory services team is here to educate, manage, and oversee all aspects of your healthcare, Medicare, insurances, and costs—that is, through a personalized approach for each individual based on their health status, retirement age, coverage choices, and employer subsidies.
