Can I Get Help on Medicare and my Healthcare Planning? Do I need Long-term Care?
Navigating Medicare and Healthcare in Retirement - Plan A, B, C, D, E...
Clients: Roberto (62) and Maria Luz (65) Cortez have been married for over 40 years and have two adult children. They work for UC Berkeley as a Professor of Latin Studies and as an Administrative Assistant, respectively and they have great benefits from their work. They are very diligent savers, have put away a nice nest egg, but are interested in looking at long-term care because both of their parents lived to their 90's.
Additional concerns and questions – How we helped them?
What does Medicare cover, and what doesn’t it?
How do Medicare Advantage and Medigap plans differ? What do we suggest for them?
What are the penalties for late enrollment?
How much should Roberto & Maria budget for healthcare expenses?
What strategies can help them manage long-term care costs? Do they need LTC?
Our Solution: We put together for Roberto and Maria a: (1) Retirement Income report (SIPS), (2) portfolio risk analysis, (3) long-term healthcare strategies worksheet evaluating long-term care options, and (4) an Estate Planning worksheet.