For years, you and your spouse may have contributed to Medicare. Now, the time is approaching when you can finally reap the rewards. While Medicare doesn’t cover everything, it does lighten the load of health care costs for older Americans.
This guide from Transamerica is meant to give an overview of how Medicare works and it helps explain the ins and outs of Medicare in an easy-to-read format. It’s for educational purposes only, and is simply about arming you with knowledge so you can make informed decisions.
Once you have a better understanding of Medicare and how it works you may want to start planning for your future healthcare needs. In doing so you may want to consider these questions:
- Will you continue to work and be covered by your employer’s health care plan?
- Is your spouse working? If so, will both of you be covered under his/her employer’s health plan?
- Have you talked to your company’s human resources representative to confirm how employee insurance works after age 65? For some small employers, Medicare is the primary insurer for workers 65 and older.
This healthcare planning workbook also from Transamerica can help you determine how to plan for your health care in the future.
Please let us know if you have any questions at 414-431-0488.