Healthcare Planning
At Hayes Advisory Group, we believe one of the cornerstones of a successful financial or retirement plan is a well thought out healthcare plan of coverage. Proper healthcare planning is more crucial than ever for individuals and families, medical bills are leading cause of financial ruin in America. Studies indicate a significant percentage of bankruptcies or stressful financial situations are attributable to medical bills.
Why Healthcare Planning Matters
At Hayes Advisory Group, we believe one of the cornerstones of a successful financial or retirement plan is a well thought out healthcare plan of coverage. Proper healthcare planning is more crucial than ever for individuals and families, medical bills are leading cause of financial ruin in America. Studies indicate a significant percentage of bankruptcies or stressful financial situations are attributable to medical bills.
Several important factors should be considered:
- Costs continue to rise for medical and dental procedures.
- The cost of healthcare insurance coverage continues to increase.
- Many Americans may not have adequate coverage or fully understand their coverage or options.
- An illness may have serious consequences for families, such as loss of income, assets and financial and emotional stress.
- Coverage options are complex and can quickly overwhelm even the knowledgeable well prepared.
Your Partner In Personalized Healthcare
Our dedicated team is led by healthcare specialist, R. Brian Beall, CIPA®, CMIP®, CSFS®, CEPA®, and brings unparalleled expertise to guide you through every aspect of the complex healthcare planning process. Whether you are working for a large corporation, small business, self-employed, near retirement or retired, we will work with you to address your questions and tailor a plan of coverage to meet your specific needs and objectives. Our holistic strategy integrates healthcare planning with the broader financial and retirement planning process and takes into consideration your income, tax laws, wealth management and estate planning.
Healthcare planning needs your attention and consideration during various times:
Annual enrollment periods at work or for individual coverage
Pre or Post Retirement
Job changes
Family life events like marraige, divorce, birth of a child or death of a spouse
Moving
Illness Or Disability
Generally, What Are My Coverage Options?
Pre-Retirement Healthcare Options
Retiring prior to age 65 presents unique challenges, as Medicare eligibility doesn’t begin until 65. For early retirees, we provide strategies to bridge the gap between retirement and Medicare. The best option is often the Affordable Care Act (ACA) marketplace. Our team helps you:
- Navigate ACA marketplace plans to find cost-effective options that best suit your budget and healthcare needs.
- Assess premium tax credits to reduce premium costs, optimizing your financial plan.
- Coordinate coverage transitions to ensure seamless protection after you retire and until you reach Medicare eligibility.
By integrating a variety of solutions with your retirement income and tax strategies, we help you avoid unexpected healthcare expenses that could potentially derail your financial plan.
Post-Retirement Healthcare Options
Medicare and Supplemental Coverage
For those approaching or who are over age 65, Medicare is the critical component of retirement healthcare. However, understanding enrollment periods, coverage options and gaps can be daunting. Our team simplifies this process by helping you:
- Evaluate Medicare Parts A, B, C, and D to determine the best fit for your healthcare needs.
- Explore Medicare Advantage plans versus Original Medicare, weighing costs and benefits.
- Select supplemental (Medigap) policies to cover out-of-pocket expenses like copays and deductibles.
- Plan for prescription drug coverage to ensure affordability and access to necessary medications.
Our team takes the time to explain your options, empowering you to make informed decisions that minimize costs and maximize coverage, so you can focus on enjoying your retirement years.
Supplement Coverage Options
Dental, vision, long-term care, international travel and healthcare identity theft may affect you before, during and after retirement. Affordable and comprehensive overage options exist to address each of these healthcare risks.
Our team will walk you through all your options and tailor a personalized plan of coverage to meet your unique situation and specific needs.
Empowering You Through Education
At Hayes Advisory Group, education is at the core of our mission. We believe informed clients make the best decisions, which is why we offer personalized consultations and access to educational courses. These resources cover:
- Key Medicare deadlines and enrollment strategies to avoid penalties.
- Affordable Care Act (ACA) healthcare coverage options.
- Pros and cons of supplemental coverage policies.
- Strategies to integrate healthcare costs into your retirement budget.
Whether through one-on-one consultation or our comprehensive educational courses, we equip you with the knowledge to confidently navigate healthcare decisions, ensuring your plan supports your vision for your retirement.
A Holistic Approach To Your Financial Future
Healthcare planning doesn’t exist in a vacuum – it’s a vital piece of your overall financial and retirement strategy. Our team collaborates to ensure your healthcare plan complements your income planning, tax strategies, wealth management, asset protection, and estate planning. By addressing healthcare costs proactively, we help safeguard your nest egg from unexpected expenses, preserving your hard-earned assets and ensuring your future financial security.
We do not offer every plan available in your area. Any information provided is limited to plans we do offer in your area. Contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all your options. Hayes Advisory Group is not affiliated with or endorsed by any government agency or the Federal Medicare program and calling the office number will connect you with a licensed insurance professional.