Retirement Planning – Four Things to Consider During Medicare Enrollment

As you embark on the next chapter in your life, it’s important to account for healthcare in your financial planning.

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Retirement planning can encompass everything from deciding when to claim Social Security benefits to plotting out leisurely post-profession adventures. However, amid the dreams of leisure lies an often-underestimated component — healthcare. 

If you are nearing the age of 65 or have already crossed that threshold, understanding the various Medicare options available to you is crucial to planning ahead for your health care expenses. The Medicare Advantage and Prescription Drug Plan Annual Election Period, happening October 15 to December 7, is the time to evaluate the plans available to you. On average, individuals have more than 40 different Medicare Advantage plan options, which gives you the opportunity to find a plan that meets your personal health, financial and lifestyle needs. 


Additional Information Humana is a Medicare Advantage HMO and PPO organization with a Medicare contract. Enrollment in any Humana plan depends on contract renewal. Every year, Medicare evaluates plans based on a 5-star rating system. Limitations on telehealth services, also referred to as virtual visits or telemedicine, vary by state. These services are not a substitute for emergency care and are not intended to replace your primary care provider or other providers in your network. Any descriptions of when to use telehealth services are for informational purposes only and should not be construed as medical advice. Please refer to your evidence of coverage for additional details on what your plan may cover or other rules that may apply.

This content was provided by Humana. Kiplinger is not affiliated with and does not endorse the company or products mentioned above.

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