Healthcare Planning
Be more prepared for future healthcare costs, health changes, and surprise medical bills.
How We Plan for Future Medical Expenses
Healthcare is built into the core of your retirement strategy when you work with us. We can help:
Navigate Medicare:
We help you cut through the confusion to help ensure you have the health insurance coverage you need without the expensive overlaps.
Establish Long-Term Care:
We look at the big risks and find the right tools to help preserve your assets and the family home.
Prepare for Inflation:
We factor the high inflation rate of medical costs into your income strategy, so your lifestyle doesn't take a hit as you age.
This service doesn’t stand alone. It ties in with other services as a part of your Raleigh Wealth W.A.Y. to a more confident retirement.
Frequently Asked Questions
Common concerns about planning for healthcare costs in retirement.
Medicare is a federally funded health insurance program for seniors and individuals with qualifying circumstances. It includes four parts:
- Part A: Hospital/facility coverage
- Part B: Medical services
- Part C: Medicare Advantage plans (private coverage replacing Original Medicare)
- Part D: Prescription drug insurance
While both help manage out-of-pocket costs, they function differently:
- Medigap: Supplements Original Medicare coverage.
- Medicare Advantage: Replaces Original Medicare with a private plan.
IRMAA (Income-Related Monthly Adjustment Amounts) is a surcharge added to premiums for Parts B, C or D if your income exceeds certain thresholds.
You can make changes during:
- Annual Enrollment Period (Oct. 15 – Dec. 7): Changes take effect Jan. 1.
- Medicare Advantage Open Enrollment (Jan. 1 – March 31): Any updates take effect April 1.
Medicare involves complex plan options, strict enrollment deadlines and dangerous coverage gaps. Raleigh Wealth Solutions guides you through every option to ensure you make informed decisions and avoid the costly mistakes associated with missed deadlines.
Long-term care costs put significant pressure on your savings. Raleigh Wealth Solutions implements specific asset-protection strategies to preserve your home and ensure care costs do not disrupt the financial legacy you worked hard to build.
Healthcare is a core expense, not a side issue. Raleigh Wealth Solutions builds these costs directly into your retirement income strategy so medical surprises do not throw your entire financial plan off course.
Medicare surcharges (IRMAA) are triggered by income levels from your prior tax returns. Raleigh Wealth Solutions manages your income sources and withdrawal timing to keep you below the specific thresholds that trigger these permanent surcharges.