Health insurance can be one of the most confusing and costly aspects of retirement planning. As we develop a client’s financial plan, we need to clearly outline their options and costs associated with retiree health insurance and Medicare. We then need to incorporate those expenses in their income planning and determine how best to pay for these expenses. In some instances, there may be ways to lessen health insurance costs or provide a more tax-efficient way to pay for the costs.
Failing to understand and plan for retiree health insurance costs can lead to financial challenges or even increased Medicare premiums. This is why our team is well-versed in the options and costs our clients may face as they enter into and enjoy their retirement. We also work with a network of Medicare brokers and other professionals to provide the guidance and support our clients need in order to properly address this important topic.
One of our areas of focus is Connecticut public school teachers. Retiring teachers in Connecticut have unique options and costs for their health insurance. Whether it be board of education insurance or Medicare and the CTRB Medicare plans, our team understands the deadlines and costs associated with these options and are able to factor them into our retiring teacher's planning.