Choosing a Medicare Advantage plan isn’t just about finding the lowest premium or the plan with the most “extra benefits”. The right plan can save you thousands of dollars and make it much easier to get the care you need throughout the year. With about 30 Medicare Advantage plans available in Utah, asking the right […]
By Tyler Haskell, CFP® One of the most common questions I get from clients approaching Medicare is: “Which option costs less over time: Medicare Advantage or a Medicare Supplement?” Well, let’s talk about. Many people assume Medicare Advantage always costs more because of copays. Others believe Medicare Supplements are always worth the higher premium. The […]
By Tyler Haskell, CFP® When people think about Medicare, they often assume that once they turn 65, their healthcare costs are over. Unfortunately, that’s not true. Even with Medicare, you’ll likely have expenses such as: Medicare Part B premiums (Maybe IRMAA surcharges if you’re over the income limit) Medicare Part D premiums Medicare Advantage copays […]
By Tyler Haskell, CFP® If you’ve started looking at Medicare Supplement plans in Utah, you’ve might have heard about High Deductible Plan G. For many people, the words “high deductible” immediately sound negative or too much risk. But here’s what surprises most of my clients… High Deductible Plan G is not like a high deductible […]
When I meet with people turning 65, one of the biggest decisions they have to make is whether to enroll in a Medicare Advantage plan or pair Original Medicare with a Medicare Supplement. There isn’t a “one-size-fits-all” answer. In fact, many Utah residents choose Medicare Advantage for very practical reasons. Here are the five most […]
Turning 65 is an exciting milestone—but it’s also one of the most important times to make informed decisions about your healthcare coverage. Every year, I meet hundreds of people who unknowingly make Medicare mistakes that cost them money, limit their coverage, or create unnecessary stress. The good news is that most of these mistakes are […]
This is a question that get a lot. What Is Utah’s Medicare Birthday Rule? If you have a Medicare Supplement (Medigap) plan in Utah, you may have a valuable consumer protection that many people don’t even know exists. It’s called the Utah Medicare Birthday Rule, and it can give you the opportunity to change Medicare […]
One of the biggest frustrations I hear from people enrolled in Medicare Advantage plans is this: “My doctor recommended the procedure, but the insurance company says I need prior authorization.” If you’ve ever wondered why some Medicare plans require prior authorization while Original Medicare generally does not, you’re not alone. Understanding this difference can help […]
Don’t Let a Simple Medicare Mistake Create an Expensive Tax Problem Health Savings Accounts (HSAs) are one of the best tax-advantaged tools available. They offer tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. Unfortunately, many people approaching age 65 make costly mistakes when Medicare enters the picture. I’ve worked with many clients […]
One of the most frustrating conversations I have with retirees in Utah goes something like this: “Tyler…why did Medicare suddenly raise my premium?” Or: “I thought Medicare Part B was one price for everybody?” If your Medicare premium unexpectedly increased, there is a good chance something called IRMAA is the reason. The good news? IRMAA […]
