As the population ages, many Americans are reaching the age where they become eligible for Medicare, the government-run health insurance program for people 65 or older. However, some people may not sign up for Medicare immediately due to misinformation, procrastination, or other reasons. Unfortunately, delaying enrollment in Medicare can have serious financial consequences.
Are you a federal employee nearing retirement? Discover five crucial aspects of retirement planning for government workers and secure your financial future.
Medicare Gap Insurance, or Medigap, is a private insurance policy designed to supplement Medicare coverage for senior citizens in the United States. The purpose of Medigap is to fill in the gaps in coverage left by traditional Medicare, such as deductibles, coinsurance, and copayments.
Planning financially can help you ease into retirement if you require time to replenish your nest egg or want to take it easy for a while.
Start planning for your retirement with these healthcare strategies.
The Employee Benefits Research Institute has released a paper showing that even Medicare recipients will incur high medical costs in retirement.