As 2022 makes way for 2023, it's time to sit down with your Fort Worth retirement financial advisor to get the most out of your Health Insurance in retirement.

Year End Health Insurance Planning

Blog

Planning for your retirement is not just about putting away cash into special accounts and accumulating assets and investments. It’s also about anticipating your future needs and expenses so that you’re ready to meet them when the time comes. This is why having a Fort Worth retirement financial advisor to help you is so important. They make sure that your Fort Worth retirement planning covers every conceivable need, such as making sure that you have access to health insurance in retirement. Retire Guides is here to give you advice for the future and put you in touch with a Fort Worth retirement financial advisor who will help you with your Medicare planning to ensure that you will have enough health insurance in retirement.  

Health Insurance as Part of Fort Worth Retirement Planning

Medicare and Medicaid may not always be enough to meet your needs. That's why your Fort Worth financial advisor will insist that health insurance in retirement be a key component of your retirement plans. The simple truth is that as you get older and reach your golden retirement years, visits to the doctors and various medical procedures will become more and more common. Having enough health insurance ensures that you can always afford to get yourself and your loved ones the care they need. It is also a part of your Fort Worth retirement planning that needs to be checked up on and adjusted on a regular basis. Every end of the year is one such occasion.

Year-End Health Insurance Planning

As 2022 ends, your Fort Worth financial advisor will tell you that there are still a few ways that you can maximize the utility of your health insurance. If your health insurance offers a preventive wellness benefit and/or flexible spending account, your ability to use those benefits may end within the plan year this December, so make sure to maximize your benefits before the end of the year. Most health insurance plans offer wellness benefits for preventive health measures, such as annual wellness exams, cholesterol screening, mammography, pap smear, prostate exams, vaccines, and more. If you have a health plan that offers a flexible spending account or FSA, you can use these funds to pay for copayments, deductibles, and other health care costs. This money usually must be used within the plan year. If you’ve been putting off any medical care, be sure to take advantage of your FSA before the year ends.

Make Health Insurance Part of Your Fort Worth Retirement Planning

Planning for health insurance in retirement year in and year out is a sensitive and personal topic requiring a lot of trust and faith to exist between yourself and your Fort Worth retirement financial advisor. Retire Guides is here to make put you in touch with professionals who make sure that your Fort Worth retirement planning will take into account things like health insurance. The search for the right Fort Worth financial advisor is only an appointment away! Pick up the phone and give us a call!