Financial planning covers many areas. One topic clients ask me about all the time is Medicare and related issues. I am not a Medicare expert, but it is important for me to have a way to assist clients with these decisions.
Therefore, I would like you to know that we have some specialists who can assist clients in their decision-making process. Medicare is especially important because soon, October 15th - Dec 7th, the Annual Election Period will be under way. The following is some information from Sherri Murdock, Senior Insurance Agent and Broker with Murdock Insurance Group, regarding the upcoming enrollment:
"When clients are “aging into Medicare” (3 months before your birthday, the month of your birthday and 3 months following your 65th birthday). I encourage clients to consider taking advantage of a guaranteed issue Medicare Supplement and enrolling into a Plan G. (Plan F will no longer be available to newly eligible beneficiaries beginning January 1, 2020) It offers great value for beneficiaries who are willing to pay a small annual deductible ($185). After that, Plan G provides coverage for many of the gaps in Medicare. It pays for your hospital deductible, copays and coinsurance. It helps to cover the 20% that Part B does not cover.” ~Sherri Murdock, Murdock Insurance Group
I am not compensated for referring you to other professionals, nor do they pay me on products you may decide to purchase. I am simply giving you the names of professionals that I feel will be honest and provide you with the most suitable advice for your situation. If you like, I can always review the information to make sure the advice being offered makes sense for your over-all financial plan. Medicare is an enormous challenge for many and can have financial implications that you may not be aware of until it’s too late.
Sherri Murdock of Murdock Insurance Group is not affiliated with LPL Financial (or DBA name if using one). This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact an insurance agent. Guarantees are based on the paying ability of the issuer.