Treat Health as Wealth
Good health can lead to a more vibrant life with greater independence, the ability to stay active longer, and a higher quality of life at every stage.
By investing in your health — through exercise, healthy eating, regular check-ups, stress management, and understanding your healthcare options — you protect your present well-being and secure a brighter, more fulfilling future.
Prioritize Your Health in Retirement
Your health should always be a priority.
Without health, material wealth loses its value. Whether maintaining physical fitness, caring for your mental well-being, or finding emotional balance, prioritizing your health ensures that you can fully enjoy each chapter of your life.
As you plan for and transition into retirement, stay focused on managing your emotional, physical, and mental health — and maximizing all of the benefits available to you.
Health Insurance Options After Retirement
Medical expenses that aren’t carefully planned for and protected against can quickly deplete your hard-earned retirement income.
And accumulating all the wealth in the world means nothing if you aren’t well enough to enjoy a long and fulfilling retirement.
Choose a healthcare plan that protects you against the unexpected — while also helping you maintain your health as you age.
Types of Health Insurance for Retirees
Below are some of the most common forms of healthcare utilized by American retirees.
Often referred to as Original Medicare, Medicare is the Federal Health Insurance program for people 65 years and older as well as younger people will special circumstances. While funded in part by taxes, Medicare is not free and doesn’t cover everything.
Also known as Medigap, this insurance helps cover costs not covered by Medicare, such as copays and deductibles. You can enroll when you turn 65 and have Medicare Part B.
Available to those turning 65, Medicare Advantage plans offer an all-in-one solution that covers hospital, medical, and often prescription drug coverage, with added benefits like vision and dental.
Medicare Part D provides prescription drug coverage, either through standalone plans or as part of a Medicare Advantage plan. For people with Medicare Part D, annual out-of-pocket costs are capped at $2,000 as of 2025 thanks to the Inflation Reduction Act.
For retirees with limited income, Medicaid can supplement Medicare or provide full health coverage, offering essential support for long-term care or extensive medical needs. Eligibility varies by state, so it’s essential to review your qualifications.
Dual-eligible special needs plans (DSNP) provide additional vision and hearing coverage plus other benefits with lower premiums to eligible Americans. DSNP is for people who are already enrolled in both Medicare and Medicaid.
Long-term care insurance is designed to help cover the cost of long-term care services, such as nursing home care, in-home care, and assisted living, which are not typically covered by Medicare.
Retirees who are veterans may qualify for health care through the Department of Veterans Affairs. VA health care provides comprehensive services, including hospital care, outpatient care, and medications.
If offered by your former employer, retiree health insurance can provide continued coverage after retirement. This option may help bridge the gap until Medicare eligibility.
Private insurance plans can fill the gap until Medicare begins. Many retirees explore these plans through the marketplace of the Affordable Care Act (ACA) or other private options.
Decoding Medicare
Medicare can be overwhelming. We’re here to help you navigate everything you need to know — from what Medicare covers, to what it doesn’t, and how to choose the best path forward.
- What Medicare covers — and what it doesn’t include
- Ways to expand coverage for a comprehensive plan with controlled costs
- The differences between Medicare Advantage and Supplemental Insurance plans
- How to select the best strategy for your lifestyle and budget
Enjoy The Fruits of Your Labor
Retirement is the time of life to enjoy everything you’ve worked hard for — not to stress about unknowns. My Guide To Retirement is here to ensure you’re prepared in retirement, so that you can focus on and enjoy what matters most to you.
Explore the key differences between Medicare Advantage and Supplemental Insurance, their benefits, limitations, and how they might fit into your overall retirement health plan.
Explore the key differences between Medicare Advantage and Supplemental Insurance, their benefits, limitations, and how they might fit into your overall retirement health plan.
