Medicare

Q: My company recently announced another round of layoffs and I expect to be let go. I am 62 and I am a little old to be starting over, so I have decided it is time to retire. This is earlier than I thought it would be, but I feel ready to slow down a little. My main concern is how to pay for healthcare. What do you know about COBRA?

Once again Medicare open enrollment season has arrived. Between October 15 and December 7, you have the opportunity to make changes to your Medicare coverage.

If you are one of the 44 million Americans currently covered by Medicare, you probably know that Medicare’s annual open enrollment period just started. Between now and December 7 you have the opportunity to make adjustments to your Medicare coverage. Paying for health care is one of the biggest financial challenges many people face in retirement. If you are 65 or older, Medicare is probably an important part of your financial picture. However, if you are new to Medicare you may be surprised by Medicare’s complexity and the gaps in your coverage.