Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

It is time for open enrollment for every insurance option—including Medicare. Are you confused? You are not alone. If you are not 65 and do not qualify for Medicare yet—do not tune out. This episode is for you, too. Everyone nearing retirement age needs to understand the process and the costs. So in this episode of Best in Wealth, it is my goal to help you understand the basics of Medicare. [bctt tweet="In this episode, I share a simple guide to understanding Medicare. This is something everyone nearing retirement age NEEDS to understand. Don’t miss it! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [4:47] Step #1: What is Medicare? [7:31] Step #2: What does Medicare cost? [10:54] Step #3: What does Medicare cover? [14:34] Step #4: Understanding supplemental coverage [23:29] Medicare planning is for everyone What is Medicare? Medicare is split into three parts: A, B, and D. Part A is hospital coverage,