The Essentials of Medicare and Retirement Healthcare Planning
This week, join guest host Patrick Haraden from Lockton Companies in Boston for a discussion about Medicare. This episode of McNamara On Money features a practical conversation with experts from Abacus Business Consulting about the often-confusing world of Medicare. The discussion breaks down the major parts of the program, including Part A, which covers hospital care, and Part B, which covers outpatient medical services. The episode also explains the key differences between Medigap supplemental policies and Medicare Advantage plans, noting that Medicare Advantage often functions as a managed-care alternative to traditional Medicare. The guests offer important guidance for people who continue working past age 65, including how Medicare enrollment affects Health Savings Accounts and how to avoid costly late-enrollment penalties. Throughout the discussion, the experts emphasize that Medicare is not a one-size-fits-all decision. Choosing the right approach depends on each person’s doctors, prescriptions, travel habits, health needs, and financial situation. 📅 Want to speak with the team at McNamara Financial? Schedule a consultation today: 👉 https://mcnamarafinancial.com/contact ⸻ McNamara Financial is a family-owned, independent, fee-only financial planning and investment management firm. For over 30 years, we’ve helped individuals and families on the South Shore and beyond navigate their financial futures with clarity, confidence, and care. 💼 Come see what it’s like to work with a fiduciary. http://mcnamarafinancial.com
