In life as we get older we gain knowledge and acquire more experience. As physicians, that can yield professional wisdom and provide greater confidence in how you proceed with your patients.
Health care is one of the largest expenses during retirement. Perhaps you’ve seen the numbers. A 65-year-old retiring today is expected to need over $300,000 for health-related expenses. A lot of those costs are for co-pays, and ever-increasing deductibles. These out-of-pocket costs are why many retirees secure a Medicare Supplement or Medigap policy, to help pay some of the expenses Original Medicare doesn’t cover.
If you are like many physicians, you may plan on practicing well past your 65th birthday. For many physicians, medicine is more than a career, it is a calling. There are few professions as emotionally, intellectually, and financially rewarding as medicine. So, it is understandable why after decades refining your skills and improving countless lives, you may not yet be ready to stop doing what you love.
As a Texas physician you have devoted your life to caring for others, so when it comes to your own care, TMA Insurance Trust wants to make sure you get the quality health care you deserve.
If you are at or nearing retirement, you have probably begun to think about Medicare. But you may also be wondering what happens to my family or my staff if I go on Medicare? If your spouse or dependent children are on your plan, will they lose their coverage? If you are a practice owner with a group policy for your staff, what happens to them when you go on Medicare. This article will help answer those questions.
As a Texas physician who currently has or will soon be eligible for Original Medicare, it is important to understand the limitations of Original Medicare. Health-related costs are one of the largest expenses during retirement. However, with proper insurance planning, many of these expenses can be covered by the insurance company, not by your retirement nest egg.
You may be a practice owner looking for group health insurance for yourself and your staff. Or maybe you’re searching for an individual health insurance plan for yourself and your family. Or it could be that you’re exploring the numerous Medicare options that are available to you.
Choosing a health insurance plan, or making changes to current coverage, can involve some very important decisions. So we suggest you consider getting a second opinion from a specialist – your TMA Insurance Trust advisor.
If you are about to turn 65, we congratulate you! Your 65th birthday isn’t just a personal milestone, it is the time you can finally begin drawing the Medicare benefits which you have paid into all your working life.
