A physician’s career is built on knowledge, experience, and careful decision-making. But as you approach age 65, a different kind of decision is ahead—one that isn’t about patient care but about protecting your own health and finances.

If you plan to continue practicing beyond age 65, you’re not alone. Many physicians continue working because they love what they do, value the relationships they’ve built, or want to maintain a strong income. Others may be preparing for retirement, but whatever your plans, Medicare decisions and enrollment shouldn’t be delayed. Waiting too long or making the wrong choice could lead to costly penalties that last the rest of your life.

In your career, experience is everything, and years of practice and dedication have allowed you to make informed decisions for the care of your patients. However, when it comes to navigating Medicare decisions alone, the barrage of new information can be complex and confusing, leading to potential gaps in coverage—and costly mistakes.

As we ring in the New Year, there is no better time to focus on one practical resolution: saving money on essential expenses. For Texas physicians, reviewing your home and auto insurance could be an effective way to start the year with extra savings.

Retirement marks an exciting new chapter, offering opportunities to pursue personal passions or spend more time with family. However, it also brings significant changes to your financial and insurance needs. After years of serving patients and building a career, it’s time to start thinking about how your insurance coverage needs will shift. The benefits you've relied on through your employer might no longer be available once you step away from practice.

With October 15th fast approaching, the Medicare Annual Enrollment Period (AEP) will soon be here, running through December 7th. This period allows physicians and their families to reassess and fine-tune their healthcare coverage. Whether you're considering switching plans, adjusting your Medicare Part D Prescription Drug coverage, or enrolling in Medicare for the first time as you turn 65, now is the time to make decisions that will shape your health and finances for the years ahead.

When an accident occurs, the unexpected expenses that follow could catch you off guard. Despite having health insurance, the costs of lab tests, x-rays, professional fees, and other medical expenses and non-medical expenses can accumulate quickly and leave you financially exposed.

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.

Navigating Medicare can be like solving a complex puzzle, with numerous pieces that must fit together just right. Whether you are already enrolled in Medicare and looking to make coverage changes or exploring your choices for the first time, the process may feel overwhelming. Knowing all your options enables you to make informed decisions, helping you manage your health and finances well into the future.