Just because you are over 65 doesn’t mean you are ready to leave the profession you love. According to the Bureau of Labor Statistics, over 10 million Americans have reached the traditional retirement age but aren’t ready to stop just yet. Many of your fellow physicians across Texas feel the same way.
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.
You have invested a lifetime of sacrifice and effort to get to where you are now. You saved for years to live the life you want in retirement. Whatever dreams you have for your retirement: travel, reconnecting with family, or just shifting gears to enjoy a slower pace of life, your retirement savings will help make those dreams come true.
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 you were planning for retirement, you probably thought a lot about making sure you would have enough income to cover your medical expenses. However, dental care during retirement is an often-overlooked expense that can take a serious bite out of your hard-earned retirement income.
Retired physicians may be surprised to find out those twice a year visits to your dentist’s office are not covered under traditional Medicare. Medicare supplement plans don’t include dental insurance either. And although some Medicare Advantage managed care plans offer dental benefits, both the network and the coverage could be very limited.
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.
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.
