Prepare Today for Tomorrow's Healthcare Costs | Own Your Retirement Ep 59

Описание: When most people think about retirement, they focus on savings and income, but healthcare can quietly become one of the biggest financial surprises. In this episode, Albert Lalonde and Tony Shore walk through common healthcare planning mistakes retirees and pre retirees make, drawing on insights from recent national surveys and financial media coverage. They discuss why many people underestimate premiums and out of pocket costs, how Medicare really works, what it does not cover such as dental, vision, hearing, and long-term care, and why simply worrying about costs is not the same as planning for them. The conversation then shifts to practical strategies including long term care insurance, health savings accounts, Medicare supplement policies, employer health reimbursement arrangements, and the role of preventive care. If you want a clearer understanding of how healthcare fits into your retirement income plan and how to avoid costly surprises, this episode offers a thoughtful and grounded perspective to help you prepare with confidence.

Timestamps:
00:02 - Introduction and why healthcare is a top retirement concern
03:23 - Survey insights on fears about healthcare costs
05:39 - Mistake 1: Not budgeting for higher healthcare expenses
06:31 - Early retirement and the cost of pre Medicare coverage
08:15 - Mistake 2: Misunderstanding how Medicare works
10:17 - What Medicare does not cover including dental vision and hearing
10:58 - The gap around long term care coverage
12:17 - The role of healthy lifestyle choices in managing costs
14:36 - Why working with a financial professional matters
16:07 - Real life consequences of high medical expenses
18:36 - Strategy 1: Long term care insurance
19:42 - Strategy 2: Health savings accounts and other tools

📞 Have questions? Need advice? Contact Albert Lalonde at Kaizen Financial Group to set up a consultation today!

👉 Call us at 586-752-7008
👉 Visit us at kaizenfinancialinc.com

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