Health Care Increases

The Affordable Health Care Act has opened to an interesting response starting in October. Part of Managing your Wealth prior to retirement and after is taking a serious look at the costs you will be paying for Health Care.

If you are on an employer plan, it is usually true that your employer is supporting the cost of coverage somewhere between 50% - 75%. And some are fortunate to be employed with a company that pays 100% for their employees while dependents are paid for by deduction from the employee's salary for coverage.

When you retire and prior to being part of the Medicare Coverage you suddenly are responsible for the entire premium and the usual response is shock to the cost and options of coverage on the individual market.

Let us start that conversation with you and blend into your plan the costs of Health Care. The increase has historically increased annually around 10% per year -

This can not be ignored in your plannng