Todd Morrissey on Early Medicare Planning, MSAs, HSAs and Medicare, IRMAA, Medicare Supplement Plan G, N, Wealth Management and IRMAA | The Matt Feret Show Podcast | #007
Todd Morrissey is President of Medicare Solutions at Advisors Excel. Advisors Excel is a nationwide firm based out of Topeka. It helps independent financial professionals, advisors, and wealth managers build independent practices.
This episode will give you an insider’s view into why financial planners, wealth managers and their firms haven't typically gotten very involved in Medicare insurance coverage. But, that's changing and Todd reviews why it's very important to start planning for Medicare well before age 64, how taxes and IRMAA play a part of the equation as well as HSAs.
Full episode transcript, notes. quotes and links:
https://themattferetshow.com
"What I will tell you is some individuals who look at a Medicare Advantage and they see what a max out of pocket is, but they say to themselves, "Well, but I'm not paying a premium every month. I can write that check for the max out of pocket." So they know they have that. But you're right. There are some clients where a financial advisor is talking to them and they say, "Look, I want to go to the doctor. I want to not have any out of pocket expense. I just want to pay my premium." Well, then a Medicare Supplement (Medigap) is something that they would consider. The adage of one size does not fit everybody is definitely true in the Medicare space."
-Todd Morrissey, Advisors Excel
The Matt Feret Show YouTube Channel
#HSA, #IRMAA, #Medicare, #Medigap, #MedicareSupplement, #IRMAA, #Financialplanner, #Wealthmanagement, #PlanG, #PlanN, #PrepareforMedicare, #TMFS, #TheMattFeretShow
Hosted on Acast. See acast.com/privacy for more information.
