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Healthcare In Retirement
Healthcare in Retirement
Original Vs Medicare Advantage
Our specialist help client develop a plan based on understanding the differences. This has become one of the most heavily marketed aspects in retirement. With marketing comes a lot of distortion. Our advisors work with you by laying out the pros and cons of both traditional Medicare options and Medicare Advantage. Not to mention if you have retirement group benefits how the compare to the traditional program.
Long Term Care
2 out of 5 individuals will need some form of long term care over their life time. Home Care, Assisted Living, Memory Care, and Nursing Home Care is not covered by Medicare if it is not rehabilitative in nature. Let's make a plan to tackle this exposure.
Foreign Travel
If you have plans to see the world, let's make sure you are prepared for the unexpected. Our staff works with several clients on Foreign Travel Insurance. If you are going for a week or a year we have you covered. Click here to learn more
Medicare Commonly Asked Questions
How do I sign up for Medicare?
Establish an account online with Social Security Administration to elect Medicare Part B?
Do I have to sign up for Medicare if I am still working?
If you have group benefits considered comparable to Medicare and Prescription Drug Plan coverage you would not need to sign up for Medicare. Though if you are on a group retirement plan you would want to consult with one of our professionals to discuss your options.
Does Medicare Pay for Long Term Care?
Medicare does not pay for traditional long term care. The Skilled Nursing Benefit confuses most people about Medicare paying for long term care. The Skill Nursing benefit requires a 3 day prior hospital stay and the care provide be rehabilitative in nature. Medicare does not cover expenses associated with custodial or companion care. Further many state have limited resources for home care and alternative living through Medicaid.
Our Specialist
Terry Salak
Terry specializes in senior health benefits. She has helped hundreds of our clients enroll and choose plans to meet their needs. Terry is liensed and certified to sell insurance products in several states. Click here to schedule a consultation.
Understanding Enrollment Periods
Plans change annually and Terry contacts all her clients to schedule reviews. Some years like 2025 Medicare implemented significant changes which caught some Medicare recipients off guard. It is important to work with a professional who can help you assess the market for each plan year.
Claims Filing
Most healthcare professional take advantage of the automate claims filing systems. If you find your self seeking reimburse or needing to file a claim. Our office is able to help with the claims filing concerns.
Changing your state of residency
Terry is licensed in most states and has the capacity to add more states to her service area. A Special Election Period opens 1 month prior up to 2 months after your move. This election period allows you to join a health and/or prescription plan.
Display their FAQs
How is the insurance professional compensated?
Health plans even if they offer benefits with a $0 plan premium provide compensation to the agent for people she enrolls. The member does not pay the advisor for assistance. Additionally compensation guidelines are established by Center of Medicare/Medicaid Services annually.
Should I contact my agent during the year?
You should always feel comfortable contacting your agent during the course of the year. They are compensated to assist in the enrollment but also receive an on-going renewal to provided service to existing members.
Can I refer a friend who is not a Brookwood Investment Group client?
Brookwood Investment Group, LLC is a Register Investment Advisory and insurance products are offered as an outside business activity. So yes, we would be happy to assist any one with questions and needs. We are a non-discriminatory organization.
Disclosures
Brookwood Investment Advisory
Brookwood is headquartered at 3930 E. Ray Road, Suite 155, Phoenix AZ 85044. It is important to read our disclosures available at this link: https://brookwoodinvestmentgroup.com/disclosures/. Advisory Investments contain risk which may result in the loss of principal.
Insurance Related Recommendations
Our representatives are licensed insurance agents with affiliated or non-affiliated companies. In this role, they may recommend certain insurance-related products for which they may receive compensation via direct commissions. This creates a potential conflict of interest, as the commission earned could influence their recommendations. It is crucial that you review your representative's Brochure Supplement to understand any potential conflicts.
You are under no obligation to purchase any commission-based products from our representatives. You are free to purchase insurance-related products recommended by our representatives through other, non-affiliated representatives and/or companies.
Tax and Law
Our advisors do not give legal or tax advice. You should always consult with a licensed professional in these areas concerning your financial plan. Our professionals may provide referrals but do not practice law nor prepare tax documents.