The article provides a comprehensive guide on Medicare planning for lawyers approaching retirement age. Key points include understanding how Roth conversions and income timing affect IRMAA (Income-Related Monthly Adjustment Amount), maximizing HSA contributions before enrolling in Part A, and researching Medigap premiums to understand costs. It emphasizes the importance of obtaining a certificate of creditable coverage if delaying enrollment past 65 and deciding between Medicare Advantage or Original Medicare + Medigap plans. The article also highlights common mistakes such as treating Medicare like employer insurance, missing the Medigap underwriting window, and forgetting about Part D drug coverage to avoid penalties. A timeline is provided for actions needed three years before, one year before, three months before, and at age 65 to ensure smooth enrollment and coverage.
Read the full article at Above the Law
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