Did You know..
That your clients are correct to be concerned about the cost of their health.. and here is why.
Due to regulations in order to collect Social Security you MUST enroll into Medicare or you will forfeit all benefits from Social Security
The type of assets you hold and earn income on will directly impact your Medicare costs.
Medicare is also means tested, meaning the more your client earns in retirement the more your clients pay in Medicare costs and the penalties range from 40% to 220% more.
Medicare premiums and surcharges due to income are automatically deducted from Social Security benefits. Medicare is inflating at over 7% while Social Security COLA’s are only expected to be 2.8% at best – it is only matter of time before Medicare premiums catch up to Social Security benefits.