Healthcare planning = retirement planning

06 Jun 2023 • 74 min • EN
74 min
00:00
01:14:21
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#95: The biggest concern many would-be retirees have, at least in the US, is the cost of healthcare. Not only is healthcare more expensive in the US than in every other industrialized country. There’s also no national health insurance system to control costs or standardize care quality…unless you’re a senior or very poor (or both). In fact, were it not for worries about healthcare, there would undoubtedly be way more US retirees out there today. The average retirement age would drop noticeably. Because no less than your retirement security is at stake, healthcare financial planning is retirement planning. That’s why I invited Bo Bowen to the podcast today to share his unique perspective on healthcare financial planning in retirement. Bo is both a healthcare practitioner (pharmacist) and a certified financial advisor who has specialized in advising on healthcare financial planning and retirement health insurance. His dual background gives him unique insight into the way healthcare financial planning is crucial for retirement security. We discuss:The biggest challenges retirees face when it comes to healthcare planningWhat retirees should think carefully about when it comes to health insurance in retirementHow those considerations change depending on your retirement ageChecklist for choosing the right health insurance plan if you’re retiring soonCommon mistakes retirees make when planning for post-retirement healthcareWhen self-insuring might be your best choice in retirementHow medical tourism can play an important role in retirement healthcareWhat retirees should know about buying health insurance on ACA marketplace exchanges Check it out here: https://hackyourwealth.com/health-insurance-retirement-planning If you’ve already retired, what do you do for health insurance? Knowing what you know now, what (if anything) would you do differently in terms of healthcare planning in the years before retiring? If you have NOT retired yet, how big of a factor is healthcare and health insurance to your decision of when to retire? Let me know by leaving a comment. Don"t miss an episode, hit that subscribe button... If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcher I need your help, please leave a listener review :) If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too! Related links:https://www.healthinsurance.orghttps://www.healthcarebluebook.comhttps://www.medibid.comhttps://www.linkedin.com/in/bo-bowen-1b64341a6Schedule a private 1:1 consultation with meHYW private Facebook community Intro/Outro: Old Bossa by Twin Musicom.

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