Medicare Planning

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Medicare Planning

Navigate Medicare complexity and minimize premiums with expert guidance

Medicare Planning

Medicare is confusing. Parts A, B, C, D. Medicare Supplement versus Medicare Advantage. Enrollment periods and penalties. IRMAA surcharges. Prescription drug coverage. Coordination with employer insurance. Most people feel overwhelmed by the complexity and worried about making costly mistakes.

 

At Paladin Retirement Advisors, we provide comprehensive Medicare planning guidance to help you navigate enrollment, evaluate your options, choose appropriate coverage, and implement strategies to minimize premiums. With AHIP Medicare certification and years of experience helping Bucks County families, we make Medicare understandable and ensure you’re properly protected.

Understanding Medicare Basics

Original Medicare: Parts A & B

Part A (Hospital Insurance)

Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health. Most people pay no premium for Part A.

Part B (Medical Insurance)

Covers doctor visits, outpatient care, medical equipment, and preventive services. Standard premium in 2025 is $185 monthly, though high earners pay more through IRMAA surcharges.

Original Medicare alone has significant gaps: deductibles, 20% coinsurance with no out-of-pocket maximum, no prescription drug coverage. You need additional coverage.

Part D (Prescription Drug Coverage)

Standalone prescription drug plans that work with Original Medicare. Required to avoid penalties unless you have creditable coverage elsewhere. Plans vary significantly in formularies and costs.

Medicare Supplement (Medigap)

Private insurance that fills the gaps in Original Medicare. You pay a monthly premium but have predictable out-of-pocket costs. You can see any doctor who accepts Medicare nationwide. Plans are standardized (Plan G is most common in 2025).

Medicare Advantage (Part C)

Private insurance that replaces Original Medicare. Includes Parts A, B, and usually D in one plan. Often lower premiums but network restrictions and higher out-of-pocket costs when you need care.

Our Medicare Planning Process

Initial Enrollment Guidance

Your Initial Enrollment Period is crucial. Miss it, and you face lifetime penalties. We ensure you understand:

When to enroll

Typically 3 months before to 3 months after your 65th birthday, unless you have creditable employer coverage allowing delay.

What penalties to avoid

Late enrollment penalties for Part B (10% per year, lifetime) and Part D (1% per month, lifetime) can cost thousands.

Employer coordination

If you're still working with employer coverage, we analyze whether to delay Medicare or enroll immediately.

Special enrollment rights

Understanding when employer coverage loss triggers special enrollment periods.

Coverage Comparison & Recommendation

We help you evaluate Medicare Supplement versus Medicare Advantage considering:

There’s no one-size-fits-all answer. We analyze your specific situation to recommend the optimal approach.

Plan Selection & Enrollment

Once you’ve decided on Supplement or Advantage, we help you:

IRMAA Premium Reduction Strategies

High-income Medicare beneficiaries pay surcharges (IRMAA) on Parts B and D based on income from two years prior. In 2025, surcharges apply when 2023 income exceeded $103,000 (single) or $206,000 (married).

These surcharges operate on cliffs—$1 over a threshold costs thousands annually. We coordinate your retirement withdrawal strategy to minimize IRMAA surcharges when possible, potentially saving $3,000-$6,000+ per year.

We also help you file appeals for life-changing events (retirement, divorce, death of spouse) that may reduce surcharges.

Annual Review During Open Enrollment

Medicare plans change every year. During Annual Enrollment Period (October 15 – December 7), we review:

Book Your Complimentary Discovery Session

Key Benefits of Our Medicare Planning

Avoid Costly Mistakes

Prevent lifetime penalties, enrollment errors, and coverage gaps that can't be undone.

Choose Appropriate Coverage

Understand the real differences between Supplement and Advantage and select what truly fits your needs.

Minimize Premiums

Implement IRMAA avoidance strategies that can save thousands annually for high-income retirees.

Ensure Drug Coverage

Select prescription plans that cover your medications at preferred pharmacies with lowest costs.

Coordinate with Overall Strategy

Integrate Medicare decisions with your retirement income, tax planning, and Social Security claiming.

Ongoing Support

Receive annual reviews and guidance as your needs and plan options change.

Common Medicare Questions

It depends on your health, doctors, budget, and preferences. We analyze your situation and explain trade-offs clearly so you make an informed decision.

Possibly, but not guaranteed. Switching to Supplement requires medical underwriting in most states after your initial period. Plan carefully at the start.

It depends on employer size and policy. We coordinate to ensure smooth transition without gaps or penalties.

Through strategic retirement withdrawal planning and Roth conversion timing. We coordinate income strategies with Medicare enrollment.

If your employer has 20+ employees, you may delay Medicare Part B without penalty. We analyze whether delaying makes sense for your situation.

Who Needs Medicare Planning

Our Medicare guidance serves:

Medicare and Your Complete Retirement Plan

Medicare planning doesn’t exist in isolation. We coordinate with:

Social Security claiming

Medicare Part B premiums are deducted from Social Security, affecting net income.

Tax planning

IRMAA is based on modified adjusted gross income, so withdrawal strategies affect premiums.

Long-term care

Understanding that Medicare doesn't cover long-term care, only short-term skilled nursing.

Estate planning

Ensuring Medicare is properly integrated into your overall healthcare and financial strategy.

This comprehensive coordination is what distinguishes our planning from simply helping you fill out enrollment forms.

Real-Life Medicare Success

A client couple both earning high retirement income faced IRMAA surcharges of $6,000 annually. Through strategic timing of Roth conversions and careful management of capital gains realizations, we kept their modified adjusted gross income just below IRMAA thresholds, eliminating the surcharges entirely. Over 20 years, this strategy saved them $120,000 in Medicare premiums—money they kept for spending and legacy rather than unnecessary surcharges.

AHIP-Certified Medicare Expertise

Jeff Beyer holds AHIP (America’s Health Insurance Plans) Medicare certification, demonstrating comprehensive knowledge of Medicare rules, regulations, and best practices. This certification ensures you receive accurate, current guidance from an advisor with proven Medicare expertise.

Related Services

Tax-Efficient Withdrawal Strategies

Minimize IRMAA surcharges

Retirement Income Planning

Coordinate Medicare with income sources

Long-Term Care Planning

Cover what Medicare doesn't