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Watch team member William Granger illustrate a tool we use to help our clients with the timing of their Social Security benefits.
4 Medicare Deadlines You Can’t Afford to Miss
Many Americans in or nearing retirement are familiar with Medicare, the federal health insurance program primarily for people age 65 or older. However, many people may not realize that missing key deadlines can result in paying more for these important healthcare benefits over time. To help avoid penalties and higher premiums, keep the following deadlines in mind:1
What if you’re still working after age 65? Depending on the size of your employer, if you have job-based health insurance through your (or your spouse’s) current job, you don’t have to sign up for Medicare while you or your spouse are still working. You can wait to sign up until you or your spouse stop working or you lose your health insurance, whichever comes first. There are many important considerations to weigh here, so be sure to visit Medicare.gov to understand your options. To learn about paying for healthcare expenses in retirement, call the office to schedule time to talk.
September is National Suicide Prevention Month when community leaders, educators, healthcare advocates, survivors and members of the public seek to bring greater awareness to this topic and the underlying mental health issues often associated with it. While suicide impacts individuals and families across all age groups, many people are surprised to learn that those over age 65 account for about 18% of deaths due to suicide, despite making up only 12% of the population. An estimate 90% of these deaths in seniors are thought to be due to untreated or undertreated depression.1
While it’s natural to occasionally feel down or “blue,” when these feelings persist for weeks or months, it may be time to consult with a healthcare provider. According to the Centers for Disease Control, depression is a treatable medical condition and not a normal part of growing older.2 However, as people age, depression can become more difficult to diagnose. That’s because for many older adults, feelings of sadness may not be a primary symptom. Instead, they may experience a loss of motivation when it comes to tasks of daily living or a lack of interest in activities they previously enjoyed. For others, conditions or circumstances, such as chronic pain, grief, loneliness, anxiety, loss of mobility, or diminished hearing and vision may mask traditional signs of depression. Risk factors for depression among seniors include: 3
Where to find help If you or someone close to you is experiencing symptoms of depression, contact a health care provider to be diagnosed and treated. While there are different types of depression, many effective treatments are available, including prescription medications and therapy.
If you or a loved are experiencing mental health-related distress or are in need of crisis support, don’t delay. Contact the 988 Suicide and Crisis Lifeline. Available nationwide, 988 is the new, easy-to-remember number for people seeking help for mental health, substance use and suicide crises. The number will connect you with a trained crisis counselor via phone or text. You can also visit 988lifeline.org to chat with a crisis counselor online. The Suicide and Crisis Lifeline is available 24/7, including holidays.
1 https://www.webmd.com/healthy-aging/features/suicide-rates-older-adults 2 https://www.cdc.gov/aging/depression/index.html#:~:text=Depression%20is%20a%20true%20and,to%20be%20diagnosed%20and%20treated. 3 https://www.nia.nih.gov/health/depression-and-older-adults
This information was written by KRW Creative Concepts, a non-affiliate of the broker-dealer.