Episode 123: Medicare Hacks: Why Your Future Self Will Thank You – with Danielle Roberts

Updated Jun 02, 2020 | Chris Petrie

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My Guest on the Show…

I know, I know – Medicare is not a very sexy topic in life. But, what if I told you there was an opportunity to save thousands of dollars in the future by PAYING attention to Medicare right now?

By the way – did you know medical coverage in retirement is the largest expense you will all face later in life?

And, since I haven’t covered this topic at all on the show, I knew now was the perfect time. I also knew I wanted to bring the best of the best on when it comes to experts in this arena, so I was able to get Danielle Roberts to come on the show.

Danielle is the go-to expert for all things Medicare for the publications like Forbes, the Huffington Post and Readers Digest. She is also co-founder of the uber popular blog and website Boomer Benefits.

But first….

IMPORTANT: This episode is NOT just for those getting ready to hit retirement. There are few things Danielle will share that will save those who are years away from retirement thousands upon thousands of dollars. If you’re like me (35 years old) and you take advantage of what Danielle is talking about in terms of saving money in your later years by starting now, your older self will thank you!

Here’s what you can expect from today’s show:

  • How did Medicare first get started?
  • How does Medicare Part A work?
  • What you need to know about Medicare Part B
  • Why Danielle loves Medicare Part C the most
  • Medicare Part D: A tip to ask your doctor to save you thousands
  • How to use your Health Savings Account with Medicare
  • The average amount a couple pays for medical in retirement
  • What resources do baby boomers have available right now

And of course, if you know anyone who already 65 or getting close to it, PLEASE do them a favor and share this episode with them. They will be so glad you did.

Are you enjoying the podcast?

If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

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The Money Peach Podcast is brought to you by my live coaching program, Smart Money Academy.

Smart Money Academy is not an online course, but rather a live coaching program showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, and how to build a legacy to last beyond your lifetime.


Mentioned in this Episode

Boomer Benefits

Boomer Benefits Free Webinar

 

Show Notes


Why you need to think about Medicare now, not later! [2:33]

4 parts of Medicare: Part A [5:53]

Part B [7:51]

HSAs and tax benefits [8:48]

Part C [11:50]

Part D: Danielle’s favorite part! [16:24]

Comparing to Canada and England [22:10]

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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