NEARING 65 YEARS OF AGE? HELP NAVIGATING THE MEDICARE MAZE

In past blogs, I have recommended dentists subscribe to The McGill Advisory, a practice management newsletter which, in my opinion, continues to provide the most encompassing practice management and personal financial advice.  An article in the November 2014 issue entitled, Navigating the Medicare Maze as You Approach Age 65” by Brad A Kucharo, CFP, CPA and John K. McGill, CPA, MBA, JD, gives invaluable insight into the why’s, when’s, and how-to’s for signing up for Medicare coverage.  And make no mistake, the law says one MUST enroll in Medicare by age 65.

If you, Dr., are close to or over age 65 and have not signed up for Medicare, I urge you to access the above-mentioned article or talk with your own financial advisor about the late enrollment penalty.  The article includes an account of a McGill client’s failure to enroll in Medicare by age 65 as legally required.  You will be shocked at the penalties this dentist who is now 69 years old has absorbed and will continue to have to pay for the rest of his life.

To access the article which appears in the November 2014, Volume 29, Issue 11 of The McGill Advisory, inquire via email at newsletter@mcgillhillgroup.com or go to www.mcgilladvisory.com or call the company at 888-249-7537.