Inheritance Planning Made 123Easy
Welcome to Inheritance Planning Made 123Easy, where father-son duo David and Ian Schaeffer bring a family-centered approach to inheritance planning, retirement security, and building legacies that last. As part of American Retirement Advisors, David and Ian have helped countless families protect what matters most and ensure that what they’ve built is preserved for generations to come.
In each episode, they’ll walk you through the essential steps of inheritance planning, from organizing vital documents to protecting assets, minimizing taxes, and communicating family values and goals. With a focus on the “3 P’s” of inheritance planning—Prepare, Protect, and Preserve—they’ll show you how to align today’s financial choices with tomorrow’s family needs, keeping relationships and family dynamics at the heart of the process.
David and Ian don’t just talk about inheritance planning for clients—they bring their own family into the conversation. Join them as they discuss the plans David is putting in place for Ian, his sister, and granddaughter, sharing personal stories and expert insights to help you make confident decisions for your loved ones.
Whether you’re just starting your inheritance planning journey or refining an existing strategy, Inheritance Planning Made 123Easy offers clear guidance, real-life examples, and practical advice at every stage. Ready to take the next step? Tune in, and let’s make inheritance planning simple, supportive, and family-focused!”
Inheritance Planning Made 123Easy
S1E58 Switching Med Sups is What’s Up!
S1E58 Switching Med Sups is What’s Up!
In this week’s success story, we turned a frown upside down! We provided solutions when a birthday increased a client's Medicare supplement premium!
Important information:
Workshop Schedule and Registration: www.123EasyMedicare.com
Call the office: 602-281-3898
Email Adam: Adam@AmericanRetire.com
Success Story
By David S Edge
Switch F to G!
Gloria called our office recently. She seemed to be quite frustrated, having just received another increase in the monthly premium for her Medicare Supplement (Medigap) Plan F. She just celebrated her birthday and turned 71. Now her premium had gone up to almost $240 a month.
I empathetically took Gloria’s call and let her vent a bit, as no one likes to get an increase in premiums. “When I was 65 and enrolled for the first time, my premium was only $120!” she exclaimed. “Now, just six years later, the premium has almost doubled!” she cried.
My reply was what I say several times a day, “How can we help?”
In a nutshell, she just wanted to know what her options were.
“Well, there are a few options,” I began. “You can always switch to a Medicare Advantage plan during the Annual Election Period October 15th through December 7th. The new plan would start January 1st of the new year. "Good news...many doctors are on multiple plans!"
“But those are network plans, and I want the freedom to go where I want with no co-pays,” she said. So we quickly ruled out that option.
The other option I offered was to switch supplement plans. Gloria could go from Plan F to Plan G. Curious, she asked for the details on making that type of change.
Healthy individuals who can answer the medical underwriting questions can switch their Medicare Supplement (Medigap) any month of the year. “By switching from Plan F to Plan G, you could reduce your monthly premium, " I calmly explained. “The only difference in F and G is that F pays the Part B $203 deductible, and with plan G, you pay the once a year Part B $203 deductible. Other than that, the plans are identical. So, you would be saving even after paying the small deductible."
“Do I have to take a physical?” she asked.
“No, we ask questions from the applications,” I replied. “If you can answer “no” to each question, you can probably switch. (Applications are subject to full underwriting). It’s that simple. Some carriers don't even require the underwriting if you keep your policy with that insurance carrier and are just switching plans.”
“I’m so glad I called!" She exclaimed!
So, if you have Plan f? It pays to shop!
