George W. Schein, JD, CHFC®, CLU®, Nationwide® Advanced Consulting Group
About Nationwide Retirement Institute Retirement savings & income
Health care costs & longevity
Legacy, estate & wealth transfer
Business growth, protection & transfer
Market & news
About Nationwide Retirement Institute
Key takeaways
- Addressing generational health care needs, from baby boomers to millennials, helps financial professionals build trust and stand out
- Planning for rising health care costs is essential for a secure retirement and should be integrated into comprehensive financial plans
- Medicare requires careful decision-making between Original Medicare and Medicare Advantage, each with unique costs and coverages
- Health savings accounts (HSAs) offer a tax-advantaged way for younger workers to save for future health care expenses
Health care costs are a critical aspect of retirement planning, impacting clients across every generation. From rising medical expenses to long-term care needs, these costs require thoughtful preparation and can significantly affect financial security. Medicare decisions add to the complexity, with varying plan options, costs and coverages to consider.
These challenges present a unique opportunity to guide clients in making informed, personalized choices. By integrating health care costs into a holistic financial plan, you can help clients feel more confident that their medical needs will be met. Nationwide provides tools, resources and expertise to help you navigate these discussions and build deeper trust with your clients.