Congratulations!
After years of hard work, you are finally able to retire. While this is an exciting time to start the next chapter of your life, it also can be overwhelming to know which steps to take first. Consider the following questions:
Retirement Planning
- How do I find out how much income I can expect from TRS or another state-provided plan?
- What happens to my 403(b) or 457(b) plans?
- What about Social Security Income?
Health Insurance
- What happens to my Health Insurance?
- Should I stay in a state-provided plan (E.g. TRS Care) or transition to Medicare?
- How does Medicare work?
- What is the difference between the Medicare Advantage Plan and a Medicare supplement (Medigap) plan?
- Do I pay for it? If so, what is the cost and how are premiums deducted?
- Are there deadlines?
Supplemental Benefits
If you have supplemental plans like life insurance, dental, vision, cancer insurance, disability insurance, long term care/assisted living, we can explain the effect retirement will have on them.
- What plans can I keep?
- How do I pay for them?
- Will the premiums change?
First Financial Medicare Solutions will help you adjust to life after retirement.
