DIABETES, ASTHMA, HEART DISEASE and other chronic health conditions can ruin your plans for an active, fulfilling retirement. Beyond limiting what you can do, such disorders are very costly and may cut deeply into your retirement funds. Preventive care can help on both counts—and because of Medicare, it can be quite affordable. Medicare expanded its roster of free preventive services in 2010, eliminating co-payments and deductibles for many of them. This guide can help you take advantage of preventive services available to you at no charge under traditional Medicare and most Medicare Advantage plans.
Don't Skip Free Wellness Visits
In your first year of enrollment, you're entitled to a free "Welcome to Medicare" exam from your doctor, and you can get annual wellness visits in subsequent years. "These visits are all about doctors getting to know patients as people," says Samuel C. Durso, M.D., director of geriatric medicine at the Johns Hopkins Hospital in Maryland. "A conversation about personal goals and creating a tailored healthcare plan are just as valuable as making a correct diagnosis and offering treatment." Take advantage of the initial exam to talk with your physician about your health, lifestyle, social support system and family medical history, and work with the doctor to develop a plan for the health screenings, immunizations and counseling you may need. Some of those services may be covered by your insurance at no charge to you.
Numerous studies confirm the health benefits of regular exercise. Just walking a little more each day can help. But if you'd like a more structured experience, many Medicare Advantage plans cover fitness and yoga classes as a supplemental benefit—so long as your doctor prescribes them. Check with your plan about its rules.
Medicare covers dozens of free screenings your physician can use to detect potential problems. The following are Medicare-covered tests that you may want to discuss with your doctor.
✔ Abdominal aortic aneurysm. An aneurysm, or weak spot in a blood vessel, can burst if it goes undetected, resulting in severe internal bleeding and possible death. Men over age 65 who have been smokers at any point are at greater risk and should be screened, according to the U.S. Department of Health and Human Services. Women who have smoked may also qualify for free screenings.
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✔ Blood pressure. High blood pressure, or hypertension, has no symptoms, yet most people over 40 are considered at risk. Lowering your blood pressure can reduce the risk of heart disease, stroke and kidney failure.
✔ Breast cancer. Women over 45 should be screened for breast cancer every one to two years and should talk with their doctor at age 40 about when to start. Afflicting about one in eight women in the U.S., the disease trails only skin cancer as the most common cancer in women. But early detection greatly increases your chance of survival.
✔ Type 2 Diabetes. A leading cause of disability and death in the U.S., diabetes increases your risk of heart disease and many other conditions. If a screening test finds you have the disease, your doctor can counsel you on steps—controlling your weight, blood pressure and cholesterol, and giving up smoking—that can help you avoid further damage.
✔ High cholesterol. Excessive cholesterol, which may be caused by smoking, obesity and inactivity, raises your risk of heart disease and stroke. Your physician may prescribe lifestyle changes and medication.
✔ Colorectal cancer. Screening methods and frequency vary. Your doctor can help you determine the best options.
✔ Depression. More than 6.5 million of the 35 million Americans 65 or older experience depression. Effective screening and treatment can greatly help.
You can go to www.mymedicare.gov to sign up for an interactive tool that lets you track the screenings and immunizations you're eligible for. The site also lets you print a personalized report to share with your doctor, and provides more preventive health information.
Regular visits to your doctor, staying fit and getting screened for potential health problems may require a little effort on your part. But the 2010 Medicare rules make it easier and cheaper to make those small investments of time and energy, and they could pay off in something everyone wants — a healthy retirement.
3 Questions to Ask Your Financial Advisor
- How can I incorporate future health care costs into my retirement strategy?
- Should I consider long-term-care insurance even if I'm taking care of my health?
- How can I make sure that I won't be a burden to my children as I age?
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This material should be regarded as general information on health care considerations and is not intended to provide specific healthcare advice. If you have questions regarding your particular situation, please contact your legal or tax advisor.