A partnered financial advisory firm used Caribou's Healthcare Planning Assessment and uncovered that Susan was approaching Medicare eligibility.
Susan retired early and is currently on her retiree health plan, which has criteria surrounding how to enroll in Medicare. More importantly, Susan wants to keep her current providers (i.e hospital & primary care physician) and prefers the flexibility of not needing to seek a referral to see a specialist. In addition, Susan has a second home out-of-state and plans to travel during retirement.
Using the information provided in the Healthcare Planning Assessment, Caribou was able to assist Susan's financial advisor in generating a report listing 3 options for Medicare enrollment based on Susan's preferences.
The report outlined associated costs and her maximum exposure in terms of cost within the year, and included drug costs and which providers she’d be able to keep.
As a result, Susan was able to proactively make an informed decision about her health insurance in a conversation with her financial advisor based on the report provided. The financial advisor also better understood the expected costs for the upcoming year.
Brian was better informed about his options while making decision, and him and his financial advisor felt confident in the mother's needs, as well as associated costs, of choosing certain options over others.
Clarified the various transitions of care (hospital to rehab, and rehab to long term care), while also introducing the option of at-home care.
Cross referenced chosen care with what was covered by his mother’s insurance
Ensured his mother was receiving appropriate care (PT, etc.) to work towards her progress goals, checking in with staff regularly.
Helped Brian arrange for the appropriate equipment delivery to set up the home safely.
Brian was better informed about his options while making decision, and him and his financial advisor felt confident in the mother's needs, as well as associated costs, of choosing certain options over others.