Financial advisors - clients want healthcare advice
Address client needs
According to a new study published by Nationwide Retirement Institute, 78 percent of clients expect their financial advisors to provide advice on healthcare.
Healthcare costs are a major concern as adults age, the study notes, and clients are looking for advice. According to the report, 46 percent believe it is very important to discuss healthcare costs in retirement with a professional financial advisor.
Because this is becoming such an important issue for clients, financial advisors are increasingly expanding their services around healthcare.
At a minimum, advisors can help clients project their healthcare spending in retirement and build this cushion into their planning strategy.
But more and more advisors are recognizing that clients need advice beyond just paying for their care, and are partnering with healthcare and insurance advisors to provide good advice in this complicated area. From Medicare strategies and costs to long-term care and out-of-network bills, advisors that provide access to advice in this area are able to offer comprehensive wealth management and give clients peace of mind.
Bernard Health’s Healthcare Extension gives financial advisors access to a team of licensed, noncommissioned healthcare advisors who answer client questions, lead seminars, complete analyses and deliver personalized healthcare recommendations each fall. Through the partnership, planners can roll healthcare advisory into their practice without hiring a dedicated staff member. Learn more by clicking below.
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