When you think about retirement destinations, Florida is likely one of the first places that comes to mind. This southern state has plenty to offer for older adults – here’s why many people choose it as their home base in their later years.
One of the biggest reasons why older adults to choose to move to Florida is for the tax breaks. This allows seniors to keep more of their money and live a comfortable lifestyle. There’s no state income tax, estate tax, or inheritance tax. Florida also does not charge taxes on Social Security income or other forms of retirement income. These financial benefits are excellent for seniors looking to save money.
Another reason why many older adults choose to move to Florida is the community. Since Florida attracts so many older adults, it’s easy to find people you have something in common with and make new friends. Throughout Florida, there are plenty of social groups that cater to older adults where you can try new activities and get to know your neighbors.
Of course, it’s hard to beat the warm weather that Florida has to offer. With sunny days for more than two-thirds of the year, you’ll be able to get outside and enjoy the area’s beautiful beaches. It also never gets too cold, and you won’t have to worry about snow or rain.
Florida is also full of cultural attractions that will keep people of any age entertained. The state is known for its theme parks – Orlando is home to Disney World, Universal Studios, and more. Miami is a center for arts and culture, and hosts the world-famous Art Basel festival every year. The state’s proximity to Latin America also has a huge influence on local culture. You’ll find plenty of fascinating music and food here from all over the world.
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Older adults should consider their healthcare options before moving to any new state. Medicare coverage is available to most adults in Florida who are over the age of 65, as well as disabled residents. Original Medicare provides coverage for inpatient hospital services through Part A and outpatient services through Part B. If you want to supplement your healthcare coverage, you can purchase a Medigap or Medicare Advantage plan, which provides coverage for additional services. Optional Part D plans provide prescription drug coverage. Florida has plenty of trusted options for specialized medical care, which makes it a great place for older adults.
With so many amenities, Florida is an excellent place to spend your later years. If you’re interested in learning more about your Medicare options in Florida, contact Time For 65’s licensed partnered agents today. Fill out this form or give us a call today to see how we can help.
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