Preparing for Healthcare Costs in Retirement
October 7, 2025
Healthcare is one of the biggest expenses retirees face — but with proper planning, it doesn’t have to catch you off guard. FRS retirees may qualify for the Health Insurance Subsidy (HIS), helping offset costs for coverage after you leave employment. Understanding how HIS fits with Medicare and supplemental insurance can make a big difference in your budget. Our team specializes in helping FRS members plan for healthcare costs so you can focus on enjoying retirement, not worrying about medical bills.
The Deferred Retirement Option Program (DROP) is one of the most powerful benefits available to FRS members. It allows you to keep working while your retirement benefits accumulate in a separate account — earning interest the entire time. Many members use DROP as a bridge to maximize income before fully retiring. If you’re nearing eligibility, we can help you understand how DROP fits into your long-term plan and how to make the most of your benefits.
Choosing between the FRS Pension Plan and the FRS Investment Plan can feel overwhelming — but it doesn’t have to be. The Pension Plan offers a guaranteed lifetime benefit , while the Investment Plan gives you control and flexibility over how your money grows. The best choice depends on your years of service, retirement goals, and risk comfort level. Our advisors can help you compare both options and build a personalized retirement strategy that fits your future.
