Medicare is often held up — both admiringly and derisively — as the closest the United States has to a universal healthcare system. Created in a time when "comprehensive health care" meant "employer provided", Medicare was intended to be to medical expense protection what Social Security originally was to income — a foundational pillar of old age security for those who might otherwise find themselves without either medical care or pension upon retiring from full-time employment. Yet far too many retirees, upon reaching the time of life when they are looking forward to, or at least relieved to have available, these governmental "security blankets", find themselves assaulted by complicated eligibility rules, complex coverages, and a myriad of often confusing options. Add in seemingly conflicting advice from retirement "experts", retiree associations and flat-out scam artists, and instead of comfort and security, older folks often find fear and confusion.
This webinar, created and led by one who has personally run the Social Security/Medicare sign-up gauntlet, will reveal lessons learned and bring clarity to the chaos.
Whether you are seeking help in properly planning for a spouse, parent, relative or your own journey through the this retirement "right of passage", harvest the value of experience and join us.
Just a few of the key points to be covered:
- Medicare and Social Security: Sure, they work together — like Android and iOS.
- Signing up: Medicare is about age, not retirement. Sounds simple. But if you get it wrong, there will be punishment — for the rest of your life.
- What is "Open enrollment"? When does it start/end? And what if you miss it? (HINT: Hope you're healthy…)
- Parts A, B, C, D; Policies A-D, F, G, K, L & M : How to avoid drowning in the alphabet soup
- Do you understand co-insurance? (HINT: You'd better…)
- Medicare Advantage: Is it?
- Prescription coverage:
- What's the "donut hole"?
- Approved prescriptions: If the devil is in the details, hell lives in the formulary
- Does it make a difference where you get your meds? (HINT: Oh, yeah…)