Discussing Social Security and Medicare Costs and benefits with your clients. Learn tips to assist your clients in choosing the right direction and choose the best options at the right time.
Discussing Social Security and Medicare Costs and benefits with your clients. Learn tips to assist your clients in choosing the best options at the right time.
Jane Eddy, ChFC, CLU, CASL is a local financial advisor with over 33 years experience. She will present an educational program on Medicare and Social Security for aging-in Baby Boomers. She will share information to assist with client discussions on these two topics.
Nearly three-quarters of Americans admit they don’t fully understand how Medicare works and more than half wrongly believe all Medicare coverage is free. Most don’t know that those with higher incomes pay more for their Medicare Part B and D. Did you know that going without qualifying Medicare RX coverage could create a future penalty. Do you know the difference between a Medigap and Medicare Advantage plan?
Many boomers believe they should begin Social Security at 62 because that’s what they’ve heard. Claiming early is not always the best option for your client. Depending on the circumstances taking early benefits could dramatically affect a surviving spouse’s income. We’ll discuss these and other questions such as can you claim on a divorced spouse’s benefits? How much of Social Security is taxable? What if I want to keep my ACA plan instead? And more.