Articles and updates Receiving oral and written notice of a proposed discharge from one care setting to another is essential. Similarly, good discharge planning for patients, their families, and their healthcare providers, paves the way to successful transitions from one care setting to another. Good discharge notices and good discharge planning should go hand in hand.
Yet new retirees are largely unprepared to deal with this mandatory health care program, especially if they've been automatically covered by health insurance at work. The biggest shocker is that Medicare is not automatic; you have to sign up for it within a specified period of time.
And it is not free; there are monthly premiums, deductibles, and copayments. And it does not cover everything. Supplemental insurance is essential, but choosing the right policy is no easy task. And even then, long-term care expenses are not covered. Regardless of how healthy your clients are now, they must prepare for serious medical costs in retirement.
This is one of the most critical aspects of retirement planning, because all it takes is one unexpected, large medical expense to decimate a client's assets and derail a financial plan. Interestingly, the healthiest people with the longest life expectancies end up spending the most on health care and are the ones most likely to need costly long-term care.
Here are some results from a recent survey of pre-retirees: But here's the other problem: Most advisors don't know the answers to these questions either. Click to Learn More. Your clients and prospects need you to help them integrate Medicare and overall health care financial planning into their retirement plan.
And if you're familiar with Elaine's hugely popular Savvy Social Security Planning for Boomers program, you'll get a sense of what she has planned for you and your clients regarding health coverage and Medicare.
Any advisor working the retirement income planning niche needs to understand how Medicare never pay events works, what the program's limitations are, and how your clients can fill in the gaps to preserve their financial security.
Savvy Medicare Planning will enable you to: Speak knowledgeably with clients and prospects about Medicare and health care financial planning.
Deepen your relationships with clients by helping them with this complicated and important part of their retirement plan. Deliver excellent service by providing information, resources, and guidance geared to each client's unique circumstances.
Have a reason to contact them every year during the annual enrollment period. Establish a niche for yourself based on unusual expertise that blends health care guidance with financial planning. Reach out to pre-retirees who need to plan for health care before leaving the job; this allows you to establish a relationship before they are faced with the rollover decision.
Address baby boomers' questions and concerns about how to manage health care expenses in retirement. This program consists of four modules designed to educate you about Medicare and supplemental insurance, prepare you for in-depth client discussions about how to manage health care in retirement, and help you reach out to prospective clients and centers of influence by offering an essential service that is not provided by most financial advisors.
Like all Horsesmouth programs, the client presentations and related materials do not focus on product: How you choose to be compensated for these services is up to you.
Presentations for Clients and Prospects Your Savvy Medicare program equips you with the mastery to deliver workshops, seminars or one-on-one presentations about the complexities of retirement health care.
One in seven thought Medicare was free.
A health care crisis is looming in this country, and it is essential for baby boomers to understand what they need to do to prepare for it financially. This educational workshop will cover the following: How Medicare enrollment periods work—and what you need to do to avoid late-enrollment penalties How much you can expect to pay in health care costs after going onto Medicare How Medicare works with private insurance to provide comprehensive coverage Why most people pay too much for private insurance and how you can avoid excess costs Why you must plan for higher health care costs in retirement—including the possibility of needing long-term care 30 Minutes on Medicare Basics 30 Minutes on Medicare Basics—What Baby Boomers Need to Know About Medicare The title tells it all.
Designed for busy people who just want the highlights, this new presentation condenses the material in our main Medicare presentation and tells attendees what they need to know…and no more. Key points they'll walk away with: Medicare isn't free; Medicare leaves gaps; if you don't sign up on time you'll pay more; before retiring, it is crucial to estimate what your health care expenses will be in retirement; how to start thinking about long-term care.
Employee benefit managers mean well but they are often uninformed about Medicare.
Health insurance agents have their own plans to sell. This presentation positions you as an unbiased source of information and guidance on transitioning to a new health insurance system at retirement by alerting clients to pitfalls and helping them avoid common mistakes.American Professionals Association N.
Something Street, Suite , Baltimore, MD (p) (e) [email protected] Medicare Supplement Part G is one of the most common plans chosen between Medicare beneficiaries. The correct term is Plan G, but many new to Medicare refer to the Plans as Parts.
Physical Therapists’ Guide to Medicare. Physical therapists must accept Medicare in order to treat Medicare patients. Read on to learn about this heavily regulated US social insurance program.
Learn about what items and services aren't covered by Medicare Part A or Part B. You'll have to pay for the items and services yourself unless you have other insurance. If you have a Medicare health plan, your plan may cover them. Some healthcare providers don’t accept Medicare as full payment for their services.
They may bill you for an “excess charge” over and above the amount that Medicare will pay. A surgical or other invasive procedure is considered to have been performed on the wrong body part if it is not consistent with the correctly documented informed consent for that patient including surgery on the right body part, but on the wrong location on the body; for.