Fifty-seven percent of baby boomers said they had a “poor understanding”
(31%) or know “almost nothing” (26%) about Medicare, according to a
recent survey by Bankers Trust. Three-quarters of boomers (72%) did not
know that most Americans on Medicare pay premiums, co-pays, and
deductibles. One in seven thought Medicare was free. Only 14% knew that
Medicare does not cover long-term care.
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
This workshop is purely educational. No specific insurance or investment
products will be discussed.