Description
Ease the minds of clients and understand solutions to the exposure to high medical costs.The biggest concern of any retired person is whether health care costs will drain their retirement savings. The foremost worry is of an extended stay in a nursing home. This is heightened fear, for a married couple, that high medical costs may leave a surviving spouse destitute. This topic will detail how persons can be exposed to high health care costs what is and is not covered under Medicare and other government benefits and insurance plans. The material will also detail how retirement accounts and other assets can be protected from these costs.
Date: 2021-09-14 Start Time: End Time:
Learning Objectives
Spiraling Health Care Costs for the Elderly
Health Care Costs for the Elderly • What Is Covered and What Is Not?
Medicare
• Eligibility and Enrollment Periods
• Premiums and Co-Pays
• Holes in Medicare
• Part B
• Part D
• Hearing, Vision, and Dental
• Medigap Policies
• Very Limited Long-Term Care Coverage
• Medicare Advantage Plans
Medicaid
• Filling Some of Medicare’s Holes in Coverage
• High Costs of Privately Paying for Long-Term Care
• Basic Eligibility Criteria
• Estate Recovery Upon Death
Long-Term Care Insurance
• Advantages and Disadvantages
Reverse Mortgages
Creditor Protected Assets
• ERISA Creditor Protection for 401ks and Other Employer Plans
• Bankruptcy Creditor Protection for Retirement Accounts
• State Law Creditor Protection for Retirement Accounts
• Other Creditor Protected Assets
• Homestead
• Life Insurance
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Thomas J. Murphy-Murphy Law Firm, Inc.
