An educational workshop titled "Managing Health Care Expenses in Retirement: What Baby Boomers Need to Know About Medicare and Long-Term Care" has been scheduled for Monday, April 22nd, 2013, 7:00PM-8:30PM, at Acalanes Adult Education Center, 1963 Tice Valley Boulevard, Walnut Creek, CA 94595. You may register by calling (925) 280-3980 ext. 8001.
According to Bankers Life and Casualty Company, 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, copays, and deductibles. One in seven thought Medicare was free. Only 14% knew that Medicare does not cover long-term care.1
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.
Seating is limited and reservations are recommended. Individuals may reserve space by calling the Acalanes Adult Education Center at 925-280-3980 ext. 8001. The address is 1963 Tice Valley Boulevard, Walnut Creek, CA 94595.
George can be followed on twitter at Follow me on Twitter: @GNocetiMSSB and connect with him at Connect LinkedIn: George M. Noceti, CRPS® .
1. “Retirement Healthcare for Middle-Income Americans.” Bankers Life and Casualty Company Center for a Secure Retirement. January 2012
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