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Medicare: Long-Term Impact of Enrollment Choices

Enrollment Periods, Eligibility, Parts A-D, Medicare Supplements and Medicare Advantage Plans, and Common Scenarios

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Wednesday, August 21, 2024

Recorded event now available

or call 1-800-926-7926

This webinar will review eligibility requirements, enrollment periods, options for filling in the gaps in Medicare, and the cost of Medicare and its components. Our panel of Medicare consultants will answer common questions and provide scenarios showing the long-term implications of enrollees' Medicare choices.

Description

Medicare decisions are necessary for individuals reaching age 65, the age of eligibility, and even before for individuals with specific disabilities. Original Medicare consists of Parts A, covering hospital costs and B for medical services. Once a member has these two pieces, they choose whether to add a Medicare Supplement with a Part D prescription drug plan or a Medicare Advantage plan, with or without prescription drug coverage. Not enrolling when eligible could subject individuals to substantial penalties. Even worse, individuals who have paid substantially into the system could lose valuable, needed coverage.

In addition to basic coverage, individuals and advisers must familiarize themselves with the decisions about filling in the gaps in Medicare. For most people, Medicare is their only option for coverage once you reach your qualifying age. Medicare Supplements and Medicare Advantage plans cover the members’ out-of-pocket costs for Medicare-approved medical services. However, deciding if you are eligible, determining when and if to enroll, and weighing coverage options is complicated. Individuals, tax professionals, and financial advisers need to understand the elements of Medicare to make informed decisions and offer appropriate advice to clients.

Listen as our panel of Medicare specialists explains Medicare's elements, from eligibility to providing examples of common decision scenarios and outcomes.

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Outline

  1. Medicare overview
    1. Original Medicare: Parts A and B
    2. Medicare enrollment periods
    3. Cost of Medicare and any potential penalties
  2. Filling the "gaps" in Medicare
    1. Medicare supplements
    2. Medicare Part D
    3. Medicare Advantage Plans
  3. Medicare scenarios
  4. Upcoming legislative changes

Benefits

The panel will review these and other critical issues:

  • Various parts of Medicare and what each covers
  • Eligibility requirements for Medicare insurance
  • Weighing Medicare options and costs
  • The enrollment period and process
  • Examples, including the long-term impact of Medicare choices

Faculty

Land, Jennifer
Jennifer Land
Owner
Eleven2none

Ms. Land is a licensed Insurance Agent specializing in Medicare, ACA marketplace, and international travel coverage....  |  Read More

O'Brien, Margaret
Margaret O'Brien, CEBS, HIC
Health Insurance Consultant
Zentripy Global Insurance

Ms. O'Brien is a Certified Employee Benefits Specialist with over 25 years' experience in the health insurance...  |  Read More

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