medicare & macra...powerpoint presentation author shaun created date 4/27/2017 8:11:32 pm

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Medicare & MACRA WHAT YOU NEED TO KNOW ABOUT THEIR EFFECT ON FINANCIAL PLANNING PRESENTED BY ELIZABETH GAVINO, LUTCF & TATYANA GAVINO, ESQ.

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Page 1: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medicare & MACRA WHAT YOU NEED TO KNOW ABOUT THEIR EFFECT ON FINANCIAL PLANNING

P R ES E N T ED BY E L I ZA B E T H G AV I N O, LU TC F & TAT YA N A G AV I N O, ES Q .

Page 2: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Why Should I Care About Medicare & MACRA?

Increases my credibility with

clients

Affects my clients’ current financial plans

Opens up planning

opportunities

Protects my book of business

Real Life Case Studies

Page 3: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Why Listen to Us? Independent Brokers

Over 20+ Years Experience in Industry

Master General Agent/General Agent for Senior Risk Planning Carriers

Page 4: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Who is Eligible for Medicare

Page 5: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

When Can Someone Enroll?

Page 6: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Coverage Options

Page 7: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

What do Parts A & B Cover?

Page 8: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Applying for Medicare – Step 1

Page 9: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medicare Part B: Income Related Monthly Adjustment Amount (IRMAA)

Page 10: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medicare Part D: Income Related Monthly Adjustment Amount (IRMAA)

Page 11: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Applying for Medicare – Step 2

Page 12: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

What if Client Works Past Age 65?

Important items to consider

Page 13: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Coordination of Benefits

Page 14: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Special Election Periods: Enrollment After 65 When retiring, you may be eligible for a Special Enrollment Period (SEP). Your SEP may allow you to:

Enroll in Original Medicare (Parts A and B) for up to eight months after the month your employment or employer health insurance ends, whichever happens first

Enroll in a Medicare Advantage (Part C) or prescription drug (Part D) plan up to two full months after the month your employment or employer health insurance ends, whichever happens first

Page 15: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medicare Access & CHIP

Reauthorization Act (MACRA) of

2015

Page 16: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

MACRA: Medicare ID Cards How is the Medicare ID card changing?

When will the change occur?

Page 17: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

MACRA’s Effect on IRMAA

Page 18: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

MACRA: Observation

Page 19: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

MACRA: Recovery Care

What happens when I need coverage?

Page 20: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

MACRA’s Effects on Medicare Supplements

Page 21: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medicare Supplement Offerings - Post 2020

Page 22: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Medigap Plans High Deductible Medigap Benefits Medigap Plans (After June 1st, 2010)

F F+ G G+

Medicare Part A Coinsurance hospital costs up to an additional 365 days after Medicare benefits are used up

X X X X

Medicare Part B Coinsurance or Copayment X X X X

Blood (First 3 Pints) X X X X

Part A Hospice Care Coinsurance or Copayment X X X X

Skilled Nursing Facility Care Coinsurance X X X X

Medicare Part A Deductible X X X X

Medicare Part B Deductible X X X*

Medicare Part B Excess Charges X X X X

Foreign Travel Emergency (Up to Plan Limits) X X X X

*Part B Deductible will count towards the Out-of-Pocket limit. *HDG will not provide coverage for any portion of the Medicare Part B Deductible

Out-of-Pocket Limits*

Out-of-Pocket Limits*

$2,200 TBD

Page 23: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Which One Should the Client Choose?

Page 24: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Case Study No. 1 – The

Physician Couple

Husband, age 70

Wife, age 68

Page 25: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Case Study No. 2 – The

Financial Planner

Successful Financial Planner and wife turning 65.

Page 26: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Case Study No. 3 – The

Retired Couple

Wife retiring with retiree benefits

Husband suffered from stroke and turning 65

Page 27: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Case Study No. 4 – The

Hybrid

Wife is a breast cancer survivor

Husband rarely sees doctor

Page 28: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Case Study No. 5 –

Investment Company Executive

Husband Turning 65 and has a retiree benefit through employer

Wife turning 65 at same time

Page 29: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Any Questions?

Page 30: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Next Steps

Call Us

201-659-7170 for insurance solutions

Email

[email protected]

Set up

Appointments with clients

Page 31: Medicare & MACRA...PowerPoint Presentation Author Shaun Created Date 4/27/2017 8:11:32 PM

Thank You for Attending!