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Overview of Medicare & Medicare Supplements

Topic

Retirement Savings and Income Planning

Program ID

300115

Hours

11

Format

Self-Study / Other

Complexity

Advanced

Description

Social insurance is probably best defined as governmental administration of survivors, retirement, and health insurance benefits. Social Security is an example of this concept, is also known as Old Age, Survivors, and Disability Insurance (OASDI). It was enacted by Congress in 1935 as a response to the Great Depression to provide retirement benefits to those who were unable to work and as a means to supplement retirement income. This course will focus mainly on the healthcare benefits provided by social insurance: Medicare. Even though insurance producers to not sell Medicare, they may sell Medicare supplements; therefore, they must have a thorough understanding of the Medicare system and the need for supplemental coverage in order to properly serve consumers. This webinar course covers the basics of Medicare and Medicare supplements to better educate and inform insurance agents and financial advisors to better serve their clients.

Learning Objectives

1: Introduction to Social Security and Medicare 2: OASDI Benefits: Who is Eligible? 3: Medicare: The Original Program 4: Medicare: The Original Program – Part A 5: The Original Medicare Program – Part B 6: Medicare Supplement Insurance 7: Medicare Benefit Calculations 8: Medicare Advantage Plans and Medicare Prescription Drug Plans: Medicare Part C and Part D 9: Social Security: A Program and Policy History