Course Details

Healthcare in Retirement Training: Navigating the Complex World of Medical Expenses

INTRODUCTION

Healthcare costs are a significant concern for many retirees. This Healthcare in Retirement training course provides a comprehensive overview of the healthcare landscape for retirees, covering Medicare, supplemental insurance options, long-term care planning, and strategies for managing medical expenses. Participants will learn how to navigate Medicare, understand their coverage options, plan for potential healthcare costs, and make informed decisions about their healthcare in retirement. This essential financial and health planning training is perfect for anyone approaching retirement or seeking to understand the complexities of healthcare in their post-working years. This course covers key areas like Medicare, supplemental insurance, long-term care, and cost management, empowering you to make informed decisions about your healthcare in retirement.

DURATION

5 days

TARGET AUDIENCE

This course is designed for a broad audience, including:

• Individuals approaching retirement: Those within 10 years of retirement age.
• Pre-retirees: Individuals planning for retirement and wanting to understand healthcare options.
• Financial Advisors: Professionals assisting clients with retirement planning.
• Anyone interested in learning about healthcare in retirement: Individuals wanting to understand the system and prepare for potential costs.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the basics of Medicare and its different parts (A, B, C, D).
• Evaluate Medicare Advantage plans and Medigap supplemental insurance options.
• Learn about long-term care insurance and planning.
• Estimate potential healthcare costs in retirement.
• Develop strategies for managing medical expenses.
• Understand the interaction of Medicare with other health insurance.
• Make informed decisions about healthcare coverage in retirement.
• Access resources and tools for healthcare planning.

COURSE MODULES

• Introduction to Healthcare in Retirement:

• The importance of planning for healthcare expenses in retirement.
• Understanding the rising costs of healthcare.
• Overview of the healthcare landscape for retirees.
• Key terminology and concepts related to Medicare and health insurance.

• Medicare Basics:

• Eligibility requirements for Medicare.
• Understanding Medicare Parts A, B, C, and D.
• Enrolling in Medicare and choosing a plan.
• Medicare costs (premiums, deductibles, co-pays).

• Medicare Advantage Plans (Part C):

• How Medicare Advantage plans work.
• Comparing Medicare Advantage plans to Original Medicare.
• Advantages and disadvantages of Medicare Advantage plans.
• Choosing a Medicare Advantage plan.

• Medigap Supplemental Insurance:

• How Medigap plans work.
• Comparing different Medigap plan options (A, B, C, D, F, G, etc.).
• Advantages and disadvantages of Medigap plans.
• Choosing a Medigap plan.

• Long-Term Care Planning:

• Understanding the need for long-term care.
• Long-term care insurance options and costs.
• Planning for long-term care expenses.
• Alternatives to long-term care insurance.

• Managing Healthcare Expenses:

• Strategies for controlling healthcare costs in retirement.
• Utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs).
• Negotiating medical bills and finding discounts.
• Planning for unexpected medical expenses.

• Coordination with Other Health Insurance:

• Understanding how Medicare interacts with employer-sponsored health insurance.
• Coordinating coverage with retiree health benefits.
• Managing healthcare expenses with supplemental insurance.
• COBRA and other health insurance options.

• Resources and Tools for Healthcare Planning:

• Utilizing the Medicare website and online tools.
• Accessing healthcare cost calculators and planning resources.
• Working with a financial advisor or healthcare navigator.
• Staying informed about changes to Medicare and healthcare regulations.

 CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com