Needham Community Education

If you are close to age 65 or already on Medicare, this class is for you! By the end of the evening, you will feel fully enlightened on how Medicare works and the different health care choices available to those age 65+. The program will cover the following: How are parts A, B, C and D integrated Medicare Advantage Pros and cons of HMO’s, PPO’s, and Medigap plans Should I take Medicare if I am still employed? How do I avoid late sign up penalties? Does any part of Medicare cover long-term care expenses? These questions and many more will be answered in this very important class.

Deciding how and when to claim Social Security is one of the most critical financial decisions a person will make in his or her lifetime. Without an understanding of the many complex rules surrounding Social Security, you could leave thousands of dollars on the table. Learning the answers to the following questions will arm you with the information you need: When should I file for benefits? What are the advantages and disadvantages of filing at age 62 or deferring to age 70? How does the November 2015 change in the rules affect me? How can I make sure I am taking advantage of available spousal, survivor or divorced benefits? How much of my Social Security will be subject to income tax? What potential changes are in store for Social Security and how might they affect my claiming decision?

The high cost of long-term care can wipe out a family’s life savings in a short period of time. Unfortunately, many families are faced with this situation, finding themselves at the mercy of an under-funded government Medicaid system with limited choices. Recent legislative changes have created many questions surrounding planning techniques: How can I protect my home? What is the penalty for giving assets away? Are my assets protected if I put them in a trust? When is long-term care insurance worthwhile to consider? What if my loved one is already in a nursing home, can they still protect their assets? All of these questions and more will be clearly answered in this very important class.