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2022 Changes for Social Security and Medicare: What Clients Need to Know - Shared screen with speaker view
Denise Poulter
19:42
Will we get the slides after the presentation?
Doug Pierce
19:59
Yes Denise
Doug Pierce
20:09
We'll include a link to a PDF of slides in the email follow-ups
Denise Poulter
20:34
Thank you!
Sharon Luker
21:32
Do you know if I have the Medicare program, has all of the 2022 numbers been put in the presentations we have access to?
Doug Pierce
23:00
I just shared a copy of the slides (PDF) above
Cassie cqueen@stonecropadvisors.com
23:09
thank you!
Hallett Hall
23:54
dOUG,
Doug Pierce
24:15
Sharon, I believe so, but I'm going to ask Elaine in Q&A to confirm
Doug Pierce
24:53
I am seeing updated materials released Dec 21 on the Savvy Medicare site
Hallett Hall
26:43
Doug, do you know if the collateral material that accompanies the presentation slides for the Savvy Medicare product has been mailed yet? I early enrolled in the program, got access to the updated slides, but have not received the other materials. Who should I contact for follow up? Thanks.
Doug Pierce
27:34
Hallett, yes, our customer support can give you an ETA on that: Toll Free: 1-888-336-6884 ext 1 (Outside U.S.: 1-212-343-8760)
Lynn Schmidt, EA - Tax & Financial Strategist
28:04
Got signed in late. Will we have access to watch a recording of this presentation?
Gary Albert
28:15
can we get copies of these slides. Connection is not good
Doug Pierce
28:40
Yes Lynn--a link to the replay will be in the email follow-ups starting tomorrow.
Doug Pierce
29:04
Gary, see above for a PDF of the slides
Robert Duffy
30:48
Do you have an example for calculating PIA and AIME for someone who has not had maximum earnings in each of the 35 years (e.g., someone who took time off for raising kids or MBA, etc.)?
Linda Murphy
31:40
How would this impact a person whose spouse is 70 and the spouse is 18 years younger can the younger spouse file on the older spouse starting at age 62 at let her SS stay till age 70?
Mark Daviau
31:50
can they do the opposite on spousal when survivor benefit? take their amount since might be lower and then take spousal later date?
agierak
32:25
Robert, populate the 3rd column in the slide with actual earnings, total up the highest 35 ears and divide by 420.
Becky Alvis
32:57
OASDI 2021 report is here, but may not be official. https://www.ssa.gov/OACT/TR/2021/III_A_cyoper.html#
Mike Skrynecki
35:08
High earning spouse just passed away at 68. He had not started his payments. Spouse has not qualified on her own. She’s 62. Am I correct that if she applied now, she get a reduction of her survivor benefit but would be eligible to whatever his benefit at his date of death would be including his delayed credits should she wait until her FRA? Obviously no more delayed credits if she waited longer…
Doug Pierce
35:15
https://www.ssa.gov/oact/solvency/provisions/index.html
Doug Pierce
35:36
https://www.ssa.gov/oact/solvency/index.html
Linda Murphy
38:24
If a client age 70 is drawing and has a child still in college is the child eligible to 50% of the benefit?
Sandra Abrahamson
39:53
can you go back and claim caregiver credits from 20 years ago?
Robert Duffy
41:11
Can you discuss which benefits/strategies can be done after the fact, and how far back can a client go with these claims?
Joseph Bianchi
46:27
Will this Power Point be emailed?
Robert Duffy
46:37
Would an outpatient surgery/procedure fall under Medicare Part A or B?
Doug Pierce
47:09
Grab a PDF copy above, Joseph, but we'll email you a link, too
janet
47:25
Are Medicare Advantage premiums generally less than traditional Part B, D, plus Medigap insurance? Is it a material difference? Thanks!
Joseph Bianchi
47:53
Thanks Joe 🙂
Amy Sloma
48:06
Client is on wife's health plan. He's retired and turns age 65 in July. Should he apply for part A or delay?
Brigham Tappana
52:00
Funny how this graphic looks like the French flag and to have FRA (FRANCE) in the middle doesn't make it less confusing :)
Hallett Hall
52:45
Robert, outpatient services are covered under Part B. The beneficiary is responsible for 20% of the Medicare approved amount. Medigap policies cover the copay; Medicare Advantage plan copays vary. (I'm an agent.)
Doug Pierce
54:54
Savvy Social Security Planning for Boomers:https://www.horsesmouth.com/security
Evelyn Huerta
56:01
Will we receive the Quick Reference Guide?
JLB Financial
57:35
Is there a go to break down of what Medicare covers for those needing some form of Long Term Care benefits? I know Medicare doesn't cover LTC, but there is something Medical covers? I have a client who's been diagnosed with a disability and receiving SSA? Client is unclear on what Medical will come back to her estate for recovery of money and I need a resource.
Linda
58:23
Who does someone contact to appeal IRMMA?
Adam Schneiberg
59:06
What are the ballpark costs in taking the Horesmouth classes?
Doug Pierce
01:00:01
Social Security and Medicare: Boomer Spike Coming!Virtual Workshop: March 28-31https://www.horsesmouth.com/ssvirtual
Doug Pierce
01:00:34
Adam, you can click through on that page for pricing info on the SS/Med workshop--it depends on whether or not you are already a SS/Med member
TOM Toggas
01:04:30
how does your medicare marketing prpgram work?
Doug Pierce
01:05:10
https://www.horsesmouth.com/medicare
Doug Pierce
01:05:19
See full details of that program there, Tom
Jim Maher
01:06:14
is there a discount for SS program if you already subscribe to savvy Medicare?
Doug Pierce
01:07:13
https://www.horsesmouth.com/master
Hallett Hall
01:07:23
JLB, short answer re: "LTC" coverage. You're right that LTC isn't covered but skilled nursing care is covered. Check www.medicare.gov for details. CMS also has publications that deal with this topic. (Google CMS publications.) Hope this helps.
Linda
01:08:12
Is IRMMA calc using income from prior year? In other words, the AGI of $182 JT would apply to medicare cost you pay in 2023?
Marilyn
01:11:18
Are Medicare premiums paid in arrears? How do payments work if you aren’t receiving SS payments yet ?
janet
01:14:10
I had to hop off this zoom for 5 minutes - was my question answered -Are Medicare Advantage premiums generally less than traditional Part B, D, plus Medigap insurance? Is it a material difference? Thanks!
Mark Daviau
01:16:31
to clarify they always take your 35 Best years?
Mark Daviau
01:17:27
also didn't hear question yet about client file for her benefit then go to her survivor benefit