Social Security and Medicare are a vital part of most people’s retirement plans. However, the complexity of both programs often leads to aging clients asking a myriad of questions. Do you have a basic understanding of both, to be able to provide answers to your clients as well as plan for your own retirement? This course provides answers to the most common Social Security and Medicare questions typically received by tax practitioners.
BENEFITS
- Understand and advise clients regarding Social Security and Medicare options, and also understand options for oneself
HIGHLIGHTS
- The various Medicare options and how they work
- When and how to sign up for Medicare and ramifications of late sign-up
- Out-of-pocket payments when covered by Medicare
- What if someone is covered by an employer’s or spouse’s health insurance but age 65 or older?
- Factors that should be considered in determining when to file for Social Security benefits
- Determining the benefit amount
- Eligibility requirements to collect a spousal or ex-spousal benefit
- Filing for Social Security benefits and continuing to work
- Does a person have to file for Social Security benefits when ready to enroll in Medicare?
COURSE LEVEL
Basic
PREREQUISITES
None