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Virtual CE – The Eclipse of Medicare and Social Security
September 12 @ 11:30 am - 12:30 pm
Join the Virtual CE live stream class to master the relationship between Social Security and Medicare. Gain insights to offer tailored retirement planning advice. Buy your ticket now to enhance your expertise and support clients’ financial well-being.
Course Description:
Understanding the intricate relationship between Social Security and Medicare becomes paramount for informed decision-making and financial planning as individuals approach retirement. This continuing education course empowers licensed insurance professionals in the financial and healthcare sectors and individuals seeking to optimize their retirement benefits.
Course Objectives:
By the end of this course, participants will have gained a nuanced understanding of the intersection between Social Security and Medicare, enabling them to provide informed and tailored advice to consumers. This course will help participants better understand the dynamics of Social Security and Medicare integration, ultimately contributing to the financial well-being of individuals planning for retirement.
Course Outline:
- I. Understanding of Social Security Benefits (15 minutes)
- a. Explore the various Social Security benefits available
- b. Analyze the impact of early or delayed retirement on Social Security benefits
- c. Understand spousal and survivor benefits and their implications
- II. Medicare Fundamentals (10 minutes)
- a. Overview of Medicare Parts Parts A, B, C, and D
- b. Explore eligibility criteria and enrollment periods
- c. Analyze the cost-sharing components of Medicare
- III. Integration of Social Security and Medicare (10 minutes)
- a. Examine the coordination of Social Security benefits with Medicare coverage
- b. Understand the impact of Social Security income on Medicare premiums
- c. Review the Medicare application process on the Social Security website
- IV. Financial Implications and Planning (10 minutes)
- a. Financial considerations of relying on Social Security and Medicare in retirement
- b. Strategies to maximize overall Social Security income
- c. Understand the tax implications
- 1. Social Security benefits
- 2. Medicare coverage
- 3. Health Savings Accounts
- VI. Practical Application (10 minutes)
- a. Ethical considerations regarding advising clients on Social Security and Medicare
- b. Communication skills to convey complex information to clients effectively
- VII. Questions/comments
Meet Our Speaker
Mike Smith entered the insurance business in 1993 as a marketing and broker service representative at The Brokerage Inc. As President-Emeritus of The Brokerage, Mike has been instrumental in growing a leading National Marketing Organization focused on personalized service with a high level of support in marketing and technology. With 30 years of industry experience, Mike has fostered strong relationships with agency partners, carrier leaders, and political figures. Mike has positioned The Brokerage to be a strong influencer in the life, health, and Medicare insurance industry.
Throughout his career, Mike has been recognized by his peers with numerous, prestigious accolades:
- The Donna Carnall Career Achievement Award (Ft Worth AHU 2005)
- The Hollis Roberson Award (Texas AHU 2015)
- The NAIFA Dallas Advisor of the Year (2017)
- The NAIFA-Dallas O.C. Jackson Hall of Fame Award (2021)
- The National Association of Independent Life Brokerage Agencies “ID 20 Award” (NAILBA 2020)
- And recently, the Janet Trautwein Spirit of Independence Award (NABIP) honoring the most courageous innovators, change-makers, trailblazers, visionaries, and leaders in the industry (Mar 2023)
Mike is currently serving as the Chairman of the NABIP Medicare FMO Advisory Council and is Co-Chair of the NABIP Long Term Care Insurance Advisory Group.
Mike is an active member of:
- The National Association of Benefits and Insurance Professionals (NABIP)
- Chairman of the NABIP Medicare Working Group (2019-2023)
- Current Chairman of the NABIP FMO Advisory Council
- Co-Chair of the NABIP Long Term Care Advisory Group
- Past President of the NAHU Ft Worth chapter, 1997
- The National Association of Insurance and Financial Advisors – Dallas (NAIFA-Dallas)
- The National Association of Independent Life Brokerage Agencies (NAILBA)
- The Brokers Health Insurance Network (BHINI President 2008-2009)
- America’s Long Term Care Insurance Experts (AALTCI) Member of the Founding Board of Directors
- SubCenters
- The Marketing Alliance
Additional info on Mike Smith:
- 1989 Mike earned his bachelor’s degree in Business Administration from The University of North Texas
- 2003 Mike earned the Long-Term Care Professional designation
- 2012 Mike earned the Small Group Specialist designation
Secure a spot and buy your ticket today!
*Details about the live stream will be provided along with your ticket purchase.