Workshop April 20 to educate Baby Boomers on Medicare

FALLBROOK – An educational workshop titled "Managing Health Care Expenses in Retirement: What Baby Boomers Need to Know About Medicare and Long-Term Care" has been scheduled for 6:30 p.m. on Monday, April 20 at Fallbrook Library, 124 S. Mission Road. An earlier session is being held at 10:30 a.m. on Saturday, April 18 at the Temecula Public Library.

According to a recent survey by Bankers Trust, "Fifty-seven percent of Baby Boomers said they had a 'poor understanding' (31 percent) or know 'almost nothing' (26 percent) about Medicare, according to a recent survey by Bankers Trust. Three-quarters of boomers (72 percent) did not know that most Americans on Medicare pay premiums, co-pays, and deductibles. One in seven thought Medicare was free. Only 14 percent knew that Medicare does not cover long-term care."

According to Moffat Financial Group, it is essential for Baby Boomers to understand what they need to do in preparation.

This educational workshop will cover the following:

• How Medicare enrollment periods work — and what one needs to do to avoid late-enrollment penalties.
• How much one can expect to pay in health care costs after going onto Medicare.
• How Medicare works with private insurance to provide comprehensive coverage.
• Why most people pay too much for private insurance and how to avoid excess costs.
• Why one must plan for higher health care costs in retirement – including the possibility of needing long-term care.

This workshop is purely educational. No specific insurance or investment products will be discussed.

Seating is limited and reservations are recommended. Individuals may reserve space by calling Moffat Financial Group toll-free at (800) 819-7034.