Archive for April, 2013

Building on Wisdom: NJFA’s 15th Annual Conference

Thursday, April 11th, 2013

Press Release

For Immediate Release                                                                      Contact:  Grace Egan

April 11, 2013                                                                                                  Melissa Chalker

                                                                                                                         609-421-0206

Building on Wisdom: NJFA’s 15th Annual Conference!

NJFA will hold its 15th Annual Conference on Wednesday, June 12th at the Crowne Plaza Monroe. This year’s conference, titled, Building on Wisdom will feature two nationally recognized keynote speakers.

The morning keynote presentation will be given by Dr. Mike Magee, President of Positive Medicine, Inc. Dr. Magee is committed to transforming powerful health visions into action. Recognized as a visionary leader of the home-centered health care movement and lifespan planning records, he has advised the Institute of Medicine on these topics. Dr. Magee is the author of 10 books including, Home Centered Health Care, Positive Leadership and Healthy Waters.

The luncheon keynote address will be given by reporter and editor, Patricia Cohen, who has worked for the New York Times, Washington Post, Newsday and Rolling Stone Magazine. Ms. Cohen published, In Our Prime: The Fascinating History and Surprising Future of Middle Age, a New York Times notable book.

The day will also include breakout sessions with great topics like, Financial Literacy, Sex and Aging, POSLT and End of Life decisions, as well as an update on the Comprehensive Medicaid Waiver. We hope you can join us for this informative, day-long conference!

Participants may register by email, by mail or by fax.  For more information about the conference visit: www.njfoundationforaging.org/events.html or call us at 609-421-0206.

  To learn more about the work of the Foundation visit www.njfoundationforaging.org or call 609-421-0206. The New Jersey Foundation for Aging was established in 1998, its mission is promote approaches in the delivery of services that enable older adults to live in the community with independence and dignity.

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More Medicare Information to think about.

Monday, April 1st, 2013

More Medicare Information to think about.

So, we know that at age 65 you can enroll in Medicare, but do you have to? It is not a question we ever thought anyone would ask, however we recently read an advice column in the newspaper where a reader asked just that.

Well, do you have to take Medicare? The answer is no, but it’s not that simple.

First, let’s review again that parts that make up Medicare. Part A (hospital insurance) cover inpatient hospital stays and has already been paid for by the Medicare payroll tax deduction from your paycheck while you were working, so there is no premium or cost for that. Part B (Medical Insurance) does have a premium and covers doctor’s visits, lab tests and most other expenses not covered by Part A. The 2013 monthly premium for Medicare Part B is currently $104.90 (for most people, higher income enrollees may pay more, see www.medicare.gov for more information).

Part A and Part B are the two main components of Medicare. Part C is the Medicare Advantage program, where you select a Medicare HMO (this could be an entire post in itself, visit www.medicare.gov for your info). Part D is your prescription drug coverage.

Okay, back to the question at hand- do you have to enroll in Medicare? If you are receiving Social Security, you will be sent a Medicare Enrollment Package before your 65th birthday. You will be automatically enrolled in both A and B, unless when you receive your packet you contact Medicare to turn down Part B, they give you this option since Part B will cost you a monthly premium. They assume you’ll want Part A since you’ve technically already paid for it through the payroll tax. But before you turn down Part B you should review your current insurance coverage.

In the advice column referenced in the beginning of the post, the writer of the question was asking because they have a insurance through their former employer. However, you should not assume that your employers coverage does not change when you become Medicare eligible or that the company might prefer you switch to Medicare. Often the plan that covered you under your employer will end when you become Medicare eligible but they can offer you a supplemental plan. Because, the other thing to remember about Medicare is that you’ll have a 20% copay and a supplemental plan (also called a Medigap plan) can help to cover that.

One more caution if you chose to turn down Medicare Part B, should you later decide you want it, you can still apply, but you’ll have to wait until the next enrollment period and you’ll face a 10% penalty each month once you enroll.

You don’t have to take Medicare, but you probably should.

Visit wwww.medicare.gov for more info.