Event Details

Recalculating! How the Pandemic Has Caused Older Employees 
to Rethink Social Security & Medicare Filing Decisions

Description

After a decade of historic growth, America’s aging workforce was blindsided by the unprecedented disruption caused by the Covid-19 pandemic. The combination of health concerns, layoffs and volatility in the financial markets forced many older employees to rethink their retirement plans… and the Social Security & Medicare filing decisions upon which those plans are often built. 

This fast-paced, engaging presentation looks at the Social Security & Medicare basics that are in play for older employees as they approach retirement. It then explores some of the specific challenges that have emerged as this group attempts to navigate the unique, and often complex, eligibility and enrollment landscape where retirement & healthcare benefits intersect with Social Security & Medicare.

The benefits-related content of this program is designed for HR audiences of all experience levels, and can be of personal interest to those approaching retirement themselves.

Learning Objectives

1. Understand specifics of how the Covid-19 Pandemic has shifted the factors older employees must now consider as they approach Social Security & Medicare filing decisions.

2. Build a solid knowledge base regarding the basic benefit structure of these foundational American retirement programs.

3. Gain knowledge of specific Social Security & Medicare eligibility and enrollment issues that arise in the context of work-related retirement and healthcare benefits, thus becoming a more effective 'frontline' resource for older employees.

Presenter - Tom Wright

Tom Wright began his career in 1980 with John Hancock Financial Services. 
From 1984 to 2016 he was a financial advisor specializing in employee benefits. He then created the Turning 65 Workshop (turning65workshop.com) to provide much-needed Medicare & Social Security learning programs for older employees in the workplace, as well as advanced training for HR and Benefits professionals.

He attended the University of New Hampshire and has earned the Chartered Life Underwriter (CLU) designation from the American College of Financial Services in Bryn Mawr, PA. For many years he has been a Continuing Education instructor, working with insurance organizations, the American Bankers Association, and human resources professionals through SHRM, HRCI, and World at Work.  

He’s been quoted on various employee benefit topics by media outlets including Kiplinger’s and Fortune magazines, The Boston Globe. He’s also been a featured guest on a number of television and radio programs, and more recently podcasts.

Tom has spoken to audiences from Los Angeles to Miami to Caribou, Maine including numerous presentations at HR state conferences and chapter meetings. He draws upon decades of first-hand experience to communicate dry, complex financial material in an engaging and simple way that ordinary people understand.

Over his career, he has been involved in numerous trade associations, including the National Association of Insurance & Financial Advisors, American Association for Long-Term Care Insurance, the Employers Association of the Northeast, his local Chamber of Commerce, and the Society for Human Resource Management.

For many years, Tom served on the Board of Directors of Way of Life Mission 
in Portland, Maine, which provides assistance to newly settled immigrants.

He and his wife Patti have 5 children and 4 grandchildren. They live on the Maine coast, and couldn’t imagine living anywhere else.

HRCI | This Activity offers 1.0 General HR credit and covers material related to Benefits. This content aligns with the Functional Area of Total Rewards in the PHR and SPHR Exam Content Outlines, and with the Functional Area of Compensation & Benefits in the aPHR, aPHRi, and PHRi Exam Content Outlines.

SHRM | The content of this program relates to the SHRM Competencies- Communication and Consultation, and Knowledge- Learning & Development, Total Rewards [People] and Employee Relations [Organization].

World at Work | Recalculating! How the Pandemic Has Caused Older Employees to Rethink Social Security & Medicare Filing Decisions qualifies for recertification credit for the Certified Compensation Professional® (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional® (WLCP®), Certified Sales Compensation Professional (CSCP)®, Certified Executive Compensation Professional (CECP)® and Advanced Certified Compensation Professional (ACCP)™ designations granted by WorldatWork.  For more information on recertification, visit the WorldatWork recertification webpage at https://www.worldatwork.org/certification/recertification.

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