1. Women Master Money January 18, 2019 Carol Zernial Executive Director
WellMed Charitable Foundation
4/11/2019

2. WellMed Charitable Foundation
Established in 2006 by
Dr. George Rapier
Independent non-Profit, 501(c)3 Foundation
Philanthropic partner of WellMed Medical Management
Mission
Support programs that serve seniors and their family caregivers
What We Do
Philanthropic Giving in our WellMed communities
Senior Centers
Caregiver Services

3. Women and Economic Security
Of the 62 million wage and salaried women (age 21-64) working the US, just 45% participated in a retirement plan
Women age 70+ have less than half the balance in retirement accounts than men the same age.
Women’s earning average $.80 for every $1 earned by men – a lifetime loss of over $300,000.
4/11/2019

4. Women and Economic Security
On average, women caregivers lose $324,044 in lost wages, social security benefits, and retirement plans over a lifetime.
In 2014, 46% of unmarried older women relied on Social Security for 90% of their income.
The average annual income for a woman on Social Security if $1096/mo or $13,152
4/11/2019

5. Health as an Economic Asset
Direct cost of health care
Health care premiums and co-pays
Drug plans and medication costs
Out of pocket costs
Indirect costs of poor health
Ability to work
Where you can live (housing)
Amount of support or long-term care needed
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6. r Healthy Behavior Changes Happen Outside of the Clinics
Graphic courtesy of Feeding America
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7. 4/11/2019

8. Medicare Considerations
Fee for Service Medicare
Covers 80% of health care costs, leaves 20% of costs to the individual
Medicare Supplemental Plans
Part D Drug Plans
The National Council on the Aging estimates 80% of people are in the wrong drug plan
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9. Medicare Advantage
Covers all of your Medicare expenses including hospitalizations, drug plans, and routine health care
Often offers additional benefits
Eliminates need for supplemental plan
Allows for greater coordination of care and preventive services
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10. WellMed Programs
Medicare Information Centers – staffed with professionals trained in Medicare options
WellMed Social Programs – provides assistance in enrolling in the Medicare Savings Plans and Medicaid
Economic Case Work through WellMed Charitable Foundation senior centers
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11. Economic Security Program
Replicating program from the National Council on Aging in 3 senior centers in San Antonio
Program Elements:
Economic Security casework
Serve older persons below 250% of federal poverty level
Outcome Goal
$250 monthly/$3,000 annual increase in income or decrease in expenses
DRAFT COPY 2015

12. Senior Center Eligibility
Age 60 and over
No Cost
Open to the community
3 locations
Alicia Trevino Lopez Culebra Road
Elvira Cisneros SW Military
Doris Griffin NW Loop 410

13. Your Health is an Asset
Lopez Senior Center

14. Resources
WellMed Social Programs: Assistance with enrollment in the Medicare Savings Programs and Medicare Low Income Assistance Program
Alamo Service Connection: Resource directory of all aging and disability services in the region
San Antonio Food Bank: Enrollment in food assistance programs and Medicaid
Wiser: Women’s Institute for a Secure Retirement: Multiple resources/tools to help women become more financially secure