Mercer Releases Federal Benefit Guides

Consulting firm Mercer has released explanatory material about Social Security and Medicare that may prove useful to plan sponsors and advisers.

Knowing what benefits Social Security and Medicare provides, and the best age to begin receiving benefits, is one of the first steps in retirement planning, according to a statement from Mercer. To that end, Mercer has released its “2014 Guide to Social Security” and “2014 Medicare Booklet,” which give simple explanations of both federal programs, recent changes, and cost and benefit amounts for 2014. The materials also include many real-life examples.

The Social Security guide, now in its 42nd edition, is a 64-page booklet that includes information about:

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  • Major Social Security program changes for 2014;
  • Retirement benefits including early, late and delayed retirement information, along with examples;
  • Disability and survivor benefits;
  • Who receives benefits;
  • Easy-to-reference monthly benefit tables;
  • Medicare benefits overview of eligibility and enrollment;
  • A to-do section; and
  • Answers to frequently asked questions about Social Security.

In addition, Mercer has issued the 31st edition of its booklet on Medicare. The 32-page document discusses:

  • Major Medicare changes for 2014;
  • What is covered and not covered;
  • Enrollment and eligibility;
  • Part A (Hospital Insurance);
  • Part B (Medical Insurance);
  • Part C (Medicare Advantage Plans); and
  • Part D (Outpatient Prescription Drug Plan).

Information about how to purchase the guide and booklet can be found here, or by calling 800-333-3070.

The minimum order for the guide is 25 copies at $7.60 each. The minimum order for the booklet is 100 copies at $3.65 each. Quantity discounts are available for both documents.

FSI Unveils New Mobil App

The Financial Services Institute (FSI) launched a mobile application providing independent financial advisers and financial services firms remote access to advocacy tools and industry updates.

The app represents the next generation of the original FSI Advocacy App released in 2012, according to a statement from the firm. While advocacy remains the central component, the updated app also features an array of content for members, as well the redesigned Advocacy Action Center that helps advisers protect their businesses and improves clients’ access to on-the-go advice.

Features of the new FSI app include the following:

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  • Mobile access to FSI’s Advocacy Action Center, allowing members to educate their elected officials directly from the smartphone or tablet;
  • 24/7 industry updates powered by the FSI Newsbrief;
  • Information about upcoming FSI events;
  • FSI conference information and updates, including conference agendas, handouts and speaker information;
  • The latest news and information from FSI; and
  • Access to the FSI Blog.

The firm says the new app comes on the heels of a total digital overhaul for FSI. This past September, FSI launched a new website and social network called “FSI Social” for industry executives and financial advisers to network and problem solve in a virtual environment.

The FSI App is available for download to both Apple and Android devices. The app can be downloaded at financialservices.org/app.

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