If you’re turning 65 soon, you need to be aware of what things Original Medicare, Parts A and B, doesn’t cover. Some medical coverage we are all used to having in group employer health plans and plans bought through healthcare.gov is not included in Original Medicare.
In this video, I’ll take you through 7 things Medicare doesn’t cover so you’ll be prepared when your Medicare coverage begins. I’ll also let you know what options you have to cover these 7 gaps in Original Medicare.
Read MoreOne unique feature for Medicare Supplement enrollment is the Medicare Supplement Open Enrollment Period. This is not an annual enrollment period, and your Medicare Supplement Open Enrollment Period is uniquely timed to you. During these six months, you can purchase any Medigap plan sold in your state without having to answer any health questions.
Read MoreNo.
Premium costs and benefits for Medicare Advantage, Medicare Supplement, and Medicare Part D plans are approved by the government. No one can offer you a better deal.
It will be exactly the same price whether you purchase your Medicare plan from the insurance company directly, or a captive agent, or an independent agent.
There are also no secret discounts. If your plan has premium discounts for paying premiums by auto-debit or household discounts, those are also the same no matter where you buy your policy.
In this video, we’ll take a quick look at how comparison shopping for Medicare plans works so you can save, not only money, but also time, when looking for the best Medicare coverage option for you.
Read MoreMedicare Enrollment Periods can be confusing.
If you miss your enrollment periods, you could end up paying late enrollment penalties.
Millions of people pay Medicare penalties every year because of missed enrollment periods. I don’t want that to happen to you.
Read MoreOk, this is sort of a big announcement: we are now licensed in the state of California.
I decided to make a whole video about licensing and expansion and business philosophy because the addition of California is 100% due to our YouTube channel.
Stick with me and I’ll give you some behind the scenes Medicare plan broker secrets in this video.
Read MoreWe talked about how the Income Related Monthly Adjustment Amount, known as IRMAA, affects Medicare Part B premiums in an earlier post. IRMAA also affects Medicare Part D prescription drug coverage.
Most people don’t have to pay this. However, if your income is above a certain limit, you’ll pay an extra amount to Medicare in addition to your Part D plan premium. In this video, we’ll go through the Part D IRMAA numbers for 2022 and give possible options for avoiding Part D IRMAA.
Read MoreThe question on a lot of minds is: will Medicare Part B premiums be reduced in 2022?
In January, there was talk that Medicare would revisit the big Part B premium jump for 2022. It went from $148.50 per month in 2021 to $170.10 per month in 2022 for most Medicare beneficiaries. Since then, there’s been silence from Medicare.
It’s still possible that those Medicare Part B premiums will be reduced. If they are, we’ll be very happy to make a new video. For now, this video will take you through the 2022 Medicare Part B premium numbers as they stand today, broken down based on your income.
Read MoreMany people left Original Medicare and their Medicare Supplement to join a Medicare Advantage plan during last year’s Annual Enrollment Period between October 15 and December 7.
If you are one of those people, there’s a very important consumer protection that you only have during your first 12 months in a Medicare Advantage plan that you need to know about: the Medicare Advantage Trial Right.
The Medicare Advantage Trial Right is also available to people who join a Medicare Advantage plan when they first become eligible for Medicare.
Read MoreMost people make changes to their Medicare plan coverage at some point. These are usually not lifelong plans that you buy at age 65 and then keep forever.
There are all kinds of reasons why you might change plans: your health changes, you move, your premium cost goes up, your doctor leaves your plan’s network, your medications change, or you just don’t like your plan anymore.
In this video, we’ll walk through how to change your Medicare Supplement, Medicare Advantage, and Medicare Part D plan.
Because Medicare Part D, Medicare Advantage, and Medicare Supplements have different enrollment rules, we’ll talk about each one separately.
(more…)This is a pretty common question we get from people who are starting to shop for Medicare Supplements.
In this video, we’ll go through how to figure out which Medicare Supplement, also known as Medigap, company is the best choice for you for 2022.
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