Medicare Basics - Medicare Changes Explained
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- Опубликовано: 30 июл 2024
- www.abtinsuranceagency.com | (888) 465-9728
MEDICARE EXPLAINED! Part A, Part B, Part C and Part D as well as Medicare Advantage and Medicare Supplement insurance, explained with current updates as of 2023.
This is THE video to watch first if you are new to Medicare or turning 65.
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How to enroll in Medicare if you have delayed Medicare past age 65: • Working Past Age 65, H...
Best Medicare Supplement Plans for 2023: • Best Medicare Suppleme...
Medicare Advantage Plan Pros and Cons: • Medicare Advantage | P...
Medicare Supplements vs. Medicare Advantage: • Medicare Advantage vs ...
How do Medicare Agents get paid??: • How Do Medicare Broker...
Free, no obligation quotes: www.abtinsuranceagency.com
📜 Chapters
00:00 Intro
00:15 Medicare Explained 2023
00:38 Parts of Medicare
01:02 Medicare Enrollment
02:46 Medicare Part-A & B
03:41 Determining IRMAA 2023
04:34 Out-of-pocket costs
06:27 Deciding how you want to get your coverage
08:03 Medicare Supplement Plan
09:08 Medicare Advantage Plan
11:18 Which path to go
12:29 Switching between the plans
13:19 Conclusion
Let us help you through the Medicare maze!
Your explanations are clear and concise. I will be in touch when my wife retires.
Thank you Dave!
I appreciate the clear explanation of otherwise complex concept. Thanks Stephanie!
I think you do a excellent job explaining! I think consumers should check out the disadvantages of the advantage because they have to all procedures preauthorized even rehab stays. I work in the hospital and a lot of patients don’t get what they need due to denials for things, even when doctors recommend these things. Traditional Medicare is the best!!
I hear this a LOT. Thank you for sharing!
Thank you, Stephanie!
I watch every single video you make. Very clear, precise, and thorough.
What a compliment, thank you!
Excellent video! Thank you! 😊
This is great! Your content is gold.
Thank you. My mother has the Clover advantage plan. She pays for nothing. She had a knee replaced and spent 5 days in the hospital and 4 weeks in a rehab facility followed by 21 outpatient rehab session (with transportation) and it cost hers $0. All of her prescriptions are covered. And she gets money for eye glasses plus $150 per quarter debit card.
Well, how much is taken out of your mother's social security in addition to the cost of the advantage plan?
Hi I'm a new Medicare agent and just recently became aware of your RUclips and Facebook page. Very simple to understand while being very informative. Thanks
Thank you Rose!
Great information 😊 happy to have y’all as my independent brokers
Thank you for your excellent explanation. While I have enrolled in Medicare, I’m still working through next year so I will keep paying attention to your channel!👍🏽
Thank you! Looking forward to chatting with you more as you approach retirement!
Wow! You really do a great job explaining, very clear.
Thank you!
I am from Pakistan and I am learning this because I provide CPL to Medicare brokers. You explained it very well and I understood it all. Thank you.
Thank you so much for sharing. Huge help!
Glad to hear it!
Thank you.
TY for the overview as we start educating ourselves in this area
You are so welcome!
Thank you
I extremely like the video. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Thank you!
Very good and understandable, will be giving you a call next year.
Looking forward to it!🙂
Thank you so much for your videos!! Mike C
You're welcome! 🙂
You are very good explaining this subject. Thank you
Thank you!
I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.
I’m so happy to hear this!
Thanks for info
I guess i’ll be calling you very soon
Cheers
😀
Do or can you make the slides available for note taking? Question Writing on the topics? Thanks!
I will be calling as I turn 65 in Nov. my husband will be 71 and very ill and I really need advice. I’m hoping to finally stop paying for insurance from my husband’s previous employer so I had insurance. He’s on Medicare already but I needed the coverage. Getting older is so scary
We would love the opportunity to help make things simpler for you! 🙂
what good does a supplement plan cover?
Saba wants to be a member.😊
Great video! Please you make video about Medicare for people with disabilities sho qualify before 65. Lets say at 30 with a permanent disability. What thing should we be aware of ? Who do we keep Medicare if we work but still have a disability?
can I delay Medi-Care since I'm still working and have health benefits through work? Do I need to notify Social Security office?
Sounds like they should rename it Medicon because not only are the deductibles high (for those who worked and already paid-in) but one would need insurance to cover the insurance (deductibles) lest one risks going broke in old age. It looks a lot like catastrophic care health insurance to me. So much for the "safety net" to protect the elderly. Maybe a better plan is to move to a different country!
Are colonoscopys covered under medicare?
If provider doesn’t accept Medicare assignment (Medigap plan for example) can one still see them and pay OOP for office services? I have one specialist that I see annually for a prescription refill who will grandfather me starting in ‘24 at 65 but I’m curious about new professional relationships that could arise.
If the provider accepts Medicare patients, but not Medicare assignment then you can still see them, and will be covered. A provider who doesn’t accept Medicare Assignment may bill you Excess Charges, which would be covered fully by certain Medigap Plans like Plan G. ruclips.net/video/Ac3s-AL93TQ/видео.html
Thank you for your videos. They've been very helpful! After watching a few, I attempted to go to your website to learn more about your company, however my security software blocked me due to a potential threat you may not be aware of. I'm going to call your main phone number and speak to a representative instead. Just wanted you to be aware there could be a problem with your site.
Thank you so much! We had an IT issue with our website yesterday so we are making fixes on it today. Looking forward to hearing from you!
Hi, I’m 62 (63 in July) and I’m planning on retired at my full retirement age. I know I have to enroll into Medicare at 65, and by watching your videos I am convinced that going with a broker is the best route for me; and I do think that your broker services is the one that I will look for help when the time is due. I live in California, and I’d like to know if your services are available in my state. Thank you!
Yes, we are licensed in and help many many folks in CA and would love the chance to assist!
This video helped me a lot, Thank You.
I have a question. Can I stop or freeze the Medicare if I need to leave the country for around 5 years for personal reason.
Yes you can cancel your Medicare Part B by contacting social security, but you may not be eligible for a “special enrollment period” to re-enroll when you return to the states so there is a potential for penalty if you go without Part B coverage while you are eligible.
If I am turning 65 this year and am already receiving social security benefits and am being covered by my wife's insurance witch, we plan to hold on to for now, knowing that Medicare will.
automatically send me my blue and white card 4 months prior to my 65th birthday! how do I go about letting them know I won't need parts A & B right now, or maybe I just want part A right now
as a secondary? And will I still be able for a Medigap plan at a later date?
Medicare will mail you your red white and blue card along with a form you can fill out to opt OUT of part B if you wish. You can fill that form out and mail it in, in order to delay Part B. And yes, you can get Medigap when you do add Part B, when your wife retires. I hope this helps!
question: if I'm collecting SS benefits, and am automatically enrolled in A & B, but still working with awesome health insurance I do not want to pay the $168 per month associated with Part B. How do I go about avoiding that cost ??
When the government enrolls you in Parts A and B they will mail you your card, along with a form you can fill out if you want to opt OUT of Part B. You will fill out that form and send it back to them.
@@AbtInsuranceAgency got it. thanks. I appreciate your videos as I'm 64 years and 4 months 😬
Do not trust the automatic enrollment. And they may not care that you are still working with a good health plan. It appears they want you to comply or else permanent extortion penalty later on for life and thus your premium even higher. I know of a good insurance that once you turn 65, you are forced to comply with Medicare part a and b, or you lose your good insurance. The good insurance which was cheaper says, you can keep it for life for free (really?) as backup or primary use of? So the $30 a person paid monthly is now five times more equated into that Medicare Premium then Medicare pockets probably half of it and pays the other Insurance company in cahoots. Oh and the 20% care that is not covered, this is where more fleecing comes in where you get offered supplement plans. Extortion of sorts!
What is the number you stated on your video that is important to know in case of a problem with an invoice that is with Medicare. It started with 855-87?? ???. Thank you Linda Allen
I'm not sure what you mean? email me at stephanie@abtinsuranceagency.com
Wife (58) was just approved for SSDI and will become eligible for Medicare in Nov 2023. I am 62 and still working. I work for a company who has more than 100 employees, and I carry our affordable health insurance. We plan to pay for Part B of her Medicare and hold this as secondary healthcare coverage. But, my question is: Should we also buy a Medigap Policy at the time she first becomes available for Medicare? Say for example, we don't enroll, and I lose my healthcare insurance next year. Can they deny her enrollment into a Medigap policy (without underwriting), even though we have original Medicare and insurance through my work? Would it make more sense to simply take Medicare and sign up for a Medigap when she is first eligible and for me to drop her from my insurance? Sorry, this is all new to us and we would like to make an educated decision when the time comes.
Great questions. Where are you located? In some states, Medigap is not available to folks under 65 on Medicare SSDI.
My advice would be for her to delay Part B enrollment while you are actively employed. Having Part B as secondary insurance doesn’t do much (if anything) at all. Then when she DOES add Part B she will have a new Medigap open enrollment period. Feel free to call my office for more information! 888-465-9728.
@@AbtInsuranceAgency We live in Ohio. So basically, when I lose my healthcare coverage, she will have so many days to elect Part B, and she will also be eligible for Medigap coverage at that time? Is this considered her initial enrollment period, where a Medigap plan cannot be denied due to pre-existing medical conditions, and also under the age of 65?
@@AbtInsuranceAgency Thanks for the info. There are no companies in Ohio that offer a Supplement plan, under age 65. So, it looks like our only option will be a Advantage plan once I lose my healthcare coverage through my employer. Can you help us select a plan that’s right for us when that time comes?
@@jeffb.2469 yes! 888-465-9728
I'm currently on IEHP in CA.
If I understand you correctly I'm being forced to enroll in Medicare.
I cannot stay on IEHP??
Medi-Cal is not creditable coverage to delay Part B so if you don’t enroll at age 65 then you would be penalized if you enroll later on. In some cases, you may be eligible for Medicaid to pay your part B premiums - this is income dependent. More info here - www.cms.gov/Medicare-Medicaid-Coordination/Medicare-and-Medicaid-Coordination/Medicare-Medicaid-Coordination-Office/QMB
If I heard correctly, if you pay for plan b supplemental insurance you then may need gap insurance. How much is gap insurance, I missed that?
It varies based on age and where you are located. In most areas plans start at $100-$150/month.
Looking for a Medicare gap plan but I see on your site you don't work in Minnesota? I live in St. Paul, MN.
Shoot me an email at stephanie@abtinsuranceagency.com and I can give you a great referral agent for that state! 🙂
Are you notified that you can enroll in a medigap plan? When? and are choices explained?
That’s what we are here to help with! And our services are 100% free. Abt Insurance Agency - 888-465-9728 🙂
My sister says she doesn't have to sign up for Medicare as long as she is working and has medical insurance at work. I disagree, I think she'll have a penalty if she doesn't sign up for A&B even if she doesn't use it because she has insurance at work. Who is correct? Thank you very much for your help and expertise.
As long as her employer has 20 + employees, she can delay Medicare without penalty! This video explains more -- ruclips.net/video/UlgLlvfmD6c/видео.html
Are there any books that you know of?
An American Sickness
Elisabeth Rosenthal
What if I started in Medicare supplement insurance for the first two years and transfer to Advantage plan for 1 year and come back to Medicare supplement, can I do that?
Yes, in that scenario you would be eligible for a “Trial Right” and would be able to get back your old Medigap Plan without underwriting. www.medicare.gov/supplements-other-insurance/when-can-i-buy-medigap/guaranteed-issue-rights
@@AbtInsuranceAgency Thanks
Friend turned 65 in March. Still working full time and have insurance thru work. Should I enroll in medicare part a now or wait till they stop working?
As long as they don’t have an HSA and making contributions then they can enroll in Part A now. Or wait - either way they won’t get penalized.
I cannot change plans, I am forced to pay and pay and pay and pay mor $$$$$
I’m turning 65 in September and my husband has me on his Humana policy through work. How do I stay on his insurance?
If you are not collecting Social Security benefits yet, then you can stay on his employer plan as long as his employer has 20 + employees, and delay Medicare by simply not enrolling.
I am on social security
@@TheRealRealHousewife then the government will automatically enroll you in Parts A and B, but when they send you your Medicare card you’ll receive a notice that you can send them back if you do NOT want part B. I would advise doing this and delaying your Part B coverage until your husband retires.
I turn 65 in 16 months and I am already on SS. When am I required to quit contributing to my HSA? I have a high deductible medical plan from previous employer. I have been told 6 months before and I have been told the months before I am 65. Thank you!
The month before you turn 65!
@@AbtInsuranceAgency Thanks so much.
Can you assist me with helping my mother who is currently enrolled in WellCare and it is a nightmare. I am not familiar with Medicare so I am not sure what to do. Can you help us? Thank you!
Call us! 888-465-9728
Hi, are you licensed in Pennsylvania and Florida?
Yes and yes!
Okay I’m 77 , retired in 2019 since than I am covered under my wife insurance, she is stil working full
time in a company of more than 100 employees, now she is planing to retired I am not sure about the plans in my city Kent ,portage county Ohio 44240 ,my wife has no any medical problem she 70 I had cardiac problems have stents and BP,and Cholesterol meds
How you can help me for time frame ,when and where I should look before her retirement,for Medicare for both us ,thanks for your assistance
@@DrBharatSharma-Anjum give us a call! We can help you mail down the enrollment timeline and figure out what plans are best for your needs. Completely free service. 888-465-9728.
Never heard of the Clover Advantage. Is it just in your state?
Can you only have part A alone?
Yes!
I don't understand the 226 deductible part...
It’s the amount that you have to pay out of pocket, to your doctor before your coverage kicks in.
Thanks for the answer, and how do you pay for the deductible?
@@veronicadelcid5828 your doctor will bill you.
I am looking for your contact information to have details
888-465-9728 or stephanie@abtinsuranceagency.com !
Will we ever get our 164.90 back? We can't afford to go to the Dr.
Can't afford not too. Hello Jesus❤
I will not be going to the doctor until January 2024. I cant change my plan and can't afford all the copays. so the public is screwed
So all ages pay for Medicare via payroll tax, right? Yet, I can only use it at age 65 and Even then, it's not free? Where does all the money go? Is it like unemployment where I have a personal account growing over years?
Medicare isn’t free. But you pay a “reduced” premium compared to what it would actually cost if you weren’t paying into all these years. This article shares some interesting info - www.kff.org/medicare/issue-brief/what-to-know-about-medicare-spending-and-financing/
@@AbtInsuranceAgency Still a racket, decades ago they led us to believe we were paying to have our medical needs covered when we turned 65. Now, I, who never goes to the doctor, am healthy, and can't imagine ever needing a doctor, I'm supposed to pay thousands per year for something I might never use. Makes me sick. Oh, and the only thing I need is dental and eye where I pay out of pocket. I was planning on only taking Part A, which makes sense today; but, who knows what the future holds. I have a few months to decide whether to pay more than a months income per year for insurance I might never use, or whether to roll the dice. Horrible.