very concise - thanks for walking us through - it makes it kind of easy unless I missed something. Just a quick thought question: is Medicare trying to trip us all up, making it confusing and setting penalties which persist forever every year if you sign up late through Special Enrollment Periods vs Initial Enrollment Periods. Seems like they're sooooo wily.
Robert, I agree! The different enrollment periods and late enrollment penalties can make everything confusion for new enrollees. It is important to understand how each person's situation can impact when they should set-up their Medicare enrollment to not enroll too early, or more importantly, too late!
Hi King Fish, the copay cost shouldn’t be higher than the retail cost with the plan. The cost before deductible on some drugs may be the same as the retail cost, but not higher. Hope that helps!
@@9929kingfish it should be the retail cost before the deductible is met, and then the set copayment amount. I haven't seen plans where the copayment is more than the retail cost, but you could also request to pay retail cost rather than use your plan if that is the case.
Thanks for the great information in this video, and thanks to Laurel from your office for explaining my options and getting me signed up!
John, absolutely! I am so happy Laurel was able to go over everything with you!
Excellent video. Very clear, concise and informative. Thank you.
Thanks for the video tutorial on Drug Plans, thanks!
Karl, absolutely! I think the tutorial is very helpful in showing just how these plans are broken down!
Very interesting topic. Thanks for the information!
Susan, you are welcome! Always important to understand how these plans work!
very concise - thanks for walking us through - it makes it kind of easy unless I missed something. Just a quick thought question: is Medicare trying to trip us all up, making it confusing and setting penalties which persist forever every year if you sign up late through Special Enrollment Periods vs Initial Enrollment Periods. Seems like they're sooooo wily.
Robert, I agree! The different enrollment periods and late enrollment penalties can make everything confusion for new enrollees. It is important to understand how each person's situation can impact when they should set-up their Medicare enrollment to not enroll too early, or more importantly, too late!
Thanks for posting! 👍
Always happy to help!
If the retail price is less, do you pay retail or do you pay the higher copay?
Hi King Fish, the copay cost shouldn’t be higher than the retail cost with the plan. The cost before deductible on some drugs may be the same as the retail cost, but not higher. Hope that helps!
@@medicarebyjamie830 I see some tier 2 copays are 14 dollars, but retail is less. Would I pay the retail or the copay required by plan?
@@9929kingfish it should be the retail cost before the deductible is met, and then the set copayment amount. I haven't seen plans where the copayment is more than the retail cost, but you could also request to pay retail cost rather than use your plan if that is the case.
@@medicarebyjamie830 okay thanks
Very helpful
Thanks Jeff!
A couple "OF" not a couple!!!