Start with your state’s SHIP office to learn about Medicare rules specific to your state. I found that not all brokers were aware that my state had instituted the birthday rule for supplement plans. Then Check out the National Council on Aging’s standards of excellence for Medicare brokers. After talks with brokers I found through RUclips, I was much more impressed by - and confident in - one from the NCOA’s list. No matter what, though, I think it’s important to talk to people from multiple companies/organizations.
It is correct that all Medicare Advantage plans must cover urgent or emergency care when travelling in the U.S. But some Advantage also plans cover non-urgent/emergency care when travelling. HMO Advantage plans require care to be obtained only from in-network providers, unless an emergency. But PPO Advantage plans will cover care obtained from non-contracted providers, although it will usually involve higher copays, in that situation.
Thanks for the video. My wife turns 65 on December 1st. We learned that those who turn 65 on the first of the month start Medicare coverage on the previous month so she be a Medicare patient starting in November!
Hey, thanks for the video. I used Boomer Benefits as well for my Plan N supplement. Currently, I have the 50c Part D plan from W. It'll be REAL interesting to see what happens to the premiums and formularies in 2025 considering the Inflation "Reduction" Act and CMS's bowing to pressure from the current administration to mitigate premium increases before the election.
I have one question that I can't seem to find the answer to I'm currently working for a large employer and the employer is covering 100% of my medical & dental insurance. I plan on applying for Part A, as I turn 65 on 9/07/24. My question is that if I wait to apply to Part B & D until I retire, Do I still have the window available to me to get guaranteed acceptance into a Part G supplemental plan or will I now need to go thru underwriting to get the Part G supplemental plan since I didn't take it during my initial enrollment period
Right from the Medicare and You Handbook: When's the best time to buy a Medigap policy? • The best time to buy a Medigap policy is during your Medigap Open Enrollment Period. This 6-month period begins the first month you have Medicare Part B (Medical Insurance), and you’re 65 or older. (Some states have additional Open Enrollment Periods.) After this enrollment period, you may not be able to buy a Medigap policy or it may cost more. In certain situations, you may have rights to buy a Medigap policy (guaranteed issue rights) outside of your Medigap Open Enrollment Period. • If you delay signing up for Part B because you have group health coverage based on your (or your spouse’s) current employment, your Medigap Open Enrollment Period won’t start until you sign up for Part B. This last paragraph is what you are looking for!
Excellent presentation! Your explanations are clearer than the professional Medicare Insurance brokers.
Thank you. I do have PR background in fin services which helps.
Start with your state’s SHIP office to learn about Medicare rules specific to your state. I found that not all brokers were aware that my state had instituted the birthday rule for supplement plans. Then Check out the National Council on Aging’s standards of excellence for Medicare brokers. After talks with brokers I found through RUclips, I was much more impressed by - and confident in - one from the NCOA’s list. No matter what, though, I think it’s important to talk to people from multiple companies/organizations.
It is correct that all Medicare Advantage plans must cover urgent or emergency care when travelling in the U.S. But some Advantage also plans cover non-urgent/emergency care when travelling.
HMO Advantage plans require care to be obtained only from in-network providers, unless an emergency. But PPO Advantage plans will cover care obtained from non-contracted providers, although it will usually involve higher copays, in that situation.
Thanks, Jim. That was a great video. I appreciate your wit and wisdom!
Glad you enjoyed it!
Thanks for the video. My wife turns 65 on December 1st. We learned that those who turn 65 on the first of the month start Medicare coverage on the previous month so she be a Medicare patient starting in November!
Yes, one of the quirky rules that I learned when I did my first Medicare video. Look for the oldest video in the playlist!
Hey, thanks for the video. I used Boomer Benefits as well for my Plan N supplement. Currently, I have the 50c Part D plan from W. It'll be REAL interesting to see what happens to the premiums and formularies in 2025 considering the Inflation "Reduction" Act and CMS's bowing to pressure from the current administration to mitigate premium increases before the election.
ANOC in September will be important reading!
IRMAA is not my friend 😆
I have one question that I can't seem to find the answer to
I'm currently working for a large employer and the employer is covering 100% of my medical & dental insurance. I plan on applying for Part A, as I turn 65 on 9/07/24. My question is that if I wait to apply to Part B & D until I retire, Do I still have the window available to me to get guaranteed acceptance into a Part G supplemental plan or will I now need to go thru underwriting to get the Part G supplemental plan since I didn't take it during my initial enrollment period
Right from the Medicare and You Handbook:
When's the best time to buy a Medigap policy?
•
The best time to buy a Medigap policy is during your Medigap Open
Enrollment Period. This 6-month period begins the first month you have
Medicare Part B (Medical Insurance), and you’re 65 or older. (Some
states have additional Open Enrollment Periods.) After this enrollment
period, you may not be able to buy a Medigap policy or it may cost
more. In certain situations, you may have rights to buy a Medigap policy
(guaranteed issue rights) outside of your Medigap Open Enrollment
Period.
•
If you delay signing up for Part B because you have group health coverage
based on your (or your spouse’s) current employment, your Medigap Open
Enrollment Period won’t start until you sign up for Part B.
This last paragraph is what you are looking for!
@@IwasRetired Many thanks for the reply