Thanks John. Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
So I’m confused my dad is 65 but got a n b so he is paying that but he won’t fill retire until 66 , his telling me to look into what will cover the other 20% that a n b doesn’t cover ! So if his paying for b already he has to get another part to cover the other 20%
@@griselgarcia3677 He can purchase a Medicare supplement policy from me. Text me your zip code at 919-714-3397 or email 919-714-3397. I’ll help you understand this. Hans
Thanks Laura Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
I turn 65 this November. Nobody has told me anything about my options. This is the best sixteen minutes that I could have spent on the subject. GREAT and SIMPLIFIED explanation of Medicare and the options available. At least now I have an idea what choices to make, and why those will work for me. Thank you!
THANK YOU THAT WAS A VERY CLEAR EXPLANATION...I SAVED THIS AS A REF.......PLEASE TAKE CARE OF YOURSELF I MAY NEED YOU IN 2 1/2 YRS., RIGHT NOW I'M 64 IN OCT. AND ON DISABILITY S.S. WITH MEDICARE.....MIKE
VERY well explained. I'm in the "66 & 6" Social Security year, looking to retire from my current position at 65 yrs old. The whole video was perfectly timed just for me !
We are in all 50 states and DC. Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
THANK YOU SO MUCH! You have made so many things clear to me on this subject. I'm getting close to retirement and this really helps me understand what my costs will be as well as the timely way I need to handle things to get the best coverage at the best price.
David Thanks for watching and subscribing. We can help you get the best coverage at the best price. In all 50 states and DC. Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
Thank you - this is one of the most clearly explained medicare videos I have seen. Why do they make it sooo confusing to begin with - who knows!! - so double thank you.
I live in an area with few Medicare Advantage plans, and even those have few extra benefits. We get tired of seeing ads promising dental, vision, etc. There just don't seem to be enough people in our county or region to make it profitable for insurance companies to design a plan for us.
I'll take SS at age 70. I was wondering how the payments were handled for original Medicare starting at age 65. Thank you for explaining that. Great presentation.
Medicare will send you a bill soon after you sign up for it. They used to require you to pay 3 months at a time. I have heard from some clients that they allow it to be paid monthly on bank draft? Be careful with this bill. If your Medicare Part B lapses, it is a real pain to get it started again. Hans Hans@CardinalGuide.com 919-535-8261
I will be 65 in a couple of years.... this is perfect information since I'm still working and living in California ( High Tax State) ........ and covered by my employer... Thanks a million!
You are welcome Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
Thank you Hans,this was a extremely well spoken explanation of medicare and it's options.I automatically subscibed,and looking foward to your other videos.
Thank you for this excellent explanation. I have been dreading figuring this all out and I feel this gives me the basic information I need when researching.
Outstanding explanation of a complex subject. The one missing fact is that if you plan to retire in another country outside the US your MediCare will not cover you. However you can still collect your full social security check.
Not only that. If you have an IRA and move to another country, it will get froze or cancelled by all the big brokerages. That is because of FATCA. Look it up.
Very interesting information. I wish some would do a video for those of us who won't qualify for Medicare because we have worked outside the US. I only have 23 credits and will be living in Florida when I Turn 65 in 2023.
TJ I can help you with Medicare consulting. Licensed in 50 states and DC. Thank for watching. Hans Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
Biggest advice I'd say is if you can afford a Supplement with a drug plan do it as it is the standard for coverage in the medical field and has less headaches involved with private insurance covering claims. For everyone else if it was me to provide a wider availability of dr I'd go for a PPO MAPD
So expensive. We pay into medicare our entire working lives(not by choice) and still have to pay when we're eligible to use it. Then we need supplements plus a prescription plan??? AdvantageCare plan is only good in NY so we have no choice but to choose expensive medicare. America always finds a way to take money from us. So disappointing
You paid for Medicare with pay-roll deductions. After 65 you pay for outpatient coverage. Try to find something this cheap in the private sector at your age.
My dad was on Medicare Parts A and B and had a Blue Cross supplement. I swear he never paid anything and he was in and out of the hospital for many years after age 65 and through 85. He had many surgeries over those years. He did pay for his meds but it really didn’t amount to much with generics. My husbands dad went the same route only using UHC for his supplement.
For me this is the best explanation! Im having a hard time of which is the best for me.. But now i know what is good for me.. I watch many medicare videos . but you are the one that I understand , Thank you so much.. More Power to you :)
Glad it was helpful! Reach out if you have any specific questions. Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com
Jay. Here’s my contact info Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
Your videos are outstanding for simpletons like myself ! Thank you ! Retired military, so will be on TCFL when I hit 65 in April. Am currently still working and have not filed for SSN. When I start paying for Medicare B in Apr or May, which I understand is $170+ now, how will I pay for that or be billed. I understand it will be taken out of SS when I decide to file. Am thinking that may be another reason to go ahead and file. Thanks again
The affordable care act doesn’t have much to do with Medicare or Medicare supplement insurance. Thanks for watching and commenting. Thanks Hans Hans@CardinalGuide.com
Easly understandable great work on explaining the basics of medicare. One criticizism is that delaying medicare usually involves delaying part B only since part A is usually a entitlement at no charge.
@@kevinmontgomery1383 I'd have to look into it. What I'm referring to is for people still working and still getting medical from thier employer and dont want to pay for both coverages. For part D the penalty is applied when delaying but only if your dont have creditable coverage from employer state programs.
From my research, you should sign up for Medicare whether you are working (with group ins) or not at 65. If you don't, you can incur late enrollment penalty fees. ???
OMG - I learned so much with this brief video. I want to thank you. I have subscribed to your channel. My wife will turn 63 in July. I am the baby in the family, 61. Looking forward to reach out to you at the right time. Is the right time now?
Thanks for viewing and commenting. Consider purchasing long term care insurance while you are still 62 and 61. Thanks Hans Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
@@CardinalAdvisors what determines if I can get social security under my ex-wife? I'm divorced neither one of us remarried and I have recently applied for social security the agent on the other line asked me if I knew her social security number I don't know it although in the divorce decree I can get it
@@johnziccarelli8823 if you were married to her for 10 years. Divorced, then no remarriage for you before 60. She has to file for benefits herself. You are then entitled to a percentage of her benefit if it is more than your own benefit. This costs her nothing. If she dies first, you get her whole benefit. Thanks Hans
How about being a Veteran? I use Va a lot. But what should I do? I Get my drugs form Va. IAM 65 but really can work due to my health? Please let me know if you can. Thk you john w.
Leaves out a lot of people though, for example those with employer retirement health coverage. That often mutates into a plan integrated with Medicare at 65, these days often absorbing A and B into a Medicare Advantage plan or something. You can miss critical deadlines and decisions and end up in the cold or paying some big bills.
I agree with previous comments- the best, clearest and most concise presentation I have seen. One question- If I opt for Medicare advantage, and select a particular provider, am I then locked into that provider thereafter or can I switch if I am not satisfied?
David No you are not locked in. Every fall is Medicare Annual Enrollment (October 15th through December 7th) where you can change plans or go back to original Medicare. Then there is Annual Open enrollment (Jan, Feb, and March) where you can do the same thing. We offer most of them across all 50 states and can serve you by phone. Thanks Hans
To K. La Borde: I would run over the syllabus gamut to get your feet wet, even to further prepare for these many scenarios or possibilities. This is not simple and is tantamount to stock trading with technical indicators in this game of chance. It is easy to buy, but to buy *wisely* is the most difficult.
Great presentation ! My question is I have lived outside the country since I was 55 and have paid my own insurance and still do . At 65 I got my part a card . But I did not sign up for part b , because I live outside the USA . I was told if I returned my insurance would not cover me back in the USA , I had 30 days to report to Social Security and file for plan b without any penalty , But in looking into it now it does not appear I am eligible to qualify for SEP .
I need more information. What is your age now? What is your health insurance since age 65? You might have to wait until Jan through March to apply for Part B and then it will start July 1st. Hans 919-535-8261 Hans@CardinalGuide.com
Super presentation. I’m on a supplement plan with blue cross. Very surprised how expensive my total annual bill is -over$8000 with drug plan. The IRMAA is absurdly high
@@CardinalAdvisors Yes. $8076 is the total for me. My previous BCBS was about $11000 for my coverage plus $3000 family deductible. I was surprised it was so close for Medicare
I don't see how medicare advantage is free to me. Where are those companies getting their money from. Are they billing the government? What's in it for them? If they are billing the government why are the feds paying them higher benefits that they would pay me?
Ann I would love to meet you too. Hans Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
Thank you Gary! Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
I missed the part regarding any costs for Medicare Advantage. If it includes Part D, etc., isn't there some kind of monthly cost? Do I talk to one of the companies you listed to see what that cost would be for me? Thanks!
We can help you price Medicare Advantage plans. Let’s move to email Hans@CardinalGuide.com or text 919-714-3397 Thanks Hans Hans "John" Scheil Certified Financial Planner™ 2530 Meridian Parkway, Suite 100 Durham, NC 27713 P: 919-535-8261 C: 919-714-3397 www.CardinalGuide.com Hans@CardinalGuide.com America’s Medicare & Long Term Care Financing Expert
@@OldManDave1960 For Medicare and long term care consulting, zero. The insurance companies pay us a commission if you buy from us. If you need and want financial planning, we charge flat fees, project based. They are ver low by comparison to competitors. We are CFPs. Thanks Hans
If you are already taking Social Security, you will automatically be enrolled in Medicare Part A and Part B the month you turn 65. If you started Social Security and do not want to start Medicare at 65, you need to contact Medicare and let them know.
What about traveling to foreign countries? What about Traveling in general? Doesn't having supplement give you better coverage if you travel in US and other countries?
Plan G includes a foreign travel emergency rider. $250 deductible, 80% coverage, $50,000 maximum. Original Medicare plus a supplement does not have a network. You can go to any doctor or hospital in the US that accepts Medicare which is most of them. Thanks Hans
Kaiser is an option to consider. We do not represent them because they are in so few states. We represent Humana, AARP/Unitedhealthcare, CVS/Aetna, CIGNA, Anthem, Centene/Wellcare. We write Medicare Advantage and Medicare supplement in all 50 states and DC. Thanks for watching, Hans
Excellent overview, thank you. However you seem to suggest that there’s some kind of connection between Medicare and when you start to take Social Security, but you didn’t elaborate. they seem to be two separate and unrelated choices, are they not?
Thanks for the info. I still have 5 years till than. If my health remains well .im trying not to pay for services I hope not to use. I hope to continue to live abroad but want to cover myself.
Great presentation ONLY, you didn't give examples of the Medicare C option with a Medicare Supplement prices? IF the prices are the same when going A or B. Why would I choose to be locked into a "inside network" program? How much less is Medicare C option with the Medicare Supplement?....Thanks, again, great info.
The price to you for most Part C Medicare Advantage Plans is zero to you. The government pays the insurance company behind the scenes. If you choose a Part C Plan, you can’t buy a Medicare supplement. A Medicare supplement policy pays the gaps of Original Medicare. To answer your question of “why be locked into a inside network” it is for the zero premium, free Part D plan, dental & vision, possibly gym membership. The downside of the Part C plan is the network and the copayments. Thanks Hans Text 919-714-3397 or email Hans@CardinalGuide.com
@@CardinalAdvisors Thanks Hans, so the liability to me for is the limited size of acceptance in the network and the copayments which I'm guessing can be unlimited?...
All Part C plans have a maximum out of pocket of $6000 to $8000 annually. If you stay on Original Medicare and buy the Plan G supplement, comparably your out of pocket will be $203 + the Plan G monthly premium.
Question: When I retired from Postal Service (at 56) I took my Federal Blue Cross Blue Shield with me....and still have it. (I am civil service, so I do not collect social security. I have a pension.) Now that I'm turning 65 in December, should I KEEP MY FEDERAL BLUE CROSS, or should I drop it and replace it with Medicare.
As long as your wife’s employer is 20+ employees and the coverage is what Medicare considers “creditable”, you can delay signing up for Part B until she retires. Thanks Hans
I understand most of the information you explained except drugs coverage. Why and when part D will impose penalty for life? If I start out with Medicare advantage (with A, B and C) then switch back to original Medicare (A and B) and then buy part D. Would there be a penalty? Thank you.
Medicare has a program called “Extra Help” which you can apply for to help you with premiums. There also are Medicare Advantage plans made for people on Medicaid called “Dual Eligible”.
Raising my hand👋 - question?...I currently draw 100% disability through the V.A. How will that play a factor in my decision on which way I choose in-regards to my Medicare?
If you are comfortable using the VA system exclusively, you can sign up for Medicare Part A only (free to you). If you think you might use care privately, sign up for Part B $148.50 monthly. Once you have Parts A & B, you need to then choose between Advantage or a supplement. I can help you with that. 919-535-8261 Hans@CardinalGuide.com. Thank you much for your service to this great country! Hans
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Thanks a million. I'm turning 65 this August and have been going crazy trying to uderstand all this. Great explanation.
Thanks John. Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Me, too! I have so much to learn. This is very helpful.
I'm also in august. i learned we should NOT wait til then to sign up.
@@jjpac2011 I’m in California my appointment is in August I turn 65 in September
hi John, what route did you take for your retirement?
This topic was very clearly explained! Thank you. This is the best presentation I’ve seen on this topic!
This is the best presentation that I've seen on Medicare choices for folks who will soon be turning 65. Great job!
Thank you. Hans
Agree.
I agree I’m trying to figure this out for my dad n I’m so confused
So I’m confused my dad is 65 but got a n b so he is paying that but he won’t fill retire until 66 , his telling me to look into what will cover the other 20% that a n b doesn’t cover ! So if his paying for b already he has to get another part to cover the other 20%
@@griselgarcia3677 He can purchase a Medicare supplement policy from me. Text me your zip code at 919-714-3397 or email 919-714-3397. I’ll help you understand this. Hans
I feel like I learned so much in such a short amount of time!! I'm turning 65 this July and am feeling much less confused!! Thank you!!
Thanks Laura
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Hi Laura, what route did you take for your retirement?
I turn 65 this November. Nobody has told me anything about my options. This is the best sixteen minutes that I could have spent on the subject. GREAT and SIMPLIFIED explanation of Medicare and the options available. At least now I have an idea what choices to make, and why those will work for me. Thank you!
John. Thanks I’m in all 50 states and DC. Would like your business. Hans@CardinalGuide.com or text 919-714-3397
I am approaching 65 and have never had such a concise explanation of how all these parts fit together. Excellent job! Thank you.
Thomas Text 919-714-3397 or email Hans@CardinalGuide.com for a consultation. Thanks Hans
THANK YOU THAT WAS A VERY CLEAR EXPLANATION...I SAVED THIS AS A REF.......PLEASE TAKE CARE OF YOURSELF
I MAY NEED YOU IN 2 1/2 YRS., RIGHT NOW I'M 64 IN OCT. AND ON DISABILITY S.S. WITH MEDICARE.....MIKE
VERY well explained. I'm in the "66 & 6" Social Security year, looking to retire from my current position at 65 yrs old. The whole video was perfectly timed just for me !
This is so timely. I am turning 65 next month. Thanks for sharing.
what route did you take for your retirement?
Great job, out of the videos I watched today on Medicare you had the best explanation!
Thank you Joel! We really appreciate that. If you have anymore questions, feel free to give us a call -919-535-8261
We are in all 50 states and DC. Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
THANK YOU SO MUCH! You have made so many things clear to me on this subject. I'm getting close to retirement and this really helps me understand what my costs
will be as well as the timely way I need to handle things to get the best coverage at the best price.
David Thanks for watching and subscribing. We can help you get the best coverage at the best price. In all 50 states and DC.
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Thank you - this is one of the most clearly explained medicare videos I have seen. Why do they make it sooo confusing to begin with - who knows!! - so double thank you.
Wow, this was an excellent presentation. By far, the best one I have seen on this subject. I am turning 65 in December. Thank you. 👍
I live in an area with few Medicare Advantage plans, and even those have few extra benefits. We get tired of seeing ads promising dental, vision, etc. There just don't seem to be enough people in our county or region to make it profitable for insurance companies to design a plan for us.
Thank you so much for a clear presentation. The flow chart makes it clear how to proceed with the various choices.
What a fantastic presentation! I’ve never had anyone else be able to explain this to me clearly. Many thanks!
Great explanation without being too wordy. Thanks - still a few years off but getting educated.
Very thorough/concise presentation, thank you for doing this, much appreciated.
Thank you, Hans, for your presentation. I appreciate the order you brought to a "high entropy" subject
I'll take SS at age 70. I was wondering how the payments were handled for original Medicare starting at age 65. Thank you for explaining that. Great presentation.
Medicare will send you a bill soon after you sign up for it. They used to require you to pay 3 months at a time. I have heard from some clients that they allow it to be paid monthly on bank draft? Be careful with this bill. If your Medicare Part B lapses, it is a real pain to get it started again. Hans Hans@CardinalGuide.com 919-535-8261
@@CardinalAdvisors Thank you.
Another reason to consider the Advantage route is it provides reimbursable urgent care coverage if you are out of the country.
I will be 65 in a couple of years.... this is perfect information since I'm still working and living in California ( High Tax State) ........ and covered by my employer... Thanks a million!
You are welcome
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Thank you Hans,this was a extremely well spoken explanation of medicare and it's options.I automatically subscibed,and looking foward to your other videos.
Thank you for this excellent explanation. I have been dreading figuring this all out and I feel this gives me the basic information I need when researching.
Thank You
Outstanding explanation of a complex subject. The one missing fact is that if you plan to retire in another country outside the US your MediCare will not cover you. However you can still collect your full social security check.
Not only that. If you have an IRA and move to another country, it will get froze or cancelled by all the big brokerages. That is because of FATCA. Look it up.
BRILLIANT EXPLANATION. This should be required for any American
Thank you
This is amazing! Thanks for the clear and detailed explanations🙏🏾
Thanks for this, I turned 65 a few months ago. I’m glad I’m in retirement now. Life’s good
what route did you take for your retirement?
Very interesting information. I wish some would do a video for those of us who won't qualify for Medicare because we have worked outside the US. I only have 23 credits and will be living in Florida when I Turn 65 in 2023.
This is exactly what I was looking for. Turning 65 in October. Thanks!
TJ I can help you with Medicare consulting. Licensed in 50 states and DC. Thank for watching. Hans
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
what route did you take for your retirement?
Biggest advice I'd say is if you can afford a Supplement with a drug plan do it as it is the standard for coverage in the medical field and has less headaches involved with private insurance covering claims. For everyone else if it was me to provide a wider availability of dr I'd go for a PPO MAPD
Thank you for very helpful information. I am so glad to hear this near the beginning of my decision making process!
So expensive. We pay into medicare our entire working lives(not by choice) and still have to pay when we're eligible to use it. Then we need supplements plus a prescription plan??? AdvantageCare plan is only good in NY so we have no choice but to choose expensive medicare. America always finds a way to take money from us. So disappointing
Yep.
@@mallariculp3551 AND IF YOUR STLL WORKING AFTER 65 THEY STLL TAKE OUT TAX FOR MEDICARE ON YOUR PAY CHECK
You paid for Medicare with pay-roll deductions. After 65 you pay for outpatient coverage. Try to find something this cheap in the private sector at your age.
My dad was on Medicare Parts A and B and had a Blue Cross supplement. I swear he never paid anything and he was in and out of the hospital for many years after age 65 and through 85. He had many surgeries over those years. He did pay for his meds but it really didn’t amount to much with generics. My husbands dad went the same route only using UHC for his supplement.
so your dad, always paid $148 for plan A and B and nothing for supplemental?
Best, brief and made easy presentation. First time I got complete overview of these options.
Glad it was helpful!
Hans
Text 919-714-3397 or email Hans@CardinalGuide.com
For me this is the best explanation! Im having a hard time of which is the best for me.. But now i know what is good for me.. I watch many medicare videos . but you are the one that I understand , Thank you so much.. More Power to you :)
Glad it was helpful! Reach out if you have any specific questions.
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
That was great, very timely and succinct. Thank you!
Thank you for making this so clear
This was great ! I'll turn 65 next July. I'll start making my moves in Jan , Feb , March 2022. Thanks
Jay. Here’s my contact info
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Very clear explanation, thank you!
Thank you so much for sharing!
Your videos are outstanding for simpletons like myself ! Thank you ! Retired military, so will be on TCFL when I hit 65 in April. Am currently still working and have not filed for SSN. When I start paying for Medicare B in Apr or May, which I understand is $170+ now, how will I pay for that or be billed. I understand it will be taken out of SS when I decide to file. Am thinking that may be another reason to go ahead and file. Thanks again
Thank You. Best explanation I have seen!
Wow ! One of the the best explanation video I have seen ! Thank You 🙏
Thanks
I forgot to ask if the Affordable Care Act covers supplemental coverage.
The affordable care act doesn’t have much to do with Medicare or Medicare supplement insurance. Thanks for watching and commenting. Thanks Hans Hans@CardinalGuide.com
Thank you for demystifying Medicare. It'll be easier to read and understand the literature on it now.
Thank you I have a friend who has Cigna with Medicare fir his eye pays 1,000 with Cigna and Medicare
Easly understandable great work on explaining the basics of medicare. One criticizism is that delaying medicare usually involves delaying part B only since part A is usually a entitlement at no charge.
From what I understand, if you delay Part D you will pay about $25.00 a month late fee per month for the rest of your life!
@@kevinmontgomery1383 I'd have to look into it. What I'm referring to is for people still working and still getting medical from thier employer and dont want to pay for both coverages. For part D the penalty is applied when delaying but only if your dont have creditable coverage from employer state programs.
@@nickmcgruber7052 Hey Thanks. I am 64-1/2.My wife and I have coverage until we turn 70. I would sure like to know the ins and outs.
Best video on the topic I’ve seen so far. Thank you.
Thank you
This is fantastic information. And u r adorable. Very trustful energy.
Thank you 😊
very clear presentation. the best explanation I ever heard. thanks!
Absolutely excellent information and clearly explained!
Glad you enjoyed it!
From my research, you should sign up for Medicare whether you are working (with group ins) or not at 65. If you don't, you can incur late enrollment penalty fees. ???
Group insurance, if deemed creditable by Medicare, gets you relief from the late enrollment penalties. Hans
Thank you for explaining it so well. I have a good idea on what I will choose.
Glad it was helpful!
919-535-8261
CardinalGuide.com
You did not mention that some people qualify for Medicaid share of cost. Then when the bills go over that amount Medicaid will pick up the bill.
Thank you sweet Man.
OMG - I learned so much with this brief video. I want to thank you. I have subscribed to your channel. My wife will turn 63 in July. I am the baby in the family, 61. Looking forward to reach out to you at the right time. Is the right time now?
Thanks for viewing and commenting. Consider purchasing long term care insurance while you are still 62 and 61. Thanks Hans
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
@@CardinalAdvisors what determines if I can get social security under my ex-wife? I'm divorced neither one of us remarried and I have recently applied for social security the agent on the other line asked me if I knew her social security number I don't know it although in the divorce decree I can get it
@@johnziccarelli8823 if you were married to her for 10 years. Divorced, then no remarriage for you before 60. She has to file for benefits herself. You are then entitled to a percentage of her benefit if it is more than your own benefit. This costs her nothing. If she dies first, you get her whole benefit. Thanks Hans
@@CardinalAdvisors does this happen automatically? Or is there a sit-down required?
I guess what I don't understand is how would we know if an ex-spouse is incomes greater than their own
this was a great presentation very clear on medicare advantage vs supplement
How about being a Veteran? I use Va a lot. But what should I do? I Get my drugs form Va. IAM 65 but really can work due to my health? Please let me know if you can. Thk you john w.
Leaves out a lot of people though, for example those with employer retirement health coverage. That often mutates into a plan integrated with Medicare at 65, these days often absorbing A and B into a Medicare Advantage plan or something. You can miss critical deadlines and decisions and end up in the cold or paying some big bills.
Thank You ... that was one of the BEST explanations of Medicare I have ever seen 👍🏻👍🏻
Thanks for watching and commenting! Hans
This is a really good presentation. Thank you.
Thank You
Good job on explaining it Sir !
VERY GOOD presentation/clear.
I agree with previous comments- the best, clearest and most concise presentation I have seen. One question- If I opt for Medicare advantage, and select a particular provider, am I then locked into that provider thereafter or can I switch if I am not satisfied?
David No you are not locked in. Every fall is Medicare Annual Enrollment (October 15th through December 7th) where you can change plans or go back to original Medicare. Then there is Annual Open enrollment (Jan, Feb, and March) where you can do the same thing. We offer most of them across all 50 states and can serve you by phone. Thanks Hans
@@CardinalAdvisors Thank you
Great information thank you for the video sir.
Thanks. You are the best.
Learned a lot, not ready for Medicare yet, but great to know.
Thanks for watching!
Hans
919-535-8261
Hans@CardinalGuide.com
To K. La Borde: I would run over the syllabus gamut to get your feet wet, even to further prepare for these many scenarios or possibilities. This is not simple and is tantamount to stock trading with technical indicators in this game of chance.
It is easy to buy, but to buy *wisely* is the most difficult.
This is the information I needed. Thank you so much sir!
Great video, these points are well explained
Great presentation ! My question is I have lived outside the country since I was 55 and have paid my own insurance and still do . At 65 I got my part a card . But I did not sign up for part b , because I live outside the USA . I was told if I returned my insurance would not cover me back in the USA , I had 30 days to report to Social Security and file for plan b without any penalty , But in looking into it now it does not appear I am eligible to qualify for SEP .
I need more information. What is your age now? What is your health insurance since age 65? You might have to wait until Jan through March to apply for Part B and then it will start July 1st. Hans 919-535-8261 Hans@CardinalGuide.com
Excellent video and thank you
What if you are still working anD have group ins
?
Delay signing up for Medicare until you retire
@@CardinalAdvisors thank you !
I will be turning 64, but good to know. The last year will fly by... Great presentation!
Thank you Phil
Super presentation. I’m on a supplement plan with blue cross. Very surprised how expensive my total annual bill is -over$8000 with drug plan. The IRMAA is absurdly high
Thanks for the compliment. Is the $8000 from Blue Cross Med Supp+Drug plan+deductibles/copayments+IRMAA?
@@CardinalAdvisors Yes. $8076 is the total for me. My previous BCBS was about $11000 for my coverage plus $3000 family deductible. I was surprised it was so close for Medicare
@@CardinalAdvisors this doesn’t cover deductibles or copayment
grammar police here: not a "mute" point but a "moot" point but a great presentation overall!
Well done, thank you.
I don't see how medicare advantage is free to me. Where are those companies getting their money from. Are they billing the government? What's in it for them? If they are billing the government why are the feds paying them higher benefits that they would pay me?
Thanks so much. Would love to meet you.this is so informative.
Ann I would love to meet you too. Hans
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Great explanation. Sir, thanks so much! I will be calling you later this week or next!!!
Thank you Gary!
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
Great information! Thank you!
Such an clear explanation ... Thank you, God Bless
God bless you! Thought you might enjoy. cardinalguide.com/finishing-well-podcast/
I missed the part regarding any costs for Medicare Advantage. If it includes Part D, etc., isn't there some kind of monthly cost? Do I talk to one of the companies you listed to see what that cost would be for me? Thanks!
We can help you price Medicare Advantage plans. Let’s move to email Hans@CardinalGuide.com or text 919-714-3397 Thanks Hans
Hans "John" Scheil
Certified Financial Planner™
2530 Meridian Parkway, Suite 100
Durham, NC 27713
P: 919-535-8261
C: 919-714-3397
www.CardinalGuide.com
Hans@CardinalGuide.com
America’s Medicare & Long Term Care Financing Expert
@@CardinalAdvisors How much do you charge?
@@OldManDave1960 For Medicare and long term care consulting, zero. The insurance companies pay us a commission if you buy from us. If you need and want financial planning, we charge flat fees, project based. They are ver low by comparison to competitors. We are CFPs. Thanks Hans
What if you start collecting SSI at 62? If I paid in enough will SSA automatically enroll me into Medicare?
If you are already taking Social Security, you will automatically be enrolled in Medicare Part A and Part B the month you turn 65. If you started Social Security and do not want to start Medicare at 65, you need to contact Medicare and let them know.
@@CardinalAdvisors Wow thank you so much.
What about traveling to foreign countries? What about Traveling in general? Doesn't having supplement give you better coverage if you travel in US and other countries?
Plan G includes a foreign travel emergency rider. $250 deductible, 80% coverage, $50,000 maximum. Original Medicare plus a supplement does not have a network. You can go to any doctor or hospital in the US that accepts Medicare which is most of them. Thanks Hans
Very understandable presentation. Thank you.
You are welcome. Hans
I showed this video to my family member whos turning 65 and he understood everything very well. Thanks for saving me all the hassle! Great video!
Glad it helped!
Thank you for info.
You didn’t mention Kaiser permanente...is that an option that you would consider.? They also offer the advantage type plan you described.
Kaiser is an option to consider. We do not represent them because they are in so few states. We represent Humana, AARP/Unitedhealthcare, CVS/Aetna, CIGNA, Anthem, Centene/Wellcare. We write Medicare Advantage and Medicare supplement in all 50 states and DC. Thanks for watching, Hans
Excellent overview, thank you. However you seem to suggest that there’s some kind of connection between Medicare and when you start to take Social Security, but you didn’t elaborate. they seem to be two separate and unrelated choices, are they not?
Medicare starts at 65. Social Security can start any month between 62 and 70 depending on when you elect to take it. Thanks Hans
Thanks for the info. I still have 5 years till than. If my health remains well .im trying not to pay for services I hope not to use. I hope to continue to live abroad but want to cover myself.
Thank u sir u have been very helpful!😊
Great presentation ONLY, you didn't give examples of the Medicare C option with a Medicare Supplement prices?
IF the prices are the same when going A or B. Why would I choose to be locked into a "inside network" program?
How much less is Medicare C option with the Medicare Supplement?....Thanks, again, great info.
The price to you for most Part C Medicare Advantage Plans is zero to you. The government pays the insurance company behind the scenes. If you choose a Part C Plan, you can’t buy a Medicare supplement. A Medicare supplement policy pays the gaps of Original Medicare. To answer your question of “why be locked into a inside network” it is for the zero premium, free Part D plan, dental & vision, possibly gym membership. The downside of the Part C plan is the network and the copayments. Thanks Hans Text 919-714-3397 or email Hans@CardinalGuide.com
@@CardinalAdvisors Thanks Hans, so the liability to me for is the limited size of acceptance in the network and the copayments which I'm guessing can be unlimited?...
All Part C plans have a maximum out of pocket of $6000 to $8000 annually. If you stay on Original Medicare and buy the Plan G supplement, comparably your out of pocket will be $203 + the Plan G monthly premium.
@@CardinalAdvisors WOWWWWWW, Holy Cow...what an education you've given us. Thank you very much!!!!!!!!!!!!!!!
Question: When I retired from Postal Service (at 56) I took my Federal Blue Cross Blue Shield with me....and still have it. (I am civil service, so I do not collect social security. I have a pension.) Now that I'm turning 65 in December, should I KEEP MY FEDERAL BLUE CROSS, or should I drop it and replace it with Medicare.
Rob I think you have to get Medicare and then your Federal Plan will work Medicare. I would call the plan and ask them what to do. Thanks Hans
what route did you take?
@@carapungo I’m 63. My wife and I intend to take original Medicare plus a Medicare supplement plan G. Thanks
@@carapungo I stuck with my Federal BCBS and just got the Part A medicare. I'm satisfied with that. I don't want to pay the $170/mo. for Part B.
@@robira1313 good for you, thanks for the reply
I was told that these cost for part B is based on your income at age 63
I will be turning 65 inJuly of 2022. My wife is still working and has insurance that I’m covered under. Do I need to sign up for part B?
As long as your wife’s employer is 20+ employees and the coverage is what Medicare considers “creditable”, you can delay signing up for Part B until she retires. Thanks Hans
I understand most of the information you explained except drugs coverage. Why and when part D will impose penalty for life? If I start out with Medicare advantage (with A, B and C) then switch back to original Medicare (A and B) and then buy part D. Would there be a penalty? Thank you.
What if you cant afford to pay for Medicare? Right now my Covered CA is only $1.00.
Medicare has a program called “Extra Help” which you can apply for to help you with premiums. There also are Medicare Advantage plans made for people on Medicaid called “Dual Eligible”.
I was hoping to hear something about Dental insurance
Eat no sugar, eat fermented foods including Milk Kefir and keep your teeth;)
Raising my hand👋 - question?...I currently draw 100% disability through the V.A. How will that play a factor in my decision on which way I choose in-regards to my Medicare?
If you are comfortable using the VA system exclusively, you can sign up for Medicare Part A only (free to you). If you think you might use care privately, sign up for Part B $148.50 monthly. Once you have Parts A & B, you need to then choose between Advantage or a supplement. I can help you with that. 919-535-8261 Hans@CardinalGuide.com. Thank you much for your service to this great country! Hans