Medicare Explained | Understanding How Medicare Works
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- čas přidán 12. 09. 2024
- www.abtinsuran... | (888) 465-9728 | email stephanie@abtinsuranceagency.com . Free, unbiased Medicare assistance.
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This is the most informative CZcams video on Medicare I have seen. Thank you so much!
Dean thank you for watching! Let me know whenever we can be of assistance.
I’ll be contacting you when the time comes. Are you authorized in Oklahoma?
@@deanmiller294 yes, I am. Looking forward to hearing from you!
@@AbtInsuranceAgency Are you liscened in Idaho??
@@rustysruger yes I am! Call us anytime (888)465-9728
Thank God you made this video... Been trying to help my mother and it's been a headache. Going to watch your 2022 update video next. 👍😁
Without these basics nothing else anyone talks about makes sense. This is a wonderful overview and anchors the costs to you and what you can do to protect yourself from paying out too much.
Thank you so much for sharing your knowledge. I'm a new Medicare agent and this video helped so much! Thank you!
How may I contact you...?
I went on disability in 2009. My company put me in Medicare and other default coverage. I had Medicare deducted from my default disability paycheck and also had LTD insurance. I am still kind of stuck in their plan. My out of pocket cost keep going up. I'm not saying a little but a heugh amount.
Best explanation I seen so far. Our health care should be this complex.
Anything I didn't cover that you have questions about? Please leave them here!
Does it matter if a doctor may charge more than Medicare allows if the supplement plan pays the extra?
i am starting my medicare this year i know part B fee is 148.50 because of my income in 2019. so in 2022 will the fee change if my income in 2020 the next higher bracket? Or is a one thing .
@@ronaldgildenzopf2698 It could go up if you have a higher income year in 2020. I hope this helps!
@@AbtInsuranceAgency So it can change from year to year!
Excellent video. Comprehensive and easy to understand.
I’m so glad you found it helpful!
Thank you for sharing. You are an excellent teacher. May God continue to bless you and your family (looks like you guys won the gene pool lottery as well).
You are so kind!
I just started a job in the managed care space for the first time and I'm trying to better understand the channels in which insurance operates and I think this video was very helpful in clarifying Medicare a bit. Thank you!
Thank you for watching!
Just starting my insurance career.. This is motivation to become my own independent insurance broker watching you. Best of luck to you and your insurance career! Thanks for explaining this clearly as well as effectively
Best of luck to you!
Thank you so much! You are amazing. I do this every year for my 84 year old mom in Kansas. We have never fully understood Medigap or Advantage so have basically avoided both. I understand so much more after this video.
Excellent presentation. Thank you so very much for bringing clarity to this topic.
Thank you for explaining how everything works I understand so much better my sales are going to be more then last year thanks to you. If you ever start a team or looking to have more people on your team please let me know.
Outstanding content! It takes deep technical knowledge and great communication skills to explain a complex topic like Medicare enrollment in such a clear, helpful, and understandable manner.
Thank you so much for that compliment!
Your videos are a great help to me. I have a question.....just about all my family/friends that I have asked about their Medicare choices say they are on Medicare advantage plans. They leave the choice up to the agent as to what is best for them. I have been studying the choices for many months now and it seems to be the Medicap G plan is just about the best plan. What am I missing? Your thoughts are appreciated!
Many agents get paid more to sell Medicare Advantage Plans, so sadly you’ll see these plans pushed heavily by some agents even if it’s not in the best interest of the client. I’m glad you are doing your own research!
Please let me know if I can ever be of assistance - 888-465-9728
You are so super helpful - I appreciate you and your videos very much!! Thank you, Karen
Thank you Karen!
WOW Thank you so much for this video.I will be 65 in March and this stuff seemed so overwhelming and difficult to understand.I liked the way you explained everything,but believe me I'll probably have more questions.
Nicely explains about the entire part of Medicare, Thank You
Thank you for watching! 🙏🏼
Thank you! The information is very helpful! 👍🌹
Thanks for posting! 👍
awesome video
Well done! Stephanie is the best.
☺
this really clarified alot
The laymen like manner that you explain a fairly complex, multi-variable program in makes it understandable for people of my generation, thank you. No matter how good you get at this, you are going to be hard pressed to compete with the stratospheric cuteness of you daughter in the intro 😂
Your daughter is SO cute!
I agree! Although I may be biased 😉
Great info, from a smart , Hottie
I have Medicare Advantage D-SNP HMO government subsidy So I do pay $0.00 on everything. Btw great review!
This is a great video. My Sister just aged into Medicare and received her red, white & blue card. Does she needs to wait for the Open Enrollment in Oct/22 to sign up for a Medigap & PDP plans? Can she enroll online at the Market Place?
Thanks, very informative --and your daughter is adorable...
Thank you!
Thank you for the information and you are very easy to understand on all the areas you've covered on this video. Question, which plan is the one that covers you when you travel outside USA? do I need to buy an insurance?
That plan chart (~14:55) shows 80% coverage of foreign travel emergency (however that's defined) under the part G medigap option.
If you choose that, you'd want to investigate what that covers.
And you still may want to purchase some dedicated insurance for when you travel, depending on your analysis of your risk profile.
Or just put it in las manos de Dios.
Not sure why she hasn't responded to your question in four months but I figured I'd throw my two cents in. Hope it helps.
Cool, Kentucky.
Is that your daughter who is absolutely adorable? My question is : I am not retired yet. And I will turn 65 soon. Should I sign up Part A when eligible?
After I sign up, which one becomes my primary insurance, my current group insurance or Part A?
And what's pro and con to sign up Part A when still covered by my group insurance?
I find your explanation is excellent. Thanks.
Excellent explanation!
WOW... very interesting, great video. I take my insurance exam this Friday, I am so torn as to start with Medicare or FE. Does my wife and I have to start medicare at 65, as long as we have insurance through her work? Thank you again for the video.
Thanks for watching! You can actually delay Medicare if you have coverage through her work in most situations. This video explains more -- czcams.com/video/UlgLlvfmD6c/video.html
Thank You.. I emailed you, i'm coming up to 65 in a few months.
Thank you.
Thank you great videos!!
:-)
Thanks again been watching all you’re videos. Comment a few times , thanks for you’re reply. You’ve been very helpful and help me understand the crazy system more. I’m a few years away only 62. Plan on applying using at my fra will be working close to that time. 66 year x months not sure. Hopefully you’re still around available at that time. I’ll be calling, using you. I’m in Illinois.
I look forward to hearing from you! I'll still be here :-)
Thankyou for making this video. Do you have any plan on making a video on how Medicare coverage works if you are traveling abroad and get sick or injured or if you retire to a different country?
Hello Stephanie, thanks so much for making these videos. They are so helpful. I wonder if you could help me with a question - suppose a person had 55 days of hospital+SNF stay and was discharged, and was readmitted within the same benefit period. Once the person is readmitted, given that it is the same benefit period, I understand that they do not need to pay the deductible again, but for the coinsurance, will the first day of readmission be considered as Day 56, or Day 1? Thanks!
excellent explanation ...
Thank you!
Beautiful explanation
Question, Does Medicare Part B cover any medications or do you need Part D as well?
Will medicare have cuts because of the 2021 stimulus package?
That's a great question, and one we still don't exactly know the answer to yet.
Thank you! I'll be in touch.
I live in two states. Does Medicare cover me in both?
Are you registered in Mass and Florida?
Any videos or links on navigating home care for a parent that is immobile through Medicare?
Nice video!
Very good video.Are you licensed in Oregon?
Yes, we are! You can reach us at 888-465-9728.
Stephanie so we need Medicare Part A, B ,D(RX) and a Medigap for the 20% Part A and B don't cover correct.?
Or Medicare advantage.
Watch it through from start to finish and she'll explain all those basics.
Licensed in Florida?
So the G plan your a excepted the first year if you apply at 65 but do you have to be under written every year after that?
love the infomation .well said ,i guess for me the better is traditional medicare since,I have tricare for life?Any recommendation appreciate your help!
Does the medigap plan N take care of the initial $1484. of Part A? Or is that a deductible that I must pay out of pocket?
Yes, Plan N does cover the Part A deductible.
Thank you for your reply. Am I not able to buy plan N til I’m 65? I’ll be 65 end of FEBRUARY 2022
I just read in 2023 if I have Part D , which I do, the shingles shot will be no money out of pocket? Is that right?
I have mc a&b but I need the part that pays for prescriptions. How do I make the change?
You can sign up for a Part D drug plan between Oct 15 and Dec 7. This video explains how - czcams.com/video/upBXun_eRos/video.html
Medicare and medicaid here. I'm off medicaid soon. What do I do now? I'm so confused.
Stephanie if you are receiving SS benefits are you required to have part D for prescriptions
Not required, no. But if you go without Part D coverage and then enroll later on you may get a penalty.
Any guidance for us on Tri-Care ? Enjoy your videos , thank you
Moneywise, I'd say that the Medicare Advantage Plan clearly is the winner. As long as one who is healthy in general and your PCP is on the in-network list.. . Right, or wrong?:)
Stephanie lm about to turn 65 on July and lv'e been watching your CZcams channel for a minute now..lm not retire still working..lm very interesting and happy about how you explain every aspect of Medicare system so lm just wondering if you can help me enroll in Meicare..which plan l should take .
I dont make that much money..
I would be happy to help! Please give us a call at 888-465-9728.
@@AbtInsuranceAgency ok l'll call you sometime next month for sure..cause rite now l don't hav any health insurance l used to hav insurance on my job almost a year ago since covid 19..so l really need to enroll for Medicare now..
I'm on disability and my insurance is far cheaper than Medicare. My question is do I have to get the medicare insurance or can I keep what I have?
It depends. If you are employed and have creditable coverage you can delay Medicare without penalty. However if you’re not and you don’t take Medicare when you are first eligible you may face penalties later on down the road if/when you decide to enroll.
Superlative!
Is SS and Medicare dragging their feet like other gov't agencies thus taking months to do what used to take a few minutes?
Don't give them any ideas!
For those American retirees who moved to Europe or Asia for retirement and they have healthcare insurance in those countries, must they still enroll and pay for Medicare Part B, Medicare Advantage and Medicare Part D?
It depends on your specific situation, and if you plan on returning to the US. I’d be happy to review more - call us at 888-465-9728! 🙂
Hello. This is Mansour Fatehi. As I informed you, I am turning 65 , on 09/23, so I am eligible to enroll in Medicare. On 10/06/2021 my Employer benefits opening will start, continuing to 10/20/2021, and it will be effective 1st Jan.2022.
1)I want to know that if I enroll in Employer benefits I would not not be assessed a penalty for Medicare?
2)The Employer coverage has 5 plans that I send to you, I want
to know can I select (KP HMO plan) or you suggest another plan?
Please let me know.
Thank You so much for your consideration and patience.
Mansour Fatehi.
Can I collect social security?? I got 5 more years before my 65th b,y. ??
Can you give an example of how much does Plan G cost?
It depends on where you live, and your age. In most parts of the country Plan G rates range from $100-$150/month for a 65 year old male, but I’d be happy to provide some specific quotes for you. Please feel free to call us at 888-465-9728 or email stephanie@abtinsuranceagency.com
Are you licenced in Va?
Yes, I am (888) 465-9728 🙂
@@AbtInsuranceAgency awesome, I'll call you Friday afternoon.
I have credible insurance now and will turn 65 in November... Will the Government automatically enroll me into medicare since I've been on SS for 3 years???
If you are already collecting social security benefits prior to turning 65 then yes you will be auto-enrolled in Parts A and B. And if so, you can choose to decline Part B, they will send you a form in the mail allowing you to do so. You’ll want to consider what type of creditable coverage you have, whether you are actively employed, etc to determine whether or not you should take Part B now or decline it. We’d be happy to help review this in more depth (888) 465-9728
@@AbtInsuranceAgency What would be my primary insurance, my credible insurance or Medicare? Thanks
where are you licensed?
Do you work with clients in other states (I’m in California), or just in Texas?
I work in CA as well as 45 other states nationwide! :-) Give us a call anytime (888) 465-9728
How does medicare work if you still have a minor child. Meaning your disabled and dont qualify for medicare saving plan by $30.00 .. why is it couples the limit is higher but if you have a kid living with you they count you single. What if child gets income will they count that income too? Just curious
Hi, are the dependents of Medicare recipients entitle some benefits?
Okay this may be a silly question. Do you have to have anything more than part a and b? If not how would that work? Do you still have to have a provider. I mean if you go to the doctor and say here’s my Medicare card and that’s it. Would they say it doesn’t work that way. You must blue cross or some other insurance provider?
You can absolutely just have Medicare Parts A and B. However if you do so you will be subject to Medicare's out of pocket costs without a cap. I hope this helps!
Yeah, it’s time for overall government funded medical.
Mostly funded through individual contributions. Basic knowledge here.
Medicare is socialized medical care for old people.
Depends on your definition of socialism
@@SandfordSmythe No. Government subsidized premiums and payments to Dr.'s is socialism. I like it. You should too!
@@websterhays8352 I'm from the perspective that a few programs to help people does not mean socialism. Only a small part of Medicare is subsidized through general Treasury funds. It is a social insurance program with individual contributions. There is a world of people that just try to help other people without putting a political slant to it.
I am thinking that advantage is going to be simplest for me right now. It’s a gamble I know. I seldom go to the doctor and basically stay in town and my doctor and hospital is in the network. I’m looking at the blue cross blue shield advantage plan which includes dental and the option for 21 extra for more coverage which is about what I have been paying through the market place. I get my eyes checked about every 2 or 3 years so 150 towards a new pair of glasses would be good which is about half what I pay.
Please give us a call - we would be happy to review this plan as well as other options with you! (888) 465-9728 :-)
At 14:00 minutes: "As long as Medicare approves the claim..."
Yes, and Medicare will approve most all medically necessary medical claims.
My income will significantly be reduced when I retire. When will medicare approve a lower rate for medicare B once I retire?
As soon as you retire you can submit an appeal for these IRMAA charges. Below the video you'll find a link to a video that explains this in more depth, as well as the actual IRMAA appeal form that you can fill out and submit. If you need any assistance, let us know! (888) 465-9728
Would it be possible now, August 2021, to change Medicare plans from UHC Advantage Walgreens HMO to any other PPO so my 84 yo spouse could have better options for health care facilities like nursing homes, acute care hospitals?
Sounds like you need a heavy hitter to help you with that.
Child is so funny !
For some folks this subject is easy ' but for others it can be a complex nightmare.
Every year Medicare automatically enrolls Medicare recipients into the next years heath plan they see fit for that particular recipient automatically.
When Medicare does this ' do they automatically assign the recipients to the medicare plan that has the RX plan in it-- (original medicare)?
(Example would be the plan on left side of your drawing/chart in your video ).
Or '
Does the recipient need to request to be placed in the
"Medicare Advance"
plan ?
I think I'm in the original medicare plan because of monthly premium and monthly RX premium.
I still want a supplement plan ' but l have a feeling l might be only eligible for an insurance underwritten type plan ?
I need help ' l'm going to call you this coming week. Thankyou for your very educational videos.. 👍⚘
so i have to have 150 bucks cut into my SS Payments. what crap! i swear they are always screwing me over. if not one way, then another
You would have to worked enough years of credits payed into medicare !
Hi mam this is Aswin from India
I'm ready to study about us healthcare system but I don't know how start and which is correct place to join
Kindly advised to join best institute in USA
Why is this SO complicated? The more info I get, the more confused I get.
They definitely don’t make it simple. Feel free to call us anytime at (888) 465-9728, we can answer any specific questions you have.
Sorry, there is no understanding how Medicare works. I just had to cancel my Medicare because I was forced to pay three months ($450) in advance. I was told then that I could sign up for automatic payments on a monthly basis and it would start before my three months coverage ended, so I was pleased. I then got another bill for $450 to pay three months in advance. I told them that I was assured by their representative that monthly payments would begin on my next billing. They said, no because this would only start AFTER the last billing period and this was two days ago, so I'd have to pay another $450. I am not insured and dropping Medicare now. I will not pay three months in advance. This system is a scam.
Shouldn’t have to pay for this 😡