How to Pick the BEST Medicare Part D Plan

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How to Pick the BEST Medicare Part D Plan

Рет қаралды 19,874

iHealthBrokers

Күн бұрын

Пікірлер: 36

@Wog68 9 ай бұрын

Every American should understand that they paid 2.9% of their income on Medicare/medicaid tax. Now they are paying deductible about $50 a month + premium + co-pay. Which is significant amount of your retirement income.

@jaye8872 Жыл бұрын

The video was very informative. Thanks for making it.

@iHealthBrokers Жыл бұрын

Thanks Jaye! Glad we could help!

@todddunn945 Жыл бұрын

A couple of comments. First, many (most) plans do not apply the deductible for tier 1 and tier 2 drugs. The amount you spend is applied toward the deductible, but you get coverage from day 1. Second, the costs shown are for the balance of the calendar year from the date you are using the site. In other words, if you use the site on July 1, the costs shown will be for July 1 through December 31, not the full year. You should have stated these things to make the results from the Medicare site clearer.

@iHealthBrokers 3 ай бұрын

Thanks for your feedback!

@actuuaalevythg1295 Жыл бұрын

Nice Video. Well-spoken presenter, Clear presentation. Thanks

@iHealthBrokers Жыл бұрын

Thank you for the nice feedback!

@peterditzel1731 Жыл бұрын

Am I misunderstanding something here? On the Medicare site that you’re showing, the yearly drug and premium costs are lower than the monthly premium x 12. This is true for each of the plans you show. This makes no sense!

@iHealthBrokers Жыл бұрын

Can you elaborate? I'm afraid I don't understand your question. Thanks!

@ericyoung772 Жыл бұрын

@@iHealthBrokers In the first example, the monthly premium is $7.30. 12 times that is about $87.00. But the annual cost plus drug is shown as being $51.10. $87.00 vs $51.10 is confusing. Do you know why the numbers are like that?

@mwmilling Жыл бұрын

I've been trying to figure that out myself.

@iHealthBrokers Жыл бұрын

Great catch! Sorry we missed it. Although medicare.gov is a great tool, it is definitely not infallible and there can be bizarre miscalculations like this. This is another reason to work with a broker. TY for your question!

@mwmilling Жыл бұрын

@@iHealthBrokers Oddly enough, I've found that the "annual premium plus drug total" may only include one month of premiums in the 2023 worksheets. Could be that I'm doing something wrong. Not sure if that is the case here in your example.

@albertwells8503 6 ай бұрын

I was already confused before I saw this video. Now I’m confused beyond help.

@iHealthBrokers 3 ай бұрын

Sorry you feel that way. If you have a specific question, feel free to post. Best of luck!

@jboy1757 7 ай бұрын

Help me understand how paying a monthly premium of $7.30 plus the drug cost equates to $51.10 total yearly cost.

@aureareyes2771 Жыл бұрын

I was trying to put my Diabetic test strips lancets, it won’t add to my list n of medications.Pls. help.

@iHealthBrokers Жыл бұрын

Diabetes testing supplies are actually covered under Part B instead of Part D! So they won't show up if you are trying to add medications when comparing Part D plans.

@Ron4885 2 жыл бұрын

I see the example is showing a Drug deductible of $445.00. Does that mean I have to spend $445.00 of my own money before the plan pays *anything* towards my medications. That seems rather extreme. (am I understanding this correctly)?

@iHealthBrokers 2 жыл бұрын

Hi Ron. Your are correct. Additionally, the deductible tends to go up yearly and for 2022 it has been set at $480. If you have limited prescription needs, you could purchase an inexpensive plan for a few dollars per month. If you have more extensive prescription needs, there are plans with much lower deductibles or no deductible at all, but they usually have higher monthly premiums. Feel free to call with any questions! 888-410-0344. Thanks for your question!

@USATODAYU Жыл бұрын

Dear Madam My daughter pregnant in her seven months and she is looking for a medicare health plan to full coverage of her pregnancy and after sh giving birth to her baby. What she should do to apply for one and what is the best plan.

@iHealthBrokers Жыл бұрын

Hmmm...I think perhaps there is a misunderstanding. There are several health insurance options which can sound similar! Medicare, Medicaid, & Marketplace. Medicare is usually for senior citizens (over 65) or those who qualify through a disability. Based on her income she may qualify for Medicaid... Would either of these apply? If not, Marketplace insurance is probably the answer. Feel free to call us at 888-410-0344 and we can better explain. We also have a video for those who are pregnant to better explain their options: kzfaq.info/get/bejne/nb-imraU2eCYpWw.html Thanks for your question!

@Wog68 9 ай бұрын

Why would anyone offer better than government mandate when a significant representation in government is hell bent on opposing any mandate not even on healthcare?

@mahmoudhassan3031 3 жыл бұрын

Thank you Sera for the very informative videos. What is the recommended plan to be eligible to admit in hospitals and outpatient clinics? Thank you

@iHealthBrokers 2 жыл бұрын

Glad to be of help! Medicare Part D will only cover prescription drugs. Here are some options for you: 1. Original Medicare Alone (Part A & B will cover inpatient and outpatient procedures, but not prescription drugs or copays). 2. Original Medicare + Medigap Plan (Part A & B will cover inpatient and outpatient procedures. Medigap/Supplement Plans will cover copays) 3. Original Medicare + Medigap Plan (Part A & B will cover inpatient and outpatient procedures. Medigap/Supplement Plans will cover copays. Part D will cover RX drugs) 4. Medicare Advantage Plan/Part C (will cover all the benefits of Part A & B, may have different copays, may cover RX drugs). There are many options and it can be confusing! No matter what, your inpatient and outpatient needs should be met by Medicare. Please feel free to contact us with any additional questions. You can reach us at 888-410-0344. Often, it can be easier to explain and discuss options via phone.