HUGE Medicare Updates | URGENT!!
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There have been some huge Medicare updates recently and in this video, I'm sharing my heart and peeling back the curtain as to how I believe Medicare Advantage Plans and Medicare Supplement Plans (Medigap Plans) will change in 2025. Don't miss out on important changes that could impact your healthcare coverage in 2025! You DO NOT WANT TO MISS THIS!
Contact us with questions or leave a comment in the video: info@simpleseniorhealthplans.com
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@makingmedicaresimple 2 ай бұрын
I honestly hope I’m wrong about these, but here are some of the major Medicare updates I see coming in 2025. Which do you think are most likely?! Do you feel that there are more changes coming that aren’t on this list? Would love to hear!
@mlw1700 2 ай бұрын
Hey, here’s an idea… how about big Pharma reduce some of their massive profits instead of passing the difference to already over-burdened tax payers?
@makingmedicaresimple 2 ай бұрын
Couldn’t agree more @mlw1700!
@cathyneu7783 2 ай бұрын
AARR almost 200.00 a month. Can’t afford. We have plenty of money too give other countries
@makingmedicaresimple 2 ай бұрын
@cathyneu7783 I completely understand. Have you always had AARP Medicare Supplement? If so, you always have your “trial right” to use. I did another video on this exact topic. kzfaq.info/get/bejne/qatieMiAkp7ce2Q.htmlsi=j0zY0dmAuoJ6a6qa
@raymondmcinelly548 10 күн бұрын
Our supplementary cost has already doubled
@williamgregg1821 13 күн бұрын
The biggest change happening in 2025 is a behind the scenes change that people don’t see but will affect your payments. In the part D plans, in the catastrophic phase, the plan itself now pays 20% of the costs for branded drugs in 2024. But in 2025, they will have to pay 60% of the costs in the catastrophic phase. This is a huge cost hit on the insurance companies. And these added costs will have to be added to the price we all pay.
@kjisnot 2 ай бұрын
The U.S. and New Zealand are the only countries that allow direct-to-consumer prescription drug advertisements. They push their commercials 24x7. Next time you see one check the prices on those advertised drugs. Unreal.
@timdaniels6060 2 ай бұрын
You haven't made clear how Medicare negotiates with "Big Pharma" to reduce overcharges. You did say that a $,8000 drug charge would be reduced by a $2,000 cap and that something like an increase in subscription charge would be one way to cover the difference. You did not say the obvious advantage in having Medicare Advantage : negotiation.
@makingmedicaresimple 2 ай бұрын
Hi @timdaniels6060! Thanks for watching and I wasn’t clear on your question. My intent wasn’t to share how Medicare negotiates with big Pharma but to point out the fact that the federal government made sweeping changes that looked amazing on the exterior but will be detrimental to those that it is trying to help. I have a lot to say about Medicare advantage! There is a case for both Medicare advantage and Medicare supplement, depending on which side your heart gravitates towards. Happy to discuss that anytime! And I will definitely be doing videos on this. Thanks again for stopping by!
@yolandaavila5588 Ай бұрын
Dont need to wait till Next Yrar they cut Drug Cost. And Yes We r the ones we pay for et t My suplementarnos Up 20 Dlls No mater wat they say we guet Discount we r the ones we pay forte is Always
@jeancardot1557 Ай бұрын
Help! I am currently on a 'private' Medicare Supplement negotiated by my former, PA state related University with a discount drug plan & I share in the cost. Currently my Supplement is equivalent to Plan G. Just received a letter that will all change January 1st 2025 to a negotiated Highmark Freedom Blue PPO plan. WILL I BE ABLE TO SWITCH TO A ORIGINAL MEDICARE AND SUPPLEMENT G OR F PLAN WITHOUT UNDERWRITING?
@jeancardot1557 Ай бұрын
It's my understanding my age makes Plan F still available to me.
@makingmedicaresimple Ай бұрын
Hi @jeancardot1557! This all depends on when you started Medicare. Feel free to email me at Adam@simpleseniorhealthplans.com.
@craigbathurst1185 Ай бұрын
Check the rates for F, G, N
@adamstewart4368 2 ай бұрын
There definitely will be BIG changes in Part D (stand-alone drug plan) that work with Supplement/Medigap plans. One of the major carriers - Mututal of Omaha - has already announced they are discontinuing ALL stand-alone drug plans because of the changes that go into effect in 2025. It will not be good...
@makingmedicaresimple 2 ай бұрын
Agree Adam! Thanks so much for pointing that out too!
@daviddoss2804 Ай бұрын
Oh my! I just started Medicare this year and signed up for Mutual of Omaha this year. Good to know I need to shop it this October
@cathyneu7783 2 ай бұрын
Most drugs are bad
@joannegerrard9414 2 ай бұрын
Very informative, thank you! I will turn 65 in 2025, I am currently living in Europe but may return someday back to the US. My thoughts were to avoid penalties by delaying Medicare coverage that I would just pick up a Medicare Advantage once I am living back in the states. Are there penalties on Medicare Advantage if I delay coverage? Thank you
@makingmedicaresimple 2 ай бұрын
Hi @joannegerrard9414! Glad you enjoyed the information and thanks for watching. This situation can be a tricky one and it all depends on a few different factors. Here are a few questions that will help me answer that: 1.) How long have you lived in Europe and prior to living there, did you (or your spouse, if married) pay into Social Security by working for 10 years or 40 quarters? 2.) Are you still working while overseas? 3.) If working, are you covered by your employer in a group health plan? The answers to these will help decide if you can, indeed, avoid any/all penalties when you return. The VERY SHORT ANSWER is that if you are NOT currently working and covered by a group health plan, you WILL need to enroll in Medicare at age 65 to avoid LIFETIME penalties. Hope that helps!
@joannegerrard9414 2 ай бұрын
@@makingmedicaresimple Thank you for your quick response. My husband is British and I am American and eligible for SS and MC. I have lived in Scotland since January 2019 and going through the Visa program. I started a business in Scotland and living in the UK I am paying into the NHS (National Health Services) In 2025 I will have met the protocol on living in the UK over 5 years and can chose citizenship or dual citizenship. I am assuming I lose my US benefits if I chose to become a citizen. I am not sure about dual citizen or if I can just continue to live in the UK as a US citizen and continue to pay for my health care... I will be in contact with my lawyer on these details the closer I get to 2025...
@makingmedicaresimple 2 ай бұрын
Such a unique situation! It is a great idea to have your attorney involved and checking into this with you. Although it doesn’t address dual-citizenship, the link below might be a helpful place to start. This is a link to the CMS site that talks about citizenship (which I’m assuming you’ve already seen since you sound very educated on it): www.cms.gov/medicare/enrollment-renewal/health-plans/original-part-a-b#:~:text=in%20Part%20B%3A-,Be%20age%2065%20or%20older%3B,filing%20an%20application%20for%20Medicare. Hope that helps! Blessings to you as you head into 2025!
@craigbathurst1185 Ай бұрын
If you’re on a Disadvantage Plan, pray that you don’t get cancer or back surgery. They will not follow your Drs. recommendations. They WILL tell you and your DR. what they will allow you to have. Go straight Medicare only with D (drug) and G or N plans. You will be much happier.