Medicare Basics - Medicare Changes Explained

Рет қаралды 53,852

Medicare Specialist - Abt Insurance Agency

Күн бұрын

www.abtinsuranceagency.com | (888) 465-9728
MEDICARE EXPLAINED! Part A, Part B, Part C and Part D as well as Medicare Advantage and Medicare Supplement insurance, explained with current updates as of 2023.
This is THE video to watch first if you are new to Medicare or turning 65.
Should you DELAY Medicare if you're still working?: • Should I Delay Medicar...
How to enroll in Medicare if you have delayed Medicare past age 65: • Working Past Age 65, H...
Best Medicare Supplement Plans for 2023: • Best Medicare Suppleme...
Medicare Advantage Plan Pros and Cons: • Medicare Advantage | P...
Medicare Supplements vs. Medicare Advantage: • Medicare Advantage vs ...
How do Medicare Agents get paid??: • How Do Medicare Broker...
Free, no obligation quotes: www.abtinsuranceagency.com
📜 Chapters
00:00 Intro
00:15 Medicare Explained 2023
00:38 Parts of Medicare
01:02 Medicare Enrollment
02:46 Medicare Part-A & B
03:41 Determining IRMAA 2023
04:34 Out-of-pocket costs
06:27 Deciding how you want to get your coverage
08:03 Medicare Supplement Plan
09:08 Medicare Advantage Plan
11:18 Which path to go
12:29 Switching between the plans
13:19 Conclusion
Let us help you through the Medicare maze!

Пікірлер: 120

@davekogut4053 Жыл бұрын

Your explanations are clear and concise. I will be in touch when my wife retires.

@AbtInsuranceAgency Жыл бұрын

Thank you Dave!

@tabitharobbins6740 Жыл бұрын

I think you do a excellent job explaining! I think consumers should check out the disadvantages of the advantage because they have to all procedures preauthorized even rehab stays. I work in the hospital and a lot of patients don’t get what they need due to denials for things, even when doctors recommend these things. Traditional Medicare is the best!!

@AbtInsuranceAgency Жыл бұрын

I hear this a LOT. Thank you for sharing!

@Che-rry373 Жыл бұрын

Hi I'm a new Medicare agent and just recently became aware of your KZfaq and Facebook page. Very simple to understand while being very informative. Thanks

@AbtInsuranceAgency Жыл бұрын

Thank you Rose!

@FSCHW Жыл бұрын

Thank you. My mother has the Clover advantage plan. She pays for nothing. She had a knee replaced and spent 5 days in the hospital and 4 weeks in a rehab facility followed by 21 outpatient rehab session (with transportation) and it cost hers $0. All of her prescriptions are covered. And she gets money for eye glasses plus $150 per quarter debit card.

@specialstone9153 Жыл бұрын

Well, how much is taken out of your mother's social security in addition to the cost of the advantage plan?

@MG-cw4uc Жыл бұрын

Thank you, Stephanie! I watch every single video you make. Very clear, precise, and thorough.

@AbtInsuranceAgency Жыл бұрын

What a compliment, thank you!

@user-wu5sz4qd6f Жыл бұрын

I appreciate the clear explanation of otherwise complex concept. Thanks Stephanie!

@jpturner171 Жыл бұрын

Thank you for your excellent explanation. While I have enrolled in Medicare, I’m still working through next year so I will keep paying attention to your channel!👍🏽

@AbtInsuranceAgency Жыл бұрын

Thank you! Looking forward to chatting with you more as you approach retirement!

@AlbertAlbie 9 ай бұрын

I am from Pakistan and I am learning this because I provide CPL to Medicare brokers. You explained it very well and I understood it all. Thank you.

@rhondaswedeen8868 Жыл бұрын

Wow! You really do a great job explaining, very clear.

@AbtInsuranceAgency Жыл бұрын

Thank you!

@lisasimpson9358 Жыл бұрын

Excellent video! Thank you! 😊

@FIRED13 Жыл бұрын

TY for the overview as we start educating ourselves in this area

@AbtInsuranceAgency Жыл бұрын

You are so welcome!

@vistamutual Жыл бұрын

This is great! Your content is gold.

@rhondasview1230 Жыл бұрын

Great information 😊 happy to have y’all as my independent brokers

@geraldinefields1730 Жыл бұрын

Thank you.

@rockycastillo6454 Жыл бұрын

Thank you so much for sharing. Huge help!

@AbtInsuranceAgency Жыл бұрын

Glad to hear it!

@user-lk1hv8mt9y 10 ай бұрын

I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.

@AbtInsuranceAgency 10 ай бұрын

I’m so happy to hear this!

@hermiefelix6482 Жыл бұрын

Thank you

@derbywinner6316 Жыл бұрын

You are very good explaining this subject. Thank you

@AbtInsuranceAgency Жыл бұрын

Thank you!

@user-io3vs7fz5j 5 ай бұрын

I extremely like the video. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.

@AbtInsuranceAgency 5 ай бұрын

Thank you!

@mjcoakley Жыл бұрын

Thank you so much for your videos!! Mike C

@AbtInsuranceAgency Жыл бұрын

You're welcome! 🙂

@timhanus1645 Жыл бұрын

Very good and understandable, will be giving you a call next year.

@AbtInsuranceAgency Жыл бұрын

Looking forward to it!🙂

@bluetickfreddy101 Жыл бұрын

Thanks for info I guess i’ll be calling you very soon Cheers

@AbtInsuranceAgency Жыл бұрын

😀

@DaveIngle1 Жыл бұрын

Do or can you make the slides available for note taking? Question Writing on the topics? Thanks!

@andreabelt10 Жыл бұрын

Great video! Please you make video about Medicare for people with disabilities sho qualify before 65. Lets say at 30 with a permanent disability. What thing should we be aware of ? Who do we keep Medicare if we work but still have a disability?

@specialstone9153 Жыл бұрын

what good does a supplement plan cover?

@eMDiKhamPha Жыл бұрын

can I delay Medi-Care since I'm still working and have health benefits through work? Do I need to notify Social Security office?

@firevid6003 Жыл бұрын

Sounds like they should rename it Medicon because not only are the deductibles high (for those who worked and already paid-in) but one would need insurance to cover the insurance (deductibles) lest one risks going broke in old age. It looks a lot like catastrophic care health insurance to me. So much for the "safety net" to protect the elderly. Maybe a better plan is to move to a different country!

@atlasshrugged583 Жыл бұрын

I cannot change plans, I am forced to pay and pay and pay and pay mor $$$$$

@sanadesta641 Жыл бұрын

Saba wants to be a member.😊

@daizeofgrace Жыл бұрын

I will be calling as I turn 65 in Nov. my husband will be 71 and very ill and I really need advice. I’m hoping to finally stop paying for insurance from my husband’s previous employer so I had insurance. He’s on Medicare already but I needed the coverage. Getting older is so scary

@AbtInsuranceAgency Жыл бұрын

We would love the opportunity to help make things simpler for you! 🙂

@user-bw8xp3qt9u Жыл бұрын

Are colonoscopys covered under medicare?

@redimido3162 Жыл бұрын

Hi, I’m 62 (63 in July) and I’m planning on retired at my full retirement age. I know I have to enroll into Medicare at 65, and by watching your videos I am convinced that going with a broker is the best route for me; and I do think that your broker services is the one that I will look for help when the time is due. I live in California, and I’d like to know if your services are available in my state. Thank you!

@AbtInsuranceAgency Жыл бұрын

Yes, we are licensed in and help many many folks in CA and would love the chance to assist!

@TRamz67 Жыл бұрын

Thank you for your videos. They've been very helpful! After watching a few, I attempted to go to your website to learn more about your company, however my security software blocked me due to a potential threat you may not be aware of. I'm going to call your main phone number and speak to a representative instead. Just wanted you to be aware there could be a problem with your site.

@AbtInsuranceAgency Жыл бұрын

Thank you so much! We had an IT issue with our website yesterday so we are making fixes on it today. Looking forward to hearing from you!

@user-vu2or1ef5k Жыл бұрын

This video helped me a lot, Thank You. I have a question. Can I stop or freeze the Medicare if I need to leave the country for around 5 years for personal reason.

@AbtInsuranceAgency Жыл бұрын

Yes you can cancel your Medicare Part B by contacting social security, but you may not be eligible for a “special enrollment period” to re-enroll when you return to the states so there is a potential for penalty if you go without Part B coverage while you are eligible.

@GAMMY1937 10 ай бұрын

Looking for a Medicare gap plan but I see on your site you don't work in Minnesota? I live in St. Paul, MN.

@AbtInsuranceAgency 10 ай бұрын

Shoot me an email at stephanie@abtinsuranceagency.com and I can give you a great referral agent for that state! 🙂

@megbarth Жыл бұрын

Are there any books that you know of?

@SuperGreatSphinx Жыл бұрын

An American Sickness Elisabeth Rosenthal

@michaelhale1666 Жыл бұрын

If provider doesn’t accept Medicare assignment (Medigap plan for example) can one still see them and pay OOP for office services? I have one specialist that I see annually for a prescription refill who will grandfather me starting in ‘24 at 65 but I’m curious about new professional relationships that could arise.

@AbtInsuranceAgency Жыл бұрын

If the provider accepts Medicare patients, but not Medicare assignment then you can still see them, and will be covered. A provider who doesn’t accept Medicare Assignment may bill you Excess Charges, which would be covered fully by certain Medigap Plans like Plan G. kzfaq.info/get/bejne/d8ljppBysZ-XhIU.html

@michaelvitale4029 Жыл бұрын

question: if I'm collecting SS benefits, and am automatically enrolled in A & B, but still working with awesome health insurance I do not want to pay the $168 per month associated with Part B. How do I go about avoiding that cost ??

@AbtInsuranceAgency Жыл бұрын

When the government enrolls you in Parts A and B they will mail you your card, along with a form you can fill out if you want to opt OUT of Part B. You will fill out that form and send it back to them.

@michaelvitale4029 Жыл бұрын

@@AbtInsuranceAgency got it. thanks. I appreciate your videos as I'm 64 years and 4 months 😬

@specialstone9153 Жыл бұрын

Do not trust the automatic enrollment. And they may not care that you are still working with a good health plan. It appears they want you to comply or else permanent extortion penalty later on for life and thus your premium even higher. I know of a good insurance that once you turn 65, you are forced to comply with Medicare part a and b, or you lose your good insurance. The good insurance which was cheaper says, you can keep it for life for free (really?) as backup or primary use of? So the $30 a person paid monthly is now five times more equated into that Medicare Premium then Medicare pockets probably half of it and pays the other Insurance company in cahoots. Oh and the 20% care that is not covered, this is where more fleecing comes in where you get offered supplement plans. Extortion of sorts!

@rickgaynor1740 Жыл бұрын

My sister says she doesn't have to sign up for Medicare as long as she is working and has medical insurance at work. I disagree, I think she'll have a penalty if she doesn't sign up for A&B even if she doesn't use it because she has insurance at work. Who is correct? Thank you very much for your help and expertise.

@AbtInsuranceAgency Жыл бұрын

As long as her employer has 20 + employees, she can delay Medicare without penalty! This video explains more -- kzfaq.info/get/bejne/i9KXf8-ny9OoZpc.html

@followinghim5194 Жыл бұрын

If I am turning 65 this year and am already receiving social security benefits and am being covered by my wife's insurance witch, we plan to hold on to for now, knowing that Medicare will. automatically send me my blue and white card 4 months prior to my 65th birthday! how do I go about letting them know I won't need parts A & B right now, or maybe I just want part A right now as a secondary? And will I still be able for a Medigap plan at a later date?

@AbtInsuranceAgency Жыл бұрын

Medicare will mail you your red white and blue card along with a form you can fill out to opt OUT of part B if you wish. You can fill that form out and mail it in, in order to delay Part B. And yes, you can get Medigap when you do add Part B, when your wife retires. I hope this helps!

@lindaallen3645 Жыл бұрын

What is the number you stated on your video that is important to know in case of a problem with an invoice that is with Medicare. It started with 855-87?? ???. Thank you Linda Allen

@AbtInsuranceAgency Жыл бұрын

I'm not sure what you mean? email me at stephanie@abtinsuranceagency.com

@jeffb.2469 Жыл бұрын

Wife (58) was just approved for SSDI and will become eligible for Medicare in Nov 2023. I am 62 and still working. I work for a company who has more than 100 employees, and I carry our affordable health insurance. We plan to pay for Part B of her Medicare and hold this as secondary healthcare coverage. But, my question is: Should we also buy a Medigap Policy at the time she first becomes available for Medicare? Say for example, we don't enroll, and I lose my healthcare insurance next year. Can they deny her enrollment into a Medigap policy (without underwriting), even though we have original Medicare and insurance through my work? Would it make more sense to simply take Medicare and sign up for a Medigap when she is first eligible and for me to drop her from my insurance? Sorry, this is all new to us and we would like to make an educated decision when the time comes.

@AbtInsuranceAgency Жыл бұрын

Great questions. Where are you located? In some states, Medigap is not available to folks under 65 on Medicare SSDI. My advice would be for her to delay Part B enrollment while you are actively employed. Having Part B as secondary insurance doesn’t do much (if anything) at all. Then when she DOES add Part B she will have a new Medigap open enrollment period. Feel free to call my office for more information! 888-465-9728.

@jeffb.2469 Жыл бұрын

@@AbtInsuranceAgency We live in Ohio. So basically, when I lose my healthcare coverage, she will have so many days to elect Part B, and she will also be eligible for Medigap coverage at that time? Is this considered her initial enrollment period, where a Medigap plan cannot be denied due to pre-existing medical conditions, and also under the age of 65?

@jeffb.2469 Жыл бұрын

@@AbtInsuranceAgency Thanks for the info. There are no companies in Ohio that offer a Supplement plan, under age 65. So, it looks like our only option will be a Advantage plan once I lose my healthcare coverage through my employer. Can you help us select a plan that’s right for us when that time comes?

@AbtInsuranceAgency Жыл бұрын

@@jeffb.2469 yes! 888-465-9728

@gloriasimonetti955 10 ай бұрын

Friend turned 65 in March. Still working full time and have insurance thru work. Should I enroll in medicare part a now or wait till they stop working?

@AbtInsuranceAgency 10 ай бұрын

As long as they don’t have an HSA and making contributions then they can enroll in Part A now. Or wait - either way they won’t get penalized.

@nonenone4219 Жыл бұрын

Are you notified that you can enroll in a medigap plan? When? and are choices explained?

@AbtInsuranceAgency Жыл бұрын

That’s what we are here to help with! And our services are 100% free. Abt Insurance Agency - 888-465-9728 🙂

@kmullins917 11 ай бұрын

Can you assist me with helping my mother who is currently enrolled in WellCare and it is a nightmare. I am not familiar with Medicare so I am not sure what to do. Can you help us? Thank you!

@AbtInsuranceAgency 11 ай бұрын

Call us! 888-465-9728

@jerrylaxamana1628 Жыл бұрын

What if I started in Medicare supplement insurance for the first two years and transfer to Advantage plan for 1 year and come back to Medicare supplement, can I do that?

@AbtInsuranceAgency Жыл бұрын

Yes, in that scenario you would be eligible for a “Trial Right” and would be able to get back your old Medigap Plan without underwriting. www.medicare.gov/supplements-other-insurance/when-can-i-buy-medigap/guaranteed-issue-rights

@jerrylaxamana1628 Жыл бұрын

@@AbtInsuranceAgency Thanks

@garygodfrey9708 Жыл бұрын

If I heard correctly, if you pay for plan b supplemental insurance you then may need gap insurance. How much is gap insurance, I missed that?

@AbtInsuranceAgency Жыл бұрын

It varies based on age and where you are located. In most areas plans start at $100-$150/month.

@BKMDano17 Жыл бұрын

I'm currently on IEHP in CA. If I understand you correctly I'm being forced to enroll in Medicare. I cannot stay on IEHP??

@AbtInsuranceAgency Жыл бұрын

Medi-Cal is not creditable coverage to delay Part B so if you don’t enroll at age 65 then you would be penalized if you enroll later on. In some cases, you may be eligible for Medicaid to pay your part B premiums - this is income dependent. More info here - www.cms.gov/Medicare-Medicaid-Coordination/Medicare-and-Medicaid-Coordination/Medicare-Medicaid-Coordination-Office/QMB

@teams3345 Ай бұрын

I turn 65 in 16 months and I am already on SS. When am I required to quit contributing to my HSA? I have a high deductible medical plan from previous employer. I have been told 6 months before and I have been told the months before I am 65. Thank you!

@AbtInsuranceAgency Ай бұрын

The month before you turn 65!

@teams3345 Ай бұрын

@@AbtInsuranceAgency Thanks so much.

@TheRealRealHousewife Жыл бұрын

I’m turning 65 in September and my husband has me on his Humana policy through work. How do I stay on his insurance?

@AbtInsuranceAgency Жыл бұрын

If you are not collecting Social Security benefits yet, then you can stay on his employer plan as long as his employer has 20 + employees, and delay Medicare by simply not enrolling.

@TheRealRealHousewife Жыл бұрын

I am on social security

@AbtInsuranceAgency Жыл бұрын

@@TheRealRealHousewife then the government will automatically enroll you in Parts A and B, but when they send you your Medicare card you’ll receive a notice that you can send them back if you do NOT want part B. I would advise doing this and delaying your Part B coverage until your husband retires.

@integygurl19 Жыл бұрын

Can you only have part A alone?

@AbtInsuranceAgency Жыл бұрын

Yes!

@Cara-vd7yf Жыл бұрын

Hi, are you licensed in Pennsylvania and Florida?

@AbtInsuranceAgency Жыл бұрын

Yes and yes!

@DrBharatSharma-Anjum Жыл бұрын

Okay I’m 77 , retired in 2019 since than I am covered under my wife insurance, she is stil working full time in a company of more than 100 employees, now she is planing to retired I am not sure about the plans in my city Kent ,portage county Ohio 44240 ,my wife has no any medical problem she 70 I had cardiac problems have stents and BP,and Cholesterol meds How you can help me for time frame ,when and where I should look before her retirement,for Medicare for both us ,thanks for your assistance

@AbtInsuranceAgency Жыл бұрын

@@DrBharatSharma-Anjum give us a call! We can help you mail down the enrollment timeline and figure out what plans are best for your needs. Completely free service. 888-465-9728.

@specialstone9153 Жыл бұрын

Never heard of the Clover Advantage. Is it just in your state?

@veronicadelcid5828 Жыл бұрын

I don't understand the 226 deductible part...

@AbtInsuranceAgency Жыл бұрын

It’s the amount that you have to pay out of pocket, to your doctor before your coverage kicks in.

@veronicadelcid5828 Жыл бұрын

Thanks for the answer, and how do you pay for the deductible?

@AbtInsuranceAgency Жыл бұрын

@@veronicadelcid5828 your doctor will bill you.

@brendarico9212 11 ай бұрын

Will we ever get our 164.90 back? We can't afford to go to the Dr. Can't afford not too. Hello Jesus❤

@hemantshelat4837 11 ай бұрын

I am looking for your contact information to have details

@AbtInsuranceAgency 11 ай бұрын

888-465-9728 or stephanie@abtinsuranceagency.com !

@atlasshrugged583 Жыл бұрын

I will not be going to the doctor until January 2024. I cant change my plan and can't afford all the copays. so the public is screwed

@kelty2424 Жыл бұрын

So all ages pay for Medicare via payroll tax, right? Yet, I can only use it at age 65 and Even then, it's not free? Where does all the money go? Is it like unemployment where I have a personal account growing over years?

@AbtInsuranceAgency Жыл бұрын

Medicare isn’t free. But you pay a “reduced” premium compared to what it would actually cost if you weren’t paying into all these years. This article shares some interesting info - www.kff.org/medicare/issue-brief/what-to-know-about-medicare-spending-and-financing/

@Kathleen67. Жыл бұрын

@@AbtInsuranceAgency Still a racket, decades ago they led us to believe we were paying to have our medical needs covered when we turned 65. Now, I, who never goes to the doctor, am healthy, and can't imagine ever needing a doctor, I'm supposed to pay thousands per year for something I might never use. Makes me sick. Oh, and the only thing I need is dental and eye where I pay out of pocket. I was planning on only taking Part A, which makes sense today; but, who knows what the future holds. I have a few months to decide whether to pay more than a months income per year for insurance I might never use, or whether to roll the dice. Horrible.