if you're getting ready to come into Medicare either you're turning 65 or
you're about to retire and going to leave your group plan you've likely
found out there's a lot of choices you have to make and there's a lot of
information you need to understand to make sure you make the right
decisions so I'm gonna go over pretty quickly an overview of kind of where
you're headed what Medicare is Medicare explained and I'll show you exactly the
things you need to know so stay tuned ok so here we are we're about ready to come
into Medicare and the great news is Medicare is terrific you're gonna
absolutely find it to be a much better solution for your health insurance than
what you've had previously so generally costs or lower benefits are better
everything's pretty good in the Medicare world but there are a number of choices
that you have to make and some of them are really important that you don't want
to mess up so let's go over a little bit on how Medicare works and I'm Keith
Armbrecht founder of Medicare on video and I help people across the country
with their Medicare choices and I can absolutely help you as well and the best
part is it doesn't cost anything to use me to help you so I certainly hope
you'll allow me to help you and that way we can make sure we get all your pieces
in the right places so I'll ask first if you find this video helpful please take
a minute to subscribe to the channel that way you'll always have access to my
videos you can give it a thumbs up if you like it and if you are so daring to
leave a comment I'll also reply to any comments so make sure you take just a
minute to help me out it helps you to understand that it's important and
people will benefit from the information so let's talk about kind of an overview
of Medicare and kind of how it works because most people really haven't had
an introduction when they're ready to come into Medicare so the first thing
we're going to talk about is when are you eligible so a lot of people a little
confused because they can mix it up with Social Security age 62 things of that
nature so it's really a couple of different ways
where you become medicare-eligible in the kind of normal scenario so first one
is when you're turning 65 so that's the majority of people when they turn 65
come into Medicare now that's not everybody but that is the majority that
when they turn 65 but these days a lot of people work after 65 and if you work
for a company with a good health insurance plan where they pay for most
of it you might likely choose to stay on your group plan until you're ready to
retire so that's really the other way to come into Medicare is when you retire
now a couple things to understand here is we have different pieces of Medicare
and when we're talking about Medicare we want to understand those pieces and they
are Medicare Part A and Medicare Part B when you come into Medicare it's really
Part B that is your trigger so if you're turning 65 and you're coming to Medicare
you're going to start your Medicare Part B if you are going to stay at your job
and you work for an employer that has more than 20 employees and has great
health insurance you stay on your health insurance to your 68 or 70 what you
don't want to do is start your Medicare Part B so very important to understand
that if you stay on your group plan you do not want to start your Medicare Part
B because that is your trigger later when you come off of your group plan at
age 70 or 68 or 75 however long you're going to continue to work when you start
your Part B it makes it like you're turning 65 so you can have freedom of
choice and pick anything you want without any medical questions or any
qualifications so very important to understand you don't want your Part B to
start until you come into Medicare whether it's at age 65 or whether it's
later when you come off of your group plan so that's the first thing to
understand it's certainly a big thing now we're going to talk now about
decisions and what your decisions are and what your choices are and decision
number one and this is certainly the big one when you come into Medicare you have
a choice to make either you're going to stay on original
Medicare which is Medicare Amb or you're going to choose to go into a Medicare
Advantage plan and they are significantly different so it's
important to understand exactly the differences between them in full
disclosure I only choose to sell Medicare supplement plans so I only work
with Original Medicare I choose not to offer Medicare Advantage and there's
some specific reasons for that and I'll explain that in just a minute but just
so we don't have any confusion I'll tell you exactly what I think on how things
function so when you come into Medicare you have two roads you're either going
to stay on Original Medicare and if you stay on Original Medicare you'll have
Amb you'll likely get a Medicare supplement that covers what a and B does
not and you'll likely have a Medicare drug plan so there's kind of three
pieces to Original Medicare if you choose to go to Medicare Advantage then
it's kind of all in one package so you don't have to make the separate choices
but that can be a little limiting as well on what you have so I'll explain
exactly the differences between them here and then that way you have the
information you need to make the choices so Original Medicare again is Medicare
Part A and Medicare Part B and we remember we don't want to start Medicare
Part B regardless of this choice until we are ready to come into Medicare so
let's make sure Part B does not start until we're ready to come into Medicare
on Original Medicare you'd likely have a Medicare supplement plans so a Medicare
supplement plan covers what a and B do not so Part A is hospital I have videos
on all this I'll show you where to find that in a minute so I break everything
down piece by piece in many many different videos so a little too much to
put into one but Part A basically covers hospital services Part B basically
covers outpatient and doctor services so there is a pretty high deductible on
Part A and there's a smaller deductible but coinsurance on Part B so the
Medicare supplement kind of supplements a and B and pays what they do not so it
covers you almost to a hundred percent and that's in another video as well best
Medicare supplement you can find that I'll show you where to get there
but terrific coverage and you're probably coming out of a plan right now
that has a $2,000 deductible if you're on regular individual insurance you
might have as much as a $10,000 deductible so this will get your
out-of-pocket costs to where it can be less than a couple hundred bucks a year
which is pretty terrific for over 65 health insurance so keep that in my
Medicare is actually a very good thing so with a and B in a supplement you
probably also get a Medicare drug plan so that covers your prescriptions going
forward and that's all something that that I help with and that we can put
together a complete plan for you and generally with everything included a and
B because there's a there's a premium for Part B there's a premium for
Medicare supplement and a premium for directly but generally everything
combined is almost always less than 300 bucks a month so it's very affordable
and again it gives you terrific coverage going forward so with Original Medicare
what you have is low out-of-pocket costs so you also have low upfront cost but
the out-of-pocket when you use it is significantly less than what it would be
on a Medicare Advantage plan almost always so the best part about Original
Medicare is there are no networks so you don't have to work with any network of
doctors or in network of hospitals you can literally go to any doctor any
hospital anywhere in the country that accepts medicare so if you come down
with a catastrophic condition god forbid and you want to go to Mayo Clinic you
can go to Mayo you don't have to ask for permission from anyone you can simply go
to Mayo Clinic or if you want to go to Duke University anywhere you want to go
or if you travel a lot that's also a major benefit to Original Medicare you
don't have to worry about whether your doctor is in a network or not in a
network and where you're traveling it gives you the freedom to do what you
want and you don't have to ask permission to have something done that's
the number one reason why I am pretty much completely on the side of Original
Medicare with a Medicare supplement is because if I am in a situation where I
have a healthy I don't want to ask permission for what
I want to do I want to be able to make my choice on where I want to go so
that's why I would typically almost always choose Original Medicare and
again Medicare Advantage absolutely works for some folks and I'll show you
that right now we'll talk about Medicare Advantage and Medicare Advantage is when
you make that choice you pretty much move away from Original Medicare and you
go into the the network of an insurance carrier whatever major insurance carrier
and you certainly see the commercials on TV all the time they're trying to entice
you to get in and they do give away some some additional benefits so they do
market more than what you would see you won't really see Medicare supplement
very rarely on on TV it's almost always Medicare Advantage so it's just a
question of how you view things it's more of a pay-as-you-go type scenario
with Medicare Advantage which means it has lower costs on the front but it has
higher costs generally when you use it now the biggest reason again that I'm
not a big fan of Medicare Advantage is because it puts you in a network you
have to use certain doctors and certain hospitals and if you google reviews on
Medicare generally anything negative and there is a whole bunch of them generally
refer to Medicare Advantage and mostly because of the network either a doctor
was there and is no longer there and that they didn't have the ability to go
to certain doctors that they wanted to go to kind of scenario or there's a long
wait for a doctor office visit and some Medicare Advantage plans you actually
have to have a referral to go from a primary care doctor to a specialist so
if you have a scenario where you need to see a specialist you would have to go to
a primary care first send an appointment wait however long it takes to get in and
get a referral then set an appointment with this specialist and again it can
take just a tremendous amount of time and it is just not something that I
would want to face when I'm looking on down the road and potential health
issues so that's one of the scenarios with a Medicare Advantage
and the other one again it's kind of a pay-as-you-go they can have as much as
$6,000 annual out-of-pocket expense we're in Medicare with a Medicare
supplement would have a couple hundred dollars annual out-of-pocket expense so
it can be significantly different different in how it functions when
you're going so just keep that in mind and absolutely do some research and
you'll find most of the time there are sales people out there that are
absolutely selling the Medicare Advantage they are trying to sell it to
you so just be aware and ask questions and understand how you want things to
function and again I'm happy to help with any of this
whether I offered Vantage or not I'll give you a straight-up opinion so if you
want to give me a call or send me an email I'm happy to do that if you want
to visit my other videos and again I have videos on just about everything and
it'll bring it down piece by piece to make sure you understand what your
choices are you can just simply visit WWE Studios comm brings you right to my
youtube channel you can use this little magnifying glass at the top to search by
topic so if you're looking for a Medicare supplement or a drug plan or a
Part B whatever it may be just put that in the the search term and it'll bring
up whatever videos are relevant to that topic so I have a over a hundred videos
now so makes it easy to kind of search between them so I'm happy to help with
any of this and again if you found this helpful please subscribe to the channel
helps me a lot helps YouTube know it's valuable leave a comment if you're so
daring and I'll absolutely respond to it and again I'm happy to help with all
this and then also make sure you visit my website at Medicare on video comm
putting your basic information and we'll get you a quote on the best Medicare
supplement plan in your zip code so that you can understand exactly what the
costs are and then we're happy to walk through it with you to show you what we
think is the best scenario and again whole different story
on Medicare supplements plan G plan n used to be Plan F there's I have a video
on all that and again we're happy to just walk right through it for you so if
there's anything I can do I'm happy to help and I hope you found this helpful
take a minute to subscribe and I hope you have a fantastic day
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