I'm going to talk about Medicare Part A. And this is the first piece of Medicare so really important that we understand it
So stay tuned
Okay, let's now talk about the different parts of Medicare and I know most people think at this point
Why do there have to be parts of Medicare? Why can't it just be Medicare?
It is broken down into pieces and there's different reasons for that. But I'll show you and it's really not that complicated
We just need to kind of get an understanding of it
And then once you understand it, it's pretty simple to kind of navigate after that point
So when we're talking about the different parts of Medicare we talk about Part A
Part B Part
C
Part D. And then we'll add an extra one in there Medicare supplement or Medigap plan
So these are the different parts of Medicare and not so complicated
But they kind of make it a little confusing Part A is pretty much inpatient care Part B is outpatient care Part C
Is completely different
Maybe that's why hits for C Part C. Is Medicare Advantage
Which takes you kind of off of Original Medicare and put you with an insurance carrier in there Medicare Advantage plan?
Part D makes a little bit of sense. It's for drugs
so there's a Part D drug plan and then Medicare supplements cover what a and B do not
So we're gonna break it down as we go, but right now we're just going to talk about Medicare Part A
So this is obviously the first piece want to make sure you understand it completely and it's really not that complicated
We just need to get a clearer picture of it
So Part A pretty much covers what happens inside the building?
So it's inpatient care so Part A covers you when you go into the hospital for inpatient care Part B
Covers outpatient care the doctors and outpatient services not inside the hospital
So that's kind of what Part A is now
In understanding Part A
It pretty much comes automatically to you
So you don't really have to do anything to sign up for when you turn 65 your Part A is pretty much going to be
there
There's generally no cost to part a as long as you have paid into your Medicare taxes
Throughout your working lifetime and the line is that either thirty quarters or thirty-nine quarters
So if you paid your Medicare taxes, like the majority of us have then there's no cost for Part A
You can see the cost here if you have not reached those limits on your taxable
Contributions and then once you have Part A if you go into the hospital, there is a deductible
So there is a thirteen hundred and forty dollar deductible. So if you're admitted in the hospital
You're immediately
responsible for that thirteen hundred and forty dollar deductible
Now that is something that a Medicare supplement plan would likely cover. So keep that in mind
So even though you have it on Part A. You'd probably have a supplement that's gonna pick it up
So you have that thirteen forty deductible?
It's per benefit period and a benefit period is a 60-day period of time
so if you were admitted to the hospital and then you're discharged if you're
Really in that 60-day window for the same condition. You would not have another deductible if you were readmitted
Sixty two days later you would be responsible for that thirteen forty deductible again
So you can see you can have that deductible multiple times during the year
So if you were readmitted in that 60 day window for a different condition you'd also be responsible for that deductible again
So keep that in mind, you can see the cost per day in the hospital after the deductible day one through sixty
It's pretty much just the deductible. There's no cost to you after that
Sixty-one to ninety goes up to three hundred thirty-five dollars a day. So pretty significant on the cost god forbid
We're in the hospital for more than two months
We're gonna also have a big bill when we come out now if we're there for three months
Gets really big so goes then to six seventy per day after ninety days
But it's pretty rare to be in the hospital that long you might be transferred to a skilled nursing facility
And that's a different subject skilled nursing facility where you have coverage for up to a hundred days
And then you don't have coverage after that. So you need to understand your skilled nursing facility as well
But this kind of gives you part a at a glance on what the out-of-pocket
Expenses are if you want to get a little deeper into what exactly does a cover and it's pretty much regular health insurance
So medically necessary stuff, but if you need to know
You know how many pints of blood or ambulance services or things like that?
This is the Medicare guide and I'll show you in just a minute where you can download it
You can keep it on your computer and nice-to-haves and you can look up anytime
You need it. If you are ever admitted into the hospital, you'll know exactly what you're talking about
So obviously this is what I do is I help people with their Medicare choices
So I'm an insurance broker and I help people primarily with their Medicare supplement choices
And there's no cost to use me to help you
So I certainly hope you'll allow me to help you and it's pretty easy and I work
Currently in 49 out of 50 states. So I would assume most of us will be in 49 out of those 50 states
So you can visit my website Medicare on video.com. I've got a lot of information there. That might be helpful to you
You can immediately get a quote for your Medicare supplement coverage
So, you know exactly what it costs where you live. You could also download a free discount prescription
Drug cards, so if you click right there on that discount prescription drug card, you can download it on your computer
Hopefully it'll save you a few bucks on your prescriptions in the future
And then I've got a lot of stuff in my Resource Center
So I have a whole guides informed section. If you click on the Resource Center, it'll bring you it'll drop down
You can see a bunch of my videos
You can go into the guys at forms
And this is where you can find a lot of things and that this is where you can find that that benefit guide for Part
A so you can download it right here you just click on it
It'll go on to your computer or your iPad and you'll have it from now on
So while you're here, you know look around there's a lot of good stuff
If you are coming off a group plan at work
you're going to need this employer coverage form that your employer has to fill out so you can get
Your Part B without a penalty. So make sure if you're gonna retire and you're already past 65
Do this well ahead of time get this form sent it to your HR department get them to fill it out
That way you won't have any trouble when you come into Medicare. You can also download a copy of my book
I actually have a book called Medicare made clear a
lot of good information there and again something you can keep on your iPad or your computer and
Reference whenever you need it. So a lot of good information there
So feel free to look around the guides in the forms
if you want to see more of my videos really the best places on YouTube and
Try to make it easy for you to get there if you go to
WWE
Video comm it's gonna bring you right to my youtube channel. You can see right now. I just
passed 8,000 subscribers on my youtube channel, so
Pretty exciting that we have that many subscribers, but I put out videos all the time
It'll be fun to watch that grow. Depending upon when you come
We'll see where that number goes
If you want to search videos just use this magnifying glass and you can put in whatever
Topic you're looking for and it will bring up videos on that topic Part A Part B Part D Part C
Whatever it may be it'll bring up whatever videos
Correlate to that topic. So I hope you found the cellphone again
I would appreciate it. If you let me help you with your Medicare supplement. That's how I make my living
I do not work for an insurance company
I work on your behalf and we make sure we get it right the first time
So I'll make sure to get all your pieces in the right places and that way we'll have no worries and no
Surprises down the road. So hope you found this helpful, and I look forward to helping you and have a fantastic day