if you're fast approaching age 65 you'll likely know by now you've got some really big decisions
coming up some choices that you have to make for things that are going to be with you literally
the rest of your life and the biggest of them all is Medicare we need to understand exactly
how our health insurance is going to work in our senior years because that's when it's really most
important so I'm going to go through right now if you're about to turn 65 the different kind of
scenarios some people come into MediCare at 65 some people don't come into MediCare at 65. so
let's talk a little bit about exactly what those choices are and I'm Keith armbrick founder of
Medicare on video I help people across the country make the right Medicare choices I can absolutely
help you if you stay till the end I'll show you how to download my free book Medicare made clear
a terrific resource to keep on your computer on your iPad for now and in the future just
has everything you need know about Medicare plus it has all videos and links and everything else
you need right in the book and it's free I'll give it to you right at the end of the video
so right now let's talk about when we're turning 65. so a couple of different scenarios can happen
and a lot of people in the old days used to that was kind of automatic retirement time let's work
to age 65 retire go on Social Security and that's the end of work for us for the rest of our lives
but things change so a lot of people these days don't retire at age 65 a lot of people don't want
to retire at age 65. so two different kind of scenarios so starting off first if you choose
to continue to work past age 65 things you need to know things you need to do things you don't
want to do so in regards to Medicare so if we're going to stay at our employer and we have good
group health insurance and we're with a large employer where they pay for a lot of that good
group health insurance you'll likely want to stay on that plan and that's perfectly okay so
in that situation you don't need to do anything what you don't want to do is you do not want to
start Medicare Part B Because Medicare Part B is a trigger later on when you retire at age 68
72 whatever it may be it makes it like you're turning 65 so when you come into Medicare you
have an open door you can do anything you want and there aren't any questions but if you have
your part B started number one there's a premium to it so you don't want to pay for it if you don't
need it and then number two it takes that trigger away and it makes things is more complicated later
on so if you're going to stay at work you're with a large employer more than 20 employees and you
have good health insurance and understand we need to understand what good health insurance is most
health plans today at work have bigger deductibles like a thousand dollars or two thousand dollars
and they can be expensive unless your employer is paying a large part of it so if you're at a place
where you don't have a great insurance plan and they aren't paying for a significant part of it
it still costs you significantly you'd likely want to come off of that and go into Medicare
so Medicare overall for most people is going to cost less than 300 a month and it's going to have
terrific benefits I'll explain a little bit in the rest of this video on the different choices but so
think of it in that Avenue that when you go into Medicare it's really going to be up front about
300 less than 300 a month but really good benefits probably better than what you have at work right
now so those are things to understand and again if you want to just give us a call fill out the form
on my website we can walk through it and make sure that you're making the right choice that's exactly
what we do so if you work for a smaller employer and maybe they have health insurance don't have
health insurance and if they're less than 20 employees you're almost certainly going to want
to come off of that and go into Medicare because Medicare would be primary a little complicated
I have a video on it if you search on my YouTube channel you can just search for working and I have
a video on working past age 65 that explains it a little bit better and again we help with that so
just make sure to just contact us and we'll walk through it specifically to you so that's kind of
the one Avenue if you're going to continue to work past age 65. now if you're going to retire
at age 65 maybe you're already retired you know also coming off of Social Security disability
if you've been on disability for a number of years when you turn 65 it resets the clock for
everything as well so it's just like regular turn of 65 so you want to absolutely change things if
you're on Social Security disability and you're going to turn 65 absolutely take a look because
things are much cheaper much more choice and things of that nature but for the regular folk
that are turning 865 going to retire already retired and you're coming into Medicare so
you're going to start your part A Gonna Start Your Part B it starts on the first of the month
that you turn 65. so if you turn 65 on June 20th your Medicare will start on June 1st so important
to understand that because you don't want to miss your timelines for sure and you want to do this
stuff well ahead of time two three months ahead of time to be able to get your Medicare number
for one and just have everything in place so that when your date comes it's automatically
going to start and you don't have to worry about anything so and again we walk you through all
that so you're going to start your part A you're going to start your part B now Part B does have
a premium and it runs in the right now it's going to go down a little bit this year so about the 160
dollar Mark a month so when you come into Medicare that surprises some people that there's a cost
to Medicare Part B but it's going to be that cost no matter what you choose in Medicare so when you
come into Medicare you've got one big Choice there you choose either to stay on original Medicare
which is a and b or you choose to have a Medicare Advantage plan so Medicare Advantage plans are all
the TV commercials that you see everything that you get in your mailbox primarily the majority of
all that is Medicare Advantage they are selling selling selling and they try to make it look as
pretty as possible and if you watch any of my other videos you know I'm not a fan of Medicare
Advantage I would not choose Medicare Advantage myself I would not recommend Medicare Advantage so
I don't even offer Medicare Advantage and primary reason for that with original Medicare A and B
there aren't any decisions being made on your health care the Medicare doesn't
either approve or deny whatever your doctor recommends if your doctor recommends something
and it's medically necessary Medicare covers it on a Medicare Advantage plan it's different they
can pre-approve or they can deny even though your doctor says it's something that you need so that's
absolutely something that I would not want to give up is my freedom to choose and do what I
want to do the other big reason that I would not choose a Medicare Advantage plan is on original
Medicare you go to any doctor any any Hospital anywhere in the country there's no network you
can literally go anywhere you want as long as they accept Medicare you don't have to ask permission
on a Medicare Advantage plan they generally work within a network and they have a network of
doctors they network of hospitals and you pretty much have to stay within that Network some of them
show that they have out of network benefits but usually the cost is prohibitive in other words
it's very expensive and you would pretty much never go out of network because the cost would
be too high so for me I would absolutely choose to stay on Medicare a Medicare B having Medicare
Supplement Plan that covers What A and B do not and then also you would likely have a Medicare
drug plan so all that together literally generally comes up less than three hundred dollars a month
on a Medicare Advantage plan it might be less than that some of them have premium some of them have
no premiums the the lower the cost up front the more restrictive they are so keep that in mind
as well but from a freedom point a flexibility standpoint absolutely original Medicare A and B is
the way to go so when you come in at age 65 it's going to start on the first of the month that you
turn 65 you're going to sign up for a you're going to sign up for B if you're drawing Social Security
they will take your Medicare Part B premium out of your Social Security check if you are
not drawing Social Security they're going to send you a bill this is also important to understand
surprises a lot of people when they send you a bill if you're not taking social security
they sent a quarterly bill so you're going to be paying three months at a time so that can be kind
of shocking to some people and again it doesn't matter if you're under Medicare Advantage or on
original Medicare you're always going to pay your bar Part B premium so it's important to
understand that as well so that kind of gives you an idea on what's going to happen when you turn
65 whether you're going to retire and come into Medicare whether you're going to stay at work
and come into Medicare or whether you're going to stay at work and stay on your employer group plan
and again we walk you through all that we make it as easy as possible you know I I kind of tend
to look at it like when I go to my accountant I don't want him to explain everything to me I want
him to tell me what I should do and that's that's exactly what we'll do I'll share with you exactly
what I would do if I were in your situation and we make it as easy as possible now if your choice is
to stay with original Medicare like I certainly recommend I I would absolutely appreciate if you
allow us to help you that's how I make my living I find the best Medicare supplement in your ZIP code
for the best price and that's what we're looking for is value so important thing to understand is
I'm I'm a broker I'm not an insurance agent so I don't work for any particular insurance
company I have access to all of them and we shop between them and find the best value in your ZIP
code so it's important to understand that that you also want someone that has access really to
everything that's out there so that we aren't locked in when it may not be the best value
so we'll find either the best plan G the best plan n sometimes a high deductible plan makes
a lot of sense but whatever it is it's going to be what's right for you so I hope you'll allow
us to help you and and we'll do everything we can to make it as simple and as easy as possible so I
hope you found this helpful I'm going to show you right now how to download my book Medicare made
clear you'll absolutely find that helpful take just a minute and do that have a fantastic day
thank you for taking the time to watch my video I hope you found it very helpful a couple of
other things that you'll find very helpful is first download a copy of my free book Medicare
made clear I put a lot of time a lot of effort into this book you'll find it very helpful for
everything that you need for Medicare now and in the future it has videos in the book has all the
links that you need for signing up and everything else that you'll need going forward so take just
a minute go to medicareonvideo.com forward slash free book you can download it right now and save
it on your computer you'll have it for now and in the future and then down the road when
it's time to renew your Medicare Supplement Plan we always want to shop around so every
year it makes sense to do a Medicare price check and I have a website specific to that
www.medicarepricecheck.com where we will compare your current plan and see if we can get the same
plan at a lower price and a lot of times we can do that so it makes sense offensive visit
medicarepricecheck.com every year we'll do a quick comparison let you know if it makes sense and
then we take it from there hope you found all this helpful have a fantastic day hey don't go anywhere
these are some of my most recent videos right here you can also find the link right below this video
to download my book Medicare made clear absolutely free you can also subscribe to my channel right
here so please download my book watch some videos subscribe to the channel have a great day