thank you for visiting Medicare on video I'm Keith our break fad or Medicare on video and I help
people across the country make the right Medicare choices and the best part about what I do doesn't
cost you anything to allow me to help you so I certainly hope you take advantage of everything
that I offer and we make sure that we get all your pieces put in the right places right now I'm going
to talk about Original Medicare so we give an overview basically just on how Medicare functions
and we'll try and get this done in under three minutes and if you have any questions then the
video feel free to give me a call send me an email I'm happy to help with anything involving your
Medicare so let's get into it and see how we can do so Original Medicare when you come in is made
up of four different parts you have Part A Part B Part C and Part D and I don't know why they take
everything and put it into pieces and typically make it much more complicated than it really
needs to be it's very similar to likely what you have currently your basic health insurance they
just break it up into different pieces so let's kind of get through the parts of Medicare and
how much they cost and what your out-of-pocket expenses will be so Part A which is what covers
things that happen in the hospital has no premium so as long as you've worked for 40 quarters or 10
years during your lifetime you have no premium for Medicare Part A Medicare Part A does have
an annual deductible between January January of each year and that's 1408 and that is per benefit
period I have some more detailed information on each of these parts in different videos so feel
free to take a look at those and then coinsurance for day 61 plus in the hospital so the first 60
days in the hospital no coinsurance after 61 days there is a daily fee for being in the hospital so
again you must have worked for 10 years or 40 quarters to have no premium for your Part A
no Medicare Part B is what happens outside the hospital your doctor visits your special visit
your your outpatient surgery and it does have a premium and it runs right now at 140 for 60 a
month that is the base premium the majority of people will pay that but it is income based so
if you have higher income you likely will pay more for your Medicare Part B Medicare Part B also has
a deductible and again this is stuff outside of the hospital so you're responsible for the
first $190 each year and then after that that satisfies your deductible once you've met your
deductible Medicare is going to pay 80% you're gonna be responsible for 20% so you can see Part
A has a pretty big deductible of $1,400 Part B has a small deductible of 144 and then there's
80/20 coinsurance there are plans that are called Medicare supplements that will cover those costs
so in other words you'll likely have that as well we're going to get into that just a little
bit Medicare Part C really refers to a Medicare Advantage plan so that's a completely different
part of Medicare when you come in you really have a choice of either stayin whether Original
Medicare or going on a Medicare Advantage plan if you stay with Original Medicare you'll likely have
a Medicare supplement plan that covers those pieces that Medicare does not so your Medicare
supplement plan generally as a premium anywhere from 50 to 200 dollars just depends on where you
are and which plan we choose and again that's what I do is I help with that so feel free to give me a
call or send me an email and I will make sure that we get you the best value Medicare Advantage plans
again their network based plans they have lower premiums but they can also have lesser benefits
so it can cost you more out-of-pocket to use them when you go but certainly something to understand
and something that we can help make sure you get the right information so Medicare Part D
the last piece is a drug plan and the premiums on drug plans are absolutely variable this might
be one of the more complicated parts of Medicare is making sure you get the right drug plan it's
based on your current medications and how much of a deductible you might be wanting to have in order
to lower your premium they can have a deductible as much as four hundred thirty-five dollars for
the year so again this is all stuff that I help with and make sure that we get everything done in
the proper fashion all your piece is in the right places and that you're comfortable with exactly
what you have with Medicare and what I can tell you with Medicare is it's terrific and as long
as we put it together correctly it's likely going to be the best health insurance you've had your
entire life so we just want to make sure we get all the choices correct and then put everything
in the right place feel free to give me a call send me an email or visit Medicare own video and
you can put into your information right there we can get your quotes on Medicare supplement
plans super easy to do so I'm happy to help I hope you found this helpful have a fantastic day