My father's Aetna advantage plan cancels at the end of 2024 and no longer have that plan for 2025. Does he qualify to enroll in Supplement plans without underwriting? He currently is very healthy and has no medical records except for flu shots and check up at primary doctor. I just want to make sure. I heard what you said in your video about cancellation on advantage plan.

Something I've not heard anyone mention is that the Plan N copays are not indexed for inflation. The Medicare Part B premium is indexed for inflation. The part B annual deductible is indexed for inflation. The part A copay is indexed for inflation. The plan K & plan L max out of pocket amount is indexed for inflation. The plan N max copays of $20 & $50 isn't indexed for inflation. Years in the future the plan N copays will still be $20 & $50.

The comparison between Original Medicare vs Medicare Advantage is wonderful. It covered exactly what I needed to know to make an educated choice. Thank you so much.

Guaranteed issue scenario, what if the person is hit by a car or mugged ala victim of a crime?

What if a doctor isn't taking new patients??

Excess charges are only charged by 2% of doctors in this country. Just ask if they accept Medicare assignment. If they don’t accept assignment, then Medicare allows 95% of the regular approved amount and the doctor can add on 15% of that amount. So if the approved amount was $100, they would allow $95 + 15%. Medicare would pay 80% of the $95 and your supplement plan would pay the difference up to $95. Then you would be responsible for the 15% of $95 which would be $14.25. There ARE situations where it could be a bit of money. If you have a specialist surgeon for your condition and his approved amount was $30,000 and he didn’t take assignment, then Medicare would allow him/her $28,500 and he could add on 15%. That would be $4275. But again, excess charges are a rare thing and not likely at all.

THANK YOU, FOR ALL OF YOUR EXCELLENT, CLEAR, CONCISE TUTORIAL/EXPLANATIONS, OF THESE MANY "MEDICARE PLANS"! MUCH APPRECIATED!! ["SHARED"]

Excellent. Can I use you for my agent?

I start Medicare in my birth month of December 2024 along with a supplement and a Part D Plan. Will my Plan D rate change the first of the year or is it locked in for one year until December 2025 ?

I sold an investment property and the capital gain made my MAGI increased in 2022. I received IRMMA letter in 2024. Now my income was lower in 2023 and 2024 too. My questions:) Can I file SSA 44 appeal form to adjust /lower my income tier (IRMMA effect) ? And When? What reason allows me to appeal for this capital gain as a non-reoccurring income now on the SSA 44 form?

Thanks for the great information and concise explanation. Always appreciate the advise and information you provide us!

Great Update, thank you!

As always great information from Senior Advisors and Justin! Thank you!

As always a clear and concise update of necessary financial needs related to the medical care for we seniors... Thank you continue the good work as I welcome more videos

FINALLY! We finally have a video on KZbin from a person who is smart enough to know that Connecticut CAN charge excess charges, and that excess charges could be more common in the future! Bravo, sir.

Clear and concise information. I REALLY REALLY don't know which way to go because WHO can see into the future?

I’m confused

And the sources you are quoting from are not from a research/Statistical study, …

AARP is for people with “higher income “ I can’t afford to belong the membership for AARP

Seniors are not computer savvy…

I agree with @robward155, I think it's important to discuss Biden's Inflation Reduction Act and how the out of pocket cap going forward is obviously being thwarted by these greedy insurance companies. This is a loop hole that needs to be closed!!!

So if u have all my meds as generic, how much is my premium and what's the cost per meds as generic, tnx.

Good stuff Justin! I learned to put "effective dates" in REMARKS section!

This is the best explanation of part D that I've heard ! Thanks for making it understandable.

Good information, particularly about the prorating applied to HSA contributions when signing up for Medicare. No other Medicare video I've watched mentions this. Also, the backdating for Part A can get tricky. You have to plan ahead and stop HSA contributions well before enrolling in Medicare. If you get laid off, you can't plan ahead, so there's that complication.

Also - if you enroll in Medicare (or Social Security) after age 65, the government will back-date your Part A effective date by 6 months. This is explained in multiple scenarios in the second half of the video. This is something to plan for if you are contributing to an HSA , as explained in the scenarios.

One other question we get related to this... For people that have an HRA (Health Reimbursement Arrangement) and FSA (Flexible Spending Account), they do NOT have the same restrictions related to Medicare. There are no limitations for HRAs or FSAs related to Medicare enrollment.

Thanks so much, that provided a lot of clarity.

How do you follow up with people after these seminars? They always seem to fall off the face of the earth

Thank you! The best explanation video I’ve found (seen many). I retired 12/30/23, Pt B begins 02/01/24 and rec’d IRMAA increase letter. I went to drop off my SSA-44 at the local SS office today. The man said the life changing event had to happen during the year of the 2-year look back (tax yr 2022) and my form would be denied. I said that’s different than all my research and what my CFP told me so he said he could submit it but likely would be denied. I asked him to submit it. He was incorrect, right?

What if you are hit by 2 hurricanes declared national disasters and you take money out of your Ira to repair your home that insurance did not cover. Ie it caused income to go up and irmma to be incurred.

The fleecing of Americans while feeding Big Parma 💯

Why is being placed in a long- term care facility not included as a life changing event when it costs $100,000+ annually?

When in 2024 should I expect IRMAA deductions to reflect my (much lower) 2022 income? If I don’t see a change by what date should I file an appeal?

What a Racket, my bp medication costs Less than the coverage I will be forced to buy to avoid penalities. My god you would hafto be a politician to think this is kosher.

Great, Great job! So many people use the cloak and dagger approach. You were very transparent, and not pushing one name brand company...

I have earned a lot now. Thanks. What I am really interested in now is how does that affect the amounts that the insurance companies get from the Federal Government.

Please note if and when Trump gets elected you seniors won’t have anything

Thank you for doing this video explaining the way the 4 stages of part D work. I haven’t seen anyone else explain this so clearly. I’ve always been on tier 1 generics, so it’s never been an issue. But I will be starting a very expensive new drug and will be in stage 4 by March. The drug is not even in most formularies yet although FDA approved, so it is hard to use the Medicare plan finder tool to find the best plan for 2024. Otherwise, my current plan works the best for my other meds. Maybe the best option is to stick with the same plan since I will be in stage 4 regardless of the plan.

I will be 65 in a few months. What would be your personal choice between the two?

I was not aware you have to do income tax for this money. What about our Veterans do they all so do income tax for that money .

So twith the little incrase of SS, medicare is incrasing our expences! Seniors will en up with NOTHING!!! Great job!😊

In short, very informative and helpful information for seniors. Thank you !

Excellent info

I wii pay icreased premium, pay me top bracket income~

I found this really helpful. So much so that I’m going to print out the slides from the presentation. I am on an oral chemotherapy drug that costs $22,500 PER MONTH which means I will be in and out of the coverage and into catastrophic coverage in January, 2024. Five percent might sound like not very much but since July, 2023 I have been paying the 5% every month. Needless to say: the IRA is a god-send. Thanks for breaking it all down.

BILL BEEB ​I am about to start Medicare in Jan. I have been on full SSDI since Jan 2023. Can get a Medigap plan if I have Medi-cal with a share of cost (SOC) My share of cost is $1300.00 every month

Very helpful attention to detail good thanks ❤

👍💯Thank you ❤

Big deal