2025 Medicare Costs Are Out | Here’s How Much They Went Up

[@annnguyen2400]

Retirees, elderly, sick ppls. Can not handle these complicated Medicare'need to know' annually . Please health department simplify the whole thing

[@nedrawarwick3840]

One step forward two steps back. If politicians were to get the same raises then MAYBE we wouldn't be sinking in our old age

[@lovemusic1963ify]

If they had to have the same insurance we do, medicare would be a whole lot cheaper.

[@beverlyanderson347]

The tax bracket for Part B in incredibly High for retired people on SSI! You would think the Monthly premium would be Substantially less for those making under $50K A year Individual and $100K a year Jointly! Now I know why I see so many in thier 60's,70's+ still working at bank's store's, restaurant's, Home Depot, etc etc. UNBELIEVABLE!

[@Getrichwithme-zz]

Yes, it is a fact)

[@babasheeny3634]

@@beverlyanderson347 well they want us to DIE of course!! It’s all a racket anyway. (Is this being respectful for em?)

[@sixpackbinkyjoe7759]

I work pt 7 days a week at 70

[@windycityliz7711]

Know many people - including myself - for whom $50K/year sounds delightful. Maybe perspective is everything.

[@sixpackbinkyjoe7759]

@Rottiek9000-f5s well actually I'm very grateful to be able to work at the age of 70, I thank God

[@seanwilson6521]

I've been listening to several vloggers now as I approach 65. I am disgusted with the whole process. If these numbers were represented by people, I would have dozens of strangers shoving and jostling around me, grabbing at me to get as much as they can when I'm at my weakest. But there is no face to this abuse. Yeah, proud to be an American.

[@mnfisher129]

its not a cost of living increase if over 100% of it goes to heath cost increase

[@Tabernacle-d3u]

True

[@EightyDeuce-x1d]

Those increases every single year on deductibles and costs for parts A & B means that at some point, we the senior community, won't be able to afford Medicare health insurance. Hopefully, one of these elected officials, will be smart enough to place a cap on these costs. It's the only way that seniors will get ahead and afford these costs, and survive at the same time.

[@Theretirementnerds]

It's a reason so many are ushered into advantage plans. The costs just get to prohibitive 😕

[@sherryberry2394]

Do you really think the incoming administration will give a flip about what happens to the elderly, or healthcare for America's citizens? Oh my goodness... Us old folks are just a drain on the system. Under Trump, the more of the elderly, frail, and feeble that die -- the sooner the better they will say.

[@HankArtie]

Unfortunately, people voted for the candidate that doesn't care about that 😞

[@mapguy32]

It could become worse as the deficit spending and external debt increases with the incoming administration. Currently part B premium is 75% subsidized by general fund revenues. This will be much harder to maintain as the US external debt is projected to increase over the next 4 years. Part D had an 85% subsidy in 2024, between the federal and state funding. I haven’t found official estimates yet but it’s likely to be much higher for 2025 as Congress approved emergency payments to PBMs to mask the massive part D premium increases from the Inflation Reduction Act. The future prices increases and unlikely continued high Medicare subsidies do not bode well for price stability. The current increases will be a cake walk compared to future increases.

[@junkyard-p1s]

@miguelberrios19 No worries. If you read the new administration policies for 2025, cuts are in the horizon for Medicare and social security. He also wants to change the minimum age to collect SS from 62 to 70. According to the gop people are living longer so there's no reason to retire that early. Tim Scott was one of the Republicans that is on board with the president for these changes to lower the deficit.

[@ponchovanillabean8074]

Good job! I almost understand all this crap now. Enough to know I don't want to get sick.

[@Theretirementnerds]

Yes... something we should all hope for. Thank you for watching!

[@crand20033]

As you age, you health will change for the worse. You can't stop that no matter how much you want to.

[@carolinapascua3672]

Yes you have to continue taking care of yourself.

[@JestonyMae]

In essence, seniors will never get a break!

[@chinesecrested9528]

I am 70. I just retired in August and moved to Thailand. This video has been very helpful in my decision NOT to start a plan B or C plan. Medical plans or just not having one here is a better idea for me. Healthcare here is affordable and, in my opinion better than what I experienced in the usa. Health coverage in the usa is costly and overwhelming.

[@Getrichwithme-zz]

I agree that such a problem exists

[@jansugalski4856]

Of course it is better in Thailand because US costs are the highest in the world.

[@chinesecrested9528]

@jansugalski4856 My wife and I both had our teeth cleaned. The total cost of a complete set of X rays and cleaning for 2 people was $51.00 us. That was my monthly premium for dental insurance for 2 people on my old crap of a dental plan in the usa....

[@Tabernacle-d3u]

So good you were able to work in USA and move away back to your hometown. Many do that too and to Mexico. Good job 👏 you keep more in your pocket!❤

[@chinesecrested9528]

@@Tabernacle-d3u i am a us citizen. I moved to Mexico in 2006. It was great until it wasn't. Thailand is peaceful as long as you avoid the tourists and drunken drama

[@iraforleiter7954]

The health insurance system in the US is horrendous and this video is exhibit #1. I feel there is no hope it will ever improve and most likely will get worse. Meanwhile, your videos are incredibly informative (I've watched several of them) and I am appreciative of your efforts.

[@Theretirementnerds]

Thank you so much for taking the time to watch!

[@Getrichwithme-zz]

There are some very useful tips here)))

[@theresemaynard5679]

Agree on all above! HOPEFULLY we won't go 'Socialized medicine',, like Canada....it's horrible! Good luck on getting what you need there...over age 80 😢

[@Ms.Byrd68]

@@Theretirementnerds Could you do this for Federal Employees?

[@diannalocke997]

I can't thank you enough for all of your hard work in providing us Medicare information! Love Autumn!

[@Theretirementnerds]

And I can't thank you enough for sticking with me and leaving such nice comments ☺️

[@thebootielover]

@@Theretirementnerds would participating in a paid medical study reduce my ssdi benefit

[@Getrichwithme-zz]

There are some very useful tips here)

[@ggjr61]

Thanks for this update. I have a friend who will need to sign up for Medicare in the near future and finds your channel a lot more clear and understandable than most of the other KZbin Medicare channels. Fall.

[@Theretirementnerds]

So glad it is helpful ☺️ thank you for watching! 🍂

[@Getrichwithme-zz]

Yes, there are great tips here)

[@JMAM006]

OUR TWILIGHT YEARS SHOULD BE EASIER TO UNDERSTAND AND MANAGE. This is horse hockey.

[@sct4040]

The raise in cost should be income based. It is a shame seniors are forced into Advantage care (really a disadvantage care) due to cost.

[@mapguy32]

@@sct4040 or save more for retirement healthcare costs. That’s my plan as a 45 year old staring at another 20 years of waiting for SSA and Medicare. I don’t anticipate either program to be as generous as they are now in two decades.

[@Getrichwithme-zz]

You're right about something.)

[@Person-mh6xq]

@@sct4040 disagree. Should NOT be income based.

[@crand20033]

The Biden-Harris administration's handling of health care policies under the Inflation Reduction Act (IRA) has resulted in the $266 billion diversion from Medicare to green energy - leading to a 21.5% increase in Part D premiums and a drastic reduction in available plans - according to an analysis by the Health Market and Policy Network, led by Joe Grogan, former domestic policy assistant under the Trump administration.

[@RobinRockefeller]

​@@mapguy32..oh sure...save for retirement healthcare costs?.😂 My late husband's hospital bill was over six hundred thousand dollars.

[@Cappy_820]

FYI. SS cola Since the 80’s our SS COLA increases have ALL been taken by our monthly payments for health insurance. Medicare and Supplemental insurance. Therefore there has been NO INCREASE to the amount we get on SS. Example we receive $10 in to 80’s get a raise of $1 every year. Now in 2024 we are getting $54, we are still getting the $10 and paying $44 (2024-1980=44) increases to health insurance. As witnessed seeing my Dad’s and now my SS.

[@googleuser868]

I had no idea how big of a nightmare Medicare was going to be. Medicaid is much better. Might as well be broke in later years as barely getting by is a harder life.

[@michelefiore4017]

So im looking at this and thinking its probably not even worth going to a doctor or taking medication because I wouldn’t be able to eat or keep a roof over my head anyway and I would be unalived either way 🤷🏻‍♀️ What a world we exist in. Not for very long but I guess that’s the point

[@RichardRoche-c2w]

And so our minuscule $50 increase just dropped by $10. 🤨

[@darlacox]

I'm 70. I've been to the doctor once since I went on Medicare, for a mole that didn't need to be cut off anyway and now itches constantly. All that money I spend on Medicare could be buying me healthy food and a gym membership.

[@AnyRain-l8h]

I cancelled useless medicare at the social security office. First, they will tell you that you can't and argue with you, but if you sign a paper, they will cancel it and you can KEEP YOUR OWN MONEY. That was about 10 years ago. 10 years of saving all that money is a lot of saving, in case I really get sick. There were no available doctors in my area and they referred me to 2 dead and one retired doctor. IMO, Its a giant scam.

[@helenfisler-parker9005]

Change yo managed care. Free gym. Copay low.

[@paulcalvert6062]

@@darlacox You are fortunate. But you could be only a heath problem away from spending many thousands of dollars in doctor and hospital costs that may arise if you didn’t have Medicare. You may not have had any auto accidents in your life, but if you do, you will be glad you have auto insurance. So health insurance is just like any other insurance. You hope you don’t need any of it, but if you do you will be glad you have it. Congratulations on your good health though. I hope it continues for you.

[@globalfamily8172]

the 2.6 increase is supposed to cover CPI inflation, not just medical. Quality of life just keeps getting worse.

[@janetkenny4861]

I’ll be Summering into Medicare when I turn 65! I’ll keep watching as I make my decisions on coverage.

[@Theretirementnerds]

Love it 🌞🙂 Appreciate you!

[@Getrichwithme-zz]

You're right about something.

[@ezshooter4180]

My Part B in California, through Kaiser Permanente, is $65.00 per month. It covers a lot. Recent cataract surgery was 100% free to me. The most out of pocket Kaiser can charge me per year is less than $5000, stops no matter how much my care actually costs. Very affordable, good coverage for most seniors.

[@vladimirofsvalbard9477]

I feel really bad for a lot of the seniors that are stuck in this rut. However, at the same time (as a millennial) I was taught as a teenager to never rely on what the government claimed it was going to provide in Medicare or Social Security. I really don't understand why anybody is surprised, especially with there being a massive demographic and (wage/tax) problem with maintaining these safety nets. I can tell you right now that Gen X is going to get the largest shaft of any generation when they get a 20%+ cut in benefits within the next decade. The CBO has been warning people about this for many years. Believe them the first time.

[@Getrichwithme-zz]

You're right about something.

[@Jen-ur4ut]

@@vladimirofsvalbard9477 They could fix it with the swipe of a pen, but won’t!

[@ginhenry-1214]

Thanks for the update. Fall is our favorite time of year!

[@Theretirementnerds]

Fall is great 🍂 thank you!

[@Getrichwithme-zz]

😊

[@JagLite]

Very interesting and informative video, as always. It helps to see it all on the screen at the same time. Summer in Alaska is great! Sometimes we take the entire week off from work.

[@Theretirementnerds]

Alaska is one of a kind! 🙂☀️

[@Getrichwithme-zz]

Yes, there are very useful tips here)))

[@itsjustme7487]

😅😂😅😂😅

[@eartha911]

The 'formulary' rip-off is terrible. Many times my primary care doctor changes the script mid year, and suddenly my costs go up astronomically, and I'm forced to go way beyond my budget, or do without. This BS after I'm paid my exorbitant monthly premium is just plain wrong!

[@les0101s]

I don't know anything about your meds, but when my doctor prescribes something I can't afford, I tell her. Usually, there is something else with a lower price. I understand that sometimes there isn't though.

[@Getrichwithme-zz]

I agree that this is unfair.

[@RobinRockefeller]

​​@@les0101sMine too. Unfortunately, they will be going up after the tariffs kick in.Ninety percent of Generic prescription drugs are made overseas. Compare the prices of the brand names with the Generic and you'll see why. I would die if I had to buy the brand name drugs because I couldn't afford them.Even if I used every last penny I get from social security and my part time job just on them..

[@Here.with.my.conscience]

Each year when seniors get a tiny increase in Social Security there is an increase in Medicare cost which results in one hand gives and the other hand takes it away. Nothing new here except it will get worse.

[@monaestrada6256]

@@Here.with.my.conscience nothing we get, is added to our Pocket! It all goes to our cost. That's BS!

[@MarkInChicago]

This was a terrific & eye-opening video. Thank you for all your efforts. My favorite season is fall, probably because I'm in the Autumn stage of my life. 🙂

[@Theretirementnerds]

Thank you so much for watching! 🍂

[@Getrichwithme-zz]

Yes, there are great tips here)))

[@karenboyd6293]

Thanks for this video. My take away is that Medical costs are our single highest cost. BTW Fall used to be my favorite season, but I developed asthma late in life and I am now allergic to almost every season.

[@Theretirementnerds]

Appreciate you! Fall sure is pretty. I get allergies in the fall as well 🍂

[@threeftr3349]

This is by far the best video explaining the 2025 cost compared to the 2024 cost. Thank you!

[@Theretirementnerds]

Thank you!! 🙏

[@ph5915]

You have the BEST charts!!! 💯 Sigh. It just don't pay to get old, does it?

[@Theretirementnerds]

Thank you! ☺️ Nothing seems to be getting cheaper...

[@ph5915]

@@Theretirementnerds Ain't that the truth!

[@sct4040]

I think my employer medical insurance costed a lot as well. I think I was paying $300 per biweekly paycheck. But honestly I never noticed, cause the money was taken out from my paycheck.

[@ph5915]

@@sct4040 OMG, that sounds expensive! Was that for spouse/ kids? Mine was never that high, I've never had dependants, but I'm on my former employers "retiree plan" (pre medicare) and it's still cheap, but it is going up $75/month for 2025. that's a big jump...

[@Getrichwithme-zz]

😊

[@douglasjensen8986]

Autumn! Another A+ one-of-a-kind uniquely valuable video!

[@Theretirementnerds]

Thank you so much!! 🍂

[@Getrichwithme-zz]

❤

[@russshaber8071]

My United plan cost increased by $200/mo. I had to switch to a plan with higher co-pays and 3x the max out of pocket.

[@Getrichwithme-zz]

The main thing is that you feel comfortable)))

[@flashnmb1]

Autumn & your advise is Outstanding !

[@Theretirementnerds]

Thank you so much!! Appreciate your support! 🍂

[@eduardooramaeddie4006]

Thank you for the Medicare information

[@Theretirementnerds]

You are awesome Eddie!

[@eduardooramaeddie4006]

@Theretirementnerds thanks

[@Getrichwithme-zz]

Yes, there are great tips here)))

[@havefuninlife83]

Happy fall, y'all 😊 Thank you very much for your videos. I watched many of your videos this year to help my mom who started on Medicare a few months ago. You were a big help for us to understand what we were looking at and helped her decide what was best for her. I appreciate it.

[@Theretirementnerds]

Of course! Thank you so much for watching! I'm glad to hear they are helpful 🍂🙂

[@Getrichwithme-zz]

Yes, there are very good tips here)

[@bernardberry3824]

As always, another great presentation. I'm with you late summer is great.

[@Theretirementnerds]

Thank you so much! Hard to beat late summer ☀️ 🙂

[@Getrichwithme-zz]

❤

[@sethc6176]

Thank you for this review. Meanwhile they are actually cutting what they are paying physicians again this year. Where is the all of the money going?

[@Theretirementnerds]

Look to the hospitals...

[@crand20033]

The Biden-Harris administration's handling of health care policies under the Inflation Reduction Act (IRA) has resulted in the $266 billion diversion from Medicare to green energy - leading to a 21.5% increase in Part D premiums and a drastic reduction in available plans - according to an analysis by the Health Market and Policy Network, led by Joe Grogan, former domestic policy assistant under the Trump administration.

[@globalfamily8172]

@@Theretirementnerds Yale owns half the hospitals in CT. Meanwhile their assets are worth billions and they pay no taxes!

[@martinmabry5460]

@@sethc6176 Ukraine.

[@annaredd5862]

The health insurance companies get a hefty cut as far as I understand.

[@tomm7505]

Thank you for putting that all together, Erik! One thing, you mentioned in this video (and other brokers have mentioned) about Part D drug companies cross selling to policy holders. I have the zero dollar Wellcare Part D plan for this year and for next year and I rarely receive anything from Wellcare trying to sell me an MA plan. On the other hand, I get a LOT of mailings and emails from UHC/AARP, BCBS, Humana and Cigna for me to sign up for their MA plans. Especially UHC/AARP. It's odd but that's been my experience. Oh, and Autumn is my favorite season.

[@Theretirementnerds]

Thank you Tom! 🍂 While they still have that $0 plan, I think they'll keep hands off. The entire Medicare world was shocked they kept a $0 plan and they'll get an even bigger part of the market for 2025 because of it. Most in the industry don't think the $0 plan is sustainable and if increases come, that's when the cross sell will happen. We're all crossing our fingers it stays low cost, because it's such a great option for people with no meds or very low cost generics. The UHC/AARP marketing machine is... intimidating.

[@Getrichwithme-zz]

Yes, there are very good tips here)

[@crand20033]

The Biden-Harris administration's handling of health care policies under the Inflation Reduction Act (IRA) has resulted in the $266 billion diversion from Medicare to green energy - leading to a 21.5% increase in Part D premiums and a drastic reduction in available plans - according to an analysis by the Health Market and Policy Network, led by Joe Grogan, former domestic policy assistant under the Trump administration.

[@slatsgrobneck7515]

Same here. The Wellcare $0 Part D works for me because I take only a couple of prescribed medications, and they are cheap. Also gets tons of fliers from those companies you listed. ugh

[@billiesmith9449]

With Autumn's breezes lifting the beautifully colored leaves to the ground so I can walk through them is my magical moment .

[@Theretirementnerds]

This comment in and of itself was magical 🍂

[@Getrichwithme-zz]

❤❤❤

[@wajobu]

Late summer you say? For me early and full Spring. An excellent video, as always-thank you.

[@Theretirementnerds]

Late spring is probably my 2nd favorite 🌱🙂

[@Getrichwithme-zz]

Yes, there are great tips here)))

[@AnyRain-l8h]

When I worked, I was required to pay for group insurance, which covered nothing and denied everything That was about 50 years of paying for a USELESS product. I cancelled medicare as soon as I found out how to cancel it at the social security office. That was about ten years ago and have saved thousands of dollars. If I get sick, I AM THE ONE who can choose my own doctor. With the money I have saved from not paying for medicare, where there were no available doctors in my area and they would not let me go out of area but did give me the names of 3 doctors (2 were dead and 1` was retired), I can choose my own health care.

[@LoricFox]

Great system😢

[@donbxman7080]

Give with one hand take with the other?

[@k.crosbie261]

Thank you for making this so easy to understand

[@Theretirementnerds]

Appreciate you taking the time to watch!

[@georgeburdine5660]

I've read all my paperwork on my current Medicare coverage,as well as others trying to get me to go with theirs. It looks like a trap.I'll just ride out my current bs situation, and watch what happens to millions of unsuspecting old and poor souls in this all most third world country. Heartwrenching for sure.

[@Getrichwithme-zz]

Yes, you're right.)

[@deannawilliamsq4570]

Lots of anxiety trying to figure all this out

[@georgeburdine5660]

The government wouldn't have it any other way. It's intentionally worded horribly. These humanoids need replaced with good quality people.

[@magicllama9614]

Oh geez fall and early winter are EASILY my favorite seasons.

[@Getrichwithme-zz]

🥰🥰🥰

[@Stan_in_Shelton_WA]

Deductibles - I got lost on the Part C as it's not specified, monthly or annual, on your expo board. I assume the Max numbers are always based on annual expenses.

[@Theretirementnerds]

Deductibles and Max out of Pocket numbers are all annual deductibles and max out of pockets. There is one exception, which is the Part A deductible. That is not an annual deductible but a per benefit period deductible explained in more detail in this video: kzbin.info/www/bejne/fKa0cq2Giamsl5osi=YorSzKm7B7PYq15f

[@Stan_in_Shelton_WA]

@@Theretirementnerds Thanks for the clarification. The part A per occurrence was cover very good. Good video.

[@jt9228]

Just became a sub. I plan to retire in a year or so and the video is a big help! I will watch other videos in your channel as well. Thanks so much for sharing your knowledge!

[@Theretirementnerds]

So glad you found us :) Appreciate you watching!

[@Getrichwithme-zz]

Yes, everything is very informative here)))

[@LadyChelleish]

You explained this so well thank you 👏🏾👏🏾👏🏾

[@Theretirementnerds]

Thank you so much! 🙏

[@janmiller8469]

Spring is wonderful!

[@spangleboy]

Spring! I love the warming and the rain. Not a fan of cold either! Thanks again for the in-depth explanation of the 2025 changes and comparisons. It's a lot to take in all at once but as you know, I watch your videos at least twice and pause often to study your charts on the screen. Also, thanks for getting this out quickly since most people are in the middle of making decisions about their 2025 plans and coverages during the open enrollment period and some during their special enrollment period. Great job! - - Lyle

[@Theretirementnerds]

Thank you so much for watching! I wish they got this out BEFORE the enrollment period... but I think they wanted to wait for the election to pass.

[@Getrichwithme-zz]

Yes, there are very useful tips here)))

[@mikemrha9013]

Am in Tusa, OK. I got spanked by IRMAA in October. Am single, retired July 1 & signed-up for all Medicare parts including Delta Dental from AARP. Pay zero for part A however my current monthly medicare including dental is $868 per month. Plus got a IRMAA bill for $2218 for July - Sept. therefore I paid roughly $1100+ per month for the first three months of medicare. I spoke with a medicare representative & learned that I have no hope of reducing my medicare cost for a couple years because for six months of 2024 I landed in the top income level for 2024 related to medicare's payment level. Any thoughts on how to reduce my monthly medicare other than wait it out until I drop to a lower income bracket? Future challenge is if I sell my primary my home or either one of my two investment properties I land in the higher end of the medicare chart cost. Any thoughts to reduce future Medicare costs other than don't sell a home?

[@jeffmiller8209]

Thank you, Erik!

[@martinreyes6931]

Thank you very much for this information.

[@Theretirementnerds]

Thank you for watching!

[@igotstoknow2]

We need congressional term limits to force politicians into the private sector that they created. They would probably pass better laws for seniors.

[@amyshoemaker5770]

No they want the seniors dead. That is the grim reality

[@leenewsom7517]

My doctor, Mayo Clinic, no longer accepts patients with Advantage plans, so I switched to original Medicare. My dental plan is still Advantage and I see the same issues with their manipulation (wish original medicare would cover).

[@garypollio4960]

I don't understand why the federal government doesn't see dental health as a key component of physical health.

[@marianapgar4409]

Agreed. And vision should be covered as well!

[@garypollio4960]

@ I would be glad to pay more for both dental and vision coverage

[@L.h314]

I have never ever in my life to decrease any form of Medicare system. It is a huge mockery from both sides. Government and private bullshit corporations.

[@Getrichwithme-zz]

You're right about something.)))

[@slatsgrobneck7515]

Great presentation - Thanks! My Part B plan premium is set to go up about 28%. Just turned 72 and my agent is telling me that the premiums go up with age. That is news to me. Personally, I think they raised my premium because I had a couple of issues this year beyond office visits. SO they had to pay out 'claims' and responded accordingly.

[@Theretirementnerds]

They don't target people for premium raises. Everyone with that insurance company got one if you got one. Increases happen most years at your birthday and potentially a 2nd increase that is the insurance company's annual renewal date.

[@slatsgrobneck7515]

@@Theretirementnerds Thanks for the clarification. Much appreciated!

[@kdplain2923]

Thank you! 💕

[@Theretirementnerds]

Appreciate you :)

[@Getrichwithme-zz]

Yes, it is very informative here)))

[@williamcohen3351]

Your numbers for the increase in social security do not take in to account for those who have to pay income tax on 85% of their social security. The 2.5% increase is before taxes and not after taxes. Unfortunately for most people they cannot deduct the medical premiums on their taxes because of the way medical expenses are treated in schedule A. People are falling further behind every year because of this. Now you can see why more people are in debt because of our stupid tax system.

[@joavech6266]

I know I probably said that in a past comment but I think your KZbin channel is a blessing, it just took me some time to find it because of all the crap the algorithm tries to push due to my offspring’s searches 😂. I live in Florida so no real seasons unfortunately, I miss the beautiful (and yes maybe a little gloomy at times) fall season of WA.

[@Theretirementnerds]

So glad you found us and makes me happy to hear these videos are helpful for you 🙂

[@Tabernacle-d3u]

Praying for the people. Stay healthy! Eat veggies and fruits nuts fish all seeds . Fast and pray. Exercise! Water intake walk as much as possible as you can! Between this and dental work they will have all your money!!!!!💰

[@davidlewis3072]

why is it that the ones who have worked 40 quarters don't have to pay anything?? they also get the most ssan back in their monthly allotments. makes zero sense...

[@ZohraLasania]

Winter is scary .

[@Theretirementnerds]

Agreed! ❄️

[@johnkitchen4699]

As someone who doesn’t receive Social Security benefits and has to pay for part A & B, D, G/N because we came to live in the USA from the UK when we retired in order to be close to family, we have finally, after 15 years, have had enough. We are leaving the USA and returning to the UK. (An American retiring similarly to the UK will get healthcare at little or no cost). American lack of social civilisation is driving us out while we can still afford to go.

[@marteanderson7963]

Unfortunately, the solution is to leave the country in retirement for more affordable health care and overall living costs. I know that means you live farther from family, but that's better than bankruptcy.

[@Getrichwithme-zz]

Unfortunately, this policy forces people to move to other countries

[@WigsGlam]

Thank you so much for all of the information you put out here and you make it easy for me to understand😊 I love fall the best🍁🍂🍁🍂

[@Theretirementnerds]

Appreciate you spending time with me and your nice comments! 🍂🍁

[@WigsGlam]

@@Theretirementnerds you are easy to listen to. Some others, I try to learn from lose me in the first couple of minutes.🙃

[@yokademmers3048]

At the rate meds & costs of premiums are increasing seniors will never be able to put money into savings. I’m still waiting for the costs of the F plan. I know we’re the minority here but y is no one including it in their videos? It means I have to spring into action & schedule an appointment with an insurance agent. Thank you tho for being so informative it helps more people with a greater understanding.

[@Theretirementnerds]

Thank you so much for watching! Plan F's average for a 70 year old (those eligible for Medicare after 2020 can't get one) is around $200/month. Highly variable though on where you live and age :)

[@Getrichwithme-zz]

Unfortunately, this problem exists not only in the United States, but also in other countries

[@SueIsRetiringToFrance]

Autumn/Outono/Automne all the day long! And fave holiday is Thanksgiving!

[@Theretirementnerds]

A few more days! 🦃🙏

[@Getrichwithme-zz]

❤

[@windycityliz7711]

See a lot of complaints here. I for one am grateful that we have Medicare and for my affordable - and very good - Medicare Advantage plan. The alternatives are truly awful.

[@michaelcoretto9629]

Thank you for the “blizzard” of information! Not my favorite. 2025 is the second year of Medicare experience for us. Here is a data point: My wife’s supplement plan stayed exactly the same, Part D went up $7/mo, or 33%. I’ll be “springing “ onto Medicare this year, better than the “blizzard”.

[@Theretirementnerds]

Thank you so much for watching! Glad your wife's plans are staying the same :) Definitely not the norm for 2025. Appreciate you! 🌱

[@Getrichwithme-zz]

❤

[@juliezamora5508]

I love spring. Thanks!

[@Theretirementnerds]

Great choice! 🌱🙂

[@Getrichwithme-zz]

❤❤❤

[@davidfuith2995]

Spring. Thank you.

[@Theretirementnerds]

Thank you! 🌱

[@Getrichwithme-zz]

❤❤❤

[@frankb1]

Lot of good information

[@Theretirementnerds]

Thank you so much!!

[@Getrichwithme-zz]

Yes, that's right, everything is informative here)))

[@samkurz]

Yes and the average senior get all this. What a shame.

[@ursularandle683]

Spring...thanks for the info

[@Theretirementnerds]

Thank you so much for watching! 🌱

[@Getrichwithme-zz]

❤❤❤

[@tjevans3025]

Thanks Erik!

[@Theretirementnerds]

Thank you!

[@TomSchwalbach]

I am trying to find out how Sr Living facilities provide drug discounts to assisted living members. How does the MAPD plan pay or cap the scripts at $2000 if there is no itemized payment detail for the member. The wholesale prepackaging of daily scripts is a service these wholesale facilities supply, They do not specify the drug cost, the service charges as an "as far as I can see" arbitrary or full retail cost of those drugs. I believe there is a big hole in this coverage and I am not sure if the charges are Part A, MAPD or Part D for Assisted Living, Memory Care, etc.. Do you have any knowledge on this subject?

[@glendacastillo6504]

I'm only 50 years old. What about if I only work 20 years full time and retired military. How much do i need to pay at age 65.

[@Jen-ur4ut]

A lot because there won’t be Medicare anymore.

[@philbeau]

An odd game... The only way to win is to not play.

[@judyschultheis]

I think I like fall best of all…thanks for the helpful info! 🙂

[@Theretirementnerds]

Thank you so much for watching! 🍂

[@Getrichwithme-zz]

Yes, it is very informative here)))

[@sderk9314]

Great whiteboard teaching video thankyou..🙌🏼 I have no option living off my SS 17,100 yr. It’s the Advantage life for me. I just want the best one for a hospital stay if that would ever happen. I do not take drugs nor will I ever.. my body rejects them with tons of side affects. I would have to find an alternative natural way. Thankyou this was helpful to see clear and concise information with no additional wording to make us crazy.

[@Theretirementnerds]

Thank you so much for watching and sharing your experience!

[@mallu43]

I love your videos, very informative thanks! My question is what if I don't take ANY meds now? Do I still have to apply for Plan D just in case for the future????

[@Theretirementnerds]

Thank you so much! We usually recommend yes. Especially if you have a $0 drug plan available where you live.

[@avamartinez8586]

I had to search and search and search & now I know what the part D will be monthly I will have to pay. $185.00 if someone wants to know. I shouldn’t have had ANY PROBLEM finding it.

[@Getrichwithme-zz]

👍

[@Christopher-j3x]

Fall is the best season

[@Theretirementnerds]

Big fan of early fall 🍂🙂

[@Getrichwithme-zz]

❤❤❤

[@DonShader]

It’s not even worth living in the US anymore.

[@alexandergennaro8596]

Imagine 5 years from now and a lot of seniors will be doing what robin Williams did

[@ChangeYourWater_ChangeYourLife]

😊 Another question about the Part A cost would be, let’s say my spouse is 61, who already has the minimum 10-year work credit for a Premium Free Part A. But let’s say I’ve just turned 65, who doesn’t have the 10-year work credit, (Let’s say I have have 5 years only, and no longer working, can I just wait for another year to get the Premium Free Part A through my spouse work credit? What would happen if I do that? I understand there will be a 10% penalty, so would that penalty still apply to my monthly premium once my spouse turns 62? And then, what if I decide to get the Part A and pay let’s say, $518, instead, but since my spouse would be 62 next year, would my premiums then be changed to a zero costs once my spouse becomes 62? Please advise. Thank you so much! 🥰😊

[@avamartinez8586]

This is crazy. What is the amount of the increase monthly for part D? I never did find out. Looks like I’ll have to find another video to watch & hope they actually will say what the monthly cost for part D will be.

[@beesarebeautiful4175]

Cost depends on where you are located. Premiums go from 0 up. Per his presentation the 0 premium option - IF OFFERED - where you are located - is a good option for someone not taking many prescriptions. Also he said many of the companies have dropped certain drugs that are more costly from their formularies - meaning you would have to pay entire cost out-of-pocket and it would not go toward the out-of-pocket cap which $2,000.00 for 2025. He did say the AVERAGE cost of a part D plan was $53.95. Also said the higher cost plans may cover the higher cost medications (or not - you have to check). Remember - stand alone part D - is offered by private insurers only and those private insurers determine the ultimate dollar amount they want to charge for their product. Also - if you are already on a part D plan - you should have gotten a Notice of Change back in Sept/Oct. concerning your current plan so you know what you are facing. Hope this helps. Also - contact the Department of Insurance for your state. They should be able to help you make comparisons

[@orangefield3171]

You should have already been notified by your insurance carrier as to price increases.

[@Nemo-yn1sp]

My COLA will be a wash, maybe a negative depending on how much AARP Supplement premium goes up. Thanks for the info.

[@Theretirementnerds]

Thank you for watching!

[@southtexashay777]

I am so confused. I worked for the federal government 32 years and retired at 59 years of age, I am now 64 and not taking Social Security yet. I did keep my medical insurance for myself and wife and children. My daughter who is 19 years old and has Downs Syndrome she never qualified for any benefits and we have not enrolled her yet to receive her disability benefits. Can you recommend any advise. My wife had been a house wife for over 40 years and has taken care of our children. Thank you kindly.

[@VivaciousOM]

Favorite season is spring.

[@Theretirementnerds]

Thank you so much! 🌷

[@Getrichwithme-zz]

❤❤❤

[@bethesda1146]

To Fall or not to Fall, that is the question. One guarantee during the Fall is change, so change it is and to help manage that change, who are you going to call in the Fall? Hmm, call the Nerds!

[@Theretirementnerds]

Appreciate you!! 🍂

[@Getrichwithme-zz]

😊

[@pjtrant]

This is the first year i retired and I had to also pay IRMAA as they look at your income from2 years ago vs. your current situation. This is very unfair as they also do not give you any cost of living adjustment if you have IRMAA. So I will not even get a cost of living adjustment either even though my current income is much lower that it was 2 years ago.

[@orangefield3171]

Why don’t you do an IRMAA appeal since your current income is lower now than 2 years ago.

[@KBWFreedomthrurealestate]

Good information!

[@Theretirementnerds]

Thank you!

[@nowofficial2853]

In general I love your videos. This one is good but I think it tries for too much. I used to teach calculus and differential equations. I understand weighted averages but most people don't and I don't think your explanation helps. I think perhaps just saying Medicare Advantage plan are shifting the burden caused by the Inflation Reduction act into drug deductibles would have been more effective. That was perhaps (and maybe still is) worth a separate section. Maybe you can do one in the Spring.

[@Theretirementnerds]

Appreciate you watching and your feedback! Always trying to be better :)

[@nowofficial2853]

@@Theretirementnerds I think you come closer than anybody to explaining what Medicare Advantage is without demonizing. It's reasonable for Insurance Companies to try to be profitible. Somehow people don't seem to understand that when it comes to the rising premiums of Medicare Suppliments. It's the same phenomenon (without minimizing the great difference between managed care and medicare) I think explaining the shift of costs is worthwhile.

[@Getrichwithme-zz]

You're right about something.)))

[@davewebbtheauthor]

My father has Part C and insists it is part of original Medicare and not an Advantage plan. (He said he was grandfathered and it's no longer available to others.) Could this be true? Whatever he has, everything is paid for and that's saying a lot considering my mother's extensive health problems. I hope to be that lucky when it's time for me to sign up.

[@Theretirementnerds]

Part C is an advantage plan. Now, he may have some form of plan that was offered to him by a former employer. These are classified as advantage plans but can be built out to cover different things than the commercial advantage plans that everyone else has.

[@davewebbtheauthor]

@@Theretirementnerds Thank you for the quick reply.

[@orangefield3171]

Your Dad probably has something similar to what my parents have which is Original Medicare and a gap plan, they have F, and part D for prescriptions. If so it’s true almost everything is paid for, both of my parents have serious health issues.

[@davewebbtheauthor]

@@orangefield3171 He insists there are no other letters. His answer is always, "Part C, gap plan, original Medicare, grandfathered in." So, whatever it is, I might not be able to get it anyway. I'm a few years away, but I'll look at N most likely, along with A, B, and D.

[@sct4040]

In 2024, my Part D cost $3.70/month. In 2025, it will be $38/month.😮

[@Theretirementnerds]

Quite the increase 😬

[@Getrichwithme-zz]

I agree that it is unpleasant(((

[@paulet3682]

Spring is great. Fewer bugs.

[@Theretirementnerds]

Sold choice :) 🌱

[@Getrichwithme-zz]

❤❤❤

[@maryrenaud6732]

We need to push the government to limit the increase in Medicare to no more than the same percentage increase (or less) as our COLA.