How to Pick the BEST Medicare Part D Plan

[@Wog68]

Every American should understand that they paid 2.9% of their income on Medicare/medicaid tax. Now they are paying deductible about $50 a month + premium + co-pay. Which is significant amount of your retirement income.

[@jaye8872]

The video was very informative. Thanks for making it.

[@iHealthBrokers]

Thanks Jaye! Glad we could help!

[@actuuaalevythg1295]

Nice Video. Well-spoken presenter, Clear presentation. Thanks

[@iHealthBrokers]

Thank you for the nice feedback!

[@todddunn945]

A couple of comments. First, many (most) plans do not apply the deductible for tier 1 and tier 2 drugs. The amount you spend is applied toward the deductible, but you get coverage from day 1. Second, the costs shown are for the balance of the calendar year from the date you are using the site. In other words, if you use the site on July 1, the costs shown will be for July 1 through December 31, not the full year. You should have stated these things to make the results from the Medicare site clearer.

[@iHealthBrokers]

Thanks for your feedback!

[@aureareyes2771]

I was trying to put my Diabetic test strips lancets, it won’t add to my list n of medications.Pls. help.

[@iHealthBrokers]

Diabetes testing supplies are actually covered under Part B instead of Part D! So they won't show up if you are trying to add medications when comparing Part D plans.

[@peterditzel1731]

Am I misunderstanding something here? On the Medicare site that you’re showing, the yearly drug and premium costs are lower than the monthly premium x 12. This is true for each of the plans you show. This makes no sense!

[@iHealthBrokers]

Can you elaborate? I'm afraid I don't understand your question. Thanks!

[@ericyoung772]

@@iHealthBrokers In the first example, the monthly premium is $7.30. 12 times that is about $87.00. But the annual cost plus drug is shown as being $51.10. $87.00 vs $51.10 is confusing. Do you know why the numbers are like that?

[@mwmilling]

I've been trying to figure that out myself.

[@iHealthBrokers]

Great catch! Sorry we missed it. Although medicare.gov is a great tool, it is definitely not infallible and there can be bizarre miscalculations like this. This is another reason to work with a broker. TY for your question!

[@mwmilling]

@@iHealthBrokers Oddly enough, I've found that the "annual premium plus drug total" may only include one month of premiums in the 2023 worksheets. Could be that I'm doing something wrong. Not sure if that is the case here in your example.

[@wolfgangzeisig6313]

just one question.Who will pay you.

[@iHealthBrokers]

There is no fee for our services. (Although some brokers do charge!) Basically, regardless of how you enroll there is a commission already baked into the monthly premium you pay. When you enroll with a broker or agent, they are paid from that commission. But regardless of how you choose to enroll, your premium will remain the same. Thanks for your question!

[@jboy1757]

Help me understand how paying a monthly premium of $7.30 plus the drug cost equates to $51.10 total yearly cost.

[@Ron4885]

I see the example is showing a Drug deductible of $445.00. Does that mean I have to spend $445.00 of my own money before the plan pays *anything* towards my medications. That seems rather extreme. (am I understanding this correctly)?

[@iHealthBrokers]

Hi Ron. Your are correct. Additionally, the deductible tends to go up yearly and for 2022 it has been set at $480. If you have limited prescription needs, you could purchase an inexpensive plan for a few dollars per month. If you have more extensive prescription needs, there are plans with much lower deductibles or no deductible at all, but they usually have higher monthly premiums. Feel free to call with any questions! 888-410-0344. Thanks for your question!

[@mahmoudhassan3031]

Thank you Sera for the very informative videos. What is the recommended plan to be eligible to admit in hospitals and outpatient clinics? Thank you

[@iHealthBrokers]

Glad to be of help! Medicare Part D will only cover prescription drugs. Here are some options for you: 1. Original Medicare Alone (Part A & B will cover inpatient and outpatient procedures, but not prescription drugs or copays). 2. Original Medicare + Medigap Plan (Part A & B will cover inpatient and outpatient procedures. Medigap/Supplement Plans will cover copays) 3. Original Medicare + Medigap Plan (Part A & B will cover inpatient and outpatient procedures. Medigap/Supplement Plans will cover copays. Part D will cover RX drugs) 4. Medicare Advantage Plan/Part C (will cover all the benefits of Part A & B, may have different copays, may cover RX drugs). There are many options and it can be confusing! No matter what, your inpatient and outpatient needs should be met by Medicare. Please feel free to contact us with any additional questions. You can reach us at 888-410-0344. Often, it can be easier to explain and discuss options via phone.

[@albertwells8503]

I was already confused before I saw this video. Now I’m confused beyond help.

[@iHealthBrokers]

Sorry you feel that way. If you have a specific question, feel free to post. Best of luck!

[@Bowdock]

Bad video. Cost of drug +premium is wrong, and no explanation given. Apparently the Presentor her self did not catch it!

[@Wog68]

Why would anyone offer better than government mandate when a significant representation in government is hell bent on opposing any mandate not even on healthcare?

[@johnlupo3919]

Please stop starting sentences with "SO"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@HungDang-no3pk]

Thanks for your information

[@iHealthBrokers]

You are so welcome!