Medicare Supplement or Medicare Advantage? Medicare Explained in 2021

[@stevemlejnek7073]

I had heard that with an advantage plan, you will have reimbursable Medicare coverage for urgent care needs when you are out of the country, even long term. This is apparantly different that supplement care which will provide similar coverage but only for a limited time out of the country, perhaps 60 days.

[@maincoon6602]

Great video 👍🏻👍🏻👍🏻

[@Mary-ui4im]

Excellent teaching!!!

[@rinatomaselli6979]

Thank for ur experience and explain out the Busch ,I will get 65 this year and I do receive the benefits for widows my question ,they going to do automatic my application for it .

[@CardinalAdvisors]

You will need to apply with Social Security

[@billballeza377]

Finally! An explanation! Thank you!

[@grreyesii]

Doesn't advantage plans have deductibles ranging from 3000 up to 6700 out up pocket?

[@CardinalAdvisors]

Yes

[@rinatomaselli6979]

Thanks you for ur info God Bless.

[@CardinalAdvisors]

God bless you

[@rzhang3039]

Explained very well and clear👍

[@CardinalAdvisors]

Thank you

[@Ray3645]

Hi, thanks for the great information. Your presentation is very clear and easy to follow. Can I ask a few questions? 1. Can I make changes from year to year in my various coverages? In other words, if I sign up for Medicare Advantage this year, but decide next year that I'd rather have a Medicare Supplement, can I switch without any hassles? Does the same apply to Dental? For example, can I decline Part D Dental this year, but add it next year? Also, I heard that there is a penalty for contributing to an HSA while on Medicare. Until last month, I was contributing to my company insurance HSA, but I may go onto Medicare within the next few months. What would be the penalty? I cannot find an answer on the internet. Thanks again for the great info!

[@CardinalAdvisors]

Every Fall, there is the annual enrollment period, which allows you to change Medicare Advantage plans or go back to Original Medicare (with no health questions). Or, if you are on Original Medicare, you can choose a Medicare Advantage plan without health questions. Medicare supplement insurance has health questions, so if you went back to Original Medicare during or right after a serious illness, you might not be able to buy a supplement policy. When you first enroll in Medicare Part B, you have a 6 month window of “open enrollment” for Medicare supplement where the insurance company can’t ask health questions. It can be difficult going back and forth if you have serious health conditions. We sell for over 30 different Medicare supplement insurance companies so we can place most people even with health conditions. Dental is easy to move around but most plans have a one year waiting period on major dental work. As far as the HSA and being on Medicare, you are violating the rules of the HSA if you contribute to it while on Medicare. You can spend the money in the HSA after Medicare, just not contribute to it. Thanks for watching and the compliments. Hans text 919-714-3397 or email [e-mail]

[@CardinalAdvisors]

Tricare does work like a Medicare supplement with Original Medicare. Medicare Advantage Part C will not work with Tricare.

[@davidtipton5828]

@@CardinalAdvisors Will you expound on your answer here? A couple months ago I watched another video on this, and thought we would NOT be able to switch back to original Medicare if we went with an Advantage plan at 65 -- unless you answered health questions (and I am presuming they could reject you). Do I have this wrong?

[@CardinalAdvisors]

@@davidtipton5828 if you choose Medicare Advantage when you start Medicare, you have 12 months where you can opt out any month and go back to Original Medicare (no health questions). You can also buy a new Medicare supplement policy during this 12 months under open enrollment (no health questions and no getting turned down). After 12 months, you can go back to Original Medicare October 15th - December 7th or Jan 1 through March 31st (no health questions going back to Original Medicare. The health questions and the possibility of being turned down is applying for Medicare supplement after the 12 month trial period. We can help you with this. [e-mail] 919-535-8261

[@resterAnonyme]

Thanks for the information! How does Tricare work with Medicare? Is it similar to a Medicare Supplement without the cost? How would that work with Medicare Advantage?

[@CardinalAdvisors]

If you’re entitled to premium-free Medicare Part A, you must also have Medicare Part B to keep TRICARE, regardless of your age or place of residence. Once you have both Medicare Part A and Part B, you automatically receive TRICARE benefits under TRICARE For Life (TFL). When you have Tricare for Life, getting a Medicare Supplement or a Medicare Advantage plan is going to be on a case by case basis. We can help you figure out your specific situation if you give us a call. Hans 919-535-8261 [e-mail]

[@bookbeing]

Which state is the cheapest for supplemental plans.

[@CardinalAdvisors]

Most Midwest and Southern States

[@bookbeing]

@@CardinalAdvisors the only reason I'm asking specifics is I'd like to know where healthcare insurance is the least exploitative. What state/county has the lowest premiums because that's the one I will seriously consider relocating to once I'm 65. Health care costs are unmanageable now and getting worse.

[@BW-kv9wj]

Great information. I’m recently retired as a city employee in California. I’m 56 and currently with Kaiser which is paid by the city. We negotiated lifetime medical which I’m pretty sure means the city will cover Medicare costs at 65? Do you have clients in my situation?

[@CardinalAdvisors]

Most likely they will require you to sign up for Medicare at 65 and then they will provide either Medicare Advantage or a supplement to you. Thanks for watching and subscribing Hans

[@BW-kv9wj]

@@CardinalAdvisors I see. Thank you.

[@BW-kv9wj]

@@CardinalAdvisors will they cover the Irma tax?

[@cocolola007]

thanks in advance if u can answer my questions below: i thought once u pick medigap/medicare supplement plan, the govt does not allow you to switch to a medicare advantage plan? is that true? Also my mom currently has medical advantage thru Kaiser in the west coast…. we are planning to move to VA next year, would insurance company ask health ques if she’s staying in the same medicare advantage plan but just a different carrier since VA may not have Kaiser? My mom is also eligible for premium assistance thru state govt, does that make a difference of her picking medicare advantage plan vs medical supplement plan?

[@CardinalAdvisors]

1) You can change back and forth from Original Medicare (plus supplement) to Medicare Advantage. No health questions to go into Advantage. Back to Original Medicare there are health questions for the supplement. In and out of Advantage is limited to October 15th - December 7th unless you move your residence. If you move, any time of year. Your mom can enroll in a new Advantage plan in Virginia, no health questions and the time frame is around the move. You can buy a Medicare advantage plan when you move to Virginia. I can help you with all of it. I’m in 50 states and DC. Thanks

[@grreyesii]

@@CardinalAdvisors What about changing to supplement in Virginia after being on Kaiser in California for over 12 months?

[@CardinalAdvisors]

@@grreyesii You have many options for new coverage because of your move. I’m licensed in Virginia and California. [e-mail]

[@ralphnabozny8494]

What does a widower do after 3 years? the standard deveation gets less

[@CardinalAdvisors]

Ralph. Unsure what changes for a widow or widower after 3 years? Hans

[@anhnguyenghet9093]

Is hearing aids considered under part D? Is it better to have advantage vs supplement to have hearing exam and equipment?

[@CardinalAdvisors]

Many Advantage plans have a hearing aid benefit. Hearing is not part of Part D

[@unitedstatesdale]

Hell , I dont even know what I have anymore. It all gets paid directly out of my bank accounts . UGGGggmm