7 Things People Get Wrong About Medicare
Вставка
- Опубліковано 30 лип 2024
- When you're getting ready for retirement, you're likely not dreaming about Medicare and how much you'll be spending on health insurance. Medicare can look like a maze, and there are major misconceptions about its costs and coverage.
So in this video, I will discuss 7 things most people get wrong about Medicare!
The basics (0:00)
Number 1 (0:57)
Number 2 (3:07)
Number 3 (4:36)
Number 4 (5:47)
Number 5 (8:45)
Number 6 (10:41)
Number 7 (12:17)
LINKS MENTIONED IN THE VIDEO
HSA & Medicare: • Health Savings Account...
Medicare state pages: boomerbenefits.com/compare-me...
Order 10 Costly Medicare Mistakes You Can't Afford to Make HERE:
www.amazon.com/dp/1735378615/
tenmedicaremistakes.com/
boomerbenefits.com/10-costly-...
GUIDING YOU THROUGH MEDICARE SO YOU CAN MAKE CONFIDENT HEALTHCARE DECISIONS!
WE SPEAK MEDICARE
#Medicare #Medicareexplained #Medicareinsurance
SUBSCRIBE:
Did you learn something new from this video? Subscribe for more helpful Medicare videos! Be sure to hit the bell to be notified when we publish our new Medicare videos: Boomerbenefits.link/subscribe
CONTACT US:
We are licensed in 49 states (we aren't licensed in NY), and we are a top-producing, award-winning agency with over 15,000 5-star reviews from Medicare beneficiaries just like you. Plus, our services are 100% FREE! To learn more, call us at 817-249-8600 or fill out our form on:
boomerbenefits.com
FREE MEDICARE WEBINAR:
New to Medicare? Attend our FREE Medicare 101 Webinar:
boomerbenefits.com/medicare-1...
FREE MEDICARE VIDEO COURSE:
Get our FREE 6-Day Medicare Video Email course with a bonus Medicare cost worksheet: boomerbenefits.com/learn-medi...
FACEBOOK MEDICARE Q&A GROUP:
Join our exclusive Medicare Q&A Facebook group to have your questions answered by Danielle and her team:
/ boomerbenefits
LET’S CONNECT:
/ boomerbenefits
/ boomerbenefits
/ boomerbenefits
/ boomerbenefits
/ boomerbenefits
-~-~~-~~~-~~-~
Watch next: "What Does Medicare Part A Cover?"
• What Does Medicare Par...
~-~~-~~~-~~-~
📌Now that you know 7 things people get wrong about Medicare, you can learn 7 ways to make the most of your Medicare coverage:
boomerbenefits.com/7-ways-to-make-the-most-of-your-medicare-coverage/
📌Join our exclusive Medicare Q&A Facebook group to have your questions answered by Danielle and her team:
facebook.com/groups/BoomerBenefits
📌New to Medicare? Attend our FREE Medicare 101 Webinar:
boomerbenefits.com/medicare-101-webinar/
I wish Medicare hadn't allowed use of the word "Medicare" for the Advantage Plans. It implies they are run by Medicare, not for-profit insurance companies.
It definitely can make it confusing since Advantage plans are offered by private insurance companies, but with that said, they must offer the same benefits as Medicare Parts A and B.
Using that word " medicare " in the advantage plan is definitely a domain name theft, in my eyeballs it's fraud and seriously misleading, especially for the most vulnerable people in our country..thanks to the leaders of our country , they drain your blood while you are still walking..
That’s a good way to convince newbies to Medicare, I’m glad that thanks to this videos I dodged “Medicare “ advantage.
@@mimi1o8 Thanks for watching! Glad we could help!
Very concise and clear explanations. Thank you!
Thank you for your feedback, Ken! 🙂
Great information!
Glad you found it helpful!
I attended your 7 day video self paced introduction to Medicare. My wife and are both 62 and getting a head start on taking advantage educating ourselves. We will continue to check out your excellent content. We plan on working with you when the time comes. Thanks again
That's wonderful, Ken! We're so happy to hear our mini-course was helpful. It's great you are getting started early. We'll be ready to help when the time comes! 😊
Smart move. A process that should be so simple, the govenment makes it so complicated.
@@mare8371 Our mission is to help un-complicate the Medicare maze for beneficiaries!
I bought Danielle's book and it is a great learning tool to understand medicare. I recommend it. Read several books to get a good perspective on medicare choices.
@@billmcfarland2294 We're thrilled to hear you enjoyed 10 Costly Medicare Mistakes You Can't Afford to Make! Thank you for the recommendation :)
Hey, Danielle, the print translation with this video, starting about 3:28, says "school discussing" where it should say "skilled nursing". Don't know if this can be corrected, but thought you should know. Thanks for all the great info you provide!
Great catch, Paula! We will be updating this. Thank you for bringing this to our attention. :)
I agree LTC is an issue and needs to be considered, but the numbers are misleading.
I’m a physician BTW
70% needing LTC is too high. That number includes in home services, and relatively shorter time periods of facility and hospice care at any point.
The 20% requiring lengthy nursing home care is also exaggerated.
Yes these are real risks and we have some LTC insurance, but the great majority of people at age 65 will not need extended long term care. Once you reach 85-90 the numbers do start to rise, but by that time a lot of persons have passed.
Most all of the very old get taken care of in some way, whether it is family, portfolio, or public assistance.
Be more focused on the early and middle years of retirement. That is where I see the most stress as to health issues and costs.
Hi Randolph, thank you for your input. We found these numbers at longtermcare.gov!
@@BoomerBenefits thanks for responding, your numbers were not wrong, just misleading to the average retiree.
As I said the 70% LTC number includes in home services provided by family and professionals and hospice care. Intermediate ALF care is not uncommon, but runs $3-6k per month in Florida where I am.
Expensive LTC can be real, but the numbers are much lower for extended nursing home care, maybe 10-15 % of the advanced age elderly. Also much of this high expense lengthy care is paid for by Medicaid, once assets are unavailable
@@randolphh8005 We appreciate the feedback, Randolph! We completely understand what you're saying. Our statistic is just a general statistic about long-term care that retirees/Medicare beneficiaries should be aware of because, in our experience, many are shocked to find out Medicare does not offer full coverage for these kinds of services. We know there are more variables mixed in, and it may not apply to everyone, but it is something for beneficiaries to know.
@@BoomerBenefits ,
Government representatives who have allowed this to become so complicated and with so many complex rules should be imprisoned for derilection of duties to properly represent us and the funds we contributed for 50 years of our lives. I am disgusted and overwhelmed with the social security process and Healthcare process. And disheartened that the Insurance PAC has found it's way into do many pockets to our detriment.
Hi Merry, we completely understand where you're coming from. Social Security and Medicare can be very confusing, and overcomplicated at times. But that's why we are here! We are here to help navigate you through the Medicare maze and help you feel confident with your healthcare choices. When you near age 65, feel free to give our team a call at 817-249-8600.
We would like to invite you to our Medicare Q&A with Boomer Benefits Facebook group, where you can connect with thousands of other Medicare beneficiaries and share your experiences, and get your Medicare questions asked by our team. Here is the link to join: facebook.com/groups/BoomerBenefits/
We also recommend joining our friend Devin Carroll's Facebook group. Devin Carroll is a Social Security expert, and his Facebook group provides great S.S. information: facebook.com/groups/428684237572614/
Many companies stopped underwriting LTC because it is too expensive and they lose money.
We would recommend visiting www.ltcfeds.com/ for information on long-term care insurance.
Many took premiums for years then defaulted on care, leaving it for state insurance guarantee funds leaving the insured with pennies on the dollars they paid in. It happened to our family and we had to provide for long-term care. Of course the executives and agents made their cut.
I am thinking to switch from advantage plan to supplement plan. I turned 65 this year and I enrolled advantage plan first . I can use this 1year trial period right without underwriting any time within 12 months? Some site says not 60days earlier than trial period ending date. Some agents from insurance companies don't seem to be familiar this right. I live in NJ.
There is a 12-month trial period that can be used. You must meet the certain qualification, but if you do, you may not have to answer health questions to get a Medicare supplement. Call us to see if you qualify! 817-249-8600
boomerbenefits.com/medigap-trial-rights-1-and-2/
I love Boomer Benefits. I never would've been able to navigate Medicare on my own. They did all the heavy lifting and they were an invaluable asset.
Thank you so much for the kind words! We always want to make the process as smooth as possible!
Do you have any videos on what veterans who have VA insurance, and are approaching age 65 should do about Medicare?
Hello - here is a video we did on VA coverage & Medicare. ua-cam.com/video/Y1pCUbN5tcM/v-deo.html
Nicely done.
Thank you, Kenneth! We appreciate your kind words.
QUESTION IF IM ON medicare advantage and turn 65 qualifying for original medicare. Can i after a yr later get on original medicare without going thru underwriting?
Hi Ron, you can return to Original Medicare without underwriting as long as you do so during a valid election period. However, if you are wanting to switch to a Medigap plan, you may need to pass underwriting to be accepted by that plan.
Here is more information:
boomerbenefits.com/medigap-underwriting/
I am retired and collecting SS. I enrolled on Part A only on 65th birthday (3/2020) and have been on my wife's insurance (company over 20 employees) for about 8 years. I now wany to enroll and Part B and buy Parts D and G. When is the enrollment period using the SEP rule? I would like to start the full Medicare program within the next 3 months if possible. Thanks for your help.
Hi Steve - we recommend reaching out to one of our agents to get the right timeline on this. You can contact us at 817-249-8600 or fill out a form here - boomerbenefits.com/find-the-right-medicare-plan-for-me/
Who would we call to get a good long term care policy?
Hi Dell, we recommend contacting Long Term Care Partners for more information! www.ltcfeds.com/
@@BoomerBenefits thanks!
@@BoomerBenefits
Do they have a contact number?
The link leads to a security authentication site.
I don’t have a username or password there because I haven’t ever registered with them.
?
@@dellparker7686 Yes, here is their phone number: 1-800-582-3337
@@BoomerBenefits
Thanks very much!
THEY JUST TRYING TO SALE INSURANCE PERIOD.
Hi David, we are a Medicare brokerage! But, this video discusses a few different things that beneficiaries are unaware of when it comes to Medicare.
Not interested in advantage
That's okay! You can look into Medicare Supplements. You're more than welcome to give us a call at 817-249-8600, and we can shop the plans available in your area for you.