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"In confusion, one can steal." This is the corporate elite, the greedy CEOs that pay their lobbyists 7 figures to get the ear of politicians who use their power to get more money flowing into their campaign coffers if they pass bills making Americans lives more costly and difficult. Also called: Privatization. For-profit big pharma screwing us all. This was George W Bush's contribution to his greedy rich donor class!!!
And just think the government don’t have to have extra plan D. We pay for government to have better insurance than we do when they retire that’s our government
Only in the U.S. are we allowed to be ripped off on prescription drugs. Taxpayers help fund drug discovery and then end up getting price gouged into poverty.
I was listening concentrating on everything in this video suddenly I cracked up insanely because I was thinking these subject matters are for Medicare covered patients and we are older and understanding or keeping track with all these information is truly completely insane. My mind while watching I’m imagining wondering who in the right mind able to have all these confusing coverage being implemented and put in to law for seniors. Remember seniors have , some of us have a short term memory loss, forgetful, can’t think of everything except our medication , to get into the whole game of Medicare is completely terrible to dealt with. Why can’t be seniors treated simple, direct and easier in every level. It just plain painful and worst we are gonna die sooner than every other age group will. appreciate your time and effort to have your valuable videos out there,.
It can be confusing when first at looking at it. You're very welcome. Thank you for watching. If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
At a time when we are older and slowing in many ways, this process should be far more simpler. The ands, ifs, or buts, and constant changes are truly a ludicrous expectation for seniors to follow. Surely, this can all be simplified! Your video is excellent but really, and perhaps unwittingly, demonstrates how complicated it all is.
OK, got it. I've just enrolled in Yale to get a doctorate in US Medical retirement plans. They've warned me that only 3% of their graduates actually understand all the in's & out's of this and I'd be better off getting a Yale legal degree and joining the lobbyist for healthcare to really take advantage of all of this unnecessary complexity.
One thing not mentioned here is that individual pharmacies can charge whatever they want for meds and you need to shop around to see what other pharmacies charge. The plan I'm on encourages CVS as a preferred pharmacy. I was put on 2 new generic cholesterol medications this year. I went to CVS to pick them up and they tried to charge me more than $400 for these 2 generic meds for 90 days each saying that it was because I hadn't yet met my deductible. So, after researching, I transferred both prescriptions to Costco, who charged me $38/$15.99 for the same 90 day supply meds on the same day. I may never meet my deductible, but who cares? CVS has been involved in lawsuits for price gouging. It pays to shop around.
Yeah, I usually use my Singlcare card. I pay for the lowest priced drug plan-Aetna. I seldom need to use the Aetna drug card. I think I only needed to use it once, as it was actually cheaper for that particular med than using the SingleCare card was. I can’t see paying a ridiculous premium for something I don’t really use! I really preferred using Walgreens with my employer insurances in the past….but now, my drugs are usually cheaper going to Fry’s (Kroger) Grocery pharmacy with my SingleCare card.
You know how all of the Medigap supplement plans that are offered by the various insurance companies are exactly the same plan…just that the insurance companies can charge different prices for the same thing? Why aren’t the Part D Drug plans like that?! Why are they so confusing?! If someone did come down with a serious condition, while under one drug plan, how the heck are they supposed to know which drug plan will cover THAT medication the best?!
This is ridiculous for senior citizens esp those who were not high income earners during their working days and should be exempted from a very convoluted Medicare plan. I buy my meds from coupons or discounts bec it’s cheaper than copays. Whoever is profiting so much from this would definitely answer from his Creator when his time comes.
Only the Government and Insurance Companies come up with this crazy formula. Thanks for breaking it down for us, you are truly the one person I trust on these issues.
If it involves government it will always be complicated. Between government lawyers, company lawyers and who ever else it is that think up these plans it is inevitable for it to confusing. Companies are trying to max out their profits no matter is probably a big part why things are never simple. 😊
They are really good at that, aren't they? If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
The Insurance company's Lobbyist on K-Street. They fund PACs and smooze Congress folks with all kinds of goodies. Perfectly legal by-the-way. It's complicated, research it, and your head will spin. "But there are laws and rules governing the roughly 14,000 lobbyists in Washington who collectively have spent nearly $13 billion since 1998 to influence the government. The difference between right and wrong is defined by where you draw those lines. Spend $49.99 on lunch for a senator and it’s fine. Spend another dime and it’s officially unethical."
I used to not understand why senior get bankrupt eventhough there is so called “Medicare”. Now, I will be one of those seniors that would need medicare soon… This Medicare Part D is very confusing but you explain it very thoroughly. Thanks!
Part D pricing on tier 3,4 and meds was the shocker on the meds currently taking. A&B and supplement premiums was affordable. Unfortunately part D plan premium was also affordable but not the pricing on the formularies on tier 3,4 and 5 . According to two separate brokers the pricing was astronomical out of pocket from 1 through 4 stage . As you stated not many make it through all stages but we will. Luckily we have the financial means to do so. This part ideally needs to change to be more affordable for all.
Thank you for watching! My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
This is the first time I've heard that there are more than one type of Part D plan. I pay a lot more than you mentioned. Right now it's $110.20. Yikes!
Good information! Good RX can certainly help! If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Very informative video. I almost got caught with a over pricing issue. I was recently switching from my former company drug plan to plan D. Seeing the explanation in the video about how the deduction works I ended up calling my insurance agent. After talking with her she contacted the pharmacy I was using and she talked with the pharmacy to see what was causing the over pricing issue. The insurance agent and the pharmacy worked out the issue so that I was able to get a refund. The problem was that the pharmacy had prepared my refill with information from my old company drug plan and not the new information from plan D. The refill sitting at the pharmacy waiting for me to show up to pick it up had a barcode on it that had incorrect information. Now any information that is printed up onto a refill has information based on my plan D information.
Glad it was helpful! Thanks for watching. Feel free to Schedule a free call with one of the MedicareSchool.com Certified Guides on our team to go over your plan options, and enroll with ease. 📞 Click here --> www.medicareschool.com/talk-to-a-guide OR CALL for instant help: 800-864-8890
Here’s something most don’t know. 1. Medicare doesn’t mandate either a deductible or a % co-pay in the gap phase. However, Medicare does place limits on both and most Part D plans charge the max allowable amt. Max 2024 deductible is $545 & 25% co-pay. Some plans charge 25% in the coverage phase. And, Plans can change the tier, the cost and eliminate a medication at any time during the year. So plan D is only a contract trapping the insured bcs “the plan” is free to change the terms of the contract. The only one held to this “so called contract” is the insured. This is BS & absolutely must change!!!
In Wisconsin (and several other States), they have special State run plans which are approved as 'credible coverage' plans in lieu of Part D. In Wisconsin it is called SeniorCare Rx and is $30 per year. I take very few drugs and they are mostly generics so I use this plan and just pay cash for my drugs (they are inexpensive). Someday, if I need to take expensive meds, I can purchase a Part D plan (without penalty) as the SeniorRx plan qualifies as 'credible coverage'.
Hi Marvin! Your videos are extremely educational. Thank you so very much, you are truly an amazing teacher. Do you guys have agent training by any chance?
Thank you for your explanation of a very complex system. The US health insurance and big pharmaceutical companies dominate the system in a corrupt way. The federal government needs to heavily negotiate down the cost of drugs, forbid pharmaceutical benefits management branches of health insurance companies, and not cover very expensive brand drugs at the prices offered by big pharma.
We can help you find the most cost effective options for your Medicare plans. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
I am 69 and can't afford to retire yet. I work for a hospital and have great medical benefits so I only have Part A now. I have epilepsy and have four meds. I got so scared about the possibility of ever having to retire and needing a Part D when I read on the bag of the 90 supply of this one generic med that with insurance I saved $1,580.09!! That generic price alone blows the Eliquis example out of the water. No telling how much my other meds would be. I would hit that donut hole so quickly. Having to pay 25% of the cost of these drugs will be more than I can afford. All I can say is it's been nice knowing everyone, because if I can't afford my seizure meds I will die. It is medically impossible for me to live without my seizures being treated. This should be illegal to do this to people on fixed incomes. Hopefully I can keep working forever I guess.
This is insane. Very confusing for seniors. This needs to be simplified. The patient becomes the loser since the insurance decides to change price during the year.
Plan costs do not change during the year but may change from year-to-year. My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Why is it that NO ONE talks about the plan D late enrollment penalty? If you enroll late you will forever more be saddled with paying the "national" average drug cost+ the 1% penalty for each month you missed + the cost of the private drug plan itself. It is criminal that they add in that "National" average cost because that drives up a $4 - $8 premium by 3x to 4x to like $35 - $50. Absolutely shameful!
I did not sign up for plan D when I started my medicare because I was not taking any meds. Big mistake. A year or so later, when I needed some meds, I signed up for plan D and have been paying an extra charge every month. Right now it's $25 a month extra. These things are not told to us when we sign up for medicare. Just more money for the government!
More money to government for sure!!! In April, my husband got disenrolled because he made a mistake not knowing that premium was unpaid, he has severe glaucoma, didn't see the mail, and I was not around to help as I was out of the country. Insurance company didn't care to reinstate his coverage dispite our much energy and effort trying to get the D plan back. He has few expensive meds which we have been paying out of pocket since April. It has been very painful and expensive. I'd called many places and writing long letters but in vain...I'm still feeling very bitter and mad thinking about the ordeal.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@priscy_kk However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
Regarding your ending comments about not having a Part D when you could have, then starting one up later...Isn't there a permanent penalty you have to pay that goes all the way back to when you started Medicare (or left credible coverage)?
Your videos are, by far, the best source of information on the entire internet. You are a superb spokesman. I do have one question however. At first you said that the $505 deductible doesn't mean that you have to pay the first $505 of drug costs. Later, however, you appeared to be saying exactly that. If I buy a Part D plan and, let's say, have to get a $75 (retail price) prescription filled, will I have to pay the entire $75 initially or just the co-pay? I'm a little confused. Thank you, Sir. David Mills, Huntington, WV
Just the copay until you meet the deductible. If you take low tier or generic drugs, you more than likely won't meet the deductible. He mentioned paying the $505 for someone with an expensive high tier or brand name drug. In that case you will meet that deductible in no time.
If you have any other questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or visit us at www.medicareschool.com
I plan to retire overseas....but keep Medicare going for those times I am back in America (about three months annually). Just in case. Prices are cheaper over there for medication and medical care...and I can bring a bit of it back with me for the short duration. I hope I can do this balancing act!
Great choice. If you have questions, or need help getting your Medicare coverage set up correctly, give us a call at 1-800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
It can be complex. We can help you make sense of it. If you have any questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Medicare nerds like me! It's the puzzle my brain loves and craves and I'm really good at teaching Medicare to people (finally a use for that education degree!) I love the demographic and I love helping them make smart choices for their health and their wallet. Hopefully the changes to Part D help those on expensive scripts. We (agents and brokers) are just now getting first looks at the plans for next year. NO MORE DONUT HOLE!!! YAY!
Part B of Medicare. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Do you offer any advice on how to evaluate a formulary if you are concerned that you might develop a serious illness that may require expensive medications in the future such as a strong family history of cancer even though you don’t have the illness currently?
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Regarding the 4 stages of Co-pay. Do the limits, such as the $505 in stage 1, apply to each medication individually resulting in your medications possibly being in different stages or a total of all you medications.
The deducible typically does not apply to generic medications with most drug plans. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Great channel!! I signed up for part A & B yesterday I’m not on SS yet. I turn 65 in May…Do y’all actually help seniors sign up for Advantage or Gap coverage with a company?
We do help with all enrollment services. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Does your company have a specific department to help your clients who encounter problems/issues that need to be resolved with their supplement coverage insurance or doctor’s office ? A “client services” department like Boomer Benefits has ?
Hi Marvin, Eliquis is the only high cost maintenance drug that I have to take daily via AARP Medicare Advantage plan. What alternative insurances that will help me reduce the Eliquis cost?
I'm planning on retiring early next year. Your videos have been the most informative. I live in NJ. How can I contact your company with (pre?)-medicare questions?
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
It is a crime in these United States that senior citizens have to deal with this nightmare called Supplement Plans, and Part D. It is so complicated for seniors; just when a good percentage start loosing their memory. WE NEED NATIONAL HEALTHCARE IN THIS COUNTRY; JUST LIKE ALL THE OTHER FIRST WORLD COUNTRIES HAVE HAD FOR A LONG TIME!. Instead what do we have the US? A system where we have to pay for insurance companies PROFITS! A system where we have to pay millions of insurance companies 'agents' salaries across the US. Such as this man's companies agents. He says he offers help to seniors for free. HA! BS! We pay a commission to him and his agents every time we pay our premiums for Supplemental Plans and Part D (drug plans). NATIONAL HEALTHCARE NOW!!!!!
@lynfl9814 I appreciate these very informative videos. I do hope you realize that free healthcare does not exist. A national healthcare system would abolish medical insurance premiums but raise taxes. Six of one and half a dozen of the other. Be careful what you wish for. The piper must be paid.
The government would have a difficult problem to implement something that works for ALL. We would have no choice and they would probably decide who and when can get treatment first...
heres a stupid question, first of all, the D plans where i live are $150 a month, NYC. I have no major or expensive medication. Why dont I just walk into the pharmacy if I need a medication and pay him directly?
For my AARP Medicare Advantage Plan 1 (HMO/POS), I was sent a big package when I signed up. Inside that package was a 3 "page" fold-out, titled "Benefit Highlight". On that, it lists the benefits for the following 4 categories: Plan Costs, Medical Benefits, Benefits, and Services beyond Original Medicare and Prescription Drugs. There is also a list of "Vendor Information" that lists the administrators and contact information for the "perks" of the plan, such as Vision, Dental, Hearing, Nurse Line, Transportation for Doctor Visits, Fitness Memberships, Virtual Medical Visits, and Mental Health Virtual Visits.
Is the $4660 max out of pocket per medicine or all medicines combined taken during that year? Also how does the new $35 dollar limit on Insulin work into this equation? I hear Lilly is retailing Insulin for $35 per month. Also wanted to add as FYI, that I went to a prefered pharmacy for a drug and the copay was more than the retail price of the drug at a non preferred pharmacy, somethings not right with these insurance companies and Big pharm.
All medicines combined. Under a Medicare Part D prescription drug plan, if an insulin is a covered insulin product, the $35 cap for a month’s supply for each insulin product applies, as of January 1, 2023. A covered insulin product is one that is included on a Part D sponsor’s formulary. This includes any new insulin products that become available during the plan year. An insulin product might also be considered covered in other instances.
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
It does and it works as a secondary payor to any insurance. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
You said that the drug companies can not take a drug off the list unless the FDA recalls it. But every year I have had lots of times I've called about this and they say they can remove a drug at anytime. I always say that the plan was chosen because of the drugs on their formulary and I agree with what you said about there being a contract but they do not honor that.
You can, but keep in mind that there's no limit or cap to your out of pocket costs for the year with just A&B. If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Hello, I have been saving all of your videos to go back and refer to again when I get closer to applying to Medicare. But there is no way to save this particular video. Is it possible for you to change the settings so I can save this video to my UA-cam watch folder? Thank you!
I am going to be 72 yrs old next month and do not take any medications, my part D has jumped up very high and I can’t afford to pay this! I feel like dropping this plan but then what would I do if I do have to go on meds? Do you have any suggestion that could help me?
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Yes. My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Your videos should be required watching before signing up for Medicare. I have learned so much. I have also wasted my time and large amounts of money signing up for things that I should not have. I paid too much in some cases. I signed up for an advantage plan because I was ignorant and believed what the broker did and did not tell me. And, my problems are not over with yet. Watch ALL the videos.
Turning 65 Jan 2024. So lost about my Medicare. What changes to make. I have Humana gold. Do you know if I will be losing any of my checks. Who ? To check if I qualify for extra help? Over whelmed.
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Thank you!! What a mess, why? Because we have taken out the key ingredient, Common Sense. We are all USA citizens, or what we can call Americans. We have put in our time working fir many years to reach this point of retirement. Whether you worked for the government, retired military service, or private industry. Have one plan for all those who have contributed to our system and earned the right to finish out our lives in peace and hopefully enjoyably. Nothing is for free. We all must work, earning the privilege to enjoy our later years of life. This is not a difficult concept. You are born, live, and work your entire life to be able to enjoy our final years in peace without any cost because we paid our dues. I hope I did not offend anyone, but this is so complicated, lacking common sense!! Thank you! Give all the glory to God! Jesus, I trust in you!
You can contact us now so we can review your situation and see what we can do to help. Feel free to give us a call at 800-864-8890 or schihedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
If I only take out original Medicare A & B but decide not to enroll in any Part D - can my physician then prescribe any medicine for me that he wants to? For instance- original Medicare part d does not approve some of of my medications- such as estrogen for women 65 & older- so I do not want Medicare part d. Having part a & b will not interfere in what descriptions I can get - is that right ? Please help me know this answer
Not having prescription coverage could be detrimental later on. Not enrolling in a Part D plan will result in lifetime penalties if you attempt to sign up for one when you need it. Even if a prescription you need isn't covered by Medicare or any offered plans, it's still wise to sign up for a low-cost Part D plan to avoid penalties. For prescriptions not covered, you can use services like GoodRx, or ask your doctor about coupons or samples that may be available. This way, you maintain coverage and avoid penalties while managing costs for your specific medications.
It looks like AARP (United Health Care) has already almost doubled the monthly premiums for 2024, plan D. I just received the notice yesterday. Premium is going from 32 dollars to 68 dollars for the basic plan. Oh, and they changed the name of the plan? So all the hype on the internet about 2024 plans being less that 2023 is out the window at least as far as AARP plan is concerned. Unfortunately there is, as of this date, no other plans to compare. I guess we have to wait for the open enrollment date to see what other providers will be charging in monthly premiums in 2024.
You have an opportunity to make changes to your Part D plan during the Annual Election Period, Oct 15 to Dec. 7th as these plans can change each year and you can make sure you're in the most cost effective option. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
@@MedicareSchool so ny medicare supp plan n aarp,234.00 in 2024 was 211.00 ,2023 community pricing,medicare gov site says 217.00 for my zip code 10710,so how does one know the real price
What about if someone is using CPAP machine for sleep apnea . Does part D covers equipment such as masks, headgears, filters and the machine itself. Maybe someone can shed some lights on it and share the experience? I would really appreciate.
We have been spending more for years, by a long shot, on premiums than on anything else. Healthy people are subsidizing people who eat junk food, drink too much alcohol, and don’t exercise. Sad but true.
It was a good explanation of how Part D works. I don't really think the video lives up to the somewhat sensationalistic video title - I don't feel that I've learned how to save BIG money and never pay too much. I know you have to attract viewers, but I think there are better ways to word it and still perform well in UA-cam's search function. The whole system is ridiculously complicated and difficult to understand. Personally, trying to exist on mostly just Social Security, I think a plan with a premium, $540 (2024) initial deductible, PLUS a high co-pay for at least one med (Tier 3 medication) PLUS a fluctuating co-pay (I'm sure it fluctuates up, I bet it doesn't go down) in the donut hole, PLUS a flat 25% co-pay in Catastrophic is horrifically complicated, potentially unaffordable, hard to understand, and somewhat scary - why would I want to sign up and pay money for this? It looks like I'm going to have to drop my Tier 3 drug altogether until a generic comes out. It'll be interesting to see if I can outlive the donut hole. In short, tell me you don't really care about senior healthcare without telling me you don't care about senior healthcare! (Not YOU, I'm talking about whoever hammers out Medicare drug policy) It's complicated scenarios like this that drive people to Advantage because it's just *easier*. Of course all of that isn't any fault of yours, but it just goes to show how important it is that every element of your videos delivers on the promise. Or the premise.
Medicare D is already so confusing . Is there a way that you can talk slower especially for seniors who are trying to understand your explanation. Thank you.
UA-cam has settings that will allow you to slow down videos. My team would also be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
If you have questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
there is soo much conflicting info related to the cost of Xifaxin, which I will have to take the rest of my life, am on SS now and three months away from medicare, online forums vary between 900.00 per month to not even being covered...
No, unfortunately it does not. Keep in mind, Not all Drug tiers are subject to the deductible. Some plans have Generic Medications on tier 1 & 2, deductible exempt. Also, when you're in the deductible phase, if you have a medication that applies to it, you pay the retail cost of that medicine, until you reach $505 for the year.
I have an appointment with my GP in October and am requesting 90 day prescriptions for my 2 meds before I go on Medicare Nov 1st. That way I won’t need any meds (hopefully) until next year.
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
There is so much information and many different options so it can become complicated. If you have any other questions, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Yes, Part D plan premiums can be as low as around $10 and go up depending on your medication needs. It vary in different areas and change each year. You can change your Part D plan annually.
No one is ‘happy’ in catastrophic. Why? First, they are very sick to get to this phase. The second reason is you need to pay 5% which on an expensive cancer drug that costs $20,000 prr month is $1,000 per month OOP and their is no cap on what you spend.
I pay $20.00/month for my meds now. July 1, 2023...they will 70.00/month because the part D plan I discussed with (the first guy you hired for) your company doesn't cover one of my medications. A, B, D and G. I will find out after April 10th how much my part B is going to cost😬 Please explain how Good Rx works.
GoodRx is a free prescription drug discount program. Medicare does not see that as credible coverage so simply using that and forgoing a Medicare prescription drug plan will eventually cause you to have a penalty if you later decide to enroll into a Medicare prescription drug plan.
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Shame, shame, shame on the "powers that be" for subjecting seniors to this confusion. Truly pathetic.
I agree, it is not something they can be proud of.
💜 HAVE PART D FROM PLAN JAN 2023 TO NOW. PLAN STATED, THAT IT COULD TAKE ABOUT 2 MO'S,
"In confusion, one can steal." This is the corporate elite, the greedy CEOs that pay their lobbyists 7 figures to get the ear of politicians who use their power to get more money flowing into their campaign coffers if they pass bills making Americans lives more costly and difficult.
Also called: Privatization. For-profit big pharma screwing us all.
This was George W Bush's contribution to his greedy rich donor class!!!
And just think the government don’t have to have extra plan D. We pay for government to have better insurance than we do when they retire that’s our government
Bottom line, leave the USA, become an expat in a country that has universal healthcare.
I can’t believe what this Medicare does to seniors! They should be ashamed of themselves..
Thank you for the comment!
Only in the U.S. are we allowed to be ripped off on prescription drugs. Taxpayers help fund drug discovery and then end up getting price gouged into poverty.
Thank you for the comment.
I was listening concentrating on everything in this video suddenly I cracked up insanely because I was thinking these subject matters are for Medicare covered patients and we are older and understanding or keeping track with all these information is truly completely insane. My mind while watching I’m imagining wondering who in the right mind able to have all these confusing coverage being implemented and put in to law for seniors. Remember seniors have , some of us have a short term memory loss, forgetful, can’t think of everything except our medication , to get into the whole game of Medicare is completely terrible to dealt with. Why can’t be seniors treated simple, direct and easier in every level. It just plain painful and worst we are gonna die sooner than every other age group will. appreciate your time and effort to have your valuable videos out there,.
It can be confusing when first at looking at it. You're very welcome. Thank you for watching.
If you have any other questions, or need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I agree! It's terrible how this country treats seniors 😡
Completely agree!
Truth!
At a time when we are older and slowing in many ways, this process should be far more simpler. The ands, ifs, or buts, and constant changes are truly a ludicrous expectation for seniors to follow. Surely, this can all be simplified! Your video is excellent but really, and perhaps unwittingly, demonstrates how complicated it all is.
So another words - don't get sick!
Stay healthy, indeed!
OK, got it. I've just enrolled in Yale to get a doctorate in US Medical retirement plans. They've warned me that only 3% of their graduates actually understand all the in's & out's of this and I'd be better off getting a Yale legal degree and joining the lobbyist for healthcare to really take advantage of all of this unnecessary complexity.
Lobbyists (their employers) are bankrupting and poisoning the country. Hopefully you are joking.
One thing not mentioned here is that individual pharmacies can charge whatever they want for meds and you need to shop around to see what other pharmacies charge. The plan I'm on encourages CVS as a preferred pharmacy. I was put on 2 new generic cholesterol medications this year. I went to CVS to pick them up and they tried to charge me more than $400 for these 2 generic meds for 90 days each saying that it was because I hadn't yet met my deductible. So, after researching, I transferred both prescriptions to Costco, who charged me $38/$15.99 for the same 90 day supply meds on the same day. I may never meet my deductible, but who cares? CVS has been involved in lawsuits for price gouging. It pays to shop around.
Yeah, I usually use my Singlcare card. I pay for the lowest priced drug plan-Aetna. I seldom need to use the Aetna drug card. I think I only needed to use it once, as it was actually cheaper for that particular med than using the SingleCare card was.
I can’t see paying a ridiculous premium for something I don’t really use!
I really preferred using Walgreens with my employer insurances in the past….but now, my drugs are usually cheaper going to Fry’s (Kroger) Grocery pharmacy with my SingleCare card.
You know how all of the Medigap supplement plans that are offered by the various insurance companies are exactly the same plan…just that the insurance companies can charge different prices for the same thing? Why aren’t the Part D Drug plans like that?! Why are they so confusing?! If someone did come down with a serious condition, while under one drug plan, how the heck are they supposed to know which drug plan will cover THAT medication the best?!
If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
We would love to help you. Give us a call to schedule an appointment: 800-864-8890.
Good insight, the pharmacy can be very important when it comes to drug costs.
This is ridiculous for senior citizens esp those who were not high income earners during their working days and should be exempted from a very convoluted Medicare plan. I buy my meds from coupons or discounts bec it’s cheaper than copays. Whoever is profiting so much from this would definitely answer from his Creator when his time comes.
Only the Government and Insurance Companies come up with this crazy formula. Thanks for breaking it down for us, you are truly the one person I trust on these issues.
You're welcome!
If it involves government it will always be complicated. Between government lawyers, company lawyers and who ever else it is that think up these plans it is inevitable for it to confusing. Companies are trying to max out their profits no matter is probably a big part why things are never simple. 😊
Man, our government can really make things complicated! Who thinks this crap up???
They are really good at that, aren't they? If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Bureaucrats, people you didn't elect!
The Insurance company's Lobbyist on K-Street. They fund PACs and smooze Congress folks with all kinds of goodies. Perfectly legal by-the-way. It's complicated, research it, and your head will spin.
"But there are laws and rules governing the roughly 14,000 lobbyists in Washington who collectively have spent nearly $13 billion since 1998 to influence the government. The difference between right and wrong is defined by where you draw those lines. Spend $49.99 on lunch for a senator and it’s fine. Spend another dime and it’s officially unethical."
This guy is clear and knows about the plans.
Glad it was helpful!
You have to have a lawyer beside you when you go to the hospital
It's crazy isn't it.
I used to not understand why senior get bankrupt eventhough there is so called “Medicare”. Now, I will be one of those seniors that would need medicare soon… This Medicare Part D is very confusing but you explain it very thoroughly. Thanks!
Just pray you never have to take 3 expensive heart meds.
As of this month my husband has already spent $1,900😮.
Anxious for 2025 cap!!! 2:29
Part D pricing on tier 3,4 and meds was the shocker on the meds currently taking. A&B and supplement premiums was affordable. Unfortunately part D plan premium was also affordable but not the pricing on the formularies on tier 3,4 and 5 . According to two separate brokers the pricing was astronomical out of pocket from 1 through 4 stage . As you stated not many make it through all stages but we will. Luckily we have the financial means to do so. This part ideally needs to change to be more affordable for all.
Excellent video on an expensive drug cost. 4 stages of pricing is complex, but again it's the government.
Thanks for watching.
which group is always totally against any improvements votes no every time?guess??
So helpful to understand this complicated “system”. Thank you for teaching it well.
Thank you for watching! My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
This is the first time I've heard that there are more than one type of Part D plan. I pay a lot more than you mentioned. Right now it's $110.20. Yikes!
If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Leave it up to the government to screw us all six ways from Sunday. Thanks for the explanation but those tiers are causing me tears.
Thank you for the feedback!
Thank you. I finally understand it. My MIL’s Eliquis copay is always changing. Now it makes sense to me.
Glad it was helpful, Thanks for watching
i have a stand alone part d and i use GOOD RX! they will take half and even more off you scripts!
Good information! Good RX can certainly help! If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
This has been mind bogglingly hard . Try figuring out tier 3 compound drugs I'm scared to turn 65 next year 😮
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Thank You Marvin You Are Awesome. I Enjoy All Your Videos And Knowledge. 👍
Glad you like them! Thanks for watching.
Very informative video. I almost got caught with a over pricing issue. I was recently switching from my former company drug plan to plan D. Seeing the explanation in the video about how the deduction works I ended up calling my insurance agent. After talking with her she contacted the pharmacy I was using and she talked with the pharmacy to see what was causing the over pricing issue. The insurance agent and the pharmacy worked out the issue so that I was able to get a refund. The problem was that the pharmacy had prepared my refill with information from my old company drug plan and not the new information from plan D. The refill sitting at the pharmacy waiting for me to show up to pick it up had a barcode on it that had incorrect information.
Now any information that is printed up onto a refill has information based on my plan D information.
Thank you for the feedback!
Great info Marvin especially about the formula used for meds. Never really understood it before. I subscribed and a thumb up.
Glad it was helpful! Thanks for watching. Feel free to Schedule a free call with one of the MedicareSchool.com Certified Guides on our team to go over your plan options, and enroll with ease. 📞
Click here --> www.medicareschool.com/talk-to-a-guide
OR CALL for instant help: 800-864-8890
Very awesome video on explaining how the Part D plan works....thank you!!!
You are so welcome!
Here’s something most don’t know. 1. Medicare doesn’t mandate either a deductible or a % co-pay in the gap phase. However, Medicare does place limits on both and most Part D plans charge the max allowable amt. Max 2024 deductible is $545 & 25% co-pay. Some plans charge 25% in the coverage phase. And, Plans can change the tier, the cost and eliminate a medication at any time during the year. So plan D is only a contract trapping the insured bcs “the plan” is free to change the terms of the contract. The only one held to this “so called contract” is the insured. This is BS & absolutely must change!!!
In Wisconsin (and several other States), they have special State run plans which are approved as 'credible coverage' plans in lieu of Part D. In Wisconsin it is called SeniorCare Rx and is $30 per year. I take very few drugs and they are mostly generics so I use this plan and just pay cash for my drugs (they are inexpensive). Someday, if I need to take expensive meds, I can purchase a Part D plan (without penalty) as the SeniorRx plan qualifies as 'credible coverage'.
Yes, that's true for your State and some others that have programs like that but most States do not. I'm glad that program is working well for you.
Good to know thanks!
Hi Marvin! Your videos are extremely educational. Thank you so very much, you are truly an amazing teacher. Do you guys have agent training by any chance?
Glad it was helpful, Thanks for watching. We have our Medicare Guide expert who can assist you .
Thank you! We don't currently offer that content yet.
@@MedicareSchool okay, thank you!
Thank you for your explanation of a very complex system. The US health insurance and big pharmaceutical companies dominate the system in a corrupt way. The federal government needs to heavily negotiate down the cost of drugs, forbid pharmaceutical benefits management branches of health insurance companies, and not cover very expensive brand drugs at the prices offered by big pharma.
Great video. I take elliquis and had to switch plans since the tier changed. You did a great job explaining part d.
Glad it was helpful!
What is the name of your plan
So so helpful , I’m grateful
So glad!
Excellent Explanation
Perfection
Congratulations
Glad it was helpful!
Great explanation! Thanks for sharing this
You're very welcome, thank you for watching!
So, after watching this video, I still don't know HOW to save big money with part D. Tell me HOW.
We can help you find the most cost effective options for your Medicare plans.
If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I am 69 and can't afford to retire yet. I work for a hospital and have great medical benefits so I only have Part A now. I have epilepsy and have four meds. I got so scared about the possibility of ever having to retire and needing a Part D when I read on the bag of the 90 supply of this one generic med that with insurance I saved $1,580.09!! That generic price alone blows the Eliquis example out of the water. No telling how much my other meds would be. I would hit that donut hole so quickly. Having to pay 25% of the cost of these drugs will be more than I can afford. All I can say is it's been nice knowing everyone, because if I can't afford my seizure meds I will die. It is medically impossible for me to live without my seizures being treated.
This should be illegal to do this to people on fixed incomes. Hopefully I can keep working forever I guess.
Some people qualify for the Extra Help program based on income, which significantly lowers their medication costs, and no deductible or coverage gap.
Good video, most detailed explanation of Part D that I've heard. Thanks.👍
You're welcome
Well explained, thank you
You're welcome!
This is insane. Very confusing for seniors. This needs to be simplified. The patient becomes the loser since the insurance decides to change price during the year.
Plan costs do not change during the year but may change from year-to-year. My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Why is it that NO ONE talks about the plan D late enrollment penalty? If you enroll late you will forever more be saddled with paying the "national" average drug cost+ the 1% penalty for each month you missed + the cost of the private drug plan itself. It is criminal that they add in that "National" average cost because that drives up a $4 - $8 premium by 3x to 4x to like $35 - $50. Absolutely shameful!
I did not sign up for plan D when I started my medicare because I was not taking any meds. Big mistake. A year or so later, when I needed some meds, I signed up for plan D and have been paying an extra charge every month. Right now it's $25 a month extra. These things are not told to us when we sign up for medicare. Just more money for the government!
More money to government for sure!!! In April, my husband got disenrolled because he made a mistake not knowing that premium was unpaid, he has severe glaucoma, didn't see the mail, and I was not around to help as I was out of the country. Insurance company didn't care to reinstate his coverage dispite our much energy and effort trying to get the D plan back. He has few expensive meds which we have been paying out of pocket since April. It has been very painful and expensive. I'd called many places and writing long letters but in vain...I'm still feeling very bitter and mad thinking about the ordeal.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@priscy_kk However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@priscy_kk Judith Ann peace is her name
Lookup with her name on the webpage.
@priscy_kk You are welcome
What does your comment have to do with Medicare Part D video?
I have 12 prescriptions should I get plan G or Mark Cuban's company.
We can help calculate that for you. Give us a call to schedule an appointment: 800-864-8890.
Do the drug plans have an out of pocket limit for the consumer?
Unfortunately not, there are stop gap measures to limit costs but there is no defined dollar limit of what you can spend in a year.
@@MedicareSchool Thank you for the information.
Regarding your ending comments about not having a Part D when you could have, then starting one up later...Isn't there a permanent penalty you have to pay that goes all the way back to when you started Medicare (or left credible coverage)?
Yes, if you go 63 days or more without credible Part D coverage m, there's a monthly penalty that accrues.
Your videos are, by far, the best source of information on the entire internet. You are a superb spokesman. I do have one question however. At first you said that the $505 deductible doesn't mean that you have to pay the first $505 of drug costs. Later, however, you appeared to be saying exactly that. If I buy a Part D plan and, let's say, have to get a $75 (retail price) prescription filled, will I have to pay the entire $75 initially or just the co-pay? I'm a little confused. Thank you, Sir. David Mills, Huntington, WV
Just the copay until you meet the deductible. If you take low tier or generic drugs, you more than likely won't meet the deductible. He mentioned paying the $505 for someone with an expensive high tier or brand name drug. In that case you will meet that deductible in no time.
@@erikawright8134 Thank you! I appreciate your knowledge and help.
If you have any other questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or visit us at www.medicareschool.com
I plan to retire overseas....but keep Medicare going for those times I am back in America (about three months annually). Just in case.
Prices are cheaper over there for medication and medical care...and I can bring a bit of it back with me for the short duration. I hope I can do this balancing act!
Great choice. If you have questions, or need help getting your Medicare coverage set up correctly, give us a call at 1-800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Who in the world can remember all of this, not to mention all of the nuances of A, B, C, F, G, N,P and QRSTXYZ???????
It can be complex. We can help you make sense of it.
If you have any questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Lol...!
Medicare nerds like me! It's the puzzle my brain loves and craves and I'm really good at teaching Medicare to people (finally a use for that education degree!) I love the demographic and I love helping them make smart choices for their health and their wallet. Hopefully the changes to Part D help those on expensive scripts. We (agents and brokers) are just now getting first looks at the plans for next year. NO MORE DONUT HOLE!!! YAY!
Are the two required medications also for ophthalmology needs?
Do they require things like Dexcon testing and strips?
Some medications for retinopathy are covered under Part B because they are being administered at an outpatient facility.
Which Medicare "part" covers Durable Medical Equipment (DME)?
Part B
Part B of Medicare. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
So very informative.
Glad you think so! Thanks for watching
Good info
Do you offer any advice on how to evaluate a formulary if you are concerned that you might develop a serious illness that may require expensive medications in the future such as a strong family history of cancer even though you don’t have the illness currently?
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Great presentation but I think coverage of drug 'Tiers' should have been included. Tier for a drug can vary among plans.
Regarding the 4 stages of Co-pay. Do the limits, such as the $505 in stage 1, apply to each medication individually resulting in your medications possibly being in different stages or a total of all you medications.
The deducible typically does not apply to generic medications with most drug plans. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Great channel!!
I signed up for part A & B yesterday
I’m not on SS yet. I turn 65 in May…Do y’all actually help seniors sign up for Advantage or Gap coverage with a company?
We do help with all enrollment services. If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
Does your company have a specific department to help your clients who encounter problems/issues that need to be resolved with their supplement coverage insurance or doctor’s office ? A “client services” department like Boomer Benefits has ?
Hi Marvin, Eliquis is the only high cost maintenance drug that I have to take daily via AARP Medicare Advantage plan. What alternative insurances that will help me reduce the Eliquis cost?
ua-cam.com/video/rSLx-lFr-DM/v-deo.html
ua-cam.com/video/SZjFu4Opleg/v-deo.html
Just apply for medical Medicaid and Medicare.
I'm planning on retiring early next year. Your videos have been the most informative. I live in NJ. How can I contact your company with (pre?)-medicare questions?
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Below Meant to type prescriptions - not descriptions
It is a crime in these United States that senior citizens have to deal with this nightmare called Supplement Plans, and Part D. It is so complicated for seniors; just when a good percentage start loosing their memory. WE NEED NATIONAL HEALTHCARE IN THIS COUNTRY; JUST LIKE ALL THE OTHER FIRST WORLD COUNTRIES HAVE HAD FOR A LONG TIME!. Instead what do we have the US? A system where we have to pay for insurance companies PROFITS! A system where we have to pay millions of insurance companies 'agents' salaries across the US. Such as this man's companies agents. He says he offers help to seniors for free. HA! BS! We pay a commission to him and his agents every time we pay our premiums for Supplemental Plans and Part D (drug plans).
NATIONAL HEALTHCARE NOW!!!!!
Thank you for your feedback!
@lynfl9814 I appreciate these very informative videos. I do hope you realize that free healthcare does not exist. A national healthcare system would abolish medical insurance premiums but raise taxes. Six of one and half a dozen of the other. Be careful what you wish for. The piper must be paid.
The government would have a difficult problem to implement something that works for ALL. We would have no choice and they would probably decide who and when can get treatment first...
What are the plans that cover vision and dental as well
Medicare advantage
heres a stupid question, first of all, the D plans where i live are $150 a month, NYC. I have no major or expensive medication. Why dont I just walk into the pharmacy if I need a medication and pay him directly?
My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Any tips for spireva respirmat or trelegy my $30/mo Humana walmart value as re so unhelpful as i try to find affordable inhalers
Where can we find the formulary?
For my AARP Medicare Advantage Plan 1 (HMO/POS), I was sent a big package when I signed up. Inside that package was a 3 "page" fold-out, titled "Benefit Highlight". On that, it lists the benefits for the following 4 categories:
Plan Costs, Medical Benefits, Benefits, and Services beyond Original Medicare and Prescription Drugs.
There is also a list of "Vendor Information" that lists the administrators and contact information for the "perks" of the plan, such as Vision, Dental, Hearing, Nurse Line, Transportation for Doctor Visits, Fitness Memberships, Virtual Medical Visits, and Mental Health Virtual Visits.
Is the $4660 max out of pocket per medicine or all medicines combined taken during that year? Also how does the new $35 dollar limit on Insulin work into this equation? I hear Lilly is retailing Insulin for $35 per month. Also wanted to add as FYI, that I went to a prefered pharmacy for a drug and the copay was more than the retail price of the drug at a non preferred pharmacy, somethings not right with these insurance companies and Big pharm.
All medicines combined. Under a Medicare Part D prescription drug plan, if an insulin is a covered insulin product, the $35 cap for a month’s supply for each insulin product applies, as of January 1, 2023. A covered insulin
product is one that is included on a Part D sponsor’s formulary. This includes any new insulin products that become available during the plan year. An insulin product might also be considered covered in other instances.
Are there drug plans that are especially friendly for diabetics?
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I still don’t how to pick one that saves me money and I thought that was the title.
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I'm switching from MA to a medigap plan and its not during the enrollment period , will I be able to buy a part D drug plan at the same time ?
You would have to wait until open enrollment, unless you're in a special enrollment period.
Champva also has a prescription drug plan
It does and it works as a secondary payor to any insurance. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
another great video! thanks a lot.
Thanks for watching
You said that the drug companies can not take a drug off the list unless the FDA recalls it. But every year I have had lots of times I've called about this and they say they can remove a drug at anytime. I always say that the plan was chosen because of the drugs on their formulary and I agree with what you said about there being a contract but they do not honor that.
Thank you for your feedback
Starting in 2025 maximum out of pocket is $2,000 per year for medications because of the Inflation Reduction Act.
Right, but the monthly premiums on drug plan I'm betting going to be ridiculous high. 😢
Can be get plan D , only with enrolment to A&B , without to have supplemental plan of any kind ?
You can, but keep in mind that there's no limit or cap to your out of pocket costs for the year with just A&B. If you need help getting your Medicare coverage set up correctly, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Hello, I have been saving all of your videos to go back and refer to again when I get closer to applying to Medicare. But there is no way to save this particular video. Is it possible for you to change the settings so I can save this video to my UA-cam watch folder? Thank you!
Hello, thank you for watching. Here is the link to the video:
ua-cam.com/video/SZjFu4Opleg/v-deo.html
I'm not finding any D plans here in Georgia that is below $65
go to Medicare.gov. It will help in finding the right D plan for you
I am going to be 72 yrs old next month and do not take any medications, my part D has jumped up very high and I can’t afford to pay this! I feel like dropping this plan but then what would I do if I do have to go on meds? Do you have any suggestion that could help me?
My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Can You get D plan without supplemental? I mean A B andD?
Yes. My team would be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Your videos should be required watching before signing up for Medicare. I have learned so much. I have also wasted my time and large amounts of money signing up for things that I should not have. I paid too much in some cases. I signed up for an advantage plan because I was ignorant and believed what the broker did and did not tell me. And, my problems are not over with yet. Watch ALL the videos.
My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Turning 65 Jan 2024. So lost about my Medicare. What changes to make. I have Humana gold. Do you know if I will be losing any of my checks. Who ? To check if I qualify for extra help? Over whelmed.
If you have any questions please, feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Thank you!! What a mess, why? Because we have taken out the key ingredient, Common Sense. We are all USA citizens, or what we can call Americans. We have put in our time working fir many years to reach this point of retirement. Whether you worked for the government, retired military service, or private industry. Have one plan for all those who have contributed to our system and earned the right to finish out our lives in peace and hopefully enjoyably. Nothing is for free. We all must work, earning the privilege to enjoy our later years of life. This is not a difficult concept. You are born, live, and work your entire life to be able to enjoy our final years in peace without any cost because we paid our dues. I hope I did not offend anyone, but this is so complicated, lacking common sense!! Thank you! Give all the glory to God! Jesus, I trust in you!
Very well said, very well written. Totally agree, thank you for expressing the same for me.
I agree 💯%
So if I taje ss at 63 I font need to enroll in A and B but I just have to find a part D and Supplement? Can I apply 3 mths before I turn 65?
Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Can a person contact you guys now to see what’s available to plan ahead or do we have to wait til October?
You can contact us now so we can review your situation and see what we can do to help. Feel free to give us a call at 800-864-8890 or schihedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
If I only take out original Medicare A & B but decide not to enroll in any Part D - can my physician then prescribe any medicine for me that he wants to?
For instance- original Medicare part d does not approve some of of my medications- such as estrogen for women 65 & older- so I do not want Medicare part d. Having part a & b will not interfere in what descriptions I can get - is that right ? Please help me know this answer
Not having prescription coverage could be detrimental later on. Not enrolling in a Part D plan will result in lifetime penalties if you attempt to sign up for one when you need it. Even if a prescription you need isn't covered by Medicare or any offered plans, it's still wise to sign up for a low-cost Part D plan to avoid penalties. For prescriptions not covered, you can use services like GoodRx, or ask your doctor about coupons or samples that may be available. This way, you maintain coverage and avoid penalties while managing costs for your specific medications.
It looks like AARP (United Health Care) has already almost doubled the monthly premiums for 2024, plan D. I just received the notice yesterday. Premium is going from 32 dollars to 68 dollars for the basic plan. Oh, and they changed the name of the plan? So all the hype on the internet about 2024 plans being less that 2023 is out the window at least as far as AARP plan is concerned. Unfortunately there is, as of this date, no other plans to compare. I guess we have to wait for the open enrollment date to see what other providers will be charging in monthly premiums in 2024.
You have an opportunity to make changes to your Part D plan during the Annual Election Period, Oct 15 to Dec. 7th as these plans can change each year and you can make sure you're in the most cost effective option. If you have any other questions, or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
Wellcare cheaper for same coverage
@@MedicareSchool so ny medicare supp plan n aarp,234.00 in 2024 was 211.00 ,2023 community pricing,medicare gov site says 217.00 for my zip code 10710,so how does one know the real price
What about if someone is using CPAP machine for sleep apnea . Does part D covers equipment such as masks, headgears, filters and the machine itself. Maybe someone can shed some lights on it and share the experience? I would really appreciate.
I'm thinking CPAC eqip and supplies covered under Part B. But you should check
@@brendad3570 thanks 🙏
We have been spending more for years, by a long shot, on premiums than on anything else. Healthy people are subsidizing people who eat junk food, drink too much alcohol, and don’t exercise. Sad but true.
It was a good explanation of how Part D works. I don't really think the video lives up to the somewhat sensationalistic video title - I don't feel that I've learned how to save BIG money and never pay too much. I know you have to attract viewers, but I think there are better ways to word it and still perform well in UA-cam's search function.
The whole system is ridiculously complicated and difficult to understand. Personally, trying to exist on mostly just Social Security, I think a plan with a premium, $540 (2024) initial deductible, PLUS a high co-pay for at least one med (Tier 3 medication) PLUS a fluctuating co-pay (I'm sure it fluctuates up, I bet it doesn't go down) in the donut hole, PLUS a flat 25% co-pay in Catastrophic is horrifically complicated, potentially unaffordable, hard to understand, and somewhat scary - why would I want to sign up and pay money for this? It looks like I'm going to have to drop my Tier 3 drug altogether until a generic comes out. It'll be interesting to see if I can outlive the donut hole.
In short, tell me you don't really care about senior healthcare without telling me you don't care about senior healthcare! (Not YOU, I'm talking about whoever hammers out Medicare drug policy)
It's complicated scenarios like this that drive people to Advantage because it's just *easier*. Of course all of that isn't any fault of yours, but it just goes to show how important it is that every element of your videos delivers on the promise. Or the premise.
Medicare D is already so confusing . Is there a way that you can talk slower especially for seniors who are trying to understand your explanation. Thank you.
UA-cam has settings that will allow you to slow down videos. My team would also be happy to assist you with setting up your Medicare coverage correctly. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
I have to take Eliquis and Mounjaro for life.. How much?
My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Definitely need to switch off of Eliquis before my Medicare starts.
If you have questions or need help setting up your Medicare coverage correctly, give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
there is soo much conflicting info related to the cost of Xifaxin, which I will have to take the rest of my life, am on SS now and three months away from medicare, online forums vary between 900.00 per month to not even being covered...
If you have any other questions or need help getting your Medicare coverage set up correctly, give us a call to schedule an appointment: 800-864-8890.
What about planD???
Not part D drug plan. Plan D supplement plan?
I will be eligible for Medicare in November 2023. Is the $505 deductible prorated in the initial year?
No, unfortunately it does not. Keep in mind, Not all Drug tiers are subject to the deductible. Some plans have Generic Medications on tier 1 & 2, deductible exempt. Also, when you're in the deductible phase, if you have a medication that applies to it, you pay the retail cost of that medicine, until you reach $505 for the year.
feel free to give us a call at 800-864-8890 or schedule a free appointment here:
www.medicareschool.com/talk-to-a-guide?rc
I have an appointment with my GP in October and am requesting 90 day prescriptions for my 2 meds before I go on Medicare Nov 1st. That way I won’t need any meds (hopefully) until next year.
How is a person supposed to track this on their own?
My team would be happy to assist you with setting up your Medicare coverage. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com
Why does Medicare have to make everything so complicated?
There is so much information and many different options so it can become complicated. If you have any other questions, feel free to give us a call at 800-864-8890 or schedule a free appointment here: www.medicareschool.com/talk-to-a-guide?rc
Marvin says you need a drug plan, but that can cost as little as $7 to $10 a month.
Yes, Part D plan premiums can be as low as around $10 and go up depending on your medication needs. It vary in different areas and change each year. You can change your Part D plan annually.
No one is ‘happy’ in catastrophic. Why? First, they are very sick to get to this phase. The second reason is you need to pay 5% which on an expensive cancer drug that costs $20,000 prr month is $1,000 per month OOP and their is no cap on what you spend.
Good example of what can happen with higher tier and specialty medications. Thank you for the comment.
@@MedicareSchool Thank you for producing these videos. They are the best on the web, explaining Medicare (and MA) in the simplest manner.
😊@@MedicareSchool
Thanks I liked for u and sub…
Thank you!
Get a Good RX card it’s free and can save you a bundle.
I pay $20.00/month for my meds now. July 1, 2023...they will 70.00/month because the part D plan I discussed with (the first guy you hired for) your company doesn't cover one of my medications.
A, B, D and G. I will find out after April 10th how much my part B is going to cost😬
Please explain how Good Rx works.
GoodRx is a free prescription drug discount program. Medicare does not see that as credible coverage so simply using that and forgoing a Medicare prescription drug plan will eventually cause you to have a penalty if you later decide to enroll into a Medicare prescription drug plan.
@@MedicareSchool I'm going to enroll in part D ...You have taught me well😊