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Learn all about Medicare late enrollment penalties and how to avoid them. We'll cover crucial deadlines, penalties for missing them, and offer tips for timely enrollment. Don't get caught off guard – watch now to navigate enrollment and avoid costly penalties. Subscribe for more Medicare info. Please call us anytime for free quotes and answers to your questions at 844-945-2166 or visit our website to work with our Medicare Advisors today at https://rates.medicarefaq.com/ #LateEnrollment #Penalties #AvoidPenalties #MedicareEnrollment SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQhttps://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

🤯 Learn more about this topic HERE: https://www.medicarefaq.com/blog/cms-issues-additional-information-on-medicare-prescription-drug-payment-program/ ➡️ Work with a highly skilled Medicare Advisor today: https://rates.medicarefaq.com/ The Medicare Part D Payment Plan is a monumental program beginning in 2025. Once in place, beneficiaries will be able to make monthly payments on their out-of-pocket drug costs rather than paying up front at the pharmacy. WE CARE ABOUT YOUR MEDICARE #medicarepartd #partddrugcosts #medicarepaymentplan SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

🤯 Learn more about this topic HERE: https://www.medicarefaq.com/faqs/differences-between-medicare-and-social-security/ ➡️ Work with a highly skilled Medicare Advisor today: https://rates.medicarefaq.com/ Social Security and Medicare go hand in hand. If you are retiring soon, it is important to know how to maximize your Social Security to make the most out of your retirement. WE CARE ABOUT YOUR MEDICARE #socialsecurity #socialsecurityretirement #medicareandsocialsecurity SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

For the first time ever, 51% of Medicare beneficiaries have switched to Medicare Advantage but WHY? With 31 million people already on board, it's time to explore if Medicare Advantage is your best choice! Check out our video for a breakdown and make an informed decision. Please call us anytime for free quotes and answers to your questions at 888-382-1925 or visit our website to work with our Medicare Advisors today at https://rates.medicarefaq.com/. SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

In 2023, more people opted for Medicare Advantage than ever before! 😳 Join Ashlee Zareczny in this quick, easy-to-follow video as she breaks down Medicare Advantage Plans for 2024. Explore coverage, pricing, and more so you can make an informed decision! 📞 Give us a call at 833-413-1685. ➡️ Work with a Medicare Advisor today: https://rates.medicarefaq.com/ SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

🤯 Learn more about this topic HERE: https://www.medicarefaq.com/medicare-supplements/plan-g/ ➡️ Work with a highly skilled Medicare Advisor today: https://rates.medicarefaq.com/ Let's break down the cost of Medicare Supplement Plan G together! In this video, we show you an example of how much your monthly premium could look like if you enrolled in the popular plan. SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

🤯 Learn more about this topic HERE: https://www.medicarefaq.com/original-medicare/medicare-costs/ ➡️Work with a highly skilled Medicare Advisor today https://rates.medicarefaq.com/ Big changes are coming to Medicare in 2024. As an enrollee, it is important to understand these changes and how you may be affected! Changes to Medicare in 2024 (0:25) 2024 Medicare Costs (0:50) Medicare Part A Cost Breakdown (1:14) Medicare Part B Cost Breakdown (3:01) Medicare Part C Cost Breakdown (3:42) Medicare Part D Cost Breakdown (4:18) Changes to Medicare Extra Help (5:00) Changes to Medicare Part D Catastrophic Coverage Coinsurance (5:45) WE CARE ABOUT YOUR MEDICARE #Medicare2024 #MedicareSupplementPlans #MedicareFAQ SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

Medicare Private-Fee-for-Service plans offer you the ability to see any doctor at a pre-determined cost. These plans offer great benefits, but may not be available in all areas. Private-Fee-For-Service Plans (0:26) Private-Fee-For-Service Plans Networks (0:44) Private-Fee-For-Service Plans Terms And Conditions (1:06) Private-Fee-For-Service Plans Benefits (1:20) Private-Fee-For-Service Plans Out-Of-Pocket Maximum Amount (1:33) Private-Fee-For-Service Plans Costs (1:52) Learn more about this topic HERE: https://www.medicarefaq.com/medicare-part-c/medicare-advantage-plan-pffs/ WE CARE ABOUT YOUR MEDICARE #medicareadvantage #medicarepffsplans #medicarefaq SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CONTACT US: MedicareFAQ has helped over 50,000 Medicare clients save hundreds of dollars by comparing rates online. Get a quote today from 30+ carriers & plans in your area! Plus, our services are 100% FREE! Click this link to get started: https://rates.medicarefaq.com/ CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

The Medicare Annual Enrollment Period is an important time for all Medicare enrollees. During this time, you can make changes to your Medicare Advantage and Medicare Part D coverage for the upcoming year. The Medicare Annual Enrollment Period (0:33) Step 1: Assess Your Current Coverage (0:49) Step 2: Determine Your Healthcare Needs (1:13) Step 3: Review Changes to Your Current Plan (1:42) Step 4: Compare Available Plans in Your Area (2:17) Step 5: Work With A Licensed Insurance Agent (3:06) Step 6: Enroll Before It’s Too Late (3:30) Learn more about this topic HERE: https://www.medicarefaq.com/faqs/medicare-annual-enrollment-period/ WE CARE ABOUT YOUR MEDICARE #MedicareAEP #medicareannualenrollmentperiod #MedicareFAQ SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CONTACT US: MedicareFAQ has helped over 50,000 Medicare clients save hundreds of dollars by comparing rates online. Get a quote today from 30+ carriers & plans in your area! Plus, our services are 100% FREE! Click this link to get started: https://rates.medicarefaq.com/ CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

High Deductible Medicare Supplement Plan F offers the same great benefits as standard Plan F. However, the high deductible allows carriers to charge a much lower monthly premium. Learn more about High Deductible Plan F benefits and Eligibility. Eligibility (0:23) Medicare Supplement Plans Explained (0:49) High Deductible Plan F (1:05) High Deductible Plan F vs Standard Plan F (1:41) Learn more about this topic HERE: https://www.medicarefaq.com/medicare-supplements/high-deductible-plan-f/ WE CARE ABOUT YOUR MEDICARE #medicaresupplement #MedicareFAQ #MedicareSupplementPlanF SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CONTACT US: MedicareFAQ has helped over 50,000 Medicare clients save hundreds of dollars by comparing rates online. Get a quote today from 30+ carriers & plans in your area! Plus, our services are 100% FREE! Click this link to get started: https://rates.medicarefaq.com/ CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

Medicare Supplement High Deductible Plan G offers coverage and benefits identical to the standard Plan G after you cover the high deductible. Medicare Supplement Plans (0:22) Medicare Supplement High Deductible Plan G (0:33) Standard Plan G vs High Deductible Plan G Breakdown (1:07) High Deductible Plan G Pros & Cons (1:57) Learn more about this topic HERE: https://www.medicarefaq.com/medicare-... WE CARE ABOUT YOUR MEDICARE #MedicareSupplement #MedicareHighDeductibleG #MedicareFAQ SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: / @medicarefaq CONTACT US: MedicareFAQ has helped over 50,000 Medicare clients save hundreds of dollars by comparing rates online. Get a quote today from 30+ carriers & plans in your area! Plus, our services are 100% FREE! Click this link to get started: https://rates.medicarefaq.com/ CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/Medic... LET’S CONNECT: https://www.facebook.com/MedicareFAQ

Medicare Supplement Plan F, Plan G, and Plan N are the top three most popular Medicare Supplement plans available today. However, each plan has its own perks to bring to the table. Watch to learn the different benefits of Medicare Supplement Plan F vs Plan G vs Plan N. Learn more about this topic HERE: https://www.medicarefaq.com/faqs/medicare-supplement-plan-f-vs-plan-g-vs-plan-n/ WE CARE ABOUT YOUR MEDICARE #MedicareSupplement #MedicareFAQ #MedicareSupplementPlans SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq CONTACT US: MedicareFAQ has helped over 50,000 Medicare clients save hundreds of dollars by comparing rates online. Get a quote today from 30+ carriers & plans in your area! Plus, our services are 100% FREE! Click this link to get started: https://rates.medicarefaq.com/ CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/ MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ LET’S CONNECT: https://www.facebook.com/MedicareFAQ https://twitter.com/medicarefaq https://www.instagram.com/medicarefaq https://www.pinterest.com/medicarefaq https://www.tiktok.com/@medicarefaq

In this video, we compare Medicare Advantage and Medicare Supplement Plans side by side to allow you to choose the best plan for your needs. Once you have enrolled in Medicare Part A and Medicare Part B, have two options. To enroll in a Medicare Supplement plan or a Medicare Advantage plan. Keep in mind, you cannot enroll in both. Option one includes enrolling in a Medicare Supplement plan and a Medicare Part D plan. Original Medicare does not include prescription drug coverage. That's why you'll want to add a standalone Medicare Part D plan. In addition, you'll want to enroll in a Medicare Supplement Plan, also known as Medigap. This plan will cover additional out-of-pocket costs that you're responsible for paying. Medicare Supplement plans were specifically designed to fill in the gaps in coverage from original Medicare. This includes coinsurance and deductibles depending on the plan you enroll in. Medicare Supplement plans literally supplement your Original Medicare benefits. Option two would be to enroll in a Medicare Advantage plan. Now, it's important to remember that Medicare Advantage is not the same as Original Medicare. These are managed health care plans that are offered through private insurance companies. Medicare Advantage plans do tend to have lower monthly premiums when compared to Medicare Supplement plans. In addition, some may come with ancillary benefits like dental and vision coverage. Most also include prescription drug coverage. Due to the low or zero-dollar monthly premium, you will have to pay more out-of-pocket as you use the benefits When compared to Original Medicare and a Medicare supplement plan, Medicare Advantage plans come with many limitations. These include a limited network of doctors, coverage that will not travel with you, and you need a referral to see a specialist. Visit MedicareFAQ.com to learn more about Medicare Advantage vs Medicare Supplement plans. https://www.medicarefaq.com/faqs/medi... We CARE about your Medicare Join Our Facebook Community: https://www.facebook.com/groups/Medic... Subscribe to our YouTube channel and turn notifications on! https://www.youtube.com/c/Medicarefaq

Medicare Supplement Plan N is one of the most popular Medicare Supplement plans available today. In this video we review we review Medicare Supplement Plan N benefits and how you can utilize the plan. Medicare Supplement Plan N is ideal for those who prefer lower monthly premiums but still wish to have comprehensive coverage. The most significant benefits of Medicare Supplement Plan N include Medicare Part A coinsurance coverage, Medicare Part A deductible coverage, foreign travel emergency benefits, and Medicare Part B coinsurance coverage When you enroll in Medicare Supplement Plan N, the only out-of-pockets you are responsible for are, Medicare Supplement Plan N premium, Medicare Part B premium, Medicare Part B coinsurance, $20-$50 copayments, and Excess Charges (if applicable) If you enroll in Medicare Supplement Plan N during your six-month Medicare Supplement Open Enrollment Period, you do not need to answer underwriting health questions. If you apply for coverage outside of this enrollment period, you may be subject to medical underwriting. This means a carrier may deny you coverage for any reason. We hope you find this video helpful. Resource link: https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-n/ Subscribe to our YouTube Channel and join our Facebook Community. https://www.facebook.com/groups/MedicareFAQ/ https://www.youtube.com/medicarefaq/

Medicare Supplement plans cover the holes left by Original Medicare. If you became Medicare-eligible after January 1, 2020, Medicare Supplement Plan G is the most comprehensive plan available for you. Medicare Supplement plans are standardized by the federal government. This means benefits are the same regardless of carrier. The only difference is the monthly premium. Medicare Supplement Plan G coverage includes the Medicare Part A deductible, Hospice copayments and coinsurance, foreign travel emergency benefits, and Medicare Part B excess charges. The only out-of-pocket costs you will pay when you enroll in Medicare Supplement Plan G are the Medicare Part B deductible and the Plan G premium. If you are newly eligible for Medicare and are within your Medicare Supplement Open Enrollment Period, you can enroll in Medicare Supplement Plan G with no underwriting health questions. If you apply outside of this enrollment period, you may need to go through underwriting. This means a carrier may deny you for any reason. We hope you find this video helpful! Resource link: https://www.medicarefaq.com/medicare-supplements/medigap-plans/medigap-plan-g/ Subscribe to our YouTube Channel and join our Facebook Community.

If you're eligible for both TRICARE and Medicare, it's important to know how the two programs work together. In this video, we explain what you need to know about your coverage options. Original Medicare consists of a few different Parts – A through D. But, how does each part work with TRICARE? When TRICARE-eligible beneficiaries sign up for Medicare Part A and Part B, they automatically enroll in TRICARE For Life. In this case, Medicare works as primary insurance, and TRICARE For Life is secondary. TRICARE For Life helps cover costs Medicare doesn't. These include: • Part A hospital deductible • Part B coinsurance Some TRICARE For Life beneficiaries may enroll in a Medicare Advantage plan to access benefits such as gym memberships, dental, vision, and hearing. Original Medicare (Parts A and B) do not cover these costs. If you choose to enroll in an Advantage plan, it will be primary and TRICARE for Life will be secondary. When receiving care outside of your Advantage network, TRICARE For Life will cover the costs that your plan doesn't pay for. When you have TRICARE For Life, there's generally no need to enroll in a Part D prescription drug plan. TRICARE For Life includes a prescription drug program and there is no additional cost to you. If you have TRICARE For Life and later enroll in a Part D prescription drug plan, don't worry about penalties. Tricare For Life is considered creditable coverage. It's possible to also enroll in a Medigap plan when you have Original Medicare and TRICARE For Life. But, it's not necessary. In this case, Original Medicare will be primary, your Medicare Supplement plan will be secondary, and TRICARE For Life will pay last. As for how TRICARE Prime works with Medicare, when you're under the age of 65 and you have Medicare with TRICARE Prime, you don't need to disenroll. TRICARE For Life isn't mandatory. Those with disabilities on Medicare can remain on TRICARE Prime as long as they're eligible. When you do qualify, you'll get a waiver of Prime enrollment fees or a refund for the past enrollment fee. In another scenario, TRICARE Plus offers the same primary care access as TRICARE Prime. It works the same as regular TRICARE in regards to Medicare because it's still primary coverage. The military clinic or hospital doesn't cover costs or beneficiaries who receive care from non-military health facilities. Before scheduling an appointment, beneficiaries should contact their local military hospitals to make sure they accept TRICARE Plus because each facility decides whether they accept it. Thanks so much for watching! We hope you found this video helpful. Please subscribe to our YouTube channel: https://www.youtube.com/medicarefaq Turn on notifications so you're notified as soon as we upload a new video! Join our Facebook Community Group: https://www.facebook.com/groups/MedicareFAQ

Are you a Medicare beneficiary receiving Social Security benefits? Stay tuned to find out how the 2022 year will affect your cost! In 2022, Social Security recipients will get an annual Cost-Of-Living Adjustment (COLA) of up to 5.9% – the largest increase since 1982. The COLA spike will boost retirees' monthly payments by up to $92 in 2022. This Social Security increase is the first to have matched rising costs more closely. Yet, with the increase in inflation, Medicare's cost has gone up as well. This brings us to the cost breakdown for 2022. The Medicare Part A deductible increases to $1,556 for each benefit period. The standard Medicare Part B premium is now $170.10. Premiums for higher-income individuals are subject to increase. The new Part B deductible is $233, which is a $30 increase from 2021. The good news is that in 2022, the average Social Security recipient will be better off for 2022. Thank you so much for watching! We hope you find this video helpful. Please subscribe to our YouTube channel: https://www.youtube.com/medicarefaq Turn on notifications so you'll know as soon as we upload a new video! Join our Facebook Community Group: https://www.facebook.com/groups/medicarefaq

When you become Medicare-eligible, you may be wondering whether your existing coverage coordinates with Medicare. Whether Medicare will pay primary or secondary depends on the other type of coverage you have. First, it's common for Medicare beneficiaries to work past the age of 65. Most will have employer coverage. So, the major questions are whether you should keep your Medicare coverage while you have employer coverage and, if you do, which will pay first? This depends on how many employees are at the company. When your employer has 20 or more employees, your coverage is creditable for Medicare. However, with fewer, than 20 employees, the coverage isn't creditable. In the latter scenario, you'll want to enroll in Medicare Part B to avoid penalties in the future. With creditable employer coverage, Medicare is secondary and the group plan is primary. Whereas, with a group plan that is not creditable, Medicare is primary and the group plan is secondary. In the circumstance where you're Medicare-eligible due to disability and have employer coverage, possibly through your spouse, the number of employees must be 100 or more for coverage to be creditable. Medicare Advantage plans are considered primary coverage because they pay for your care instead of Medicare. Other scenarios where Medicare is primary: • You have Medicare and a Medicare Supplement (Medigap) plan • You're dual-eligible for and have Medicare and Medicaid • You also have coverage through FEHB, TRICARE, COBRA, retiree insurance, or tribal self-insurance Situations when Medicare pays secondary: • When you have a worker's compensation, liability, or no-fault insurance policy • Active duty with TRICARE As for Veterans benefits and Medicare, the two don't coordinate together. Veterans benefits work at veteran-approved facilities and Medicare works at civilian facilities. Medicare also does not work with the Marketplace (a.k.a. "Obamacare"). If you have this coverage and receive subsidies, unfortunately, you will no longer qualify for them when you become eligible for Medicare. Additionally, it's illegal for an agent to try to sell you a Marketplace policy when you already have Medicare.e All this information can seem overwhelming, but we are here to simplify it for you so you can make the best health care decisions. If you found this video helpful, please subscribe to our YouTube channel and join our Facebook Community Group! FAQ Article: https://www.medicarefaq.com/faqs/when-is-medicare-primary/ Our YouTube Channel: https://www.youtube.com/medicarefaq Our Facebook Community: https://www.facebook.com/groups/MedicareFAQ

Are you a Medicare beneficiary with a recent change in circumstance? If so, don't go anywhere! We're here with everything you need to know about Special Enrollment Periods for Medicare. Medicare involves many different types of enrollment periods and Special Enrollment Periods apply to every part of Medicare. You're eligible for a Special Enrollment Period when you have a qualifying life event. Depending on the type of life event that occurs, your Special Enrollment Period will come with its own rules and timeframe. We'll go over the most common ones next. The most common qualifying event for Special Enrollment Periods is the loss of employer coverage. Many people continue to work past 65, so it isn't a surprise that this is the circumstance that happens most often. When you delay enrolling in Medicare under this circumstance, you're eligible for an eight-month Special Enrollment Period. If you choose to delay Medicare while you continue to work past age 65, make sure your coverage is credible. To be creditable, the employer must have 20 or more employees. If your coverage isn't creditable and you delay enrollment, you'll be subject to a lifetime penalty on top of your Part B premium. This penalty goes up for every 12 months you delay. Your eight-month enrollment period begins when your group plan coverage ends. The documents you'll need to enroll in Medicare when you previously had creditable group coverage are available 100% online. Most people enroll in Part A while they are still working (because it's premium-free). But you can later enroll in Part B and fill out and submit the form you need to do so, which you can obtain online. The form to prove that you had creditable coverage through your employer after becoming eligible for Medicare will need to be completed by both you and your employer. Another qualifying event is relocation. Some circumstances that qualify you for a Special Enrollment Period for Medicare Advantage or Part D are: • Moving out of your plan's current service area • Entering or leaving a long-term care facility – this Special Enrollment Period lasts the duration of your stay at the institution plus two full months after you move out • Release from incarceration Additionally, if Medicare fails to renew or terminates your Advantage or Part D plan, you're eligible for a Special Enrollment Period. The next circumstance is becoming eligible for Extra Help with Part D. This Special Enrollment Period is only available during the first nine months of the year because the Annual Enrollment Period runs from October through December. If a New Advantage or Part D plan with a five-star rating is available in your location, you'll get a Special Enrollment Period to enroll in the plan. Less common qualifying events: • No longer eligible for Medicaid • Eligible for a Medicare Advantage Special Needs Plan • Losing another form of drug coverage Now that you know about the different types of SEPs, here's how to be prepared: • Notify your carrier of the changes ahead of time if possible (can extend timeframe) • Know the window of opportunity you have for the SEP you qualify for • Have the forms you need ready • Shop around and become informed about plans Thank you for taking the time to watch our video! We hope you found it educational. Please see the links below. FAQ Article: https://www.medicarefaq.com/faqs/medicare-special-enrollment-periods/ Our YouTube Channel: https://www.youtube.com/medicarefaq Our Facebook Community: https://www.facebook.com/groups/medicarefaq

Before you retire, it's important to explore all your options when you become eligible for Medicare. For federal retirees, this can be a bit tricky. In this video, we go over your options if you're eligible for both Medicare and Federal Employee Health Benefits. Active government workers and retirees are enrolled in the Federal Employee Retirement Health Benefits (FEHB) program. This program covers both inpatient and outpatient services, just like Medicare. This is why some beneficiaries who are eligible for both are confused about whether they need to enroll in each program. For the most part, those enrolled in FEHB don't need to enroll in a Medigap, Medicare Part D, or Medicare Advantage plan because their benefits already include this coverage. However, because FEHB benefits are expensive, those who are newly eligible for Medicare wonder how they can coordinate their coverage to reduce their out-of-pocket costs. There are a few ways to do this. The first way is to enroll in Part A to supplement your FEHB benefits. More than likely, you worked 40 quarters or 10 years and paid into Medicare throughout those years, making you eligible for premium-free Part A. You can also become eligible in Medicare Part A through your spouse if they've worked for 10 years. Enrolling in Part A will give you extra coverage for any inpatient medical expenses you incur. Your FEHB will be primary and Medicare Part A will be secondary. You'll save money by not paying the monthly Part B premium. The downside is you'll pay copays for your out-of-pocket services. Compare the cost of the Part B premium to what you could be spending in copays to determine which option will save you the most money. The other downside is if you delay enrolling in Part B, you'll incur late enrollment penalties since FEHB is not considered creditable coverage through Medicare. So, an additional 10% will be added to your premium for every 12 months you went without coverage. Your other option is to enroll in Part A and Part B to supplement your FEHB benefits. With this combination, you're paying for both FEHB and Medicare. Medicare is your primary coverage, and FEHB is secondary coverage. Your FEHB acts as a supplement plan and covers deductibles, copays, and coinsurance. With this combination, you can see any doctor that accepts Medicare and you'll even have some additional benefits under Part B that FEHB does not cover. Also, since FEBH includes prescription drug coverage, you wouldn't need to enroll in Part D. The third way to do this is to enroll in Part A and Part B with Medicare Advantage or a Medigap plan, suspending your FEHB coverage. The reason Medicare beneficiaries go with this coverage is that they determine this combination would cost less than keeping FEHB. We go into some frequently asked questions in this video as well! Please go to 3:07 for the answers. We hope you found this information helpful! Please subscribe to our channel, join our Facebook Community, and check out our article below. FAQ Article: https://www.medicarefaq.com/faqs/medicare-for-federal-retirees/ Our YouTube Channel: https://www.youtube.com/medicarefaq Our Facebook Community: https://www.facebook.com/groups/MedicareFAQ