The ABC’s of Medicare

It is open enrollment season for Medicare! On today's show, we are going to discuss Medicare with expert Ray Martin. We will be covering the different types of plans, premiums, and tips you should be aware of as you reach age 65 and beyond. 

 

Read and get additional financial information: https://doncashpodcast.com/podcast/the-abcs-of-medicare/

 

More Resources: 

A Brief History of Medicare -

https://www.medicareresources.org/basic-medicare-information/brief-history-of-medicare/

Medicare Handbook –

https://www.medicare.gov/medicare-and-you

The Nuts and Bolts of Medicare Book -

https://martinmedicare.lpages.co/fmbcom/

 

What we discuss: 

0:45 – Our guest Ray Martin

2:27 – Medicare basics

4:09 – Part A and B Medicare

5:44 – True universal coverage

6:54 – Premium for Medicare

10:20 – Working past 65

12:36 – Medicare supplements

15:22 – Medigap policies

17:18 – Medigap premium range

20:19 – Irmaa surcharge

21:46 – Medicare advantage plans

27:15 – Advantage plans and out of pocket expenses

29:45 – Key dates Oct 15th – December 7th

33:15 – After open enrollment

36:35 – Big limitations with switching

37:34 – Part D prescription drug plan

41:04 – Mistakes to avoid during open enrollment