Podcasts about part b deductible

Medicare Basics: Comparing Medigap Plan N to Plan G The federally-issued Medicare card isn't a complete solution. It's like a good chassis to a car. There are expensive Part A deductibles. Under Part B, you pay 20% coinsurance after the Part B Deductible has been met, with no limit. There are two ways to deal with what Medicare doesn't pay: Medigap and Medicare Advantage. This pod discusses the two most popular Medigap plans, Plan N and Plan G. Also: Two quick updates on what you need to keep in mind now. June 30th is an important date, and there's a COVID update (of course). Buy Maximize Your Medicare on Amazon: https://amzn.to/2HsnMBv Official website for the book: www.maximizeyourmedicare.com GH2 Benefits: https://www.gh2benefits.com YouTube Channel: https://youtube.com/maximizeyourmedicare Facebook Community: https://www.facebook.com/groups/321343075192885/ Please subscribe and rate (5-star please) on Apple Podcasts, TuneIn, wherever you listen to podcasts! Feedback, questions: jae@maximizeyourmedicare.com --- Support this podcast: https://anchor.fm/muchmorethanmedicare/support

Compare Medicare Supplement Plans Here: https://www.seniorhealthcaredirect.com/quote-3/ "Medicare Done Right with MedicareBob" I Thought The Part B Deductible Was Only $198! Medicarebob discusses the Part B deductible and answers the following questions: Why am I getting bills if I have Plan G? What can I do if I already met my Part B deductible? Do I have to pay more than the Part B deductible? For more information on your options, please call: 1-855-368-4717 or visit one of our pages: Website - https://www.seniorhealthcaredirect.com/ Facebook - https://www.facebook.com/MedicareBob/ Podcast - https://anchor.fm/MedicareBob Twitter - https://twitter.com/MedicareBob YouTube - https://www.youtube.com/c/RobertBache?_confirmation=1

Compare Medicare Supplement Plans Here: https://www.seniorhealthcaredirect.com/quote-3/ There seems to be a lot of confusion with the Plan F now that it’s 2020. In this video, Robert Bache “MedicareBob” will be breaking down what is going on with the Medicare Supplement Plan F for 2020. First topic is “Can you keep your Plan F?” The answer is Yes, if you have the Plan F or Plan C before January 1st, 2020 you will be grandfathered into those plans. Medicare’s website states: “Starting January 1, 2020, Medigap plans sold to new people with Medicare won’t be allowed to cover the Part B deductible. Because of this, Plans C and F will no longer be available to people new to Medicare starting on January 1, 2020. If you already have either of these 2 plans (or the high deductible version of Plan F) or are covered by one of these plans before January 1, 2020, you’ll be able to keep your plan. If you were eligible for Medicare before January 1, 2020, but not yet enrolled, you may be able to buy one of these plans.” https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies The next topic is “Should you keep your Plan F?”There has been some serious debate on whether or not you should keep the Plan F or switch to the Plan G or Plan N. The Plan F is a great plan, however with the changes that have been made to the plan, it is not the most cost-effective Medicare Supplement plan. 1. Medical Underwriting. Most people do not realize that in order to switch any of the Medicare Supplements you must medically qualify. Many people are saying they want to wait to switch because they want to wait to see if the premiums will increase with the Plan F. However, if in a year or more you want to switch, it may not be possible because of health reasons. Now, if you already have the Plan F and have pre-existing conditions, you should definitely keep it because the coverage will be much better than a Medicare Advantage plan which will most likely be the only plan you will qualify for. 2. Part B Deductible Increasing. The Part B Deductible is likely to continue increasing. This will also cause the Plan F Premiums to increase at a higher rate than Plan G or Plan N. Let me explain: Imagine that Plan F, Plan G and Plan N all have one million people in each plan and the Part B deductible increases by $20. The one million people in the Plan G and Plan N all pay their own deductible so the insurance company is not going to have to pay any more money for the clients in those two plans. However, the one million people in the Plan F have their deductible paid by the insurance company. So, the Plan F is going to cost the insurance company $20 million more that year because of that increase in the Part B deductible. Who do you think will pay for that? Definitely not the carrier. 3. Guaranteed Issue plan. The Plan F is still going the be the G.I. plan for anyone that is able to purchase the Plan F before January 1st, 2020. Over the next 10 years, anyone that qualifies for a G.I. plan will still be a much older group of people than the Plan G. Statistically, the older we get the more we will go to the doctor/hospital. The more claims in any plan, the higher the premiums. If you have any questions regarding Medicare, please give our office a call at 1-855-368-4717 or visit one of our pages: Website - https://www.seniorhealthcaredirect.com/ Facebook - https://www.facebook.com/MedicareBob/ Podcast - https://anchor.fm/MedicareBob Twitter - https://twitter.com/MedicareBob YouTube - https://www.youtube.com/c/RobertBache?_confirmation=1

Compare Medicare Supplement Plans Here: https://www.seniorhealthcaredirect.com/quote-3/ Plan F and Plan G are Medicare Supplements. They are designed to work with your Medicare, so Medicare pays 80% of your medical bills and the supplement would come in and pay the rest. The Plan F is the "Full Coverage" plan. It covers the 20% completely. You have no bills except for your monthly premium. The Plan G is almost exactly the same and the Plan F, the only difference is that the Plan G doesn't pay Medicare's Part B annual deductible of $198.00. After you meet that deductible, you have no medical bills, everything is covered just like Plan F. There are three main reasons Plan G is a better choice than Plan F: Simple Math: Plan F costs $600 more per year in premium than Plan G, so why pay plan F $600 more when the only difference in benefits is that Plan G has a small $198 deductible? That is just giving more money to these big insurance Carriers for no reason. Rate Stability: No one that turns 65 after 01/01/2020 will be able to purchase the Plan F. This will cause the Plan F premiums to increase quickly. The Part B Deductible is likely to continue increasing. This will also cause the F Premiums to increase at a higher rate than Plan G. If you have any questions regarding Medicare, please give our office a call at 1-855-368-4717 or visit one of our pages: Website - https://www.seniorhealthcaredirect.com/ Facebook - https://www.facebook.com/MedicareBob/ Podcast - https://anchor.fm/MedicareBob Twitter - https://twitter.com/MedicareBob YouTube - https://www.youtube.com/c/RobertBache?_confirmation=1

Hey Medicare Nation! www.TheMedicareNation.com On the Last episode.....I spoke to you about Medicare Supplement Plan "F" and High Deductible Plan F. Today....I'm going to talk about Medicare Supplement Plan "G" and Plan "N" Plan "G" allows you to "purchase" an insurance policy, where you pay a monthly premium to the carrier...... in return...... Medicare Supplement Plan G, will pay ALL your Medically necessary out-of-pocket deductibles, co-insurance and co-pays...... EXCEPT for ..... The Annual Part B Deductible. YOU will be responsible for the Annual Part B deductible each year. Currently.... in 2019, the Annual Part B Deductible is $185.00. So..... when you seek medical care in the beginning of the year.... you will pay out-of-pocket until you hit the $185.00 Part B Deductible. After you pay the $185.00 Part B Deductible....you will NOT be responsible for ANY other deductibles, co-pays or co-insurance under Medicare Supplement Plan G, that are medically necessary under Medicare. Plan "N" allows you to "purchase" an insurance policy, where you pay a monthly premium to the carrier...... in return...... Medicare Supplement Plan N, will pay ALL your Medically necessary out-of-pocket deductibles, co-insurance and co-pays...... EXCEPT for ..... 1. The Annual Part B Deductible ($185.00 in 2019) 2. A co-pay of up to $20.00 for each doctor visit. 3. A co-pay of $50.00 if you go to the Emergency Room and you are "Discharged" from the Emergency Room. If you are "admitted" to the hospital from the ER... you will NOT incur a $50.00 co-pay. If you have paid all of your Part B Deductible, you will have NO other out-of-pocket costs while you are an inpatient in the hospital. 4. If you seek treatment, testing or diagnostic testing from a physician or facility that does NOT accept Medicare, you WILL be responsible for 100% of the cost of that service. The provider or facility can legally charge you 15% above and beyond the Medicare Allowable charge. It is vital that you always ask prior to receiving care, a test or doctor visit....if the physician or facility "accepts Medicare."  If they do.....your charges are outlined above. If they do not accept Medicare..... you may be responsible for ALL of the charges, up to 15% of the Medicare Allowable charge. ASK BEFORE YOU SEE A DR or RECEIVE TREATMENT! Prices for Medicare Supplements VARY by zipcode! Get quotes from MANY different insurance carriers prior to enrolling in a plan. You could save hundreds....sometimes over a thousand dollars a year! HAVE a Question for ME? Send it to me at  Support@TheMedicareNation.com I will answer ALL emails I receive.... personally! If the answer to your question will take me more than 1 paragraph to answer... or .... it is necessary to do some research for you in order to answer the question.... I will respond and advise you to hire me as your consultant. Many of your questions may be answered on the official Medicare website - www.Medicare.gov Always do YOUR Due Dilligence before you enroll in a Medicare Plan! Consider leaving a review & rating on the Medicare Nation Podcast page in iTunes.  http://nation.reviews/medicare8   Thanks for listening to Medicare Nation! Show your Parents how to "Subscribe" to Medicare Nation. With over 100 episodes... most of their questions will be answered by listening to my episodes. This way... your parents are NOT bothering YOU for information about Medicare! Enjoy time for yourself and your family! Teach people how to "subscribe" to Medicare Nation! YOU will be responsible for the Annual Part B deductible each year.

Hey Medicare Nation! It's October! Lots of changes going on in the Medicare landscape. Social Security recently announced the 2019 COLA, and for those of you on Social Security and Social Security Disability, you will be receiving a 2.8% raise in your monthly check. Social Security raise goes into effect January 1, 2019. Social Securtiy Disbility goies into effect December 31, 2018. Some more good news is.....the payroll taxes for Medicare & Social Security are staying the same in 2019. Yeah!! The combined tax rate for Social Security & Medicare will remain at 7.65% in 2019 for employees. The combined tax rate for Self Employed will also remain the same in 2019 at 15.30% When Social Security authorizes a COLA raise, that is the signal that Medicare Part B Premiums may also rise. For 2019, that's exactly what happened. Let's take a look at the 2019 Medicare Premiums & Deductibles. Medicare Part A In 2019, the Medicare Part A Deductible for being an inpatient in the hospital is going up to $1,364.00 in 2019. This means, you will have an out-of-pocket deductible when you are admitted to the hospital as an inpatient, whether you stay for one night or sixty consequative nights. You will have to pay the $1,364.00 each time you are admitted to the hospital, unless you are readmitted to the hospital less than 60 days after you are discharged from the hospital and you are admitted for the exact same reason.  SNF A Skilled Nursing Facility (SNF) has 24hr Medical care and specializes in rehabilliation. A person who had a stroke may be transferred to a SNF, to rehab the loss of sensation in a limb or to improve speech. A person who recently had hip replacement surgery may be transferred to a SNF to strengthen their leg(s) and learn to walk with a proper gait. Under Medicare, the first twenty days in a SNF is a benefit with no co-pay. If a person is required to stay day 21 and up to 100 consequative days, the co-pay will be $170.50 per day in 2019, under Medicare Part A. Medicare Part B Every person, who is a member of Medicare Part B has a monthly premium. For those with an income below the Federal threshold, the Medicare Part B Premium is paid by that individual's State Medicaid Program. For individuals on Medicare Part B, whose annual adjusted gross income is $85,000.00 or less, filing as a single taxpayer, the 2019 Medicare Part B monthly premium will be $135.50 Here is the chart for Medicare beneficiaries with a higher income, who will pay a higher Part B Premium Monthly.   Beneficiaries who file individual tax returns with income: who make Less than or equal to $85,000             $135.50 Married, filing joint returns & make less than or equal to $170,000                                                          $135.50 Beneficiaries who file individual tax returns with income: who make Greater than $85,000 and less than or equal to $107,000                                                          $189.60 Married, filing joint returns & make Greater than $170,000 and less than or equal to $214,000                     $189.60 Beneficiaries who file individual tax returns with income: who make Greater than $107,000 and less than or equal to $133,500                                                         $270.90 Married, filing joint returns & make Greater than $214,000 and less than or equal to $267,000                    $270.90 Beneficiaries who file individual tax returns with income: who make Greater than $133,500 and less than or equal to $160,000                                                         $352.20 Married, filing joint returns & make Greater than $267,000 and less than or equal to $320,000                    $352.20 Beneficiaries who file individual tax returns with income: who make Greater than $160,000 and less than or equal to $500,000                                                         $433.40 Married, filing joint returns & make Greater than $320,000 and less than or equal to $750,000                     $433.40 Beneficiaries who file individual tax returns with income: who make Greater than or equal to $500,000      $460.50 Married, filing joint returns & make Greater than $750,000                                                                        $460.50   Medicare Part B Deductible Medicare has an Annual Part B Deductible.  In 2019, the Part B deductible is going up to $185.00. After you pay your Part B deductible, you will then have to pay 20% of the Medicare Allowable for Part B services. If you are on a Medicare Advantage Plan, you probably didn't even know you had a Part B Deductible. The majority of Medicare Advantage plans absorb the Part B Deductible into their plan. The Majority of Medicare beneficiaries on a Medicare Advantage Plan do not have a Medical deducatible on their plan. I always say......"You Pay as you go." If you currently have a Medi-Gap Plan "F" or Plan "C", you also don't pay out of pocket for the Annual  Part B Deductible. Things will change in 2020, for now.....everyone is good to go.    The Medicare Annual Enrollment Period is here! If you have a question......Email it to me! If I can answer it in one paragraph....I will! If I have to do ANY kind of research, or my answer requires more than one paragraph....then you may need to hire me to consult with you. I presently charge $150.00 an hour for consulting on Medicare issues and comparisons. I can help you with just about anything to do with Medicare. I have vast knowledge in Medicare and I am very fair.  Need help with Medicare? I can help you. Send me an email to Support@TheMedicareNation.com   Things are getting busy with Medicare.  More updates will be coming soon! Until then.....I want each of you to have a Happy, peaceful and prosperous week! Diane Daniels

Medicare Supplement Plan N is also called Medigap Plan N. Medicare Supplement Plan N is a great option for people that want the benefits of having a Medicare Supplement Plan, however want to keep a lower monthly premium. Since the Medicare supplement Plan N has a lower premium than the Plan F and G, it does cover less. There are only 4 out of pocket costs that the Plan N requires you to pay compared to the Plan F. 1. The Part B Deductible. (2018 this is $183.00 for the whole year.) 2. $20.00 Doctor copay. 3. $50.00 ER copay. 4. Part B Excess charges. (NOTE, in Pennsylvania and Ohio, Providers cannot charge Part B Excess Charges. Therefore, especially in PA and OH, Plan N is a GREAT option.) If you are under 70 years old, the price difference between the Plan G and N is usually not enough to choose the Plan N over the Plan G. However, once you are over 70 years old, it might be a good idea to switch from a Plan G to a Plan N.

There is only one difference in coverage between the Medicare Supplement Plan F and the Plan G. That’s right, only ONE. The Plan F pays for Medicare’s Part B annual deductible of only $183.00 and the Plan G does not. However, the Plan G is the most cost-effective plan and I’ll explain why. There are three main reasons Plan G is a better choice than Plan F. 1) Simple Math: Plan F costs, on average, $600 more per year in premiums than the Plan G. Why pay Plan F $600 more when the only difference in benefits is that Plan G has a small $183.00 deductible? That is just giving more money to these big insurance carriers for no reason. 2) Rate Stability: No one that turns 65 after 01/01/2020 will be able to purchase the Plan F. This will cause the Plan F premiums to increase quickly. 3) The Part B Deductible is likely to continue increasing. This will also cause the Plan F premiums to increase at a higher rate than the Plan G.

My name is Robert Bache, MedicareBob. My Insurance Agency, Senior Healthcare Direct helps Medicare Beneficiaries with understanding their Medicare Supplement Insurance options. The 3 most popular and comprehensive Medicare Supplement Plan are Plan F, Plan G and Plan N. Please read below or watch the video below to learn why Medicare Supplement Plan G is my recommendation for 2017. Medicare Supplement Plan F = Full Coverage No Copay No Deductible Any Doctor / Any Hospital Medicare Supplement Plan G = Greatest Value The Plan G will cover you exactly like the Plan F except for one difference. You will have to pay the Part B Deductible, which for 2017 is $183.00. The reason that Plan G is the greatest value is because it is usually $300 to $600 less per year then the Plan F and again the only difference is the $183.00 deductible. So why pay an insurance company $400 just to pay your $183.00 deductible. Plan G just makes more sense. Medicare Supplement Plan N = Not Fixed Plan N is a rea

My name is Robert Bache, MedicareBob. My Insurance Agency, Senior Healthcare Direct helps Medicare Beneficiaries with understanding their Medicare Supplement Insurance options. The 3 most popular and comprehensive Medicare Supplement Plan are Plan F, Plan G and Plan N. Please read below or watch the video below to learn why Medicare Supplement Plan G is my recommendation for 2017. Medicare Supplement Plan F = Full Coverage No Copay No Deductible Any Doctor / Any Hospital Medicare Supplement Plan G = Greatest Value The Plan G will cover you exactly like the Plan F except for one difference. You will have to pay the Part B Deductible, which for 2017 is $183.00. The reason that Plan G is the greatest value is because it is usually $300 to $600 less per year then the Plan F and again the only difference is the $183.00 deductible. So why pay an insurance company $400 just to pay your $183.00 deductible. Plan G just makes more sense. Medicare Supplement Plan N = Not Fixed Plan N is a rea