For the most part, everyone’s heard about Medicare, right? The problem is that many people don’t understand exactly what it is or how it works, which is crazy because everyone who turns 65 signs up for it. You would think that because it’s a government program, for virtually everyone, they would make it clear and easy to understand, but hey, we’re talking about the government here, so it comes as no surprise that it’s about as clear as mud.
This year, in 2021, the Medicare enrollment period is from October 15th through December 7th, so we’re in the thick of things at this point in time. If you’re facing this decision, we want you to be prepared. In this episode, we are going to go through the nuts and bolts of Medicare, including:
- The history of Medicare
- How you qualify for Medicare
- An in-depth breakdown of Parts A, B, C, and D
- What Medigap coverage is
- Why you DON’T want to miss your enrollment period
Choosing Medicare coverage is a big decision. One that can have many pitfalls where you may miss out on getting the correct type of coverage for your needs. Our goal is to help you get on the right path from the very beginning. So, we encourage you to grab a copy of the “Know Your Possibilities Guide,” listen in, and share this episode with anyone approaching 65.
P.S. Looking to meet with Richard or Angela? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life.
“In general, our recommendation, if you can afford it, is Medicare Parts A, B, and D with the G Medigap policy. This is like the Cadillac of Medicare.”
Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.
A Glance at this Episode:
3:26 – Let’s start at the beginning. Why was Medicare created?
4:12 – How exactly do you qualify for Medicare? Listen here for more information.
4:39 – Did you know that you can qualify for Medicare if you are under 65? Press play here to find out the details.
5:16 – If you’re getting ready to apply, here are the details on submitting your application.
6:10 – It’s time to dig in. Start listening now to hear everything you need to know about each part of Medicare.
7:34 – So, how do I know which “Parts” to select? Don’t worry. We’ve got you covered. Start listening now.
9:09 – Let’s go down a rabbit hole. Here are some “gotcha’s” when it comes to picking certain parts. Let’s start with A and B.
9:48 – Here’s what you need to know about Medigap – supplemental coverage.
12:48 – Going further down the rabbit hole, how do we even choose what Medigap coverage to get?
14:17 – Okay, let’s climb out of the rabbit hole we’re in and go more in-depth on Medicare Part C.
16:32 – Let’s talk about Medicare Part D, your drug plan. This is important too, so listen up!
18:56 – APOP Q&A: Should I use a Medicare broker? Great question, let’s discuss.
20:52 – APOP Q&A: Is Medicare mandatory?
22:11 – APOP Q&A: What is the difference between Medicare and Medicaid?
22:45 – APOP Q&A: Can you get dental and vision outside of Medicare?
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Links/Resources Mentioned in this Episode:
“One-size-fits-all” won’t fit you here! The Del Monte Group team understands that everyone’s financial goals are unique. That’s why we always provide customized advice. No matter where you are in life, you can depend on our proven expertise to provide financial planning support for long-term success. Ready to get started? Schedule a meeting with Richard or Angela in our Alamo, CA based office today or we can meet via Zoom! >> You can select a date and time that works for you via our calendar, call us at 925.736.6410, or send an email to Info@APlaceOfPossibility.com. We can’t wait to help you!