Going OIder
E14: Navigating the Medicare Coverage Gap with Jim Going
Jul 01, 2024
Going Older
Three Goings, one episode. "Uncle Jim" offers his expertise in how those on Medicare can navigate the coverage gap.
- 00:00: Introduction and Background
- 03:10: Understanding Medicare
- 07:26: Coverage and Flexibility
- 11:42: Additional Benefits of Medicare Advantage Plans
- 16:19: Considering Costs: Premiums and Maximum Out-of-Pocket
- 22:44: The Future of Medicare
- 25:00: Key Takeaways and Tips
- 30:24: Importance of Education and Asking Questions
Key Takeaways:
- Medicare is comprised of Part A (hospital coverage) and Part B (medical coverage). Original Medicare covers 80% of costs, leaving 20% to be covered by supplemental insurance.
- Supplemental insurance options include Medicare supplement plans (Medigap) and Medicare Advantage plans.
- Seeking education and asking questions is key when navigating Medicare and supplemental insurance options. Agents are paid the same commission regardless of the plan, so their focus should be on providing information and helping individuals find the best plan for their needs.
www.GoingOlder.com
Sponsored by:
Nobody Makes It Alone, LLC
www.NobodyMakesItAlone.com
Produced and Edited by:
Sabrina Hill