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The Water Cooler
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Medicare enrollment before Dec 7th. Additional plans, costs and penalties.
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<blockquote data-quote="JD8" data-source="post: 3459554" data-attributes="member: 24"><p><a href="https://www.medicare.gov/what-medicare-covers/your-medicare-coverage-choices" target="_blank">https://www.medicare.gov/what-medicare-covers/your-medicare-coverage-choices</a></p><p></p><p>Two General options.</p><p></p><p>Option 1: Traditional Medicare</p><p></p><p>Enroll in Part A (hospital) and B (doctor), then Part D (drug). Then add a supplement/Gap plan (G, F, etc) if you want to have no or very little out of pocket cost as you have 20% Coinsurance (you pay) on your part.</p><p></p><p>You pay nothing for A. You pay $144 a month for B. You pay premiums for your supplement depending on your age, gender and if you're a smoker. Usually starts about $100-$150 a month. Part D pricing varies. You can go here....</p><p></p><p><a href="https://www.medicare.gov/plan-compare/?gclid=Cj0KCQiAnb79BRDgARIsAOVbhRqxwDfBnlSRGpZ2117xsFVArm6RcHCf8E6bL0IoEunesPX3oUUBEAIaAqNGEALw_wcB#/?lang=en&year=2021" target="_blank">https://www.medicare.gov/plan-compare/?gclid=Cj0KCQiAnb79BRDgARIsAOVbhRqxwDfBnlSRGpZ2117xsFVArm6RcHCf8E6bL0IoEunesPX3oUUBEAIaAqNGEALw_wcB#/?lang=en&year=2021</a></p><p></p><p>To compare Part D plans. Highly recommend using an advisor here to help you get on the right plan.</p><p></p><p>Option 2:</p><p></p><p>Get on part C. "All in one" so to speak. <strong>You still pay your part B premiums</strong>. However, most "Part C" premiums are very cheap, if anything. They may cover vision, dental, etc. Your out of pocket costs will vary and is at the will of the insurance carrier you chose. I've seen people get hammered after cancer or a long hospital stay, and I've seen them walk away without owing a dime. Once you are on it, it is tough to get back on original medicare because by the time you figure out most Advantage plans suck, you are too sick to switch back over to medicare <strong>and</strong> get a supplement.</p><p></p><p>The big difference between the two is freedom. You have choices with medicare. Something like 90% of the doctors in the U.S. take Medicare. I think it's like 40% of doctors take Advantage plans. Plus with Advantage plans you are limited to that company's network, just like you were with the under 65 plans everyone has been on for years. So you basically give back any benefit Medicare affords you. Also keep in mind they may deny certain treatments if you want to go a different route. Saw this with several individuals on Advantage plans when they got diagnosed with cancer.</p></blockquote><p></p>
[QUOTE="JD8, post: 3459554, member: 24"] [URL]https://www.medicare.gov/what-medicare-covers/your-medicare-coverage-choices[/URL] Two General options. Option 1: Traditional Medicare Enroll in Part A (hospital) and B (doctor), then Part D (drug). Then add a supplement/Gap plan (G, F, etc) if you want to have no or very little out of pocket cost as you have 20% Coinsurance (you pay) on your part. You pay nothing for A. You pay $144 a month for B. You pay premiums for your supplement depending on your age, gender and if you're a smoker. Usually starts about $100-$150 a month. Part D pricing varies. You can go here.... [URL]https://www.medicare.gov/plan-compare/?gclid=Cj0KCQiAnb79BRDgARIsAOVbhRqxwDfBnlSRGpZ2117xsFVArm6RcHCf8E6bL0IoEunesPX3oUUBEAIaAqNGEALw_wcB#/?lang=en&year=2021[/URL] To compare Part D plans. Highly recommend using an advisor here to help you get on the right plan. Option 2: Get on part C. "All in one" so to speak. [B]You still pay your part B premiums[/B]. However, most "Part C" premiums are very cheap, if anything. They may cover vision, dental, etc. Your out of pocket costs will vary and is at the will of the insurance carrier you chose. I've seen people get hammered after cancer or a long hospital stay, and I've seen them walk away without owing a dime. Once you are on it, it is tough to get back on original medicare because by the time you figure out most Advantage plans suck, you are too sick to switch back over to medicare [B]and[/B] get a supplement. The big difference between the two is freedom. You have choices with medicare. Something like 90% of the doctors in the U.S. take Medicare. I think it's like 40% of doctors take Advantage plans. Plus with Advantage plans you are limited to that company's network, just like you were with the under 65 plans everyone has been on for years. So you basically give back any benefit Medicare affords you. Also keep in mind they may deny certain treatments if you want to go a different route. Saw this with several individuals on Advantage plans when they got diagnosed with cancer. [/QUOTE]
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