medicareexplained

Medicare is Massachusetts is different than every other state in the country. In most states, Medicare Supplement plans are limited to a list of 11 lettered plans. However, in Massachusetts, plans are limited to three options for anyone 65 prior to 2020, and only two options for anyone turning 65 in 2020 or later. This video will go over the Massachusetts specific rules for Medicare Supplement Plans.

Medicare Part A is part of Original Medicare and covers your rom and board in the hospital. It is important to understand the differences between Medicare Part A and Medicare Part B, including the coverage, premiums, and deductibles for Medicare Part A.

Medicare part B is part of Original Medicare and covers your outpatient and physician services Insurance. It is important to understand the differences between Medicare Part A and Medicare Part B, including the coverage, premiums, and deductibles for Medicare Part B.

When choosing Medicare Supplement Plans, one big question many people have is “how do I choose the right Medigap insurance carrier?” Luckily, there are specific laws that Medicare Supplement insurance plans must follow that make this choice a bit easier! Whether choosing Medigap Plan G, Medigap Plan N, or a high deductible plan, there are some safeguards in place, as well as factors to consider, which are reviewed in this episode.

The Medicare Part B premium and deductible goes up a little each year. The 2020 costs for Medicare go into effect on January 1st, 2020. The cost of living adjustment for Social Security increased as well, but is basically eaten up by the Medicare cost increase!

Most people first become eligible for Medicare Part A and Part B enrollment at age 65. Turning 65, however, is not the only time you are Medicare eligible. Often, you can enroll into Medicare Part A and Medicare Part B before you are 65, when you turn 65, or when you are older than 65 and begin retirement. This episode reviews when you are eligible to apply for Medicare.

Medicare has four important parts when you begin your enrollment. It is important to understand the difference between Medicare Part A, Medicare Part B, Medicare Part C, and Medicare Part D. Medicare Part A and Medicare Part B benefits are the same across the board, but under Medicare Part C, things change based on whether you choose Original Medicare with a Medicare Supplement plan, or a Medicare advantage plan.

It is important to understand not only when to apply for medicare enrollment, but also know what your Medicare coverage entails.

In the past, many people did their Medicare enrollment at the local Social Security office. However, with covid-19, enrolling in Medicare can't be done in person anymore. So, how do you enroll in Medicare Part A and Medicare Part B? Learn about your different options to apply for Medicare!