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Watch This Video To Learn About Medicare Basics
Allsup Explains The Parts of Medicare
In this video, we will discuss the parts of Medicare. There are two parts of Medicare: Medicare Part A, which is premium free if you worked and paid into FICA taxes, and Medicare Part B, which has a standard monthly premium. You may pay more if you’re a high wage earner. Medicare has 80/20 coverage, meaning Medicare pays 80% of the cost of the claim and the beneficiary is responsible for the remaining 20%.
Allsup Explains The Paths of Medicare
In this video, we will discuss the paths of Medicare. There are two different paths to Medicare after Medicare Parts A and B. These help pay for the 20% that Medicare doesn’t cover. The first path is a Medigap Supplement plan, also known as Medigap, and a Part D drug plan. Medigap offers plans which typically have a little higher premium, but after you meet the Part B deductible, you have little to no out-of-pocket cost. You then pick up a Part D drug plan for your prescriptions.
Allsup Explains Medicare Enrollment Periods
In this video, we will discuss Medicare enrollment periods. These enrollment periods are covered:
- Annual enrollment period (AEP).
- Initial enrollment period (IEP).
- Special enrollment period (SEP).
- General enrollment period (GEP).
Allsup Explains The Value Of Medicare
In this video, we will speak about the value of Medicare. You might ask yourself, “Why would I enroll in Medicare if I have other coverage available to me?” Compared to employer plans, Medicare premiums can be lower, with some plans available with zero additional premium. This means after you pay your Medicare A and B premiums, you may not have any additional premium cost.
Learn The Value Of Allsup Benefits Coordination Service
In this video, we will discuss the value of Allsup Benefits Coordination service. It can be an extremely valuable service for someone looking to understand more about Medicare and their personal situation.