Secret Medicare Plan Saves You THOUSANDS! Why is NOBODY Talking About This? 🤔

Are you struggling with medical debt despite being on Medicare? In this informative video from Medicare School, Marvin shares a little-known Medicare plan that can save you thousands of dollars in out-of-pocket costs. He explains why many Medicare enrollees on Medicare Advantage plans end up in medical debt, particularly those with lower incomes, and how copay protection plans can help offset these costs.

Marvin also discusses the importance of choosing the right Medicare plan for your needs, whether it's traditional Medicare (A and B) with a supplemental plan, or an Advantage plan with copay protection. He provides valuable insights and advice on navigating the complex Medicare system and avoiding financial pitfalls.

If you're looking for ways to save money on healthcare costs and want to learn more about this secret Medicare plan that nobody is talking about, this video is a must-watch. Don't let medical debt hold you back – take control of your healthcare costs and protect your financial well-being with the right Medicare plan.

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#medicare #retirement #medicareschool #supplementplan #medicaresupplement #retirementrealtalk #retiring

[laurirohr]

Many elderly people have retired and get low Social Sec payments.
None of it is affordable!
We need universal health care in America!
Seniors worked their whole life & deserve it.
Sick of the corruption & greed preventing care.

[pkendlers]

You are providing great information to the people. People in this country have no idea what they are getting into when they retire and go on Medicare. Special place for you in Heaven for clearly explaining this.

[TJC]

I turn 65 in January. To me, the Advantage plan reminds me of my previous employer plan. The MooP is what scares me to death. I had a major ear surgery in June of '22 which involved a neurosurgeon along with my ENT Dr. The neuro wanted me to have a complicated MRI done. It would have cost me 3k out of pocket. I didn't have the MRI done bc I couldn't afford it. Then, after the surgery, I got hit with a $4900 bill, my MooP. Couldn't afford to pay this in one shot either, so now, I'm still making monthly payments on that bill. Because of this, I'm going to go with Supp Plan G. I'm in pretty good health otherwise, on no meds, but you never know. I spoke to Victor the other day from Medicare School and he was very helpful. I have a follow up with him in Oct.
Thank you Marvin, so glad I found you on FB. You're info has been so helpful. I would have been so lost without it.

[stevencarroll]

Im a newly licensed broker, and I cant begin to tell you how informative your videos are. My sister turned 65 last year and went with a Plan N because she did her homework watching your videos. Thank You.

[RS-bnrx]

On Medicare for Seven years now.. moved from Advantage to Supplement Plan with high deductible.. no broker ever referenced or introduced me to this Advantage co-payment protection plan.. and no friend ever discussed it either, which tells me that they are not aware of the plan either.. thumbs up to your initiative 👍👍

[peterhoffman]

This is new information to me! I just went on Medicare a few months ago and am completely happy with my plan (not C) but for those people who are new to Medicare Advantage in particular this is Fantastic information! Thank you so much for telling folks about this!

[Maltojo]

Excellent Video. This is new to me! I start Medicare next week (May). I had to go with an advantage plan because I just can't stand paying @ $250 for a supplemental + drug plan. And my MOOP is $6, 700! Went up from last years $5000. Ugg. However, where I live almost all doctors in the state are under the HMO, and if a specialist is in the HMO, no pre-authorization is required. And in my particular case the drugs I am prescribed (so far) will cost me $0.
I would have liked to gone with a gap plan, but just could not rationalize it, in my scenario. Glad to hear there is something there to cover the Plan C co-pays!!!! Thank you!!!

[liveslisa]

This video is the best Medicare tutorial I've seen! Thank you! I'm turning 67 at the end of the year. I got talked into an Advantage Plan when I signed up for Medicare. I say talked into because I found it all so confusing. I figured the medical establishment is going to get money out of me one or another. So far I've been ok with my Advantage Plan. I'm paying very little out-of-pocket. Part D for prescriptions drives me a little crazy because sometimes I pay $0 and the next month could be $100-$200. None of that makes sense to me. The pharmacy can't explain it either. Fortunately, I have an HSA for which I was smart before I retired and I moved 2/3's of the HSA money into an ETF so the money could grow. It has tripled! I'm going to stick with the Advantage Plan because it isn't giving me heartburn and since I'm not starving, the pay as I go makes sense. I tell people who are still working to stay out of debt, and to save and invest money. That's how you are going to survive all of this.

[DLTJR]

You are the best resource on YT for Medicare and Advantage plans. I appreciate it.

[saulflores]

We can afford a supplement plan G but it’s the drug plan that is astronomical as a retiree. We were quoted by two brokers 1300.00 just for the drug plan. Yes I understand it’s regarding the current meds tiers. Luckily if this is our only option we have our 401 & 403k to cover this. Unfortunately not many can or have the luxury to do so. Something needs to drastically change to make the drug plans more affordable for all.

[michaelbdavis]

You have been so much help to my wife and me. For truly low income seniors woud you discuss "Extra help" from SSI? Thanks. We have A B D and supplemental but we are barely holding on. We will never qualify at age 70 and many health problems. We receive really good care. We also were very lucky to be on traditional Medicare. We have 80. 00 to much income to qualify for "Extra Help".

[paulawhitehead]

Thanks for the information. The more I listen, the more I understand how this work.

[Norm]

Medicare Advantage plans are great if you are relatively healthy. I have been in one since I turned 65 and I am currently 80 YO. I go to my eye doctor, internist, and dentist once a year. In my plan my internist is no charge, my eye doctor is a $50.00 co-pay and my dentist gets paid $100.00 towards my annual cleaning and exam.
My diabetic supplies and my three prescription meds are free. I also get $200/year in OTC items free. My maximum yearly deductible is around $6, 000. So far I haven't had to use my deductible. If you have many health care problems a supplement is probably best

[anitamanuel]

Thank you for this information. I have not heard the financial breakdown like this before.

[Colt-iiqn]

Thank God for this man as these videos helped me make the right decision. Thank you Sir 🙏🏻🙏🏻🙏🏻

[YohielSpeaks]

Can it be any more complicated??? All these rules and specifications are clearly NOT written to assist seniors. The system is rigged; it's a freak show, and we all have a front row seat. Thanks for your helping hand in attempting to make sense out of the senseless!

[janeblue-tshq]

NEVER enroll in Medicare with anything other than traditional Medicare with a gap policy. Why? Because just one emergency room admission can cost thousands, and if any part of that admission includes treating physicians or treatments that involve entities who are out of network, you will owe thousands. In addition, you may have limited choices about doctors and treatments, because many providers do not take Advantage plans. With traditional Medicare plans and a proper gap policy, all hospitals and all doctors in every state who treat Medicare patients (about 97% of all US providers) must treat you and accept payment with no further cost to you. One accident, one illness, one diagnosis of cancer, one wreck, all carry thousands of treatment costs. Advantage Plans carry many extra costs, and limited providers. With traditional Medicare and about $100 to $200 a month (depending on your age) for your G level gap policy, you are fully covered any where, any time with no additional cost. Surgery, radiation, ER visits, skilled nursing, nursing homes, PT, OT and more are covered, with no copays. Even if an ER admission is just for a broken finger or sprained ankle, your x-rays and facility fees in an Advantage plan will exceed what you would have paid in a year for the traditional Medicare policy with a standard G level medigap plan. Further, if you start your Medicare years by choosing an Advantage plan, and then you decide to switch to the standard Medicare with a gap plan, you will have to forever pay a penalty. Advantage Plans are not what TV would have you believe. They sound good, and the insurance company makes money from them, but the consumer is the one paying in the long run, when they owe thousands, and are denied a full range of options for treatment. Have a broker explain this to you before you sign up in the very beginning, and no, I am not a broker.

[annehersey]

I love my Supplemental plan E (or F I forget)! Within months of going on Medicare, I was in the hospital for a week and skilled nursing facility with specialist, medical transportation 30 miles one way twice. I never saw a bill but I can imagine how high it was. I never paid one penny for the anything!

[robannmateja]

These videos are a great service. Thank you! Personally, I am opting for the medigap route, starting in Jan. I count my blessings in having a well funded HSA that I can lean on (sadly, can no longer contribute due to Medicare rules regarding HSAs and the 6 month look back period), but I can invest it, which I will do, and use to pay deductibles for a high deductible G plan. What worries me greatly about the Advantage plans, aside from the out of pocket expenses, is the "medically necessary" clauses in the Evidence of Coverage for these plans, as well as the related authorization requirements. That, plus so many well respected providers are shunning certain Advantage Plan carriers, such as the one that my company offers its retirees. So as attractive as the 0 premium is, I'm not going that route. I so agree with everyone who commented regarding how ridiculously complicated this entire medicare calculus is, and feel for seniors since they are a vulnerable segment of our society who have contributed so much, but are now faced with these burdensome decisions. Thank you so much for making it better for these folks with your informative videos.

[rnp]

Think they just sent Ukraine $200 billion dollars instead of helping the elderly here that couldn’t afford there bill