Medicare vs Private Insurance - What makes more sense in 2022?

Enrolling BEFORE Turning 65:

Enrolling AFTER Turning 65:

If you are approaching 65 and thinking about Medicare it's important to know that it isn't the best option for EVERYBODY. It is not a hard and fast rule that you must start Medicare at 65. In fact, for a certain group on people it would be a huge mistake to start Medicare without looking at the the details behind the decision. Your private insurance may make for more sense than Medicare for you and your family. In this video we're gonna show you how to make a direct comparison between Medicare and Private Insurance (Or an Employer Group).

In this video we will cover the following topics:

1. A couple of TRUE stories about people who made the wrong choice
2. The 4 KEY factors you need to consider when making this decision
3. A couple of potential issues with leaving your employer group
4. Some quick numbers that may help you make an easy decision
5. How to make the switch to Medicare if would be better than Private insurance
6. Some Really helpful tips and tricks when you are considering this switch

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[stephenstone]

Very informative video Marvin, especially because I am in that situation. I learned that I need to keep my company insurance as my wife (63) is covered under my policy. When she hits 65 though it's Medicare for us which will save us a bundle on insurance.

[TrueHafiz]

Thanks for the video. I need your answer please. My spouse is on my employer insurance plan. Last year I was thinking to retire, so before retirement my spouse was enrolled in Medicare Part A and Part B and part D. later, I changed my mind and didn’t retire. I keep my employer insurance paying $363/month for me and my spouse and also paying for her Medicare Part B and D. Do you think should I just keep my employer plan for me paying $72/month and let her be on Medicare which I am paying anyway?

[genacat]

I have a question. Me and my partner had to go to court because my son is on public assistance and the court asked us to put our son on private insurance or to be put on child support.
My question is. If we choose private insurance. Do We have to cancel public assistance and what happens after we choose private insurance for our son instead of child support.

[stevenmyers]

Question - I am 66, my wife is 60. I retired early at 62 and I'm on SS. My wife's employer insurance is very good and covers me too for free. She plans on working there for 8 to 10 more years. At 65, I enrolled in Medicare Part A only (not Part B), I was told I might as well because it's free and I'd already be in the system. Did I make the right move, and do you foresee any problems for me in the future? I love your videos. Thanks.

[steveludwig]

I only signed up for Part A at 65 (2020) as my wife's insurance covered me. Can I add Part B and supplement plans before she retires and if so, what is the "window" to do so? Thanks!

[Imsaved]

What you failed to mention is that if you go on Medicare and are married, you will have to pay for yourself and your wife for the same plan. That is roughly 375.00 which is more than private insurance.

[jonmunch]

Well if you are a hospital, you should place a higher priority on those with private health insurance. Medicare doesn't reimburse very well and after 75, you are a money pit.