Here’s How Much You Would Pay With Medicare | ER Visit | Advantage vs Supplement

We look at actual costs for an ER visit and 3-day inpatient hospital stay to show you how much you could to expect to pay if you were covered by Original Medicare only, a Medicare Supplement Plan G, and a Medicare Advantage Plan. The costs may surprise you.

Where to download the Medicare IRMAA Cheat Sheet:

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⏰ TIME CODES ⏰
0:00 The Setup
0:20 The Ambulance Ride
1:40 The ER Visit
4:33 Monthly Totals
5:52 Annual Totals
7:42 Network Consideration
8:34 Longer Term Costs

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#medicare #theretirementnerds #advantagevssupplement #retirementnerds #finance

Federal Disclaimer:

[Red]

We are very satisfied with Medicare original with supplemental plan f. Two heart attacks, and breast cancer for a year of chemo at no cost other than monthly premiums.

[gerriperreault]

Look up Medicare Advantage suits for denial of care and other issues.

[davidcarp]

Why do they make things so confusing for old people when they need this stuff less confusing at that age.

[mitchelld]

Thank you. I just started Medicare in 2022 and I had the Advantage plan. The cola increase I guess made it to where I was getting kicked off of Medicaid and only had Medicare. I'm so confused. It's like there needs to be a college course to understand this stuff. Plus no department or office you calls knows anything about all the moving parts. I'm still young, I can't imagine being 70 years old doing this much work in getting no where. Plus your on Medicare for a reason and this insurance crap is exhausting.

[wenpai]

Few years ago, I had a emergency three day ER stay at a major Taiwan hospital, without any insurance cost me $350 !

[donnabischoff]

All plans have the exact same coverage for the same plan But the premium can be vastly different between carriers. It was well worth checking out who was the most affordable.

[carlalatuda]

I have A, B&G. I was hospitalized twice in 2022, once for 16 days plus a 10 day stay at a rehab center for PT. Aside from my Medicare and Part G premiums, I paid $0 including two ambulance rides.

[dgs]

Going to go with supplement (probably N) for as long as I can afford it. If the day comes when I can't, I'll go Advantage. Not a fan of managed care. I've been fortunate to have very few medical expenses, but ya gotta figure that's more than due to change. On we go.

[eduardooramaeddie]

Thank you, 😮for the information, wow, I'm sorry about your family

[ioanstokowski]

Excellent presentation. Your family must be very proud. I (and others, I'm sure) am grateful for the information and how you have explained it.

[jag]

Pay $850 round trip ticket to Thailand.
I have a doctor recommended by John Hopkins there.
Nurses are great! Cost is 1/4 the cost than the USA and you get a vacation.

[davejoseph]

I'll have to work this out for HD-G.

[aa]

I'm 2.5 years away from the circus that starts at 65. I hope Iowa total care doesn't change. But of course it will.

[ron]

Nice work and great analysis. Thank you.

[brendahunter]

I guess the bottom line is with an advantage plan, you're betting on staying healthy for the rest of your life and no freak accidents that would necessitate hospitalisations.

[NighDarke]

And with no medicare or insurance you're stuck for the whole bill. So many people don't go to the ER when they should and just hope whatever the problem is it clears up on its own. Healthcare is a privilege of the wealthy.

[donnabischoff]

When you add the copay and deductable to the monthly premium of plan G the cost of plan F premium is not that much more. Plus the peace of mind of not needing your check book is to me worth the additional cost.

[rogerbec]

Great video. May I add that the amount Medicare doesn't pay the hospital, that amount will used as a tax write-off by the hospital at the end of the year. That's how they play the game.

[zonaken]

Still very confusing but your video helped greatly in cutting through the mysterious finances of health care in the golden years. Thanks for posting the video! Zk

[janicelloyd]

The BILLED AMOUNT is the scary part, it was for me. It took me a long time to realize that I can pay the 20% myself . My plan G pays very little of annual tests and Dr. visits.
And remember there’s a 1600. Copay for Medicare A for a hospital visit.
If there’s a large bill, people set up payment schedules.