E14: Navigating the Medicare Coverage Gap with Jim Going

01/07/2024 33 min
E14: Navigating the Medicare Coverage Gap with Jim Going

Listen "E14: Navigating the Medicare Coverage Gap with Jim Going"

Episode Synopsis

Three Goings, one episode. "Uncle Jim" offers his expertise in how those on Medicare can navigate the coverage gap. 00:00: Introduction and Background03:10: Understanding Medicare07:26: Coverage and Flexibility11:42: Additional Benefits of Medicare Advantage Plans16:19: Considering Costs: Premiums and Maximum Out-of-Pocket22:44: The Future of Medicare25:00: Key Takeaways and Tips30:24: Importance of Education and Asking QuestionsKey Takeaways:Medicare is comprised of Part A (hospital coverage) and Part B (medical coverage). Original Medicare covers 80% of costs, leaving 20% to be covered by supplemental insurance.Supplemental insurance options include Medicare supplement plans (Medigap) and Medicare Advantage plans. Seeking education and asking questions is key when navigating Medicare and supplemental insurance options. Agents are paid the same commission regardless of the plan, so their focus should be on providing information and helping individuals find the best plan for their needs.www.GoingOlder.comSponsored by: Nobody Makes It Alone, LLC www.NobodyMakesItAlone.comEpisode 1-21 Produced and Edited by:Sabrina Hill Episode 22+ Produced and Edited by: Nolan Haworth