The ABC’s of Medicare

It is open enrollment season for Medicare! On today's show, we are going to discuss Medicare with expert Ray Martin. We will be covering the different types of plans, premiums, and tips you should be aware of as you reach age 65 and beyond. 
 
Read and get additional financial information: https://doncashpodcast.com/podcast/the-abcs-of-medicare/
 
More Resources: 
A Brief History of Medicare -
https://www.medicareresources.org/basic-medicare-information/brief-history-of-medicare/
Medicare Handbook –
https://www.medicare.gov/medicare-and-you
The Nuts and Bolts of Medicare Book -
https://martinmedicare.lpages.co/fmbcom/
 
What we discuss: 
0:45 – Our guest Ray Martin
2:27 – Medicare basics
4:09 – Part A and B Medicare
5:44 – True universal coverage
6:54 – Premium for Medicare
10:20 – Working past 65
12:36 – Medicare supplements
15:22 – Medigap policies
17:18 – Medigap premium range
20:19 – Irmaa surcharge
21:46 – Medicare advantage plans
27:15 – Advantage plans and out of pocket expenses
29:45 – Key dates Oct 15th – December 7th
33:15 – After open enrollment
36:35 – Big limitations with switching
37:34 – Part D prescription drug plan
41:04 – Mistakes to avoid during open enrollment