May 26, 2026

Medicare Supplements Explained: Plan G, Plan N & Social Security Enrollment Tips

Medicare Supplements Explained: Plan G, Plan N & Social Security Enrollment Tips
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Episode 12 of MedicareHour & More with Peter breaks down Medicare Supplements, including Plan G, Plan N, coverage options, and out-of-pocket costs to help listeners make confident healthcare decisions. Peter also explains how to enroll in Medicare through Social Security, covering key timelines, enrollment tips, and common mistakes to avoid. Packed with trusted guidance and real-world education—because it’s more than Medicare. We Medi CARE!

MedicareHour & More With Peter! is broadcast live Tuesdays at 9AM PT on K4HD Radio - Hollywood Talk Radio (www.k4hd.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). MedicareHour & More With Peter! TV Show is viewed on Talk 4 TV (www.talk4tv.com).

MedicareHour & More With Peter! Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

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WEBVTT

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This program is designed to provide general information with regards

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to the subject matters covered. This information is given with

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the understanding that neither the hosts, guests, sponsors, or station

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are engaged in rendering any specific and personal medical, financial,

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legal counseling, professional service, or any advice.

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You should seek the services.

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Of competent professionals before applying or trying any suggested ideas.

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Attention to individuals, families and caregivers. It's Medicare Hour and

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More with Peter right here on k for HD Radio.

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This is the podcast for all types of intro solutions

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while specializing in Medicare because we Medicare. Here's your host,

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Peter R.

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Joseph. Good morning, good morning, good morning, Welcome to our show.

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This is episode twelve. Yes we are okay, sorry about that, guys.

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All right, so all new technology right now. We're actually

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recording this because my family and I are going to

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be away for three weeks on a family vacation. We're

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taking the RV trip to Yellowstone. We'll be going through

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Zion National Park, a couple other national parks, Idaho Falls,

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so we're very excited. It should be a lot of fun.

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First time driving the UR so wish me luck. Let's

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hope I don't crash this thing anyways. This is Medicare

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Hour and More with myself Peter Joseph as your host.

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You can find us live on K four HD Radio.

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You can download that app. You can also find us

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live on Facebook Joseph Insurance Broker, LLC, as well as

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YouTube at Medicare at Minute with Peter. That is our

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channel again, that's at Medicare Minute with Peter. So we'll

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see how this works. We're going to do a couple

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things this morning. We're actually going to show a clip

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on how to apply for Medicare through Social Security So

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you know, it's not very complicated, but you do have

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to be somewhat tech savvy. You do have to have

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a email address that's active as well as a cell

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phone number because they are doing that two factor authentication

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just like everyone else seems to be doing these days.

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But we're gonna walk you through that. You just create

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an account through SSA dot gov. When that time is

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ready to get onto Medicare and you're turning sixty five

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or you're retiring, you create an account and then you're

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gonna sign up for Medicare. Part B as in boy

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through that system. So let's see how this is gonna work.

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All Right's see if I can find the right video here,

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and you can actually find this video on our YouTube channel.

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Here we go.

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To create your personal my Social Security account with the

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login dot gov account, go to SSA dot gov and

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select sign in on the sign in or create an

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account screen, select create an account with login dot gov.

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You will be redirected to a lot log in dot

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gov sign in page. Select the create an account button.

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Enter your personal email address, select your email language preference.

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Once you've read the log in dot gov rules of use,

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check the box and select submit. Next, check for an

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email from login dot gov at the email address you provided,

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Open the email and click confirm email address. You will

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be redirected to the log in dot gov website. Here

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you'll create a log in dot gov password. Passwords must

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be twelve characters or longer and include a combination of

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uppercase and lowercase letters, numbers, and special characters. Follow these

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steps to create a strong password to prevent scammers from

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guessing it, use a unique phrase that only you recognize

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and is easy to remember. You can use more than

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one word and add spaces between words, add numbers, and

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special characters that are not your birth date are common

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sequences like one, two, three, four. Make this password unique

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from the other passwords you use frequently, like your bank

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account or email password. Now that you've created a strong

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password to protect your account, let's set up your multi

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factor authentication commonly known as MFA. MFA is an extra

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layer of protection for your account that helps us make

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sure that it's actually you accessing your account and not

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someone pretending to be you. You can set up your

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account with several MFA methods. We encourage you to choose

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at least two of the most secure methods that you

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know you'll be able to use. If you lose these methods,

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you'll have to create a new account. Many people choose

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the text message option. More secure options you can choose

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from include an authentication app, security key, PIVE or cat

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card if you're a federal employee, and face or touch

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unlocked features. A phone call to your landline phone or

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backup codes are also available. Put are less secure options. Now,

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you will verify your identity for SSAY. This helps to

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protect your identity and prevent scammers from unauthorized access to

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your information. To verify your identity. You will need a

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driver's license or state issued ID, your social Security number,

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a US phone number on a plan that's in your name,

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and the ability to re enter your login dot gov password.

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We will use this personal information to verify your identity

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against public records. Check the box to allow login dot

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gov to use your personal information to verify your identity,

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so lect continue to continue the process. You can choose

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how you would like to verify your ID. Select continue

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on your phone for the online option, or continue in

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person to visit a participating US post office to verify

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your ID. In this video, we will follow the online process.

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Enter your mobile phone number and select the send link

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button to receive a text message to continue the process.

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Once you receive the text message from login dot gov,

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select the link to continue the process. On your mobile phone,

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select the take photo buttons to take photos of each

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side of your ID. Here are some tips for taking

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your photos. Make sure your ID, especially the barcode, is

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clean and undamaged. Prop your IDA up against a solid

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dark background. Turn off your camera's flash and live photo function.

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Make sure there are no glares or shadows, and that

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you're capturing the entire ID hold your phone as still

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as you can while you take the photos. Try to

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hold your breath for each moment you take the photo.

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After you take the photos of your ID, select the

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continue button. Select the take photo button to take a

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photo of your face. Here's some tips for taking your photo.

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Remove any items covering your face, keep your expression neutral,

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and make sure that your whole face is visible within

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the green circle so that your photo will be automatically captured.

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Make sure there are no glares or shadows. Hold your

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phone as still as you can while you take the photos.

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Try to hold your breath for each moment you take

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the photo. Once your idea is verified, return to your

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original browser. You will be informed if you need to

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retake your photos. Next, enter your social security number and

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select continue. You will be asked to verify the information

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you have provided. If correct, select submit. Enter your phone

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number that is associated with your bare information, and select

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how you would like to receive a one time code OTC.

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Select send code. You will receive a text message or

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a phone call from login dot gov containing the OTC.

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Enter the code and re enter your login dot gov password.

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Once you have verified your identity and re entered your password, correctly.

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You will be asked to save your personal key. You'll

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need your personal key if you ever forget your password,

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keep it safe and do not share it with anyone.

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Check the I saved my personal key in a safe

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place box and select continue, connect your verified information to

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SSA and agree to the Privacy Act statement in terms

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of service. Congratulations, you now have access to your Social

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Security account information.

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Okay, So that is a good synopsis video of how

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you can apply and create your Social Security count on

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a ssay dot gov. That video is available on our

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YouTube channel. So I will show you that in just

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a second here. But you know, the most important thing

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is you could see that there's a lot of technology

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behind it. Multi factor authentication, two factor authentication, so you

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have to have an email and a cell phone number,

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and then you have to have a backup in case

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you lose your passwords. So once you have it set up, though,

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it's easy to get back into it. And on that

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screen is going to have a place a blue button

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where you can apply for Medicare part b oh right.

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So I definitely wanted to bring that to your attention,

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and as we've been talking about that for the last

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few weeks, and that video really shows it accurately, and

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you know it's easier to see images to the words

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that we're speaking, so hopefully that will be helpful to

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you guys. And today's episode of Medicare Hour and More

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is brought to you by our valued show sponsors and

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community partners. We're grateful for the businesses and professionals who

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support education and help bring helpful resources to our listeners

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each week. We've got quite a few sponsors. A Central

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Engine Everything, Senior Insurance, it's an FMO lead, Heroes is

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a lead company for Final Expense and Medicare leads. And

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we're also sponsored by Johnny Alagna, realtor out here in

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southern California, Alana Scholfield, who is a CEO and medicare

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agency owner out in Connecticut on the East Coast and

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can find her on one of our episodes as well. Again,

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we are so thankful for all our sponsors. We wouldn't

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be here today, we wouldn't be able to do these

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shows without them, So shout out to all you guys.

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Thank you so much. So we want to welcome everybody

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to our Medicare Hour with myself. I'm your host, owner

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of Joseph Insurance BROKERLLC. We've been around for almost ten

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years now. We help individuals, families, and small businesses navigate medicare,

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health insurance, life insurance, and business insurance, as well as

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retirement planning solutions. So we try to be your one

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stop shop so that you know you can trust us

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with all the products. We do specialize in Medicare, but again,

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I actually used to work for Farmers Insurance, so I

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know quite a bit about the P and C area

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like home and auto. So if you guys ever need

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help with all of that, you know, just reach out

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to us and we will definitely be able to help

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you out. So live from southern California, I'm reaching listeners everywhere.

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This is Medicare, our Peter, helping you make smarter Medicare

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decisions with confidence. Again, I'm your host, and we're breaking

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down one of the most confusing parts of Medicare today,

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Medicare supplement plans also known as medigap plans. We'll explain

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what Plan G is, what Plan N is, Does Plan

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F even still exist? What is Plan A? What is

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Plan K. There's so many different letters. I know, it's

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just confusing. So but we are diving into the supplement

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side of things. We've spent a lot of time on

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the Medicare advantage side, just to recap you know, that

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is a network point of view things With a supplement,

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you're not in a network. It's kind of a known

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network plan. You don't need authorizations to see any doctors

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or specialists who take Medicare as payment. And that's about

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ninety eight percent of the country. So that is why

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people like the supplement. We're oute, but we're going to

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talk about how expensive it can get, especially the older

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you get. All right, So just so you know, and

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if you've been listening in the last few episodes, Original

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Medicare does leave gaps. When you turn sixty five and

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you get onto Original Medicare, what happens is that covers

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eighty percent of your cost. Well, what happens to the

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other twenty percent, Well, you're responsible for it, and there's

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no ceiling on that. So people sign up for supplements

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and advantage plans because they want that twenty percent covered.

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If you just on Original Medicare with a Part D

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plan for your prescription drugs, well, lo and behold. If

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something God forbid happens to you, guys, and you're in

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the hospital for months on end, you're getting cancer treatments,

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whatever the case may be, you're going to be responsible

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for twenty percent of those costs. So we want to

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make sure that you're covered fully head to toe. There

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are other products out there that can help. They're called

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necessary products for cancer policies or heart disease policies, and

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we'll talk about that another time. Right now, I just

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want to focus you guys in on the supplement side

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of things, all right, So what does metagap mean. Well,

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medic gap or supplement, Medicare supplement is the same thing.

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They're interchangeable words. They're private insurance paired with original Medicare,

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their standardizedized by the federal government, and it's the same

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00:15:30.519 --> 00:15:33.559
benefits across the board no matter which carrier you go with.

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It's all about the rates competing against one another. But

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if you do United Healthcare or you do Anthem Blue Cross,

227
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you're going to have the same exact benefits if you

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00:15:44.799 --> 00:15:46.399
have that same letter. So if you have Plan g

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00:15:46.840 --> 00:15:49.000
plang's the same with Unite Healthcare as it is with

230
00:15:49.679 --> 00:15:52.360
Anthem Blue Cross, So just keep that in mind as well.

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00:15:54.000 --> 00:15:57.720
So why do some retirees feel shocked after realizing Medicare

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doesn't actually cover one hundred percent of their medical bills.

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You know, it's because we all think we pay into

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00:16:05.080 --> 00:16:09.279
substantially into Medicare comes out of our paychecks. If you're

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00:16:10.080 --> 00:16:13.679
a ten ninety nine, obviously you have to pay Medicare

236
00:16:13.759 --> 00:16:19.120
tax bill and it is substantial. Well, you think paying

237
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for all those years that Medicare would be free, and

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that's not free. And not only is it not free,

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00:16:24.799 --> 00:16:27.080
it doesn't cover all your costs. So you got to

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think about long term care policies. You got to think

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00:16:30.120 --> 00:16:35.039
about necessary policies to make sure you're completely covered and

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00:16:35.080 --> 00:16:39.440
not hit by a huge amount of debt and then

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you end up, you know, having to file bankruptcy, which

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happens a lot in our country unfortunately. So I want

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to make sure that you guys are knowledgeable and have

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the resources in hand to navigate this. So breaking down

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00:16:51.480 --> 00:16:55.039
the plans, well, Plan G is the most popular supplement

248
00:16:55.120 --> 00:16:58.080
plan today. Most of our clients are on Plan G.

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00:16:58.879 --> 00:17:04.960
If they're eligible for Medicare before January twenty twenty, then

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00:17:05.359 --> 00:17:08.759
they're on Plan F and Plan F is the only

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00:17:08.799 --> 00:17:11.559
difference between Plan F and Plan G. Plan F has

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no deductible at all. Plan G has a very small deductible,

253
00:17:17.279 --> 00:17:21.279
and it does go up every year, very very slowly.

254
00:17:21.359 --> 00:17:24.880
But so for this year example, it's about two hundred

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00:17:24.880 --> 00:17:28.480
and eighty dollars per year. That's the deductible you get

256
00:17:28.519 --> 00:17:32.039
to meet. Once you've met that, your original Medicare and

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00:17:32.079 --> 00:17:36.279
your supplement both pay everything out one hundred percent, so

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00:17:36.319 --> 00:17:39.519
they cover your hospital costs, your copays, your co insurance,

259
00:17:40.799 --> 00:17:44.480
your lab fees, anything like that, it's all covered. So

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00:17:44.640 --> 00:17:46.920
you're just responsible for that two hundred and eighty dollars.

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00:17:47.400 --> 00:17:51.559
Plus you're responsible though, excuse me, for the premiums or

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00:17:51.599 --> 00:17:53.839
Part B, which is this year two hundred and two

263
00:17:53.880 --> 00:17:58.400
dollars a month, and then your supplement premium. So with

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00:17:58.559 --> 00:18:05.279
Plan G usually the highest rate for premiums, and if

265
00:18:05.319 --> 00:18:10.000
you're just getting onto a supplement plan, usually it's averaging

266
00:18:10.039 --> 00:18:12.799
about one hundred and thirty dollars out here in southern

267
00:18:12.799 --> 00:18:15.960
California per month the first couple of years, and then

268
00:18:16.160 --> 00:18:19.680
it slowly goes up. I've got clients now who are

269
00:18:19.759 --> 00:18:22.759
in early seventies paying about two hundred and fifty dollars

270
00:18:22.839 --> 00:18:25.720
a month right now, So that rate does increase every

271
00:18:25.759 --> 00:18:28.480
year and can increase anywhere from one to four percent

272
00:18:28.880 --> 00:18:33.440
depending on the carrier. All right. So again, Plan G

273
00:18:33.599 --> 00:18:39.039
covers all your Medicare costs except for that deductible. That'll

274
00:18:39.079 --> 00:18:43.839
Part B deductible. All right, And again it is often

275
00:18:43.880 --> 00:18:48.960
the highest premium. And again, like I said, many people

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00:18:49.000 --> 00:18:51.839
still have Plan F. If you're eligible for Medicare and

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00:18:51.880 --> 00:18:54.359
you were on it before January first, twenty twenty, then

278
00:18:54.400 --> 00:18:58.359
most likely you're on Plan F. We do review those

279
00:18:58.400 --> 00:19:01.000
plans with our clients as well, because Plan F premiums

280
00:19:01.039 --> 00:19:05.039
are outrageous right now, they're through the roof, and a

281
00:19:05.039 --> 00:19:07.039
lot of times it's cheaper for our clients to just

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00:19:07.079 --> 00:19:12.000
switch over to Plan G and pay that very small

283
00:19:12.079 --> 00:19:16.359
deductible you're still saving in the long run versus having

284
00:19:16.400 --> 00:19:19.200
no deductible and paying that higher premium on Plan F.

285
00:19:20.599 --> 00:19:24.319
All Right. So the next letter grade is Plan A.

286
00:19:25.279 --> 00:19:28.960
What is Plan A. Well, that's basic standardized Medicare supplement

287
00:19:29.079 --> 00:19:33.480
covers limited benefits, usually not the most popular option. Premiums

288
00:19:33.480 --> 00:19:36.960
on those are very low, and that's the reason it's

289
00:19:36.960 --> 00:19:41.079
a bare bones meta gap option isn't commonly selected compared

290
00:19:41.119 --> 00:19:43.799
to Plan G or Plan N as a Nancy right now,

291
00:19:43.880 --> 00:19:47.920
So keep that in mind. So what's the pot is.

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00:19:48.039 --> 00:19:55.200
Positives are nationwide provider flexibility, predictable costs, and nationwide doctor access.

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00:19:55.480 --> 00:19:57.359
So if you're traveling a lot, you know, let's say

294
00:19:57.359 --> 00:19:59.279
you've got family and other states and you stay there,

295
00:19:59.359 --> 00:20:01.720
you know, seven eight months out of the year, my

296
00:20:01.799 --> 00:20:03.960
recommendation would be on the supplement because you could see

297
00:20:04.000 --> 00:20:06.519
whatever doctor you want that takes Medicare. You don't have

298
00:20:06.559 --> 00:20:09.000
to go through an authorization, you're not stuck in the network.

299
00:20:09.319 --> 00:20:12.160
You can carry your supplement wherever you want within the

300
00:20:12.200 --> 00:20:18.200
continental US. So it's very comprehensive coverage, low surprise medical bills,

301
00:20:18.240 --> 00:20:23.480
great for frequent healthcare users. The negatives, like I said earlier,

302
00:20:23.480 --> 00:20:28.359
your premiums rates will go up every year. And Part

303
00:20:28.400 --> 00:20:31.440
B deductible is not covered. So you know that two

304
00:20:31.559 --> 00:20:36.240
hundred dollars that we were saying is not covered all right,

305
00:20:36.279 --> 00:20:39.319
plan And as a Nancy, what is that, Well, it's

306
00:20:39.359 --> 00:20:42.640
a lower premium alternative to g That's why it is popular,

307
00:20:43.279 --> 00:20:47.920
small copays sometimes for doctor er visits. What it doesn't

308
00:20:47.920 --> 00:20:51.039
cover is part BE excess charges. And I've had clients

309
00:20:51.119 --> 00:20:56.200
on this plan who are sometimes build and sometimes not.

310
00:20:56.359 --> 00:21:00.119
It really depends on your provider, your doctor network, medical net,

311
00:21:00.119 --> 00:21:03.880
where the hospital that you're being serviced at. They can

312
00:21:04.000 --> 00:21:06.960
choose to bill you for those excess charges, which can

313
00:21:07.240 --> 00:21:10.599
be equal up to twenty percent, or they cannot and

314
00:21:11.160 --> 00:21:16.279
choose to accept the supplement and original Medicare as full payment.

315
00:21:16.839 --> 00:21:20.559
So just keep that in mind. Plan EN premiums are

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00:21:20.759 --> 00:21:23.519
a lot less on average, you know, saying about one

317
00:21:23.559 --> 00:21:26.279
hundred and thirty hundred and forty dollars for Plan G. Well,

318
00:21:26.319 --> 00:21:29.799
Plan N you're looking at maybe seventy to eighty dollars

319
00:21:29.839 --> 00:21:33.720
a month, so you can see some substantial savings, but

320
00:21:33.880 --> 00:21:36.960
you have to make sure you understand that in a

321
00:21:37.000 --> 00:21:39.119
lot of instances it's not going to cover your part

322
00:21:39.200 --> 00:21:43.400
be excess charges, all right, And it is a good

323
00:21:43.400 --> 00:21:45.960
fit for healthy retirees, especially if you're not using it

324
00:21:46.000 --> 00:21:50.039
as often Plan G are frequent users. Plan N would

325
00:21:50.039 --> 00:21:54.359
be kind of middle of the road, all right. Those

326
00:21:54.400 --> 00:21:57.160
plan affs still exist, like we said it does if

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00:21:57.200 --> 00:22:02.039
you've been on Medicare before January first, twenty twenty, covers

328
00:22:02.119 --> 00:22:06.000
the part being deductible, so and it's often the highest premium,

329
00:22:06.039 --> 00:22:11.880
but you have no costs at all. Everything's covered all right.

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00:22:17.480 --> 00:22:19.960
I don't think I've ever done a show not live

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00:22:20.720 --> 00:22:23.079
in a long time, and so I'm recording on zoom,

332
00:22:23.119 --> 00:22:25.480
and so I do have to look at notes. Usually

333
00:22:25.480 --> 00:22:27.759
I'm prepared when i'm live a little bit more, but

334
00:22:28.200 --> 00:22:29.599
I want to make sure I get this right for

335
00:22:29.680 --> 00:22:39.279
you guys. All right, So what's the biggest misconception people

336
00:22:39.440 --> 00:22:43.599
have about Medicare supplements? Well, I will tell you. The

337
00:22:43.680 --> 00:22:52.559
biggest misconception is that, let's see, I'm trying to think

338
00:22:52.559 --> 00:22:54.400
of a good one that one of my clients just

339
00:22:54.440 --> 00:23:03.279
came up with that no authorizations are needed. That was

340
00:23:03.319 --> 00:23:10.359
one that came up. So actuality, physical therapy does need

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00:23:10.359 --> 00:23:12.400
an authorization. That's the only thing that does on the

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00:23:12.400 --> 00:23:15.119
supplement side of things, So do keep that in mind.

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00:23:15.160 --> 00:23:18.240
Everything else doesn't. You can call specialists up, make an

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00:23:18.279 --> 00:23:22.000
appointment right then and there, very easy to do. But

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00:23:22.640 --> 00:23:27.279
physical therapy does need an authorization. The other biggest misconception

346
00:23:27.440 --> 00:23:31.039
is people think supplements include dental vision hearing. They do not.

347
00:23:31.240 --> 00:23:35.039
Sometimes they'll include like discounts, but it's not a true insurance,

348
00:23:35.079 --> 00:23:37.200
and so you have to get everything all the cards

349
00:23:37.759 --> 00:23:40.440
versus medical advantage, as we have talked about, is all

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00:23:40.480 --> 00:23:43.359
in one. So with a supplement, you have to get

351
00:23:43.400 --> 00:23:46.480
a dental vision plan, and then you have to get

352
00:23:46.480 --> 00:23:51.119
a part D plan for your prescription drugs, and so

353
00:23:51.279 --> 00:23:54.960
you have to get all those separates and those you know,

354
00:23:55.880 --> 00:23:59.240
premium start adding up, and so you have to really

355
00:23:59.240 --> 00:24:01.160
look at your budget and see what you guys can

356
00:24:01.200 --> 00:24:07.240
afford around that retirement age and see if a supplement

357
00:24:07.440 --> 00:24:10.720
or an advantage plan which one makes more sense for

358
00:24:10.799 --> 00:24:15.880
you in your pocketbook. Don't choose based only on price, though,

359
00:24:15.960 --> 00:24:18.240
I will say that, yeah, the benefits are the same

360
00:24:18.279 --> 00:24:22.039
across the board, but some customer services for carriers are

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00:24:22.079 --> 00:24:25.279
a lot better than others. So just reach out to

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00:24:25.319 --> 00:24:28.799
me and I'll give you the tips on that. You know,

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00:24:28.839 --> 00:24:32.400
you got to consider long term affordability. You know, my

364
00:24:32.480 --> 00:24:34.720
hope is that before you get to that Medicare age

365
00:24:34.759 --> 00:24:38.680
that you have long term care in place, because ding, ding, ding,

366
00:24:38.799 --> 00:24:41.559
like we've said, week in and week out, Medicare doesn't

367
00:24:41.559 --> 00:24:44.759
cover long term care costs. And you want to compare

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00:24:44.839 --> 00:24:48.880
the carriers to stability and rate history, so we know

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00:24:49.200 --> 00:24:52.759
which carriers tend to go up a lot slower than others.

370
00:24:53.720 --> 00:24:56.119
We know which ones have been around on the marketplace

371
00:24:56.160 --> 00:24:58.480
for a long time versus ones that have just entered

372
00:24:58.480 --> 00:25:01.359
the marketplace. You want to be careful about those. You

373
00:25:01.400 --> 00:25:03.680
want to know their ratings because a lot of times

374
00:25:03.720 --> 00:25:07.680
these carriers will enter and exit the market and then

375
00:25:07.720 --> 00:25:10.480
you'll be stuck trying to navigate and figure out how

376
00:25:10.519 --> 00:25:15.240
to get onto another plan. It would be nice to

377
00:25:15.240 --> 00:25:17.440
just be on one supplement and not have to change it.

378
00:25:17.759 --> 00:25:20.920
Y're in and you're out. The last plan that we

379
00:25:20.960 --> 00:25:24.279
didn't really touch on is Plan K, which is not popular.

380
00:25:24.319 --> 00:25:27.680
It's a lower premium Medicare supplement plan designed for individuals

381
00:25:28.119 --> 00:25:31.079
who want some protection from major medical costs while keeping

382
00:25:31.119 --> 00:25:36.279
monthly premiums more affordable. Unlike Plan G or Plan N,

383
00:25:36.640 --> 00:25:39.799
Plan K shares costs with the member, so after Medicare

384
00:25:39.799 --> 00:25:44.599
pays its portion, Plan K generally covers fifty percent of

385
00:25:44.640 --> 00:25:47.599
many Medicare proved out of pocket expenses until the member

386
00:25:47.640 --> 00:25:51.039
reaches the plan's annual out of pocket limit. So that's

387
00:25:51.200 --> 00:25:53.839
that's pretty hefty fifty percent. But again, the premiums on

388
00:25:53.920 --> 00:25:56.319
Plan K are very low, and that's why people like it.

389
00:25:56.400 --> 00:25:58.920
Especially if you're very, very healthy, you're not seeing the

390
00:25:58.960 --> 00:26:02.039
doctor that much. That might be an alternative to you

391
00:26:02.559 --> 00:26:04.519
to get on the supplement and get on the Plan K.

392
00:26:05.039 --> 00:26:06.920
That way you're able to see whatever doctor you want

393
00:26:07.039 --> 00:26:10.720
and you're not stuck in the HMO network. But that

394
00:26:10.920 --> 00:26:15.400
is a little bit on Plan K. So three things

395
00:26:15.440 --> 00:26:17.759
to remember as we kind of close out this session

396
00:26:17.799 --> 00:26:22.160
on supplements and you know again, you can get onto

397
00:26:22.240 --> 00:26:26.480
our newsletter. Please subscribe on our YouTube channel at Medicare

398
00:26:26.519 --> 00:26:28.680
Minute with Peter. You'll get all the latest up to

399
00:26:28.759 --> 00:26:33.519
date information on Medicare. But keep these things these things

400
00:26:33.519 --> 00:26:38.160
to remember. Supplements work with original Medicare plan. Benefits are standardized,

401
00:26:38.200 --> 00:26:41.359
and the right plan depends on budget and healthcare usage.

402
00:26:41.799 --> 00:26:44.960
That's why it's important to get with an advisor like myself.

403
00:26:45.799 --> 00:26:48.519
We are local, but we're also licensed in thirty two

404
00:26:48.559 --> 00:26:53.240
other states. Remember, the best Medicare plan isn't the one

405
00:26:53.240 --> 00:26:55.880
your neighbor has. It's the one that fits your healthcare needs,

406
00:26:56.039 --> 00:27:03.839
lifestyle and budget. Right. So I usually have a guest

407
00:27:03.960 --> 00:27:06.960
that obviously you know, I don't today because we're recording

408
00:27:06.960 --> 00:27:09.599
this session. So I'm going to kind of share some

409
00:27:10.559 --> 00:27:16.079
latest information on Medicare and news. This is kind of fun,

410
00:27:16.279 --> 00:27:19.720
all right, But before I do that, I just want

411
00:27:19.759 --> 00:27:24.039
to say you know today is yeah, this this recording

412
00:27:24.119 --> 00:27:26.440
is going to be on our show next Tuesday at

413
00:27:26.519 --> 00:27:30.839
nine am Live. But I'm recording this on a day.

414
00:27:31.279 --> 00:27:33.920
I don't like talking politics. We don't want to bring

415
00:27:33.960 --> 00:27:37.319
politics into this show ever. But I am sad to

416
00:27:37.319 --> 00:27:42.680
see Stephen Colbert lose his his late show tonight on CBS.

417
00:27:43.559 --> 00:27:46.079
Whether you think it's because of Trump or you think

418
00:27:46.079 --> 00:27:49.039
it's because of cost cutting, whatever the case may be,

419
00:27:50.119 --> 00:27:53.519
Colbert is a great guy. He's a hilarious, great comedian.

420
00:27:55.160 --> 00:27:57.480
I love the fact that we have freedom of speech

421
00:27:57.480 --> 00:28:00.720
in this country, and so I'm going to miss his

422
00:28:00.920 --> 00:28:04.279
quips and the guests that he's brought on, and so

423
00:28:04.319 --> 00:28:08.759
I'm sad to see that ending. And then sports notes,

424
00:28:10.480 --> 00:28:14.039
NBA playoffs have been unbelievable. I hope you've been watching.

425
00:28:15.640 --> 00:28:18.079
I thought, you know, my prediction is the Knicks and

426
00:28:18.119 --> 00:28:21.440
Spurs and the finals, but I know these Calvs and

427
00:28:21.839 --> 00:28:26.079
Thunder are giving a run for the money with these series.

428
00:28:26.279 --> 00:28:28.799
I don't know if you saw that last next game,

429
00:28:28.880 --> 00:28:31.720
they were down by twenty two points in the fourth

430
00:28:31.799 --> 00:28:35.000
quarter and then they came back and won in overtime.

431
00:28:35.079 --> 00:28:40.279
So that was a crazy game itself too. They actually

432
00:28:40.880 --> 00:28:43.000
I think I scored them something like forty four to

433
00:28:43.119 --> 00:28:48.119
eleven in the last quarter and overtime unbelievable. I mean,

434
00:28:48.440 --> 00:28:51.680
that's crazy. And then of course, you know, the Spurs

435
00:28:51.759 --> 00:28:55.599
beat the Thunder and double overtime oneby was freaking nature.

436
00:28:55.799 --> 00:28:58.960
And then you know, the Thunder came back, responded. So

437
00:28:59.240 --> 00:29:01.480
I think that's gonna be long series. But I'm excited

438
00:29:01.519 --> 00:29:06.079
to see how those series turn out. I hope you're watching.

439
00:29:06.480 --> 00:29:10.759
All right, Back to Medicare. I know I like to

440
00:29:10.880 --> 00:29:12.759
bring in some fun stuff every now and then, but

441
00:29:13.680 --> 00:29:16.720
let's get back to business. All right. All right, So

442
00:29:20.279 --> 00:29:32.920
recent Medicare news highlights. Can you hear me? Okay? So

443
00:29:34.319 --> 00:29:38.119
Supreme Court declined to hear appeals from pharmaceutical companies challenging

444
00:29:38.119 --> 00:29:41.759
the Federal Drug Price Negotiation Program established under the Inflation

445
00:29:41.839 --> 00:29:45.640
Reduction Act. This leaves in place lowered negotiated prices for

446
00:29:45.720 --> 00:29:49.039
ten widely used medications that took effect in twenty twenty six.

447
00:29:49.640 --> 00:29:52.359
So that's good news and bad news. I mean, obviously,

448
00:29:52.440 --> 00:29:54.920
the good news is it keeps prices low. The bad

449
00:29:54.960 --> 00:29:59.000
news is we're seeing this effect of Medicare advantage benefits

450
00:29:59.039 --> 00:30:01.440
down the road. Benefit it's are being cut left and right,

451
00:30:01.839 --> 00:30:03.839
and so it's a little bit harder to navigate that.

452
00:30:04.720 --> 00:30:09.279
Centers for Medicare and Medicaid Services finalized m A payment

453
00:30:10.640 --> 00:30:14.519
rates estimating I think it was about a two point

454
00:30:14.599 --> 00:30:18.680
four to eight percent, So it still doesn't apply to

455
00:30:18.720 --> 00:30:22.440
the five percent costs that carriers are seeing. So unfortunately,

456
00:30:22.880 --> 00:30:27.000
that's also negatively affecting the benefits. And then this is

457
00:30:27.079 --> 00:30:31.720
kind of cool. Senate Democrats have introduced a legislative framework

458
00:30:31.759 --> 00:30:34.119
to add a new in home a long term care

459
00:30:34.160 --> 00:30:38.640
benefit to Medicare. It's a great idea. I think it

460
00:30:38.640 --> 00:30:41.839
would be very costly, but like I said, you know,

461
00:30:41.920 --> 00:30:44.359
we all run into the situation where we find out

462
00:30:44.880 --> 00:30:47.640
the hard way Medicare doesn't cover long term care expenses,

463
00:30:47.680 --> 00:30:49.640
and so if you don't have a long term care

464
00:30:49.680 --> 00:30:53.880
price or policy in place, then you're kind of in trouble. Right,

465
00:30:54.000 --> 00:31:01.480
So again, you know here the base Medicare Part B

466
00:31:01.759 --> 00:31:05.079
monthly premium is two two ninety and it wrote it

467
00:31:05.119 --> 00:31:07.640
a significant portion of the cost of living increase that

468
00:31:07.720 --> 00:31:11.839
Social Security gave. So hopefully next year we'll see that

469
00:31:11.960 --> 00:31:18.119
premium not go up as much. And that's what's on

470
00:31:18.200 --> 00:31:21.279
the docket. You know, obviously, CMS centers for Medicare and

471
00:31:21.319 --> 00:31:27.400
Medicaid are getting tighter and tighter on the fraud and

472
00:31:28.279 --> 00:31:33.519
regulations for agents and agencies, which is a good thing,

473
00:31:36.119 --> 00:31:38.920
so keep that in mind too. I'm going to go

474
00:31:38.960 --> 00:31:47.039
ahead and navigate two our next commercial before we close

475
00:31:47.119 --> 00:31:49.759
things out, So just to let you know, if you're

476
00:31:49.759 --> 00:31:52.880
a client of ours, obviously you're on our newsletter. If

477
00:31:52.880 --> 00:31:55.880
you're not, you can go to Joseph Insurancebroker dot com

478
00:31:55.920 --> 00:31:58.000
and sign up to be on our newsletter to get

479
00:31:58.039 --> 00:32:01.640
all the latest information on all things insurance, including Medicare

480
00:32:01.680 --> 00:32:04.640
of course, but this is a commercial to show you

481
00:32:04.720 --> 00:32:07.680
how to sign up for our monthly newsletter as well.

482
00:32:07.759 --> 00:32:10.799
So I'm going to go ahead in hey there, we

483
00:32:10.880 --> 00:32:14.680
are so glad that you decided to subscribe to our newsletter.

484
00:32:14.680 --> 00:32:18.200
With Joseph Insurance Broker LLC. You are going to get

485
00:32:18.200 --> 00:32:21.480
the latest updates on our various insurance products. We do

486
00:32:21.559 --> 00:32:24.559
specialize in medicare and health insurance for under sixty five.

487
00:32:25.079 --> 00:32:28.440
We also offer small business group benefits and business insurance,

488
00:32:28.480 --> 00:32:31.240
so you can create the subject matter that you would

489
00:32:31.240 --> 00:32:35.440
like to receive. You can have notifications for all three

490
00:32:35.759 --> 00:32:40.240
or just specifically on Medicare. If you'd like. We will

491
00:32:40.319 --> 00:32:42.559
keep you up to date on the latest regulations in

492
00:32:42.680 --> 00:32:45.640
all the various industries and what you sign up for.

493
00:32:45.920 --> 00:32:48.799
You can always make an appointment with me personally www

494
00:32:48.880 --> 00:32:52.559
dot callen Lee dot com forward slash Joseph Insurance. We'll

495
00:32:52.599 --> 00:32:56.720
answer all your questions and address any concerns you might have.

496
00:32:57.559 --> 00:33:03.839
Thank you again and we wish you well. All right,

497
00:33:04.039 --> 00:33:08.960
so again, just go to Joseph Insurancebroker dot com. Little

498
00:33:08.960 --> 00:33:12.599
thing will pop up showing you or I can even

499
00:33:12.799 --> 00:33:22.319
show you now right now what that will look like. No, no, no, okay,

500
00:33:22.440 --> 00:33:28.240
bear with me here, all right. So you go to

501
00:33:28.279 --> 00:33:32.920
our website. This is what our website looks like, and

502
00:33:33.319 --> 00:33:36.200
you have an AI chat here, but we do have

503
00:33:36.240 --> 00:33:38.599
an admin that hops on so if you talk to

504
00:33:38.640 --> 00:33:47.160
that person, they will respond back. And because I've been

505
00:33:47.200 --> 00:33:49.640
on this site, it's not going to show me, is it.

506
00:33:50.680 --> 00:33:56.079
Of course not? All right, let's do it here on

507
00:33:56.160 --> 00:34:10.719
my phone. There we go. So if you see that

508
00:34:10.719 --> 00:34:13.039
that little window pops up, if you come to our

509
00:34:13.079 --> 00:34:15.960
site for the first time and just you put your

510
00:34:16.000 --> 00:34:18.880
information in, you click submit and you're on our newsletter.

511
00:34:19.159 --> 00:34:21.320
Is as simple as that. So I just wanted to

512
00:34:21.360 --> 00:34:25.880
show you guys that, and if you want to get

513
00:34:25.880 --> 00:34:28.719
a quote on anything up here on our site is

514
00:34:28.719 --> 00:34:32.440
get a quote, you just click that. We've got a

515
00:34:32.480 --> 00:34:36.639
blog that updates daily, so if you click that, all

516
00:34:36.719 --> 00:34:40.159
the information here will show up daily. It's also on

517
00:34:40.199 --> 00:34:44.000
our socials. And the other thing is we do have

518
00:34:44.039 --> 00:34:47.480
a medicare blog, so if you click that, how to

519
00:34:47.559 --> 00:34:50.840
choose Medicare advisors wisely, how to pick party without overpaying,

520
00:34:51.039 --> 00:34:57.239
so on and so forth. So great information. Definitely encourage

521
00:34:57.280 --> 00:35:02.280
you guys to show come through our website and get

522
00:35:02.320 --> 00:35:10.159
that information. All right. Oh right, So I want to

523
00:35:10.159 --> 00:35:14.719
close out our show, so I appreciate you guys making

524
00:35:14.760 --> 00:35:18.400
the time listening in. We've got fabulous guests lined up

525
00:35:18.440 --> 00:35:20.960
in the next few weeks. You can always go to

526
00:35:21.000 --> 00:35:24.280
our YouTube channel. You can also go to Medicare Hourandmore

527
00:35:24.559 --> 00:35:28.559
dot com and you'll find all our show and clips

528
00:35:28.679 --> 00:35:33.119
and viral clips on there as well. You know, we

529
00:35:33.159 --> 00:35:35.760
want to thank you for joining us on Medicare Hour

530
00:35:35.840 --> 00:35:39.599
and More with Peater. Medicare decisions affect your healthcare finances

531
00:35:39.639 --> 00:35:42.159
and peace of mind for years to come, so we

532
00:35:42.199 --> 00:35:45.239
asked that you stay informed, ask questions, and never navigate

533
00:35:45.239 --> 00:35:49.559
medicare alone. We will see you next time. Wish us

534
00:35:49.559 --> 00:35:53.679
a save trip to Yellowstone and back and we'll see

535
00:35:53.679 --> 00:35:56.840
you in a few weeks. And we love having you

536
00:35:56.880 --> 00:36:00.679
on our show, why because we meta care.

537
00:36:04.519 --> 00:36:08.360
Thanks for listening. Tune into Medicare Hour and More with

538
00:36:08.519 --> 00:36:12.519
Peter every Tuesday at nine am Pacific time right here

539
00:36:12.559 --> 00:36:17.679
on KFURHD Radio at KFOURHD dot com for more real

540
00:36:17.719 --> 00:36:22.519
life stories from experts who medicare about you and protecting

541
00:36:22.599 --> 00:36:27.119
your health, your finances, and your future. See you next week.