Manage episode 335560760 series 2991667
🟦 Medicare is a health insurance program for people 65 years of age or older, people under 65 years of age with certain disabilities, and people of any age with End-Stage Renal Disease (ESRD). Also, it can be a great way to get the health coverage you need.
There's a lot to know about it particularly as the population ages. The number of Americans on Medicare is forever growing; in fact, over 64 million people were on Medicare in 2020 and that number is expected to increase to over 80 million by 2030.
🟦 While Medicare can be a complex and confusing topic, it's important to have at least a basic understanding of how it works, especially if you're nearing retirement age.
🟦 Join me as my special guest Eric Dudley will be explaining this complex and confusing topic.
Here are some HIGHLIGHTS from this episode.
04:36 What is Medicare?
06:08 It is important to know about Medicare
06:51 Understanding Medicare
07:21 Medicare Part A and Part B
09:38 Medicare Part C or Medicare Advantage
10:39 What is HMO?
11:22 What is PPO?
12:06 Medicare Part D
16:15 Medicare Medigap
23:55 Coverage example
25:43 What do Medicare part A and B cover?
30:56 Services not covered by Medicare.
35:29 Aging parents.
36:14 What Medicare plan suits you best?
38:23 Peace of Mind does not have a price
46:50 The importance of Medicare - 1
47:56 The importance of Medicare - 2