In this Medicare 101 video CoverRight CEO, Richard Chan discusses the basics of Medicare and covers how to evaluate Medicare plans and costs. This presentation was done in collaboration with GetSetUp. After this session, you will be able to:
- Determine which plan(s) are right for your needs – Medicare Advantage vs Medigap vs Original Medicare only
- Pros and Cons of each Medicare plan
- Do you want a PPO, HMO network or access to visit any doctor of your choice
- How to evaluate the qualitative and quantitative difference of a Medicare Advantage plan
- How to select a Medicare Supplement plan / Medigap plan and the key differences between Plan G and Plan N
- Calculate what your Medicare costs will be and how to evaluate out-of-pocket/non-covered costs
- Part B Premiums – Copays – Coinsurance – Out-of-pocket maximums
- Medicare Part C premiums (for some plans)
- Medicare Supplement premiums
- Evaluate if a zero-premium Medicare plan is right for you
- Why its important to select the right Medicare Part D Plan