Turning 65 and enrolling in Medicare? Medicare Signup + Social Security Explained 

I never understood why low income people get free full coverage but senior citizens have to pay for insurance! This has been going on forever!

Your explanation confirms that I made the right choice for me A, B, G, and D through a local source.

Could the government make it any more confusing! Got a headache

Very good information. Just remember you buy insurance based on the future you not the present healthy you. I retired in 2019, healthy and took Traditional Medicare with Plan G. In Missouri this year in 2022 the monthly rate is $155.68 I didn't go to a doctor, no prescriptions, felt great. Last year in 2021 after a fall with broken femur, I was diagnosed with Stage 4 Cancer. I'm so glad I have good coverage with this plan! No co-pays nothing. Just the deductible from Part B and then everything is paid for. My prognosis is good but will be lengthy so my insurance decision at retirement was a good one. I don't have to worry about depleting my life savings or my house! Buy Plan G!

I’m only 48, but caring for my dad made me realize how complicated Medicare is and that I should gain a better understanding. Great video! Super informative.

I’m a financial executive approaching retirement knowing little about Medicare. This video was very enlightening. I like that it discussed the decision path rather than just jumping to a proposed solution.

My husband is about to turn 65, began receiving his SS last year @64, right after he retired. We received this huge, confusing book. Husband chunked it in my lap saying, "Figure this out so you can help me decide what to do." 😳 Four pages in I decided to see if there was an informative, non-biased video available to simplify. YES! Thank you, Hans! I think I can help him make a good decision, now! Bless you 100 fold, sir!

I want to thank you for finally giving an explanation about this I can understand.

Hans, THANK YOU! Wow, you explained the system, so I could understand clearly what the differences are. I turn 65 in 2023 and have been researching for the last month and most of the information was so confusing, but you are the man! I really can't thank you enough. I shared you on my FB page.

Part B is $170.10 .....but you may want to update your video......the Medicare people are charging quarter to quarter...and that is $510.30 every 3 months. Damned expensive if you're not ready for it.

You forgot to mention, if someone decides later to go from a Medicare Advantage back to Tradional A & B, there is a very good chance they will not be able to get a Supplement because of Medical Underwriting (they will ask health related questions).

Great teacher and very informative! Thanks very much

I want to say Thank You as this was fantastic video on something that is very scary for my wife and I. Not knowing what to do and confused. You helped walk through it so we now know what to do and feel very comfortable. THANK YOU!

Thank you Hans on a very well informed information on medicare.Will be looking foward to your new video about plan G..

Thank you so very much for your time and caring for all of us that need to make these difficult decisions . You explain so clearly advantages and disadvantages of the choices old farts , like myself, need to make. You are a very helpful person and I appreciate your videos and tutorials. Very helpful. Bless you, your loved ones, and all people you help with your honest and sincere presentations.

One of the best explanations on the Web.

Thank you. You have such a calming voice!

This is an excellent series of videos. It really clarified the SS/Medicare scenarios. I also had an opportunity to speak directly with Hans and his advice and guidance was indispensable. I highly reccomend himself and his team.

I tell it all cuz I'm that excited about these plans! Thanks for your videos! You have helped me better explain to beneficiaries.

Very good video. My wife turns 65 in November & we were so confused. You explained this so well. Thank you.

Awesome video clip! Your explanation is so clear, slow and detailed. It really helps someone like me whose English is not my native language. Thank you so much.

Advantage plans definitely make sense under some circumstances. I disagree with you about the biggest drawback with these plans. The biggest drawback is not the necessity of receiving care within a network. The biggest drawback is certainly having the insurance company manage your care.

If you can qualify for Medicaid after age 65 & on Medicare A&B, you can then get extra help with paying the part B premiums monthly & your part D prescription premiums, copays & deductibles. But u must apply for this help after you receive your Medicare card with your medicare #. Call Medicaid office prior to signing up for Medicare to find out what u must do to get help.

Five minutes into this video I was hooked and hit the "like" button. Nobody ever talks about whether or not to sign up for A & B or why/why not. No one has ever explained exactly what "creditable coverage" really is either. Your presentation is clear, concise, and well-organized.

I’m turning 65 this year so your presentation was super helpful. I’ll be giving you a call soon!

Presentation is top quality. Highly recommend watching this ….!

Thank you so much Hans for your short video with Medicare information in a very concise form !!! Until now, my head was cluttered, confused. 😄

You are a blessing to those making these decisions I am qualified widower and have not contributed to my own account. Thank you Hahn's.

Great job Hans

Another excellent Cardinal lesson. Thanks Hans for the wonderful info you share.

Thanks for the explanation, Hans, but yikes, USA healthcare systems and administration is a mess.

Hello, Please continue to post such an informative and creative videos. Therefore, people like us will be motivated and learn in real life.

Thank you for sharing 🙏🏿💕🙏🏿

Thank you. I was going to screw up. I have an HSA. Great information 👍

You forgot to mention. While a Medicare Advantage or Part C plan may not charge a "Premium" on some plans, you MUST still pay your Part B premium, which is $170.10 per month for 2022.

It should also be mentioned! Military retirees must have Medicare part A and B to qualify for Tricare as a secondary insurance. Tricare is free, and you only pay for part B Medicare.

Wery well presented. Now it's all making sense to me.

Thank you so much for this presentation, I am approaching retirement age and I don't want to get caught having to make decisions without some knowledge. Thanks so much! will keep your information.

Great information explained in simple terms. Thank you very much!!

An informative presentation which was Hans clearly articulated the difference between the Advantage and Supplemental plans and answered the many questions I had as I become eligible for medicare this year. Plan G appears to be the option that would best suit my specific situation - Thanks

Great info & details concerning Medicare choices . Really appreciate the visual & how well you explained everything. Does G cover being insured while traveling throughout the USA & also oversees / Europe etc etc ? ? Thx 👍

Great Video Hans ! I now have a better understanding. Heading to Puerto Rico LOL They give and take till we die 😉

Glad my job handled all that. My retirement includes only a small monthly premium with Medicare. No copay’s and no limit on anything I need medically, any doctor, any hospital stay or procedure. $5.00 or less for ANY medicines. Also same for dental and vision coverages. I’m Grateful 😊.

Very informative.Thank you.

I took my social when I could. I kept working. I took the amount of my SS and put it into a non taxed retirement plan that made additional money in the market and had contributions by my workplace. It boosted my retirement nest money and did not raise my taxes. It would take years of ss checks to make up the difference in my gains which allowed me to retire earlier. Remember, when a spouse dies, you get to take the larger spousal ss check. Also no guarantees on your life span. Every one has to determine for their self.

Great video, thank you!

Think I might be calling you on next week, turning 65 June of this year, but will continue to work.

Great presentation!! Alot of good useful information. Thanks so much!! I'll be 65 in 6 months🤔

Super informative, thank you!

Bye the way, Hans, thank you for your vids and help.

Best explanation ever!

Thanks Hans for the quick reply on my last post👍🏻👍🏻 We live in Massachusetts and will be going with BC/BS using their Part G plan. We have gone to 2 of their seminars already. Once back in 2013 when my Wife went on SSDI age of 53 because of medical reasons. She also got to sign up for Medicaid and we took Part A but suspended Part B because she is on my plan at work. I already did same at 65 a few years ago ( I am 67 1/2 now ) and sort of planning to work to 70 ( like you ). Actually have 2 questions in this post. First one is … from going to the BC/BS seminars I got the understanding that age or being married or not DOES NOT effect the monthly price of say the BC/BS Core plan. From what I read … here in MA … the prices are fixed ? For instance right now it is $107.88 no matter what ? Second question … now this one is a tuff one … when I turn 70 and start collecting … my Wife will only be 64 but she is collecting SSDI. I was told way back when ( don’t remember who but it may have been the Lawyer handling her SSDI case ) that when she hits her Full Retirement Age the SSDI turns into regular SS and she still will get the SAME amount. My question is … could she file for half my amount if it was larger ? If so … would the they use the amount I would have got at 66 ( my FRA ) or would they use my age 70 when I do retire amount ? …. Thanks again … I am going to check out your other videos here. Happy that this one came across my RU-vid feed to watch 👍🏻👍🏻👍🏻

Very informative, thankyou!

You will pay $170.10/ month, no matter what. You pay it to the federal government, monthly. If you elect Medicare Advantage (private health care) instead of Medicare, the Federal government pays that $170.10/ month to the private insurance provider. Either way you pay $170.10

Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income. Thanks to fire movement..

Very informative, thank you!

Retire at the young age of 62! Take it early and enjoy the Outdoors! Our channel can help you with that!

Many people have not been made aware of profit driven privately run Direct Contracting Entities(DCE) participating in the publicly funded Medicare program. I and many others would appreciate you doing an informational RU-vid video on DCE's. Just to let you know, I thoroughly enjoy your videos. Thank You

I hear... Lets say you want G Plan... The Insurance company you select will try and switch you to an Advantage Plan because they can make more money. They are looking for a better commission... Thanks for your Video, it was Excellent and Clear.

Hi🙋🏻‍♀️I’m going to 64; and actually I’m very interesting in know about this; I will watch again with whole atención! I’m really need all the information to make a decision to maybe be retired at 65. Thank you very much.

Straightforward and helpful. Also frightening due to its complexity. I need to be sure I understand the Medicare Supplement route: Original Medicare (Parts A & B) + Medicare Supplement + Part D + Dental + Vision. Monthly Costs (Based on Averages in Michigan): Part A = $0.00, Part B - $170.10 (plus IRMA if applicable), Medicare Supplement = $150.00, Part D = $40, Dental = $30, Vision = $25.00 = $410.10/month = $4,921.20/annual And, this does not include the deductibles, coverage limits, out-of-pocket, and excuse the cynicism, other hidden fees and costs. Are these estimates in the ballpark? If so, why would anybody take this route over Medicare Advantage?

Thank you! Great video.

Excellent presentation. Hopefully you are still there.

Great presentation.

this... approaching 65 and this helped clarify a lot.

I only took part A because I’ll still working and have insurance from my union. Also m, still working and don’t care about does damn penalty. I let them take 7 percent out of my check. Will be retiring 2025.

Great great video

very interesting thank you.

Great presentation. I'll go with original medicare and add at supplemental plan - probably from Blue Cross. From what I hear, their high deductible Plan G has a reasonable monthly price. I assume they also have the drug plan. I will find out shortly!

I will say it every time. You should have a million plus followers.

When they take your income into consideration for setting the premium, is it based on "earned income"... or do they take entire income...ie, rental income, dividends, capital gains, etc in to account?

Good info. My situation was somewhat unusual. My wife born before 1955 and I born 7 years later than she took advantage of the restricted claim loophole. I filed at 62 so she could file a restricted claim on my benefits until she reached 70 and then switched to her maxed out benefits. But she passed at 69 1/2. I then filed as a surviving spouse to get her benefits. Not many people talk about "restricted claims"

I’m in a quandary! I’m 64 , as of last week....thought I was still covered by mediCAL because they said I automatically got that from SDA whether I wanted it or not....then I had kidney stones last month, bam! Ambulance and extended ER VISIT...I didn’t even pick up the prescription for the pain, because I didn’t know I wasnt covered...my disability is memory due to grand mail seizure 10 yrs before I even was forced to apply.....State disability....I was 25 dollars short of the Regular disability...I never once had an explanation of anything! Plus, I’m in a County that has been taken advantage of ....they dump the inmates without a home County right here...the poorest county in Calif.....due to what I’ve witnessed....blatantly flaunted County corruption...even the elections official quickly resigned19 yrs and attaining the top pay, all of the Softwares and analytics were being outsourced! That happened in 2010... I called it corruption building...it was too fishy...always too fishy when the ?Demons are in office! Lol sorry! I have to figure out how much I can even afford...I just started collecting mySoc Sec. 2 months ago .. and I get some of my ex’s Retirement. ..total is 1900 to 2100 a month ...and a gallon of gas is over $6/gal! I was in a major ?Wildfire that wiped my home off he map, and all past paperwork was destroyed ! I didn’t realize that the state worker I already had serious problems with, purposely had me canc Elle’s, even lied and said I never attended tthe appointments she set up....3 counties were telling me I had the same appointment the same day at different times. Well I never got he mail...my entire community was obliterated....the Valley Fire, S pt 12 2015. We weren’t allowed back for over 2 months!...it was devastating and was the #3 worst disaster in .cali history at the time....more corruption ...but, I never got any hearing or a chance to report ...basically what I didn’t know, and had every phone call I made to the worker was not returned...,she said “you’re no longer MY problem.” That was the final message I received...and she hung up.

I helped my husband sign up I get it next year so I know what to sign up for

This was so helpful and confirmed what I had hear about creditable coverage and HSAs. The question I have, not sure who has the right answer, is this: I've heard and read about numerous down sides and red flags about these somewhat new advantage plans. The insurance companies dictate when, where and how long based on AI algorithms. In other words, everyone in these plans better be in the same cookie cutter. Otherwise, you may be denied coverage or forced to leave a hospital because what you need is outside their algorithms. Ugh! Insurance companies, they look for ways to deny coverage over concerns of what an individual patient needs. I hope when I go off group insurance, I can afford staying the heck away from advantage plans.

great stuff. Thank you

My husband is 17 years younger than me. He still works and I am under his group coverage. I turned 65 four years ago. I DID apply for Part A, but that is it. I probably will not need Part B and D or Part C, for many years. I hope I am not paying penalties when or If I ever am off my spousal insurance coverage !! Whew....now I am scared !!

Awesome penmanship on your dry erase board!

I just read up on Medicare part A and it looks like there are Medicare part A deductibles of around $1600 that reset every 60 days for hospitalization. At this time with kaiser FEHB I don't have any big deductibles ($50 to $100) and only small co-pays($15). Like most people I don't have a fat savings account to pull deductibles from. So it looks more and more that I would be better off not using Medicare A and I don't need part B because my Kaiser covers everything except dental. The other concern I have is if Kaiser and Medicare disagree on a procedure that I can get now would leave me out in the cold and/or having to pay for something that is currently covered.

You didn’t explain group insurance not qualified, veterans or VA? Can I use the VA as secondary insurance

I made the biggest mistake in selecting the wrong insurance carrier after getting A and B. I can't waite for open enrollment to dump this carrier. Its been nothing but problems since I signed up for the other insurance required for the supplement. Let the buyer beware take your time getting coverage. It was bad enough to have a part taken out of my benefits. There are so many good carriers but I selected one that took the money but didn't provide the services that were suppose to do. Joel

So, what if you had coverage from the V.A. and social security suggested that you only get part A? My husband did that and they said if he gets part B, he will get fined. Except for the fact that he does not have any kind of dental or vision, he does not pay any out-of-pocket costs for medical appts or hospitalization. How would he add dental and vision then?

What are the Lifetime Penalties ? Cost ?

Can you advise me..? I am 65 as of April 2022 this year

Beautiful presentation !! Can I switch from Medicare Advantage to Medical Supplement or vice versa every annual enrollment?

Wish I'd seen this video earlier...thought once you hit 65 you'd automatically be issued a Medicare card... Life Time Penalties, absolutely terrifying!!! well I'm done, can't afford medical insurance on my job and facing penalties renders me hopeless...

Doesn’t signing up have to do with the number of employees if you are still working for part A?

Very interesting presentation full of a lot of different options to think about. What happens when you're covered by a state benefits package as part of your retirement after age 65?

Another great educational video, thanks for educating us. Question Hans, I will be 65 in July and will continue to work. I am covered by my wife's group insurance with an employer that has over 3000 employees and is covered by an HSA therefore I do not need to sign up for "A" or "B" , correct ? Also I have a letter from her group insurance company that it is "Creditable Coverage".

I received a pile of confusing Medicare insurance stuff in the mail. I dislike the complexity. Yesterday was garbage collection day in my neighborhood, and I put the whole pile in the garbage. It felt good.

Excellent information and I like how you explained everything. Is there a fee or premium for your service?

Don't forget the 6 month look back with Part A in regards to HSA contributions.

Very good video and very informative but I do have a question. I am unders FERS and past my FRA of 66 and still covered under FEHB. My question is I plan to retire in December 2022 and want my Social Security benefits to start on January 1, 2023 meaning that hopefully, I will get my first check in February 2023. I plan to take my FEHB into retirement and want to also have Medicare. Since I have 8 months after retirement to sign up for medicare and want to start getting my Social Security benefits in January 2023. Can I defer my medicare payments for 8 months or will the payment come off my social security in January or February 2023?

I'm 64, almost 65 and have recently been approved for Medicare. Now I'm on the hunt for a medigap policy. There are 3 brokers I'm considering and you're one of the finalists. Does your office offer any add-on services when working with you? For example, some of your videos speak directly to retirement and tax planning, and that's something I would be interested in learning more about. If there are fees for that, I'd like to know, in broad terms, what that might look like.

where did my AMERICA go??? and WHY WHY WHY is this not automatic for ALL ALL ALL Americans???

Hans, G is not offered in Wisconsin

Awesome video! What is Medicare Extra Help?

So really, the advantage plans are misleading when they say there are $0 premiums because you still pay the $170.10 premium for Medicare B. In which the federal government sends to the advantage care provider

I will have to call the social security office

Turning 65 May 2023, I'm currently on my spouse's insurance and they have more than 20 employees. We also have an FSA with her company. Does that make a difference?