A blog about Medicare. What you and your employees need to know
Medicare Advantage Plans
Author: Lora Drummond
Medicare Transition Specialist
This week I am sharing an Educational Spotlight episode from the talk show “65 and Counting” which highlights and explains all about Medicare Advantage Plans.
Did you know:
- Medicare Advantage plans cover Parts A & B and usually include prescription drug coverage also
- They are a type of Medicare health plan offered by private insurance companies contracted with Medicare
- In 2019, 34% of Medicare beneficiaries were enrolled in an Advantage plan
Who is Best Suited for a Medicare Advantage Plan?
What do Medicare Advantage plans cover and why are they different from Original Medicare?
Adam Frye, the Host of the Talk Show “65 and Counting” shares some interesting information about Advantage plans and why they are growing in popularity. Adam will explain what these plans cover and what types of folks usually benefit from these Medicare health plans.
For more education on Medicare, you can tune into the Talk Show or you can attend one of our free 123Easy Medicare virtual Workshops to learn the basics about Medicare is so you can better support questions from your aging workforce.
Or better yet, partner with us and we can provide Medicare guidance when you need it. Our services are free to you and your employees. We just want to help.
Enjoy this episode learning about Medicare Advantage Plans.
The video above is from our new “65 and Counting” Talk Show
A weekly presentation of retirement talk to educate and entertain! 🎤
Turn in to listen to all the entertaining episodes and meet our advisors!
Who are our listeners?
-EMPLOYEES working past age 65 and those planning to retire.
-HR PROFESSIONALS managing an aging workforce and compliantly transitioning employees to Medicare.
-CAREGIVERS interested in topics to help their senior clientele
-RETIREES asking budget, wealth management, and insurance questions
Ready to get started?
Check out our blog weekly for new resources, and helpful tips and tricks to build your Medicare transition strategy.
Your Medicare Transition Partner
Subscribe to Medicare@work
Other Posts from Medicare@work
What can folks do when they retire and are on Medicare, and then want to go back to work and enroll in their employer’s health benefits.
Choosing a plan based on a TV ad, a neighbor’s experience (good or bad), a postcard mailer, or a family member’s advice is not based on EXPERT advice. Unless, of course, your neighbor is a Certified Medicare Planner®!
When working past age 65 make sure your employer’s health plan is creditable before you defer your Medicare enrollment when first eligible.
COBRA after age 65 presents many unrealized risks when enrolling in Medicare later. Create a Medicare transition plan to avoid these risks.
Certified Medicare Planners® can be advocates for your employees when situations arise with Medicare and Insurance companies.
Medicare offers retirement benefit choices, and Certified Medicare Planners® provide Medicare transition with true fiduciary support.
Can you use drug manufacturer coupons and patient assistance programs when you are on Medicare to reduce your out-of-pocket expenses?
Medicare has many plan options so you are not stuck with the Medicare plan you chose! You should review your plan annually.
When transitioning to Medicare, employees will need a form called an Employment Verification Form from you to help them enroll under a special enrollment period and avoid penalties.
For retiring veterans, combining TRICARE for Life military benefits with Medicare is a coverage and cost win.