4 Parts of Medicare...and what they cover! | URS Advisory

Navigating the world of Medicare can be overwhelming, but don't worry, we've got you covered! Our URS Advisory and URS Insurance President and Medicare expert, Julia Lembcke, is here to break down the complex parts of Medicare and help you understand exactly what they cover. Sit back, relax, and let us guide you through the Medicare maze! Key Takeaways: - Medicare Part A: Covering hospital insurance, Part A ensures you're protected in case of any unexpected hospital stays. - Medicare Part B: This essential part of Medicare covers your medical and doctor insurance needs, ensuring you have access to quality healthcare. - Medicare Part C: While optional, Part C, also known as Medicare Advantage, offers additional coverage often including dental, vision, and prescription drugs. Discover the advantages of Part C! - Medicare Part D: Prescription drugs can be expensive, but worry not! Part D provides coverage for your necessary medications, granting you peace of mind. - Part B Premium: Understand the base premium for Part B and how it affects your coverage. - IRMA Penalty: High-income earners may be subjected to an income-related monthly adjustment amount (IRMA) penalty. Julia Lembcke will explain what this means for your Medicare coverage. - Out-of-pocket costs: Get the scoop on your responsibilities for certain costs, including Part B hospital deductibles and annual deductibles. - 80/20 Coverage: Discover how Medicare covers 80% of allowable costs, with you only responsible for the remaining 20%, without any annual cap. Whether you're new to Medicare or just need a refresher, our email will be your go-to resource for understanding the ins and outs of this vital program. Don't miss out on Julia Lembcke's expertise and take advantage of her guidance today! [00:00:00] Intro [00:00:54] Medicare Part A [00:01:09] Medicare Part B [00:01:43] Adjusted gross household income [00:01:55] Premiums for Part B and Part D Opinions expressed herein are solely those of URS Advisory. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your financial adviser or qualified professional before making any financial decisions. Join our Email List: https://mailchi.mp/ursadvisory/stay-connected Schedule a 20-minute Conversation: https://calendly.com/ursadvisory