Medicare Planning 101

Do You Know Much About Medicare?

Unfortunately, I don’t either.

That’s one area of financial planning I have been grossly deficient. Which is odd actually given health insurance is actually a FINANCIAL decision.

I knew I needed to up my game and over the past month have been eating up as much information on Medicare as I possibly could.  But, man oh man, it’s like the Wild West out there.

Go to Youtube and there are a million different people, ALL it seems with a sales pitch.  (One of the reasons I started my own Youtube channel was because of this exact thing. Tons of people selling stuff, but few people actually offering financial advice.)

Anyway, so in my research I came across a guy’s podcast.  And I gave it a listen. This guy, Jae Oh, was different in every aspect because his content wasn’t just an informercial about his services and how he can help.

Turns out he also literally wrote the book on Medicare planning “Maximize Your Medicare“.

So, I figured I’d reach out to him to see if he’d be interested in being interviewed on my podcast.  More than anything, I wanted to learn more about Medicare myself.

He agreed and we had a wonderful discussion which you can find here.

Even better you SHOULD sign up for Jae’s free newsletter.  I’ve read some of the backissues and I can’t even begin to tell you how much I’ve learned in just the 10 days or so I’ve been reading his content.

For instance, switching from Medigap to Medicare Advantage is not a problem.  But going the other way??? You need to go through underwriting.  Who knew? I certainly did not.

Oh, how about this… Medicare Part A and B have unlimited out of pocket potential.  But ALL Medicare Advantage plans, (Part C) must have limits to their customers out of pocket costs.  Again, who knew? I didn’t.

Yet, isn’t this important stuff for a financial planner to know? Out of pocket medical expenses are nothing if not a FINANCIAL issue, no?

So, I’ve taken it as my mission over these next few months to get educated on Medicare.  In fact, Jae and I are going to do a state-by-state podcast excursion, where we run down the ins and outs of each state and their Medicare options.

Stay tuned, you don’t want to miss out.  Don’t forget EVERYONE is affected by Medicare.  The more you know about it, the better your decision making will be.

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