Medicare is NOT my area of expertise. Not in any stretch of the imagination. But after talking with Jae Oh from maximizeyourmedicare.com, I realized I really needed to up my game in understanding this most important issue.

Medicare for Beginners

After all, EVERYONE will use Medicare. And, unfortunately, if they don’t sign up correctly, their upside risk could easily bankrupt them.

So, in this video I look at a Blue Cross Blue Shield document which goes over some real basic Medicare information.

Medicare Definitions

Part A is the building you use for care, essentially.
Part B – The services you receive in that building, to include skilled nursing care.
Part C – is Medicare Advantage plans which MUST provide you an out of pocket maximum
Part D – prescription drug coverage
Medicare Supplements – Medigap coverage

Blue Cross Blue Shield

Blue Cross Blue Shield provides a nice example too that we go through to show you the risk and how a plan may minimize that risk to you.

If you are like me and completely ignorant about how Medicare works, this video is a good starting point.