Medicare Annual Enrollment 2022 and Medicare Supplement Explained



Hans reviews the 4 parts of Medicare Part A Hospital Part B Medical Part C Medicare Advantage Part D Drugs Medicare Supplement Plan G

-Compare your existing Part D drug plan to others available in your zip code. Any changes must be done between October 15th and December 7th unless you are new to Medicare or qualify for a special enrollment period.
-Consider a Medicare Advantage plan to save on premiums (compared to Medicare Supplement). Any changes must be done between October 15th and December 7th unless you’re new to Medicare or qualify for a Special Enrollment Period. We sell for Humana, Aetna, Cigna, Anthem, and UnitedHealthcare/AARP.
-Change your Medicare Supplement policy to an identical one with lower premiums through another insurance company (we represent 40 companies). This can be done at any time throughout the year.
-Add insurance coverage for home healthcare, assisted living, dental, vision, hearing, and prescription drugs.

Call us at (919) 535-8261 or visit our website at CardinalGuide.com.

Board Transcript:

Board One:
Left Side:
Medicare
Original:
Part A – Hospital
Part B – Doctor + Outpatient

Medicare Advantage:
Part C – (MAPD) AARP / UHC, Humana, Aetna, Cigna, Blue Cross, WellCare
Part D (PDP) – Drugs

Right Side:
Medicare Supplement: Medigap (Enrollment all year)
– Pays gaps of original Medicare
– Can’t have if on Part C (Medicare Advantage)

1) Annual Enrollment Period (AEP)
– Oct. 15 through Dec. 7
– Effective 1/1/2022
2) Open Enrollment Period (OEP)
– Jan. 1 through March 31
– Effective next month
3) Initial Enrollment Period (IEP)
– 65th birthday
– Effective next month
4) Special Enrollment Period (SEP)
– Move, retire, disaster/storm
– Effective next month

Board Two:
Left Side:
Original Medicare:
Part A – Hospital + Skilled nursing | $0 monthly cost
Part B – Doctor + Outpatient | $148.50 + IRMAA

Medicare Advantage:
Part C – Hospital, skilled nursing, doctor, outpatient, prescription drugs (Part D), dental, vision | Many times “zero premium” | Network doctors + hospitals

Part D (Drugs) – $10 to $40 per month | Late sign-up = lifetime penalty

Right Side:
Medicare Supplement
– Change plan 365 days / year
– 10 plans | “G” has the most benefits

Price chart:
Male, 70, single, Plan G

Company | NC | CA | FL | NY
Aetna | $118 | $202 | $349 | n/a
AARP/UHC | $132 | $164 | $315 | $278]
Mutual of Omaha | $131 | $185 | $303 | $476
Humana | $128 | $188 | $331 | $398
Anthem (BCBS) | $159 | $157 | $308 | $268
Cigna | $130 | $167 | $348 | n/a

Long-Term Care Insurance

Email: Hans@CardinalGuide.com

8 comments

  1. Thank you so much Hans for this great and very informative video!! This will really help me make a decision based on the information you presented and you mad it easy to understand!!

  2. I really enjoyed this informative video and called to get more information. She took my email and said she would send it but I never received it.

  3. So since I am 65 but still working, I don't need to sign up as long as I have employer-provided insurance, right?

  4. Hans, your videos are so packed with information. But I cannot for the life of me understand why you insist on holding those books! At 9:40 you pick them up for no reason and for the rest of the video, you either wave them in front of the board, making it harder to see the information, or you move them from one hand to the other. Are they a security blanket for you? I just don't get it.

  5. My understanding is the new bill that is almost getting passed will include vision, dental and hearing with Medicare. Love the presentation.

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