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