2 minor corrections: The 1st Part A - Medicare paid amount should show $8,000 - not $7,000. A note comes up as we write it. Luckily, this number is not consequential for the purpose of the video. 2. The date on the final picture should say: 1953 - 2024 Thank you!

@Matlockization

3 ай бұрын

I didn't know where this video was going, but I'm glad that your costs were relatively minor. I'm sorry for your loss. Diet is important. What are your thoughts about the Burzynski’s cancer clinic ?

@goodlucking244

3 ай бұрын

I’m so glad to hear your mother succeeded so long while having cancer as a potential part of life. Thank you for sharing your family’s personal example as a clear view of a particular case and how things work under different coverages and plans.

@debbiedebbie9473

3 ай бұрын

I'm sorry for your loss. Thank you for the information.

@jenatsky

3 ай бұрын

Why didn’t you cover MC Hospice coverage? You’ve painted an incorrect picture to viewers!

@Theretirementnerds

3 ай бұрын

@@jenatsky she wasn't on hospice until the final hours of her life. As in... 3 hours.

This must’ve been a very difficult video to make.I admire you for still wanting to help people with this information it had to be a little painful.

@Theretirementnerds

4 ай бұрын

It's been almost 2 months. Keep everything together pretty well until I see those pictures or random things will trigger memories. I'm glad she's not suffering anymore. Will always miss her. Thank you for watching and taking the time to write your comment 🙂

@donreinholz8121

4 ай бұрын

So sorry for your loss. Excellent video. Cancer sucks. God Bless.

@saraw112

3 ай бұрын

I’m sorry for your loss. Thank you for this info.

@tonydugal5275

3 ай бұрын

My condolences about loss of your dear mother. Thank you for sharing her Medicare information as a teaching opportunity. Your videos are among the very best, as you present with clarity and authority.

@angeli1332

3 ай бұрын

My condolences on the passing of your Mom. 🙏 Thank you so much for taking the time to make this video. Its really helpful. New subscriber here.😊

Thank you so much for doing this comparison. I was caught by a Kaiser Advantage plan Oct- lot of diagnostics, no hospital stays and hit my MOO of $6500 with MRIs + biopsies. As you say MOO reset with the calendar year and I got another hit up to MOO. Thankfully- at the end of it all: there was nothing 'wrong' with me, just inflammation! And it left me $13,000 poorer! I still think it is criminal that 70 year olds are supposed to 'figure out' their best gamble. Maybe if ALL public office holders were limited to original Medicare coverage, things would change.

@Theretirementnerds

4 ай бұрын

Thank you for sharing your experience. Happy to hear you are ok. Sad to hear the cost 😳

@kristiG5259

3 ай бұрын

Pay $25/month.

@cgilleybsw

2 ай бұрын

explain please @@kristiG5259

@cgilleybsw

2 ай бұрын

completely agree with you. Put those SOBs on Medicare as long with the entire federal workforce.

@c.m.303

2 ай бұрын

@@kristiG5259 Great solution, I hope this person reads this comment!

Another elephant in the room is that the advantage plan typically requires the private insurance (advantage provider) preauthorize treatment and increasingly cap treatment based on algorithms that in many cases disadvantage the patient. This caveat cemented my decision to pony-up for a supplement plan and just budget for those premiums.

@papacharlie-niner148

3 ай бұрын

100%. The Prior Authorization (PA) requirement for Advantage will be a deal-breaker for me. Nobody should have to play Russian Roulette with their health and that's what the PA system is. People have died from routine PA denials. Only eligible medical treatments are covered by the OOP max, and guess who gets to decide what is eligible or not? The insurance company. Kafka himself couldn't have come up with a more absurd conflict-of-interest setup.

@texaszag8748

3 ай бұрын

@@papacharlie-niner148 It’s quite sad here in the US that in so many cases we have the fox guarding the henhouse. You can see from the way capitalism in the US works that the system was always rigged for the capitalists.

@MaryC-ug4pf

3 ай бұрын

@@papacharlie-niner148 I've had an Advantage plan for over 10 years and have never been denied a single thing. I went through stage 3b colon cancer treatment.

@NoSpam1891

3 ай бұрын

If you think Advantage is good look up Clover Health.

@MJFisher76

3 ай бұрын

The MA plan would deny the approval 1-2 months after hitting the max out-of-pocket.

I work in healthcare. Many doctors just abused the system. I just had an 86 year old patient going through Chemo that has Aortic Stenosis (valve doesn’t open enough) and her doctors are trying to talk her into having it replaced. They want to do the surgery before she dies of cancer. I have had patients with Dementia, Alzheimer’s and Parkinson’s al with the same valve issue and they DO THE SURGERY! All to prolong the misery of both patients and caregivers and to enrich themselves. DISGUSTING!

@annlanham211

3 ай бұрын

Sad that this happens.

@rlarsen000

2 ай бұрын

Having an advance medical directive and medical power of attorney in place before need is important. So is letting the hospital know these things on admission. My wife was a nurse and knew what she was heading into, so she had all this in place (as do i). She made sure before her last hospitalization that I knew to specify DNR and no intubation. She had been fighting cancer for six years. I respected her decision and the hospital did also without any question.

@billytheweasel

2 ай бұрын

@@rlarsen000 Respect. Thanks for sharing that.

@jhmstagg9104

2 ай бұрын

On the other hand, I was planning to live to be a 104. At 86 that replacement might come in handy for me.

@aljay2955

2 ай бұрын

The medical system in America promotes legalized theft. What if a person starts paying health insurance at 20 and is now 60 and never used the insurance. You never get a refund of any of it, the insurance company just keeps the money. Total ripoff.

I’m 72 years old and retired, live in the UK, in Jan 2019 I had an MRI scan which showed tumours in my spine. After various tests I was diagnosed with Solitary Plasmacytoma of the bone and Multiple Myeloma. They gave me radiotherapy daily for five weeks this was followed by keyhole surgery to clean the tumour from my vertebrae, and injecting orthopaedic cement into my vertebrae to repair it. After this I had five months of chemotherapy, this was followed 5 months later by a stem cell transplant in December 2020 which required a 4 week inpatient stay in hospital. Since then I have to take low dose chemotherapy daily and have been in remission ever since. Due to our healthcare system in the UK I have paid nothing for my medical care other than our usual taxes.

@ChatGPT1111

Ай бұрын

So is your purpose in commenting on the U.S. healthcare benefits to gaslight all of us? Isn't there a U.K. Channel you can troll?

@jmash7751

Ай бұрын

@ChatGPT. Goodness! A little touchy, aren't we? There is nothing wrong in his pointing out the obvious lunacy of the American healthcare benefit system.

@herrickinman9303

Ай бұрын

@@ChatGPT1111 You're the troll, and you're misusing _gaslight._ According the Merriam-Webster, _gaslighting_ is 1) psychological manipulation of a person usually over an extended period of time that causes the victim to question the validity of their own thoughts, perception of reality, or memories and typically leads to confusion, loss of confidence and self-esteem, uncertainty of one's emotional or mental stability, and a dependency on the perpetrator. 2) the act or practice of grossly misleading someone especially for one's own advantage. It is a fact that our healthcare system in the U.S. is the most expensive in the world, but not the best. Let me guess. You're a Republican, you voted for Trump in 2016 and 2020, and you're going to do it again in 2024.

@ChatGPT1111

Ай бұрын

@@jmash7751 If we includes you, you are 100% right. So I suppose you're another foreigner who has no problems. Why do we have to pay for your defense and security? Because you're too pussified to hold a weapon, boo-hoo. Get a life.

@shadowguard3578

Ай бұрын

@@ChatGPT1111​​⁠what a bizarre comment.

My husband is battling Cancer in Canada. He is also 70. So far we have been charged $45.00 for an ambulance which I can claim on my income tax. He has spent 3 weeks in hospital so far, has had ultrasounds, MRI’s CT Scans, radiation and chemo treatment.

@Theretirementnerds

3 ай бұрын

Thoughts and prayers headed your way 🙏 Hope all goes well and thank you for sharing!

@johnl5316

3 ай бұрын

The gove can can put him down for free in Canada

@paleghost

2 ай бұрын

@@johnl5316 under an advantage plan they could decide not to approve the treatment or stall until you died. I was in London UK recently and was treated by their national health plan for pneumonia. I cannot overstate how much better the level of care was compared to the US. At my local hospital I'm lucky if I can get through the checkin paper work within a couple of hours. At Queens Hospital in London all they needed to see was my passport and I was being treated by a Doctor within 20 minutes. As I was checking out of the hospital I asked how I would be billed. No charge.

@CraftEccentricity

2 ай бұрын

No you haven't. You and others have paid taxes all their life to cover it. So, how much have you really paid?

@Vicki1930

2 ай бұрын

We are so fortunate 🇨🇦and now basic dental . Great legacy from Tommy Douglas 👏 🇨🇦

Having just retired and signed up for Medicare I researched Medicare extensively. This is the best video I've seen. It makes everything very clear.

@Theretirementnerds

3 ай бұрын

Thank you so much! So glad it was helpful!

@cgilleybsw

2 ай бұрын

seriously? I'm not criticizing the video, but this is not "care" in any sense of the word. This is government malfeasance.

@lindamacfarland8468

2 ай бұрын

I agree totally about this video! I just finished signing up in March. I'm just seeing this video today. I'm accomplished with my Medicare choices and this video confirms. I will use this video to show friends and family that I assist in their medicare choice.

@c.m.303

2 ай бұрын

@@lindamacfarland8468 Just make sure you look into those advantage plans if that is what you picked...they have thousands of complaints of refusing to treat patients. They get X amount from medicare for each person, and it's all profit if they don't have to pay for care. It's a horrible experience if you have an emergency and find out they won't approve services and you'd have to get them to "release" you if you find out the hard way and want to return to original medicare. But they just can't seem to find that request.

@bwhiteman1

2 ай бұрын

I agree with you, the very best video. RIP peace dear mom......

By contrast, my wife lived with stage 4 ovarian cancer for 8 years. During that time, she received countless amounts of chemo at excellent hospitals in Ontario, Canada. Her care and the various drugs extended her life well beyond her projected life expectancy. The only expenditures for which we were responsible were the hospital parking fees.

@rb239rtr

3 ай бұрын

Ontarian here, A fellow Ontarian emigrated to USA with her husband- at 60 she was diagnosed with terminal cancer. Her insurance company refused to pay for anymore treatments due to the terminal nature. Her oncologists believed with good care, she would have 2 or 3 years of quality living. She hired lawyers, sued her insurance company to continue treatments that although won't save her, will giver a couple good years of life. So now she is in palliative oncology care, covered by her thieving insurance company, enjoying the start of a second year of EOL. Why so many people want this system in Canada staggers me.

@os2958

3 ай бұрын

@@rb239rtr Agree. Imagine if someone did not have the money for lawyers. The corporations are very good at marketing and persuading people

@chelseacraft4669

3 ай бұрын

Because Canada protects its citizens from being gouged by the wealthy class.

@tapps1010

3 ай бұрын

@@rb239rtr Usually comes down to "sticking it to the libs" idiocy.

@commonsense6967

3 ай бұрын

@@tapps1010Actually, it comes down to having choices, and the ability to be seen far more quickly for cancer diagnosis and treatment than in most socialized medicine countries.

Wow, this is one of the best pre-Medicare videos I've seen. I'm 64.5 and 6 months away from Medicare and this was EXTREMELY useful!! Thank you!

@Theretirementnerds

3 ай бұрын

So glad it was helpful! Thank you so much for spending some time with us!

@kennethward4985

3 күн бұрын

If you have any serious illness, then get the G plan. I pay $ 203./month but almost nothing else. Plus I can see any doctor I wish.

With original Medicare, it's much easier to determine what will be covered. There are no guarantees with the prior authorization process. Although there are new rules to speed the process, imagine the stress of having to wait for the determination and the real possibility of denials and appeals. I worked in healthcare for 50 years. I've seen what that added stress does to the healing process. When I went on Medicare, it was a simple decision based on eliminating for-profit insurance companies from my healthcare decisions.

@tombkk1322

3 ай бұрын

Did you have a supplement plan G?

@tioswift3676

3 ай бұрын

Supplement plans are for profit insurance companies.

@maryshkamiceli8388

3 ай бұрын

I'm glad you wrote that ! I saw my Mom struggle with worry about her medical care with her HAP when she was sick. Worried about losing her insurance if she went outside her plan even when I paid out of my pocket to get her 2nd opinions. Her worrying about her insurance status wasn't conducive to her getting well. Stressful for everyone in our family.

@buggsy5

3 ай бұрын

Supplement plans make their money from monthly premiums plus whatever your OOP maximum may be. The advantage plans make a lot of their money out of denying care, which they know most people will not fight. Both types of coverage are provided by for profit insurance companies. @@tioswift3676

@buggsy5

3 ай бұрын

I think that out-of-network bills plus possible denial of care are the two major fears of people on advantage plans.@@maryshkamiceli8388

We lost my mother on Christmas Eve 2021, ending an 8 month battle with cancer. We went through chemo, transfusions, and hospital stays nightmares all during this fight. The doctors never gave us the true facts on her condition. They kept giving us hope that she would recover up till the very end. My heart goes out to you and your family.

@Theretirementnerds

3 ай бұрын

Thank you, Debra! 🙏

@H2SO4H20

2 ай бұрын

Medical science is not exact and the power of hope not understood. My mother was told in her hospital room in my presence that she had at best six months to live due to colon cancer. She instead lived another 20 years during which she survived hip replacements, shoulder surgery and breast cancer (twice) only to die of heart failure in 2021 at age 95. She might still be alive if she had gotten the heart valve replacement she wanted but she was excluded because of her age.

@dr.nigelcool3771

Ай бұрын

It's a terrible shame, something similar happened to my dad. I don't think the doctors are deliberately trying to do excessive treatments and surgeries just to make a buck, but there is always some pressure to bring in more money, and this has to influence their decision-making at least subconsciously.

@whodidit99

2 күн бұрын

@@dr.nigelcool3771 Yes they are. The more they intervene the more money they make.

First, I am very sorry for your loss. As a 63 (as of this month) semi-retiree, I have been searching for a video just like this. I am sending the link to a dozen of my friends who have been looking for something like this as well. I cannot tell you how much I appreciate all the work that must have gone into this during a very difficult time.

@Theretirementnerds

3 ай бұрын

Thank you so much for watching and sharing ❤️ Your kind words mean a lot 🙏

@eleonorabartoli2225

3 ай бұрын

Yes, this video was great. I signed up last month with Original Medicare and a High Deductible Plan G: the broker I went to never mentioned it but it was on the Medicare site for my state and I first heard about it in YT videos like this.

@tioswift3676

3 ай бұрын

@@eleonorabartoli2225 Probably because there’s no point to have a HD plan, it makes no sense.

@eleonorabartoli2225

3 ай бұрын

@@tioswift3676 It is actually because the HD plan premiums are much lower(around 40$) than the G plans (around 175$), so the broker commission is much lower. My liability is limited at about 2800$ a year and I have money for food to keep me healthy. It makes perfect sense to me.

@eleonorabartoli2225

3 ай бұрын

@@tioswift3676 Actually, it is because the premiums are so low that the brokers do not make much in commission. HD plans make A LOT of sense for people who do not have an extra 200$ a month but who still want to be protected from impossible to pay bills. My HD -G plan premium is about 40$ a month and gives me a maximum out of pocket liability of 2,600$ a year. You need to inform yourself!

I had heard of people going bankrupt due to medical bills even after having Medicare. This presentation showed me how having supplemental insurance on top of Medicare could help me prevent that from happening. This is the best presentation on how to avoid this that I've ever seen.

@Theretirementnerds

2 ай бұрын

Thank you so much!

Wow ! 😢I'm so sorry about your mom, but that bill was huge, thank you very much Eddie

@Theretirementnerds

4 ай бұрын

Thank you Eddie. Appreciate your support for so long!

I’m sorry about your mom. She was a brave soul to battle cancer for so long. God bless her memory and those she leaves behind.

@Theretirementnerds

2 ай бұрын

Thank you 🙏

This is insane. Thank you for explaining what most retired or soon-to-retire Americans DO NOT UNDERSTAND. Your chart and explanation shows how complicated and convoluted our healthcare payment system is at every level and in every circumstance. We need a national healthcare system.

@Theretirementnerds

3 ай бұрын

Thank you for watching!

@chelseacraft4669

3 ай бұрын

Stop electing wealthy people & things will change.

@edennis8578

3 ай бұрын

Oh, sure. Then we can have the feds messing up everyone's healthcare, not just the vets' or Medicare. Forget that.

@edennis8578

3 ай бұрын

You do realize that Medicare **is** nationalized heathcare?

@buggsy5

3 ай бұрын

Just making advantage plans illegal and have everyone use original medicare with supplemental plans would greatly simplify the medicare system.

After 2 visits to hospital and an operation for bowel cancer…my mother in law started to have pain after…she was told her cancer had returned. She refused more interventions and chemo. Not very long after she went to an end of life facility and passed away peacefully under pain medication. I believe that once there is really nothing they can do except pile on expenses…it is Ok to put a stop to all extra expenses especially for people that do not have all that extra $ to pay. May God rest her brave soul, I truly miss her but she did the right thing.

@Theretirementnerds

6 күн бұрын

So sorry to hear this. A part of me wishes my mom would've pursued a similar fashion and avoided the problems with treatment.

That’s completely insane! As a German, I am always shocked about the US hospital and insurance stuff. My aunt had to call an ambulance for herself after she opened the bill from the hospital in Denver CO. Her husband who died after 8 days in hospital, had 8 days earlier an emergency and was rushed to the hospital. So my aunt who wasn’t feeling well, losing her husband, opened the envelope and just broke down, without switching to the last page. $547,000!! for 8 days hospitalization! If the USA isn’t switching to a maximum $$$$ cap on medical and hospital bills (pharmaceutical companies and hospitals can charge people) this will not end well. Luckily my uncle was a lifetime member of the army, the bill was paid in full. With older people, this bills can be a shock. But what was my aunts thoughts & reaction after living 38 years in the USA? She sold everything and moved back to Germany. She was scared to death of getting old and ending up only for one week in the US hospitals!

@Birdylockso

Ай бұрын

She didn't understand how these bills work. It is like a "list price" that no one ever pays. If you have insurance, it will argue for you and pay for you at a discounted amount, because you have paid monthly payments to the insurance company. If you have no money, many would just ignore the bill. Then the hospital would send the bills to a "collection agency" to hopefully get the money back. Hospitals have budget to allow "non-payment" each year. That is why also they mark up the prices, knowing full well, they can only get fraction of that money anyway. It's really crazy.

@sideler7057

Ай бұрын

This video didn't cover expensive Rx drugs either as mom didn't need them. That can be thousands extra just for those depending on insurance plan. And these expenses are for folks without a job, i.e. retired. Not sure why Americans tolerate this insanity, but they do.

@Maruman_man

Ай бұрын

Yet you can't convince Americans who have never traveled that other countries have better Healthcare systems

@GUITARTIME2024

28 күн бұрын

All insurance plans have a "maximum yearly out of pocket" amount. No insurance plan would have made her pay that whole amount.

@tommyhaynes9157

18 күн бұрын

As an American , I agree. This county could afford to have single payer universal medical care . Our republican party is why we can't have better health care and free college education

What a comprehensive comparison! Thank you SO MUCH. How mind boggling for seniors to make decisions.

@Theretirementnerds

3 ай бұрын

Thank you so much for watching!

@gailrodgers3079

3 ай бұрын

It is mind boggling and since so much of it is online, for those seniors who are not online it is even harder. I ended up on disablity in my mid 40s and when I had to sign up for MC and it was the first time that MC-D (the prescription plan) was availbable. I was on a lot of meds and so I was very careful to be sure I signed up for a plan wherer my meds were covered and that I wouldn't fall into the donut hole. I used to sit waiting for my script to be done at the drugstore and several times I saw a senior get told that their medication cost was suddenly $200+ as they had fallen into the donut hole. I wanted to cry for them. Someone helping them, if anyone, wasn't on their toes at all.

@jaindeau772

3 ай бұрын

Yeah, and the worst part is that we’re essentially stuck with the decision we make at age 64/65.

The complications of this process are staggering!

Very good example of Medicare options. My mother's ICU stay of 11 days was billed at over $500K and she paid only $1800. She had a Medicare supplement plan.

@Theretirementnerds

3 ай бұрын

Thank you for sharing Steve! Do you know what supplement plan she had? Paying $1,800 for something on a supplement plan is rare. Maybe she had a High Deductible plan G?

@jimshoe402

3 ай бұрын

I was in ICU for 13 days + PT place for 2 weeks = ZERO BILL .Been retired 2.5 years ZERO BILLS..ALOHA

@gailrodgers3079

3 ай бұрын

@@Theretirementnerds I agree. Sounds like some kind of mistake.

@Corkfish1

3 ай бұрын

Which plan???

@Steve-nb9kg

3 ай бұрын

@@Theretirementnerds I think it was United Health, a plan she got through my Dad's company he retired from. I don't know much more than that.

Thank you for sharing this personal loss and turning it to a valuable lesson for all of us. A gem that carries on!!!

@Theretirementnerds

4 ай бұрын

Appreciate you taking the time to watch and comment. Thank you!

@mikehenderson2039

4 ай бұрын

Thanks for helping others, despite what you're going through! I always learn something from your videos...I have two uncles in their 80s who have Advantage Plans, but I'll share the info on Hospital Indemnity to help save them a lot of money and stress! Your mom would be SO PROUD of you!

Thank you, for helping us understand. My mother died and it was pretty devastating. God Bless you during this difficult time.

I just subscribed to the channel. I have watched three of your videos and then was presented this one by YT. This is such a powerful video. Your mom is helping so many other people and you are continuing her tradition- right now, we need folks like you and her more than ever. Condolences and heartfelt thank you

@Theretirementnerds

3 ай бұрын

Thank you so much! Appreciate you so much! ❤️🙏

I'm sorry for the loss of your mom. Sounds like she was a real fighter. Praying for peace and comfort for your family. God bless you all.

@Theretirementnerds

2 ай бұрын

Thank you so much!

Clear as mud. Insurance has always made my head spin.

I would suggest to anyone looking at what type of coverage would work for you is to understand that the Advantage plans promote free dental, hearing and vision coverage. An actual medical need for those issues would be covered by the insurance but the Advantage plans promote those benefits which are just eye exams and low cost prescription glasses, dental plans in usually restrictive hmo networks and hearing plans which are for a yearly hearing test and discounts on hearing aids. The point is the cost of an annual dental cleaning or eye exam shouldn't blurr the actual need for a serious medical insurance plan which is laid out quite well by the presenter.

I live in Canada and am undergoing cancer treatment. I don't pay for anything, not even parking, and the care has been outstanding. It's so sad to see your mother's treatment cost in the richest nation in the world.

@angelasoWA

3 ай бұрын

My uncle is battling pancreatic cancer in Toronto and his oncologist there won’t step up to allow him to take meds outside of what Health Canada recommends. In the US, the cancer treatment is way ahead. Yes it’s expensive but your life, more life is priceless.

@rb239rtr

3 ай бұрын

@@angelasoWA Ontarian here, 37 years ago, PMH oncologists and OHIP pulled me from the grave due to curing me from a stage 4 cancer. The Health Canada system is good for a population of 40 million people, a bit more problematic for a single individual. In the USA, every new drug is embraced by paid doctors, driving costs up. Health Canada, on the other hand asks how does this drug improve outcomes, if not much is seen, the drug is not approved. Ultimately, these drugs do get approved, but at a much lower cost. All of the doctors that I have dealt with have been strongly ethical in my treatment, whether they were my GP in my home city, my ocologists at PMH, or at a Sunday walkin clinic that I recently went to. I would hope that your uncle's doctor was not being lazy, but instead acted on more ethical beliefs regarding this new drug. Each province does have a fund for un-approved procedures, as well as the pharmaceutical companies, who obviously have an incentive to have these drugs approved in Canada.

@chathammkm

3 ай бұрын

If I may be so bold to ask, how much do you pay for your health care through your taxes?

@rb239rtr

3 ай бұрын

@@chathammkm It's complicated. Healthcare cost per person in Canada for 2023 was approximately $6000 USD per person, with nearly 100% of the population covered. Most of the funds come from general tax revenue, which includes federal and provincial sales taxes, income taxes and excise taxes, and in some provinces an additional tax levy. Personal income taxes are half of government revenue, sales, excise and business taxes are the other half of government revenue. So, 1. if you are a street person pushing a cart, earning zero dollars, you have zero taxes, therefore you pay zero for your healthcare 2. If you suffered a tragic accident and can no longer work, you will get government stipends for disability, you will pay taxes, likley at under 10% of your income, some of that would go for health care. 3. If you are an adult student in college, earning minimum wage, some of your taxes will go to healthcare. 4. If you are well paid, you are taxed at high rates, a bigger portion of your taxes goes to health care 5. If you are retired, you are earning less income, you pay less taxes, so less of your taxes go to healthcare Under the health care laws, every member (virtually 100% of Canadians) get medically necessary coverage, they cannot be kicked out of the system, there are no co-pays, there is no loss of coverage if unemployed or moving to a different company or province, and there are no insurance administrators talking with your doctor about your healthcare. Unregistered Canadians are usually those who do not apply when turning 18 yrs. Well paid people do pay more in taxes, so they do contribute more to the health care of others. Basically, well paid people carry the burden, they are actually paying forward for healthcare in their old age. Right wing think tanks in Canada say a couple earning $150k CDN has about $11k USD of taxes for a family of 4 directed into the health care system, but they never say that disadvantaged people benefit also. Comparing this to USA, Medicare costs $940 Billion USD, which is a tax of $2800 for each man, woman and child, so, likely Americans and Canadians pay the same taxes for healthcare, except that if you are under 65 in the USA, either you or your employer have to handle your own insurance. Total health care costs in the USA are 60-70% higher than in Canada. All that being said, it is a great system to handle the health needs of an entire population, from the modestly rich to the poorest. But if you are wealthy, you do have to wait your turn.

@sct4040

3 ай бұрын

The US is a 3rd world country.

I’ll be 65 next month so my wife and I are navigating all the options available. Thank you for sharing your Mothers and families experience and pain to the benefit of others.

@Theretirementnerds

Күн бұрын

Appreciate you taking the time to watch and comment 🙏

Well done !!! From what I gather, the bottom line is if one is on medicare and have some serious illness, supplement plans are a no brainer in order to get care anywhere vs being restricted to in-network providers for Advantage plans....

@buggsy5

3 ай бұрын

Among other reasons, yes.

This is outrageous. I now understand why I met 88 year old folks working full-time at Disney World while on Social security. Cheap insurance .

@ej2953

Ай бұрын

Another source of relatively cheap insurance would be to go back to college and sign up for student insurance.

@roberta949

15 күн бұрын

I guarantee they are not using Disney corporate insurance plan. They are all on Medicare and a supplement like above. Corporate health plans are a complete joke. The premiums and yearly out of pockets would bury someone on SS and just over minimum wage at Disney. Now if they are corporate officers or high up people the income would assist greatly. Trouble is when you are working full time you have no life. You are a corporate slave.

@enjoystraveling

13 күн бұрын

@@ej2953 maybe they have an age limitation on health insurance

My Medicare Advantage plan paid for my heart attack, subsequent stroke, 2 week in a hospital, 5 weeks in nursing home and all home treatment more than 120,000. I only had to pay 300 for ambulance!

@lgp4960

3 ай бұрын

Will you say who your medical provider is?

@buggsy5

3 ай бұрын

I have never seen an Advantage plan that did not have an out-of-pocket amount, usually in the thousands of dollars. You must have exceptional Advantage plan coverage. And where did you get ambulance transport/treatment for only $300 co-pay? Ambulance bills usually run in the high hundreds to thousands of dollars.

@janischristiansen6689

3 ай бұрын

@@lgp4960 I had Blue Cross live in Minnesota and had my heart attack in 2015...

@janischristiansen6689

3 ай бұрын

@@buggsy5 I was shopping right next to the hospital so don't know why if that was less. I had Blue Cross and live in Minnesota and this was in 2015. Not an expensive plan....

@janischristiansen6689

3 ай бұрын

@@lgp4960 Blue Cross not an expensive plan..

Thank you so much! All of the stuff gives me a headache, but you do an excellent job in explaining it. You have my deepest sympathy for the loss of your mother.

@Theretirementnerds

2 ай бұрын

Thank you so much 🙏❤️

I'm sorry to hear your mother had such a long battle with cancer. I know it was hard on you and her other loved ones. Thank you for the videos

@Theretirementnerds

18 күн бұрын

Thank you 🙏

Cheers to your mom! I lost both my folks within 10 months of each other. Signing up for SS next week and Medicare shortly after. This has been very helpful!

@Theretirementnerds

3 ай бұрын

So glad it was helpful! Thank you for watching!

@buggsy5

3 ай бұрын

If you are age 65 or older when you start SS, then the government will automatically sign you up for Medicare Parts A and B.

I am so sorry you lost your lovely Mom, Thank you for you hard work keeping us informed about Medicare we all its complications.

@Theretirementnerds

4 ай бұрын

Appreciate you so much!

I have worked in medical billing and this a concise explanation. Thank you so much. I can recommend this as viewing for everyone beginning Medicare.

@Theretirementnerds

2 ай бұрын

Thank you so much!!

My mother has cancer. Her bill was initially 6 figures. $100k plus. Nuts!

@Theretirementnerds

2 ай бұрын

Hope she's doing okay!

Please accept my condolences for the loss of your mother. Thank you for the great visuals as they applied to your mother. It helped me understand what is best for me and I'm sure it has helped others.

@Theretirementnerds

2 ай бұрын

Thank you so much Kathleen. Appreciate your kind words and I'm glad this was helpful. Just responded to your email :)

Oh my gosh. This video was amazing. My husband retires in four years. I hope you're still making videos by then! Thank you!

@Theretirementnerds

Ай бұрын

Thank you so much! We plan to! 🙂

Oh, gosh, I am so sorry for your mother's suffering before her passing. Bless you for sharing this information - bless you! I've subscribed!

@Theretirementnerds

Ай бұрын

Thank you so much 🙏

Sorry to hear your mother passed away 🙏 And thank you for this great video. SuppG saved and saves my brother a bunch of money. 16 visits a month for light therapy 11 days in icu. I start on Medicare with Supplement G tomorrow 3-1-24

@Theretirementnerds

4 ай бұрын

Congratulations on the move to Medicare. Thank you for watching and sharing your brother’s experience. Appreciate you!🙏

So brave to make this video. Thank you, its very helpful. Your mom must have been very proud of you.

@Theretirementnerds

3 ай бұрын

Thank you so much! ❤️

So sorry to you and your family on your Mom. Thank you for sharing this to us as I know it must have been very difficult.

@Theretirementnerds

2 ай бұрын

Thank you 🙏

So sorry for your loss and a huge thank you for sharing your situation. The information really helps.

@Theretirementnerds

4 күн бұрын

Thank you so much for watching and your kind words.

Thanks for this. Makes me want to stick with my United AARP Supplement plan 🙏

Erik it is brilliant how you go into all those details and provide such a wealth of information off the cuff without missing a syllable. You really make the complicated subject intelligible. Most of all, since I already benefited from your expertise and chose my plan before you lost your dear mother, thank you for sharing the pictures and her real-life example. She was so beautiful. Hang in there buddy ❤

@Theretirementnerds

3 ай бұрын

Thank you so much! Appreciate your support 🙏❤️

Thank you for this video and my sincere condolence on your mother's passing. This is important stuff and as I near "that" stage of life, I am putting in the research to not get caught short on time to figure it out and panic. I'm a recent subscriber and very glad that I found your channel. You are straightforward, clear and thorough, with information that is very helpful. Cheers!

@Theretirementnerds

2 ай бұрын

So glad you found us! Thank you for your kind words!

My heartfelt sympathy to you on the loss of your beautiful mom. 💗 Thank you for this detailed explanation.

@Theretirementnerds

14 күн бұрын

Thank you! 🙏💓

Thank you for sharing your personal story. You made things very clear. Loved the photo at the end!

@Theretirementnerds

4 ай бұрын

So glad it was helpful! Thank you for taking the time to watch and comment! I love that photo as well :)

I'm SO sorry for your loss.😥Thank you for the video. You're amazing. Cheers!

@Theretirementnerds

3 ай бұрын

Thank you so much ❤️ 🙏

Thank you for this. I recently turned 65 and had seen your videos before and literally yesterday I got approved for my plan G medigap supplemental plan.

I did subscribe to your channel, and appreciate the information and analysis. I am 15 months shy of 65, and this is my first foray into looking at Medicare. This video has been quite an eye opener. Since you're selling your products, I also will continue to do further research and get additional information. What is already clear is: There is no way that I can actually retire, and that I will need to plan accordingly for the medical part of the last chapter in my life journey. My last medical stay was in-patient, and the bill came to a little over $400,000! I had Blue Cross Blue Shield, employer sponsored PPO that cost me about $140 a month and had a max of $5000 out of pocket. Thanks for making this information available. Until now, I did not realize how incredibly expensive senior medical expense can be, and the complexities of navigating a plan.

@Theretirementnerds

5 күн бұрын

It gets a bit nuts. That you for watching and subscribing. Hopefully our other videos make it a little less intimidating

So sorry for your loss. This video was really helpful and is much appreciated.

@Theretirementnerds

4 ай бұрын

Thank you so much, Lisa!

Excellent presentation, most practical I've seen to date. You are a brave man presenting a most painful, personal event. It was extremely helpful as I ponder retirement SS and M'care options. Thank you...

@Theretirementnerds

3 ай бұрын

Appreciate you! 🙏 so glad to hear it was helpful!

So sorry for your loss. Hope you and your family are well and memories of her bring you joy.

@Theretirementnerds

Ай бұрын

Thank you so much 🙏

Thank you and very helpful with my ignorance of the system and my coverage. It is much too complicated for me to comprehend, you have helped me a lot. Why, at this time of life does healthcare have to be so complicated for us seniors? No further comments will be made on that. Thank you again. For putting this out for us. Prayers and peace to your family.

@Theretirementnerds

20 күн бұрын

Thank you! 🙏 Agreed... it is incredibly complicated

Thank you so much for this video. God bless you and your mom.

@Theretirementnerds

3 ай бұрын

Thank you, Kurt!

My Dad was an MD. He got cancer at 83. Opted for no treatment and eventually committed suicide. Shotgun shell cost him $0.75. That’s my plan.

@440tomcat

3 ай бұрын

Ahhh the R plan (Remington).They say the seed doesn't fall far from the tree. Why not be ahead of the game and think of it now to save some dollars before you get there. Ammos going up in price......

@stevecarr1992

19 күн бұрын

Had a coworker do the same, when he found out he had lung cancer. Fairly young bloke too.

@shadowfilm7980

18 күн бұрын

I just would opt out for no treatment. Period. That’s it. No Suicide. Can’t do that. My religious beliefs.

@viadharmawheel

6 күн бұрын

@@shadowfilm7980 Religious beliefs... AKA made up stories. Follow your own path my friend...

So sorry for your loss. Thank you for presenting this in such a clear and understandable way.

@Theretirementnerds

3 ай бұрын

Thank you so much, Linda!

This retired airline worker thanks you! I'll be watching your videos.

@Theretirementnerds

5 күн бұрын

Thank you so much!

This is an excellent testimoney for high-deductible plan G, if a column were added in. I haven’t done the math yet, but it appears on the face that it would be the lowest total cost option, and eliminates the medicare advantage issues of doctor-choice and the long waits for insurance companies to make treatment decisions.

@Theretirementnerds

3 ай бұрын

Different example, UT we did a similar video a while back with High Deductible Plan G: kzread.info/dash/bejne/f4umsMqTh5vAk7Q.html

@71suns

2 ай бұрын

Insurance companies are a legalized protection RACKET

Very good video, sad to hear about your mom. The one thing not mentioned is that, more and more, there are places a Medicare Advantage patient cannot go due to the fact that the providers do not take Medicare Advantage. The Mayo Clinic and the hospital in the town I went to school in (Stillwater, Oklahoma) are two of these.

@Theretirementnerds

3 ай бұрын

Excellent point!

@g0989

3 ай бұрын

Hospitals in rural areas or smaller cites, along with some of the nationally-renowned treatment centers (like Mayo Clinic), are less likely to contract with Medicare Advantage, than hospitals in medium to large urban areas.

@Jody-kt9ev

3 ай бұрын

@@g0989 Very true. I just saw that Scripps Health of California is dropping MA. I live in Texas and it appears that MD Anderson of Houston takes mostly Blue Cross and Blue Shield MA programs and original Medicare(from their website). I was just in the small west Texas town of Van Horn. There was an ad in the local newspaper stating that there was still time to switch from MA to original Medicare. From all of this, it appears that MA is not a good choice for seniors, especially rural seniors.

@buggsy5

3 ай бұрын

I think providers are getting tired of all the hassles that come with advantage plans, although they net more income from them. They also dislike the plans denying treatments or having to get approval in advance. That is essentially the advantage plan telling the doctor how to practice medicine. @@Jody-kt9ev

Thank you so much. We're looking at plans my grandparents have and trying to decide how to proceed. Your video helps a LOT! Thank you.

@Theretirementnerds

3 ай бұрын

So glad it was helpful! Thank you for watching!

I am so sorry for your loss. Thank you for all that you do.

@Theretirementnerds

3 ай бұрын

Appreciate you, Tony 🙏

Thanks for the great info as usual. Ive shared your site with everyone who asks about my retirement! You helped me tremendously❤

@Theretirementnerds

3 ай бұрын

Appreciate you, Faith! So glad we have been able to help and appreciate you sharing. Thank you for your support!

Excellent information as always. Thank you for using a real example. Mom would be proud you did because it will help many of us make better decisions.

@Theretirementnerds

4 ай бұрын

Thabk you so much for your support! Appreciate you, and glad it was helpful!

Thank you for this detailed video. You have helped so many seniors understand the various choices and potential outcomes available with Medicare plus supplement vs. MA plans.

@Theretirementnerds

3 ай бұрын

Thank you! Appreciate you! So glad it is helpful!

As I get much closer to 65, this real life example shows me that my decision to go supplement/prescription combo is the right one. Thank you and I am so sorry for your families loss. Another thing to keep in mind is that his explanation and numbers assume that the advantage plan (insurance company) would have approved her treatment (without much delay). I have known several folks where that was not the case.

@Theretirementnerds

2 күн бұрын

Thank you so much for watching!

Condolences on your mom!........ The biggest downfall of the Advantage plans is eventually the costs will skyrocket, the same way the HMO's did 30 years ago. And when that happens, you'll be older and sicker and won't be able to switch back to Medicare.

@buggsy5

3 ай бұрын

That is correct. The insurance company lobbyists talked congress into making it easy to go from Supplemental plans (Medigap) to advantage plans - but almost impossible to do the reverse. Once on an advantage plan, you are pretty much stuck there for the rest of your life.

My experience confirms your opinion. I somehow survived a sudden cardiac arrest that required 9 days in the CCU, and then a couple of years later, I was treated with radiation (8 weeks) and hormone therapy (2 years) for prostate cancer (now ‘cured’). I think the total retail bill was close to a million dollars for the two cases, yet aside from regular premiums for Part B & Supplement, I think I only ended up paying a couple of thousand overall. The takeaway for me was how important it was to have had some good advice to make the right choices when I became Medicare eligible. This video contains a lot of the same good advice, so thanking you on behalf of all who watch this and listen.

@Theretirementnerds

3 ай бұрын

Thank you Bruce! Glad to hear you are cured!

@buggsy5

3 ай бұрын

When shopping for insurance, beware of agents that try to sell you advantage plans. Their commissions are much higher than what they get with Supplemental (Medigap) plans.

@c.m.303

2 ай бұрын

@@buggsy5 Exactly! advantage plans should have been banned a decade ago, but it costs medicare less so they ignore all the complaints of being denied services.

@buggsy5

2 ай бұрын

@@c.m.303 Actually, advantage plans cost Medicare far more than the standard supplemental plans. With advantage plans, Medicare pays the plan a fixed amount every month, regardless if whether the subscriber needs care or not. That is an additional incentive for the advantage plan to require pre-approval, which delays treatment. It also incentivizes the plan to deny care - even when the proposed care is obviously appropriate. But my biggest objection is that the plans, with their pre-approval requirements, are actually telling physicians, that they know better than the subscriber's personal physicians on how to treat any illness. They should be required to pay for any care that Medicare has deemed appropriate and paid - just like advantage plans do.

@c.m.303

2 ай бұрын

@buggsy5 Yes I agree. Sorry it wasn't very clearly written. According to the testimony I heard, in the long run Medicare does pay less with that one lump payment and it is done. The second part that encourages denials is the appeal process just goes back to the same process that denied it. There is no oversight by Medicare or any other agency. And they have been aware of the refusal to treat for over 10 years. It's a terrible plan that only works if you don't get sick or injured.

Thank you for an excellent illustration of how things work under medicare !

@Theretirementnerds

Ай бұрын

Appreciate you tuning in!

I remember when you first started telling us about the situation, very sorry to hear about her, lost 2 brothers to it already so I know this video wasn't easy to make, thanks for all you do.

@Theretirementnerds

Ай бұрын

Thank you so much!

I’m so glad I went on Medicare when I did and was able to get a Supplemental Part F. I went through cancer treatment, including surgery, 4 months of chemo, and 20 radiation treatments and did not pay anything. Medicare realized how much $$$ they were losing by offering a Part F, so do not offer any Part F anymore. Luckily, those who did enroll in a Part F when it was available, were are grandfathered in. I can’t imagine how to keep up with all these choices.

@Theretirementnerds

3 ай бұрын

Plan F is a beast! Glad to hear you are better and still with us!

@cgong415

3 ай бұрын

how much does it cost now to purchase Part F if we want to have it?

@AdrienneKushner-qi6cl

3 ай бұрын

I also have cancer and paid nothing with Part F. Extensive surgery, 6 days in the hospital, numerous surgeons, doctors, medications, and a visiting nurse. I didn't have to pay anything.

@cgong415

3 ай бұрын

I only heard of supplement plan part G and part N, what’s part F?

@buggsy5

3 ай бұрын

You can no longer get Plan F, but Plan G is almost identical and Plan N is a close third. The difference in annual premiums for the G and N plans might well cover the slightly reduced coverages they provide. @@cgong415

The picture of you and your mom together is so lovely and touching. Thank you for the video! I can only understand the fraction of the content. I also heard there is a Part D in medicare, not sure what that is.

@Theretirementnerds

3 ай бұрын

Thank you so much. Yes, we have a few videos on Part D. Here is one: kzread.info/dash/bejne/l4utmNtwZ8a_crA.html

@cgong415

3 ай бұрын

@@Theretirementnerds Thank you again!

@adamniederklein6965

3 ай бұрын

Appreciate your thoughtful and thorough analysis. Admirable.

@buggsy5

3 ай бұрын

Part D is drug coverage. That coverage is often included in advantage plans.

That’s a crazy amount. Thank you for sharing. So sorry 😢for your loss

@Theretirementnerds

Ай бұрын

Thank you! 🙏

Thank you for bringing this information forward. It must have been difficult, so thank you. Sorry for the loss of your mom.

@Theretirementnerds

3 ай бұрын

Thank you, Lisa ❤️🙏

The insane complexity of the American system is well described here.

I'm not a doctor, not giving medical advice, this is my testimony. I was diagnosed with stage 4 NHL large b-cell in 2017. I had months to live. I have insurance but the cancer was so advanced I doubt I would survive 2 weeks of chemo and radiation let alone 4 months of it. I couldn't walk, couldn't drive, could barely stand without being in extreme pain everywhere. I had tumors, one large on on the top of my head they removed to do a biopsy on, and had smaller ones growing on my neck, shoulders, arms, sides, chest and back. My lymph nodes were all extremely swollen. I was in so much pain and was too weak to even drive. He told me if I didn't go through their treatment most people don't make it beyond 5 years. I felt if I went through chemo and radiation for 4 months it was going to kill me. I asked him if there was a natural treatment for cancer that wasn't so evasive and he said he didn't know of any. I declined the chemo and radiation and went home. I did some research, and in less than 20 minutes found personal testimonies claiming dandelion root tea helped to shrink their cancerous tumors. I thought what the heck. I was going to put my trust in the people who tried it themselves before the advice of a doctor getting kickbacks from drug companies, and other agenda. So, I bought some dandelion root supplements in the form of capsules by Nature's Way and began taking them every day. 2 months later I made an appointment to see how far the cancer had advanced. My family doctor could not find any of the cancer cells in my bloodwork. He pulled up my shirt and looked all over my body for the tumors and they were all gone. There was nothing left but indentations in my skin where the tumors had once been, That was then and I'm still in complete remission. I take 3 in the morning (1.575 g) when I get up, before I eat, so it has enough time to digest before eating. It's been almost 7 years and feel so much better. I also try to stay away from artificial sweeteners and sugar. I notice when I eat a snack with sugar the cancer tries to come back. I ate a little debbie pie 2 days ago and I'm feeling it. So I'll take 3 capsules in the morning and 3 at night before bed and I'll be feeling normal again in another day or so. Sugar is so hard to quit, worse than the addiction I had to pain meds many years ago. All sweeteners and sugar should be outlawed. Too tempting. We've got to be strong and resist temptation. Edit: I didn't go back to see the oncologist and I saved myself from having to pay insurance co-fees or the gas to drive out of town every day, 60 miles to get treatment. The pills were delivered right to my door.

@carolann4087

2 ай бұрын

Way to go! I would do the same, there are tons of natural cures for cancer. I never understood chemo anyway. If they give chemo to a healthy person, it will make them very sick, so how do they expect to give chemo to a sick person to make them well? It doesn't add up to me!

@MeherScholar

2 ай бұрын

Thanks for sharing your experience. Do you allow fruit?

@ronaldkemp3952

2 ай бұрын

@@MeherScholar Do I allow fruit to do what? I'm confused.

@HulaShack1

2 ай бұрын

@@MeherScholar Fruit is sugar. Cancer feeds on sugar. Do the research.

@user-hc6so5ul6o

2 ай бұрын

@@HulaShack1 Sugar is a toxin, and yes cancer does feed on it. But the fructose in fruit is not unnatural to the body the way sugar is. Ok to have some fruit, just don't overdo it.

I am so sorry for your loss. Thank you for your courage and fortitude to make this presentation; it's very helpful.

@Theretirementnerds

3 ай бұрын

Thank you so much for your kind words!! Appreciate you!

Extremely helpful & informative, thanks for sharing the details. Very sorry for your loss.

@Theretirementnerds

2 ай бұрын

Appreciate you!

If I assume a person is paying appropriately $2000 a year for say 10 years prior to their illness for a supplemental plan vs $0 for an Advantage plan, then you left out $20,000 in expenses.

@Theretirementnerds

4 ай бұрын

Definitely a consideration. I think you’d like this video if you haven’t seen it already: kzread.info/dash/bejne/dpuktcGLnKSal84.html

@tommytomhan

4 ай бұрын

The supplemental policy gives you peace of mind. Pay the monthly insurance and you are done. I have an F plan which has no co-pays or deductibles. F is no longer available but G is close to it.

@richardray1110

3 ай бұрын

​@@tommytomhanlife is a crap shoot but I don't buy extended warranties either.

@tommytomhan

3 ай бұрын

​@richardray1110 But the fact is that as we age the bad times will likely come around sooner or later and when you don't have to deal with bills it will make life much easier. Much different scope than extended warranties, I don't buy those either.

@Fazak38

3 ай бұрын

​@tommytomhan The newly arrived border invaders get everything for free, no questions asked. Whilst Americans stress themselves to death wondering who will help them.

You pay all your life, just to pay more.

@miriambertram2448

2 ай бұрын

What you pay for Medicare payroll taxes is nothing compared with the benefits. As a self employed person I paid both sides ie 2x what you did.

@gecko2000405

2 ай бұрын

@@miriambertram2448 Good for you. My mother and many others never lived long enough to see the benefits. The Medicaid portion needs to be removed from the system. It should be -pay-in/pay-out.

Excellent video. Thank you for posting. Very much appreciated.

@Theretirementnerds

Күн бұрын

Thank you so much for watching!!

It's really great to break things down like that, in simple charts, makes it easy to comprehend. My former employer had HRAs for (Medicare age) retiree plans but they ended that a year ago I think, and the only thing they now offer is the one Advantage Plan. A couple of older team mates of mine felt they had to switchover to that. For me, I don't care how "cheap" it is compared to real Medicare and Supplement plans, if there's any way at all to afford that route for me in 5 yrs, that's where I'm going! I am certain your Mom and the family was glad at least no one had to go through any shenanagins over coverage and care, during the worst and most stressful of times! Such beautiful and loving pictures you shared. ❤

@Theretirementnerds

4 ай бұрын

So glad it was helpful. Thank you for taking the time to watch!! For peace of mind, supplement plans are great. Can get expensive, especially in certain areas. The HRA was a big help for sure. Appreciate you!

@buggsy5

3 ай бұрын

You are wise. When you select a Supplemental plan, chose one that covers the 20% co-pays that Medicare Part B does not cover. Plans G and N are probably the best choices for most. Shop around for the carrier - the monthly premiums can vary greatly. I think the so called "member saving rates" of AARP are the highest - around 300% higher than the least expensive.

@ph5915

3 ай бұрын

@@buggsy5 Thank you! Yeah, G and N are pretty good. Seems that the N plan has a lower/slower yearly increase, over time it make a huge difference!. I was kind of thinking G-HD might be good too, but it might feel like more of a hassle coughing up the money upfront if you have an expensive few years, always getting bills. I've been fairly healthy, but that can change over the years! Plus, once you set your plan, it may be difficult to switch to a different one....

US medical financing is barbaric

@Madronaxyz

3 ай бұрын

The philosopher Geothe said that when you want to critique a work of art, you do not say how much you like the work of art. Instead you asked the question, what was the artist trying to do I learned this in college in 1974. It has helped me analyze confusing situations ever since. So the question that makes our medical system make sense is, " how can we transfer as much money from the pockets of the poor and the middle class into the pockets of the 1%? There is always someone that is benefiting from a confusing system.

@neorandy

2 ай бұрын

But it makes providing insurance profitable.

Thank you for this great explanation, you did a great job of simplifying Medicare options.

@Theretirementnerds

2 ай бұрын

Thank you for spending time watching 😊

Good oppresentation. ... The only time I went to the hospital in 16 years of retirement on my Medicare Advantage Plan I paid nothing (though I do make a medicare monthly deduction for medicare from my Social Security check). I did have to pay 10% of the ambulance cost. At $1500 a mile this can add up. Since my ride was about 1/8 of a mile I only had to pay $150.

Thank you for a great analysis. I appreciate you sharing such a difficult time in life to help us.

@Theretirementnerds

2 ай бұрын

Thank you for spending some time with us!

My dad was diagnosed with stage 4 prostate cancer. When it came time to pick one of the medicare plans, I did a thorough research. I concluded that the supplement plan, especially plan G, was the best route. Thank God I was right. He has access to some highly advance cancer treatments out there with little cost out of pocket. As long as you are paying your monthly fee, you will be taken cared of.

@Theretirementnerds

2 ай бұрын

Thank you for sharing. I hope he is doing ok

Sorry for your loss...Thanks for sharing this information.

@Theretirementnerds

2 ай бұрын

Appreciate you!

So sorry for your loss. Thanks for sharing this.

@Theretirementnerds

2 ай бұрын

Thank you so much!

Great analysis. I do think the physician/hospital restrictions are more important than the very short part you had at the end here. I plan to send this video to a couple of friends who are hitting 65 soon.

@Theretirementnerds

Ай бұрын

Thank you so much for watching and sharing. It is important!

I’m so sorry that hear that you lost your mother. I lost my wife and best friend to breast cancer in January of this year as well. She was just 54. I know this video was difficult and trust me I know your pain and grief and my prayers are with you and your family. Grieving the loss of a loved one is so very difficult. I still cry daily. I’m 62 and retired so this is really setting a fire in me to get my act together. Thank you for educating all of us. This is your gift.

@Theretirementnerds

Ай бұрын

Thank you for watching. I'm so sorry to hear about your loss. It's a different kind of pain when it's your sweetheart, and I can't imagine what you've gone through. Thoughts your way 🙏

I'm so sorry about your mother. Thank you for continuing to educate us in your time of mourning.

@Theretirementnerds

3 ай бұрын

Thank you so much ❤️🙏

Your videos are always so informative. Thank you so much.

@Theretirementnerds

2 ай бұрын

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@Theretirementnerds

2 ай бұрын

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@Theretirementnerds

3 ай бұрын

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@Theretirementnerds

2 ай бұрын

Thank you so much!