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How does the Inflation Reduction Act impact your Medicare? Part 1

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Hello, and welcome to today’s webinar! I’m so glad you could join us. Today, we will discuss something on the minds of many—how the Inflation Reduction Act will affect your Medicare prescription drug coverage in 2025. We know that Medicare can sometimes be a bit overwhelming, especially with all the changes. That’s why we’re here—to help you understand what’s coming, how it impacts you, and what steps you might need to take. We’ll explain everything clearly and straightforwardly so that by the end of this seminar, you’ll understand what to expect and how to make the most of the changes. Thank you for being here, and let’s dive in! Hello! I’m Darin Weidauer, and this is my wife, Ronilin. We’re your local Independent Insurance Agents and are here to help you navigate the complex insurance world with a personal touch. Let me tell you a little about myself. I served 22 years in the United States Air Force as a Cyber Warfare Officer, and now I’m dedicated to serving our community ...
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How to Sign Up for Medicare: Step-by-Step Tutorial

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How to Sign Up for Medicare: Step-by-Step Tutorial Step 1: Determine Your Eligibility, Are You Eligible for Medicare? Before diving in, confirm that you meet Medicare eligibility requirements. Typically, you are eligible if you're 65 or older, under 65 with certain disabilities, or have End-Stage Renal Disease (ESRD). You'll be automatically enrolled in Medicare Parts A and B if you're already receiving Social Security benefits. Step 2: Understand Your Medicare Options , Know Your Medicare Choices Medicare offers several parts: Part A (Hospital Insurance), Part B (Medical Insurance), Part C (Medicare Advantage), and Part D (Prescription Drug Coverage). Research each part to understand what coverage you need. Step 3: Sign Up for Medicare Part A and Part B , Enrolling in Original Medicare If you're not automatically enrolled, you can sign up for Part A and Part B during your Initial Enrollment Period (IEP), which begins three months before your 65th birthday an...
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Medicare Explained: A Comprehensive Guide

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"Wondering what Medicare Part A covers? 🏥 In this short video, we’ll explain the basics of Medicare’s hospital insurance, including what’s covered, who qualifies, and how it can benefit you. Whether you’re planning for retirement or just want to be prepared, this is your go-to guide. Get the information you need—watch now! 🎥 #Medicare #HealthCare"
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What is covered under Medicare for skilled nursing facility care?

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Medicare covers skilled nursing facility (SNF) care under specific conditions. Here's a detailed overview of what is covered:    1. Eligibility Requirements: - Hospital Stay: You must have had a qualifying hospital stay of at least three consecutive days (not counting the day of discharge) before you can receive Medicare coverage for SNF care. - Medically Necessary: The SNF care must be medically necessary and prescribed by a doctor. It should be related to a condition you were treated for during your hospital stay. - Skilled Care: The care provided must be skilled nursing care or rehabilitation therapy that requires the expertise of a registered nurse (RN) or a licensed therapist.    2. Coverage Details: - First 20 Days: Medicare covers all costs for skilled nursing facility care for the first 20 days in a benefit period. - Days 21-100: For days 21 through 100, you pay a daily coinsurance amount. In 2024, the coinsurance amount is $200 per day. - ...
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What hospice services does Medicare cover?

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Medicare provides comprehensive coverage for hospice services under specific conditions. Here’s an overview of what is covered:    1. Eligibility Requirements: - Terminal Illness: To qualify for hospice care under Medicare, you must be diagnosed with a terminal illness and have a prognosis of six months or less to live, as certified by a physician. - Election of Hospice Care: You must elect to receive hospice care instead of curative treatments for your terminal illness. This election can be reversed if you decide to pursue curative treatments.    2. Covered Services: - Hospice Care: Medicare covers care provided in various settings, including at home, in hospice facilities, or in a nursing home. - Medical Care: Includes physician services, nursing care, and medical equipment necessary for the management of pain and symptoms related to the terminal illness. - Medications: Coverage includes drugs needed for pain relief and symptom management related ...
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What home health services does Medicare cover?

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Medicare covers a range of home health services under certain conditions. Here’s an overview of what is covered:    1. Eligibility Requirements: - Homebound Status: You must be considered homebound, meaning that leaving your home requires considerable effort and you are unable to do so without assistance. - Medically Necessary: The services must be medically necessary and ordered by a doctor. - Plan of Care: You need to have a written plan of care from a doctor that is periodically reviewed by your doctor.    2. Covered Services: - Skilled Nursing Care: Part-time or intermittent skilled nursing care provided by a registered nurse (RN) or licensed practical nurse (LPN) is covered. - Physical Therapy: Services provided by a physical therapist to help with mobility, strength, and function. - Occupational Therapy: Therapy to help with daily living activities, such as dressing, bathing, and cooking. - Speech-Language Therapy: Services to help with co...
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How do Medicare Supplement (Medigap) plans work?

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Medicare Supplement (Medigap) plans are designed to help cover costs not fully paid by Original Medicare (Part A and Part B). Here’s how they work:    1. What Medigap Plans Do: - Coverage: Medigap plans help cover out-of-pocket costs such as deductibles, copayments, and coinsurance that Original Medicare does not cover. - Plan Types: There are 10 standardized Medigap plans (labeled Plan A through Plan N) that offer different levels of coverage. Each plan provides a different set of benefits, but the benefits within each plan letter are the same across different insurers.    2. Enrollment: - When to Enroll: The best time to enroll in a Medigap plan is during your Medigap Open Enrollment Period, which starts the month you turn 65 and are enrolled in Medicare Part B. During this period, you can buy any Medigap policy without medical underwriting or being denied coverage. - After Open Enrollment: If you apply outside of this period, insurers may use medic...
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