The Basics
What is the name of the official government handbook sent to you every year?
Medicare and You
What is Part A of Medicare?
Hospital
What is Part B of Medicare?
Medical (Doctors)
What is Part C of Medicare?
Medicare Advantage
What is Part D of Medicare?
Drugs
What causes a Late Enrollment Penalty?
Not signing up for Medicare during your designated window, with no credible coverage
Name 2 things covered under Part A.
Inpatient Hospital, Skilled nursing, hospice, blood, & home health care
Name 2 things covered by Part B.
Doctor services, outpatient services, DME, preventative services, labs/imaging, drugs administered at facility, and ambulance
True or False: When you join a Medicare Advantage plan, you are no longer responsible to pay your Part B premium.
False...you must continue to pay your Part B premium
What is the enrollment period called during Oct 15th-Dec 7th where you can change your Part C & D plans?
Annual Enrollment (Election) Period
True or False: Long Term Care is covered by Part A
False...Medicare does NOT cover Long Term Care at all
What is the Part B premium for 2026?
$202.90
What is the enrollment period called during Jan 1st-Mar 31st where you can change Part C plans only?
Open Enrollment (Election) Period
What happens once you have reached 'Catastrophic' and have paid out of pocket $2100 for your prescriptions?
No more copays at the pharmacy for the rest of the calendar year
What is IRMAA?
Income Related Monthly Adjustment Amount.
It causes your premiums for both Part B & D to increase if your income from 2 years ago exceeds the income threshold