How Medicare works: eligibility, enrollment, cost, and coverage options, with Danielle Roberts

#48: Seniors often enter retirement (a) thinking Medicare is free, and (b) not at ALL clear how the details work – rules, restrictions, limitations, costs. But it’s most certainly not free: your portion of costs could be unlimited and bankrupt you. And, like other healthcare matters in the US, “how it works” gets complicated fast! How can seniors (and their loved ones, like you) make sense of it all? This week, I talk with Danielle Kunkle Roberts, a nationally-recognized expert on Medicare insurance, about how to evaluate, navigate, calculate, and decide on the best configuration of Medicare coverage for you and your family. If health insurance “peace of mind” is important to you in your elder years, this is an action-packed episode you do not want to miss. What you’ll learn:Medicare eligibility requirementsOptions for expats who haven’t paid into Medicare taxesWhat exactly Medicare covers, how each “part” works, and premium costsHow to determine which doctors, hospitals, clinics, and pharmacies will accept your Medicare coverageHow the premium surcharge (IRMAA) works if your income exceeds certain thresholdsAll-in costs you can expect to pay for Medicare coverageHow the “initial enrollment period” works, including how the penalty worksHow Medicare Advantage works + when it’s a better choice than original Medicare (tradeoffs, considerations, cost differences, network differences)How Medigap works and tradeoffs and considerationsHow expat retirees should plan for Medicare, given it generally doesn’t cover them overseas What other questions do you have about Medicare? If you’re looking into Medicare for yourself or a loved one, are you leaning toward original Medicare or Advantage? Why? Let me know by leaving a comment right now. Don’t miss an episode, hit that subscribe button… If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcher I need your help, please leave a listener review If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too! Links mentioned in this episode:Boomer Benefits websiteBoomer Benefits Book: 10 Costly Medicare Mistakes You Can’t Afford to MakeBoomer Benefits private Facebook groupBoomer Benefits YouTube video: Will Medicare Cover My Procedure?Medicare.gov: What Medicare CoversMedicare.gov: Find & compare doctorsMedicare.gov: Medicare plan finder toolCPT codes & ICD 10 codes: How medical billing & insurance claims work (HYW020)HYW private Facebook community  Intro/Outro: Old Bossa by Twin Musicom.