Medicare for Working Consumers-Medicare for Working Consumers

Video Transcription

Video Summary

In this video, AARP Medicare expert Tricia Sandiego provides essential information about Medicare options for individuals approaching age 65 and those who will continue to work after turning 65. She explains that Medicare is made up of four building blocks: Parts A and B cover hospital and outpatient medical services respectively, while Part D provides drug coverage and Medigap acts as supplemental insurance. Sandiego explains the different rules for Medicare enrollment based on employer size and emphasizes the importance of planning ahead. She also discusses Medicare time windows for enrollment and highlights the need to consider Medigap plans within six months of enrolling in Part B. Additionally, she mentions special retirement health plans and the additional coverage options available through programs like the Federal Employees Health Benefits Program, the Department of Veterans Affairs, and TriCare for Life. The video concludes with a reminder to use available resources for questions and to consult AARP's Medicare Enrollment Guide. <br /><br />Note: This summary is based solely on the provided transcript and does not include any audio or visual elements from the video.

Keywords

Medicare options

Medicare enrollment

Medigap plans

retirement health plans

Medicare time windows