3 Medicare Penalties That Can Drain Your Wallet

Описание: Many people don't realize that picking the right Medicare plan at the right time is essential, or you could face lifelong Medicare penalties. This video breaks down the basics of Part A, B, and D penalties, and how to avoid the Medicare late enrollment penalty. Learn how to avoid the health coverage gaps and keep your retirement savings safe.

You’ll learn:
✅ What IRMAA is and how it affects Medicare Part B & Part D
✅ How your income from 2 years ago determines your Medicare costs
✅ The IRMAA income brackets and premium surcharges
✅ How tax-deferred withdrawals (like from a 401(k)) can accidentally trigger IRMAA
✅ 4 ways to reduce or avoid IRMAA in retirement

IRMAA CHART:
https://www.cms.gov/newsroom/fact-she...

Schedule an appointment with me:
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Get Your Medicare Enrollment/Retirement Planning Guide Now!

If you're confused about Medicare Part A, Part B, and Medicare Supplement (Medigap) plans, or unsure how Medicare Advantage (Part C) compares to employer coverage, this video is for you! We’ll also discuss Medicare Special Enrollment Periods (SEPs) and the key deadlines you can’t afford to miss.

At Smith Insurance Solutions, we help seniors navigate Medicare with ease. Whether you’re new to Medicare or looking for the best Medicare plan in Springfield, MO, our goal is to make your transition stress-free.

😌Welcome To My Channel😌

I am a Licensed Medicare Insurance Agent who helps people across the country understand their options when it comes to Medicare. I have assisted countless individuals throughout the years make educated decisions on their Medicare Plan options. ✅

If you are turning sixty-five, retiring, or already on Medicare, then you know how confusing and stressful it can be. I created this channel for that specific reason. My passion is to help as many individuals as possible feel comfortable and at peace with their Medicare decisions.

Our Channel will help you learn about:
✅Medicare Advantage Plans
✅Medicare Supplement Plans
✅Medicare Enrollment Process
✅Late Penalties
✅And More…

Let's connect:
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• Turning 65? You Need To Know What To Do!

✨And if you like this video, consider subscribing to learn more about your Medicare options✨

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