Folgen

  • [Health Insurance] 44, Medicare Supplement Medigap Policies

    [Health Insurance] 44, Medicare Supplement Medigap Policies
    May 10 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That Medigap policies are standardized private plans (A-N) designed to supplement Original Medicare Parts A and B. - The six-month open enrollment period, which starts when an individual is 65 or older and enrolled in Part B, guarantees the right to buy any Medigap policy without medical underwriting. - It is illegal for an agent to sell a Medigap policy to a client they know is enrolled in a Medicare Advantage (Part C) plan. - Medigap policies sold after 2006 do not cover prescription drugs; a separate Part D plan is necessary for that coverage. - Plans C and F, which cover the Part B deductible, are no longer available to individuals who became newly eligible for Medicare on or after January 1, 2020. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 43, Medicare Part D Prescription Drug Coverage

    [Health Insurance] 43, Medicare Part D Prescription Drug Coverage
    May 9 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The 2026 Medicare Part D out-of-pocket maximum is now capped at $2,100. - The infamous "Donut Hole" or coverage gap has been eliminated under the Inflation Reduction Act. - Part D benefits are now structured in three simple phases: Deductible, Initial Coverage, and Catastrophic Coverage. - Once a beneficiary enters the catastrophic coverage phase, their coinsurance for covered drugs is zero for the rest of the year. - The maximum allowable deductible for a standard Part D plan in 2026 is $615. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 42, Medicare Part C Medicare Advantage Plans

    [Health Insurance] 42, Medicare Part C Medicare Advantage Plans
    May 8 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That Medicare Part C (Advantage) is a private insurance alternative for receiving Part A and B benefits, not an additional layer of coverage. - Advantage plans must provide benefits at least equivalent to Original Medicare, but can offer extra coverage like dental, vision, or hearing. - The key differences between plan types like HMOs (network and referral rules) and PPOs (network flexibility at a higher cost). - That most Medicare Advantage plans include prescription drug coverage (Part D), and you generally cannot have a separate Part D plan simultaneously. - The critical distinction that a beneficiary cannot be enrolled in both a Medicare Advantage plan and a Medigap policy at the same time. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 41, Medicare Part B Medical Insurance

    [Health Insurance] 41, Medicare Part B Medical Insurance
    May 7 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Medicare Part B provides coverage for medically necessary outpatient services, physician visits, and durable medical equipment. - The standard Part B monthly premium for 2026 is $202.90, with an annual deductible of $283. - After the annual deductible is met, Part B follows an 80/20 coinsurance model for most covered services. - Key exam-tested exclusions for Part B include routine dental, vision, hearing services, and long-term care. - Higher-income beneficiaries are subject to an Income-Related Monthly Adjustment Amount (IRMAA), resulting in a higher monthly premium. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 40, Medicare Part A Hospital Insurance

    [Health Insurance] 40, Medicare Part A Hospital Insurance
    May 6 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Medicare Part A provides coverage for inpatient hospital stays, skilled nursing facilities, home health, and hospice care. - The Part A deductible is applied per 'benefit period,' not annually, which can lead to multiple deductibles in one year. - Cost-sharing includes a deductible for the first 60 days, followed by significant daily coinsurance for extended hospital stays and lifetime reserve days. - A critical exam distinction is that Part A covers medically necessary skilled nursing care but excludes long-term custodial care. - Premium-free Part A is available to individuals with at least 40 quarters of Medicare-covered employment history. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 39, Medicare Overview and Eligibility

    [Health Insurance] 39, Medicare Overview and Eligibility
    May 5 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The four main eligibility pathways for Medicare: age 65, receiving SSDI for 24 months, End-Stage Renal Disease (ESRD), and ALS. - The difference between Medicare Part A (Hospital Insurance) and Part B (Medical Insurance), focusing on enrollment and premium requirements. - How to calculate the 7-month Initial Enrollment Period (IEP) for an individual turning 65. - Common exam traps related to the 24-month disability waiting period and late enrollment penalties. - A simple mnemonic to recall the functions of Medicare Parts A, B, C, and D. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    3 Min.
  • [Health Insurance] 38, LTC Partnership Programs and Consumer Protections

    [Health Insurance] 38, LTC Partnership Programs and Consumer Protections
    May 4 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Partnership for Long-Term Care Programs allow individuals to protect assets from Medicaid spend-down requirements on a dollar-for-dollar basis. - To be partnership-qualified, LTC policies must be tax-qualified and include specific, age-based inflation protection. - The NAIC Model Act provides critical consumer protections for LTC policies, including that they must be guaranteed renewable. - LTC policies cannot require prior hospitalization to trigger benefits and cannot exclude coverage for Alzheimer's disease. - A 30-day free-look period is a standard consumer protection provision in long-term care insurance policies. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    4 Min.
  • [Health Insurance] 37, Tax-Qualified vs Non-Tax-Qualified LTC Policies

    [Health Insurance] 37, Tax-Qualified vs Non-Tax-Qualified LTC Policies
    May 3 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Tax-Qualified (TQ) LTC policies provide federal tax advantages, including generally tax-free benefits and premiums that are partially deductible based on age. - To be considered Tax-Qualified, a policy must follow strict HIPAA standards, typically requiring the inability to perform at least two of the six Activities of Daily Living (ADLs). - Non-Tax-Qualified (Non-TQ) policies are not required to meet federal standards, which allows for more flexible benefit triggers like "medical necessity," but their premiums are not tax-deductible. - A key exam distinction is the tax treatment of benefits: TQ policy benefits are received tax-free, while benefits from Non-TQ policies may be considered taxable income. - The phrase "Qualified gets the Quality tax breaks" can help you remember that TQ plans exchange stricter federal rules for better tax advantages. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
    Mehr anzeigen Weniger anzeigen
    2 Min.