Dr. Friday Radio Show – October 3, 2020 The Dr. Friday Radio Show

Welcome to Dr. Friday’s show! In this show, Dr. Friday and Nathan Wright talk about taxes, medicare, and so much more:


What Does Medicare Not Cover?
Do I want A Medicare Advantage Plan or A Medicare Supplement Plan?
Medicare Open Enrollment
Does Medicare Cover Everything?
Will I Get A Penalty If I Don’t Take Medicare?
Why You Should Be On Credible Coverage
Is Medicare Part B Optional?
Why You Need Help With Tax Representation

Transcript
Caller 0:01
No, no, no, she’s not a medical doctor, but she can sure cure your tax problems or your financial woes. She’s the how-to girl. It’s the Dr. Friday show. If you have a question for Dr. Friday, call her now at 615-737-9986. So here’s your host financial counselor and tax consultant, Dr. Friday.

Dr. Friday 0:30
All right, I am Dr. Friday here live. It’s a wonderful Saturday, October 3. I have a wonderful guest with us. If you want to join the show, today, you can at 615-737-9986. You guys have heard this gentleman’s name on my show before and his voice. We have Nathan right who is a specialist in insurance, especially specializing with people on Medicare. Hey, Nathan, can you hear me?

Nathan Wright 1:03
Hey, Dr. Friday, I can hear you.

Dr. Friday 1:06
I love it when technology actually works. I’m sure the guy in the studio is excited about that, too. All right. So today, we’re gonna cover a couple of different things. Are we getting to a point or a time where people should be looking at the types of insurance that they have? I know, there are certain times of the years that that’s more important than others?

Nathan Wright 1:26
You’re exactly right. So October 15-December 7 is what we call Medicare Open Enrollment. Actually right now through the 14th, it’s called the pre-shopping season.

Dr. Friday 1:38
It’s kind of like Christmas, you know, we have black Friday, a little pre-shopping and then rolls around. Eventually, we have Christmas. That makes life easy. Okay, so what does someone that is on Medicare need to know? If they think “Hey, I’ve got Medicare covers everything.” Maybe not?

Nathan Wright 1:58
It definitely does not cover everything. So in general, you’ve got deductibles, you’ve got expenses that are not going to be covered with Medicare, especially like vision, dental, and hearing that is something that is actually not covered by Medicare.

Dr. Friday 2:16
Wow. So I think we’re talking about Part B is probably standard Medicare, is that correct? And I’m not an expert at all.

Nathan Wright 2:25
So part B is actually the doctor portion of Medicare. Part A is going to be your hospital portion of Medicare.

Dr. Friday 2:32
Alright, so everyone gets standard, part A then?

Nathan Wright 2:36
So what happens is, when you first get onto Medicare, you’re gonna get Part A. Then Part B, they actually automatically sign you up for part B, unless you opt-out of Part B.

Dr. Friday 2:51
Right, which most of us won’t even know if we should or shouldn’t. So, if somebody is on Medicare right now, we’re getting ready to go into what you called the open enrollment. So they’ll be wanting to revisit the vision, the dental, those kinds, is that something they can control and still have their part A for doctors? Is each one of these pots is individual?

Nathan Wright 3:18
Well, Part A or Part B does not cover the vision, dental, and hearing. So these things called Medicare Advantage plans that many of those have those built-in, that you can get, in addition to M