The Medicare Playbook

Curriculum

8 Sections
23 Lessons
Lifetime

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MODULE 1: Medicare Foundations & Why It Matters
3
MODULE 2: Medicare Enrollment — Timing Is Everything
7
MODULE 3: Medicare Costs — What You Actually Pay
3
MODULE 4: What Medicare Covers — and What It Doesn’t
2
- 4.1
  Lesson 4.1 — What Original Medicare Covers
- 4.2
  Lesson 4.2 – What Original Medicare Does Not Cover
MODULE 5: Medigap vs Medicare Advantage
3
MODULE 6: Planning for Rising Health Care Costs
2
- 6.1
  Lesson 6.1 — Why Health Care Costs Increase in Retirement
- 6.2
  Lesson 6.2 — Estimating Retirement Health Care Expenses
MODULE 7: Long-Term Care Planning
2
- 7.1
  Lesson 7.1 — What Long-Term Care Really Is
- 7.2
  Lesson 7.2 — The Likelihood and Cost of Long-Term Care
MODULE 8: Final Reminders & Next Steps
1
- 8.1
  Lesson 8.1 — Putting It All Together: Three Key Takeaways

Lesson 3.2 — Deductibles and Coinsurance

In addition to premiums, Medicare includes deductibles and coinsurance for doctors’ visits, hospital stays, outpatient services, and prescriptions.

Original Medicare does not include an annual out-of-pocket maximum, which means costs can accumulate quickly if you experience a serious illness or injury.

In addition, Medicare only provides coverage for a finite number of days. After the covered period, you are generally responsible for full costs of stays and services provided.

Many retirees choose supplemental coverage to manage this risk.

Three Key Points