Memory Improvement, Brain Training, Techniques and Tips with Rena Yudkowsky from Memory Matters
Retirement Lifestyle Planning, Location-Independent Income Opportunities and Travel with Jacquie Doucette
Reverse Mortgages and How to Use Them in Retirement with Mitch Cooper, CRMP, CRPC
Matt Feret Talks Medicare on WGN-AM 720 The John Williams Show
In-Home Caregiving for Veterans and Their Spouses, Aid and Attendance VA Benefits, VetAssist Companion and Smart Companion with David Laiderman, CEO of Veterans Home Care

#025

Memory Improvement, Brain Training, Techniques and Tips with Rena Yudkowsky from Memory Matters

Share This:

Facebook
Twitter
LinkedIn
Email

“I think people, especially seniors, we need so much handholding and so much coaching to do those lifestyle changes. If you're used to eating the sad diet, the standard American diet of potato chips and french fries with your big hamburger every day, it is going to be hard to get rid of fast food and totally change your life over to something much, much healthier for your brain. So to answer your question, I think in the healthcare world, we're going to need a lot more support and handholding for the seniors.

There are health coaches and nutritional coaches out there that are doing it. For example, I'm working with an anti-aging clinic. They have a lot of pieces. They have me as a memory coach, they have a nutritional coach and they have a nurse and the doctor. It's like a team. It's a team approach and an exercise, a personal trainer. So, it's a team approach, and that's really what we need. But I don't think that's your typical thing going on.”

- Rena Yudkowsky, CEO, Memory Matters

Rena Yudkowsky is a professional memory coach who has spent more than twenty years helping older adults with their memory.  From working in an Alzheimer’s unit in an assisted living facility, to training dementia caregivers, she’s now founded her own company, Memory Matters.

This episode of The Matt Feret Show will give you an insider’s guide to brain exercises, memory training, tips to preventing or slowing dementia and recall and much more!

Enjoy!

Memory Improvement, Brain Training, Techniques and Tips with Rena Yudkowsky from Memory Matters

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

“The bottom line is if you are functioning independently and well and it's not interfering with your daily functioning, then you're good. It's normal to misplace your keys and sometimes even forget whether you locked your door once in a while. But if it's happening so much that you can't function independently or you can't make the appointment on time because you can't find your keys to get out the door. If it's happening so much that it's so pervasive that it's interfering with your daily functioning, then it's time to go to a memory clinic, at least your doctor or gerontologist or geriatric doctor or a neuropsychiatrist.”

- Rena Yudkowsky, CEO, Memory Matters

 

I was teaching a technique and one of the ladies said, "Ah, I'm too old for this." There was a group of 15 people in the room, and I turned to the gentleman at the other table, and they're just as old as that woman. I turned to one man, I said, "Well, do you feel that way?" And he's like, "No, I absolutely am not too old to remember this." He was probably 88 or 90 or something. And I was like, "Okay, good. Then this technique is for you. Let's go ahead."

So, if people feel they're too old to remember things, then guess what they are. Because whether you believe you can or you believe you can't, you're right. So if you believe you can remember 20 words, then guess what? I can teach you how to do it. But if you start off the conversation saying, "I cannot do this," then you cannot do it until I convince you differently.”

 - Rena Yudkowsky, CEO, Memory Matters

00:00:00 Intro

00:02:38 Rena’s background

00:06:19 Memory and lifestyle choices

00:08:34 Memory coaching success stories

00:10:36 Fear and memory improvement

00:14:04 Normal vs. abnormal memory loss

00:16:00 Dementia vs. depression or other comorbidities

00:17:36 Memory care units

00:18:54 Anti-aging functional memory medicine and memory coaching

00:22:32 Memory Matters memory coaching overview

00:28:07 Attitudes towards older adult learning and memory training

00:31:11 Multitasking and memory improvement

00:33:15 The importance of mindfulness and memory

00:36:33 Use all five senses to remember

00:41:53 Keep learning new things to keep your brain active

00:45:02 Social isolation and memory

00:47:10 Show close

#024

Retirement Lifestyle Planning, Location-Independent Income Opportunities and Travel with Jacquie Doucette

Share This:

Facebook
Twitter
LinkedIn
Email

“I start out (by) asking them how they envision their future life, whether they're comfortable in their house, do they see themselves downsizing, that sort of thing. And I talk about what skills they've got, what have they learned through their working period, things that they enjoy doing that maybe they've never been paid for before. Thinking that being a mentor, teaching at a local university or community college, that sort of thing will bring in some money, allow them to keep their hand in whatever they're doing if they're interested in it, that sort of thing.

Then we start to dream and I take them back in time when you were 10 years old and you didn't have to do anything. You ran out the door in the morning. What's the first thing you did? What did you think of? What did you want to do? And then when we move gradually age those dreams to something more age appropriate and we work along the path toward where those dreams could take them now.”

- Jacquie Doucette, Retirement Lifestyle Planner

Jacquie Doucette is a “retirement lifestyle planner.”  Her version of retirement is one that’s re-imagined and re-defined.  For her, retirement doesn’t mean “stopping” it just means doing something else.  Sometimes that “something else” means you’re earning money to help supplement your retirement lifestyle… sometimes not. We also talk about what couples wrestle with when one retires before the other, balancing the wants and needs of each person and how their lives might change.

This episode of The Matt Feret Show will give you an insider’s guide to retirement lifestyle planning, traveling the world on the cheap, location-independent online platforms offering retirees ways to create additional income, and a whole lot more!

Retirement Lifestyle Planning, Location-Independent Income Opportunities and Travel with Jacquie Doucette

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

“People don't seem to realize that retirement is in the top 10 list of big stressors in your life and most people just look at it as it's the end, but it's not an end. It's a beginning and you've got to take the time to acknowledge that something has ended, sort out how you're feeling about what has ended and then look forward to what the future has and it's a big transition.”

- Jacquie Doucette, Retirement Lifestyle Planner

“What I've seen as the people who are both physically and mentally active are the ones that are the happiest. The ones that have found something to do every day, something that gets them up and gets them moving for, I'm not going to give a prescribed period of time, but something that gets them up and out of the house and doing something every day as well as having something to keep their brain going, something to solve a problem. My dad did crossword puzzles and the Sudoku every single day. Kept himself thinking, that sort of thing. I don't think that you're going to have a long productive post-retirement life if you don't incorporate exercise and mental health. You've got to keep your brain going.”

- Jacquie Doucette, Retirement Lifestyle Planner

00:00:00 Intro

00:02:47 Early Retirement adventures and FIRE

00:05:51 The FIRE movement

00:06:58 The Paradise Pack

00:07:32 Jacquie’s version of retirement

00:12:07 Jacquie’s process

00:15:01 Defining yourself by your work and moving beyond it

00:15:53 Location-independent cash flow in retirement

00:18:03 Online platforms for income during retirement

00:24:51 Retirement planning for couples

00:28:42 Retirement planning and stress

00:32:55 Defining and finding meaning in retirement

00:34:18 Physical and mental health and happiness in retirement

00:37:43 Cash flow needs in retirement

00:40:01 Great international locations for active retirees

00:42:54 The right age to begin retirement lifestyle planning

00:46:17 The best age to retire

00:47:05 Retirement planning and failure

00:48:40 Jacquie’s contact information

00:49:42 Show close

#023

Reverse Mortgages and How to Use Them in Retirement with Mitch Cooper, CRMP, CRPC

Share This:

Facebook
Twitter
LinkedIn
Email

“For most retirees, two-thirds of their wealth is in their home or the average American retiree. So proportionately there's all sorts of networks but still around a lot of their wealth is in their home and that's great except for, one, it's your last home it just becomes this piggy bank you can't really touch, you have to refinance or sell it to get access to it. And if you sell it, you still got to live somewhere and so you got to have a roof over your head. And so that's where we go, "Can we keep the main purpose of the home?" Which is to have a roof over your head; shelter. There's a lifestyle there depending on where they're at in that range and then draw some of that wealth back out in a way that secure, meaning you get to still live there...

Even if 2008 happens, as long as they're living there, paying the property taxes, homeowner's insurance, it doesn't matter if the loan balance has gone over the value of the home because it's FHA insured and it's a true non-recourse loan, meaning we cannot come after any other assets to collect that shortfall. So they still have a roof over their head, same home, and that kind of thing.”

- Mitch Cooper, Certified Reverse Mortgage Professional CRPC® and CRCP®

Mitch Cooper is a Reverse Mortgage Advisor for Mutual of Omaha Reverse Mortgage. In 2021, he became the youngest person in history to earn the Certified Reverse Mortgage Professional (CRPC®) designation.

This episode will give you an insider’s guide to reverse mortgages, the myths vs. the facts, a breakdown of the up-front and ongoing costs of reverse mortgages, whether the reverse mortgage process and products have evolved, and how and when to use them as part of a comprehensive retirement plan for you or your loved ones.

Enjoy!

Reverse Mortgages and How to Use Them in Retirement with Mitch Cooper, CRMP, CRPC

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

Most brokers maybe have done one, people that don't specialize in reverse. There are brokers that do both and they really do well. I know a few where I'd be comfortable with someone going with them because I know they do a significant amount of reverse.

But most typically, if you find someone that does reverse only, that's going to give you a lot better odds.

There are companies that separate it out like we do. I specifically do reverse only. I think that's a great idea to find someone like that and again, if they have their CRMP even better because that shows they took the time and they're doing CE every year for reverse, spending the money on that designation so that means they're all-in on reverse mortgages.”

- Mitch Cooper, Certified Reverse Mortgage Professional CRPC® and CRCP®

“…the cash flow position, the efficiency position that puts them in can help make the retirement a lot more sustainable because they now have a roof over their head for as long as they can live there, pay the property charges but not have that negative cash flow, the payment.

That scenario is by far our most common client. It's all we're doing is paying off the traditional mortgage and getting rid of that mortgage payment. That by far that's probably 70% of our clients are doing that scenario because more retirees than ever have a mortgage in retirement. It's doubled since the eighties. And so if we can just free up that cash flow, that's a big deal for a lot of people.”

- Mitch Cooper, Certified Reverse Mortgage Professional CRPC® and CRCP®

00:00:00 Intro

00:02:27 Mitch’s background and Certified Reverse Mortgage Professional status

00:03:37 What are reverse mortgages?

00:04:59 How a reverse mortgage comes into play with home equity

00:05:54 FHA loans and reverse mortgages

00:08:02 Cash flow in retirement and reverse mortgages

00:08:44 “Free and clear” housing and reverse mortgages

00:09:42 Reverse mortgages and HELOCs

00:11:13 Long term care costs and reverse mortgages

00:11:54 More on HELOCs and variable rates

00:13:51 “The last house” and reverse mortgages

00:14:39 Typical profile of a reverse mortgage client

00:16:01 Average age of someone who gets a reverse mortgage is 74

00:18:06 Reverse mortgage as an asset protection tool

00:20:27 Average net worth of someone with a reverse mortgage

00:23:48 Reverse mortgages and poor reputation

00:25:25 Reverse mortgage improvements over time

00:28:43 Can anyone ever get kicked out of their home because of a reverse mortgage?

00:30:34 Costs associated with a reverse mortgage

00:32:53 Use a reverse mortgage specialist

00:33:55 Reverse mortgages and awareness in the financial planning and wealth management space

00:36:14 More on fees and FHA reverse mortgages

00:39:24 HELOC vs reverse mortgage and proper use

00:41:28 Mutual of Omaha Reverse Mortgage, how to contact

00:43:49 How to interview a reverse mortgage specialist

00:47:45 Show close

#022

#022: Matt Feret Talks Medicare on WGN-AM 720 The John Williams Show

Share This:

Facebook
Twitter
LinkedIn
Email

John Williams WGN-AM:

“There's always that balancing act between Medicare premiums and deductibles. Do you have any suggestions for us on that, Matt?”

Matt Feret:

“Yeah, there's a couple things to pay attention to. Obviously, monthly premium is a big thing, but also you got to really look at something I call... It's called the maximum out-of-pocket, which is... In a world full of acronyms, this is the most fun one at healthcare, it's called the MOOP. You say that three times, you can't help but smile. That's the maximum out-of-pocket on plans, like Diane just talked about, which are Medicare Advantage plans. And so a maximum out-of-pocket very simply is, if you use your medical benefits so much in one given year, at some point the insurance company will take over 100% of the costs for after that year. Now, some plans come with a low MOOP of three or $4,000, which means if you go through a bunch of medical conditions in a given year, once you reach $3,000, for example, of out-of-pocket, you're done for the year and the insurance company will take up all the medical costs after that. Some plans come with a maximum out-of-pocket as high as $8,300 a year.”

“And so while it may be tempting to look at whether or not your doctor copay is $5 or $10, or your specialist copay is 20 or 25, what I always recommend is to look at first premium, and then second on these Medicare Advantage plans, your maximum out-of-pocket. Because really what you're trying to ensure against is somewhat of a catastrophic situation. You have a health, bad health here, or you have a lot of conditions, you want to make sure to limit that maximum out-of-pocket or that MOOP as much as you can.”

-Matt Feret, Author

This episode will give you an insider’s guide to Medicare deadlines, Medicare history, the Medicare enrollment periods, Medicare late enrollment penalties, dental, vision and hearing insurance for people on Medicare and a whole lot more.

Enjoy!

#022: Matt Feret Talks Medicare on WGN-AM 720 The John Williams Show

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

John Williams WGN-AM:

“You mentioned that gap coverage for dental, vision and hearing. Is there anything... This is a tangent, but since you brought it up, is there anything on the horizon to provide for hearing for seniors? I mean, everybody loses their hearing, some more profoundly than others. It's terribly expensive. There's a range of options, and I'm amazed that for all we're going to do for everybody these days, that we don't do something as basic as underwrite the cost of hearing aids.”

Matt Feret:

Yeah, I agree. And if you throw dental health on top of this, there's a ton of evidence out there that keeping your teeth and your mouth healthy really affects your overall health, and so I agree with you. There was an effort earlier this year in Congress to pass some hearing benefits that eventually got carved out, but there's also a private industry and a private insurance company solution to this. You can buy dental, vision, and hearing plans on the open market at a reasonable rate, and then those Medicare Advantage plans also are allowed to include additional benefits not covered by original Medicare. Dental, vision, hearing benefits are among those. And so if you do a little searching, and there are a lot of options out there, but if you do a little digging, there are Medicare Advantage plans out there that cover those additional things that aren't covered by original Medicare.

- Matt Feret, Author

John Williams WGN-AM:
“Well, if you're working past 65, should you stay on your employer's plan or should you use Medicare?”

Matt Feret:
“…It really comes down to the individual. If you've got full employer's coverage and you like it, and you're working, you can keep it in most cases. Also, really depends on whether or not you've got a partner or a spouse that's not yet 65 and eligible for Medicare, and whether or not they're on your insurance. So it's not a cut and dried answer, and it's a really good time to sit down... You can read it all in my book, where you can sit down with a retirement advisor or an expert Medicare insurance agent, and really walk through the steps… the key here is planning and getting out in front of it, and really understanding the deadlines and timelines, and having those all sync up with your employer-based health insurance.

- Matt Feret, Author

00:00:00 Intro

00:02:36 WGN Medicare Introduction

00:03:32 The Medicare AEP

00:04:16 When you’re first eligible for Medicare

00:05:25 Staying on your employer’s plan vs. Medicare

00:06:16 The three ways people can “consume” their Medicare benefits

00:07:51 Medicare Dental, Vision and Hearing benefits

00:09:18 Medicare premium costs

00:13:15 Listener question and answer

00:14:31 Care Management example; Medicare Advantage vs. Medigap

00:17:26 How to prioritize Medicare insurance coverage

00:20:41 What if you’re satisfied with your Medicare coverage?

00:21:25 What Medicare benefits change annually?

00:24:57 Listener question and answer around Medicare Advantage HMOs vs. PPOs and out-of-network coverage

#021

In-Home Caregiving for Veterans and Their Spouses, Aid and Attendance VA Benefits, VetAssist Companion and Smart Companion with David Laiderman, CEO of Veterans Home Care

Share This:

Facebook
Twitter
LinkedIn
Email

“Our country hasn't planned for it. Our country doesn't understand it. We have this massive aging population coming. I'm sure you talk about it, but the reality is, 10 years from now, over 20% of our population is going to be over the age of 65. Another 20% of our population is going to be under the age of 18. So when we look at who's in the middle and respectively both of those groups of individuals need almost one on one care and maintenance and oversight and expense. And so it's going to put a big squeeze on our population, a mass attack on our health system. And so looking at that and looking at all of the things that are coming into play there, it's going to become increasingly more expensive to care for your loved one, to care for your parents as they age.”

- David Laiderman, CEO of Veterans Home Care

David Laiderman is CEO of Veterans Home Care, a private, family-owned and operated company that helps veterans, their survivors and caregivers support in-home care. He also created Smart Companion – an Amazon Alexa and Amazon Show - connected device that connects older adults with caregivers and a support structure to help keep loved ones in their homes safely.

Veteran’s Home Care VetAssist Program Aid and Attendance is a little-known VA benefit for veterans or their survivors who need the help of another to live safely at home. It pays for assistance with activities of daily living, such as help with personal care, medication reminders, transportation benefits, light housekeeping, laundry and more. Aid and Attendance can also pay for in-home care, adult daycare, assisted living expenses, medical alert devices and more.

This episode will give you an insider’s guide to in-home care for older adults, veterans, their surviving spouses and caregivers.

Enjoy!

In-Home Caregiving for Veterans and Their Spouses, Aid and Attendance VA Benefits, VetAssist Companion and Smart Companion with David Laiderman, CEO of Veterans Home Care

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

“Being a caregiver has to be the hardest job on our planet right now. Literally. First responder, caregiver. I mean, it is a lot of energy. It's physical, it's emotional. It's so challenging. And so we see it every day, unfortunately. It really falls on the caregiver. But don't underestimate what a two-hour break can give you or a four hour break. If I have to go to work and I'm stressed out all day because I don't know what's going on with my mom at home, I leave her in the morning and I come home at night and I can't afford private care for her and she doesn't qualify for any additional programs. Fortunately for a lot of our clients, they fall right above the Medicaid line, which is the worst place to be in our healthcare system.

“And so I'm stressed all day, well what does that do to my work? I can't stay focused in my meetings. I can't really contribute the way that my employer expects me to. I'm stressed out about my mom all day. And so having a solution like this in those moments can give you that peace of mind to know that it's there. There's something there to keep her safe. There's an option there in the event that ... I'm concerned she's going to fall. There's something there to protect her that she's willing to participate in.”

- David Laiderman, CEO of Veterans Home Care

“The gap or the problem and why our company exists in the first place is that, unfortunately, the same veteran family that typically would qualify … generally doesn't have a savings or enough savings to be coming out-of-pocket to spend the money on the qualifying medical expenses that otherwise qualify you for this program to show proof of spend. And why is that important? Because this particular pension benefit is a reimbursed pension benefit. You'd have to be spending the money to get the money. But if you can't afford to spend money, then you can't show that you qualify.”

“It's a great benefit. It's a great program. The VA's awesome. What they provide is unbelievable but there are some of these interesting gaps. And I think in the time that the program and this benefit and fiduciary was created, it was created to say, "Okay, we have veterans who are coming out-of-pocket and spending money on these expenses and we need to reimburse them." That was the lane that created it years ago. Our company gets a lead, we take a veteran or a survivor and we work them through. We have our own application. We help them gather all the particular documentation they would need to support the VA application. They fill out the VA application and send it in and then we help them gather all the supporting documentation in the event, which is frequent, that the VA would come back and say, "Okay, we need this, this and this to prove these numbers." We get them fully prepared for that.”

- David Laiderman, CEO of Veterans Home Care

00:00:00 Intro

00:02:55 David’s introduction to caregiving and older adult issues

00:04:19 How do we keep people in their homes as they age?

00:06:14 Caregiving impact on finances, family and retirement savings

00:10:15 Aid and Attendance - VA

00:14:12 Veterans and survivors benefits Aid and Attendance qualifying

00:20:51 Core mission of keeping veterans in their homes aging safely

00:21:57 Smart Companion overview

00:34:35 Caregiving and in-home smart technology timing

00:40:54 David’s take on the national senior care infrastructure

00:44:01 David’s vision and enthusiasm for the future

00:46:22 David’s contact information and show wrap

#020

All About Medicare Advantage with ATRIO Health Plans CEO Gregg Kimmer

Share This:

Facebook
Twitter
LinkedIn
Email

“There are hundreds and hundreds of benefits within a Medicare Advantage plan. The vast majority of them are what I call invisible benefits. The benefits a person may never use, the benefits a person may not even know they have. I like to focus on six core benefits to make a Medicare Advantage plan really stand out and again, benefit the consumer or the member. That's what this is all about.

Those six benefits are premium. Number one, what am I going to pay every month to be on this plan? I like to keep it at zero.

Number two, the PCP copay. How much are you going to charge me to go see my primary care doctor? I like to keep that at zero. Number three, specialist, if I need to go see a specialist for a pulmonary issue or orthopedic issue, cardiology, what have you. What are you going to charge me for each encounter with that specialist?

Okay, number four is inpatient. If I get admitted to the hospital, what is it going to cost me per day?

Number five, MOOP. You mentioned MOOP, maximum out of pocket. What's my maximum financial liability to be on this plan?

And number six, dental. Matt, dental is becoming the must have benefit in Medicare Advantage plans. Really the thing that makes these plans stand out and really gives the people the utility of these plans is something like dental. So again, premium, primary care copay, specialist, inpatient, maximum out of pocket and dental.”

- Gregg Kimmer, President and CEO of ATRIO Health Plans

My guest today is Gregg Kimmer, President and CEO of ATRIO Health Plans.  Based in Oregon, ATRIO administers Medicare Advantage plans for customers in Oregon, Nevada, Tennessee and Louisiana.

This edition of The Matt Feret Show will give you an Insider’s Guide to Medicare Advantage, from the perspective of a Medicare Advantage plan president and CEO. Enjoy!

All About Medicare Advantage with ATRIO Health Plans CEO Gregg Kimmer

Listen to the episode on Apple PodcastsSpotify, Deezer, Podcast Addict, Stitcher, Google Podcasts, Amazon Music, Alexa Flash Briefing, iHeart, Acast or on your favorite podcast platform. You can watch the interview on YouTube here.

Brought to you by Prepare for Medicare – The Insider’s Guide  book series. Sign up for the Prepare for Medicare Newsletter, an exclusive subscription-only newsletter that delivers the inside scoop to help you stay up-to-date with your Medicare insurance coverage, highlight Medicare news you can use, and reminders for important dates throughout the year. When you sign up, you’ll immediately gain access to seven FREE Medicare checklists.

“Our members actually walk into the door of our headquarters to ask questions. And I think that's pretty cool, and this happens very frequently. And I think that creates a certain stickiness with these members, such that they can go talk to a human being in our headquarters, ask a question, get guidance, versus calling a generic 1-800 number in the back of their ID card. I think that's really how we stand out as being that local health plan where people can literally come into the door and ask us questions, and they do.”

- Gregg Kimmer, President and CEO of ATRIO Health Plans

“Value-based care is at the core of what we do, and the consumer may not realize that they're benefiting from it, but they are. We are taking unnecessary costs out of the system. So for instance, making the primary care physician copay $0 instead of $20, you're encouraging the person to go create a relationship with the primary care physician such that they won't go to the ER for a headache. Okay? You're removing all financial obstacles from that person, creating that relationship, with that primary care physician. That's one core example of value-based care. And again, I don't think the consumer may realize our motivation here, but it's actually to help them such that we don't put more and more waste into the American healthcare system.”

- Gregg Kimmer, President and CEO of ATRIO Health Plans

00:00:00 Intro

00:02:02 Gregg’s professional background

00:03:44 What health insurance CEOs do

00:04:45 Three Medicare options and what’s changed over the years

00:06:56 Increasing popularity of Medicare Advantage

00:09:24 Medicare Advantage criticisms: networks

00:11:12 Gregg’s view of managed care in Medicare

00:12:46 Value-based care and Medicare

00:15:51 Smaller vs. large, national Medicare insurance companies

00:20:03 Use local independent Medicare agents to shop for Medicare insurance

00:22:06 Medicare Advantage and Prescription Drugs

00:24:19 Designing plans and the annual Medicare Advantage bid process

00:29:11 The six most important Medicare Advantage benefits to pay attention to.

00:30:35 How can $0 Medicare Advantage plans be $0?

00:32:51 The future of Medicare Advantage

00:34:21 Gregg’s favorite color

00:37:43 Show wrap

Recent Podcasts

Subscribe

Prepare For Medicare
© Copyright 2023. MF Media, LLC. All Rights Reserved.