Don't Confuse a Deductible with an Out of Pocket Maximum

Viewers often see our videos breaking down Medicare Supplement plans and Medicare Advantage plans and mistake a deductible for an out of pocket maximum. These two things are very different, and confusing the two could mean overlooking dollars you could save yourself both before you get Medicare and after you move to Medicare. Need help? Email me! [email protected] For even more on retirement, visit our website: https://www.TheRetirementNerds.com Federal Disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options. Chapters: 0:00 Introduction 0:22 Definitions 1:33 Employer Coverage Example 3:56 Medicare Supplement Example 5:19 Advantage Plan Example 8:01 Part D Drug Coverage 9:32 Wrapping Up