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Dental Coverage On Medicare

Finishing Well / Hans Scheil
The Truth Network Radio
July 2, 2022 8:30 am

Dental Coverage On Medicare

Finishing Well / Hans Scheil

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July 2, 2022 8:30 am

Hans and Robby are back again this week with a brand new episode! The topic this week is about dental coverage on medicare. A somewhat rare occurrence, but it can happen. Hans and Robby gives some insight into this interesting scenario.

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You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.  Find us on YouTube: Cardinal Advisors.

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This is the Truth Network welcome to finishing well brought to you by Cardinal guy, certified financial planner longs at Shiloh best-selling author and financial planner helping families finish well for over 40 years of finishing well will examine both biblical and practical knowledge to assist families in finishing well, including discussions on managing Medicare IRA long-term care life insurance and investments and taxes. Now let's get started with finishing well, finishing well is a general discussion and education issues facing retirees.com partner with drivers.

I'm sure I'll see some insurance this show does not offer investment products or investment advice welcome to finishing well certified financial planner Hans Shiloh and today show's dental coverage on Medicare which does name seem to make sense at first, but were to make some sense out of this as we go through that today and so is I was thinking about this because it actually I know that Medicare itself doesn't offer any dental or vision insurance for that matter, but in an Medi-Cal or Medicare advantage plans. They sometimes offer that in order to get people to take their Medicare advantage and so I was thinking that that's kind of a shell game actually is the best way I know to put it is in the end Jesus talked about this in the song of Solomon where he was talking to his beloved and he said to her, actually. When is trying to get her to go away with them.

He says catch for us. The little foxes, that spoil the vineyard.

Well, you know, the blooms are our young and the idea is that these foxes are, you know the falls in the in Hebrew that were to show accurate means alive. At some is set you up to essentially take the bait, which you don't see is that that often there's a hook in there and unfortunately whether spiritual lives in a were going after false comforters overgrown after false worship or were gone after fall, something like that.

Not realizing the giant hook is in their but insurance companies have been masters of this for a long time. Then they Hans, you know, it should dental clinic, and their all about. Usually just been through a big been through expenses over time in the group and maybe dental. The only place that they really use their group insurance or maybe they don't have group and they incurred expenses are heard about somebody when they come in if dental is the end all be all I've got for now. Look down and I've got to get it in its appropriate place because what we need to be doing with Medicare and Medicare people is we need to get health insurance in case they have 100,000 or 200,000 $300,000 bill and make sure that they can go to the doctors that they need to and that they can get most of the bill paid by insurance and Medicare that need to be the priority and then dental and prescription drugs for that matter are and on your extra things are still important, but they need to be put in the appropriate place, since it's really the cart before the horse undoubtedly's when usually those coverages are so minute that they hardly even cover much of anything when we get into this today. I think you're gonna see how surreal eye-opening experience. Robbie was talking about that you generally on Medicare you get dental and vision and got zero premium plan which most people are in a way of panning for so great and that most people don't begin the benefits of what they really are and run in the order pertaining to buildings really those two things may be a little bit of a crown then up at me may have a typical $750 or $1000 annual maximum and they usually require copayments and then the size of the copayments. When you go to the dentist are going to be dependent on whether you go to a network canister and out of network.

If you get on the network don't expect that because the copayments can be on the charge and then on the vision you have any for about half 1/4 to half of the Holocaust, including glasses may not got the best plan going in and on the Medicare managed plan to get you in the door in the get you an exam, probably for free or an out-of-pocket pay and they're going to get you glasses like the issue of the military once every two years or something.

And if you want to go up from there and get bifocals from attempted lenses or whatever you're given and most of those yourself. Nonetheless, you get something with Medicare advantage plans and when I have a customer that is all.

And I'll be all they want to compare the dental plans of the various Medicare damage claims.

I have to tell them what we need to be comparing the medical benefits in the hospital benefits in the network and the cost for medical stuff dental is the tagalong.

So, for use in the main event that the problem and not to mention it's kind of scary for me this something that has might have a great Medicare supplement with would consider dropping their supplement to get some dental insurance is to $750 was coverages is a real scary thing just to begin with right hand of the reasons to go to a Medicare dental freebies. Now if you're on original Medicare, and you have once you understand you may already know, you have no coverage or cleaning filling crowns, extractions, denture implants, you do have coverage. If you have cataracts or question that a lot of people asked me you had a detached retina and you needed that work on. If you are in an accident somehow your teeth were damaged, you have coverage under Medicare were talking about routine and then major stop that is classified as dental Medicare doesn't cover it. Your supplement doesn't cover the good news is you can buy insurance and we fell to pay for dental, whether on Medicare, you got yourself and you're not on Medicare you yeah well I I purchased this plan after I had my big so I had more extractions or teeth extracted one of them extracted himself on the crown and then I had implants could and they had to build up my bone in my job, you can count bone or something just a miracle. What they could do so that it would be sturdy enough to accept the implant.

This went on for a year and $25,000 later I had wonderful cities in there and now I'm just as good as new equipment that I doubt think this is a whole lot better than the old style of dentures and I probably have more to come.

So I bought the basketball that I could get past that I probably got more and my wife is going to have this problem from her low 60s.

Mid-sixties and now and I bought it based around the major stop so we have one company that offers a $5000 annual maximum. So this whole thing cost me like 24 grand 25 grand that it was spread over two years.

So for starters we could get the $5000 annual maximum twice so they get $10,000 if we had something that major, but we also, the policy only pays 50% of made yourself up to 5000.

So regardless really have insurance or not.

You're paying for some this and I did go to the best people in Raleigh. In my opinion who don't know when I do that by choice because I've got the month but nonetheless this happens in the future. I've got dental insurance they were using it now for the exams and my wife used to Christian schmaltz. My son is under 26 is on is used to Christian stuff so getting benefits only really bought this for the fixed line and then actually asked if somebody had gotten a Medicare advantage type of health coverage. Even with the maximum every year of a thousand. I mean it when even a made a dent in year this dentures since the yes I think that actually list up on the Medicare advantage exclude implant. Just because a lot of the dental plans exclude implant still instilling it and configure.

You know they've only been doing it for X number of years, but we know the difference with poet and dental plans that we saw maybe 15 but most of our business with two or three companies that one of those. The NCD international care, dental one. I have the energy backed up by Nationwide or the insurance company behind it and it's all about the $5000 maximum.

There still, it has its own little rules of getting at the money so the stock is far from perfect.

Anybody's ever have much dental insurance is experiencing them parts of the banister symptoms to Bryce's muscular things for young people. But the points you know, still, is that you know what the focus is the actual medical coverage that is the main purpose of the insurance right because you could come up against some real issues that we talked about before with Medicare advantage plans and and so we got a whole lot more to talk about when it comes this when we come back a course when remind you that today's show was always brought to you by Cardinal advisors Cardinal advisors.com or you can find Hans's book the complete kernel guide to planning for and living in retirement that has the seven worries tabs and windows raises Medicare, Medicare advantage, that kind of thing. It's all there in Hans's book or you can just email Hans there@cardinaladvisors.com. The questions wonderful video with both Tom and Hans on dental insurance on Medicare. It shows all sorts of plans and Tom's got the actual plans right up there I met some Cardinal advisors on their YouTube channel. Cardinal advisors and so when we come back we got some more to share on dental coverage on Medicare will be right back.

Hans and I would love to take our show on the road to your church, Sunday school, Christian or civic room. Here's a chance for you to advance the kingdom through financial resources and leveraging Hans expertise and qualified charitable contributions veterans aid and attendance IRA Social Security care and long-term care. Just go to Cardinal.com and contact Tom to schedule a live recording of finishing well, your church, Sunday school civic Cardinal guy.that's Cardinal guide.com welcome back to finishing well, a certified financial planner Hans Island today show is always brought you by Cardinal guide.com and our show today is on dental coverage and actually vision coverage as well on Medicare and so Hans taken away every one of these radio shows the corresponding YouTube video Cardinal advisors even go there, you can just find today's radio show. You can find it and I think the video is going to give you more background and@ourwebsitecardinalguide.com you could go under the Medicare tab and you'll find a handout that goes along with YouTube showing the radio show where you could actually look at documents now, but back up things we're talking about on YouTube channel so you know what I was telling Robbie acid will have a good story Karen dental insurance baby other than my own. But that's not even really that great story because nobody's life is been changed by the dental insurance policy that I sold my magic time he started, this is not that big of a deal, so anything that will moved to the bottom of the priority list of things that we can help people with. It is good to be dental insurance, health insurance, medical insurance, hospital insurance, Medicare long-term care insurance, life insurance, all of the things that we do.

Doing good investment planning. I got all kinds of stories about how we change people's blood that there was a density okay.

That being said, let's talk about the plan little bit I'll give you a chance to react to the clown's my wife and I both did a little older do this that and the other and you know there's a lot of interesting ways to handle that.

But most dental plans are to pay at least half and then you can await several years and MS things you can do with your healthcare savings plan and I and all those things fit into it, but like you say. I mean those are can make a huge difference of long-term care insurance on my good what it would with the difference that makes. In someone's lives or even you know my dad's policies because he had, he never went to Medicare advantage. She stayed with a Medicare supplement which cost him some money, but all my goodness did save them money at the end of his life because you know he didn't pay anything out those in the last seven or eight months. He spent most the time in the hospital yet. Be clear about myself that I did that for several read. So I got the best of the best and I have that because when I spent $25,000 of our hard-earned money over a couple years fixing my mouth.

Part of that was because I neglected some things for a few years and through the pandemic and get a few problems that were in there got worse and then I finally go in there and I started dressing everything. You know it is a married folks know I got a deal with my spouse and I wife and me.

It's like you paid how much what it's like why are we doing and I'm just doing this because I want my teeth to be taken care of and we're having to pay for.

Just because we paid a little bit out of our dental insurance that we had before, so I really bought it to appease her because the next time something like this happens or happens to her paper by the dental insurance so there's a little bit of that going on and budgeting. I also just link it.

We're going to be inclined to get the best care that we can can a lot of people by the dental insurance policies and then never used to do all the stuff inside it were to be inclined to use and reuse division part. So let's talk a little bit about what I bought. Okay I do have an annual maximum of $5000. That means in any calendar year 15.

And what it does hundred percent coverage on exam. So you go in for your dental exam twice a year.

The cradle, cool makes you more inclined going do it. He percent for basic stuff for cleaning buildings, if anything that they do, which is under the list of basic care and you got a $50 deductible.

So when you going to get some feelings you get your teeth cleaned that usually part of the exam that the cleaning would be 100%, but I never pay that much attention to it. We get good coverage on that and then the place really go to 50% coverage is on oral surgery, implants, crowns and down next periodontics dentures and anesthesia pay for the anesthesia circular going and get one up you got good coverage is still only 50%. That means your pay and the other at but it's going to be nice enough coverage to get us in the door.

Her little bit and I think we need more. This crystal can have some savings that would scrap pay for and then when you get over the vision. I actually use this on the vision and I looked up the VFP name where they are depicted on their website and was just about a mile away. I went down there.

I got the exam had like a $10 co-pay for pretty extensive exam. The lady told them I need cataract from 67 to 3 years.

I was really encouraging us in their life that will good you might need about five. She said well the other one looks pretty good but most of the time. Yeah, a couple three years later they going to make the other one so bad just so I can repeat myself. Regular Medicare my Medicare supplement okay for that. This is more for the exam. They do that cook home. I exam you know exactly got home I reviewed some kind of treatment. There's a level that would fall under Medicare but nonetheless if you have this insurance you ended up that I bought glasses from needed new glasses that I bought some of the nicest glasses that they had bifocals, but there you go. Gradual or not absolute wounds in there Probably the most expensive class is for cell and they turn dark when I'm out the light. No, I can't stop and my bill was like 900 and I got somewhere between four and 500 insurance. I took it for, but you know that was all network prices so I still feel like I got I even help prices that you're paying like if you buy the whole package like I have. It's 100 bucks a month for one person and for a couple of hundred 73 bucks a month so it's not cheap, dental and vision right that's dental and vision. That's the whole package you knocked the vision out of their you knocked out about 20 bucks a person per month. She maybe 25 bucks a month per person per month deal. You don't have to buy the Cadillac plan like I bought you can buy plans down the chain a little bit from this, even from a different company. Guiltless to say 4050 bucks a month for one in like 75 or 80 bucks a month for two and the only real difference is you can have about $2500 maximum of $2000 maximum for the dental right and you can buy those along with a Medicare supplement or even if you got a different based on your Medicare advantage plan that you really like this number is not to just buy a better dental and vision insurance right yet you can get to to work together and work on top of each other and if you really wanted to pare the price down if you bought something like you get with Medicare advantage plan F 2025 bucks a month from us that we got a whole assortment of companies he had no like it that this is going to change people's lives. It doesn't stop us from studying it, knowing it helping people with it. I'm just finding a hard time to get to fired up about yelling passionate as I normally am about to change your life to this one little maneuver selling your dental networks are still you know another area that the right people got a favorite Dennis that they've been going to for years and years and years of the same at eye doctor that still part of trying to determine if know that's a challenge that you people get them the Medicare advantage plan just to get this, not realizing that all Mama network is going to come home and in on you big time and so you know it's not so simple as just taken the bait without running it will not know I have clients that come to me that you are looking for a particular network and on the dental plan and and in so we can actually accommodate that. But it's tricky because you know it. We have also planned that don't require a networks on outward. You can buy a private dental insurance plan that has no network is Cisco schedule in the policy, like a network and then that's all they're going to pay network here and if you that the whole thing is an issue that when I failed to work for me on Maui looks set expectations just like I'm doing on the radio set. It make great speaks to the heart of why a lot of folks choose to stand in arithmetic regular Medicare with a Medicare supplement rather than go to Medicare advantage to begin with.

Because the second you say Medicare advantage right unit comes with a whole network concept all yeah yeah I mean work were basically pro for an original Medicare supplement that you want dental insurance for five separate plan that's generally pro but Dr. everybody then Medicare advantage if you're going to go there.

You typically get to go there for the zero premium community.

One of the big reasons people go there, and they're real happy with Medicare supplement regular nor they have to pay for a drug plan and then they get all the added benefits of a try to be right down the middle on which direction to go better. The reason I'm right down the middle.

It depends in your budget depends on what can a break and I try to get you into something that has the potential change in your life on up all the stuff that we and all the recommendations that we make as we try to get everybody and something with insurance that is something bad happens to them that they're going to be in a good position to the insurance right in that sense of security asked of taken the time to get somebody really knows all the different angles to all the different things because everybody situation. We talk about all the times is no cookie-cutter approach right and in my own situation. I loved what happened with my dad's Medicare supplement and so I started out with that with my own Medicare, but then realized that my network as it turned out, my doctors and people I used would work well with Medicare advantage and and and for a time. You know I'm going that direction. However, you know I'm always keep my eye on the Medicare you know every year you can reevaluate it and them and look at what you need to do based on your health. Based on your network based on all sorts of factors. If you have the frightened and end of contact right in Hans that you can go to gargle guide.com Cardinal advisors is where you get to them on YouTube. And so, thank you so much for listing.bless you and God bless America, finishing well is a general discussion and education of the issues facing retirees Cardinal guide.com Cardinal advisors upon trial CFP some insurance


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