Medicare penalties can be confusing—and costly. Brad andMike unpack the penalties tied to Medicare Part A, Part B, and Part D, including what triggers them, how they’re calculated, and which ones can follow you for life. They also discuss credible coverage, why prescription drugcoverage is often misunderstood, and how IRMAA can raise your Part B andPart D costs due to a two-year income lookback.

Connect with Brad & Mike:

🌐 Web: ⁠⁠https://bradandmike.com⁠⁠

📅 Schedule a MedicareConsultation:⁠⁠ https://calendly.com/mikesbea/30-minute-medicare-meeting⁠⁠

🎙️ Watch on YouTube: ⁠⁠⁠https://www.youtube.com/@bradandmike/podcasts⁠⁠

In this episode, Brad and Mike dive into the Medicare acronym of the day: SEP (Special Enrollment Period).

Think of an SEP as your “golden ticket” to make changes to your Medicare coverage plan outside of the Annual Enrollment Period. Whether you’re retiring late, moving, losing employer coverage, gaining or losing Medicaid, or impacted by special circumstances, SEPs provide flexibility when life changes happen — there are over 30 different SEP opportunities that may apply.Brad and Mike explain the most common scenarios, why these enrollment windows matter, and how understanding SEP rules can help you avoid costly mistakes.

Tune in for a clear, conversational breakdown of why SEPs matter and how to know if one applies to you.👍 Don’t forget to like, subscribe, and reach out if you think you qualify for an SEP!

Connect with Brad & Mike:

🌐 Web: ⁠https://bradandmike.com⁠

📅 Schedule a Medicare Consultation:⁠ https://calendly.com/mikesbea/30-minute-medicare-meeting⁠

🎙️ Watch on YouTube: ⁠⁠https://www.youtube.com/@bradandmike/podcasts⁠⁠

In Episode 5 of The Brad and Mike Show, we take on one of the most confusing Medicare topics: Medicare Supplement Plans (or Medigap).

We break down what Medicare Supplement Plans cover, what they don’t, and who they actually make sense for. We explain how supplements work alongside Medicare Parts A and B, why Original Medicare typically only covers about 80% of your medical costs, and how a supplement can help reduce out-of-pocket expenses.

We also walk through guaranteed issue periods, underwriting, how rates increase over time, and why Medicare Part D is still an important piece of the puzzle.

This episode is ideal for anyone turning 65, already on Medicare, or reconsidering their current coverage and risk tolerance.

🎙️ Clear explanations. Real-world examples. No sales pressure.

Connect with Brad & Mike:

🌐 Web: https://bradandmike.com

📅 Schedule a Medicare Consultation: https://calendly.com/mikesbea/30-minute-medicare-meeting🎙️ Watch on YouTube: ⁠https://www.youtube.com/@bradandmike/podcasts⁠