Uploaded August 2026 | Updated September 2026, 3 weeks ago
✅ Need Medicare Help? Get FREE personalized guidance from our trusted partner Chapter — they represent all major plans and will help you find the one that’s right for YOU.
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In this video, Geoff shows you what Medicare's latest Part D announcement really means for your prescription drug coverage. He explains why the temporary subsidy is ending (and why it was there in the first place), what might happen to Part D premiums in 2027, new lower drug prices that come online in January 2027, Medicare Advantage vs. Medigap, and the important steps you should take during Open Enrollment to avoid costly coverage mistakes.
CHAPTERS
0:00 What Medicare's Part D Announcement Really Means
1:19 Why the Part D Subsidy Was Created
2:47 Why Part D Plans Are Disappearing
4:12 The Temporary Premium Subsidy Explained
5:05 Will Part D Premiums Increase in 2027?
6:39 Lower Drug Prices Are Coming
7:58 What Could Still Change in 2027?
9:05 Part D vs. Medicare Advantage
10:21 What You Should Do During Open Enrollment
11:07 Final Takeaways and Next Steps
___________
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If you're still using spreadsheets for your financial planning, you're doing it the HARD WAY.
Check out the best planning software I've found - BOLDIN (prev. NewRetirement) personal financial planning software. Free 2 week trial and $12 mo ($144/yr after). I use it and recommend it.
Use this link to try Boldin for free for 2 weeks: https://hlyshm.it/Boldin
Please note: On this channel we only have 3 affiliate relationships. Chapter and Boldin are two of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
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Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Legal disclaimer:
Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
✅ Need Medicare Help? Get FREE personalized guidance from our trusted partner Chapter — they represent all major plans and will help you find the one that’s right for YOU.
📞 Call Now: 440-703-1224
In this video, Geoff shows you what Medicare's latest Part D announcement really means for your prescription drug coverage. He explains why the temporary subsidy is ending (and why it was there in the first place), what might happen to Part D premiums in 2027, new lower drug prices that come online in January 2027, Medicare Advantage vs. Medigap, and the important steps you should take during Open Enrollment to avoid costly coverage mistakes.
CHAPTERS
0:00 What Medicare's Part D Announcement Really Means
1:19 Why the Part D Subsidy Was Created
2:47 Why Part D Plans Are Disappearing
4:12 The Temporary Premium Subsidy Explained
5:05 Will Part D Premiums Increase in 2027?
6:39 Lower Drug Prices Are Coming
7:58 What Could Still Change in 2027?
9:05 Part D vs. Medicare Advantage
10:21 What You Should Do During Open Enrollment
11:07 Final Takeaways and Next Steps
___________
✅ 100% FREE DOWNLOADS - (NO CREDIT CARD, NO PHONE NUMBER)
Take Our 2 Minute Retirement Readiness Quiz
Receive Our Free 12 Page Custom Report e-mailed instantly: HolySchmidt.com/Quiz
2026 Social Security Quick Guide
1 Page Report e-mailed instantly: HolySchmidt.com/QuickGuide
Retirement Ready Checklist. Checklist for Important Retirement Decisions
HolySchmidt.com/Checklist
Health Insurance Options in Retirement Report
HolySchmidt.com/FreeReport
Note: You will also be added to our list and receive free tips, tricks and other useful information by email a few times per week. Of course you can unsubscribe at any time.
___________
✅ GET GEOFF’S COURSE, SOCIAL SECURITY SIMPLIFIED
Confused about how Social Security works for you? Go from beginner to confident in under 5 hours with our course: Social Security Simplified. Get $60 off with coupon code: 60OFF
HolySchmidt.com/SocialSecurity
___________
✅ COMPANIES WE SUPPORT AND SPONSOR
BOLDIN
If you're still using spreadsheets for your financial planning, you're doing it the HARD WAY.
Check out the best planning software I've found - BOLDIN (prev. NewRetirement) personal financial planning software. Free 2 week trial and $12 mo ($144/yr after). I use it and recommend it.
Use this link to try Boldin for free for 2 weeks: https://hlyshm.it/Boldin
Please note: On this channel we only have 3 affiliate relationships. Chapter and Boldin are two of the three. If you purchase their product or use their service, we receive a small fee. This does not increase your cost. Affiliates help us pay for the cost to operate the channel.
___________
Geoffrey Schmidt, CPA Bio:
Geoff Schmidt is a CPA and member of the American Institute of Certified Public Accountants (AICPA). Geoff specializes in personal financial education for those approaching or in Retirement. Geoff spends 100% of this time on financial education through social media.
Legal disclaimer:
Chapter Advisory, LLC (“Chapter”) is a private health insurance agency. In California, Chapter does business as Chapter Insurance Services (Lic. No. 6003691). Chapter is not affiliated with or endorsed by any government entity. While Chapter has a database of every Medicare plan option nationwide and can help you to search among all options, it has contracts with many but not all plans. As a result, Chapter does not offer every plan available in your area. Currently, Chapter represents 50 organizations which offer 18,601 products nationwide. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period.
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
Channel Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. Holy Schmidt! is not affiliated with the Social Security Administration, Centers for Medicare & Medicaid Services or any government agency.
