Yes, we are brokers! You can use this link from our website if you want to connect with us, or we can connect you to another broker to help you find a Medigap plan if we aren't licensed in your state gmedicareteam.com/map/
This is an excellent video. Choosing between N & G is almost a coin toss in terms of 1st year cost. It's what happens to those premiums in the future that's so important.
Am amazed at the lower prices for plan G than our area. Did change Insurance co as price went up quite a bit but now the "new" co. is raising rates in May by ~$17/mth. Recall agent had said the some of Ins.Co looked at the rate would be for whole year. Is there a cap on rate increases for supp. or drug plan insurance? The part D drug plan went up more than 3x's amount (4.60 > 18.60). I didnt change it ontime. Even SF is lower for G then our area. Am curious about the high deduct plans as thought it also applied to part B of Medicare but someone said it applies to A (hospitol), so seems a good deal I past on .
This year we have seen larger premium increases for almost all Medigap plans across the board, so unfortunately you are not alone. There is not technically a cap on how much a company can increase premiums, but the State Department of Insurance does have to approve the rate increases before they are implemented, so the insurance company does have to justify the premium increases. A high deductible Medigap plan could be good to consider based on pricing! The deductible does apply to both Part A and Part B services so that is correct.
@@GiardiniMedicare ,does that mean with plan GHD , that Medicare doesnt pay Dr or tests till after $2800 deductible or just that supp insu. doesnt till you pay the deduct. for part A and B (have never used part A yet).
@@1aliveandwell The Medigap wouldn't pay until the $2800 deductible is met. Essentially you would have normal Original Medicare coverage until you pay the full deductible out of pocket.
Very good RUclips on the subject of "closed block" of business. Thanks for all the reference information. Is there any protection from the state insurance commission from preventing a insurance company closing then opening a medigap plan with the same name? Or do they change the name of the plan? Is there a list of insurance companies (per state) that have never done a close block of medigap plans (like State farm, USAA etc)?
They typically will change the name of the plan very slightly, but it is virtually invisible to consumers since their ID cards will still have the name of the parent insurance company on them. We have never found an easy to access list of the companies that have never closed a block of business (that number would be very small), but here is the link to the filings that companies submit to the state: www.serff.com/serff_filing_access.htm
I'm not aware of a limit for how often they can increase their rates, but most commonly, companies will increase their rates one time per year (combining the claims and age increase), while others increase it two times per year (separating the age and claims increase).
This information is fabulous! What are your thoughts on Old Surety Life Ins Co? I know they are relatively new but their rates are very competitive and based on issue age. Any thoughts would be appreciated. Thanks
Can we switch from a G to an N in California? Can you tell me which insurance companies offer the lowest monthly premium for the N and G? Thank you so much.
The birthday rule allows you to change from Plan G to Plan N, but the pricing depends on your age and zip code. I can give some prices once I have that info
@@GiardiniMedicarethank you so much! You have the best information and so wonderfully detailed. The chart showing the comparison of G and N long term is very helpful. Thank you!
I still have over a year before I'm eligible for Medicare (turning 64 this year). I'd still like to get an idea of what a Medi-Gap policy will cost. I live in 94109 (San Francisco). I currently have insurance through my past employer (retired from UCSF). They will also pay part of my part B premium once I'm on Medicare. They also offer partial coverage for a few Medicare Advantage plans, but for various reasons, I prefer to go the Medi-Gap route.
Of course, these prices can and probably will change over the next year or so, but here are the top 5 lowest rates I see in your zip code for Plan N and Plan G for right now... Plan N: $101.09/mo - Transamerica Life Insurance Company $102.00/mo - State Farm Mutual Automobile Insurance Company $114.32/mo - AARP Medicare Supplement Plans, Insured By Unitedhealthcare $115.49 /mo - Cigna Health And Life Insurance Company $117.62 /mo - Humana Insurance Company (Achieve) Plan G: $132.09/mo - USAA Life Insurance Company $133.00/mo - Blue Shield Of California Life & Health Insurance Company $133.28/mo - State Farm Mutual Automobile Insurance Company $135.28/mo - AARP Medicare Supplement Plans, Insured By Unitedhealthcare $146.94/mo - Washington National Insurance Company
Will my medigap insurance premium payment change if I move to a different state after I enroll in Florida and move to Illinois? If the rate is lower in Illinois would my premium payment eventually lower.
We hate to give a bit of a wishy washy answer, but it will heavily depend on the Medigap insurance company you enroll with! Some will adjust the premiums based on the premiums in your new state, others will increase to an "out of state" premium rate, and some will just not change and keep the premiums from the state you moved from.
I understand that the premium increases for Plan G high deductible is based on CPI-U and hence more predictable versus open and close blocks. Is this correct?
The deductible increases are based on the CPI-U, not the premium increases. high deductible G increases are often lower than G and N, but they are still subject to increasing due to claims and the opening and closing of books of business
Wow Cameron, Wow. I think you just answered my current question about uncharacteristic increases on our United American HDF plan. I now think UA closed this Block of Business! Our recent letter for 2025 stated his premium was going up 17%! Past increases were no more than 10% I now am certain, thanks to you, that they closed our BoB. So the recourse? Change to HDG with them during CA Birthday Rule? Would we need to go with a different company avoid this?
It's uncommon for United American to close blocks of business, so it's possible they just had a relatively large increase due to their claims (loss ratios). Either way, you can definitely look at the HDG with a different company and switch if it makes financial sense. In CA, with the birthday rule, it doesn't make sense to pay for a more expensive Medigap plan if you have lower-cost options out there.
Here are quotes for a 65-year-old female in that zip code. Just keep in mind these prices can change before October: Plan G: $108.59 /mo Farm Bureau Health Plans $126.28 /mo Mclaren Health Plan $126.97 /mo Omaha Supplemental Insurance $127.42 /mo State Farm Mutual $128.17 /mo Ace Property And Casualty Plan N: $85.62 /mo Farm Bureau Health Plans $89.84 /mo Omaha Supplemental Insurance $94.25 /mo American Home Life Insurance $94.66 /mo Humana Achieve $94.71 /mo Humana of Kentucky Give us a call if you need more help! 248-871-7756
What are your thoughts on Ace Property and Casualty medigap plans? I know they are relatively new and they are inexpensive so I’m worried about them closing the block soon.
@@faugfam This isn't unique to ACE, but they are a new company with little to no history in the market, and their plan administration is outsourced to third parties. We have seen plenty of carriers create competitive plans for a few years only to close and never be seen again. However, if you are in a state that allows you to change plans in the future without underwriting, they are a good option.
I am turning 65 this summer and researching Medigap Plans. I'd like to get an idea of what a Medigap policy will cost. I live in 75036 (North Texas) Thanks!! Great vids!!
Thanks for watching! Here are some quotes based on that zip code, feel free to email us at info@gmedicareteam.com if you want to discuss this in more detail since there may be household discounts or other things to consider based on your situation: Plan G (Female Rates) $104.34 /mo Allstate Health Solutions $108.12 /mo Bankers Fidelity $108.58 /mo Ace Property And Casualty $109.08 /mo Humana (Achieve) $113.37 /mo Lifeshield National Insurance Co. Plan G (Male Rates) $117.88 /mo Allstate Health Solutions $122.08 /mo Ace Property And Casualty $123.26 /mo Humana (Achieve) $124.06 /mo Bankers Fidelity $126.46 /mo Physicians Mutual (Psic) Plan N (Female Rates) $81.50 /mo Ace Property And Casualty $81.82 /mo Philadelphia American $82.40 /mo Allstate Health Solutions $82.50 /mo Bankers Fidelity $83.10 /mo Humana (Achieve) Plan N (Male Rates) $91.58 /mo Ace Property And Casualty $92.46 /mo Philadelphia American $93.06 /mo Allstate Health Solutions $93.67 /mo Medmutual Protect $93.90 /mo Humana (Achieve)
They aren't directly in the 60410 zip code, but we do have someone licensed there. If you want us to get you connected you can just send us an email to info@gmedicareteam.com
For those who work beyond age 65 and use special enrollment to add Medigap plan at 68 or later, using Issue Age, does this create a penalty/higher premium for life?
No. There are no penalties associated with Medigap plans. The issue age premium would technically be a bit higher, but it’s still likely better to delay Medicare if it makes financial sense
I show two possible issue age Medigap Plan G options and one Plan N option in North Carolina. Here is the pricing I see for the possible issue age plans for a 65 year old in 28704: Female Plan G: Old Surety Life Insurance: $106.61/month Transamerica: $143.84/month Male Plan G: Old Surety Life Insurance: $122.60/month Transamerica: $157.72/month Female Plan N: $108.40/month Male Plan N: $118.86/month
@@GiardiniMedicare thank you! What is the Plan N 108.40/month company? The only issue-age I’ve found is Transamerica. I’m trying to find out whether Aetna or AARP are going to raise the premiums a whole lot over the next five years.
@@spirit4earth The issue age Plan N is Transamerica, but it is one of their plans that they only sell by calling them directly, so we aren't sure about the specific details. Currently in North Carolina, Aetna is having an 8% increase for their Plan G and 0% for their Plan N. AARP is having roughly a 12% increase for both Plan N and Plan G. This doesn't really mean a lot when it comes to a 5 year time span, but hopefully that helps a bit! Medigap plans have high increases across the board this year, so make sure to plan accordingly
The following is for non-tobacco usage and no household discounts Plan G: $136.83 /mo Bankers Fidelity Assurance $139.31 /mo Royal Arcanum $140.05 /mo American Financial Security Life Insurance $141.22 /mo Physicians Life Insurance Company $144.62 /mo The American Home Life Insurance Plan N: $105.08 /mo American Financial Security Life Insurance $106.61 /mo Aflac $107.17 /mo Manhattanlife Insurance $107.77 /mo Bankers Fidelity Assurance $108.46 /mo American Home Life Insurance
Here are some Plan G and Plan N quotes: Plan G: $114.32 /mo Bankers Fidelity $116.78 /mo Allstate Health Solutions $120.83 /mo Federal Life Insurance Company $121.24 /mo Royal Arcanum $123.00 /mo Farm Bureau Health Plans Plan N: $88.52 /mo Bankers Fidelity $89.77 /mo Allstate Health Solutions $93.02 /mo Royal Arcanum $93.17 /mo Ace Property And Casualty $93.42 /mo Medmutual Protect
That's correct. Here is some additional information about the different Medigap plans available in Minnesota: mn.gov/commerce/insurance/health/basics/medicare/
I understand the insurance companies need to make a profit just as my company does. You said the increases are because of claims which is the same as car insurance since they have to make money. I know there are actuaries who study and look at statistical data for the risk assessment and cost ratio but in health care do they also factor in genetics of the family life span. I always thought that I would love to sell insurance that is not a actual product that I don't have to produce and meet deadlines and specifications. But in reality it is simply a business to make a profit and with cancer, heart attacks, diabetes, strokes and all the deadly viruses like corvid and rising medical cost I am sure its not easy. But I also wondered how insurance companies selling home and property insurance companies deal with and make a profit when so many natural disasters occur. I was paying way to much a month and never made a claim so I raised my deductible because I looked at the risk assessment. I'm going to be 65 in August so I have to sign up for this so I appreciate the information and explanation as I have two older brothers who tried to tell me which plan to chose which I don't think they fully understand all the facts. ..
Thanks for the perspective! I think for all lines of insurance, it tends to be pretty straightforward in the fact that if costs for insurance companies rise (claims) they just increase premiums to compensate. Companies may lose in the short term, but always win in the long run.
Plan G: $124.06 /mo Bankers Fidelity $126.46 /mo Physicians Mutual (Psic) $128.58 /mo Federal Life Insurance Company $130.92 /mo Royal Arcanum $132.51 /mo Humana Achieve Plan N: $94.51 /mo Federal Life Insurance Company $94.62 /mo Bankers Fidelity $97.05 /mo Universal Fidelity Life $97.72 /mo Royal Arcanum $98.92 /mo Ace Property And Casualty
Rates for those under age 65 are a little tricky, but in Michigan, a Medigap plan at age 65 would be roughly $500/month. However, for a 65-year-old female, non-smoker in that zip code, here are some rates for both Plan G and Plan N: Plan G: $105.83 /mo Ace Property And Casualty $105.91 /mo American Home Life Insurance Company $109.05 /mo American Benefit Life Insurance Company $109.54 /mo Allstate Health Solutions $110.38 /mo Humana Achieve Plan N: $77.11 /mo American Home Life Insurance Company $79.67 /mo Ace Property And Casualty $80.40 /mo Humana (Humana Insurance Company of Kentucky) $80.80 /mo American Benefit Life Insurance Company $82.98 /mo Federal Life Insurance Company
I have a Plan G which has edged up of course over the run. The biggest unknown is Part D: it went from 25 dollars in 2022 to $40 in 2023 and now $75 in 2924. That’s 150% in 2 years. I hate to be skeptical but I think they’re forcing us into Advantage.
There are many large changes coming to Part D coverage over the coming years, but make sure to shop your Part D coverage every year! There are plenty of plans much cheaper than $75/month that may be better if it fits your prescriptions. We have a different video for how to find a Part D plan using Medicare.gov
G just edged up for you? Mine just went up close to $25.00 a month in June, and then it will be over $30.00 a month increase with my new year in August. This is the highest increase I've seen for a year. My state just approves anything the company wants. I got my part D down this year by taking the cheapest plan. But the previous year I paid full price for all my prescriptions plus a hefty monthly premium. But I bet they will sock it to me next year. Yes, I agree. I think the whole point is to force us all into Advantage plans and neither political party is protecting us at all. Sanders is all talk and no action just to make himself look good. I am buying all these plans to be adequately insured in the future. But by the time I will truly need the supplement plan, I won't be able to afford it.
Still a ways out so these prices will change, but here are some prices for a 65 year old male: Plan G: $114.25 /mo Ace Property And Casualty Insurance Company $114.45 /mo Allstate Health Solutions (Ahl) $116.93 /mo Lifeshield National Insurance Co. $118.70 /mo Woodmenlife $122.08 /mo The American Home Life Insurance Company Plan N: $85.75 /mo Ace Property And Casualty Insurance Company $86.03 /mo The American Home Life Insurance Company $86.87 /mo Cigna National Health Insurance Company $87.08 /mo Medmutual Protect $87.35 /mo Lifeshield National Insurance Co. $87.97 /mo Allstate Health Solutions (Ahl)
$93.11 /mo American Home Life Insurance $95.40 /mo Humana (of Kentucky) $96.03 /mo Aflac $96.83 /mo Ace Property And Casualty $99.31 /mo Farm Bureau Health Plans
@@GiardiniMedicare Thank you! I went to the SERFF website and found the last rate memo listed for AFLAC. I am a little confused. It appears to me that AFLAC has only one open block of business, yet in the memo it states " Open or Closed Block: All policy forms have been withdrawn from sale." and "Marketing Method: These policy forms are no longer sold." What does this mean?
@@tims3338 Went and found the AFLAC filing in Michigan, and I don't see that statement in the filing. Make sure when searching for AFLAC you actually look for "tier one insurance company"
The following quotes are for a 65-year-old (Male and Female) based on what I can see using our quoting software: Plan G $210.19 /mo Transamerica $275.86 /mo Emblemhealth Plan, Inc. $290.00 /mo Globe Life Insurance Plan N $197.19 /mo Transamerica $200.95 /mo Emblemhealth Plan, Inc. $274.00 /mo Globe Life Insurance
@@GiardiniMedicare I liked your RUclips programs comparing premium, long term cost etc for different companies. The human touch is what we customers looking for. I have been hoping that I can get a personalized guidance from you in selecting a company. Thanks.
@@maodi1062 Not sure if you saw one of the other comments, but if you use this link, we can connect you with agents we personally know that can help you in NY: gmedicareteam.com/map/
Right now, your Medigap options are very limited in Indiana if you are under age 65, as far as I am aware. Currently, companies only have to offer Plan A, but starting in 2025, they will have to offer all plan letters, while charging no more than 200% of the premiums for someone who is age 65. There are more details in the recently passed in Senate bill 215: iga.in.gov/pdf-documents/123/2024/senate/bills/SB0215/SB0215.05.ENRH.pdf With that being said, here are some quotes for Medigap Plan A for under age 65: $226.10 /mo State Farm Mutual Automobile Insurance Company $229.46 /mo New Era Life Insurance Company $304.81 /mo Washington National Insurance Company $337.40 /mo Everence Association Inc $351.79 /mo Transamerica Life Insurance Company
Plan G: $169.76 /mo Cigna National Health Insurance $171.70 /mo Lifeshield National Insurance Co. $173.98 /mo Woodmenlife $175.24 /mo Federal Life Insurance Company $177.75 /mo Ace Property And Casualty Insurance Plan N: $126.15 /mo Cigna National Health Insurance $130.00 /mo Federal Life Insurance Company $132.40 /mo GPM Health And Life Insurance $132.62 /mo Woodmenlife $132.75 /mo Ace Property And Casualty Insurance High-Deductible Plan G: $52.74 /mo AARP Medicare Supplement Plans, Insured By Unitedhealthcare $54.00 /mo United American Insurance Company $54.32 /mo Royal Arcanum $56.14 /mo Federal Life Insurance Company $58.07 /mo Washington National Insurance
@@dixiedoxiedoodle Here are the 10 lowest cost Plan G's that I see for 5/1: $110.85 /mo Federal Life Insurance Company $114.00 /mo Ace Property And Casualty Insurance Company $114.32 /mo Bankers Fidelity, Assurance Company $115.59 /mo Lifeshield National Insurance $116.78 /mo Allstate Health Solutions $118.39 /mo Physicians Life Insurance Company $120.03 /mo The American Home Life Insurance Company $121.24 /mo Royal Arcanum $122.81 /mo New Era Life Insurance Company $123.00 /mo Farm Bureau Health Plans
Plan G: $169.76 /mo Cigna National $171.52 /mo Federal Life Insurance Company $171.97 /mo GPM Health And Life $187.42 /mo Humana Achieve $187.79 /mo Wps-A Health Solutions Company $191.23 /mo Allstate Health Solutions Plan N: $126.15 /mo Cigna National $127.24 /mo Federal Life Insurance Company $127.26 /mo GPM Health And Life $134.89 /mo Royal Arcanum $138.89 /mo American Home Life Insurance Company $139.65 /mo Humana Achieve
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Are facility charges considered excess charges?
Not that I'm aware of
Thank you
Excellent video. I’m learning so much from your company! Thank you
Thanks for watching!
Great video! Lots of information and data! Do you offer the service of helping people pick the medigap provider?
Yes, we are brokers! You can use this link from our website if you want to connect with us, or we can connect you to another broker to help you find a Medigap plan if we aren't licensed in your state gmedicareteam.com/map/
This is an excellent video. Choosing between N & G is almost a coin toss in terms of 1st year cost. It's what happens to those premiums in the future that's so important.
Am amazed at the lower prices for plan G than our area. Did change Insurance co as price went up quite a bit but now the "new" co. is raising rates in May by ~$17/mth. Recall agent had said the some of Ins.Co looked at the rate would be for whole year. Is there a cap on rate increases for supp. or drug plan insurance? The part D drug plan went up more than 3x's amount (4.60 > 18.60). I didnt change it ontime. Even SF is lower for G then our area. Am curious about the high deduct plans as thought it also applied to part B of Medicare but someone said it applies to A (hospitol), so seems a good deal I past on .
This year we have seen larger premium increases for almost all Medigap plans across the board, so unfortunately you are not alone. There is not technically a cap on how much a company can increase premiums, but the State Department of Insurance does have to approve the rate increases before they are implemented, so the insurance company does have to justify the premium increases. A high deductible Medigap plan could be good to consider based on pricing! The deductible does apply to both Part A and Part B services so that is correct.
@@GiardiniMedicare ,does that mean with plan GHD , that Medicare doesnt pay Dr or tests till after $2800 deductible or just that supp insu. doesnt till you pay the deduct. for part A and B (have never used part A yet).
@@1aliveandwell The Medigap wouldn't pay until the $2800 deductible is met. Essentially you would have normal Original Medicare coverage until you pay the full deductible out of pocket.
Very good RUclips on the subject of "closed block" of business. Thanks for all the reference information.
Is there any protection from the state insurance commission from preventing a insurance company closing then opening a medigap plan with the same name? Or do they change the name of the plan?
Is there a list of insurance companies (per state) that have never done a close block of medigap plans (like State farm, USAA etc)?
They typically will change the name of the plan very slightly, but it is virtually invisible to consumers since their ID cards will still have the name of the parent insurance company on them. We have never found an easy to access list of the companies that have never closed a block of business (that number would be very small), but here is the link to the filings that companies submit to the state: www.serff.com/serff_filing_access.htm
Thanks Cameron...
Thanks for the pricing information. Will be calling your office next week to set up time with an agent.
Thanks for watching! We look forward to helping you.
My husband has plan N. Our agent said basically the same thing as u did. I will more than likley choose N in 3 years when I turn 65
Glad he was given the option to choose Plan N! It is a great choice
Thanks for the info. How often can carriers raise their rates during the year?
I'm not aware of a limit for how often they can increase their rates, but most commonly, companies will increase their rates one time per year (combining the claims and age increase), while others increase it two times per year (separating the age and claims increase).
This information is fabulous! What are your thoughts on Old Surety Life Ins Co? I know they are relatively new but their rates are very competitive and based on issue age. Any thoughts would be appreciated. Thanks
Can we switch from a G to an N in California? Can you tell me which insurance companies offer the lowest monthly premium for the N and G? Thank you so much.
The birthday rule allows you to change from Plan G to Plan N, but the pricing depends on your age and zip code. I can give some prices once I have that info
@@GiardiniMedicarethank you so much! You have the best information and so wonderfully detailed. The chart showing the comparison of G and N long term is very helpful. Thank you!
@@gailsuda6812 Glad it helped! Appreciate you watching
I still have over a year before I'm eligible for Medicare (turning 64 this year). I'd still like to get an idea of what a Medi-Gap policy will cost. I live in 94109 (San Francisco). I currently have insurance through my past employer (retired from UCSF). They will also pay part of my part B premium once I'm on Medicare. They also offer partial coverage for a few Medicare Advantage plans, but for various reasons, I prefer to go the Medi-Gap route.
Of course, these prices can and probably will change over the next year or so, but here are the top 5 lowest rates I see in your zip code for Plan N and Plan G for right now...
Plan N:
$101.09/mo - Transamerica Life Insurance Company
$102.00/mo - State Farm Mutual Automobile Insurance Company
$114.32/mo - AARP Medicare Supplement Plans, Insured By Unitedhealthcare
$115.49 /mo - Cigna Health And Life Insurance Company
$117.62 /mo - Humana Insurance Company (Achieve)
Plan G:
$132.09/mo - USAA Life Insurance Company
$133.00/mo - Blue Shield Of California Life & Health Insurance Company
$133.28/mo - State Farm Mutual Automobile Insurance Company
$135.28/mo - AARP Medicare Supplement Plans, Insured By Unitedhealthcare
$146.94/mo - Washington National Insurance Company
Will my medigap insurance premium payment change if I move to a different state after I enroll in Florida and move to Illinois? If the rate is lower in Illinois would my premium payment eventually lower.
We hate to give a bit of a wishy washy answer, but it will heavily depend on the Medigap insurance company you enroll with! Some will adjust the premiums based on the premiums in your new state, others will increase to an "out of state" premium rate, and some will just not change and keep the premiums from the state you moved from.
I understand that the premium increases for Plan G high deductible is based on CPI-U and hence more predictable versus open and close blocks. Is this correct?
The deductible increases are based on the CPI-U, not the premium increases. high deductible G increases are often lower than G and N, but they are still subject to increasing due to claims and the opening and closing of books of business
Wow Cameron, Wow. I think you just answered my current question about uncharacteristic increases on our United American HDF plan. I now think UA closed this Block of Business! Our recent letter for 2025 stated his premium was going up 17%! Past increases were no more than 10% I now am certain, thanks to you, that they closed our BoB.
So the recourse? Change to HDG with them during CA Birthday Rule? Would we need to go with a different company avoid this?
It's uncommon for United American to close blocks of business, so it's possible they just had a relatively large increase due to their claims (loss ratios). Either way, you can definitely look at the HDG with a different company and switch if it makes financial sense. In CA, with the birthday rule, it doesn't make sense to pay for a more expensive Medigap plan if you have lower-cost options out there.
@ Great to know. Thank you and Merry Christmas 🎄
@@lyndayoung8761 Merry Christmas!
I’m turning 65 in October and researching medigap plans. Would like info for premium pricing for my area in 48167. Thank you!
Here are quotes for a 65-year-old female in that zip code. Just keep in mind these prices can change before October:
Plan G:
$108.59 /mo Farm Bureau Health Plans
$126.28 /mo Mclaren Health Plan
$126.97 /mo Omaha Supplemental Insurance
$127.42 /mo State Farm Mutual
$128.17 /mo Ace Property And Casualty
Plan N:
$85.62 /mo Farm Bureau Health Plans
$89.84 /mo Omaha Supplemental Insurance
$94.25 /mo American Home Life Insurance
$94.66 /mo Humana Achieve
$94.71 /mo Humana of Kentucky
Give us a call if you need more help! 248-871-7756
What are your thoughts on Ace Property and Casualty medigap plans? I know they are relatively new and they are inexpensive so I’m worried about them closing the block soon.
Not a go-to of ours
Can you say why?
@@faugfam This isn't unique to ACE, but they are a new company with little to no history in the market, and their plan administration is outsourced to third parties. We have seen plenty of carriers create competitive plans for a few years only to close and never be seen again. However, if you are in a state that allows you to change plans in the future without underwriting, they are a good option.
I am turning 65 this summer and researching Medigap Plans. I'd like to get an idea of what a Medigap policy will cost. I live in 75036 (North Texas) Thanks!! Great vids!!
Thanks for watching! Here are some quotes based on that zip code, feel free to email us at info@gmedicareteam.com if you want to discuss this in more detail since there may be household discounts or other things to consider based on your situation:
Plan G (Female Rates)
$104.34 /mo Allstate Health Solutions
$108.12 /mo Bankers Fidelity
$108.58 /mo Ace Property And Casualty
$109.08 /mo Humana (Achieve)
$113.37 /mo Lifeshield National Insurance Co.
Plan G (Male Rates)
$117.88 /mo Allstate Health Solutions
$122.08 /mo Ace Property And Casualty
$123.26 /mo Humana (Achieve)
$124.06 /mo Bankers Fidelity
$126.46 /mo Physicians Mutual (Psic)
Plan N (Female Rates)
$81.50 /mo Ace Property And Casualty
$81.82 /mo Philadelphia American
$82.40 /mo Allstate Health Solutions
$82.50 /mo Bankers Fidelity
$83.10 /mo Humana (Achieve)
Plan N (Male Rates)
$91.58 /mo Ace Property And Casualty
$92.46 /mo Philadelphia American
$93.06 /mo Allstate Health Solutions
$93.67 /mo Medmutual Protect
$93.90 /mo Humana (Achieve)
Thank you for the quick reply
Any chance you could recommend a broker in the 60410 area
They aren't directly in the 60410 zip code, but we do have someone licensed there. If you want us to get you connected you can just send us an email to info@gmedicareteam.com
For those who work beyond age 65 and use special enrollment to add Medigap plan at 68 or later, using Issue Age, does this create a penalty/higher premium for life?
No. There are no penalties associated with Medigap plans. The issue age premium would technically be a bit higher, but it’s still likely better to delay Medicare if it makes financial sense
But when you move to Medicare, you need to make sure you do it during your special enrollment period to avoid a penalty.
28704. Issue-age, but there are nine here in NC.
I show two possible issue age Medigap Plan G options and one Plan N option in North Carolina. Here is the pricing I see for the possible issue age plans for a 65 year old in 28704:
Female Plan G:
Old Surety Life Insurance: $106.61/month
Transamerica: $143.84/month
Male Plan G:
Old Surety Life Insurance: $122.60/month
Transamerica: $157.72/month
Female Plan N:
$108.40/month
Male Plan N:
$118.86/month
@@GiardiniMedicare thank you! What is the Plan N 108.40/month company? The only issue-age I’ve found is Transamerica. I’m trying to find out whether Aetna or AARP are going to raise the premiums a whole lot over the next five years.
@@spirit4earth The issue age Plan N is Transamerica, but it is one of their plans that they only sell by calling them directly, so we aren't sure about the specific details. Currently in North Carolina, Aetna is having an 8% increase for their Plan G and 0% for their Plan N. AARP is having roughly a 12% increase for both Plan N and Plan G. This doesn't really mean a lot when it comes to a 5 year time span, but hopefully that helps a bit! Medigap plans have high increases across the board this year, so make sure to plan accordingly
What is my premium 65, female, 21076 (Anne Arundel)
The following is for non-tobacco usage and no household discounts
Plan G:
$136.83 /mo Bankers Fidelity Assurance
$139.31 /mo Royal Arcanum
$140.05 /mo American Financial Security Life Insurance
$141.22 /mo Physicians Life Insurance Company
$144.62 /mo The American Home Life Insurance
Plan N:
$105.08 /mo American Financial Security Life Insurance
$106.61 /mo Aflac
$107.17 /mo Manhattanlife Insurance
$107.77 /mo Bankers Fidelity Assurance
$108.46 /mo American Home Life Insurance
@@GiardiniMedicare Thanks for your videos and the quick response!
@@bikergirl4948 Thanks for watching!
How much would a Medigap plan be for a 66 yr old non-smoking man in 47001, who just had Medicare A & B in 2023? Thank you:)
Here are some Plan G and Plan N quotes:
Plan G:
$114.32 /mo Bankers Fidelity
$116.78 /mo Allstate Health Solutions
$120.83 /mo Federal Life Insurance Company
$121.24 /mo Royal Arcanum
$123.00 /mo Farm Bureau Health Plans
Plan N:
$88.52 /mo Bankers Fidelity
$89.77 /mo Allstate Health Solutions
$93.02 /mo Royal Arcanum
$93.17 /mo Ace Property And Casualty
$93.42 /mo Medmutual Protect
HDG if you are healthy. Max out of pocket is around $2,800. You can bank the differnce. Rate increases are small, mine went down $9 a month for 2025.
I assume Minnesota has a different name for G and N?
That's correct. Here is some additional information about the different Medigap plans available in Minnesota: mn.gov/commerce/insurance/health/basics/medicare/
I understand the insurance companies need to make a profit just as my company does. You said the increases are because of claims which is the same as car insurance since they have to make money. I know there are actuaries who study and look at statistical data for the risk assessment and cost ratio but in health care do they also factor in genetics of the family life span. I always thought that I would love to sell insurance that is not a actual product that I don't have to produce and meet deadlines and specifications.
But in reality it is simply a business to make a profit and with cancer, heart attacks, diabetes, strokes and all the deadly viruses like corvid and rising medical cost I am sure its not easy.
But I also wondered how insurance companies selling home and property insurance companies deal with and make a profit when so many natural disasters occur. I was paying way to much a month and never made a claim so I raised my deductible because I looked at the risk assessment. I'm going to be 65 in August so I have to sign up for this so I appreciate the information and explanation as I have two older brothers who tried to tell me which plan to chose which I don't think they fully understand all the facts. ..
Thanks for the perspective! I think for all lines of insurance, it tends to be pretty straightforward in the fact that if costs for insurance companies rise (claims) they just increase premiums to compensate. Companies may lose in the short term, but always win in the long run.
What is my premium 65 male 75006
Plan G:
$124.06 /mo Bankers Fidelity
$126.46 /mo Physicians Mutual (Psic)
$128.58 /mo Federal Life Insurance Company
$130.92 /mo Royal Arcanum
$132.51 /mo Humana Achieve
Plan N:
$94.51 /mo Federal Life Insurance Company
$94.62 /mo Bankers Fidelity
$97.05 /mo Universal Fidelity Life
$97.72 /mo Royal Arcanum
$98.92 /mo Ace Property And Casualty
Just retired in New Jersey 08831
How do I get an agent?
Send us an email to info@gmedicareteam.com and we can connect you with one!
You can be our broker in New Jersey?
@@laurapence4336 Yes! Just email us and one of our brokers can help you.
Community Rated plan
What would my Medigap rate be for a 64 year old woman non smoking in 49253 zip code? So glad I found you!
Rates for those under age 65 are a little tricky, but in Michigan, a Medigap plan at age 65 would be roughly $500/month. However, for a 65-year-old female, non-smoker in that zip code, here are some rates for both Plan G and Plan N:
Plan G:
$105.83 /mo Ace Property And Casualty
$105.91 /mo American Home Life Insurance Company
$109.05 /mo American Benefit Life Insurance Company
$109.54 /mo Allstate Health Solutions
$110.38 /mo Humana Achieve
Plan N:
$77.11 /mo American Home Life Insurance Company
$79.67 /mo Ace Property And Casualty
$80.40 /mo Humana (Humana Insurance Company of Kentucky)
$80.80 /mo American Benefit Life Insurance Company
$82.98 /mo Federal Life Insurance Company
I have a Plan G which has edged up of course over the run. The biggest unknown is Part D: it went from 25 dollars in 2022 to $40 in 2023 and now $75 in 2924. That’s 150% in 2 years. I hate to be skeptical but I think they’re forcing us into Advantage.
There are many large changes coming to Part D coverage over the coming years, but make sure to shop your Part D coverage every year! There are plenty of plans much cheaper than $75/month that may be better if it fits your prescriptions. We have a different video for how to find a Part D plan using Medicare.gov
G just edged up for you? Mine just went up close to $25.00 a month in June, and then it will be over $30.00 a month increase with my new year in August. This is the highest increase I've seen for a year. My state just approves anything the company wants. I got my part D down this year by taking the cheapest plan. But the previous year I paid full price for all my prescriptions plus a hefty monthly premium. But I bet they will sock it to me next year. Yes, I agree. I think the whole point is to force us all into Advantage plans and neither political party is protecting us at all. Sanders is all talk and no action just to make himself look good. I am buying all these plans to be adequately insured in the future. But by the time I will truly need the supplement plan, I won't be able to afford it.
@@Jan96106 My June increase is $15 and in Jan 2025 another $7 on top of that which will bring it to $198.
Female 65 plan G and N 80903
Plan G:
$110.62 /mo Bankers Fidelity
$113.97 /mo Physicians Mutual (Psic)
$114.21 /mo Allstate Health Solutions
$118.11 /mo Lifeshield National Insurance Co.
$120.36 /mo Washington National Insurance
Plan N:
$80.71 /mo Allstate Health Solutions (Ahl)
$80.96 /mo Bankers Fidelity
$83.54 /mo Omaha Insurance Company
$84.75 /mo Manhattanlife Insurance
$84.87 /mo Cigna Insurance Company
central IL , 61540 will be signing up for medicare dec of 2024 i will be 65 march 2025
Still a ways out so these prices will change, but here are some prices for a 65 year old male:
Plan G:
$114.25 /mo Ace Property And Casualty Insurance Company
$114.45 /mo Allstate Health Solutions (Ahl)
$116.93 /mo Lifeshield National Insurance Co.
$118.70 /mo Woodmenlife
$122.08 /mo The American Home Life Insurance Company
Plan N:
$85.75 /mo Ace Property And Casualty Insurance Company
$86.03 /mo The American Home Life Insurance Company
$86.87 /mo Cigna National Health Insurance Company
$87.08 /mo Medmutual Protect
$87.35 /mo Lifeshield National Insurance Co.
$87.97 /mo Allstate Health Solutions (Ahl)
Let's try a 100% increase in 6 years
Definitely possible
male 65 plan N 49266
$93.11 /mo American Home Life Insurance
$95.40 /mo Humana (of Kentucky)
$96.03 /mo Aflac
$96.83 /mo Ace Property And Casualty
$99.31 /mo Farm Bureau Health Plans
@@GiardiniMedicare Thank you! I went to the SERFF website and found the last rate memo listed for AFLAC. I am a little confused. It appears to me that AFLAC has only one open block of business, yet in the memo it states " Open or Closed Block: All policy forms have been withdrawn from sale." and "Marketing Method: These policy forms are no longer sold." What does this mean?
@@tims3338 Which state? I haven't seen that but would like to check it out
@@tims3338 Went and found the AFLAC filing in Michigan, and I don't see that statement in the filing. Make sure when searching for AFLAC you actually look for "tier one insurance company"
What doesn't increase with time? Fortunately Social Security is paying for it and it eeks up with time as well.
Yes that's the problem. SS eeeks up while Medicare screams (3% vs 10%).
13413
The following quotes are for a 65-year-old (Male and Female) based on what I can see using our quoting software:
Plan G
$210.19 /mo Transamerica
$275.86 /mo Emblemhealth Plan, Inc.
$290.00 /mo Globe Life Insurance
Plan N
$197.19 /mo Transamerica
$200.95 /mo Emblemhealth Plan, Inc.
$274.00 /mo Globe Life Insurance
@@GiardiniMedicare I liked your RUclips programs comparing premium, long term cost etc for different companies. The human touch is what we customers looking for. I have been hoping that I can get a personalized guidance from you in selecting a company. Thanks.
@@maodi1062 Not sure if you saw one of the other comments, but if you use this link, we can connect you with agents we personally know that can help you in NY: gmedicareteam.com/map/
@@GiardiniMedicare Thanks and I have just submitted required information at liked website. Thanks again!
65 male non smoker Illinois plan G Mutual of Omaha $127 month
Any negative info on this company???
Our recent video will tell you everything you need to know! ruclips.net/video/j66oGQqz2Mc/видео.html
50 female
Social Security Disability
46360
Right now, your Medigap options are very limited in Indiana if you are under age 65, as far as I am aware. Currently, companies only have to offer Plan A, but starting in 2025, they will have to offer all plan letters, while charging no more than 200% of the premiums for someone who is age 65. There are more details in the recently passed in Senate bill 215: iga.in.gov/pdf-documents/123/2024/senate/bills/SB0215/SB0215.05.ENRH.pdf
With that being said, here are some quotes for Medigap Plan A for under age 65:
$226.10 /mo State Farm Mutual Automobile Insurance Company
$229.46 /mo New Era Life Insurance Company
$304.81 /mo Washington National Insurance Company
$337.40 /mo Everence Association Inc
$351.79 /mo Transamerica Life Insurance Company
32561 female age 67
Plan G:
$169.76 /mo Cigna National Health Insurance
$171.70 /mo Lifeshield National Insurance Co.
$173.98 /mo Woodmenlife
$175.24 /mo Federal Life Insurance Company
$177.75 /mo Ace Property And Casualty Insurance
Plan N:
$126.15 /mo Cigna National Health Insurance
$130.00 /mo Federal Life Insurance Company
$132.40 /mo GPM Health And Life Insurance
$132.62 /mo Woodmenlife
$132.75 /mo Ace Property And Casualty Insurance
High-Deductible Plan G:
$52.74 /mo AARP Medicare Supplement Plans, Insured By Unitedhealthcare
$54.00 /mo United American Insurance Company
$54.32 /mo Royal Arcanum
$56.14 /mo Federal Life Insurance Company
$58.07 /mo Washington National Insurance
Medigap plan G non tobacco user 47374 quote please. Male.
Age 66
@@dixiedoxiedoodle Here are the 10 lowest cost Plan G's that I see for 5/1:
$110.85 /mo Federal Life Insurance Company
$114.00 /mo Ace Property And Casualty Insurance Company
$114.32 /mo Bankers Fidelity, Assurance Company
$115.59 /mo Lifeshield National Insurance
$116.78 /mo Allstate Health Solutions
$118.39 /mo Physicians Life Insurance Company
$120.03 /mo The American Home Life Insurance Company
$121.24 /mo Royal Arcanum
$122.81 /mo New Era Life Insurance Company
$123.00 /mo Farm Bureau Health Plans
65 YO woman 32937 non smoker plan N and G. Thanks
Plan G:
$169.76 /mo Cigna National
$171.52 /mo Federal Life Insurance Company
$171.97 /mo GPM Health And Life
$187.42 /mo Humana Achieve
$187.79 /mo Wps-A Health Solutions Company
$191.23 /mo Allstate Health Solutions
Plan N:
$126.15 /mo Cigna National
$127.24 /mo Federal Life Insurance Company
$127.26 /mo GPM Health And Life
$134.89 /mo Royal Arcanum
$138.89 /mo American Home Life Insurance Company
$139.65 /mo Humana Achieve