Thanks for these state specific videos. I am in CA and will be reaching out for your guidance in a few years when I am closer to 65. Looking forward to the final state.
My mom worked for the NYC public schools system and gets her supplement plan for 0. They also reimburse her for her part B premiums. She pays almost 0. Occasionally she gets a small bill for $50 or $75 from the hospital. She was in the hospital a lot last year due to her chronic health condition.
Please comment on the cost of supplemental plans as a person gets older. Your videos are the most informative and the least alarming regarding Medicare. Thank you.
Another great video! Plan N is a hidden gem and should be considered the top choice by most people going into Medicare. With the exception of New York and Connecticut that would be HDG.
Hi Erik! Your fan in Massachusetts! Another one-of-a-kind video with lots of accurate information and a very appealing personal style ! I have been dissuaded from moving to a Supplement plan by the premium. I have communicated with your partner you pointed me to, but the earliest a person (she) can chat with me is the 18th. She is not in Massachusetts so I hope she is familiar with the insurance companies here (I am considering BCBS which is national, vs my current company Tufts which is Massachusetts-only). I have never used a broker, my employer (before I retired) has an OE day when insurance companies came to the cafeteria to make their case. I qualify for Plan 1 but 1 and 1A cost about the same when you take the B give-back into account.
Appreciate your kind words and support! I know who you're referring to and she is wonderful 🙂 Admittedly, I am biased because I know her and interact often, but definitely worth the conversation with her. Think of a Broker as your HR friend now that your employer HR person isn't an option 🙂
Aloha Eric! I was excited and was looking forward to see what you would point out on Hawaii. But when you said only 49 states you will be discussing I already knew Hawaii is out. I am hopeful you will be able to visit Hawaii before the year end. Will donate to help for a trip to Hawaii. 🌺🌺🌺
Texas, 65, $91.72/month in my rural county west of Austin. The majority here are on Advantage plans - or were, until now. But - I live in an area where people do not move. Ever. So the Advantage local-only healthcare options are fine for them. I am moving to France next year (planned for a longggg time). Was thinking September, so I'll def get a Happy Birthday increase but maybe need to move before July so I can avoid the annual increase. And enjoy the Tour de France in person (again) a year earlier than anticipated.
I can see the appeal for that. Unfortunately, state populations, general health profiles, and costs vary dramatically. In this particular instance, having costs tied to population profiles isn't a bad thing. It definitely adds complexity though, for sure. Thank you for watching!
I'm looking at moving west from Florida to New Mexico or AZ. Currently with AARP Supplement with UHC, $196/month. Will I have to go through a medical underwriting to switch states? Thanks!
Your plan travels with you. You don't need to get a new plan if you don't want to. If you do want a different plan, you would go through underwriting to switch.
@@Theretirementnerds That's what I think too. I have no idea if we're in a community rate plan or age rated plan (AARP/UHC). Spouse birthday this month so I'm waiting to see what happens.
According to statistics that I read only about 5% of people with high deductible plans EVER make use of them. In other words , they pay the premiums and also pay out of pocket for ALL of their healthcare expenses.
@@midasgoldmailI’m sorry but that makes no sense. If you are paying the premium , no matter how low it is and then also paying for ALL of your healthcare expenses then you are wasting your money. If your health is bad you would be better served with a regular supplement plan. And if your health is good then you will be one of the 95% of people who never make use of the policy. It’s basic math.
@@midasgoldmail Good to know! I live in the city and have been scared of retiring from my good job with excellent, no cost family health insurance. Any particular carrier to recommend? I've been thinking of United Healthcare, which is my carrier now and it's excellent.
A birthday state such as Nevada allows you to change supplement plans with no underwriting for any reason, correct (to the same level of coverage you already have)? Code Word: Nevada Also, if I’ve got an issue-age policy and such policies are no longer available in Nevada (they aren’t), is that policy one that I should hang onto?
Correct on the birthday rule. You can switch to the same level of coverage or down. One the issue-age question - possibly. All depends on costs and increases. The issue age policies will be closed, meaning younger folks aren't moving into the pool anymore and in closed systems like that, the increases can get steep, quickly. So keep an eye on your costs and a pulse on what the attained age plan costs are to make sure you aren't overpaying.
Good stuff. Do you feel that this list reflects the overall "quality" of healthcare provided by these states. Many of these states are rated very low on overall quality of services provided.
Interesting. So is your take that the data, metrics, and comparisons by state for Senior Healthcare quality is inaccurate or flawed?. The states on your list sit in the bottom 20% of recent studies for quality of senior care. I'm a strong believer in you get what you pay for. I have several family members and friends who have relocated to three of these states and aren't happy at all with the healthcare systems and outcomes. Relative to the states they lived in.
@JohnJohn-wr1jo I'm not following the correlation connection being made. This video is not about hospital systems and their care, it is about the health insurance coverage costs and ease of switching health insurance in each state. Two very different things we are talking about. I'm trying to understand the point you're trying to make as it relates to the video but I'm not quite connecting the dots.
North Carolina. Still on spouse's employer insurance. Had noticed the Medicare site listed one company with Community Rating in NC. If it is not the same as the usual definition of Community Rating for Medicare, what does Community Rating mean? Thanks for your videos! They are extremely informative!
Normally, it means age and gender don't affect the price. Everyone from 65 years old to 105 years old pays the same price. With the plan you are referencing, they have a certain discount that applies to people who get that plan. After about 3 years, the discount goes away. Somehow, in every state, they get a community rating designation even though the costs will depend on your age, they will have attained age increase schedules... not sure how they got the Community Rating designation. As an example, I just looked at that plan for a 65 year old vs a 75 year old. If it was a TRUE Community Rated plan... the price would be the same for both ages. It's not. It was $50 more a month for a 75 year old than a 65 year old. Not saying it isn't a good plan or a good option... it's just not really a community rated plan.
@@Theretirementnerds Thank you so much for your explanation and for checking into this for me! I really appreciate it! I think when the time comes I will not be getting the odd plan, I will stick with the plain spoken plans. Also thanks for mentioning in this video that switching between insurance companies even for the same Plan G can require medical underwriting. I didn't realize that before. Thanks again!
@@Theretirementnerds it’s outrageous then you need a drug plan which has skyrocketed over 200% and then perhaps dental plan and a vision plan. If you don’t qualify for extra help because you make $20 over the budget yes you’re screwed…
Wondering Why my Texas Plan G AARP United Supplement has a $210.38 per month premium and increasing in 2025. Yet your info states $120/month as the lower cost of premiums in Texas
Are you 65 years old? The numbers we show here are averages for 65 year olds. Goes up each year above 65 and, as is the case with any average, there are plans higher than that average and lower than that average. Hope that helps!
Michigan didn't lose 2M plans. Maybe 2M people had their advantage plans leaving in 2025? They will be able to get a different advantage plan or go to original Medicare and a supplement with no underwriting
So if I am hearing the math correctly, there are a significant number of people on regular Medicare, but without a supplement Plan? Just basic Medicare? That's a real risk.
It's not that big a number. Average Supplement rate nationally: 21% Advantage: 51% You have a lot of federal workers with FEHB and Tricare for life and Veterans with VA coverage. Those, together with Original Medicare only make up the remaining 28%, with FEHB, Tricare, and VA being a big part of that. I don't have the exact numbers, but can try hunting them down.
Thank from Massachusetts! I’m a few years away from having to make these decisions and your presentation of such complex material is so helpful!
So glad to hear it is helpful! Appreciate you spending time with me!
Greetings from Oregon ! Thanks for your informative Video !!!
Thank you so much for watching! ☺️
Thanks for these state specific videos. I am in CA and will be reaching out for your guidance in a few years when I am closer to 65. Looking forward to the final state.
Would be honored to help when the time is right 🙂
Appreciate you!
My mom worked for the NYC public schools system and gets her supplement plan for 0. They also reimburse her for her part B premiums. She pays almost 0. Occasionally she gets a small bill for $50 or $75 from the hospital. She was in the hospital a lot last year due to her chronic health condition.
Thanks for the video Erik. Texas here.
Thank you for your support Tom!
Your show attracts me like a magnet
Thank you for tuning in 🧲🙂
Texas. As a 78 year old CPA and CFP, you give the best simplest explanations of this complex. The average user is totally lost. Congratulations.
Appreciate you saying this! Thank you so much for watching!
@@michaelclennan8425
He is 78 years old? Shocking. 😅
Please comment on the cost of supplemental plans as a person gets older. Your videos are the most informative and the least alarming regarding Medicare. Thank you.
I think you'll like this video:
ruclips.net/video/Yf_LRloXmSo/видео.html
Has a free spreadsheet you can download to play with
Thank you for this magnificent story. Thank you for, like James, your not rushing it.
Looking forward to part 3.
Another great video! Plan N is a hidden gem and should be considered the top choice by most people going into Medicare. With the exception of New York and Connecticut that would be HDG.
Florida is also a big one for HD G :)
Appreciate you!
Very informative video. Mississippi here.
Thank you so much!! :)
Hi Erik! Your fan in Massachusetts! Another one-of-a-kind video with lots of accurate information and a very appealing personal style ! I have been dissuaded from moving to a Supplement plan by the premium. I have communicated with your partner you pointed me to, but the earliest a person (she) can chat with me is the 18th. She is not in Massachusetts so I hope she is familiar with the insurance companies here (I am considering BCBS which is national, vs my current company Tufts which is Massachusetts-only). I have never used a broker, my employer (before I retired) has an OE day when insurance companies came to the cafeteria to make their case. I qualify for Plan 1 but 1 and 1A cost about the same when you take the B give-back into account.
Appreciate your kind words and support!
I know who you're referring to and she is wonderful 🙂 Admittedly, I am biased because I know her and interact often, but definitely worth the conversation with her.
Think of a Broker as your HR friend now that your employer HR person isn't an option 🙂
NY state, MN, WI, CT and MA!!
Thank you!!
Thanks! You do terrific, necessary work. Your integrity shines through each video. Keep up the great work! 😊
WOW! Thank you so much! You are way too nice! Appreciate you!
Oregon!
Thought it might come up in this video after seeing your Oregon video. Thanks for visiting.
Totally! Big fan of Oregon 🙂
From Arizona with thanks!
Thank you so much!
Hi Erik, Thank you from Oregon.
Thank you so much!!
We've been following you for a while and have learned a lot!!! Nebraska
Thank you so much! Appreciate your support!
Would you please consider doing a video on the states with the best Medicare Advantage plans?
Oh... it's coming, my friend...
And your state is in it 🙂
@marksirota3153 I would love to see that too!
@@bethpent8851 here you go
ruclips.net/video/IFO5vaRASlI/видео.html
@marksirota3153 here is that video: ruclips.net/video/IFO5vaRASlI/видео.html
Precise information, packaged efficiently, presented brilliantly. Diolch (thank you)!
Thank you so much! Appreciate you!
Hawaii is expensive to travel to in December. I would advise a trip in April or May, to reduce costs.
Thank you from WASHINGTON ❤
Thank you so much!!
North Carolina resident, very healthy with Aetna Plan N and so far, so good. I will likely move away from Aetna Part D this month, however.
Thank you so much for watching!
My state is SC
Thank you!
Missouri
@turtle38 thank you!!
Aloha Eric! I was excited and was looking forward to see what you would point out on Hawaii. But when you said only 49 states you will be discussing I already knew Hawaii is out. I am hopeful you will be able to visit Hawaii before the year end. Will donate to help for a trip to Hawaii. 🌺🌺🌺
We are doing everything we can to make it happen! Appreciate you so much!
Georgia
Thank you!
Hello 👋 thank you for the Medicare information Eddie
Thank you Eddie!
@Theretirementnerds your welcome
This is great info for considering moving to another state
Thank you so much for watching!
Great Data... We Retirees LOVE DATA! MI here....BUT, the complexity of these "Plans" is rediculous. MI seems more sensible than the NE States.
Thank you so much! Did you see our Michigan video? ruclips.net/video/mINmFmHSutQ/видео.html
Nevada
Thank you!
Texas, 65, $91.72/month in my rural county west of Austin. The majority here are on Advantage plans - or were, until now. But - I live in an area where people do not move. Ever. So the Advantage local-only healthcare options are fine for them. I am moving to France next year (planned for a longggg time). Was thinking September, so I'll def get a Happy Birthday increase but maybe need to move before July so I can avoid the annual increase. And enjoy the Tour de France in person (again) a year earlier than anticipated.
Thank you so much for watching and sharing what you're experiencing! Moving to France sounds epic!
Minnesota
Thank you! 🙂
Thanks for the video. Nevada here.
Thank you so much! Nevada was so hot when we drove through this summer 🥵
West Virginia
Thank you so much!
It should be the same for each state across the board for everyone! The state you live in should not have anything to do with it!
I can see the appeal for that. Unfortunately, state populations, general health profiles, and costs vary dramatically. In this particular instance, having costs tied to population profiles isn't a bad thing. It definitely adds complexity though, for sure. Thank you for watching!
Alabama
Thank you so much!
I'm looking at moving west from Florida to New Mexico or AZ. Currently with AARP Supplement with UHC, $196/month. Will I have to go through a medical underwriting to switch states? Thanks!
Your plan travels with you. You don't need to get a new plan if you don't want to.
If you do want a different plan, you would go through underwriting to switch.
Thanks from Massachusetts
Thank you so much for watching!
PA as code word. Great video!
Thank you so much!
Thanks
You are amazing! Thank you!!
Florida
Thank you! :)
Me and spouse both have Supp Plan N beginning at age 65 in Ok. We each pay $69 and $79. Still in our first year with no increases.
That's awesome! OK was tied for 5th from a cost perspective. VERY good state for supplement plans.
@@Theretirementnerds That's what I think too. I have no idea if we're in a community rate plan or age rated plan (AARP/UHC). Spouse birthday this month so I'm waiting to see what happens.
I hope your family enjoyed your trip to Florida 😉
Florida was amazing! Thank you so much for watching :)
Massachusetts is too cold for me. Wish Tennessee was included on that list
Cost for Medicare supplement plans vary by the insurance company you choose. Some insurance companies have a better reputation than others.
Great video, thank you.
Thank you so much!!
Massachusetts
Thank you!
Thanks!
❤️❤️❤️
New Jersey
Thank you!!
I would add that in New York, Plan G-HD (G-high deductible) makes more sense than in nearly any other state.
Completely agree. New York and Florida are popular states for HD G. Thank you!
According to statistics that I read only about 5% of people with high deductible plans EVER make use of them. In other words , they pay the premiums and also pay out of pocket for ALL of their healthcare expenses.
@@johnscott2746but in New York the G-HD premium savings is what makes all the difference.
@@midasgoldmailI’m sorry but that makes no sense. If you are paying the premium , no matter how low it is and then also paying for ALL of your healthcare expenses then you are wasting your money. If your health is bad you would be better served with a regular supplement plan. And if your health is good then you will be one of the 95% of people who never make use of the policy. It’s basic math.
@@midasgoldmail Good to know! I live in the city and have been scared of retiring from my good job with excellent, no cost family health insurance. Any particular carrier to recommend? I've been thinking of United Healthcare, which is my carrier now and it's excellent.
Indiana
Greetings from CA!
Thank you so much! 😃
Hmmmm your friend 1. Is a RUclipsr 2. Lives in SC 3. Loves Plan N? Could it be Chris Westfall hahahh
Haha... your sleuthing skills are impressive :)
A birthday state such as Nevada allows you to change supplement plans with no underwriting for any reason, correct (to the same level of coverage you already have)?
Code Word: Nevada
Also, if I’ve got an issue-age policy and such policies are no longer available in Nevada (they aren’t), is that policy one that I should hang onto?
Correct on the birthday rule.
You can switch to the same level of coverage or down.
One the issue-age question - possibly.
All depends on costs and increases.
The issue age policies will be closed, meaning younger folks aren't moving into the pool anymore and in closed systems like that, the increases can get steep, quickly. So keep an eye on your costs and a pulse on what the attained age plan costs are to make sure you aren't overpaying.
Good stuff. Do you feel that this list reflects the overall "quality" of healthcare provided by these states. Many of these states are rated very low on overall quality of services provided.
No, not at all around the quality of providers. Just the supplement plans themselves 🙂
Interesting. So is your take that the data, metrics, and comparisons by state for Senior Healthcare quality is inaccurate or flawed?. The states on your list sit in the bottom 20% of recent studies for quality of senior care. I'm a strong believer in you get what you pay for. I have several family members and friends who have relocated to three of these states and aren't happy at all with the healthcare systems and outcomes. Relative to the states they lived in.
@JohnJohn-wr1jo I'm not following the correlation connection being made. This video is not about hospital systems and their care, it is about the health insurance coverage costs and ease of switching health insurance in each state. Two very different things we are talking about. I'm trying to understand the point you're trying to make as it relates to the video but I'm not quite connecting the dots.
North Carolina. Still on spouse's employer insurance. Had noticed the Medicare site listed one company with Community Rating in NC. If it is not the same as the usual definition of Community Rating for Medicare, what does Community Rating mean? Thanks for your videos! They are extremely informative!
Normally, it means age and gender don't affect the price. Everyone from 65 years old to 105 years old pays the same price.
With the plan you are referencing, they have a certain discount that applies to people who get that plan. After about 3 years, the discount goes away. Somehow, in every state, they get a community rating designation even though the costs will depend on your age, they will have attained age increase schedules... not sure how they got the Community Rating designation.
As an example, I just looked at that plan for a 65 year old vs a 75 year old.
If it was a TRUE Community Rated plan... the price would be the same for both ages.
It's not.
It was $50 more a month for a 75 year old than a 65 year old.
Not saying it isn't a good plan or a good option... it's just not really a community rated plan.
@@Theretirementnerds Thank you so much for your explanation and for checking into this for me! I really appreciate it! I think when the time comes I will not be getting the odd plan, I will stick with the plain spoken plans. Also thanks for mentioning in this video that switching between insurance companies even for the same Plan G can require medical underwriting. I didn't realize that before. Thanks again!
In NY 2024 Plan N is $240. In 2025 it’s $260. Very expensive.
VERY expensive :(
@@Theretirementnerds it’s outrageous then you need a drug plan which has skyrocketed over 200% and then perhaps dental plan and a vision plan. If you don’t qualify for extra help because you make $20 over the budget yes you’re screwed…
Hi from Florida. Are you licensed in this state?
Hi Rose! I think I got an email from you :)
I am not personally, but I have a great partner who is.
So Advantage plans will no longer have premium drugs like Effexor or Rebalsis is that true Help i need an answer???
There is no blanket answer. Every plan and company in each area they offer plans can set their own formularies.
Wondering Why my Texas Plan G AARP United Supplement has a $210.38 per month premium and increasing in 2025. Yet your info states $120/month as the lower cost of premiums in Texas
Are you 65 years old?
The numbers we show here are averages for 65 year olds.
Goes up each year above 65 and, as is the case with any average, there are plans higher than that average and lower than that average. Hope that helps!
CT
Thank you!
Washington
Thank you!
I read Mi just lost 2 million Advantage Plans
Michigan didn't lose 2M plans. Maybe 2M people had their advantage plans leaving in 2025? They will be able to get a different advantage plan or go to original Medicare and a supplement with no underwriting
Love all this intelligent content, Nerds. I’m in Michigan and will watch that next.
Thank you so much!!
Should do worst 5 states
Oh... it's there 🙂
WA, for now
Thank you!!
So if I am hearing the math correctly, there are a significant number of people on regular Medicare, but without a supplement Plan? Just basic Medicare? That's a real risk.
It's not that big a number.
Average Supplement rate nationally: 21%
Advantage: 51%
You have a lot of federal workers with FEHB and Tricare for life and Veterans with VA coverage. Those, together with Original Medicare only make up the remaining 28%, with FEHB, Tricare, and VA being a big part of that. I don't have the exact numbers, but can try hunting them down.
Ohio
Thank you! 🙂
Still California dreaming… it works for me.
Love it 😀 Appreciate your support!
Oh Hi O, which way to go, whats a person to do, so many states, so many things to consider, oh my! hmm call the nerds, they surely can clear the way
Appreciate you! 🙂
Mic
Michigan
Thank you! :)
It took me a second when I saw the first one :)
Why is it so complicated?!😢
It's a lot to deal with...
Because insurance companies are involved and the county by county pool.
@@mares3841 great question! I hope you get an answer. I’ll be watching for it.
Missouri
Thank you! :)
Georgia
Thank you!!
Minnesota
Thank you Anthony! :)
Nevada
Thank you! ☺️
Thanks!
Thank you so much!! 🙏
Thanks!
Thank you so much!! Appreciate you!!
Thanks!
Wow thank you so much!! Appreciate you!! 🙏
Thanks!
Holy Moly! Thank you so much!! 🙏
Appreciate you!
Thanks!
Wow! Thank you so much! Appreciate you!!
Thanks!
Woah! Thank you so much! This is way too nice! If I could give this a million thumbs up, I would!
Thanks!
Wow! Thank you so much!! Appreciate you!
Thanks!
Thank you so much!!! Appreciate you!