@@samkeino6810 There is no state information to fill out in the form you're referring to. If you're having trouble with the site, give us a call at 1-800-864-8890 and you can schedule an appointment over the phone. Sorry for your troubles.
After watching this video if we took a test on it I would get an "A". It was that interesting to watch. It just reinforced my decision to get that "G" plan. The peace of mind that comes with that plan is priceless. Now that I think about it I would get an "A" on all "The Medicare School" videos I watch. They are just that good.
We appreciate those kind words, we are thrilled to be able to help day in and day out. If you ever have any questions give us a call at 1-800-864-8890!
I pay $246 a month for Plan F and I have medical costs and treatments exceeding $60,000 a year, probably until I die. I’m only 71 and will most likely live until my late 80s, based on my current health and my parents’ longevity. $246 a month is a bargain.
I am in the same position. 72 yrs old, my supplement is 247.20 a month + a part D about $87. I have no out of pocket costs for medical care thus far. I have been dealing with lung cancer for last 8 yrs and my one 3 day hospital/procedure billed the Medicare &supplement over $200K, not to mention that monthly cost for the lowest dose of target therapy pill is over $7100 a month, falling into the tier 5 catastrophic category, where I am responsible for 5%. My income does not allow me to pay the 5% and I have assistance from a fund that covers that. To the person who commented about being lucky, below your post, I say it’s not luck. It is thinking ahead and not being a risk taker and first taking care of housing, food and health care coverage, assuming anything can happen. That means giving up many things others enjoy. Dining out, vacation, unnecessary shopping, and overall everything that is not a necessity. The last year before going on medicare, my monthly health insurance was $ 974. I had to use savings to pay that. But my diagnosis happened few months before I turned 65. Because I had good coverage, the total hospital stay and first month of meds was covered by my insurance. That alone was about $210k. If I did not pay that high coverage cost, I would have ended up paying lots out of pocket, at least 20%. So no it’s not luck, it’s prioritizing.
I have the N Plan and only 1 of my 4 physicians charges a. co-pay which is $9. I see him 2x a year. My premium is $105. a month. For me N was more affordable.
@@kennethreynolds8 Medicare seems to close the plans that have no co pays. The last one left standing is G. When a plan closes the membership freezes, and as subscribers fall away the premiums rise, such as in Plan F. I guess the next plan to freeze will be G.
@@sheryllegg845 The premiums vary in price according to age, gender and zip code--not just state! Our premiums are quite low also and we live near a city in the midwest and both in our mid-60's and good health, no/very few meds.(Plan N)
Obesity isn't even a disease. It's a dietary condition, completely preventable and curable by a simple change in diet (paleolithic diet). I know. I have done it, starting in 2007. I'm going to be 72 in October and I weigh 156 lbs. In November 2007, I weighed 233 lbs and had just been diagnosed with type 2 diabetes. Within 5 months after starting a paleo diet, I had no signs of diabetes.
Don't need any fancy diets. Just actually check calories of what you eat. The good ,bad 7 ugly foods will become daily identifiable. Haven't had a Big Mac or any chain junk food in 10 years. Regular exercise and proper health eating ( yes there are plenty of healthy good tasting foods) is all it takes. doesn't mean you can't occasionally over indulge. Lost 90 lbs in 2 years. Was super easy.
@@airforcepilot1167 Well, congratulations, then. There is nothing "fancy" about the paleo diet, though. It's nothing more than a modern emulation of our stone age ancestors' diet. By the way, most people misunderstand the word "diet." They think it's a temporary thing you do to lose weight. But your diet is simply what you eat. You can eat a good diet or a poor diet. Our ancestors were hunter-gatherers and lived on mostly the meat of the game they hunted, supplemented with wild fruits and vegetables, fish, etc. There is no need to count calories. A calorie is just a unit of heat energy, not a nutrient, not a food, and it makes no difference at all how many calories the food you eat supply. Our ancestors were hardy people who lived naturally, eating what nature supplied them with. I do my hunting and gathering at the meat and produce aisles of my local grocery store. I never eat out and I avoid sugar like the plague. In fact, late last year, I stopped eating fruit because it's loaded with sugar. As a result, at 72, I weigh what I did at 32. I exercise daily, but the exercises I do require no weights or machines, just my own body and maybe a wall or floor. It's based upon the principle of self-resistance, i.e, using my muscles and body weight to supply resistance. There are no movements required. I just strike a pose that puts my muscles in tension and then hold it for a count of 30. Then I change positions and repeat. Body builder Charles Atlas called this principle "Dynamic Tension," but it goes by many names and is similar to yoga. A thirty pound dumbell makes a good addition, though. While some body builders use self-resistance, it's a good, simple way to stay in shape and you don't have look like a cartoon character.
@@GaryR55 awesome!!! sounds like we both are avoiding the bad stuff. I'm 50 lbs lighter than at age 25 lol! IOW i always as a little overweight, then got real bad. now at 63 lightest I've been my entire adult life. I too just do natural outdoor workouts. No gyms etc. It really is a healthy lifestyle change. Well done!
Please do a video that shows the premiums for each of these plans. You can pick a random (no need to name it) company that your agency sells and use something like age 73-74. The potential premiums for these plans are nearly as important as the coverage itself. Just go down the line just the way you did in this video.
You need a chapter marker for the scenario (9:04). And you omitted totaling items 1 to 4 which would be the patient’s part with Parts A and B only (total is $10,044) At 12:28, you start what all 10 plans cover. Plan A starts at 13:40.
Interesting. I’m 77 and have the F plan. Had 2 heart attacks, hip emplacement, gall bladder removal and cancer involving chemo and radiation. I was not billed for any of the services I received. If I was going to sign up today, the G plan would be the one I would choose. I will say that my premium has gone up every year except one year. It usually goes up about $25 per month every year. This year it is $322 per month.
I have the same F plan. Only one heart attack (>$100K) but lots of other hospital and doctor's visits. My plan increased to $300+ for 2024 and because I moved to Minnesota. Washington cost about $50 less. I finally had to pay for a medical service when I went to the emergency room thinking I might be having another heart attack. It ended up being my first Covid case. Because i wasn't admitted, even though I stayed overnight, I was charged $100 for the emergency room visit. I'll take this cost versus what I would have paid while working with health insurance any day.
I just enrolled in the F plan in 2023. I was paying $228.00, and now it's up to $283.00. I'm sure it's going up to $300.00 soon. I'm in great shape at my age in the mid-70s.
@@patburton837thanks for sharing..I am mid 70’s on Advantage considering changing to supplement…blessed with good health-Thanking God. Thanks again -Columbus, Oh
My friend has history cancer and heart problems, she has kept her F plan, she has done the math, still less expense to keep F plan. Had several Dr visits and testing this year, more then paid having the F plan, as no out of pocket, no 20 % charge which is on the G plan.
@@jrae6608Regular Plan G has no 20% coinsurance, only a small annual deductible which is $240 for 2024. That is a flat $240, not a percentage. You may be thinking of a High Deductible Plan G, where you would pay 20% of Part B charges until you've paid the plan's deductible, which is $2800 this year. Again, regular Plan G has no percentage payments, only a flat $240 deductible once per year.
Jan of this year I went on part b with an N supp plan. Feb of this year I was diagnosed with three different cancers. Plan N is wonderful. If I could have seen the future. Plan G would have been my choice
Still great to hear that you got onto a Medigap plan and getting the coverage you deserve. From all of us here at Medicare School wish you the best on your journey and recovery!!
We pay $189 in florida for a g plan. Florida is expensive. Medicare school is awesome.You call them.They take care of everything for you, as well as answer any questions you may still have.
My wife and I pay a combined $668 a month for plan F. The premiums have risen from $478 a month combines since we purchased this plan in 2019. Our plan D has gone up each year since 2019 too. Even with the cost, we are extremely happy with this plan. We have the financial resources to fund the yearly increases and knowing that we won’t get hit with huge medical bills that are covered by Medicare and our supplemental insurance makes life a lot more comfortable.
I wish you would do an example like this with chemotherapy included. Since it is typically out-patient treatment it falls under part b. That's what worries me as I try to navigate this decision.
Hello I don't have heart disease diabetes or any cancer. I have four autoimmune disorders I left Medicare Advantage plan in 2023. I have Anthem Blue Cross HMO; Prime; Carlon medical group. It's confusing. I want to be ready for the unexpected what additional supplemental plan can I purchase just in case I do get diagnosed with cancer? Are there any? What I have is not going to be enough in case something does happen my apologies. I should have watched this video before I commented. You are explaining and covering all of this. I have been on Medicare as of 2001 I went on permanent disability. When I turned 65 it rolled over to my retirement plan. I was giving Medicare Advantage plan. I left that in 2023. My husband started a new job we will have additional insurance. I don't have that information yet. Will Medicare make my husband's Insurance the primary? they've done that in the past. Thank you, Lorena
Good video however, I'm surprised you didn't mention the HD-G Plan for those in high premium states like myself in Central Florida... How would that plan fare in your scenario??? In my zip code here in Florida, for my age, G plans run $189-$289 per mo, N Plans are $145 - $204 per mo., and HD-G Plans run $69-$106 per mo. An HD-G plan costs roughly 2.5 to 4 times LESS than a G or N Plan with an annual Deductible of around $2800 (not including excess charges) if I understand the Plan correctly. I'm told that nationally, less than 3% of all doctors will have excess charges, so they are avoidable. Am I missing something here?
Agree. Was waiting to see how HD-G would do. With a $2,800 out of pocket, it would fare pretty well against most plans. Why did you exclude the excess charges from the $2,800 OOP?
@@paulstein916 I did not include excess charges in my original post because less than 2% of the doctors actually charge them. Also I believe you can sign a document when you're admitted into a hospital specifically stating that you will not pay any excess charges, so that kind of gives everybody the heads up very early in the game so you have no surprises at the end of the day. After thinking about this for a minute, I just remembered that the high deductible G plan does include excess charges exactly the same as the normal G plan does. So no worries there.
@@FloridaNative59 Yes I agree, the commissions are probably pretty low for that HD-G plan, however here in Florida the plan N and plan G premiums are so high that by the time you tally that monthly cost into the mix, if you happen to be healthy for one year, you save a ton of money. If you happen to not be healthy for one year, you're out of pocket expense is going to be about the same as the N plan or the G plan for that year. Unless I'm missing something, it looks like a no-brainer to me. 2800 Plus a $69 monthly premium still has you coming out much better than a lot of the company sponsored plans when you were working. Call me crazy but it just seems to make good financial sense to use your medigap plan more like a catastrophic plan. Also over time I suspect that this plan will not go up very much each year compared to a plan N or a plan G. Yes, the annual deductible will likely go up about $100 per year, but I think it will still be much more financially beneficial in the long run than the N plan or the G plan. Also, since it is a G plan it includes excess charges just like a standard G plan would from everything that I've read.
I've been watching Medicare School for quite awhile. I have never seen any information for my situation. I am 85 and I've had Plan F since before 2020. I pay for my F plan $434 a month and live in California. I have not been in a hispital and I am on just a few meds. I heard that my monthly payment will go way up because gov't won't cover after 85. Is this true and could you possibly show information on my situation and i'm sure for others. Thank you for providing great information for a confusing insurance policies. Carol
That doesn't sound right, Medigap/Supplement plans are ones that are there for life. Give our office a call directly, we can certainly answer any questions to your specific situation. You can reach us at 1-800-864-8890.
I'll be eligible for a supplement next year that's affordable since I'm on disability. I'm still interested in high deductible G and I wondered if you would do a video on that. Thank you!
Hi, there are 8 states in the nation that won't allow 15% access charges. I think you should emphasize that in your program whenever you're talking about excess charges.
@@kdani11307982 Pennsylvania doesn’t tax retirement income and it’s often cited as a good place for retired people. Definitely has four seasons. Spring and fall are glorious. Summer is great if not humid. Winters vary. Some mild, some not.
That is why you need to get a good supplement. F or G. I have G because to get part B deductible paid for you spend a little more for the premium, so the $240 deductible is much less than the extra you pay for plan F over the year.
I understand your feeling about the premiums. I can’t afford Plan G premiums, or that yearly deductible, and I can’t afford to pay charges incurred using Advantage plans. There simply isn’t money there. Might as well just get your plain Medicare handout, and file the bills into the trash can. No negotiation. Plain and simple. No resources.
We understand that supplements may not be sustainable for everyone. We are happy to help reviewing plans that are best for your situation. Give us a call we'd be happy to help at 1-800-864-8890.
Yes, with a supplement plan chemotherapy is covered. As well as injections. Give us a call we'd love to help with your Medicare, you can reach us at 1-800-864-8890.
We can help with reviewing your options and signing up for these plans as well! Just give us a call we are always here to help. You can reach us at 1-800-864-8890.
I thought Excess charges of 15% only applied to 95% of the medicare approved amount, so it's effectively 9.25%. Doctors who add excess are non participating providers right? NonPAR only get 95% of the medicare approved amount.
He's trying to scare you away from an N plan because of lower commision rates, he also left out the third most popular plan in the United States. The high deductible G plan has a maximum out of pocket of $3000.00 but a very low commision for the broker.
Switching Medigap plans will always require medical underwriting outside of the Medigap OEP (first 6 months of Medicare Part B). Unless you live in a state where underwriting is not required. Those are CT, MA, ME and NY.
In your example Plan L is better than Plan N because of the Max out of Pocket. You mentioned only 5% charge Excess Charges. These Excess Charges made Plan N cost the consumer more. So, When you have an accident and your rushed to the hospital, how do you know if the ER physician is going to charge Excess Charges and leave you with a bill? I am turning 65 in less then a year.
Medicare does currently standardized the plans, but I believe there could be changes in all kinds of things because of the Supreme Court overturning the Chevron decision. Now judges will be able to make decisions From the Bench about how Medicare covers and administers things. In fact we are already doing it!
All supplement plans will cover the same exact way across the board. By law they are required to include the same coverage. So home health will be covered.
The only problem you may have is Medical Underwriting if you try to switch plans. Be absolutely positive you are approved for a new plan before dropping the old one.
Besides the $240 annual B deductible, there's a G-Plan premium. No mention of Medicare B Plan monthly premium of $174.70. Wouldn't that be included in your cost if you take this supplement G?
@@MedicareSchool Thank you for the information. This is our first year on Medicare, we are learning every day. All the information is a bit overwhelming at times.
Medicare Parts A and B can start on the first day of the month you turn 65. If you retire before you're turning 65 then you are not eligible. If you retire after or you turning 65 when you retire yoru can go from an employer's plan to Medicare. Start the process about 90 days before retirement date. Medicare starts on the 1st day of the month, not mid month.
If you are 65 or over and stop employer paid coverage, you have 8 months to get Part B without incurring a penalty. You have 2 months to get a part D (prescription plan) without penalty. You’d want to sign up right after stopping work.
We suggest beginning the sign up process at least 2-3 months before you plan to retire to ensure your plans begin when you lose coverage from your employer. If you'd like some help along the way give us a call at 1-800-864-8890!
We suggest going with a stable rated carrier with stability in their history of monthly premiums. We would love to help in reviewing your plan choices. You can reach our office at 1-800-864-8900.
Prescriptions are covered in a separate and optional Plan D. That would require a separate video. The Drug Plan one chooses would depend on where one lives in addition to current medications one is taking, I'll leave the rest to the experts like our friends at Medicare School.
What Supplemental plans cover stays the same but how much of what they cover for a service will vary. For example, all Supplemental plans cover the first three pints of blood, but Plan G will cover 100% of the cost of that service while Plan K will only 50% of the total cost.
The light color used for the dollar amounts in the chart makes the numbers invisible to people with col9r vision problems. Please use different colors in the future. Darker.
I count how much we pay for husband’s plan N and how much plan paid this year. We paid for N $1100 for 12 month and plan paid for us already for 7 month $2275
✅ To get 1 on 1 Help from our Team, Schedule a Call Here: medicareschool.com/talk-to-a-guide/?
Your Link does not work! You must pick your state, but the dropdown menu will not work!
@@samkeino6810 There is no state information to fill out in the form you're referring to. If you're having trouble with the site, give us a call at 1-800-864-8890 and you can schedule an appointment over the phone. Sorry for your troubles.
After watching this video if we took a test on it I would get an "A". It was that interesting to watch. It just reinforced my decision to get that "G" plan. The peace of mind that comes with that plan is priceless. Now that I think about it I would get an "A" on all "The Medicare School" videos I watch. They are just that good.
We appreciate those kind words, we are thrilled to be able to help day in and day out. If you ever have any questions give us a call at 1-800-864-8890!
I pay $246 a month for Plan F and I have medical costs and treatments exceeding $60,000 a year, probably until I die. I’m only 71 and will most likely live until my late 80s, based on my current health and my parents’ longevity. $246 a month is a bargain.
Yes you are very lucky!
I am in the same position. 72 yrs old, my supplement is 247.20 a month + a part D about $87. I have no out of pocket costs for medical care thus far. I have been dealing with lung cancer for last 8 yrs and my one 3 day hospital/procedure billed the Medicare &supplement over $200K, not to mention that monthly cost for the lowest dose of target therapy pill is over $7100 a month, falling into the tier 5 catastrophic category, where I am responsible for 5%. My income does not allow me to pay the 5% and I have assistance from a fund that covers that.
To the person who commented about being lucky, below your post, I say it’s not luck. It is thinking ahead and not being a risk taker and first taking care of housing, food and health care coverage, assuming anything can happen. That means giving up many things others enjoy. Dining out, vacation, unnecessary shopping, and overall everything that is not a necessity. The last year before going on medicare, my monthly health insurance was $ 974. I had to use savings to pay that. But my diagnosis happened few months before I turned 65. Because I had good coverage, the total hospital stay and first month of meds was covered by my insurance. That alone was about $210k. If I did not pay that high coverage cost, I would have ended up paying lots out of pocket, at least 20%. So no it’s not luck, it’s prioritizing.
@@evafrank7019 very well said. Best of luck with your health in the future 😊
This is the best information on the internet. Thanks 🙏.
Glad it was helpful! We're pleased to help!
I have the N Plan and only 1 of my 4 physicians charges a. co-pay which is $9. I see him 2x a year. My premium is $105. a month. For me N was more affordable.
What state do you live in?
I’m leaning towards the N plan because of that also.
@@sheryllegg845 Arizona
@@kennethreynolds8 Medicare seems to close the plans that have no co pays. The last one left standing is G. When a plan closes the membership freezes, and as subscribers fall away the premiums rise, such as in Plan F. I guess the next plan to freeze will be G.
@@sheryllegg845 The premiums vary in price according to age, gender and zip code--not just state! Our premiums are quite low also and we live near a city in the midwest and both in our mid-60's and good health, no/very few meds.(Plan N)
Obesity isn't even a disease. It's a dietary condition, completely preventable and curable by a simple change in diet (paleolithic diet). I know. I have done it, starting in 2007. I'm going to be 72 in October and I weigh 156 lbs. In November 2007, I weighed 233 lbs and had just been diagnosed with type 2 diabetes. Within 5 months after starting a paleo diet, I had no signs of diabetes.
Paleo/Primal/Keto is the way to go. Low carb, plenty of fat and protein, just like our cave man ancestors.
@@barreloffun10I agree. Don't do well sticking to my low carb diet, but when I do I feel so good.
Don't need any fancy diets. Just actually check calories of what you eat. The good ,bad 7 ugly foods will become daily identifiable. Haven't had a Big Mac or any chain junk food in 10 years. Regular exercise and proper health eating ( yes there are plenty of healthy good tasting foods) is all it takes. doesn't mean you can't occasionally over indulge. Lost 90 lbs in 2 years. Was super easy.
@@airforcepilot1167 Well, congratulations, then. There is nothing "fancy" about the paleo diet, though. It's nothing more than a modern emulation of our stone age ancestors' diet. By the way, most people misunderstand the word "diet." They think it's a temporary thing you do to lose weight. But your diet is simply what you eat. You can eat a good diet or a poor diet. Our ancestors were hunter-gatherers and lived on mostly the meat of the game they hunted, supplemented with wild fruits and vegetables, fish, etc. There is no need to count calories. A calorie is just a unit of heat energy, not a nutrient, not a food, and it makes no difference at all how many calories the food you eat supply. Our ancestors were hardy people who lived naturally, eating what nature supplied them with. I do my hunting and gathering at the meat and produce aisles of my local grocery store. I never eat out and I avoid sugar like the plague. In fact, late last year, I stopped eating fruit because it's loaded with sugar. As a result, at 72, I weigh what I did at 32. I exercise daily, but the exercises I do require no weights or machines, just my own body and maybe a wall or floor. It's based upon the principle of self-resistance, i.e, using my muscles and body weight to supply resistance. There are no movements required. I just strike a pose that puts my muscles in tension and then hold it for a count of 30. Then I change positions and repeat. Body builder Charles Atlas called this principle "Dynamic Tension," but it goes by many names and is similar to yoga. A thirty pound dumbell makes a good addition, though. While some body builders use self-resistance, it's a good, simple way to stay in shape and you don't have look like a cartoon character.
@@GaryR55 awesome!!! sounds like we both are avoiding the bad stuff. I'm 50 lbs lighter than at age 25 lol! IOW i always as a little overweight, then got real bad. now at 63 lightest I've been my entire adult life. I too just do natural outdoor workouts. No gyms etc. It really is a healthy lifestyle change. Well done!
We have a G plan. We don’t have many doctor bills but like knowing if we do the costs are covered.
Once again a very comprehensive and easy to understand video. We appreciate you taking the time to put out these videos!
Happy to help anyway we can!
Please do a video that shows the premiums for each of these plans. You can pick a random (no need to name it) company that your agency sells and use something like age 73-74. The potential premiums for these plans are nearly as important as the coverage itself. Just go down the line just the way you did in this video.
Thank you for that suggestion, great topic!
The premium depends on the insurance company. You must shop around.
The premiums vary by state, so pretty hard to cover all of that.
You need a chapter marker for the scenario (9:04). And you omitted totaling items 1 to 4 which would be the patient’s part with Parts
A and B only (total is $10,044) At 12:28, you start what all 10 plans cover. Plan A starts at 13:40.
Interesting. I’m 77 and have the F plan. Had 2 heart attacks, hip emplacement, gall bladder removal and cancer involving chemo and radiation. I was not billed for any of the services I received. If I was going to sign up today, the G plan would be the one I would choose. I will say that my premium has gone up every year except one year. It usually goes up about $25 per month every year. This year it is $322 per month.
I have the same F plan. Only one heart attack (>$100K) but lots of other hospital and doctor's visits. My plan increased to $300+ for 2024 and because I moved to Minnesota. Washington cost about $50 less. I finally had to pay for a medical service when I went to the emergency room thinking I might be having another heart attack. It ended up being my first Covid case. Because i wasn't admitted, even though I stayed overnight, I was charged $100 for the emergency room visit. I'll take this cost versus what I would have paid while working with health insurance any day.
I just enrolled in the F plan in 2023. I was paying $228.00, and now it's up to $283.00. I'm sure it's going up to $300.00 soon. I'm in great shape at my age in the mid-70s.
@@patburton837thanks for sharing..I am mid 70’s on Advantage considering changing to supplement…blessed with good health-Thanking God. Thanks again -Columbus, Oh
My friend has history cancer and heart problems, she has kept her F plan, she has done the math, still less expense to keep F plan. Had several Dr visits and testing this year, more then paid having the F plan, as no out of pocket, no 20 % charge which is on the G plan.
@@jrae6608Regular Plan G has no 20% coinsurance, only a small annual deductible which is $240 for 2024. That is a flat $240, not a percentage. You may be thinking of a High Deductible Plan G, where you would pay 20% of Part B charges until you've paid the plan's deductible, which is $2800 this year. Again, regular Plan G has no percentage payments, only a flat $240 deductible once per year.
Jan of this year I went on part b with an N supp plan. Feb of this year I was diagnosed with three different cancers. Plan N is wonderful. If I could have seen the future. Plan G would have been my choice
Still great to hear that you got onto a Medigap plan and getting the coverage you deserve. From all of us here at Medicare School wish you the best on your journey and recovery!!
All the best to you as you battle your different cancers. Have you run across any excess charges?
I had the F plan (I’m 78 and still working). I recently switched to the G plan. I’m saving $100 a month in premiums. Extra deductible is $240/per year
Great to hear!
Excellent comparison information. Thank you.
Glad it was helpful! If you have any questions just give us a call at 1-800-864-8890.
This is the most informative medicare video I've seen. Thanks.
Glad you enjoyed it!
We pay $189 in florida for a g plan. Florida is expensive. Medicare school is awesome.You call them.They take care of everything for you, as well as answer any questions you may still have.
Thank you for sharing, glad that we could help :)
I'm in MN and pay $225. Planning a move to Florida and I think $189 sounds wonderful!
I have a plan N and live in Florida. Plan G was going to cost $220 a month and my plan N is $141.
Thank You from the State of Maryland. I am 66 year old still working.
Glad that we can help!
Glad you have the health to do so!
My wife and I pay a combined $668 a month for plan F. The premiums have risen from $478 a month combines since we purchased this plan in 2019. Our plan D has gone up each year since 2019 too.
Even with the cost, we are extremely happy with this plan. We have the financial resources to fund the yearly increases and knowing that we won’t get hit with huge medical bills that are covered by Medicare and our supplemental insurance makes life a lot more comfortable.
Great to hear!
I wish you would do an example like this with chemotherapy included. Since it is typically out-patient treatment it falls under part b. That's what worries me as I try to navigate this decision.
Thank you for the suggestion!
Hello I don't have heart disease diabetes or any cancer. I have four autoimmune disorders I left Medicare Advantage plan in 2023. I have Anthem Blue Cross HMO; Prime; Carlon medical group. It's confusing. I want to be ready for the unexpected what additional supplemental plan can I purchase just in case I do get diagnosed with cancer? Are there any? What I have is not going to be enough in case something does happen my apologies. I should have watched this video before I commented. You are explaining and covering all of this. I have been on Medicare as of 2001 I went on permanent disability. When I turned 65 it rolled over to my retirement plan. I was giving Medicare Advantage plan. I left that in 2023. My husband started a new job we will have additional insurance. I don't have that information yet. Will Medicare make my husband's Insurance the primary? they've done that in the past. Thank you, Lorena
Very understandable breakdown of cost and coverage. Thanks so much.
Glad you enjoyed it!
Good video however, I'm surprised you didn't mention the HD-G Plan for those in high premium states like myself in Central Florida... How would that plan fare in your scenario??? In my zip code here in Florida, for my age, G plans run $189-$289 per mo, N Plans are $145 - $204 per mo., and HD-G Plans run $69-$106 per mo. An HD-G plan costs roughly 2.5 to 4 times LESS than a G or N Plan with an annual Deductible of around $2800 (not including excess charges) if I understand the Plan correctly. I'm told that nationally, less than 3% of all doctors will have excess charges, so they are avoidable. Am I missing something here?
Agree. Was waiting to see how HD-G would do. With a $2,800 out of pocket, it would fare pretty well against most plans. Why did you exclude the excess charges from the $2,800 OOP?
Amen, the brokers get paid a very low commision for the HD-G plan hence he forgot to mention it.
@@paulstein916 simple answer really, his commision $$$.
@@paulstein916 I did not include excess charges in my original post because less than 2% of the doctors actually charge them. Also I believe you can sign a document when you're admitted into a hospital specifically stating that you will not pay any excess charges, so that kind of gives everybody the heads up very early in the game so you have no surprises at the end of the day. After thinking about this for a minute, I just remembered that the high deductible G plan does include excess charges exactly the same as the normal G plan does. So no worries there.
@@FloridaNative59 Yes I agree, the commissions are probably pretty low for that HD-G plan, however here in Florida the plan N and plan G premiums are so high that by the time you tally that monthly cost into the mix, if you happen to be healthy for one year, you save a ton of money. If you happen to not be healthy for one year, you're out of pocket expense is going to be about the same as the N plan or the G plan for that year. Unless I'm missing something, it looks like a no-brainer to me. 2800 Plus a $69 monthly premium still has you coming out much better than a lot of the company sponsored plans when you were working. Call me crazy but it just seems to make good financial sense to use your medigap plan more like a catastrophic plan. Also over time I suspect that this plan will not go up very much each year compared to a plan N or a plan G. Yes, the annual deductible will likely go up about $100 per year, but I think it will still be much more financially beneficial in the long run than the N plan or the G plan. Also, since it is a G plan it includes excess charges just like a standard G plan would from everything that I've read.
I've been watching Medicare School for quite awhile. I have never seen any information for my situation. I am 85 and I've had Plan F since before 2020. I pay for my F plan $434 a month and live in California. I have not been in a hispital and I am on just a few meds. I heard that my monthly payment will go way up because gov't won't cover after 85. Is this true and could you possibly show information on my situation and i'm sure for others.
Thank you for providing great information for a confusing insurance policies.
Carol
That doesn’t sound right to me as my 95 year old relative still has Part F and always has.
That doesn't sound right, Medigap/Supplement plans are ones that are there for life. Give our office a call directly, we can certainly answer any questions to your specific situation. You can reach us at 1-800-864-8890.
I'll be eligible for a supplement next year that's affordable since I'm on disability. I'm still interested in high deductible G and I wondered if you would do a video on that. Thank you!
Hi, there are 8 states in the nation that won't allow 15% access charges. I think you should emphasize that in your program whenever you're talking about excess charges.
Connecticut
Massachusetts
Minnesota
New York
Ohio
Pennsylvania
Rhode Island
Vermont
As of 2024, these states do not allow excess charges.
@@VivaciousOM thank you for this information. As soon as I retire I want to leave Florida and I'm trying to figure out what state to go to.
@@kdani11307982 Pennsylvania doesn’t tax retirement income and it’s often cited as a good place for retired people. Definitely has four seasons. Spring and fall are glorious. Summer is great if not humid. Winters vary. Some mild, some not.
Out of my price pay unfortunately! I have no savings! Guess I’d go broke!
That is why you need to get a good supplement. F or G. I have G because to get part B deductible paid for you spend a little more for the premium, so the $240 deductible is much less than the extra you pay for plan F over the year.
@@collinsfriend1i understand you can no longer get F?
I understand your feeling about the premiums. I can’t afford Plan G premiums, or that yearly deductible, and I can’t afford to pay charges incurred using Advantage plans. There simply isn’t money there. Might as well just get your plain Medicare handout, and file the bills into the trash can. No negotiation. Plain and simple. No resources.
We understand that supplements may not be sustainable for everyone. We are happy to help reviewing plans that are best for your situation. Give us a call we'd be happy to help at 1-800-864-8890.
It would have been interesting if you'd have included an Advantage plan for comparison, although I realize you are comparing Supplemental plans
We spend Trillions on healthcare and still have lower life expectancy in America than most wealthy countries that have socialized health care….
Do any of these plans cover chemotherapy? Also, eye injections for macular degeneration?
Yes, with a supplement plan chemotherapy is covered. As well as injections. Give us a call we'd love to help with your Medicare, you can reach us at 1-800-864-8890.
How are we able to pick from G plan what insurance how is it done
Call them
We can help with reviewing your options and signing up for these plans as well! Just give us a call we are always here to help. You can reach us at 1-800-864-8890.
I thought Excess charges of 15% only applied to 95% of the medicare approved amount, so it's effectively 9.25%.
Doctors who add excess are non participating providers right? NonPAR only get 95% of the medicare approved amount.
That’s correct. In his example the excess charges would be $2700 but honestly I’ve never heard of excess charges being that high.
@@johnscott2746 Thanks for doing the math. That's quite the difference.
He's trying to scare you away from an N plan because of lower commision rates, he also left out the third most popular plan in the United States. The high deductible G plan has a maximum out of pocket of $3000.00 but a very low commision for the broker.
@@FloridaNative59 Didn't work. Both my wife and I went on Plan N this year and are happy with it.
@@JeanPierreWhite Why didn't it work ?
Very nice and informative video.
Thanks a lot! If you have any questions we're happy to help, you can reach us at 1-800-864-8890!
But don't you also need RX supplement plan. Do these A-N plans cover Rxs at all, it wasn't mentioned at all.
Can you make a video on pros and cons of Medicare MSA plans? Is HD G a MSA eligible plan? Have found your videos quite helpful. Thank you.
Great suggestion!
Pennsylvania is a state that does NOT permit excess billing so now plan N just appears even better if a PA resident.
Fantastic video, Thank You!!!
You are welcome!
Great Video. Thanks for the education .
Glad we could help!
You should add the cost of premiums as your age goes up at what rate
Question: if I start out a few years with the N plan can I switch to the G plan without needing medical underwriting?
No, you'll need underwriting.
Switching Medigap plans will always require medical underwriting outside of the Medigap OEP (first 6 months of Medicare Part B). Unless you live in a state where underwriting is not required. Those are CT, MA, ME and NY.
@@MedicareSchool Thank you . I appreciate your information as I plan for retirement
Happy to help!
How much does the G and the N plans cost per month?
Depends on where you live. If you go to Medicaee.gov, put in your zip code you can see the costs.
That varies on where you reside in the US. We can review what's available to you! Give us a call at 1-800-864-8890.
Thank you for another easy to understand but comprehensive explanation of all of the supplement plans. Keep up the great work Marvin.
Thank you!
In your example Plan L is better than Plan N because of the Max out of Pocket.
You mentioned only 5% charge Excess Charges. These Excess Charges made Plan N cost the consumer more. So, When you have an accident and your rushed to the hospital, how do you know if the ER physician is going to charge Excess Charges and leave you with a bill?
I am turning 65 in less then a year.
Excess charges are not allowed in emergency situations.
My " G " plan through Humana went up $12.65 a month from what it was a year ago.
Lucky you. That's not much!
@@BrittMFH May not seem like it but I don't get much Social Securiy. It is alot to me.
If I have part a M part B and then I get a G supplemental plan will my prescriptions be covered?
Prescriptions are not covered by supplement plans, you have to sign up for a separate Part D plan to get medicine covered.
Thank you 🌹
You're welcome, glad we could help!
Medicare does currently standardized the plans, but I believe there could be changes in all kinds of things because of the Supreme Court overturning the Chevron decision. Now judges will be able to make decisions From the Bench about how Medicare covers and administers things. In fact we are already doing it!
Does any plan cover Home Health? I mean beyond like recovery from stroke.
All supplement plans will cover the same exact way across the board. By law they are required to include the same coverage. So home health will be covered.
I just need to call you guys one day.
We hope to hear from you soon! You can reach us at 1-800-864-8890.
I currently have plan N. Is it a good idea to shop other provider’s plan N cost? Or is that not a good idea to switch if I find a cheaper premium?
Nothing wrong with shopping around! Give us a call we'd love to help you out, 1-800-864-8890!
The only problem you may have is Medical Underwriting if you try to switch plans. Be absolutely positive you are approved for a new plan before dropping the old one.
Great info
Glad that it could be useful, if you have any questions just give us a call at 1-800-864-8890.
Besides the $240 annual B deductible, there's a G-Plan premium. No mention of Medicare B Plan monthly premium of $174.70. Wouldn't that be included in your cost if you take this supplement G?
You would ultimately have 3 different premiums to pay monthly. Part B, Plan G and a Part D drug plan.
@@MedicareSchool Part B $174.70, Part deductible $240 ($20@mo), G-Plan $130, D-Plan $70. Thats four payments. Is this correct?
if you have a N plan ,can you change to a G plan after a year?
You can make changes at any time, you do not have to wait. It is just likely that you will have to do medical underwriting to make that change.
@@MedicareSchool Thank you for the information. This is our first year on Medicare, we are learning every day. All the information is a bit overwhelming at times.
We're happy to help, if you have any questions you can contact our office at 1-800-864-8890.
I’m retiring by the end of year. When is the window to enroll In part b ??
Medicare Parts A and B can start on the first day of the month you turn 65. If you retire before you're turning 65 then you are not eligible. If you retire after or you turning 65 when you retire yoru can go from an employer's plan to Medicare. Start the process about 90 days before retirement date. Medicare starts on the 1st day of the month, not mid month.
If you are 65 or over and stop employer paid coverage, you have 8 months to get Part B without incurring a penalty. You have 2 months to get a part D (prescription plan) without penalty. You’d want to sign up right after stopping work.
We suggest beginning the sign up process at least 2-3 months before you plan to retire to ensure your plans begin when you lose coverage from your employer. If you'd like some help along the way give us a call at 1-800-864-8890!
What insurance is the best?
We suggest going with a stable rated carrier with stability in their history of monthly premiums. We would love to help in reviewing your plan choices. You can reach our office at 1-800-864-8900.
🎉great
He doesn't talk about prescriptions on these supplemental plans. Or did I miss something?
Part D is for prescriptions
You would need a separate plan D for prescription self administered medication
Prescriptions are covered in a separate and optional Plan D. That would require a separate video. The Drug Plan one chooses would depend on where one lives in addition to current medications one is taking, I'll leave the rest to the experts like our friends at Medicare School.
RX not included in any of these plans. You have to purchase a plan D for that.
You have to get an additional D for scripts…same people can help you get one
i thought all supp plans have the same coverage no matter what
What Supplemental plans cover stays the same but how much of what they cover for a service will vary. For example, all Supplemental plans cover the first three pints of blood, but Plan G will cover 100% of the cost of that service while Plan K will only 50% of the total cost.
Still doesn’t understand in previous videos you stated that the c plan was an advantage plan in this video it’s not
There’s a difference between a Part C (advantage) and a Plan C that’s a supplement to Part B.
They are different, there was a Medigap plan called "Plan" C. Where as an advantage plan is "Part" C. is the difference.
The light color used for the dollar amounts in the chart makes the numbers invisible to people with col9r vision problems. Please use different colors in the future. Darker.
We're sorry about that, we will keep that in mind.
I count how much we pay for husband’s plan N and how much plan paid this year. We paid for N $1100 for 12 month and plan paid for us already for 7 month $2275
👏👏👏