🎥 Welcome to Medicare on Video's official RU-vid Channel 🎥
I am Keith Armbrecht founder of Medicare on Video and I help people across the country make the right Medicare choices. ➡️ If you are turning sixty-five or retiring and if you are coming into Medicare, then you know that there are a lot of choices. That is why I am here and why I have created this channel. I want to be able to help you understand what Medicare is and what are the best options to choose. There are so many confusing options that a lot of people struggle to understand. #Healthplan65 #MedicareonVideo ➡️What you will see on my channel:
✔️Medicare Supplement Plan ✔️Difference between Plan G vs Plan N ✔️When You Can Enroll into Medicare ✔️And more
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Maybe a better title for this video would be “When I Wouldn’t Chose Medigap Plan G verses Plan N”. I have Plan G and it was $25 more in premium than Plan N, but I knew with my upcoming health issues I would be seeing many specialists and more often. I went with peace of mind decision.
As part of the retirement package offered by the company I worked for, my wife and I each receive 83 dollars a month toward the purchase of a Medicare supplement. So Plan G was an easy choice to go with.
What the hell? Last year when I was looking at this, you couldn't stop praising plan G. Now I'm stuck with a plan, G, and you're saying it's not the best plan. I hate that I'm spending so much for the plan and Medicare Part B, but it really covered my butt on medical expenses this year. I'm just praying the premium doesn't skyrocket on renewal because then I'll be forced to switch if I can (because I'm on a fixed income). Gah! Insurance in this country makes me crazy.
@@jillmiller5134 Also, you are not necessarily stuck with the G plan unless you have some health issues you’re dealing with. At which point, the G plan probably makes the most sense for you. It depends where you live & the cost difference. G plan is the best insurance the country offers for seniors today. If you are healthy enough to qualify, it is worth asking a broker like this gentleman if you can qualify for the N plan. The difference is every specialist appointment is $20 co pay, and Emergency room visits are $50 co pay. You still pay the annual $240 deductible, just with those minor differences. I believe there is 1 more difference also, but it’s something so rare it seldom applies to the majority of people on Medicare. For the 10 minuets of your time, it is worth calling this gentleman and seeing if you can qualify for the N plan. If you’re concerned about previous health conditions and don’t feel you’ll qualify with medical underwriting, please rest assure you are in the best plan for your needs. I miss selling medi-gap plans, because the only “compliant” is the monthly premiums that change year over year. Never an issue with DR’s, hospital payouts, or access to a facility.
I thought getting plan "G" in the beginning was easy as there is no underwriting. But if you want to change to it later and have major health issues it's a lot harder to get, if impossible. That is one major reason why I am looking at it in the beginning, and piece of mind just in case it is something major.
Changing plans in a state with underwriting does depend on whether or not major health issues are at play. A lot of people like the peace of mind Plan G offers. I always like to compare the two (G vs N) based on value.
My car was T-boned by a bus when I was 51, causing me a Traumatic Brain Injury, messing up my eyes (abnormal saccades and double-vision), ringing in my ears, badly damaged both knees and rotator cuffs, as well as amnesia and aphasia, on top of which, I developed serious GI issues stemming from long-term use of NSAIDS (plus my father and his mother both died from GI cancers). Because of the TBI issues, the state eventually declared me disabled. Because I was under 65 I had to use Medicare Advantage for several years, which was a nightmare. Because they are private insurance companies, they can refuse to pay for life-saving medications. The doctor had me on an amazing Japanese medication to keep my pre-cancerous Barrett’s Esophagus from turning into cancer, but the insurance companies refused to cover it, so I was paying $800/month to save my life. I could afford it fine when working, but once disabled, the insurance companies I tried said I had to take a 30-year-old drug that did not work on my symptoms. When I turned 65, I was able to choose a Supplemental Plan, which meant that if the government deems a medication necessary, the Supplemental plans MUST cover it. Supplemental Plan G is a godsend for me! Before you discount Plan G, keep in mind that MOST states won’t allow to just switch over whenever you want. I live in VA, and he f I hadn’t switched at 65, I would have had to go through the process of getting a physical along with the strong possibility of being turned down. Peace of mind is a HUGE incentive for getting Plan G! A dear friend developed Prostate Cancer at age 65, had he not gotten Plan G, he would have lost his house by now. BE CAREFUL!
In Massachusetts, it's plan 1A which is a supercharged plan G. It's what I'm on, having gone through your agency. I have tons of health issues, so go ahead and throw me in that Cadillac.
@@jackpalczynski7884 Massachusetts is a tricky state because the only way to sell Medicare in that state is to live in Massachusetts. Tbh, I’m not sure how plans work there. But I imagine it’s a hefty premium monthly. You get what you pay for.
Yes, the 1A is the equivalent of a Plan G. It definitely comes in handy with health issues. Also, although Massachusetts is year-round open enrollment for plans, they do not have an option of a high deductible plan like most other states. There is a plan called the Core Plan, but coverage is not great for the premium. I stick with 1A in MA.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@lennoxmutterick6434 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
There are other factors that are not discussed in this video. One, if you have children and want to make sure they can get some of your social security as part of your estate, take it at 62 in case you die early because if you die early and haven’t started taking it, they get nothing. Two, my break even age was 81 without investing my social security payments. What am I going to do with a little extra income after the age of 81? I started taking it at 62 so I can enjoy it while I’m still young enough to travel, etc. If I invest my social security payments, it would push that break even age out even further. Three, if you don’t actually need the money, you can use your social security payments to provide tax free gifts to your children of up to $18,000 per child for 2024. To summarize, I think taking it at 62 carries the least risk and allows you to get back and enjoy at least some of that money that was taken out of your paychecks during all those years of hard work.
Stayed mentally young and didn't prepare. The cavite. At 54 I'm looking to maximise my 60k salary. Retirement at 62/early is very attractive to me, especially looking to retire as an expat. How can I maximise this situation? Please help, youtubers....
I'm retiring at 65; I've had enough. If I wait to take SS until age 67, that means dipping into my IRA savings for two years. I'd much rather let that money grow while I can. Between SS and my pension, I'll be fine, thank you.
Out of pocket is not low. If you live on social security & they take $175 out monthly that is substantial. Don’t gaslight by saying “ well compared to..”
Do your homework the state of Maryland DOES NOT TAX your SS and I’m also going to take SS at 63 years old with a nice pension from the school system ! Life is short
I got roped in without knowing I've tried getting out for 2 years but United Healthcare keeps denying it they won't even give me answer why. I'll be trying again starting in August I'm beginning to think I don't have a chance
I love all the people that say not to take SS at 65, like you’re guaranteed a single day, much less after age 65. The truth of the matter is we are fleeced are entire lives working bs jobs and somehow some graph that lures someone into working even longer, to obtain some percentage more. I’ve known many a people that kept going past 65 and never got to enjoy any of it. I don’t care how much I have or don’t have at 65, I’m out! Also, the living longer thing is just bullshit mantra that big gov and k street spew to keep the money rolling in. Set the damn retirement age at 62 and allow people to enjoy whatever time they have left. All government wants is for the people to work till they die while they bankrupt the system! Don’t even get me started on the taxes on top of the money you were already taxed on. This shit is criminal!
Each person should decide based on one's own priorities after analyzing the pros and cons of all the options. For instance, I am 63, and will definitely start taking Social Security at age 65, once I start getting Medicare. I will retire at that point. I don't want to keep working any longer because it has taken a mental toll, and I want to have freedom to travel during the second half of my sixties. I don't want to work til 67 or 70.
RE: This situation wherein healthcare management insurance companies (capitalistic greed at its most voracious) are pressuring We the People seniors of this country, to leave our government, non-profit health care management provider system and sign up with a for-profit insurance company to own managing our healthcare coverage via Advantage Plan “C” programs!!! All the added coverage perks the insurance companies are currently using as “carrots” to lure seniors to forego Original Medicare and switch to an Advantage Medicare Plan C will NOT last forever…. Once they have the majority of US seniors lured off govt managed Medicare and they control the majority of management of our nation’s healthcare system…. THEY WILL PRESSURE THEIR BOUGHT-OFF POLITICIANS TO ALLOW THEM TO CUT BACK SERVICES AND INCREASE USER COSTS TO DELIVER GREATER PROFITS TO THEIR OWNERS AND STOCKHOLDERS!!! All the fabulous Medicare senior giveaways are nothing but a cunning ploy ….. a long range, planned take-over to privatize Medicare management! It’s not JUST Medicare they want to privatize!!!! It’s the entire U.S. healthcare system!!! They’ve been imbedding themselves in our country’s financial markets to make it financially catastrophic….. chaos generating, painfully IMPOSSIBLE to rip them out of their deeply ingrained involvement in managing our nation’s healthcare system and PREVENT us going to a cost-effective government managed UNIVERSAL HEALTHCARE SYSTEM!!! A system that would concentrate on supporting WELLNESS to control illness and disease treatment costs and deliver a better national quality of life for our citizens. In addition to what they are doing to manipulate seniors’ Medicare management services, they are like a silent, undiagnosed cancer imbedding themselves deeper and deeper into the world of Wall Street!!! They are striving to make it next to impossible to be eradicated of their participation management in our U.S. healthcare system ownership by yet another scheme: theses healthcare management companies’ stock offerings have become a major investment option as part of the nation’s worker payroll savings programs: 401 K-Plans!!! How are they doing this??!!! Their stock is traded on Wall Street! Their stock is often part of various investment funds that bundle together as a diversified “investment fund” their stock in with other investment entities that are offered to corporate employers to offer their workers for their corporate approved 401-K Plan investment opportunities for their employees to select! They save via payroll deduction savings plans. If they were to collapse in the process of us going to a Universal Healthcare system, the average American worker would take a terrible financial loss! For over three decades now, healthcare management insurance companies continue to work DIRECTLY with corporations to design employee healthcare insurance plan offerings they offer their employees to choose from. The premiums paid in part by employer contributions and the remainder by employee payroll deductions. The employees generally have no voice in selecting the healthcare insurance companies their corporate employers set out for them to choose from! It has never been clear what financial exchanges go on between insurance companies and the corporate employers !!!!! The lobbyist influencers and the bungling, underfunded government oversight combined with a disconnected, unquestioning public has let this situation grow right under our noses!!! Can a democratic society function to save its self????? Could you hold a program where a panel of experts could discuss these concerns?
You sob. stop using terms like OUTLIVE YOUR INCOME trying to make people think their social security will end. you know what you eluding to. youre nothing more than an insurance salseman. total slime.
I’ll get railroad retirement but it still won’t be enough to pay my half of me and husband’s mortgage. The 60k in my 401k isn’t worth much. I’m 60 I can’t work much longer in these shitty jobs
My wife passed a few years ago at 63. She was a stay at home mom most of her life and never earned the required 40 credits. How does this affect me and am I entitled to anything?
I'm curious what I'd be advised to do then. At 55 I was suddenly faced with being put on permanent disability, ending my nursing career. At that time I was living in AZ. If I went on original Medicare, I'd be stuck with everything that a supplement would normally pick up. I was underage so I was not eligible to pick up a supplement. I couldn't take that gamble, especially being disabled - so a Medicare Advantage plan was the alternative. I'm not 65 yet and I'm moving to MN. It will be interesting to see what plans will be available to me there, and at what cost. I am now 63. As it stands, I sure don't know how people can afford the supplements! My SSD distribution is certainly lower than one might expect - due to my age - and I don't see how I would be able to afford the supplements - but we'll see! From what I see so far, MN plans are more costly than FL plans. (I'm currently in FL for 1 more week). EDIT: I just want to add...for me - I don't question how some or most feel their care would be more complete with original M/C & a supplement vs a M/C Advantage plan. I just don't think some people realize how difficult it is for MANY people to afford the supplemental plans to accompany the original M/C plans. Many people are never going on original (+ supplement) in the first place, or are dropping it simply because of the cost - not r/t the quality of their care/coverage. It's certainly a sad state of affairs, but everyone isn't in the same boat financially!
This man speaks the truth. Been in the business 30+ years and he is 100% accurate. You may hve it good now on MA but when their numbers dont look good..they can and will change the rules WHENEVER they want!
Waiting until full retirement age to take social security only makes sense if you know that you will live a long life (to at least 80 years old). Anyone can do the math. No one knows how long they will live, so it is an individual decision.
I plan on living a long time, but I am still going to retire when I turn 65 and start getting Medicare. Whether or not I start collecting social security then is a related but separate decision, but the answer will most likely be "yes".
You can make more money... but you can't make more time.. there is an age where you are more likely to experience life impacting health related events... if you retire earlier you can enjoy as many of the healthy years as possible..
