High Deductible Medicare Supplement Plans - Update 

This is my latest on High Deductible Medicare Plans. It includes important updates about the impact of inflation and the deductible for 2022.

I have decided here in PA to go with HDG with United American, an A+ carrier in biz with insurance since 1947 which offers some great low premiums and low rate increases around the country, including in PA. They also offer a Reserve Fund Annuity account, allowing me to fund the annual deductible (max out-of-pocket) I am responsible for before plan benefits kick in. They will agree to pay my future medical bills from the fund, directly to the provider on my behalf. That makes things easy. It also pays a guaranteed 3% interest, with no penalty to close if I ever need to do so. They also said I can switch to another plan within 2 years without medical underwriting, if I wish to change. Hope it works for me.

I live in California and am looking at your videos. I will watch some more videos! Thank you

I will be calling you this week. Retirement beginning of September. Thanks,

This is a great update video which is consistent with all of his videos. Quality data and clearly explained.

I am so happy that someone can explain the ins and outs of medicare.

Helpful explanation. Thank you.

This was eye-opening. Very informative and answered many of my questions (and some I didn't even know I needed answers to.) Thanks

Thank you very informative

Thank you for all your excellent videos, just sent an email to you today for more info. You have really helped clarify a lot with all your comparisons and explanations, thank you!

Matthew Classen is The Best agent you'll ever find! Honest and Clear! Thanks always!

Thanks Matt, your videos are very informative, I am going to send a quote request.

Excellent!!! Lot's of well explained info....thanks!!!! Is Arizona state mandate on the pricing????

Thank you very much for informative video.

Thanks for the insight into the fact that Florida is an Issue Age state, helped me solidify my belief that the high deductible plan is for me.

Matthew Classen is The Best agent you'll ever find! Love this video.!

Thanks for your update

Good video - I learned or clarified several things I was not clear on from other videos. In my experience, none of the videos on medigap mention company names.

Thanks great info

Thanks again..

Nice job 👍🏻

Thank you sir...

Very informative.

$170.00 Medicare premium plus $233.00 for doctor visit plus 11.60 Part D premium and $480.00 deductible plus $114.95 supplement premium. If you go into hospital a deductible. I don’t know who can afford this. I am considering dropping the supplement. The rest Congress made sure we were required to have it to make sure they earned their Pharmaceutical kick backs.

Question. Isn’t the part B deductible handled differently with plan FHD vs GHD?? Thank you. The plain plan F covers the deductible as the plain plan G does not. Thank you.

Hi wondering about cost sharing supplements?

I am in California, can you tell me which company has the most stable premium. Thank you.

I have just been approved for Medicare part A and B, however I am 55 and was told my another agent that b because i live in Indiana that i would not be able to qualify for any of these supplements until i turn 65 and therefore would have to go with an advantage plan. I called the Medicare hotline but couldn't understand a word they said. Can you elaborate please?

Do you have an updated video on HD-G for 2023? I'm very curious if the big deductible jump changes your recommendations.

Question. Did you mention that in 2 years into a policy with this unnamed company one will automatically get a letter asking them if they would like to change their plan without medical underwriting? Thank you.

Hey Matthew, I have watched many of your videos and coming up to my eligibility for Medicare. In trying to choose the right Medicare plan supplement or Advantage plan has been a lot to think about.In this video you did not reveal the insurance co. best used in Florida.Wondering what that co. would be,Thanks Jim.

Yes, I hate secrets.

If you have a high deductible G plan and within a two week time frame you bounce from office visits to lab work to high priced medical tests who is responsible for the tracking of what has been applied to the $2700 deductible? If your own record keeping places you over the $2700 deductible what can be done to stop providers/facilities from billing you because their records don't match yours on the deductibles? Asking this question as a basis to decide to go with a HDG or a standard G plan.

Hello Matthew, I reside in NV and spend good portion of the year overseas. Do all my annual health screening overseas very inexpensive and pay out of pocket. I have a hard time to decide between Plan N and HD Plan. Please advise.

Matt, do I understand correctly that in Washington St. I can change to a different supplemental plan without being subject to underwriting?

I am from pa. 81 yrs. Old widow. Have Aetna plan F. Should I keep or change plans

Thank you for the information. Could you do a video about how Medicare Part A functions for those of us who have to purchase it because we don't have enough credits to qualify for it?

Great info. Once a person buys a supplemental plan from you or another insurance broker, is that pretty much the end of the roll of an insurance broker, where any potential problems in the future are dealt with directly between us and the insurance company?

Great video. This is my 4th year with the HD plan with the Unamed Company ( I am guessing who it is) and it is good value - I am in Florida. I feel like I am way ahead now concerning the premium non raises and the HD (although knock on hard wood) haven't been in the hospital.

Clicked on "quote request form"; says page cannot be found

Are all plan F and plan F high deductible the same thing?

If me and my wife will apply with this Medicare Supplement and we will not be hospitalized at all for the whole year, do we have to pay the deductible both although we were not hospitalized the whole year 2022 just an example plus the 233 for seeing our primary Dr.

I am about to turn 65 and find this choice of health care way too confusing and way to complicated even with your effort to make it not so. No idea why some politicians want Medicare for all at least not at how it is currently designed. Is there any push to simplify the system and make it more affordable?

Do you have any videos for 2024?

I love your videos. I’m 67, sill working but will be retiring the end of 2022. I live in S Florida. Would it be too early to just have a conversation with you about the high deductible?

With the Part A deductible, I have a Plan G supplement. Assuming I have 3 hospital stays more than 60 days apart within the same calendar year, will the 2490.00 MOOP of the supplement negate the need for me to pay the Part A deductible again ?

If I understand correctly, premiums on Plan G are more likely to rise because because more people with preexisting conditions will enroll in it rather than Plan N or Plan G High Deductible. If that is true, is Plan G High Deductible even more unlikely to have premium increases than Plan N (not taking inflation into consideration)?

i be 65 in May. can you tell me what total will i have to pay plan A,B.D, and G? or N?

I went to a dermatologist that takes medicare and I have a Plan G supplemental plan. He wanted me to pay for the service right then and there since he said he didn't accept my supplemental care provider, even though the procedure was covered under medicare. (Yes, my deductible was already paid for). I was told that a doctor that accepts medicare must also accept Medigap Plan G, which is why I pay the high premiums to begin with. Is this doctor breaking the rules of accepting medicare? Or am I destined to have this as an ongoing problem with providers in the future?

Does this insurer for which you are secretive of (here on YT) cover WA state?

Is the following WA state law true that no medical questions (versus federal underwrting) is needed when I switch from my retiree medigap plan to other plans? No medical questions needed? "Washington is one of eight states where Medigap insurers are required to use community rating for enrollees age 65 and older (see Washington statute RCW 48.66.045). In addition to community-rating requirements, Washington state law also gives Medigap enrollees the option to switch to a different Medigap plan at any time, guaranteed-issue. Federal rules ........ Washington is one of just a handful of states where state law prevents Medigap insurers from using medical underwriting if a person with Medigap wants to switch to a different policy after their initial enrollment window has ended. State law in Washington allows a person with Medigap Plan A to switch to any other Medigap Plan A. And a person with Medigap Plan B through N can switch to any other Plan B through N. This opportunity to switch plans on a guaranteed-issue basis applies year-round, as long as the person has been covered under a Medigap plan for at least 90 days."

How is the Med Bed going to change all this?

Hi Mr. Clausen, I'm in Illinois, with Mutual OF Omaha since 2015, with a Medigap Plan F, not the high deductible plan.. They don't sell either Plan any longer since 2020, I know this.. Do you think I made a good choice. That company has been around for 100 years out of Nebraska, and you know this already.. Thank You, look forward to hearing from you...

Do you think $106 vs $248 monthly in south Florida worth keeping FHD vs N. I do. and I know the insurance company because we just got the letter!! 🙋‍♀️🙋‍♀️🙋‍♀️

great video well informed whats the name of company? thanks

Are we locked into a plan after we choose one? I started plan F early (issue age) due to disability. Super high premiums Ive moved to another state that the premium is even higher. I turned 65 last year. Went down to the amount I paid before moving. Will I forever be paying more because of early issue age?

Very confusing Plan alphabet. Ant follow when I don’t understand cause it’s all new to me as a 64 yr old.

I am a US dual citizen with Canada. My kids want me to move to Texas. I am trying to figure this out.

Going to a seminar that states specifically they do not talk about their product until after you have attended the "educational" aspect of Medicare and how to understand it.

I like how to tease us with what company is the best, but never give the name. What does one do to get that name? I'm 74, live in NYS, and am offered the high delectable F plan for $63. What do I need to do to get your opinion on this?

When do we have to start to pay the deductible. Am i going to pay my deductible by 2022 as i start to see my Dr?

is a plan g HD,the same price at 69 as 66?...thanks

I live in Connecticut. Thinking about Pla G high deductible. I'm 65. Very healthy. What's a good insurance company to use? I only have part A now. Soon to sigh up for part B. I was covered under a comprehensive health plan at my place of employment. I Left there in January. I have until March 31st to get plan B.

When you sign us in not only help us with the application, you get paid. Not saying it’s a negative just the truth.

the only think I know is that the plan I have is either a orb I tend to believe that I have plan b. I know thAt the company from S. Pay for part of the quote.

I live in Illinois; is that an Issue Age state?

I'm turning 70 in December 2023 and will be retiring in Jan 2024 and enrolling in Medicare, since I was eligible for Medicare prior to 2020 is plan F still available to me?

who is your favorite insurance company?

If the deductible goes up with inflation wouldn't that stabilize the the premium cost?

My cynicism is showing but this just gets worse and worse. I figure they can send me a bill. I might pay it but probably not. You cannot get blood out of a turnip.

Why would you select a high deductible F or G vs a regular F or G?

A lot of things are a gamble. That includes how you manage you retirement funds after retirement. I think you are gambling actually on whether you will spend nights in the hospital. Depending on your health history, might go 10 years before that happens depending on your health. Again, if lightning strikes you early, well may not reap the savings over time you expected. I do not think there is an absolute yes or no if you are aware of your risks.

They can't enroll themselves. The only companies I know where someone else has to enroll you is either AARP or Mutual of Omaha.

Are you calling an advantage plan a high deductible supplement plan? And are you a captive agent?

What's the name of the company I'm 63

What about plan F what I have

Okay, but why not show us several retirement scenarios in a spreadsheet? Compare the healthy 65yo who needs zero hospitalization until he is 75 vs. the unhealthy 65yo who needs a week of hospitalization every year.

Name the company.

Never heard of plan M?

Zzz amor mío, No se No se Que te platicaba en el otro mensaje

Please do not make any decision about Medicare.

But then, nobody responds to questions. This video means nothing to me. I am 74. On wife's creditable employer plan. I have only plan A now. Moving to Indiana in the spring. Health insurance ends in March. I want plan F and hearing.

Why should old people be able to get inexpensive healthcare and not younger Americans?

Should have told us on beginning you were not going to give us name of company. Will never do business with someone who is misleading!

Federal government sets premiums, Dr.'s fees, who and what is covered? This is socialized medicine. Greedy old people love it!

Beware, things aren't always the way they appear! Notice how the gentleman is very nice and says he just wants to help. He says just call if you have any questions. I called their number and said that I was interested in part D, immediately, the agent Beth became very rude. I don't think I have ever spoken to that level of a b-t-h in my life and I'm no spring chicken. She said we don't answer questions from non customers. I said the reason I am calling is to potentially be a customer. She then rudely said this conversation is over and before she hung up I said "so you don't sell Part D", she said I could self enroll but they only sell the more expensive suppliment and that she didn't make money talking to me so the conversation is over. I said "I'm going to tell people on Social media how rude you people are". She laughed and said "I don't care, go ahead" and hung up the phone on me. First of all, I didn't care if she answered my questions or not. I was trying to figure out what business they are in, in other words what they sold? Did you notice how in the videos, the gentleman constantly tries to sell you on the advantage of suppliment insurance and criticizes all other forms of insurance? That is what they sell, only suppliment insurance. As she said, if she isn't selling that, she isn't making money and if she isn't making money from you, you are as worthless to them as used toilet paper. So what does this mean to you? First of all, I wouldn't suggest trusting the bias opinions in these videos of suppliment insurance. Secondly, if only money is motivating these sales people and not even basic humanity or kindness, do you really think they are going to not put their profit over what is in your best interest? This gentleman mentions that you are not charged for their service, that the companies pay them. I use to be in a similar agency business and what he said is not exactly true. It's true that you don't have to pay his agency but the companies that use agencies have to pay these agencies tons of money and that money doesn't grow on trees. They obtain this money by charging their customers higher fees, and are usually or always going to charge you higher fees than companies that don't have this overhead. He claims he only specifically selects companies that are in your best interest because he is such a caring person. The truth is that he only uses companies that are willing to hire his agency. If you use his agency, not only are you likely getting the most expensive plans, but you are getting a small sample of the options available to you because not all companies use expensive agencies to sell their product and not all companies that do, use this particular agency. Unless you want to make what will likely be a very expensive mistake, I would suggest going to the government website and seeing ALL the availability plans and speak to the government representatives for questions instead of through an agency that wants to direct you in the path that makes them the most profit instead of what is in your best interest. She didn't have to be so very rude. This just shows the type of people you are dealing with. Her attitude opened my eyes and saved me from making a costly mistake. After I had time to think about the attitude of this person, it got me thinking about the big picture. The most predatory sales people make their money on senior citizens. Could that be the reason for her attitude? It wasn't just her rudeness, but her arrogance. I'm obviously a senior citizen like most of you that have watched these videos. We senior citizens are suckers for our impressions to the point where we emotional tend to place more focus on how we judge the messenger than the specifics and complexities of the message. I remember when my mother had just retired in her 60s and I was in my 30s. I recommended a stock broker to her. After I introduced him, he started pushing her toward risky investments that were dangerous to her but made him a lot of commission, products he knew I would never purchase. I was shocked and had multiple conversations with her about why she needed to stop dealing with him. All she said was how nice he was and kept losing her savings. Everyday he kept trying to sell her more junk and finally I had to take matters in my own hands and protect her. I called him up and said that if he contacted my mother again, I was going to file a complaint with the SCC (selling risky investments to the inexperienced), so he stopped. I then compensated her for her losses since I recommended him. I'm now a little like her like most are when they get older. These people know what works with us old folks. They have a personality on these videos that is so nice and warm natured. He seems like a saint the way he talks as such a caring soul, often commenting that he is there to inform, to help, and not make money from us. He speaks about how he does not monetize his videos and just wants to send us in the right direction and in one video he just about went into academy award winning tears about how he saved a man so much money that he can now afford to see his grand kids. This sort of tactic of "saint salesman" from heaven would make a wise younger person even more suspicious, even angry, but us senior citizens are suckers for this. This guy has sold most of us up front, that's the objective, blinding us to the vultures that are laying in wait. Just deal with neutral parties, stay away from salesmen. You can call the government representatives a thousand times and ask questions if you like, you don't need these people. There are plenty of suckers they can make money from, try not to let it be you.