Plan G downsides - is it really the BEST Medigap plan?

Medicare Specialist - Abt Insurance Agency

Подписаться 110 тыс.

Просмотров 159 тыс.

50% 1

www.abtinsuran... | (888)465-9728 | Medicare Supplement Plan G is often called the Best Medicare Supplement Plan. But Medigap Plan G has it's downsides, and in this video I am reviewing the various downsides to consider when talking about Medicare Supplement Plan G.
*Videos I reference*:
State-specific Medigap rules: • Medicare Supplement Pl...
Plan G versus Plan N: • Medicare Plan G vs Pla...
✅Our site: AbtInsuranceAg... (Secure), or call 888-465-9728 🔔 Subscribe for more free information: / @abtinsuranceagency Free Medicare Quotes: Https://www.abtinsuran...
:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
✅ Best Medicare Supplement Plans in 2024: • The Best Medicare Supp...
✅ How to enroll in Medicare: • Medicare Sign Up | How...
✅ Medicare Advantage Plans Explained: • What is Medicare Advan...
✅ How does Stephanie get paid?: • How Do Medicare Broker...
✅ How to shop for Medicare Advantage Plans: • How to find the right ...
✅ Enrolling in Medicare when you retire - Past age 65: • Working Past Age 65, H...
Please call my office for free, unbiased assistance. We would love the opportunity to help you if we can! #medicare #medicaresupplement #medicareadvantage #medigap #turning65

Опубликовано:

6 окт 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 279

@AbtInsuranceAgency 6 месяцев назад

By no means at ALL is Plan G a *bad* choice for Medicare Supplement. Many of my clients love it! However, some agents will only ever talk about the benefits of this Plan, and never share the downsides, which are important to be aware of.

@cgilleybsw 3 месяца назад

It's a money issue sort of like buying life insurance. Go plan G if you have existing medical conditions. But understand that plan G you are just paying per month what your bills will be. Let's talk about plan N. Why does plan N exist? Because plan G is too expensive for healthy people. It's all about the spreadsheet people. Do your math. My wife and I will both be retired in a few years, If we went with an N plan, within 1.5 years we will have the deductible in our account, not the insurance company's. I'm not giving this as any sort of advice, and I am not criticizing abt in any way. But only the government could screw up a system and make it this complicated.

@patfreeman53 Месяц назад

Because politicians have Cadillac health coverage and don’t have to rely on Social Security, but they continue to direct both. Put them in these programs and guess what…….they would be great and fully funded.

@nanparker1 Месяц назад

Right ? It’s very confusing it sucks

@anthonyscott5134 Месяц назад

I am a brand spanking new Medicare agent/ Broker still getting certified with carriers and preparing for my first educational presentation 9/17/24. Along with going through the carrier specific plan courses I’m following a few of what I’ve determined to be the best Medicare RU-vid channels, which brought me to this first video on this channel. THANK YOU SO MUCH for showing that there are downsides to supplemental plans just as well as Advantage plans! The main takeaway I’ve gleaned from all this info is that we as Medicare Agents and Brokers need to act in a fiduciary manner for our clients and realize that the best type plan for an individual is the one that best suits that person’s specific individual needs! Period! I live my life by the edict of “treat people the way you want to be treated”! So again, thank you so much for this great video! I have just subscribed and look forward to learning more from you!

@KentAndrewLang1967 Месяц назад

Just like any other kind of Ponzi scheme……..err……….insurance plan.

@smkymtnguy33 5 месяцев назад

I was watching many RU-vid videos about Medicare when I came across Stephanie. She was far and away the easiest to understand and follow. So I bought my supplement through her company. This year when the supplement company raised my rates, the Abt agency worked hard to find another company for me. I wholeheartedly suggest everyone watching these videos to use them. You won’t regret it!

@AbtInsuranceAgency 5 месяцев назад

We are delighted to be working with you!

@CarrieWarner-sg4gp 2 месяца назад

Yes,I was lucky to get her too.

@ChristopherWestfall 6 месяцев назад

So glad you're taking the time to speak the truth about Plan G vs. the other plans out there. Thank you for all you do in speaking the truth about the Medicare options seniors have! You're awesome!

@AbtInsuranceAgency 6 месяцев назад

So are you! 😁

@woodwaker1 6 месяцев назад

I just finished watching your state specific video. I live in Missouri, every year our broker reviews plans from all companies that offer Plan G and finds the best value. We went on Medicare with Plan G 7 years ago and have had 4 providers and our rates have only increased a small amount. Very happy with Plan G, with the ability to change every year with no medical underwriting

@Jan96106 4 месяца назад

You must be extremely healthy to be able to switch. Most people are stuck in with the company they originally pick.

@woodwaker1 4 месяца назад

@@Jan96106 Missouri allows you to switch form one plan G to any other during your anniversary month. Mine is June, and I just had a review from my broker and am staying with my current provider, they raised rates by 8%, but they are the lowest cost still

@dwights1464 4 месяца назад

@@Jan96106Missouri has an anniversary rule that allows you to change companies on your part B supplement on your part b anniversary each year without medical underwriting.

@arabicteacher1 4 месяца назад

Which providers have you used and which is your favorite?

@woodwaker1 4 месяца назад

@@arabicteacher1 Transamerica and the current is Elips Life insurance Co. I really like them all, no problems just who ever has the best price. The coverage is mandated by Medicare, so it is the same from one to the other.

@BarryandKaren 6 месяцев назад

This is exactly why I chose Plan N instead of Plan G. Thanks for confirming my thoughts process on this.

@Newlinjim 6 месяцев назад

What was the difference in your premium?

@brads2330 6 месяцев назад

@@Newlinjim$70.00 a month in Mn. BCBS.

@BarryandKaren 6 месяцев назад

@@Newlinjim $45/month now, but that difference will grow each year as Plan G rate increases will be higher than Plan N rate increases.

@Newlinjim 6 месяцев назад

@@BarryandKaren thank you!

@robertgerber2533 5 месяцев назад

It all depends on how healthy you are and how unhealthy you might become

@d.a3446 6 месяцев назад

Appreciate the information and efforts to steer folks toward the best plan providers. Feels like it’s a gamble no matter how much research one does!!

@AbtInsuranceAgency 6 месяцев назад

I hope you found it helpful!

@dougzirkle5951 6 месяцев назад

Thank you for this update, Stephanie! And thank you for helping Grace & I with our supplemental plans…they’re working great!

@AbtInsuranceAgency 6 месяцев назад

Wonderful!

@hartzogLovesScience 28 дней назад

Your point 3 is true for any agent, health care, financial, etc.

@malinhead322 6 месяцев назад

Plan G is fine, but the rates will increase on a faster track than Plan N. And if you are lucky enough to make it into your 80s or 90s, you also want to be able to absorb those rate increases as we age. Plan N is fine too - it's just a little more cost sharing under Part B, but your rate increases over time will be less which is good for most of us. Just my thoughts.

@dougb8207 4 месяца назад

Thanks for boiling it down. I kind'a thought that's what the point of the video was, that rates may go up faster, but thought maybe I was missnig something.

@danstrunk8828 Месяц назад

As part of the retirement package offered by the company I worked, my wife and I each receive $83.00 a month toward our Medicare supplement so Plan G was an easy choice for us.

@marklkhoran2803 5 месяцев назад

Great video Stephanie. I am very pleased with my plan G. Mark H

@candeffect 6 месяцев назад

I like my HDG plan ($34 in SoCal) for max incentive to stay healthy to avoid the medical industry.

@kathyhines8939 5 дней назад

What is HDG?

@1MinuteFlipDoc День назад

@@kathyhines8939 HDG stands for High-Deductible Plan G. It's a variation of Medicare Supplement Plan G. Key Features: Higher deductible: Typically ranges from $2,000 to $5,000 annually. Lower premiums: Compared to standard Plan G. Same benefits as Plan G: Except for the higher deductible. How HDG Works: You pay the deductible first. Once met, Plan G benefits kick in. You'll still pay Part B coinsurance (20% of Medicare-approved amounts). Pros: Lower premiums. Potential cost savings for healthy individuals. Cons: Higher out-of-pocket costs due to deductible. May not be suitable for those with frequent medical expenses. Eligibility: HDG is available to anyone eligible for Medicare Supplement Plan G.

@orscrub3161 5 месяцев назад

i don’t understand , this is ALL a mess! why not just cover it all and STOP all this plan B, C, and D crap???

@qstrian 5 месяцев назад

Because you have no financial incentive to understand?

@orscrub3161 5 месяцев назад

@@qstrian ……..what’s your point?

@anniesshenanigans3815 4 месяца назад

I agree !!! Sick of this confusing mess

@orscrub3161 4 месяца назад

@@qstrian …….for your information, i’m not eligible yet. i’m trying to understand BEFORE i am. what’s your problem?

@billjones4986 4 месяца назад

Good luck on that!

@darrellsephus5378 6 месяцев назад

Cost effective? So I pay $161 for part B. $171 for plan G and $155 for Part D monthly. I also pay some costs for certain meds. And I pay additional costs when Medicare doesn't cover a specialist visit. And the costs go up every year. Fortunately I can afford this but most people who just received SSi can't.

@gbmwaz 6 месяцев назад

Amen to that - my plan F alone has gone from $130mo to $300mo from age 65 to 73 i.e. 8 yrs.. They have paid out very little so far,,,,,,rip-off

@alansach8437 6 месяцев назад

$155.00 for D! My D is .50 a month!

@barreloffun10 6 месяцев назад

@@gbmwazSee if you can switch from Plan F to a G or N.

@iluvmoney6767 6 месяцев назад

Yet the USA can send $100+ billion to Ukraine, Israel, and Taiwan. Nice.

@tomrobertson3236 6 месяцев назад

F is no longer offered With no low cost new enrollees the cost will go up Recommend if your healthy to switch

@kurtglinsmann9675 5 месяцев назад

My sister has plan N and it went up a lot this year on her. I pay less on G then she does on Plan N

@jeffs3627 3 месяца назад

Does she live in the same area?

@WhiteRosez007 4 месяца назад

This is really good to know. Plans C and F are no longer option choices for those new to Medicare if not 65 before Jan 2020. This leaves plan G as the only option that is the most comprehensive garenteed issue choice. So now all others requires underwriting if you want to get off G later with lesser benefits.... bummer. ...oh well

@iluvmoney6767 6 месяцев назад

There was another video put out by another broker who showed that 25 years out ( beyond age 65 to age 90); the additional cost in premiums of Plan G over Plan N might be $ 25,000 more over that 25 year period for a married couple. This is what people do not think about. They only look at the potential ( and unlikely) excess charges for Plan N or the up to $20 copays. But over many years after age 65.....the increase in premiums of Plan G far exceed those charges for plan N.

@joyceesparza896 4 месяца назад

Luckily I in California. We have the birthday rule which we can change insurers from your current Plan or change to a lower Plan supplement without any Medical Care Underwriting. Unfortunately we are still under a very large international company medical plan where we pay a good premium for 2 of us it's a PPO however deductible is 6k and out of pocket max is 7500 individual. So last year with all included we paid 20k in medical, and this year between frozen shoulder physical therapy and kidney stone issues already went over deductible. Also our company sponsored insurance plan, which is like a ke an Advantage Plan came to just one day of not contracting with UCSF one of the best hospitals in our area. Hearing Hunana and UHC Advantage Plans are having problems like that too. Also, concierge services are now attracting 1 out of 10 doctors and if you are rich you can afford them. Medicare and health insurance companies won't pay the. Bottom line Healthcare in America is not run well

@TyroneSettles 5 месяцев назад

Thank you for such a detailed explanation of Plan G!

@dq7143 4 месяца назад

The biggest advantage to having plan G is that you're covered financially if you experience a catastrophic health event.

@cherylgood6478 4 месяца назад

That's exactly why I went with a Plan G.... like I insurance, I hope I never need it for a catastrophic health event, but I'm comfortable knowing I have it should I need it.

@cgilleybsw 4 месяца назад

@@cherylgood6478 based on my in-laws behavior I would argue that "covering everything" is just bad. They are in their mid 80s now, go to doctors CONSTANTLY get new devices CONSTANTLY and really don't give a hoot about the money they are spending because a) I paid into the plan and I deserve it and b) if I don't ever see a bill, I don't care. My FIL freely admits to having no idea what his health care costs are. You think the youngers act like they are entitled?

@cgilleybsw 2 месяца назад

It's not an "advantage", it's a trade off. What makes me crazy about plan G zealots is they don't recognize the THOUSANDS of dollars they pour into the plan. Now, if you have that $$, knock yourself out.

@cgilleybsw 2 месяца назад

meanwhile, it bleeds you at $200+/month. I don't like the fact that most presentations of this catastrophic example of government ineptitude fail to mention this fact. You either pay it now - like an appliance warranty - or you pay it later. TANSTAAFL.

@cgilleybsw 2 месяца назад

It's insurance. Period. If you are okay with paying 150-200/month for the remainder of your life, go for it. But don't ignore the $2k annual commitment as well as the on-going premium increases. My in-laws have a very good G plan. So much so that they simply don't care how many times they go to the doctor. My MIL is stage 5 dementia and legally blind due to a car accident. Doesn't keep her from going to the optometrist, ophthalmologist, neurologist, etc. as often as she demands just burning money.

@jhors7777 6 месяцев назад

Thank you Stephanie, great channel!

@AbtInsuranceAgency 6 месяцев назад

Thank you!

@yacaattwood2421 5 месяцев назад

I have a monoclonal antibody treatment fir metastatic endometrial cancer every four weeks. I see a podiatrist for calluses every 90 days and an orthopedic nurse practitioner for a steroid injection every four months as I can’t have a knee replacement due to the cancer treatment. I also have a CT scan every 4-6 months So, I’m looking at having to pay $20 copays monthly, etc on a Plan N, and Utah does allow excess charges, although, admittedly, they’re rarely charged. I chose a Plan G Supplement from AARP/United Healthcare, as it seemed to me the monthly treatment would negate the savings on Plan N, which is only about $15 less - I’m currently paying $128.60/mo for Plan G. I am dreading this coming July when my plan will be coming up for renewal - I expect some sticker shock

@cgilleybsw 2 месяца назад

Please come back and let us know what happened this month. I'm in the middle of picking all of this stuff.

@yacaattwood2421 2 месяца назад

@@cgilleybsw Greetings - UHC raised my Plan G $20 on July 1, 2024. Now I’m paying : $174.70 for Medicare Part A and B $147.29 for AARP Plan G Supplement $0.50 for WellCare Drug Plan $49.47 for UHC Dental/Vision Plan $371.96 for Medical/Dental/Vision/Prescription This DOES NOT INCLUDE a $3310.89 copay I just paid for lenvatinib (Lenvima); my oncologist has changed my treatment from bevacizumab-maly (billed at $17,000 per infusion every three weeks) to pembrolizumab (Keytruda - billed at approximately $12,000 every three weeks) and Lenvima (a 60 day supply is billed at approximately $25,550) Well, I guess the Mazda3 stays in the garage instead of the Aston Martin DB12 😛

@yacaattwood2421 День назад

My Plan G went up $20 in July 2024, so I’m paying $148.60 My separate dental/vision is $50.40 WellCare informed me that my Part D prescription will be $0 in 2025 instead of the current $0.50. I did pay a $3,310.89 copay for levatinib (Lenvima), so I’m in the Medicare Catastrophic Drug Category now - in 2025, it will be a max of $2000 CANCER is a MAJOR factor in choosing a Medicare plan

@917Stefano 4 месяца назад

Thanks Stephanie, this is very good info to know!

@AbtInsuranceAgency 4 месяца назад

You are so welcome!

@iblou5171 5 месяцев назад

CA has supplement open enrollment on your birthday with out any medical under writring

@paulstein916 4 месяца назад

The California Medigap Birthday Rule does have restrictions. You can only switch to a plan with equal or lesser benefits than the plan you are currently on, if you want to switch without going through underwriting.

@akita96th 18 дней назад

I have been on plan G for 8 years I have heart problems and type II diabetis and I say Yes Plan G is the best option out there. If I was on an Advantage plan I would be dead.

@georgegravette1132 3 дня назад

The only problem I've had with my Plan G is the provider ALWAYS calling me back to tell me they're not in my Plan G company's "network." I have to explain to THEM that it's a Medicare Supplement plan, not a Medicare Advantage plan, and that it piggybacks on the Medicare A and B plans, regardless of location. They usually straighten it out after a second call to the Plan G company. I get that medical coding and billing is a complicated field, but c'mon.

@mmane257 6 месяцев назад

turning 65 this november. i will choose the N plan in my state. i just don’t know what the cost will be each month.

@AbtInsuranceAgency 6 месяцев назад

We can help! 888-465-9728 😊

@rs4425 37 минут назад

Most people can't afford a supplement. Yet, they will get health care. Does the clinic absorb the 20% portion of Part B? If so, why are we paying more each year for a "supplement"? Thanks.

@paulclark4891 6 месяцев назад

My wife and I went with Plan N, glad we did now that we are seeing the increases on some Gs are much more than N. Also some companies are closing admittance to their G plans so this will cause increases to these plans due to no new younger retirees coming in.

@barreloffun10 6 месяцев назад

With regard to closing plans, I think you have confused Plan G with Plan F. I would be very shocked if a company closed their Plan G. Can you say which companies are doing this?

@paulclark4891 6 месяцев назад

@@barreloffun10 Nope, not confused, there are G plans that are no longer taking new customers, it's true. Google it.

@paulclark4891 6 месяцев назад

@@barreloffun10 I got that info from another broker I follow, and the 2 or 3 he referenced were some I had never heard of before, one was fireman's something but something to be aware of that can happen.

@busygal1959 5 месяцев назад

Plan F is the one being discontinued. Participants in the group are still covered but they aren't accepting new enrollments. Plan G is going strong. So that people are NOT misinformed can you please share which companies are discontinuing their G plans? I do know many are closing their Advantage Plans because doctors and hospitals aren't getting paid by the companies, and there is legal action being taken against some of the Advantage Plans - I don't know which ones exactly. I know that private insurance is not offering plan G because they don't want to. For example, I can not find a Plan G for UPMC - the big and famous hospital in Pittsburgh PA, they have 10 different Advantage type plans, but I'm not seeing a Medigap plan for them. I am thinking the reason for this is UPMC is a regional hospital that provides insurance for their hospital. PLAN G is strong and not being discontinued.

@BAMtastico 11 дней назад

Turning 66 later this year in Texas and analyzing the options. The issue with Plan G is that it excludes prescriptions, dental and vision. The monthly premium for those three can be around $150 per month. Plan G averages $200 but increases to almost $400 by age 85, All in all, Medicare + Plan G +Part D+dental+ vision add up to around $550 per month, close to $6,800 per year. On the other hand. there are several Medicare Advantage plans with no premium, prescription, dental, and vision included and a MOOP of $6,000.

@AbtInsuranceAgency 6 дней назад

There is a lot to consider!

@jimfields9217 6 месяцев назад

My Dad has a G plain, he has had colon cancer prostrate cancer and some other small problems. His wife chose the Advantage she also had cancer, osteoporosis and a broken hip, if they both had a advantage plan the cost of there medical problems would have been finically devastating!! Seniors need good coverage that they can afford . When your OLD that’s when you get health problems. It should be against the law to sell advantage plans but so many find out to late. However G plans are getting to expensive ! However if something is wrong with you it can keep you out of the Poorhouse. It’s all a catch 22

@stormyweather2807 6 месяцев назад

A National PPO Advantage plan will cover much more than a free/low cost advantage plan, so it depends on which you choose. They are different, just like medigap plans are different.

@recoveringsoul755 4 месяца назад

I've been trying to figure out which one to use. Have been convinced AGAINST advantage. And leaning more towards plan N. I saw a side by side comparison with an expensive medical issue and the out of pocket cost was lower on N than G, I'm pretty sure. I think N had a copay, but there's a cap on it or something I'm so sorry about these major burdens. The elderly should not have to worry about this on top of everything else

@jimfields9217 4 месяца назад

@@stormyweather2807 My Dad’s wife has a really good ppo plain provided by the County she worked at compared to free plans it covers more on dental- Vision - Drugs - and some services lower copay However on the bad health care problems it’s business as usual. she has arthritis really bad in her Knees her DR. Wanted to burn the nerves he said that is the only way to really take cart of the problem. But managed care being what it is. They only approved the numbing shots, WHEN THAT DID NOT WORK- they only approved the Gel shots- when that did not work they approved the nerves surgery. That’s hard on a 85 year old woman. Shame on them . Also when she had cancer her ADVANTAGE plan did not approve the shots that keep you from getting sick from CEMO. We paid for them because she tried to do it without the shots but could not-- There is more ! Sorry i disagree!

@ChrisReeves-lg9gc Месяц назад

My advantage plan has a cap on how much you pay out of pocket in any year. So even if you had to pay it, amounts to approx $250 a month broken down, which you would be paying on a supplemental anyway. I think I've maybe paid $400 total for the whole year I've been on it, plus I got OTC medicine, eyeglasses, etc.

@jimfields9217 Месяц назад

Even if advantage plan can be made more affordable, which we know resets Jan 1 - there is a problem with manage care my dads wife who has Advantage Dr wanted to cut the nerves in her knees because of arthritis, her manage care only approved shots did not work long then Gel shots which did not work at all - then she had to wait to get the surgery because of the shots you and I both know with a gap plain she would not suffer like that SORRY ADVANTAGE is not the answer we need affordable gap plains

@michaelhale1666 6 месяцев назад

I’m afraid that some folks may not be taking into consideration what their employment insurance costs were (OOP) prior to Medicare enrollment. For my wife and I, good health will result in less cost OOP than during our work years/COBRA coverage. Yes, premium costs will go up as you age because your risk level also increases, just as it does for auto/homeowner coverage. You get one chance to get this right so do your research!

@busygal1959 5 месяцев назад

Yep - I have the best HC at my work and I never realized what the premimums cost until I looked into COBRA - needless to say, I stayed working one more year. $850 a month was just out of my reach for HC.

@mikedavis7733 16 дней назад

Stephanie what Plan would you recommend A 76 Old Senior? I fool you and I like your videos

@AbtInsuranceAgency 16 дней назад

It depends on where you live, your health and your budget! Call us for free assistance- 888-465-9728 🙂

@MrAxman53 Месяц назад

CMS considers Plan G to be a GI plan, and not plan N. However, the carriers that sell these policies can be more lenient and allow GI business into Plan N. In fact, at least a few of the carriers I sell allow GI business in Plan N. I actually wish they didn't do that so that the Plan N risk pool would benefit.

@bboice08 5 месяцев назад

Plan G sounds like a winner🎉🎉why not thrown it in with basic A and B BUT first dental /vision!!!

@recoveringsoul755 4 месяца назад

In CA anyway, I hear that Delta Dental is one of the bigger dental insurance companies. I'm pretty sure that's what my ex's union had. 2 free teeth cleaning per year. And I think they pd 80% of cavities and stuff

@donnajanecastle4807 2 месяца назад

Plan G sounds like the best plan, so what are the down sides? I didn't catch those unless it is that the rates go up slightly higher than the others. Are there any other downsides? If so I didn't hear them. Thanks!

@delilah1479 Месяц назад

I've had Plan G for a number of years now. Every year, I research costs for Plan G among companies that offer it to find the best price.

@Steve_in_NJ 8 дней назад

The Agent working with me isn't pushing Plan G, but compared it to Plan N and here in NJ, we could be charged "Excess Charges", which is covered by Plan G, NOT by Plan N. So I have to call my doctors (all 9 of them) and ask them about Medicare Excess Charges.

@AbtInsuranceAgency 6 дней назад

You can also check on Medicare.gov to see if those doctors could bill excess charges. It’s very rare.

@joeysocks5718 Месяц назад

Thank you

@EdSexton-uh1bl 6 месяцев назад

Turning 65 in august, looking at plan G, my question after watching many of your videos, if you select a Medigap plan like G and you can not change companies after the grace period, what prevents an insurance company form increasing you premiums a lot, knowing that the person is somewhat locked into the choice they initially made? Seem like a person could be trapped.

@AbtInsuranceAgency 6 месяцев назад

They could be. But rate increases are never on a per-person basis and must be approved by the state department of insurance.

@patrickduty2262 6 месяцев назад

My wife has had Alzheimer's since 2/21 and just became plan G eligible in Nov.2023. She was on a plan C from May 2023 - Nov 2023 and was fortunately able to get on a plan G with no medical underwriting . Our broker advised me to get her an AARP-UHC plan for the rate stabilization it has and so we did. Just got a letter from UHC advising a rate increase starting in Nov. 2024 which I calculated out to be 13.3%. Evidently in medicare world that's a normal increase. In my book that's a ridiculous rate increase percentage. Just sharing this as a beware before you buy a plan G. These so called and so touted by brokers "stable rate plans" may not be as stable as you the plan buyer may be led to believe !!! Due to my wife's Alzheimer's disease, she may very well be stuck with UHC due to needing to go thru medical underwriting to qualify for a cheaper plan. Just be ware folks before you commit to any Medicare or Medigap plan.

@freecycling6687 5 месяцев назад

You can change companies, but if you're not in one of the "special rules" states, you have to go through medical underwriting. But - that's true of ANY medigap plan, not just plan G. One way you're not "trapped" is that if you started Medicare with a medigap plan, you can switch to an Advantage plan for up to 12 months. If you don't like it, you can switch back to the medigap plan you had. No medical underwriting required.

@williamrogers1219 Месяц назад

The more affluent you are, the more likely you may select Plan G as you move health care risk from you to the insurance company and it makes it easy to budget health care costs.

@geraldinefields1730 6 месяцев назад

Thank you.

@rosemarykingpate7832 4 месяца назад

You're still better off with Plan G because it brings peace of mind. Plan N doesn't cover excess Part B charges, which can be a lot if your health suddenly declines. With Plan N, each ER visit and doctor visit requires a co-pay. With the nominally higher premium for Plan G, I plan to cut back on frivolous spending when I retire soon. Your health insurance is priority #1 because, let's face it, your health is everything.

@glennbrown9178 7 дней назад

If a person has serious health issues prior to going on medicare, is it a better choice for G or an advantage plan?

@AbtInsuranceAgency 6 дней назад

Plan G, if it’s in their budget.

@imdcareys 3 месяца назад

My PCP for over 30 years informed me recently that while he does accept Part B, he can only accept an Advantage Plan - not Medigap. His office is still primarily paper driven and they don’t have the means to submit the charges for Medigap. 😳

@dheller777 4 месяца назад

Moved from plan F to G a little over a year ago. Plan F covered everything with no deductible. Wish I had not moved now, but the cost was getting prohibitive. The sad thing is once you leave plan F, you can never go back again.

@AbtInsuranceAgency 4 месяца назад

You can, if you can medically qualify.

@dheller777 4 месяца назад

@AbtInsuranceAgency That's news to me. My insurance advisor told me you only had a short period of time to be a ble to do that and after that small grace period was over that we could not go back. The fact was they are trying to eliminate that group by aging them out and not offering to newcomers.

@AbtInsuranceAgency 4 месяца назад

@@dheller777 anyone who was on Medicare before 2020 still has Plan F available to them! Lots of agents are not fully informed on this.

@dheller777 4 месяца назад

@@AbtInsuranceAgency Thank you. I will look into it.

@Medicareagenttraining 6 месяцев назад

Love it! So true!

@nunyabitnezz2802 3 месяца назад

It sounds like the only downside mentioned in this video is that it costs money (of course) and the price goes up every year (of course), and the benefits might offset all that.

@garyrhode3755 6 месяцев назад

Is Plan G HD still a good value overall compared to Plan G and N? For 2024

@leonardquirino2320 6 месяцев назад

For NY residents PlanG HD is a no brainer. $243 for Plan N vs $72 for G HD

@AbtInsuranceAgency 6 месяцев назад

In some parts of the country it is a good value, while in others Plan N is a much better option.

@Newlinjim 6 месяцев назад

@@AbtInsuranceAgencyif you move after enrolled how is the premium affected?

@teams3345 6 месяцев назад

Plan G is the best.

@tacticaltruth8118 23 дня назад

Question: In an internet search the results stated that there is no cap on out-of-pocket costs for Medigap plans. Unlike Medicare Advantage plans, Medigap plans “do not have a cap on out-of-pocket expenses, which can lead to significant financial burdens for individuals with chronic conditions or frequent medical needs.” Can you comment on situations where there can be significant out of pocket for Medigap Part G that is not seen with Medicare Advantage? Thank you in advance.

@rubygreta1 4 месяца назад

Plan G High Deductible in New York is an absolute no-brainer.

@AbtInsuranceAgency 4 месяца назад

Agreed!

@buffalo_wings8224 4 месяца назад

Could you please expand on why this is true in NY?

@rubygreta1 4 месяца назад

@@buffalo_wings8224 I pay $70/ month for G-HD. Regular G is something like $300/month. So I'm saving $2,760/year. If I have major healthcare expenses, the most I can pay in a calendar year is something like $2,800. You would have to have $14,000+/- in medical expenses to reach that $2,800 (20% deductible). Like I said, a no-brainer.

@sheridanpeil4937 5 месяцев назад

N in my opinion is a hidden gem. It covers what G does minus excess expenses which rare and it doesn’t increase in premiums like G does. On average G increase 4.75% per year. N is much lower.

@busygal1959 5 месяцев назад

how much has N increased?

@sheridanpeil4937 5 месяцев назад

@@busygal1959 On average its about 3% compared to G which jumps about 5-8% depending carrier and state. Some gap plans have jumped 12%

@marthahicks8569 4 месяца назад

Yes, but as healthcare costs rise and insurance minimizes reimbursements to doctors, excess fees could become much more frequent and common in the years to come.

@sheridanpeil4937 4 месяца назад

@@marthahicks8569 Correct, yet if your usage of healthcare is low, Plan N is the way to go. Plan G on average is 40 dollars more a month, with rate increases in premiums on average 5%. That could mean a savings of close to $50 dollars a month $600 a month.

@willieblackwell7889 Месяц назад

Due, to Kidney transplant two years ago. I had to go to plan F

@ZZ-yw5sh 13 дней назад

Plan G wouldn’t cover your kidney problems?

@JudyGerbig 14 дней назад

I am 80 and I have been with Plan F since getting Medicare, my cost is 391 $ this is getting expensive! I don’t know what to do! My guy says to go on Advantage Plan with AARP and United Healthcare, this concerns me! I have numerous things wrong with me, Kidney and Liver disease , high blood pressure, diabetes any other issues! I don’t want to fret the change but not sure which one to get!

@catherineostrom7575 4 месяца назад

How good is Globe Life for a supplement plan?

@AbtInsuranceAgency 4 месяца назад

We would be happy to chat with you about this! 888-465-9728 or email stephanie@abtinsuranceagency.com

@chuck3700 2 месяца назад

Plan G is the best!

@SuZannaSky59 5 месяцев назад

I am looking to have several joint replace surgeries over the next several years. I will be 65 in Oct. What plan would be best for me- plan G or plan N?

@AbtInsuranceAgency 5 месяцев назад

Depends on a few factors - call us at 888-465-9728 for a personalized review!

@dublinbluetune 6 месяцев назад

As long as you don't get sick, all plans are the same, except for the cost.

@teams3345 Месяц назад

I am already receiving social security. I turn 65 in November 2025. When do I start the process and do I face any underwriting in the process for Medicare Part G?

@eeeee3031 Месяц назад

You can start now. 3 months before your birthday month to 3 months after your birthday month, e.g, August is already almost gone. Start sooner than later. Go to the social security website and sign-up to get the ball rolling.

@teams3345 Месяц назад

@@eeeee3031 I turn 65 in 2025 not 2024.

@lulylopez7498 Месяц назад

When selecting a plan at age 65, in January, yet we will most likely move to another area in the same state (different city and zip code) in June. Would i stay in the same plan?

@2023Red 3 месяца назад

Are you available to call to compare ChampVA to Supplement Plan F? I want to cancel F but am very cautious above coverage's. Thanks

@dq7143 4 месяца назад

I get mixed information. I heard somewhere that someone on plan N cannot flip flop to plan G without medical underwriting - or some kind of penalty.

@tombeegeeeye5765 28 дней назад

I live in MA is it one of two available.

@samkitty5894 12 дней назад

Traditional Medicare pays 80% and Medigap covers remaining 20% after the deductible has been met. Yet, monthly premium for Medigap is more than that for Medicare. Logic and common sense imply Medigap monthly premium should be less.

@JohnWilliams-gg8vw 6 месяцев назад

Does your company work with USAA in North Carolina?

@LoriM-n7v 19 дней назад

How do I get plan g? Or any plan? Do I go on like Aetna or united website?

@AbtInsuranceAgency 19 дней назад

Call us!!! 888-465-9728. We help people everyday, shop all the major companies for you and our services are free 🎉

@mobilecommunicationsnetwor5268 6 месяцев назад

If you have A and B currently. Can you sign up for a G or N at age 67, will it cost more that at age 65?

@DickNasty480 6 месяцев назад

In most states, Rates go up every year based on your age- a few states have community based pricing

@AbtInsuranceAgency 6 месяцев назад

You can sign up for a Medigap plan at *any* time, as long as your have Parts A and B. But yes, it may cost more, and you may or may not be eligible based upon your health or the state you live in.

@mobilecommunicationsnetwor5268 6 месяцев назад

@@AbtInsuranceAgency 08054 NJ Good Health\Plant based. Need focus on good long term provider for this area.

@TheK9Shepherd 18 дней назад

What would the underwriters find that would prevent you from changing to it? Mother-in-law, 85yo with Dementia (other then that, healthy as an Ox) We live with and take care of her. So I am curious what their reason could be to not insure her? She's on Plan J and an RX plan now. They've jacked the RX plan from $11 to $48 to now almost $100/mo starting Jan. J plan went from like $250 a few years ago to almost $320. So for a fixed income of SS, that comprised of almost 30% of her income. I plan on moving her to Plan G but was curious if you knew what the RX plan cost? Even with the deductible, this will save her money every year. I hope she doesn't get denied.

@AbtInsuranceAgency 16 дней назад

Dementia is going to be a decline in medical underwriting.

@TheK9Shepherd 16 дней назад

@@AbtInsuranceAgency Thank you. Sounds about right for an insurance company to once again deny coverage. I appreciate your reply !

@baonon2334 4 месяца назад

Ihave dialysis I just got madicare this month Please advise me what plant I choose?

@theeardrafter Месяц назад

My wife and I are moving from Long Island NY to Delaware in Spring of 2025 We are both on "N" but even that in NY is a big nut. Will we have to stay on the NY Plan after we move until Open enrollment in October 2025?

@AbtInsuranceAgency Месяц назад

Moving to a new state is not a “special enrollment period” for Medigap insurance. You will be able to keep your NY plan N forever, no matter where you move. However once you move to DE you may want to shop your Plan N options for a lower rate, as long as you can medically qualify. Call us for help or with questions! 888-465-9728

@theeardrafter Месяц назад

@@AbtInsuranceAgency Are you saying we would have to go to underwriting even if its open enrollment in Delaware? oct 2025?

@AbtInsuranceAgency Месяц назад

@@theeardrafter the annual Fall open enrollment period is for Part D and Part C plans only, not Medigap plans.

@theeardrafter Месяц назад

@@AbtInsuranceAgency Thank you for the education. Great Help. I will contact you when we are ready.

@recoveringsoul755 Месяц назад

Do the premiums for plan G come out of your SS payment?

@ChrisSadowski-pp1np 6 месяцев назад

The most comprehensive, but not best value. Choose N or HDG and don't even consider managed care.

@captainamerica2676 5 месяцев назад

If I purchase a Plan G supplement in AZ, is it the same coverage in all states if I move, or travel, etc? Also, is AARP Humana healthcare Plan G a good choice?

@AbtInsuranceAgency 5 месяцев назад

Yes, coverage is the same across the states! Are you asking about Humana or AARP?

@captainamerica2676 5 месяцев назад

@@AbtInsuranceAgency Primarily about Humana, but yeah, is AARP good to be in that mix, or is there a better path?

@felixgomez9362 5 месяцев назад

I have a supplemental plan G from AARP/United Healthcare in Texas and for a few dollars more premium, you can get the plan with free gym membership called RenewActive. There is a Lifetime Health/Fitness Luxury Resort Style Club near where I live which I joined for FREE! Regular monthly dues at this Health Club are $135 to $165 per month. This Plan G plan from AARP/UHC with the RenewActive program was a no brainer for me, and I can start working out to stay healthy as possible again!

@Mickey-um8vp 21 день назад

Amen ❤

@mickeyransom4069 6 месяцев назад

My wife and I are both on Plan G. We are satisfied with it, and Plan G is the most cost effective for us, unless we want to take risks. I feel this video was too critical of Plan G during the first part of the video. Stephanie did not get to the advantages of Plan G until the end of the video. I have always through her videos were fair and balanced. Not so sure now. Be sure and watch all of the video, not just the first part.

@AbtInsuranceAgency 6 месяцев назад

Thanks for the feedback. We have many many clients that continue to choose Plan G and are very happy with it. I'm glad that you have a plan that is working well for you too!

@randolphh8005 6 месяцев назад

Plan G is the best option in terms of benefits, however it is often NOT the most cost effective. It does have the most predictable costs for coverage, but premiums will continue to increase in the years going forward. It clearly is a good plan for those requiring a lot of services. My wife went with HD-G and I’m likely going with the same, but will look at Plan N. We are both physicians in good health, and in our area Plan G is not cost effective for us, meaning it is expensive. We are happy accepting slightly more risk.

@sarahkiernan139 6 месяцев назад

Is plan N has no downside ?

@5959Mikee 6 месяцев назад

@@sarahkiernan139 Will not pay the extra fee a Specialist can charge at his discretion. This can be enormous these days as some have no shame and are so greedy.

@randolphh8005 6 месяцев назад

@@sarahkiernan139 plan N can require up to a $20 copay for an office visit, and $50 for an ER visit, with no limits. So if you get seen a bunch in a medical office, you will have a bunch of copays. If not you won’t.

@customsailingltd 5 месяцев назад

If you move to another state with a lower premium does it change with your move? For expample, Florida is much higher than TX. If i relocate to TX does my premium change? Thanks

@AbtInsuranceAgency 5 месяцев назад

This is dependent upon the company you choose and the plan subsidiaries they offer in the new state!

@billmonroe8826 5 месяцев назад

Where are you located?

@krefcenz 6 месяцев назад

I'm 64, a federal employee. Will work past 65, probably to 68. I have FEHB. Should enroll in Medicare Part A next year even though I'm working?

@AbtInsuranceAgency 6 месяцев назад

You can delay as long as you are still working with creditable employer health coverage!

@krefcenz 6 месяцев назад

@@AbtInsuranceAgency Thank you

@alicewilliams7129 4 месяца назад

@@AbtInsuranceAgency I was under impression that a person who turned 65 must take Part A even if he/she is still working. It is Part B you can delay until you retire. Isn't this how it works? What am I missing?

@billjones4986 3 месяца назад

Hmmmm i thought all you had to worry about is the small part b deductible,guess I was wrong.oh well.my mother has I belive part f,that I can’t get think you have to be born before a certin age.she never gets a bill in the mail from Medicare.

@cherylmcnutt9905 2 месяца назад

Yes, Plan G is the best plan. There is no other plan that offers more.

@ChrisSadowski-pp1np Месяц назад

It's not the best value though. You'll have higher increases over time versus plan N. HDG is a great value. The $2,800 limit is half of what many advantage plans are a year.

@namle198818 5 месяцев назад

What if i already paid my 240$ medicare part B deductable for the year before enrolling in plan g. Do i have to pay plan g deductable again?

@AbtInsuranceAgency 5 месяцев назад

No! If you paid the part B deductible already then that carries over.

@jeromes58 6 месяцев назад

Nothing in this video would change my decision to choose plan G. The rate increase would have to be 10x before it would get close to my out of pocket cost for high deductible health insurance before getting on Medicare, and my health was good. It’s funny how all you Medicare Experts are putting out plan G bashing videos right now.

@AbtInsuranceAgency 6 месяцев назад

I am by no means bashing Plan G! I think it's a great option for many, and a very large percentage of my clients choose Plan G. I only aim to educate about the potential downsides of this Plan, since some brokers will only ever sell Plan G.

@jeffro221 2 месяца назад

I have noticed that also. For some reason, lots of brokers are now downing Plan G. Must be a financial incentive for them somehow.

@robertbelar5341 2 месяца назад

Tricare will be my supp.

@shiannecouch4844 4 месяца назад

Are people with Medicare parts A,B and D required to purchase a medigap plan such as N or G if they can't afford the monthly premiums?

@AbtInsuranceAgency 4 месяца назад

No, Medigap is not required!

@user-nx5yg6vv3o 6 месяцев назад

Do you have an idea of how much Plan G rates for say Cigna, have gone up over say the last 10 years?

@g0989 6 месяцев назад

Cigna recently announced they were exiting the Medicare business, selling it to Health Care Service Corporation. This could be bad news for existing Cigna Medicare Supplement enrollees, as they could become "trapped" in their existing Cigna Supplement with what would become a closed risk pool, if they are unable to pass underwriting to switch to a different Supplement. Closed risk pools will often result in major premium increases in ensuing years. You may want to consider switching to a different Supplement, if you can pass underwriting now.

@DickNasty480 6 месяцев назад

Since Covid, rates have gone up much higher on Supplemental plans and it depends on the carrier and state- but I would say 6% to 10% is a good average now.

@AbtInsuranceAgency 6 месяцев назад

We would be happy to share more specific information on this data -- please call or email us! (888) 465-9728 or stephanie@abtinsuranceagency.com

@maxs9742 5 месяцев назад

You need to do a video on the downsides of Medicare Advantage plan.That's not scary it's horrifying.

@AbtInsuranceAgency 5 месяцев назад

I have done several!

@hartzogLovesScience 28 дней назад

If you make any change in Medicare, you could go through a physical and strict scrutiny. It’s not just for plan G

@tw5315 6 месяцев назад

Are you licensed in Oregon?

@AbtInsuranceAgency 5 месяцев назад

yes!

@williamhickstein685 5 месяцев назад

I asked my supplement insurance agent to find a better Medicine plan. She switched me to a Advantage Aetna plan without explaining anything to me. Now I have both. How do I get off the Advantage Plan and go back to Regular Medicare Plan and a supplement plan?

@AbtInsuranceAgency 5 месяцев назад

Uh oh. You should NOT have both. If you have been continuing to pay your Medicare Supplement plan payments then your policy is still active (but not usable until you cancel your Advantage plan). Feel free to email us at stephanie@abtinsuranceagency.com or call 1-800-MEDICARE for more guidance!

@robertgerber2533 5 месяцев назад

You’ve been taken

@williamhickstein685 5 месяцев назад

@@AbtInsuranceAgency My agent did not explain that she was putting me in an Advantage Plan.

@AbtInsuranceAgency 5 месяцев назад

@@williamhickstein685 wow. Thats disheartening and infuriating

@williamhickstein685 5 месяцев назад

I found about the switch in Wisconsin, trying to fill a prescription and the Walgreens said my insurance would not pay because they did not have a agreement with Wisconsin. I live in Illinois.

@LonnHoffman-kw8wz Месяц назад

And just how much more secret fees will this cost the American public?

@DeneenIsakson-y2l 19 дней назад

Domenic Light

@rahulbisht8253 5 месяцев назад

Hi Could you help me to get the direct Contact number of representative for BCBS IL PPO , as I am from providers offices and it is hard to connect to representatives for the CLM status or Clarification on denial also for appeal. And if you can guide me. So it will really helpful.❤

@trig33kgirl 2 месяца назад

The whole idea of brokers in healthcare who get a kickback and therefore has a bias is just maddening to me why can't we just have universal healthcare in the us?

@donhgr 5 месяцев назад

If your plan N for some reason goes away what happens ? Are you guaranteed to pick a new N or even a G but really I want to know can you get another N without having to quality in that scenario

@AbtInsuranceAgency 4 месяца назад

In the highly unlikely event that your insurance company can no longer offer you your Plan N any longer, you would have a “guarantee issue right” to purchase Plan G with another company.