While this is an old video it is still very informational. I am a Plan N participant and have been for four years. I can pay a couple of deductibles a month if needed from the savings on my Plan N premium. One note though, the Part B deductible is increased from the amount quoted here. Not sure exactly how much now but a little over $200 I think. Still very good information here. I do believe that a Medigap broker is the way to go as they can check rates of many companies and don't just push one company on you. Thanks for the informative video.
My wife and I just switched carriers and moved from Plan F and rolled the dice and picked Plan N. Big difference in premiums between the previous and new carrier. We are betting on what you mentioned, that rate increases will be lower for Plan N then G. Something else to keep in mind you can switch Medicare supplement plans whenever you want but will need to undergo medical underwriting. Not a problem if you are healthy but could limit your choices later on so pick a plan with an eye to the future.
Tom Schmidt thank you for watching. Sounds like you have made a good move. If you ever need any assistance or would like to compare plans in the future please feel free to give us a call!
For some reason I am being quoted a higher price for plan N than plan G. It’s doesn’t make sense to me since with plan N you are getting less coverage and accepting more of a burden in your medical costs. The difference is $20 per month but the anticipated higher price increases for plan G might give me more savings in the long run ???
If I have an emergency like a heart attack and the emergency room doctor doesn’t accept Medicare assignment. What happens. You can’t exactly be picky in that situation.
Thank you for your explanations on the different plans. I am 68 and loosing my private medical ins. Thus fore am having to go on plan B. I have read and researched a lot and feel my brain has turned to mush. I am diabetic with several prescriptions. I am on disability with a fixed income that doesn’t allow much for “discretionary” spending. Finding a supplement plan that can fit into my budget has been incredibly confusing.
Thank you for the video. I will be turning 65 in Nov. 2022. I'm from Wilmington, NC. It appears Plan N is better suited for me. I go to the doctor 3-5 times a year max. What is the estimated price adder $ to go from Plan N to Plan G. The small co-pays are not a concern. Also, is Plan D (prescription plan) better than perhaps using GoodRx or equivalent for purchasing prescription drugs. Thank you in advance!
Hi, David. My spouse and I both turn 65 this year, too, and this topic has been a matter of concern for both us us this year. One detail we learned is that even if you take zero prescriptions like us, it is better to get into a Part D plan now while you are very healthy. Delaying entering 'the system' means higher premiums later on when you will more likely need a prescription. In future years, it seems to be fairly easy to go to another Part D provider if the one you choose now does not offer good service or price on your particular medication. (One of us chose Plan N and one of us is considering a high deductible Plan G Medigap policy.) Also, check out Boomer Benefits and Senior Savings Network on youtube for others who discuss this topic. Hope this helps.
Stephanie, I wonder if you have a video that explains the difference between an Advantage Plan vs Supplement Plan. Bravo, you've done such a wonderful job. Thank you.
Medicare assignment may he rare last year but what is the likelihood that won't change? I have "N" but I shiver at being shuffled to a provider I have no choices in care from. A emergency room visit in my city guarantees a walletectomy!
Robert L. Fallin yes with Plan N there is an element of unknown when it comes to the future of excess charges. For some folks that is a reason they prefer Plan G. Others like to bet on their overall savings on Plan N premiums over time. No one Plan is “right” for everyone. Thank you so much for watching!
I'm sorry I discovered your channel after 12/7 deadline, but I will definitely use your service next year. I was lulled into an Advantage plan. In afterthought The medigap plans seem more secure in the long run of retirement.
m t there is actually a Medicare Advantage DIS- enrollment period that happens from Jan. 1st - March 31st each year, so it’s not too late to leave your Advantage Plan for 2020. Give me a call at 888-465-9728. And thanks for watching!
Also if this is your very first time enrolled in any Medicare advantage plan, you have a 12 month trial period, before which you can secure a medigap and Part D and drop your MA plan. I’d do it by the 11th month to be assured I met the timeframe.
This video helps to explain more - th-cam.com/video/6EDXHe2IKXw/w-d-xo.html I would be careful when choosing a Medicare Advantage Plan specifically for its dental/vision or hearing benefits, as these benefits can change annually. Feel free to call us with questions! 888-465-9728
About Plan C; remember that you get what you pay for and plan C is usually very cheap or 'free'! Meaning that when you need financial assistance to pay those medical bills, very little or none may be forthcoming!
So clear and so informative. I've learned a lot just watching your video. I finally switched to plan N because plan F was getting too expensive though I most certainly like plan F the best. But I've been very happy with plan N since I don't visit the doctor that much.
I became eligible for Medicare the last year F was available and thought about getting it, but then realized that the difference in premiums over the course of the year was way more than the Part B deductible! Only made sense to go with G! My only fear is that in a few years they will do away with G as well. Just seems that Congress wants seniors to pay more and more. That's why I don't want high deductible. Because I don't ever want to be in a position where I don't go to the doctor because I don't want to spend the deductible! I was in that position when working. I was always checking the calendar before I would go to the doctor. If it was October, November or December I wouldn't go because I didn't want to spend my deductible that late in the year and have it kick right back in in January. I would hold out until January! Ridiculous! Don't ever want to be in that position again!
Thank you for this video. Question is medicare Part B taken out monthly? Would that be 144 dollars a month? We're in Calif. And would part G cover that.? Or is there a annual 189 charge for G plus monthly charge for B.
Thank you, this was so informative. I live in Ohio and my plan G is going up by leaps and bounds. Plan N is sounding like it could be an option? I'm 72 yrs old and frankly, I can't afford these large increases I'm getting. I will call you, I'd like to know more. Thx again
I'd be happy to help. In OH Plan N is usually a much better option than Plan G sinces it's an MOM state. I'd be happy to run quotes for you. What is your zip code? You can also call us at 888-465-9728!
Thank you so much for your clarity. Trying to help mom possibly switch from plan F, due to continual rate increases. Your videos are so helpful! So there is no cost to get quotes from you, if not, how do you make a profit?
Thanks for watching! Yes, my service is 100% free. I get paid a commission directly from the insurance carrier - kind of like a 'finders fee' - when we help folks enroll. But there is never any additional charges or fees for you when you use a broker. This video I did helps explain in more depth: th-cam.com/video/DBwUb_QfaB0/w-d-xo.html
I am retired and collecting SS. I enrolled on Part A only on 65th birthday (3/2020) and have been on my wife's insurance (company over 20 employees) for about 8 years. I now wany to enroll and Part B and buy Parts D and G. When is the enrollment period using the SEP rule? I would like to start the full Medicare program within the next 3 months if possible. Thanks for your help.
This would be all easiest explained by phone or email. 888-465-9728 or stephanie@abtinsuranceagency.com. Send me your info and I can give you all the information you will need! 🙂
Thank you for the video explaining Plan G and plan N. It seems to me that for only $25 a month more that Plan G would be the best plan to go to. If you go to see a doctor or specialist at least once a month, plan G will pay be more cost effective. So is my understanding correct that after you pay the plan G deductible, you have no further medical charges for the year? Even if you go to physical therapy and see a chiropractor regularly?
It depends on your zip code and age. For example, in the Atlanta area, rates for a 65 year old male for Plan G start at approx. $125/month, while Plan N rates start at approx. $100/month. If you'd like to provide your age and zip code we can send you some more comprehensive rate quotes as well!
It depends on your area, and your age. Please reach out to me at 888-465-9728 or email stephanie@abtinsuranceagency.com and I can provide more specific rate quotes.
Hi Stephanie, thanks for your information. I am going to retire soon and do not know the price of medicare ofsupplemental coverage for part G and N in California. Do you know ? Thanks. I may call you soon.
In most cases you'll have to answer health questions to switch from one insurance company's Plan N to another, except in certain states. It's important to choose an insurance carrier with strong financial backing and low rate increase history to help minimize your risk.
Trying to call you guys but keeps going on voicemail. Needed quotes for some supplement plans. I don’t have a callback number so looking to speak to someone right away rather than leaving a voicemail.
Thank you very much for the information. Just wonder if I select Plan N at 65 enrollment and after few years I like to change to Plan G, is there any underwriting charge (or penalty’s) involving? Thanks
Jim, it will really depend on your specific situation. Please feel free to give me a call at 888-465-9728 and I'd be happy to explain your options in more depth, including the pros and cons!
I currently am in Plan F. I understand that I’m grandfathered in, but will that pool become higher risk as they age and therefore cause those rates to increase faster? If so, should I move to G or N in 2020? Or wait?
David, this is a question I get a lot. I would recommend switching away from Plan F and moving over to Plan G or Plan N soon, if you are able. After 2020, Plan F rates are expected to increase at a much higher percentage as it becomes a closed risk pool Plan. More information on that can be found here: th-cam.com/video/NYtEUrHU2ys/w-d-xo.html - Please feel free to email stephanie@abtinsuranceagency.com, or call me at (888) 465-9728. I'd be happy to get you some free quotes and let you know what it takes to switch your Medigap plan. Thanks for watching!
The way I see it it might depend on your current health. If you rarely go to Dr. then Plan N would work. Seeing Doctors twice a month or more might want Plan G. Is the difference in premium enough to pay for copays ? If premium difference is say $600 dollars a year then you could make 30 doctors visits a year and break even but most don't make 30 visits a year. You have to consider your own situation and do the math. Good luck.
Thank you Stephanie, a good. clear video. I often see plans that have additional initials after them. Could you tell us what something like: UnitedHealthCare uhc/ubh would mean? Thank you again.
Thank you for being such a great source to understand everything about Medicare!!
Mary thank you for watching and commenting! :-)
While this is an old video it is still very informational. I am a Plan N participant and have been for four years. I can pay a couple of deductibles a month if needed from the savings on my Plan N premium. One note though, the Part B deductible is increased from the amount quoted here. Not sure exactly how much now but a little over $200 I think. Still very good information here. I do believe that a Medigap broker is the way to go as they can check rates of many companies and don't just push one company on you. Thanks for the informative video.
Thank you for the information. I’m turning 65 in December so I’m educating myself so I can make the best decision.
Great to hear! We are here when you’re ready to chat and get set up on your Medicare plan! 🙂
This was such a help. Thank you very much. I am turning 65 in 4 months and this answered some important questions.
Bill Lane so glad you found it helpful! Let me know if you ever have questions or need assistance, I’d be happy to help.
My wife and I just switched carriers and moved from Plan F and rolled the dice and picked Plan N. Big difference in premiums between the previous and new carrier. We are betting on what you mentioned, that rate increases will be lower for Plan N then G.
Something else to keep in mind you can switch Medicare supplement plans whenever you want but will need to undergo medical underwriting. Not a problem if you are healthy but could limit your choices later on so pick a plan with an eye to the future.
Tom Schmidt thank you for watching. Sounds like you have made a good move.
If you ever need any assistance or would like to compare plans in the future please feel free to give us a call!
For some reason I am being quoted a higher price for plan N than plan G. It’s doesn’t make sense to me since with plan N you are getting less coverage and accepting more of a burden in your medical costs. The difference is $20 per month but the anticipated higher price increases for plan G might give me more savings in the long run ???
@@sdean4816 I agree higher N premiums seem really strange. I'd try checking with a different insurance agent.
Thank You. It truly is a maze to navigate.
Such a maze!
S.A.- you made it very easy to understand -plans - N -G -Thank You -God Bless
thank you for watching! Please call anytime for free quotes or assistance 888-465-9728 :-)
If I have an emergency like a heart attack and the emergency room doctor doesn’t accept Medicare assignment. What happens. You can’t exactly be picky in that situation.
Great point! There is no guarantee they would accept Medicare Assignment, but it’s rare that doctors don’t.
I have a secondary insurance should I go to supplement plan instead
Thanks Stephanie,
You have a knack for clarity, you should be a journalist.:-)
Donald Cutts thank you!
Thank you for your explanations on the different plans. I am 68 and loosing my private medical ins. Thus fore am having to go on plan B. I have read and researched a lot and feel my brain has turned to mush. I am diabetic with several prescriptions. I am on disability with a fixed income that doesn’t allow much for “discretionary” spending. Finding a supplement plan that can fit into my budget has been incredibly confusing.
Thank you for the video. I will be turning 65 in Nov. 2022. I'm from Wilmington, NC. It appears Plan N is better suited for me. I go to the doctor 3-5 times a year max. What is the estimated price adder $ to go from Plan N to Plan G. The small co-pays are not a concern. Also, is Plan D (prescription plan) better than perhaps using GoodRx or equivalent for purchasing prescription drugs. Thank you in advance!
Hi, David. My spouse and I both turn 65 this year, too, and this topic has been a matter of concern for both us us this year. One detail we learned is that even if you take zero prescriptions like us, it is better to get into a Part D plan now while you are very healthy. Delaying entering 'the system' means higher premiums later on when you will more likely need a prescription. In future years, it seems to be fairly easy to go to another Part D provider if the one you choose now does not offer good service or price on your particular medication. (One of us chose Plan N and one of us is considering a high deductible Plan G Medigap policy.) Also, check out Boomer Benefits and Senior Savings Network on youtube for others who discuss this topic. Hope this helps.
Stephanie, I wonder if you have a video that explains the difference between an Advantage Plan vs Supplement Plan. Bravo, you've done such a wonderful job. Thank you.
Debra Aubut thank you! I have a video that explains just that : th-cam.com/video/EXNLA6j2x0M/w-d-xo.html
Have you covered Plan. F High Deductible?
Yes, we have! Please click the “videos” tab on our channel to learn more! 🙂
Medicare assignment may he rare last year but what is the likelihood that won't change? I have "N" but I shiver at being shuffled to a provider I have no choices in care from. A emergency room visit in my city guarantees a walletectomy!
Robert L. Fallin yes with Plan N there is an element of unknown when it comes to the future of excess charges. For some folks that is a reason they prefer Plan G. Others like to bet on their overall savings on Plan N premiums over time. No one Plan is “right” for everyone. Thank you so much for watching!
I'm sorry I discovered your channel after 12/7 deadline, but I will definitely use your service next year. I was lulled into an Advantage plan. In afterthought The medigap plans seem more secure in the long run of retirement.
m t there is actually a Medicare Advantage DIS- enrollment period that happens from Jan. 1st - March 31st each year, so it’s not too late to leave your Advantage Plan for 2020. Give me a call at 888-465-9728. And thanks for watching!
Also if this is your very first time enrolled in any Medicare advantage plan, you have a 12 month trial period, before which you can secure a medigap and Part D and drop your MA plan. I’d do it by the 11th month to be assured I met the timeframe.
Your videos are very informative. Thanks so much.
I'm so glad you find them helpful!
Appreciate your videos Stephanie, how does plan N stack up against advantage plans? I'm concerned about planning for dentistry, hearing and vision
This video helps to explain more - th-cam.com/video/6EDXHe2IKXw/w-d-xo.html
I would be careful when choosing a Medicare Advantage Plan specifically for its dental/vision or hearing benefits, as these benefits can change annually. Feel free to call us with questions! 888-465-9728
About Plan C; remember that you get what you pay for and plan C is usually very cheap or 'free'! Meaning that when you need financial assistance to pay those medical bills, very little or none may be forthcoming!
So clear and so informative. I've learned a lot just watching your video. I finally switched to plan N because plan F was getting too expensive though I most certainly like plan F the best. But I've been very happy with plan N since I don't visit the doctor that much.
Plan N is a great value!
Very informative, I learned a lot
Very well explained...
Very nice animations , pleasant to watch!
robert dunlap thank you for the feedback!
The deductsble is $204 2021
I have Plan F, my husband has Plan N. We are 78 years old and have only our Social Security to live on. Should we both switch to Plan G?
It’s definitely worth considering. Call us at 888-465-9728 for free quotes and information!
I became eligible for Medicare the last year F was available and thought about getting it, but then realized that the difference in premiums over the course of the year was way more than the Part B deductible! Only made sense to go with G! My only fear is that in a few years they will do away with G as well. Just seems that Congress wants seniors to pay more and more. That's why I don't want high deductible. Because I don't ever want to be in a position where I don't go to the doctor because I don't want to spend the deductible! I was in that position when working. I was always checking the calendar before I would go to the doctor. If it was October, November or December I wouldn't go because I didn't want to spend my deductible that late in the year and have it kick right back in in January. I would hold out until January! Ridiculous! Don't ever want to be in that position again!
Deafie here, enable auto generated captions for your videos.
My apologies, I thought they were on for this video but I guess not! You should be able to see them now :-)
Thank you for this video. Question is medicare Part B taken out monthly? Would that be 144 dollars a month? We're in Calif. And would part G cover that.? Or is there a annual 189 charge for G plus monthly charge for B.
Plan G premiums are in addition to the Medicare Part B premium.
Thank you for detailed information. Very helpful.
I'm so glad you found this video helpful!
Thanks Stephanie you were very clear and extremely helpful. Good ideas about the future of possible rate changes.
Thank you, this was so informative. I live in Ohio and my plan G is going up by leaps and bounds. Plan N is sounding like it could be an option? I'm 72 yrs old and frankly, I can't afford these large increases I'm getting. I will call you, I'd like to know more. Thx again
I'd be happy to help. In OH Plan N is usually a much better option than Plan G sinces it's an MOM state. I'd be happy to run quotes for you. What is your zip code? You can also call us at 888-465-9728!
My zip is 44060. I will call Wednesday.
Thank you
Karen Hurd we look forward to hearing from you!
What is MOM ?
what about " Wing Attack Plan R "....
What are restrictions on switching from N to G currently? I heard you can't .
You can! But in most situations you have to go through medical underwriting.
Thank you very informative!!!☺❤
You are so welcome!
Thank you so much for your clarity. Trying to help mom possibly switch from plan F, due to continual rate increases. Your videos are so helpful! So there is no cost to get quotes from you, if not, how do you make a profit?
Thanks for watching! Yes, my service is 100% free. I get paid a commission directly from the insurance carrier - kind of like a 'finders fee' - when we help folks enroll. But there is never any additional charges or fees for you when you use a broker. This video I did helps explain in more depth: th-cam.com/video/DBwUb_QfaB0/w-d-xo.html
I am retired and collecting SS. I enrolled on Part A only on 65th birthday (3/2020) and have been on my wife's insurance (company over 20 employees) for about 8 years. I now wany to enroll and Part B and buy Parts D and G. When is the enrollment period using the SEP rule? I would like to start the full Medicare program within the next 3 months if possible. Thanks for your help.
This would be all easiest explained by phone or email. 888-465-9728 or stephanie@abtinsuranceagency.com. Send me your info and I can give you all the information you will need! 🙂
it shows a $ sign and says Charges the Medicare-approved amount (so you pay less out-of-pocket)....is that the same thing?
Yes, that means the same thing.
i think my current medical insurance for fep blue is costing me about 300 plus a month.will Medicare cost me more in the long run ?
Thank you for the video explaining Plan G and plan N. It seems to me that for only $25 a month more that Plan G would be the best plan to go to. If you go to see a doctor or specialist at least once a month, plan G will pay be more cost effective. So is my understanding correct that after you pay the plan G deductible, you have no further medical charges for the year? Even if you go to physical therapy and see a chiropractor regularly?
Yes, that is correct!
I think you mean plan b deductible. Plan G has no deductible. High deductible G does have a deductible but G does not.
@@johnsmith-sk1ep Plan G has a yearly deductible (of $226 for 2023) but no co-pays
is Plan N guareenteed like plan G?
No, it is not a guaranteed issue rights plan.
N sounds pretty good if you’re not an individual that goes to doctor regularly…. yet as you get older, hopefully things stay that way
Thanks for sharing. What is the average cost for Plan G and N in Georgia? Thanks
It depends on your zip code and age. For example, in the Atlanta area, rates for a 65 year old male for Plan G start at approx. $125/month, while Plan N rates start at approx. $100/month.
If you'd like to provide your age and zip code we can send you some more comprehensive rate quotes as well!
Abt Insurance Agency hello I sent you an email. Thank you for your reply. George P
George Great! We will be in touch soon with rates for you.
Do G or N will I still get in the doughnut hole or do these supplements cover this??
What are the monthly premium for G verses N?
It depends on your area, and your age. Please reach out to me at 888-465-9728 or email stephanie@abtinsuranceagency.com and I can provide more specific rate quotes.
Hi Stephanie, thanks for your information. I am going to retire soon and do not know the price of medicare ofsupplemental coverage for part G and N in California. Do you know ? Thanks. I may call you soon.
Call us for quotes anytime! 888-465-9728
You are so helpful! Thank you!
Great job, thanks for sharing!
How many Plan N copays would equal the premium difference from Plan N to Plan G?
It depends - pricing varies based on age and area. In many states the price difference Is around $15-$35/month, or about 12 $20 copays per year.
Where is your agency located? Can you do business in Texas
Very helpful information, thank you!
Thank you for watching!
Thank you.
Do any of these plans have foreign travel coverage?
Yes, both Plan G and Plan N offer foreign travel emergency benefits.
Can you switch from N to G if not satisfied
Yes, as long as you can pass through medical underwriting.
Can I switch company with the same plan N if the other company's premium is cheaper without health question?
In most cases you'll have to answer health questions to switch from one insurance company's Plan N to another, except in certain states. It's important to choose an insurance carrier with strong financial backing and low rate increase history to help minimize your risk.
Thanks
What do you think of Aetna Plan N in MD in terms of financial stability and price increase history?
app, what's covered,
Trying to call you guys but keeps going on voicemail. Needed quotes for some supplement plans. I don’t have a callback number so looking to speak to someone right away rather than leaving a voicemail.
Medicare premiums are much too low. Seniors should pay their fair share.
Thank you very much for the information. Just wonder if I select Plan N at 65 enrollment and after few years I like to change to Plan G, is there any underwriting charge (or penalty’s) involving? Thanks
You would typically have to pass through medical underwriting to make the switch, so your approval for the new plan would depend on your health.
Plan G doesn’t have a deductible, correct?
@@rhondasview1230 G has a deductible but no co-pays for doc or ER
Hi Stephanie, is it better and safer to have a Supplement Plan N and Tricare? That way I can go to the VA and also Medicare facilities and doctors??
Jim, it will really depend on your specific situation. Please feel free to give me a call at 888-465-9728 and I'd be happy to explain your options in more depth, including the pros and cons!
i should have kept it simple and just gone to law school. as if a b c and d wer'nt enough.......god help me
I currently am in Plan F. I understand that I’m grandfathered in, but will that pool become higher risk as they age and therefore cause those rates to increase faster? If so, should I move to G or N in 2020? Or wait?
David, this is a question I get a lot. I would recommend switching away from Plan F and moving over to Plan G or Plan N soon, if you are able. After 2020, Plan F rates are expected to increase at a much higher percentage as it becomes a closed risk pool Plan. More information on that can be found here: th-cam.com/video/NYtEUrHU2ys/w-d-xo.html - Please feel free to email stephanie@abtinsuranceagency.com, or call me at (888) 465-9728. I'd be happy to get you some free quotes and let you know what it takes to switch your Medigap plan. Thanks for watching!
What about Plan B?😉
so stupid
Is Plan G or Plan N better for most people?
The way I see it it might depend on your current health. If you rarely go to Dr. then Plan N would work. Seeing Doctors twice a month or more might want Plan G. Is the difference in premium enough to pay for copays ? If premium difference is say $600 dollars a year then you could make 30 doctors visits a year and break even but most don't make 30 visits a year. You have to consider your own situation and do the math. Good luck.
Plan F for me. As long s sim alive, I’ll stick with F.
LMAO WHY NOT HAVE A r t y w this is a joke this GOVERNMENT SUCKS !!!!!!
It is really hard to listen to you because of your attitude and language. It would be hard to buy from you.
Thank you Stephanie, a good. clear video. I often see plans that have additional initials after them. Could you tell us what something like: UnitedHealthCare uhc/ubh would mean? Thank you again.