I have a new video on Plan N you should see. It is a counter to the gross misinformation spread in other TH-cam videos: th-cam.com/video/eh_RFjGpVo4/w-d-xo.htmlsi=H5dk1nULbA9VwIWi This new video I published is titled: Medicare Excess Charges Are Dead!
My wife is a Plan G person while I'm Plan N. Both of us on Plan G 2 make it simple in case something happens to me I have the peace of mind she understands what is going on & what needs to be done. Superb video, thanks!
Dear Old Guy: TH-cam is like a competition: Secrets and style are sacrificed for a purpose. The stock trading mentors and gurus teach seemingly solid speculation in the game of chance syndrome, where their chances of loss are slim and have the most benefits where they don't need to gamble.
At 65 and working in healthcare, there are so many day-to-day responsibilities I need to focus on with patient healthcare. I chose Plan G while I am still able to make good judgement decisions, like being proactive. Plan G will be working for me in the background while I work for others in the foreground. Very helpful video sir. Thank you! Monday I am putting Plan G on auto pilot for me.
I like the G, yet would want to see side-by-side rates and scenarios. I don't believe the stress of bills when you're not feeling well is a great idea.
@ERidesOn2 When you say thousands more, what were you comparing plan G to? For how many people? I thought G was only about $400 more per year, per person, compared to plan N. Thx
Thank you so much for your videos. I had to retire quickly (30 days) and am just turning 65. I skipped anything Medicare because I was still working. I had to get up to speed quickly and your videos provided me great information. I worked with Marcene and she was wonderful and signed me up for a Plan N. She also worked on correcting my sister's mistake of going with a MA plan and signed her up for a Plan N also. We are both thrilled with our plans and know that long term this is going to be great for us.
Sir, I thank you for this outstanding presentation that confirmed once again that our choice of Plan G for my husband was the right one. Peace of mind during a medical crisis or event is definitely worth the premium cost to us. I appreciate your thoughtful explanation and delivery in your videos.
EXCELLENT video. Thank you. For us, Plan G starting 3/21 for three reasons: 1) It’s most like our current employer retiree healthcare- great coverage, but costly. We have to transition to Medicare when eligible and we are already used to paying a fairly high monthly premium 2) Last fall, a tough to diagnose issue sent one of us to multiple specialists who ordered multiple scans and tests. With current employer retiree healthcare, there were no worries about networks, deductibles or excess charges as we bounced from one specialist and hospital group to another 3) Peace of mind. When faced with a serious health issue, the last thing I want to worry about is picking and choosing options based on cost.
Thank you for the comment -- it got me to thinking... I may only see a doctor a few times per year now, but what if I ever have a complicated health situation that requires a number of doctors and specialists to treat. If I'm feeling lousy would I want the extra stress of paying copays and worrying about how this is going to affect our budget. I've got a few months to make up my mind, but this is definitely worth thinking about and factoring into my decision. So thank you 👍
So far drifting towards a plan N. I value peace of mind but don't mind taking some responsibility to live frugally. Love your videos. I will be calling.
This video is very well done. It would be even more effective and more profound if the presenter put up some slides that compared the type of plan (complete coverage vs. high deductible) and gave examples/scenarios showing the math. It would promote a quick grasp understanding for the viewer and the presenter would not have to repeat the same information as much. Still a very sound video with good information, though.
We just signed my husband up for a Plan G, we ran the numbers and it seemed to be the best fit for him. I am signing him up for a drug plan too. I am not yet eligible for Medicare so don't have to worry about that decision for a while. Thanks for all your help and your great videos.
theres more important things in this life than insurance, what u gna do 20 yrs afetr 65? if ur still alive? who cares about insurance ? the spiritual is the important thing im only here cuz medicare is charging me 200 monthly out of disability benefits and im trying to either get out of it or find something cheaper, i never use the darn thing. i can go to south america and see a doc for ten bucks, and hospitalizations free in many s american countries, after working as an RN over 20 yrs in this country usa, i really dont trust it to much, and the way they charge 5 buks for a tylenol just cuz insurance pays it? thats medical mafia, imo
@@edbraunn7720 so u have Medicare Part A and B and no secondary? Or another insurance plan? I’m trying to figure this out. I turn 65 this yr ( that was fast!) do I need a secondary? They will take $170.10 out of my little SS check. I’d like to know thoughts
Wanted to thank Mathew Clausen for all the great U tube videos and Marcene for her patience and expertise in guiding us through the helping us find the best Medigap plan for Medicare part B and finalizing our decision. Thank you so much Mathew and Marcene!!!❤
Mathew I would say that was very direct and straight forward information. I personally am confused about all this and running out of time to decide but I think that help clear things up some for me. I'll be watching more of your videos because I like the way you explain things. Thank you
I'm a plan G person. After having a severely disabled, medically fragile son for 25 years, and dealing with catastrophic health care needs; I need the security of being prepared for anything. Thank you for your informative videos!
My wife and I are a Plan N family. I had initially chosen Plan F when first eligible, not knowing what to expect and chose Plan F for my wife when she turned 65. Did some research a year-ish ago and through your office switched both of us to Plan N. Happy so far.
For me, fairly healthy and few doctor visits, l could easily switch now from G to N and save some money, but the savings for me personally is not in anyway overwhelmingly significant, and you do pick up that little extra risk factor. Certainly as one gets older and needs more care the N plan seems to make less financial sense.
I want to thank you so very much. You guys provide outstanding customer service. You and your stuff are very helpful. I remember when I needed to sign up for Medicare, I was completely lost. I got online and did some research, and thank God I found you. You guys made everything clear, and I admire your honesty. You have made my life so much easier because I no longer need to spend hours researching. I only have to pick up the phone and contact you guys without any fears. Marcy and her assistant are wonder🎉ful, no matter how busy they are, especially during enrollment, they always find time to return the phone calls in a timely manner. Congratulations and I am sorry that nowadays it is very hard to find such great customer service . God bless you for being so honest.
Have watched many of your videos. I've also watched a couple other peoples Medicare videos. You are far and away the most concise and easy to understand. The others? Lots of words, keep going off on tangents, some flat out misinformation and confusing. Thank you for the time you spend helping us.
Matthew, great video. I’m not Medicare age yet but I’m a plan G person because I am a very meticulous planner and budgeter. Although it may be most cost effective to go with N or an HD, I will have the peace of mind of knowing that if I have a plan G and stay within my budget I can count on keeping my lifestyle and control my tax burden.
Firstly, I'm a Plan N person. Beyond that - my decision time is coming, and I've watched a number of videos made by different agents/whatever. This guy is the best of them I've found - straightforward and realistic about what really drives the best decisions.
Matt, Thank you so much for your insightful video, totally awesome! Really cleared up most of my massive confusion. I am leaning towards Plan G. I believe the old axiom you get what you pay for. I am a retired Federal employee, CSRS offset, just turned 65. Currently I pay about $580./per month for self plus one health benefit plan, plus another $92. for BENEFIDS. Looking to keep most comprehensive plan while lowering cost, of course. Thanks again, Phil.
I'm covered by the VA but have supplemental through an advantage plan. That being after a Supp G. My wife became eligible for Medicare and we went with a Supp G mainly because she was a traveling nurse. I'm sold on the Supp G.
Hi Fred, thank you for your comment. FYI-an Advantage Plan is not a supplement. It replaces Medicare. It does not supplement Medicare. Many people with VA coverage will get a G-HD or F-HD plan. Very low premiums, with all the benefits of Original medicare. no network, no insurance company interference.
We went with Plan G. The older we get, the less we want to have to mess around with paying copays and extra paperwork. The key to life in these years is SIMPLICITY and keeping everything simple. We have Plan G, United Healthcare/AARP @ $123 per mo (total was $125 but get $2 discount for paperless billing).
Matt, the videos are very informative and helpful. I learned a lot although it is a lot to intake. I am in the process of trying to finalize my decisions now. I really appreciate the clarification on part B and staying with my husband current insurance who will still be working for another year or two.
Well I’m 83 and I’ve had an advantage plan ever since I’ve been on Medicare and nobody is ever explain to me the differences and even though I am an insurance agent I do not write the policies as I do not understand them so I appreciate it and I would probably like to get a program with you as I have a lot of people in Colorado Springs that I could probably straighten out and help them make better decisions thanks so much
Thank you for all of your informative videos. You mention at the beginning of this video that your competitors say one plan might have higher premium increases. You denied that is so. I’ve watched more than one where they claim G will have higher increases than N. I’ve seen a graph of past premium increases of plans F, G and N and they are different. Could you explain your reasoning?
Leaning to Supplemental Plan G, if we can afford one. But might be Plan N will suffice. Still working, so have some time to get this squared away. Did have a question about if should start Plan B, before costs go up as I heard in one of your YTV’s earlier today. Live in OR, near urban area. Thanks for these I structional videos. -lm
Thank you for this series of information videos about supplements. I’ve learned so much. I’m new to medicare as of 1/1/2021. I'm 57 years and qualify early for medicare due to being a SS/RRR disability recipient for 24months. Today, the broker I’m working with sent me the following message, “Not all carriers offer Medicare Supplements for individuals under age 65 and the ones that do have much higher monthly premiums.” I live in the state of Illinois. I thought that Illinois was one of those states where insurers were required to make medicare supplements available to people like me under 65.
@@elainerinne3468 Yes. During Open Enrollment period they allow you to change Supplemental plan companies to an equal or lesser plan, or return to an Advantage plan.
@@gr8ride411 Actually if you are on a supplement plan you can change to another supplement plan any time of the year. They do not require a specific period of time to switch. If after your initial enrollment or special enrollment period you will need to have medical underwriting.
@@gr8ride411 I believe I mentioned that. That is what I've been hearing. I just reread and you were on an Advantage plan going to a supplement which would also take underwriting I would think think. I may have read wrong the first time thinking you were on a supplement moving to another supplement but seems you were on advantage moving to a supplement. So that is only during certain time of year then? Now that your on a supplement, you can change, with underwriting, unless in a special enrollment situation anytime during the year. From what I've been studying
Matthew and his videos made transitioning to Medicare understandable and much easier. Both I and a friend used Medigap Seminars' services to select and sign up for supplement plans, Part D coverage, and more. He and his agent Candy Champion were and have continued to be especially helpful.
Thank you. Two years ago you set me up with a high deductible plan. This year with 2 unforeseen knee Surgeries , multiple mris and X-rays you saved me a bundle. I ‘almost’ felt bad for the insurance company 🙂
Plan N person here (I think). I'm helping my mom with this stage of life and have a question about excess charges. Is it possible to have to pay excess charges for an ER visit or hospital stay? In those cases, it would be impossible to really do research on the doctors ahead of time. Thank you and thanks for these amazing videos!
The way I understand it, you are "grandfathered in" to a better plan than Plan G. It covers more. And do NOT have to change, and can keep it forever. I would stay there. I think the difference is you don't have to pay that first $230 deductible each year. Those of us who reach age 65 after 2019 or so can no longer get Plan F. Check behind me though.
You don't "have" to move to a Plan G, but you may want to. I have heard that one advantage of a G plan over an F plan is that G plan premiums may have bigger rate increases over time since they don't have the same pool of younger participants continually entering its plan the way Plan G does. The younger participants who presumably have less health care needs keep the Plan G costs down and hence keep the premiums down over time.
I'm a PLAN N guy. I had Advantage Plans & just Medicare but when I was about to turn 65, I knew the extra hassles I'd still be going through with denied/not covered Dr visits & going through at least 6 months of appeals. PLAN N in Pennsylvania is great because it's against the law to charge patients EXCESS FEES here! 🙂 Q: Can we change Supplemental Insurance companies before each new year (if we choose) even though we stick with the same Plan (G, N, etc)?
We can start looking at your alternatives in February. Your Medicare enrollment application can be no earlier than April. You will start getting a lot of junk mail and phone calls by February. The nice thing about getting this done early is the freedom to throw away the junk mail and tell the cold callers you have already made your decisions.
Interesting statistics: 2020 Medigap New Enrollee Survey Findings Plan B, D & K: 0.1% Plan F*: 2.5% Plan G: 58.8% Plan HDG: 5.8% Plan N: 32.8% * Individuals already on Medicare (example; disability) with Plan F prior to 2020 were able to keep Plan F when they turned age 65. Source: AAMSI.
That’s what I did, but at age 76, the F plan was up to $270/mo. That’s why I switched to the HD Plan F for $70/mo. I was lucky that I was in a “guaranteed issue” situation since I left an employer Medicare Advantage plan and was not subjected to medical underwriting.
Is it true that Plan G's yearly increases will be higher ( because less healthy members) than Plan N because N has healthier members? Thank you so much for these videos
I’m 72 and an N and lucky to be so. Enough health problems today I doubt I eve will be allowed to migrate to another company or plan. Except (UGH!) Medicare Advantage.
I started looking into medicare this year it seems the more i read less i understood. Luckily, i finally get the understanding thanks to Matthew someone who explained it in a way that I am unable too understand... I am a Plan G medicare supplement person not a Advantage Plan which i have grown to really not be interested in.... Thanks Brad
Wow... I wish I had found you about a year ago. There are so many pieces to this Medicare puzzle. As i approached 65th/ I got so many phone calls from individuals attempting to sign me up/sell me something I had given no thought to. I started my researching and signed up for medicare just in the nick of time. Now I must choose a supplement or advantage. So confusing, but your vids are making it so much easier. Thank you, Thank you, Thank you....
I have over 40 videos on Medicare. If you are deciding between a Supplement and Advantage Plan, take a look at this one next: th-cam.com/video/t5OEsLXGiC4/w-d-xo.html You can also use the link #Medigapseminars from a google or TH-cam search bar. By the way, we offer personalized recommendations and our services are free to consumers. 800-847-9680
I just started watching your videos today. They seam very helpful. I think I'm leaning towards Plan G so far. I'm going to call your company on Monday and see if you can help me. Thanks.
As you explained, the likely hood of the excess charge based on the formalities and responsibilities of the doctor to tell you makes the N more attractive.
Thank you. Still don't know. So far so good. 4 max visits per year, not counting colonoscopy, dexa scans. No meds. Supplements & reversed 15 yrs of painful soft bones in 10 months in a Krav maga dojo. Got lazy after dojo closed cuz of covid. Now 79, federal employee. Was told that with part B and the most basic fehb plan, I would pay $0 copay $0 deductible $0
Thank you for your honesty and helping me to get the best coverage for the money. This is the only issue in my life that I can say iam at peace and don't have to worry about it. Once again thank you for caring and helping us. God bless you. We need more honest people like you. By the way I have plan G and I love it!
Thanks for your video(s)! To answer your question, I’m a high deductible G type person. Explanation (using approximate numbers) The plan G in Florida is too high (~$170+), where the HD-G is over $100 a month less in premiums. Since the only difference is a deductible each year of approaching $2400, that means every two years (more likely early in retirement) you don’t need hospitalization, you save enough in premiums to pay for a catastrophic health year. I’m aware of the December-January illness possibly having to, pardon the phrase, cough up twice the yearly deductible. But odds are good that you will go more years with less healthcare needs (remember, Medicare pays 80%, so the $1200 difference in annual premiums between G and HD-G pays for $6000 in healthcare each year before having a HD-G plan costs more than a regular G plan, and at that point, you’re about $1,200 away from your max out of pocket. The more I think about it, the better HD-G sounds like the best plan for me. One more thing to think about: The money you save in premiums will then not come out of your retirement savings, and if you keep a healthy amount in the stock market (S&P 500 index for me - low fees and beats most fund managers), with only enough for a couple years’ living expenses in cash/T-bills, then you will have that saved money that you won’t need to take from your liquid assets (and then sell stock to replenish). So, ultimately, you are investing your saved premiums in the stock market for the long term, which has historically been a winner over a long period. Finally, everyone will die, we just don’t know when, which makes this whole retirement planning pretty complicated! I look at it this way. I have enough saved so that I can afford deductibles and will therefore self insure for the premium savings, while not having to worry about copays or the 15% doctor that plan N introduces. It’s the best of both worlds, from my point of view. Sorry for the length.
I enrolled Advantage without knowing what I was doing. I was seeing a lot of ads. So I thought this must be something new. I called & I was entertained. And me & my husband were in. My son & daughter in law sent me this & i listened & got educated. Thanks. Greatly appreciated. How can I unenroll. You said, I have to stay till Dec 31st. Thanks.
Great video, even if this was posted two years ago. I like the “coupon user” comparison of Plan N. I think I’m a Plan N (for now) but for my parents I’m leaning towards Plan G for peace of mind. Thanks for clarifying that excess charges are not allowed in emergencies and that groups/ hospitals are either all or none for the participating category.
I am leaning towards a plan N but have a couple remaining questions/concerns before I can feel more confident in my decision. In regard to the potential excess char ges, I understand I can most often research what providers are Medicare providers but there may be situations when I cannot do this. For example, I just had outpt surgery and I made sure that the surgeon and outpt surrgery center were Medicare approved but I had no way of determining whether the independent anesthesiologist (who I met on day of surgery) was within Medicare network. Likewise, what about emergency situations: 911 dispatches medics and take person to a local hospital: how does a person with Medicare medigap supplement plans prevent surprise expenses that normally Medicare would cover? Thank you for taking the time to explain. Erin Jacobson
Hi Erin - i have lots of easy answers. First, I just put out an updated Plan n video 5 days ago: th-cam.com/video/thWwEvtMXCk/w-d-xo.html This will answer your questions with more detail than I can here. However, you will be please to know that two features of excess charges will answer your questions. 1. there can be no excess charges in emergency services. Not allowed 2. Groups are all or none. Either all the doctors in a group or hospital charge an excess charge or none. Can't have an odd doctor out that charges an excess charge. In the case of your anesthesiologist - he/she belongs to a group. Just find out of the group and you have your answer. Watch the video for why only about 1.50% of all doctors can charge an excess charge, and 40% of those are psychologist. The Kaiser Foundation survey shows that less than 1% of Medicare charges include an excess charge. There is some of my competition on TH-cam that are articulating stats puled out of their ...thin air and are misleading. Again that video and my older Plan N video provide the answers you need. Use this form and we can show you which insurance company is best in your area. medigapseminars.org/contact-us/
Im definately a Plan N personality. However, with the dental problems, home repairs and car repairs I've got, I I'm in deep doo doo financially. Yikes!
I'm a plan N person. Thank you for your videos. I had no idea what all this meant, but knew I had to be making a decision within the next 6 months. I have no doubt I will be able to make a knowledgeable decision now.
Newly eligible, trending toward Plan HDG. I'm fine with "putting in a little effort" toward planning and saving, which is why I have tried to do that all along (up front), meaning in retirement maybe I'll get to pull back a bit and just enjoy some "peace of mind". That will become even more important should I become increasingly less capable (or motivated), and it also becomes more difficult to switch plans.
I have a new video on Plan N you should see. It is a counter to the gross misinformation spread in other TH-cam videos: th-cam.com/video/eh_RFjGpVo4/w-d-xo.htmlsi=H5dk1nULbA9VwIWi This new video I published is titled: Medicare Excess Charges Are Dead!
My wife is a Plan G person while I'm Plan N. Both of us on Plan G 2 make it simple in case something happens to me I have the peace of mind she understands what is going on & what needs to be done. Superb video, thanks!
This guy should train TH-camrs on making videos. Tell 'em what you're going to tell 'em, tell 'em, then tell 'em what you told 'em.
Thank you
Dear Old Guy: TH-cam is like a competition: Secrets and style are sacrificed for a purpose.
The stock trading mentors and gurus teach seemingly solid speculation in the game of chance syndrome, where their chances of loss are slim and have the most benefits where
they don't need to gamble.
@@MedigapSeminars i am a. G pdrso banxneed higxdntakh
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I am only 66 years old, I see doctor once a year for physical check up, so plan N is for me.
At 65 and working in healthcare, there are so many day-to-day responsibilities I need to focus on with patient healthcare. I chose Plan G while I am still able to make good judgement decisions, like being proactive. Plan G will be working for me in the background while I work for others in the foreground. Very helpful video sir. Thank you! Monday I am putting Plan G on auto pilot for me.
I like the G, yet would want to see side-by-side rates and scenarios.
I don't believe the stress of bills when you're not feeling well is a great idea.
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True, my hubby got a 1 k bill from the ambulance in 2006. Almost gave me angina.
Paying thousands more for a G would give me a stroke 😅 I'd have to go to the Dr at least 6X a month to break even. Yikes
@ERidesOn2 When you say thousands more, what were you comparing plan G to? For how many people? I thought G was only about $400 more per year, per person, compared to plan N. Thx
Very helpful video. This my year to sign up. I have been pulling my hair, but with your help I have a better understanding. Thank you so much.
you have a very good presentation style, slow, to the point, and very easy to understand :)
Thank you Dave
Excellent thx
Thank you so much for your videos. I had to retire quickly (30 days) and am just turning 65. I skipped anything Medicare because I was still working. I had to get up to speed quickly and your videos provided me great information. I worked with Marcene and she was wonderful and signed me up for a Plan N. She also worked on correcting my sister's mistake of going with a MA plan and signed her up for a Plan N also. We are both thrilled with our plans and know that long term this is going to be great for us.
Sir, I thank you for this outstanding presentation that confirmed once again that our choice of Plan G for my husband was the right one. Peace of mind during a medical crisis or event is definitely worth the premium cost to us. I appreciate your thoughtful explanation and delivery in your videos.
You are welcome, and I am grateful for your kind words.
what were u charged for plan g
EXCELLENT video. Thank you. For us, Plan G starting 3/21 for three reasons: 1) It’s most like our current employer retiree healthcare- great coverage, but costly. We have to transition to Medicare when eligible and we are already used to paying a fairly high monthly premium 2) Last fall, a tough to diagnose issue sent one of us to multiple specialists who ordered multiple scans and tests. With current employer retiree healthcare, there were no worries about networks, deductibles or excess charges as we bounced from one specialist and hospital group to another 3) Peace of mind. When faced with a serious health issue, the last thing I want to worry about is picking and choosing options based on cost.
Thank you for the comment -- it got me to thinking... I may only see a doctor a few times per year now, but what if I ever have a complicated health situation that requires a number of doctors and specialists to treat. If I'm feeling lousy would I want the extra stress of paying copays and worrying about how this is going to affect our budget. I've got a few months to make up my mind, but this is definitely worth thinking about and factoring into my decision. So thank you 👍
So far drifting towards a plan N. I value peace of mind but don't mind taking some responsibility to live frugally. Love your videos. I will be calling.
This video is very well done. It would be even more effective and more profound if the presenter put up some slides that compared the type of plan (complete coverage vs. high deductible) and gave examples/scenarios showing the math. It would promote a quick grasp understanding for the viewer and the presenter would not have to repeat the same information as much. Still a very sound video with good information, though.
We just signed my husband up for a Plan G, we ran the numbers and it seemed to be the best fit for him. I am signing him up for a drug plan too. I am not yet eligible for Medicare so don't have to worry about that decision for a while. Thanks for all your help and your great videos.
So much to digest and comprehend with this Medicare, but I’m a peace-of-mind type of person so I think I know my choice. Age 65, here I come!!!!!
theres more important things in this life than insurance, what u gna do 20 yrs afetr 65? if ur still alive? who cares about insurance ? the spiritual is the important thing im only here cuz medicare is charging me 200 monthly out of disability benefits and im trying to either get out of it or find something cheaper, i never use the darn thing. i can go to south america and see a doc for ten bucks, and hospitalizations free in many s american countries, after working as an RN over 20 yrs in this country usa, i really dont trust it to much, and the way they charge 5 buks for a tylenol just cuz insurance pays it? thats medical mafia, imo
Lol🙂
@@edbraunn7720 so u have Medicare Part A and B and no secondary? Or another insurance plan? I’m trying to figure this out. I turn 65 this yr ( that was fast!) do I need a secondary? They will take $170.10 out of my little SS check. I’d like to know thoughts
@@bryceharper446 im not sure i try to keep away from medical centers as long as im not dropping dead
Wanted to thank Mathew Clausen for all the great U tube videos and Marcene for her patience and expertise in guiding us through the helping us find the best Medigap plan for Medicare part B and finalizing our decision. Thank you so much Mathew and Marcene!!!❤
Mathew I would say that was very direct and straight forward information. I personally am confused about all this and running out of time to decide but I think that help clear things up some for me. I'll be watching more of your videos because I like the way you explain things. Thank you
Not eligible until 1/22 but I think I’d be a G. Doing some investigating for my mother right now. You are a wealth of information. Thank you.
I'm a plan G person. After having a severely disabled, medically fragile son for 25 years, and dealing with catastrophic health care needs; I need the security of being prepared for anything. Thank you for your informative videos!
I am a Plan N person and customer of your agency. Thanks for keeping me up to date on changes as them come.
I'm slowly unravelling the myriad of choices,...THANK YOU!!
My wife and I are a Plan N family. I had initially chosen Plan F when first eligible, not knowing what to expect and chose Plan F for my wife when she turned 65. Did some research a year-ish ago and through your office switched both of us to Plan N. Happy so far.
For me, fairly healthy and few doctor visits, l could easily switch now from G to N and save some money, but the savings for me personally is not in anyway overwhelmingly significant, and you do pick up that little extra risk factor. Certainly as one gets older and needs more care the N plan seems to make less financial sense.
My wife and I are a Plan N personalities. Thank you.
I want to thank you so very much. You guys provide outstanding customer service. You and your stuff are very helpful. I remember when I needed to sign up for Medicare, I was completely lost. I got online and did some research, and thank God I found you. You guys made everything clear, and I admire your honesty. You have made my life so much easier because I no longer need to spend hours researching. I only have to pick up the phone and contact you guys without any fears. Marcy and her assistant are wonder🎉ful, no matter how busy they are, especially during enrollment, they always find time to return the phone calls in a timely manner. Congratulations and I am sorry that nowadays it is very hard to find such great customer service . God bless you for being so honest.
Thank you. It's not always easy!
IT MIGHT NOT BE EASY SOMETIMES, BUT IT IS WORTH IT !!!!ADMIRE YOUR HUMILITY AND SOFT SPOKEN MANNER!!!!
The best explanation I've found! Thank you. I'm a Plan G person!
I have A and B and Tri care for life. This does not include eye or Teeth.i have FEDVIP for those
Have watched many of your videos. I've also watched a couple other peoples Medicare videos. You are far and away the most concise and easy to understand. The others? Lots of words, keep going off on tangents, some flat out misinformation and confusing. Thank you for the time you spend helping us.
you are welcome 🙂
Matthew, great video. I’m not Medicare age yet but I’m a plan G person because I am a very meticulous planner and budgeter. Although it may be most cost effective to go with N or an HD, I will have the peace of mind of knowing that if I have a plan G and stay within my budget I can count on keeping my lifestyle and control my tax burden.
What tax burden?
This was very clear and very helpful! I am definitely a Plan G person
- but now I understand why. Thanks!
Firstly, I'm a Plan N person. Beyond that - my decision time is coming, and I've watched a number of videos made by different agents/whatever. This guy is the best of them I've found - straightforward and realistic about what really drives the best decisions.
Thank you coynedj. I hope you call my office and give us the opportunity to compete for your business. 800-847-9680
After further research, I'm not a Plan N guy after all - I'm a High-Deductible Plan G guy.
Matt, Thank you so much for your insightful video, totally awesome! Really cleared up most of my massive confusion. I am leaning towards Plan G. I believe the old axiom you get what you pay for. I am a retired Federal employee, CSRS offset, just turned 65. Currently I pay about $580./per month for self plus one health benefit plan, plus another $92. for BENEFIDS. Looking to keep most comprehensive plan while lowering cost, of course. Thanks again, Phil.
I haven’t even finished your video. I’m so grateful that you’ve made so many good videos. I have become so informed
I am definitely a plan G
You are so welcome!
This has been so helpful. Thank you!
I'm covered by the VA but have supplemental through an advantage plan. That being after a Supp G. My wife became eligible for Medicare and we went with a Supp G mainly because she was a traveling nurse. I'm sold on the Supp G.
Hi Fred, thank you for your comment. FYI-an Advantage Plan is not a supplement. It replaces Medicare. It does not supplement Medicare. Many people with VA coverage will get a G-HD or F-HD plan. Very low premiums, with all the benefits of Original medicare. no network, no insurance company interference.
We went with Plan G. The older we get, the less we want to have to mess around with paying copays and extra paperwork. The key to life in these years is SIMPLICITY and keeping everything simple. We have Plan G, United Healthcare/AARP @ $123 per mo (total was $125 but get $2 discount for paperless billing).
Wow, my hubby just got g at $242…I wonder if that’s because he’s male and/or we’re in florida
Thank you for sharing our knowledge. I appreciate you.
I'm a Plan G person. Besides, I expect to travel outside of PA, so I won't be able to shop for a doctor if I run into an emergency.
FYI - there are no excess charges for emergency treatments. That is forbidden.
Gratitude! You keep me from stepping on an "Advantage Landmine."
Matt, the videos are very informative and helpful. I learned a lot although it is a lot to intake. I am in the process of trying to finalize my decisions now. I really appreciate the clarification on part B and staying with my husband current insurance who will still be working for another year or two.
Well I’m 83 and I’ve had an advantage plan ever since I’ve been on Medicare and nobody is ever explain to me the differences and even though I am an insurance agent I do not write the policies as I do not understand them so I appreciate it and I would probably like to get a program with you as I have a lot of people in Colorado Springs that I could probably straighten out and help them make better decisions thanks so much
You are welcome Rodney
Thank you for all of your informative videos. You mention at the beginning of this video that your competitors say one plan might have higher premium increases. You denied that is so. I’ve watched more than one where they claim G will have higher increases than N. I’ve seen a graph of past premium increases of plans F, G and N and they are different. Could you explain your reasoning?
You offer so much more information than anyone else I’ve seen on TH-cam.
Thank you Virginia. I hope you give my office a call. We would love to compete for your business. 800-847-9680
While I like having peace of mind the cost of the premium will help me to determine.
Leaning to Supplemental Plan G, if we can afford one. But might be Plan N will suffice.
Still working, so have some time to get this squared away.
Did have a question about if should start Plan B, before costs go up as I heard in one of your YTV’s earlier today. Live in OR, near urban area. Thanks for these I structional videos. -lm
Appreciate your advice. Sounds like the plan G is what I'd prefer. "Peace of Mind" baby....
Thank you for the education! Helping my dementia afflicted mom and this is all-new to me! You are very helpful. 🙏
Great video, Matthew!!! Very educational for determining which plans are available as well as which plan is best for me.
I am a Plan G. I enjoy the information in your videos!!
We're retiring in 2021 and will most likely become a Plan G couple. We will also be moving to a different state at that time.
Thank you for this series of information videos about supplements. I’ve learned so much. I’m new to medicare as of 1/1/2021. I'm 57 years and qualify early for medicare due to being a SS/RRR disability recipient for 24months. Today, the broker I’m working with sent me the following message, “Not all carriers offer Medicare Supplements for individuals under age 65 and the ones that do have much higher monthly premiums.” I live in the state of Illinois. I thought that Illinois was one of those states where insurers were required to make medicare supplements available to people like me under 65.
A lighted path in the darkness. Much appreciated!
Thank you Matthew; this is all new to me and the information you shared is most valuable and appreciated.
This was my first year on a Supplement Plan, after being on an Advantage Plan since 2014. I'm now a Plan G person, and very happy with it. 👍🏽
Do they allow you to change after choosing one plan.
@@elainerinne3468 Yes. During Open Enrollment period they allow you to change Supplemental plan companies to an equal or lesser plan, or return to an Advantage plan.
@@gr8ride411 Actually if you are on a supplement plan you can change to another supplement plan any time of the year. They do not require a specific period of time to switch. If after your initial enrollment or special enrollment period you will need to have medical underwriting.
@@micheleyoungblood Don’t you have to pass through Underwriting during the process of switching?
@@gr8ride411 I believe I mentioned that. That is what I've been hearing. I just reread and you were on an Advantage plan going to a supplement which would also take underwriting I would think think. I may have read wrong the first time thinking you were on a supplement moving to another supplement but seems you were on advantage moving to a supplement. So that is only during certain time of year then? Now that your on a supplement, you can change, with underwriting, unless in a special enrollment situation anytime during the year. From what I've been studying
Matthew and his videos made transitioning to Medicare understandable and much easier. Both I and a friend used Medigap Seminars' services to select and sign up for supplement plans, Part D coverage, and more. He and his agent Candy Champion were and have continued to be especially helpful.
Thank you. Two years ago you set me up with a high deductible plan. This year with 2 unforeseen knee Surgeries , multiple mris and X-rays you saved me a bundle. I ‘almost’ felt bad for the insurance company 🙂
I am a plan N type personality. I bought it through your office today.
Thank you Judy!
I am only one year into the Medicare game. And I can tell you what we seniors suffer from the most is the mindless information overload.
I select plans for self and spouse - we go w/G for peace of mind
Plan N person here (I think). I'm helping my mom with this stage of life and have a question about excess charges. Is it possible to have to pay excess charges for an ER visit or hospital stay? In those cases, it would be impossible to really do research on the doctors ahead of time. Thank you and thanks for these amazing videos!
Plan N for me, I see my Doctors for more than 30 years, they are very reasonable.
I am plan N type person, as I am of opinion insurance is for big items too painful to pay out of pocket and not routine expenses.
I likeG or N depend on how much premium different
I am a plan G person but on a fixed income and may have to pay closer attention.
Once again, this has been very helpful in helping me understand my options. Thank you!
Awesome video! It’s all becoming more clear to me.
I am glad to hear that. Please contact us for personalized help. medigapseminars.org/contact-us/
My wife and I have a plan F with Blue Shield in California, do we have to get G now? And can we get quotes from other companies ?
I am a plan G.
The way I understand it, you are "grandfathered in" to a better plan than Plan G. It covers more. And do NOT have to change, and can keep it forever. I would stay there. I think the difference is you don't have to pay that first $230 deductible each year. Those of us who reach age 65 after 2019 or so can no longer get Plan F. Check behind me though.
You don't "have" to move to a Plan G, but you may want to. I have heard that one advantage of a G plan over an F plan is that G plan premiums may have bigger rate increases over time since they don't have the same pool of younger participants continually entering its plan the way Plan G does. The younger participants who presumably have less health care needs keep the Plan G costs down and hence keep the premiums down over time.
I'm a PLAN N guy. I had Advantage Plans & just Medicare but when I was about to turn 65, I knew the extra hassles I'd still be going through with denied/not covered Dr visits & going through at least 6 months of appeals. PLAN N in Pennsylvania is great because it's against the law to charge patients EXCESS FEES here! 🙂
Q: Can we change Supplemental Insurance companies before each new year (if we choose) even though we stick with the same Plan (G, N, etc)?
When should I contact you? I’m eligible on August 1, 2021 for Medicare.
We can start looking at your alternatives in February. Your Medicare enrollment application can be no earlier than April. You will start getting a lot of junk mail and phone calls by February. The nice thing about getting this done early is the freedom to throw away the junk mail and tell the cold callers you have already made your decisions.
@@MedigapSeminars Awesome! Thanks and I'll be in touch. I REALLY appreciate. your videos. Glad I recently discovered you!
Thanks for this video. It was very helpful in researching the many options in selecting Medicare.
Interesting statistics:
2020 Medigap New Enrollee Survey Findings
Plan B, D & K: 0.1%
Plan F*: 2.5%
Plan G: 58.8%
Plan HDG: 5.8%
Plan N: 32.8%
* Individuals already on Medicare (example; disability) with Plan F prior to 2020 were able to keep Plan F when they turned age 65. Source: AAMSI.
Plan g
@@charlesellis1926I am looking at Plan G
A
That’s what I did, but at age 76, the F plan was up to $270/mo. That’s why I switched to the HD Plan F for $70/mo. I was lucky that I was in a “guaranteed issue” situation since I left an employer Medicare Advantage plan and was not subjected to medical underwriting.
@@Zoobrazz Check out the premium savings on the High Deductible Plan G.
When I was younger I would have been a plan N but at age 65+ I don't want to deal with it. Now a plan G for sure.
I know what you mean.
Which Plan are you? A Plan G Person or a Plan N person? -- I think I need a new camera
I'm signed up for Plan G through UnitedHealth. I am in my initial period of signing up for Medicare.
@@Judd237 are you familiar with the impact of the "discount reversal" that is added to their price increases?
@@MedigapSeminars No, I've never heard that of that term. Sounds like an oxymoron.
Is it true that Plan G's yearly increases will be higher ( because less healthy members) than Plan N because N has healthier members?
Thank you so much for these videos
I’m 72 and an N and lucky to be so. Enough health problems today I doubt I eve will be allowed to migrate to another company or plan. Except (UGH!) Medicare Advantage.
I started looking into medicare this year it seems the more i read less i understood. Luckily, i finally get the understanding thanks to Matthew someone who explained it in a way that I am unable too understand... I am a Plan G medicare supplement person not a Advantage Plan which i have grown to really not be interested in.... Thanks Brad
Call us at 800-847-9680 for personalized service
Wow... I wish I had found you about a year ago. There are so many pieces to this Medicare puzzle. As i approached 65th/ I got so many phone calls from individuals attempting to sign me up/sell me something I had given no thought to. I started my researching and signed up for medicare just in the nick of time. Now I must choose a supplement or advantage. So confusing, but your vids are making it so much easier. Thank you, Thank you, Thank you....
I have over 40 videos on Medicare. If you are deciding between a Supplement and Advantage Plan, take a look at this one next: th-cam.com/video/t5OEsLXGiC4/w-d-xo.html You can also use the link #Medigapseminars from a google or TH-cam search bar. By the way, we offer personalized recommendations and our services are free to consumers. 800-847-9680
Thank you Matthew I called today 6/14/23 I pray 🙏🏿 it works for me🙏🏿
I feel that your videos are the best out there at explaining Medicare! I am only 64 now.
Wow, thank you!
I just started watching your videos today. They seam very helpful. I think I'm leaning towards Plan G so far. I'm going to call your company on Monday and see if you can help me. Thanks.
Looking forward to it
As you explained, the likely hood of the excess charge based on the formalities and responsibilities of the doctor to tell you makes the N more attractive.
This is also detailed in my video Excess Charges R Dead th-cam.com/video/eh_RFjGpVo4/w-d-xo.html
Thank you. Still don't know. So far so good. 4 max visits per year, not counting colonoscopy, dexa scans. No meds. Supplements & reversed 15 yrs of painful soft bones in 10 months in a Krav maga dojo. Got lazy after dojo closed cuz of covid. Now 79, federal employee. Was told that with part B and the most basic fehb plan, I would pay $0 copay $0 deductible $0
Thank you. The way you present is awesome - not assuming your viewers know, while also not assuming they’re dumb.
Plan G. Peace of mind, thanks.
Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.
Thanks again very informative for the people like me who are confused.
Thank you! I am a peace of mind person. :)
Thank you for your honesty and helping me to get the best coverage for the money. This is the only issue in my life that I can say iam at peace and don't have to worry about it. Once again thank you for caring and helping us. God bless you. We need more honest people like you. By the way I have plan G and I love it!
Thanks for your video(s)!
To answer your question, I’m a high deductible G type person.
Explanation (using approximate numbers)
The plan G in Florida is too high (~$170+), where the HD-G is over $100 a month less in premiums. Since the only difference is a deductible each year of approaching $2400, that means every two years (more likely early in retirement) you don’t need hospitalization, you save enough in premiums to pay for a catastrophic health year. I’m aware of the December-January illness possibly having to, pardon the phrase, cough up twice the yearly deductible. But odds are good that you will go more years with less healthcare needs (remember, Medicare pays 80%, so the $1200 difference in annual premiums between G and HD-G pays for $6000 in healthcare each year before having a HD-G plan costs more than a regular G plan, and at that point, you’re about $1,200 away from your max out of pocket. The more I think about it, the better HD-G sounds like the best plan for me.
One more thing to think about:
The money you save in premiums will then not come out of your retirement savings, and if you keep a healthy amount in the stock market (S&P 500 index for me - low fees and beats most fund managers), with only enough for a couple years’ living expenses in cash/T-bills, then you will have that saved money that you won’t need to take from your liquid assets (and then sell stock to replenish). So, ultimately, you are investing your saved premiums in the stock market for the long term, which has historically been a winner over a long period.
Finally, everyone will die, we just don’t know when, which makes this whole retirement planning pretty complicated! I look at it this way. I have enough saved so that I can afford deductibles and will therefore self insure for the premium savings, while not having to worry about copays or the 15% doctor that plan N introduces. It’s the best of both worlds, from my point of view.
Sorry for the length.
im 60 right now and planning on going at 65 with Medicare original with a G supplemental plan.
Hey MS,
Good videos.
I am a Plan N over Plan G person - UNLESS Plan High G is better than N.
Now for Plan High G....
I enrolled Advantage without knowing what I was doing. I was seeing a lot of ads. So I thought this must be something new. I called & I was entertained. And me & my husband were in. My son & daughter in law sent me this & i listened & got educated. Thanks. Greatly appreciated. How can I unenroll. You said, I have to stay till Dec 31st. Thanks.
I am an N person but am learning this for someone I believe is a G. Very, very helpful information!!
Great video, even if this was posted two years ago. I like the “coupon user” comparison of Plan N. I think I’m a Plan N (for now) but for my parents I’m leaning towards Plan G for peace of mind. Thanks for clarifying that excess charges are not allowed in emergencies and that groups/ hospitals are either all or none for the participating category.
I don't really know yet it is all new to me I will be 65 in April I still work full time right now.
I am a Plan N! Thank you for this awesome explanation.
I am leaning towards a plan N but have a couple remaining questions/concerns before I can feel more confident in my decision. In regard to the potential excess char ges, I understand I can most often research what providers are Medicare providers but there may be situations when I cannot do this. For example, I just had outpt surgery and I made sure that the surgeon and outpt surrgery center were Medicare approved but I had no way of determining whether the independent anesthesiologist (who I met on day of surgery) was within Medicare network. Likewise, what about emergency situations: 911 dispatches medics and take person to a local hospital: how does a person with Medicare medigap supplement plans prevent surprise expenses that normally Medicare would cover? Thank you for taking the time to explain.
Erin Jacobson
Hi Erin - i have lots of easy answers. First, I just put out an updated Plan n video 5 days ago: th-cam.com/video/thWwEvtMXCk/w-d-xo.html This will answer your questions with more detail than I can here. However, you will be please to know that two features of excess charges will answer your questions. 1. there can be no excess charges in emergency services. Not allowed 2. Groups are all or none. Either all the doctors in a group or hospital charge an excess charge or none. Can't have an odd doctor out that charges an excess charge. In the case of your anesthesiologist - he/she belongs to a group. Just find out of the group and you have your answer. Watch the video for why only about 1.50% of all doctors can charge an excess charge, and 40% of those are psychologist. The Kaiser Foundation survey shows that less than 1% of Medicare charges include an excess charge. There is some of my competition on TH-cam that are articulating stats puled out of their ...thin air and are misleading. Again that video and my older Plan N video provide the answers you need. Use this form and we can show you which insurance company is best in your area. medigapseminars.org/contact-us/
Im definately a Plan N personality. However, with the dental problems, home repairs and car repairs I've got, I I'm in deep doo doo financially. Yikes!
Plan G peace of Mind.
I'm a plan N person. Thank you for your videos. I had no idea what all this meant, but knew I had to be making a decision within the next 6 months. I have no doubt I will be able to make a knowledgeable decision now.
I am a Plan G Person-to have a Peace of Mind. Great video.
i am age 67. i have a plan G. i am also a cancer patient getting infusion injections. So plan G is a peace of mind for me.
Thank you for the information.
Whether G or N depends on the price and the terms. If the savings are small then I would not bother with N.
Newly eligible, trending toward Plan HDG. I'm fine with "putting in a little effort" toward planning and saving, which is why I have tried to do that all along (up front), meaning in retirement maybe I'll get to pull back a bit and just enjoy some "peace of mind". That will become even more important should I become increasingly less capable (or motivated), and it also becomes more difficult to switch plans.