I'm 75 , i've been covered by my wife insurance ( she still works ) for several , years & I have a heart condition for the last 15 years , so I've also carried a medicare advantage plan that between the two , have always paid the bulk of anything I've had done , but she just turned 66, & is going to retire the first of next year , would I be able to pickup a medigap plan for my self when I loose her insurance ? She'salready talked to medicare & is signed up for medigap for herself.
Thanks Stephanie for all of your very useful videos and information. I have a plan N, and at age 72 have been extremely fortunate to have very minimal medical care needs to date. That said, I am having difficulty getting an appointment with a specialist (urology), and the offices in question (plus my F.P.) will not accept me without a referral. Everything I've read from CMS information on down indicates I shouldn't need a referral, and that is one of the many things that made me choose a Medigap plan. Your thoughts? Thanks again for your informative videos.
Thank you for your help. Considering deferring my Part B and supplement G cause I have good coverage with my husbands job but just don’t know if that’s really a good idea for supplement G?
If your husband is actively employed and you have good (and inexpensive) medical coverage through his job, then you can delay Part B without penalty! When you do enroll, you'll have a new open enrollment period for Medigap/Plan G.
Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance. As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more indepth analysis of a client's health information. The use of medical underwriting may be restricted by law in certain insurance markets. If allowed, the criteria used should be objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance system. It is the process in which an underwriter considers the health conditions of the person who is applying for the insurance, keeping in mind certain factors like health condition, age, nature of work, and geographical zone. After looking at all the factors, an underwriter suggests whether a policy should be given to the person and at what price, or premium.
My mom qualified for disability and Medicaid when she was 55. It looks like she was enrolled in Medicare advantage. Wondering if she would be able to potentially sign up for medigap when she turns 65 if by any chance she doesn’t qualify for medicaid at that time.
I've been trying soooo hard, with a broker, w/SSDI, Medicare A and B, with the buy in, paid fully with MA Health-, my medicaid, full, my secondary insurance. I get all benefits. I'm moving and I'm only eligible for medicaid, for Medicare B premium paid and I believe, as told today, qualify for Prescription drugs extra help. I'm so confused about the terms, as I'm on SSDI & was told not to get Medigap, bc of the premium. To get an an advantage plan. This is moving from MA to NC. I'm terrified 😨.
I was planning to get medicap I have Medicare my husband said when you get extra insurance to cover a and b over here I got Medicare I like to try to medigap and see if it's any good I'm Gwen Ammons from Ohio
Thanks Stephanie for the great information. One question that I have is will Medigap coverage go back and cover any medical costs the I may have that could happen before I apply for Medigap insurance since it seems that you have to be covered under parts A&B first? I believe you mentioned that you have 6 months to sign up for a Medigap policy. Thanks again.
Stephanie I’m 68 and just started the process to enroll in Medicare A & B. On February 18 I will be on phone for my claim. Not sure what to expect! How will I be penalized for enrolling so late ? How soon should I cancel my covered ca as I know you can’t have both Covered Ca and Medicare at same time! Thanks Drew
If you missed your initial enrollment period and you sign up between Jan 1st - March 31st during the general election period then your Medicare coverage will begin on July 1st of this year. I hope this helps!
Stephanie Today I learned Im good to go with Medicare Part A and my Medicare card will arrive in about 2 weeks. I think the rep said today that I will be able to shop for Medigap insurance once I get my Medicare card, but Part B doesn’t happen till July 1. So do I call a agent like yourself in 2 weeks or wait till June ?
Michael, it depends on your area and your plan choice. I'd be happy to see how AARP/UHC compares to the other Medigap options you have available - please call 888-465-9728 or email me at stephanie@abtinsuranceagency.com !
Thank you. This is very insightful. I have a fundamental question. Is Medigap insurance completely funded by beneficiaries? Or the firms who provide Medigap plans get reimbursed (completely or partially) by the government or CMS? I basically want to check if Medigap is a government plan (like Medicare and Medicaid) or a private/commercial plan. Thanks again.
I'm turning 65 in April. I intend to continue working and use my company's group insurance. Also, I have an 18-year old daughter covered on that plan. Do I have to sign up for Medicare Part A? My concern is missing a required window and paying lifetime penalties. Thank you.
Hi Stephanie, I have a question. I'm turning 65 in July. in order to apply for Medigap do I have to do it before enrolling for part A and B or it can be after enrolling? I also would like to know when is the time frame to enroll to Medigap? Thanks!
Roman, many Medigap insurance companies will let you enroll up to 6 months prior to your 65th birthday even if you have yet to enroll in Parts A and B. If you turn 65 in July, now is the best time to get started. Call us anytime! (888)465-9728. We’d love the opportunity to assist 🙂
@Medicare Specialist - Abt Insurance Agency If you Enroll early for medical gap do you start a payingon your sixty fifth birthday or the day when you enroll?thank you
Hi Stephanie! I live in Ronkonkoma, Long Island, N. Y., where can I go to personally speak with someone about Medicare supplements insurance. I’m confused !
If I am presently not allowed to sign up for a Medigap Insurance policy because I am on Medicare and Medicaid simultaneously and at a future date my income increases to the point that makes me no longer eligible for Medicaid will I then be able to add a Medigap policy without underwriting or penalty and are insurance companies required to sell me a Medigap policy just as if I’d signed up for it at the same time as I signed up for Medicare Part B?
Whether someone dies of sickness or not, this intricate web of health care insurance will definitely kill them. Really puzzled how even middle-class people afford these health care expenses.
Is medicare obligated to cover all unexpected medical issues for example arthritis, alzheimer’s disease, cancer, mental diseases, respiratory diseases? If there is something medicare will NOT cover, is it more likely the insurance company will also NOT cover it?
Medigap plans must cover any claim approved by Medicare. Additionally, you can check on Medicare.gov (the search bar in the top right corner) to see what types of services Medicare does and does not cover. In general, Medicare covers all of the issues you’ve listed above, as well as any medically necessary medical service. I hope this helps!
The minute she said Medigap is sold by private insurance companies I said screw it. There's no way in hell I would trust a private insurance firm with my health. Money comes first with these jackals so the hell with them. There's absolutely nothing she can say to get me to believe that it would be in my best interest to trust an insurance company. JEEZ
Thank you and EZ on the eyes but why would not make a new video every year? It is not that much work as you are always looking for new customers no? Or did u just want new customers on 2020?? I donnnno??
Questions about Medigap? Leave them below!
Excellent info for the just turned 65 crowd... thanks.
Thank you for putting all this information in layman's terms.
Excellent resource. Thank you so much for your instructional informational video
Iam a new agent working on medicare I get a lot of knowlge because of this video
I'm 75 , i've been covered by my wife insurance ( she still works ) for several , years & I have a heart condition for the last 15 years , so I've also carried a medicare advantage plan that between the two , have always paid the bulk of anything I've had done , but she just turned 66, & is going to retire the first of next year , would I be able to pickup a medigap plan for my self when I loose her insurance ? She'salready talked to medicare & is signed up for medigap for herself.
This helps me for my health insurance exam 😭
Thanks for the nice presentation I'm actually studying for my health license here in Nevada and this answered a lot of my questions concerning Medigap
Max Sambucca so glad this could help!
Thank you for the massage and helping us to understand..
Hey thank you for this video! I’m studying for my L&H license in Missouri this definitely simplified some things for me!
Where do you find where you can compare prices of Medigap between different companies?
This is very good news. Best video. I like this video.
VERY GOOD JOB THANK YOU AND GOD BLESS YOU PLEASE KEEP UP THE GOOD WORK 👍
Thanks Stephanie for all of your very useful videos and information. I have a plan N, and at age 72 have been extremely fortunate to have very minimal medical care needs to date. That said, I am having difficulty getting an appointment with a specialist (urology), and the offices in question (plus my F.P.) will not accept me without a referral. Everything I've read from CMS information on down indicates I shouldn't need a referral, and that is one of the many things that made me choose a Medigap plan. Your thoughts? Thanks again for your informative videos.
Thank you for your help. Considering deferring my Part B and supplement G cause I have good coverage with my husbands job but just don’t know if that’s really a good idea for supplement G?
If your husband is actively employed and you have good (and inexpensive) medical coverage through his job, then you can delay Part B without penalty! When you do enroll, you'll have a new open enrollment period for Medigap/Plan G.
Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance.
As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy.
The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more indepth analysis of a client's health information.
The use of medical underwriting may be restricted by law in certain insurance markets.
If allowed, the criteria used should be objective, clearly related to the likely cost of providing coverage, practical to administer, consistent with applicable law, and designed to protect the long-term viability of the insurance system.
It is the process in which an underwriter considers the health conditions of the person who is applying for the insurance, keeping in mind certain factors like health condition, age, nature of work, and geographical zone.
After looking at all the factors, an underwriter suggests whether a policy should be given to the person and at what price, or premium.
What a very AI response. Thanks!
My mom qualified for disability and Medicaid when she was 55. It looks like she was enrolled in Medicare advantage. Wondering if she would be able to potentially sign up for medigap when she turns 65 if by any chance she doesn’t qualify for medicaid at that time.
Yes, she will have a new Medigap open enrollment period when she turns 65.
I've been trying soooo hard, with a broker, w/SSDI, Medicare A and B, with the buy in, paid fully with MA Health-, my medicaid, full, my secondary insurance. I get all benefits. I'm moving and I'm only eligible for medicaid, for Medicare B premium paid and I believe, as told today, qualify for Prescription drugs extra help. I'm so confused about the terms, as I'm on SSDI & was told not to get Medigap, bc of the premium. To get an an advantage plan. This is moving from MA to NC. I'm terrified 😨.
I was planning to get medicap I have Medicare my husband said when you get extra insurance to cover a and b over here I got Medicare I like to try to medigap and see if it's any good I'm Gwen Ammons from Ohio
Thanks Stephanie for the great information. One question that I have is will Medigap coverage go back and cover any medical costs the I may have that could happen before I apply for Medigap insurance since it seems that you have to be covered under parts A&B first? I believe you mentioned that you have 6 months to sign up for a Medigap policy. Thanks again.
The coverage will not apply retroactively to any claims that occurred before the plans start date. I hope this helps!
Stephanie I’m 68 and just started the process to enroll in Medicare A & B. On February 18 I will be on phone for my claim. Not sure what to expect! How will I be penalized for enrolling so late ? How soon should I cancel my covered ca as I know you can’t have both Covered Ca and Medicare at same time! Thanks Drew
If you missed your initial enrollment period and you sign up between Jan 1st - March 31st during the general election period then your Medicare coverage will begin on July 1st of this year. I hope this helps!
@@AbtInsuranceAgency Thank you very much for responding back.
So I’ll cancel my private insurance by July 1 so not to conflict with my Medicare A & B. Thanks for any advice Stephanie.
BLESS YOU
Do you have to go through medical underwriting when going from plan F to G with the same company as your plan F when outside of your 6 month window?
In most cases, yes. Switching to a new plan letter means a new application, which would be medically underwritten in most states.
Since it’s 2024 are there any changes since you made this video?
Not really - but for an updated 2024 Medigap video click here:The Best Medicare Supplement Plans in 2024
th-cam.com/video/htA-jr1tzAM/w-d-xo.html
Stephanie Today I learned Im good to go with Medicare Part A and my Medicare card will arrive in about 2 weeks. I think the rep said today that I will be able to shop for Medigap insurance once I get my Medicare card, but Part B doesn’t happen till July 1. So do I call a agent like yourself in 2 weeks or wait till June ?
You can start the shopping and enrollment process now for July! We would love for you to give us a call 🙂
888-465-9728
Hi Stephnie I have questions about co-insurance and medical insurance
I’d be happy to help! You can call 888-465-9728 or leave your questions here.
I’m ready to sign for AARP UnitedHealthCare supp. What do you think?
Michael, it depends on your area and your plan choice. I'd be happy to see how AARP/UHC compares to the other Medigap options you have available - please call 888-465-9728 or email me at stephanie@abtinsuranceagency.com !
My coworker sign up AARP united
How do serve seniors in State of Hawaii?
Thank you. This is very insightful. I have a fundamental question. Is Medigap insurance completely funded by beneficiaries? Or the firms who provide Medigap plans get reimbursed (completely or partially) by the government or CMS? I basically want to check if Medigap is a government plan (like Medicare and Medicaid) or a private/commercial plan. Thanks again.
Medigap is private. Not government funded.
I'm turning 65 in April. I intend to continue working and use my company's group insurance. Also, I have an 18-year old daughter covered on that plan. Do I have to sign up for Medicare Part A? My concern is missing a required window and paying lifetime penalties. Thank you.
No, you can delay Part A without penalty. When you go to enroll in Medicare upon retirement, your Part A will be made retroactive.
Hi Stephanie, I have a question. I'm turning 65 in July. in order to apply for Medigap do I have to do it before enrolling for part A and B or it can be after enrolling? I also would like to know when is the time frame to enroll to Medigap? Thanks!
Roman, many Medigap insurance companies will let you enroll up to 6 months prior to your 65th birthday even if you have yet to enroll in Parts A and B. If you turn 65 in July, now is the best time to get started. Call us anytime! (888)465-9728. We’d love the opportunity to assist 🙂
@Medicare Specialist - Abt Insurance Agency If you Enroll early for medical gap do you start a payingon your sixty fifth birthday or the day when you enroll?thank you
@@cathybellyfatlady you can’t enroll in Medigap until you’ve enrolled in Medicare part B
Hi Stephanie! I live in Ronkonkoma, Long Island, N. Y., where can I go to personally speak with someone about Medicare supplements insurance. I’m confused !
Hello! We help many folks in NY, so you can definitely give us a call! 888-465-9728
If I am presently not allowed to sign up for a Medigap Insurance policy because I am on Medicare and Medicaid simultaneously and at a future date my income increases to the point that makes me no longer eligible for Medicaid will I then be able to add a Medigap policy without underwriting or penalty and are insurance companies required to sell me a Medigap policy just as if I’d signed up for it at the same time as I signed up for Medicare Part B?
In some states loss of Medicaid qualifies you for a “guaranteed issue right” to buy a Medigap plan without medical underwriting.
So do we sign up medigap with insurance company.how it that works
You call us and we help you apply! The process is incredibly simple and done securely by phone. Call us any time, 888-465-9728
Whether someone dies of sickness or not, this intricate web of health care insurance will definitely kill them. Really puzzled how even middle-class people afford these health care expenses.
Is medicare obligated to cover all unexpected medical issues for example arthritis, alzheimer’s disease, cancer, mental diseases, respiratory diseases? If there is something medicare will NOT cover, is it more likely the insurance company will also NOT cover it?
Medigap plans must cover any claim approved by Medicare. Additionally, you can check on Medicare.gov (the search bar in the top right corner) to see what types of services Medicare does and does not cover. In general, Medicare covers all of the issues you’ve listed above, as well as any medically necessary medical service. I hope this helps!
The minute she said Medigap is sold by private insurance companies I said screw it. There's no way in hell I would trust a private insurance firm with my health. Money comes first with these jackals so the hell with them. There's absolutely nothing she can say to get me to believe that it would be in my best interest to trust an insurance company. JEEZ
Thank you and EZ on the eyes but why would not make a new video every year? It is not that much work as you are always looking for new customers no? Or did u just want new customers on 2020?? I donnnno??
We need 2025 now. No 2020😮
How does Boomer Benefits make THEIR money? I know y’all don’t do this service free just to be good guys.
This video explains how my brokerage makes money as an independent broker. I hope this helps!