As a person who got the unexpected news of cancer , I am thankful for having chosen a supplemental plan. My cats also appreciate the fact I didn’’t have to cut into their food budget!
I was diagnosed with cancer in 2022 at age 64, 1 year before qualifying for Medicare at age 65. Made the decision to purchase a Part G supplemental plan in 2023 (at which time cancer in remission) easy. Max. coverage and can see any doctor that accepts Medicare. Premiums are affordable, though they'll increase yearly both with inflation and age adjustments. But I already have a chart of the age adjustments, so that helps in planning. I did also have to buy a Part D drug plan, but wasn't a big deal. I'm paying less than $20/mo. I pay more for pet food.
Went through the whole video. I just retired this month and will make a decision as to what option I will choose I am a cancer survivor and gearing towards supplement plan G. It was actually the first time I am aware of that plan. I am actually signed up with Kaiser through my retirement health plan so I have to get more information on this. Thank you for all the information. You said send an elephant or hippo? I didn’t know how to do that.
I spent three weeks in the hospital with nursing home offered afterwards I had another ct scan after I got home along with two MRIs. I have not been turned down for any procedures and I’m very happy with getting extra money for over the counter drugs, 48 one way transportation to and from medical appointments and hospitals, dental work, eye exams and glasses and even gym membership. My friend has Medicare w a supplement and doesn’t get any of the above and pays co-pays. I also don’t have co pays Needless to say, I’m very happy with Medicare Advantage Dual healthcare with United.
I won't be 65 until June 2024, but have been doing a lot of research about this topic. I have watched several videos by others that explained the difference between the 2 ways to go, but had yet to find one that I felt comfortable passing on to my other 64 year old friends. My search has ended. Yours is the most even-handed, non-emotional one out there. You aren't just parroting the biased views of others.
Medicare Advantage is NOT Medicare but Private PPO or HMO Health Insurance. What the TV Commercials don't tell you is that actually you have signed away your rights to original Medicare when you choose an Advantage Plan. There is a 12 month window to return to original Medicare without Medical Underwriting in most States. Advantage Plans are better than nothing and are an option for people with low monthly retirement incomes.
@@guitarhillbilly1482 Medicare Advantage is an alternative to original Medicare, managed by private companies. One must first be enrolled in Medicare Parts A & B to be eligible for an Advantage plan. You can always return to original Medicare in the future without being subject to underwriting, but will be subject to underwriting to get a Supplement, in many cases.
"Better than nothing" until you develop a serious medical issue and start racking up denial of service for treatments that your doctor orders. A lot of health groups are no longer taking "Disadvantage Plans" for this reason. Their liabilities increase exponentially due to the sub par treatment they are limited by MA plans. It's becoming a huge issue in many areas. Seniors are dying prematurely every day because of these plans. Medicare Advantage isn't medicare.... It's privatized insurance that the companies are making double the profits vs Medigap plans. It's by far the biggest scam of all. The government is paying between $1200 to $1800 monthly per person on these plans. Guess whos supplementing this waste. Those of us on regular Medicare.
Rhino Thank you for sharing your knowledge. I am recently retired, 66 in Dec. The wife is 63 and still on my NC government employee health plan at $650/ month. Navigating between 2 separte healthcare systems is very confusing and complicated. You have helped me to see the need to investigate alternatives that will work for us now and when the wife is medicare eligible.👍👍
I'm 67 and still working but planing to retire at 70. I've watched countless of your competitor videos on YT and through this process educated myself about the choices of Medicare. But your video was the BEST, most comprehensive and unbiased I've ever seen and your youthful looks belie your wise old owl wisdom.
You must have a qualified insurance plan at work. Medicare and retirement are two different things. They want you paying for Part B as soon as you turn 65. Otherwise life long penalties. For example if you don't sign up within 3 months of your 65 birthday you have to wait a year then pay a 10% penalty for life.
@timsteinkamp2245 hi Tim, I think your comment implied this, but just want to make sure. You are not penalized if you postpone Medicare past 65 as long as you are covered by a group health plan through work.
@@Theretirementnerds Yes, I said qualified because I thought that was in the rules but that should include most or all group health plans through work. When you do change over to Medicare you have to prove it and I'm not sure what documentation they require. It is complicated because for me I had no insurance but many do and then there are new citizens that need to have credits or pay more and over income levels pay more. Very confusing but check it out early for your situation.
Regular Medicare plus a Plan G supplement was the absolutely obvious choice to me, because I want to choose my practitioner, treatment, facility, etc., rather than being tied down to one particular group.
Honest question - seriously, how often do we do this? Run off to any doctor we want to see? I think this does not happen. So, I'm dubious when people use this argument to justify a plan G. If you can afford it, knock yourself out. Case in point - about 30 years ago, almost ALL corporate funded or job related insurance plans went PPO. Nearly ALL of them. Most of us lived our life under the PPO plans. So, NOW it's an issue? Think about that.
@@cgilleybsw Medicare [Dis]Advantage is an HMO, far more restrictive than a PPO, which I have always chose over a less expensive HMO option for my employer-provided health insurance.
@@cgilleybsw This is true. Most employer-sponsored group medical insurance offered to active employees and their dependents for the last 35-40 years have been either HMO or PPO plans, that function in similar fashion to Medicare Advantage plans. So you already know the drill - Networks, prior authorization for certain services, etc. Many of these employer plans come with high deductibles, and high annual max of of pocket. Plus they usually don't offer a choice of insurance companies. Just take it or leave it, and they might change insurance companies next year. So Advantage plans can actually provide more choices and control by the enrollee, than they had when they were on an employer plan.
see my comment above. My advantage plan allows out of network with no extra charge as long as the doctor accepts Medicare! So your comments are inaccurate.
This video was so informative. My late husband was blessed to have a Supplement Plan G. Prior to beginning Medicare he began having neurological problems and was diagnosed with ALS. Thankfully we were able to receive the treatments he needed without the stress of co-pays, referrals, or pre authorizations. Instead of the healthcare process being a bear to deal with, it seemed more like leading a lamb.
You never mentioned underwriting, questions about your health, in order to switch from a MA to Original Medicare if you aren't happy with the Advantage plan you chose. I understand it can be very hard to switch if you have an underlying condition. What are some questions they might ask to deny you from switching?
@debbycoffey4788 we have a video that goes over switching. And, we just finished filming an update to this video where we go through the medical questions in more detail that we hope to release next week. Hopefully you are subscribed and can see that when it comes out. Here is the existing video: th-cam.com/video/djuGeI829M4/w-d-xo.html
@@Theretirementnerds "The ease of use" should be a 👑 (crown) all by it's self on the supplemental side. My future healthcare in retirement is towards a Plan N. Do you have any Plan N vs. Plan G videos? I know it all depends on your zip code. I am very lucky I don't live in a birthday state, as this just raises the cost of everyone's plan. From my understanding healthier people will pick N, for a reduced price per month over G, because their co-pays would not exceed the yearly price for G plans. Many people don't want to fool with co-pays at doctors offices, $50 for ER. It's cheaper because the patient takes on more risk. That reduction in plan price, after many years, a decade or more, can make the difference of someone keeping their plan and not have take an Advantage plan later. If you do run into a doctor that is non-participating in Medicare, which many say it's really very rare(some say only 0.7%)---besides you being the patient asking, that doctor has to inform you up front. Those non-participating doctors are not contracted with supplemental plans, therefore they can only bill you the patient. They need you to approve their fees before they can give you a service. Medicare does penalize doctors who are non-participating, so any excessive charge, the doctor won't get all of it. In a big healthcare group, including big hospital groups it's all or none. They either all participate or none participate. As of 2024 12,000 baby boomers reach retirement age everyday. For a doctor to try to squeeze a few extra dollars in excessive charge, after they are penalized, doesn't make any sense. They will just have less patients, and a huge headache to try to get patients to pay their bill.
I am 77 years old and I love animals, especially Rhinos. I really appreciated your unbiased evaluations of supplements vs advantage plans. I have had a supplement because I am a retired Tennessee state employee. I have had two cancers and paid very little for great service.
Your video was very good and informative. I'm currently on Supplement Plan G and thought about switching to Advantage to save the monthly fee. Even though I'm healthy and I haven't had to go to a doctor in years, I decided I don't want to worry about something happening and having to pay out more money if I'm on an Advantage Plan. I'm staying where I am. After listening to you with me, my dog completely agrees. 😋
The problem I’ve heard is that once you go to the advantage plan, you can never get back to the G plan again! If you want the G plan, you have to take it right when it’s offered the first time.
@simon359 I don't believe that's true. You can switch back, IF you're not having major health issues. They ask about your health. With regular things you'll be fine, but if it's major, you won't be able to switch back. Even though I've been very healthy, i.e., haven't even had a cold since 1986, that lasted a day or 2, you just never know what can happen, so I decided to stay on Plan G. If anything happened I don't like the idea of constant co-pays and having to pay a percentage of any hospitalizations. Plus, my medical at work was free for years, but the last 2 jobs I had, my medical was just over $300 a month (and that was in the legal field), so Plan G is cheaper than what I was paying through work.
@@buckywill9322 we'd be honored to help you (and the cats) in any way we can. Feel free to send me an email to erik@90daysfromretirement.com and include your zip code 😊
I’m a nurse case manager for a large Medicare advantage HMO. Your explanations are well structured and delivered. Great work in this year of the Dragon!
I am also a Nurse Case Manager and he did an excellent job explaining the different choices of health care for those over 65. I love my fur baby puppies. It was well worth it to watch all your videos to the end. It is a maze.
@cindykeith9427 thank you so much! You case managers are the front lines and deal with this every day. Appreciate you, and your comments mean more than you know!
Do you recommend Medicare Advantage or Supplment G for a couple who is healthy but not well off? My husband and I are 63 and 62, respectively. Not looking forward to making this decision.
While listening to your video, my dog was by my side. I have had a Medicare Advantage Plan for 2 years, and it has been working for me. I appreciate your explanation of both Medicare Advantage and Supplemental plans. It can be so confusing and overwhelming.
I had switched from Advantage to Plan G because I'm totally risk-averse. Good thing I did. Out of the blue, I got neurological symptoms that made it impossible to type, write, knit, hike, or even walk my dog. (Fast forward several months--turns out they were caused by the neurosurgeon who treated me 15 years ago). Because I live in a part of the country with very poor medical coverage, my PCP referred me to a university medical center in another state. I got first class care--surgery, hospitalization, home health all were billed to Medicare at over $350K. I paid nothing. If I had been on Advantage, I most likely would have been limited to the surgeon who caused my problem in the first place. And next week I'll go hiking with my dog for the first time in over a year.
I'm in the process of helping my father choose his coverage and he has always had a supplemental plan. We're a bit shellshocked at the increase in premiums and the premium free advantage plans are very tempting. But Dad has several health issues and sees a lot of doctors (afib, high blood pressure, sleep apena, wet AMD). He has several ER visits in the past few years (and one overnight hospitalization when his blood pressure spiked). He's 81 years old and I know that the odds are that he's going to have more health issues as we move forward and that he's probably better served with staying on a supplemental plan, even if it costs us more up front. So we will tighten our belts and swallow the costs now because there is something reassuring that if he does have to go to the hospital that I won't be facing a big bill afterwards. Our cats want Dad to stick around a long time.
Yeah... I don't know him or the family personally, nor the financial picture, but based on that health profile, a supplement plan definitely will keep healthcare costs at bay and flexibility when it comes to providers and treatment options. Appreciate you watching and sharing. Supplement premium increases are a big deal
I'm 85, which in dog years is quite old. I have Medicare and a supplement plan. I've had various surgeries, and since retirement I've never paid a dime for healthcare. I take three medications, which total $18 for a three month supply. This system works for me.
My dog & I listened to your whole talk. I'm still employed @ 77 years old & have my Union Healthcare plan paid for. I'm still confused, but my health is good & my work provides plenty of useful exercise.
What a great and thorough explanation. Thank you, most sincerely. I, and a friend, are both seniors. She with and Advantage Plan and I chose Supplemental. We both have the exact same diagnosis. Routine testing is required. Her coverage is approved for 1 time per year and has been denied for more frequent testing. My testing is approved for every time my doctor wants to do it (every 3 months). I will be pointing many to your video. Just to make the point: I have another friend, also a senior, that is older than me but very healthy. She's very happy with her no cost Advantage Plan. Thanks so much. Like an elephant, I'll never forget (God willing ☺)
That's what makes choosing so very difficult. My husband and I are healthy and in our early sixties. We would hate to waste money on an expensive health plan that we will hopefully never use. However, two of his sibllings have died from cancer so???
Before I retired 8 years ago, my employer paid most of my UnitedHealthcare supplemental plan F after I turned 65. Now I’m 79 and still in good health, thanks to the love and joy I receive from my cats Denny and Donny!! Every year I call UHC to see if there is a cheaper plan and why my plan has no perks at all. I hesitate to switch to an advantage plan and be under covered if I encounter a costly medical event. I pay separately for Plan D and also dental coverage. I can afford all the premiums, but it doesn’t seem fair. I know I’m grandfathered into plan F, but should I at least think about switching to plan G? Thank you very much.
As a physician caring for many senior patients who often ask questions about traditional MC v MC Advantage, I found your video very informative. Thank you. Dr. Cheetah
I have been chicken about leaving my company plan and going on Medicare even though I am 68 years old. Thanks for your clear explanations of the supplemental and Advantage plans.
As a rhinoceros a few years from sign up time, I am tending toward original medicare and supplement. Those "second three categories" are way more of a concern for me. I'd rather pay the premium and not have the risk of higher costs when i use the medical system. I'm currently struggling to pay off accumulated coinsurance from care after an accident. I also am very averse to needing referrals. This was one of the best videos - or presentations in any format - of this topic. Comprehensive, well paced, well balanced. It answered ALL my questions, and that is really saying something with this ludicrously complex issue. It really makes me want to move to a country where medical carfe is just taken care if without any of this profit-based bullshit. Thanks for sharing this info to all.
TH-cam algorithm showed me your video. Best explanation I have EVER seen (and no, I am not ‘blind as a bat!’) on this topic. So I have liked and subscribed. When I turned 65, I chose a Supplemental Plan G at the beginning as it did provide me with the peace of mind that are covered in the last three categories. I have also been one to try to persuade people away from Advantage plans because of some of the uncertainty you reference. However, rather than doing that going forward, I think I would be better to just share your video and channel with them. EXCELLENT! Thank You!
I was hospitalized with a heart issue. I spent a week in hospital I had an advantage plan. I live 1 1/2 blocks from a hospital but they didn’t participate in my plan (1) I went to a hospital 1/2 hour away that did. I was sent to a rehab facility after the week in the hospital. 2 days after arrival I was informed I contracted COVID. I was isolated for 2more weeks total of three weeks on my back in bed. When rehab began I couldn’t even stand. After 1week of intense pain and effort I was able to stand. I then received a call stating that my insurance had ended coverage and that I would be sent home I would require home care at my expense. I appealed and was granted a few more days. It was long enough to switch to plan g just in time. My cat was my inspiration. Everything is fine, I am walking and able to function at home now.
I'm a retired financial advisor, licensed for all major lines of insurance - everything except pet insurance. I'm also a freelance writer and editor of continuing education courses for insurance producers. This is as fine an explanation of a very complex subject as I have ever seen. Congratulations on an excellent job!
This is the second video I have seen on your channel. So grateful to have found a resource to help my husband and I navigate the complexities surrounding the decisions we need to make. They say you can lead a horse to water but can't make him drink. The average person is thirsty for reliable information and resources to help in the decision making. Thank you Erik for everything you are doing to educate us.
I’m 86 and have never regretted buying a supplement. I had a few moments this past year by being bombarded with ads from Advantage policies and all the perks. It’s getting too expensive and I need dental and eye care however their amounts of help aren’t that high. I like being able to pick my own Doctor, especially if I know how good their competency is. I did the pros and cons when I had to decide which one I wanted. Just hope I can keep up with the cost since I am a low income senior.
@@donnahunt813 FYI: for glasses, I pay out of pocket for an eye exam and order glasses online from eyebuydirect. I’m very nearsighted and have astigmatism and bifocals and I’ve always happy with the glasses I get. I order the top quality lenses they have. With a coupon, I pay $150 for glasses that would cost me over $600 if I didn’t buy them online. I like picking out frames online, I always felt rushed in the store to pick one out.
I was born in pig year and became eligible for Medicare this year. I signed up for a Medicare Advantage plan because it saves me $164 per month. Before I hit 65, I had a full body checkup and everything checked normal except I have osteoporosis. Weighing on the benefits, I chose Medicare Advantage for lower cost. I figured that I may stay healthy for the next couple of years or so.
In most states, you have to pass underwriting to move from an MA plan to supplemental, at least after the first year; some of the Northeast states don't have this problem. Point is, where this is a factor, IF you decide to change from MA to supplemental because your health declines, there is a good chance you won't get through underwriting (health check) or it will be an exorbitant cost. Hopefully you knew this and are in a state that makes the change painless, without underwriting.
I turn 65 next year, so doing my research now! I'll be working for the foreseeable future, so I'm pretty sure I can postpone enrollment, but I still want those ducks lined up.
The most clear differential presentation of both options for a newbie. My Newfoundland Arthur enjoyed the presentation as well. No questions, just a big thank you for the clarity and concise details in order to make an informed decision. Many thanks!
I have just signed up for Medicare and went with the advantage plan. My agent went through everything with me including the fact that I rarely go to doctors. He suggested that the advantage plan seemed to be the best fit for me. He also warned me that if I change my mind next year and want a supplement plan instead then it may have to go through underwriting before I am approved for it. If I had unlimited funds, I would have gone with a supplement but unfortunately when you go on social security, your income goes down not up. I did also take an extra cancer plan that would cover any out-of-pocket expenses for the current year that I use it. I think the agent I had did a great job explaining everything to me. He even read and explained every line of the plan I was signing up for before I signed anything. I think the best thing and most important thing you can do is to have a good agent to help you. Btw, I think your videos are the best I've ever seen! Here's the animal, I watched everything! 🦒
Your video are very informative and unbiased..and I listened till the end.. than you. I am on advantage plan and I been doing my own research on plans, deductibles, out of pocket etc and my plan still the best for me.. I am just worried about news that doctors and facilities are signing out of adv plans,, hopefully not in my plan 🐕
@@kimdiedrich9712 correct. Premiums for supplement plan carriers are in addition to Medicare Part B premiums, and with a Plan G, you still have the Medicare Part B deductible ($240 in 2024). However, with a supplement plan G, you don't need to pay the Part A deductible. The supplement plan takes care of that.
Thanks for the excellent video. I am on AARP Medicare Advantage UnitedHealthcare PPO. My wife was on the same plan, but we kept hearing bad things about Advantage and we both attempted to switch back to traditional medicare in 2023. She was accepted, I was not. I was told I could not because I had received a couple of steroid shots in my spine due to arthritis. We are both 71 and in good health for the most part. I have had cancer (16 years ago), but my wife is in excellent health and always has been. We also full time RV's. We winter in Tucson Nov-April and the rest of the year we migrate with the birds. I have just subscribed. I wish health care in America was not such a game show, but it is.
I am 66 and when I first retired I went with an Advantage plan and was happy with it until I needed it. I needed a Cat Scan for lung issues I was having and needed prior approval for the Cat Scan. The Advantage plan denied it and I spent three days on the phone back and forth talking to numerous people each day and never talking to the same person twice. After three days they said ok and I asked why they approved the Cat Scan and the person said they didn’t know why but it was approved. The next renewal period I went with regular Medicare and Plan G. This year I was in the hospital intensive care for four days and needed no approvals and my only cost was my $240. Deductible. My cost for the Plan G supplemental plan is $158. a month and boy is it worth it for the peace of mind of not worrying about a big medical bill and pre approvals.
That's awesome. $158 per month seems very affordable. I was worried that it would cost several hundred per month. Seems like an easier choice than I was expecting then.
I'm a healthy 70yr old, who just loves hanging out with my dog. So far the Advantage plan is working out great for me. Thanks for explaining the differences, I had no idea.
As a newish agent, this video was so informative and makes me feel like I can be even more of an unbiased asset to educate and guide my clients. Sure, this is how I make a living, but I need to feel like I’m helping people make a GOOD decision. Otherwise, I would not be able to sleep soundly at night. I have seen how ugly this industry can get and it’s really a shame that some agents put more value on a paycheck over a fellow human being’s livelihood. Great video! I give it 8/8 tentacles. 🐙😉
Thanks for the video. I think I'm getting a little more comfortable with what I want to choose. Just need to get some premium prices now. There are a lot of snakes out there so appreciate your channel.👏🏼
I am an agent myself and always strive to educate and inform. In my opinion, that is our most important job. I really appreciate this style of video, I think you did a great job with your pros and cons. Most people I visit have no understanding of this, but I am always happy to help. The worst thing to me is when you visit someone who knows now, they should have went a different route but can't. I'm always looking to Wolf down knowledge, keep up the good work!
I'm a first timer turning 65 very soon my last 6 years have been hell on earth so I will be going on the Supplimental plan, this will help protect my daughter and her dog bella. The cost is $100+ more than my work insurance but will cover more. I will be moving west in a year, so complete coverage from state to state is a must. Who wouldn't like the coverage of the White elephant in the room. Thx
As a 63 yo hep cat, I'm watching as many retirement videos as I can, and must say this is probably the most useful, concise, and apparently unbiased video I've seen to date. Describing who would benefit the most from each plan, is the perfect way to help people make an informed decision. Good job!
I am a 70-year-old woman who has been on the fence about whether I should use a Medicare advantage or the regular Medicare. By watching this video now I know what to ask my agent and what to look out for. I want to thank you very much for all your help and of your animals. The elephant is the most important to me.
We've been with Advantage plan for 20 yrs. Very satisfied with our chice, have had multiple surgeries with no issues. We've not been treated like a dog, or any other animal. Thanks for clearing up a lot of questions as to if we are on the correct plan.
Your comments helped me tremendously understand the differences between Advantage & Supplemental programs. During this enrollment period, I have been getting many solicitations to change. Your explanations clarified the differences. I wish the animal veterinarian programs were as clear. Thanks so much
I'm in the position right now where I am out of work and about to turn 65 so I need to choose a Medicare option in the next two weeks. Your vids have been extremely useful providing me the information I need, My dog and I sat through this video being very attentive. I really appreciate what you are doing, and I feel that when I speak with my agent next week I am in a much better position to understand the options.
I am 74 years old and still I'm working part-time. I no longer have my sweet little half yorkie/half dachshund, so no issues there! Haha! I currently have plan N and pay about $180 a month. I live in a rural area, but often I am in a larger city since my wife works there. So far, so good with the plan N. I do not plan to change, but only recently, the advantage plan became available in our county. I have a good agent who has given me seasoned advice, and I appreciate him. I've never watched a TH-cam video on this in my life, so I appreciate yours. Well done!
I am 89 yo and have been enrolled in UHC PPO Advantage Plan for 10 years. This Plan has provide my Medical needs thru Afib.Hip Surgeries, a Knee Surgery, Catract Surgery, Eye Glasses and Prescription Drugs. I am very pleased and will continue with UHC Advantage PPO. My "DOGS" are not covered but are very happy and healthy like me!!!
Thanx much for your research and candidness. I'm going to be 66 next week. I Had Kaiser for 10 years thru my employer. Getting Proper Care was so frustrating when I really hurt my back in a sporting accident. I had two herniated discs and severe sciatica was unable to walk at near a normal pace for 9 months! I requested an MRI. However, some Physicians Assistant told me that he wants to receive a Electro Myogram ( muscle conductivity test) prior to authorization for an MRI. I Screamed at him, that it's not Muscle, it's Nerve issues! I'm still waiting for the phone call for my Myogram test! That was 30 years ago! Advantage Plans are Identical to Kaiser!
Great video on Medicare Advantage vs. Supplement Plans. I am a Medicare Insurance Agent and Broker for Florida. I totally agree with your presentation, as it directly aligns with my explanations to my clients. I will share your video with my clients to further explain this important topic. Making the right decision before turning 65 will make a difference. Knowing the differences between Advantage and Supplement plans is vital, and it is a personal decision based on each person's health issues. Thanks for your video.😊
I am a Medicare Insurance Agent and Broker in Indiana - Your explanation of MA vs Supp is wonderful and aligns with my style. Good luck next month fellow Agents - ITS ALMOST TIME!!
Thank you so much. Turned 65 in May, have been moving like a 🐢on this and am completely lost and confused but we have a video conference with an agent later today. The prospect of supplement premiums is daunting but that may be the best choice for me.
I’m guessing there are different flavors of Kaiser Advantage plans out there and would be interested in hearing about which one you have. Kaiser is pretty good, and they have a lot of top rated doctors apparently, though they still only give you the 10 minutes per patient that so many doctors offices have implemented. (You really have to be in charge of your own health these days.)
my husband is 84 years of age and a severe diabetic 2 has had 3 toe amputation and a ear medicare advantage coverage has paid the cost of it all for five years and home care follow ups. his little dog Ming missed him while in hospital was so happy when he came home thank you for this video. Dallas,Texas
@@Theretirementnerds Why in the world are more than a couple of people mentioning dogs? 🐕 They have absolutely nothing to do with Medicare Plan selection... or do they? 🤔 Perhaps I should share the antics of my cat? 🙀
I have been on a UHC Advantage HMO plan for 7 years. It has paid for all of my big treatments including a detached retina and a knee replacement. They both cost me about $250. I pay 0 premium. I have saved over 26K in premiums. I exercise everyday. I have never smoked and don't have any chronic problems yet. I think I'm kind of stuck with it as I will pay a hefty price for a Suppliment plan at my current age.
As a new agent I am very grateful for your video. This is the type of agent that I inspire to be, one that is highly knowledgeable, one that educates and truly have a heart for people. God bless. 🐟
Thank you for the presentation. White elephants are highly prized in Thailand. I am 75 and have no health problem so I am going with a PPO plan. My supplement plan premiums were getting out of hand and higher every year. They amounted to more money per year than my out of pocket max on my PPO plan.
I'm still a few years out from medicare and I am so glad to have found your channel for some Pre- schooling on my options. My 4 dogs and 7 cats slept through the whole thing though. All of my babies are on the couch warm and snuggling and snoring together. 😴 Thankyou for the concise info.
I was just telling my chickens how happy I have been with my medicare advantage plan for the past 11 years here in St Louis. But it was interesting to listen to you review the pros and cons of each, and reaffirm that I am where I want to be. I applaud you for taking the high road and not pushing a plan because of higher commissions. Very good content. One thing I am impressed with on my plan is that it seems to keep adding valuable perks: health fitness reimbursement and hearing aids are now covered. I feel very fortunate!
Only because the Gov has stolen from our SS & Medicare funds to the tune of TRILLIONS OF DOLLARS! Vote Red to repay & preserve our benefits! Contact your representatives frequently to DEMAND VOTER ID NOW!
If young adults can’t get out of the debt incurred after college then it’s going to be very difficult for them to afford anything even after working a full day. This will lead to graduates not pursuing their degrees and accepting lower paying jobs not in their industry. All this leading to less money collected as a whole for the SS fund.
@@NEMO-NEMO, that "fund" (on paper only) was used (and probably still is) to subsidize the government's spending for decades. This means that all the contributions are GONE. This was exposed in the 2008 "I.O.U.S.A" documentary.
I've been a Medicare Broker for several years, and I love everything about this video, masterfully explained, easy to understand...awesome. And my cat also enjoyed it (that's a lie, he was pestering me the entire time, but hey, he's a cat, lol).
Paisley (our Dalmador dog) thoroughly enjoyed this video. I researched this to death and recently changed from a supplement plan to an advantage. I had recently moved and as I got older it was getting ver expensive. Your analysis was excellent! I’m in great health, rarely visit the Dr so I just put money back each month so I have my total out of pocket money available if needed. I was lucky enough to find an agent as honest and knowledgeable as you. Thank you!
I have an Advantage plan, specifically designed for my previous employer, Texas Retirement System for Teachers. It has NO donut hole & I use very expensive meds. My husband is not eligible for my plan, so currently has an Advantage Plan with 0 premium, but a medium size deductible on his drug plan, plus he pays Medicare B premium. He is 82, so the cost of a Supplement plan is quite high. Your video was the most informative I have seen or read about. The comparison between Advantage & Supplement was great & answered a lot of my questions. Medicare, in general, can be the elephant in the room, when you are with a large group of seniors. Thank you for the great video!
Just turned 65 last week and trying to make a decision on staying on spouses company health plan or switching to Medicare either Advantage or supplement plan. Which I would have seen this video months ago. I have been bombarded with phone calls, emails and texts for the past several months and come to the conclusion that making this decision gives me the same sensation as buying a car and having to deal with car salesmen focused on sales commission instead of my needs. After watching your elephant and Rhinos, I strongly urge others to watch the video to move from the vast assortment of options and plans, I now know what I want/need and can “shop” accordingly. Thanks for simplifying this important decision! Mike from Mobile
I always enjoy your videos and find them both informative and fair. My wife and I are currently on an Advantage Plan (I'm 75 and she's 73) but, in 2024, we will be staying away from our home for an extended period (about 4 months) for the first time. I was surprised to hear that switching Advantage Plans from our home to our temporary location and then back again was an option. I appreciate finding that out and will discuss with my agent. Thanks...Oh and I prefer the elephant.
@@Theretirementnerds Does switching Advantage plans like ClarkPrice mentioned above work outside the continental US (like a US territory like Guam for part of the year, then back to Maryland for the rest of the year)?
@napoleonmdusa8877 moving outside the coverage area qualifies you for a special election period. So basically, you move to Guam, cancel the Advantage plan. Move back, pick one up in Maryland.
Just turned 65. My broker tried to present all options and easy to understand. Very confusing. I appreciate your videos especially when I just watched one of those portraying this business as a DOG eat dog world. Having said that I hope my agent and I made the best choice. I really hate the whole thing. But thnx again for your unbiased presentation
Thank you so much for watching! The analysis paralysis and all the marketing messaging creates quite the whirlwind. I'm glad your agent was able to help you! Given they presented all options, rely on them for future decisions. Sounds like they are doing a good job!
Raining cats and dogs here as I ENJOYED your great summary of the options. I am very pleased with UHC Advantage. It seems they are helping STOP FRAUD and giving their customers greater benefits with some of the savings. I also don’t want extravagant expenses for my care in later years at the expense of others. The MAXIMUM annual cost to me is LESS than my extra costs would be for SUPPLEMENTAL insurance. Thank you UHC!
Animals are great. we heard that Medicare advantage can be dropped by the government. I understand doctors can drop out but do I need to worry about the advantage plan being dropped all together? Thank you. Enjoyed your video. Janet
Thank you for the fantastic and super helpful video! I'm currently in my initial enrollment for Medicare and I have had multiple conversations regarding Advantage vs Supplemental. You really helped me understand that 1) Advantage isn't a villain or a wild boar ;-) and 2) there are pluses and minuses to both. Your delivery is succinct, on point, and appreciated. I'm so glad I found your channel and look forward to more of your insightful videos.
Medicare Advantage is NOT Medicare but Private PPO or HMO Health Insurance. What the TV Commercials don't tell you is that actually you have signed away your rights to original Medicare when you choose an Advantage Plan. There is a 12 month window to return to original Medicare without Medical Underwriting in most States. Advantage Plans are better than nothing and are an option for people with low monthly retirement incomes.
I am thinking advantage plan is for me. Working for companies my whole life, I am familiar with managed care. I've had HMO and PPO, and they (especially PPO) worked for me so far. I can't see my future, but I live a healthy lifestyle so far and hopefully won't need to use the healthcare system too much. I don't like to prepay the expenses for things that may or may not happen, so I don't think the supplement plans are for me, but I can see that it makes sense to many seniors to take advantage of the supplement plans as they retire. Your little pet elephant is super cute. Thanks for the video!
I'm leaning toward the Supplemental Plan. I live in Wyoming, very rural all over. Not many providers here. Loved the video and so did my Newfoundland!!!
Hi Mr. This is my 1st time listening to you talk about Medicare. I just turned 65 last week. 😢This sounds so exhausting. All new news to me. Thx for the info. 🦏 to the end.
I really like your video and feel it’s the unbiased one I have watched. My dog sits with me as I watch videos. My husband has had 2 outpatient procedures this year along with a 5 day hospital stay. I don’t love his premiums on the supplemental plan but have been grateful for the coverage he has had. I find it peace of mind having the supplemental plan. I do have an agent I trust but always feel the need to understand Medicare coverage. Thank you for your help.
Thank you so much Susan! Appreciate you watching and adding your thoughts! I hope you and your husband are doing okay after the hospital experiences this past year.
I like this video. You are good in explaining both plans. I just turned 65 and most agents want me to choose advantage but I know they are not sincere agents, they just want the commissions. Because I listened to your previous video before I trust your video than my agent. Therefore, I am choosing supplement G because of freedom and administration.
Thank you for watching! There are agents that will push Advantage for commissions. There are also agents who recommend then because they are a good fit, depending on the person and area. Sounds like the freedom and flexibility are most important to you and a supplement Plan G definitely gives you that freedom and flexibility around your healthcare decisions! Appreciate you!
I am one of the people at the end of 2024 who is losing their advantage plan from United Health Care in VT. I have been, (happily), healthy but I just turned 70 so I have been researching my options. I enjoyed your TH-cam video. My dog & cat snuggle next to me while I research. :)
This is the most informative and most unbiased video I've seen on this topic. Yes, it's long (32 minutes), but this topic warrants at least 30 minutes for all the nuances that exist in the MA vs Medsup comparison. There was nothing I saw/heard in your video that could have been omitted without diminishing the high-quality explanations. The agent commissions part regarding higher commissions with MA plans for agents in the first year could be expanded upon (and you probably do in another video) because there is some nuance to that sub-topic. Comparing commission's over a longer, ex. 5-year period, may show negligible differences between the two choices when you consider a supplement plan also probably includes commissions from a PDP, dental, vision, etc. Overall, please keep producing. I've watched other videos from you and am so impressed with your thoroughness and objectivity. I'm an independent agent/broker and you are a wonderful resource! There's an elephant in the room.
Thank you so much Adam! This means a lot. Appreciate you watching and taking the time to comment. We do cover commissions just a little bit more in this video starting at about 13:20 th-cam.com/video/5Tl0Ut1tTEs/w-d-xo.html Thank you again!
I appreciate the full analysis of this topic without feeling like the presenter is busy trying to hawk something! I think managed care (like Kaiser) is fantastic, I just wish I had a crystal ball about how my health will go. Nice job on the long-form video, really well organized.
Thank you so much for tuning in! So glad to hear it was helpful :) People either love managed care like Kaiser or hate it. Doesn't seem to be a middle ground for many people, haha. We are doing a 48-state road trip and will address Kaiser when we hit the various states that have Kaiser. Appreciate you! 🦅
As an old "dog" I am concerned about moving from my supplement to an advantage and then being able to move back if I don't like the advantage, but I am not independently wealthy so the idea of saving money sounds very practical and reasonable.
Hi Paul! Thank you for watching! 🐕 Here is our video on switching if you want more details on what that all looks like: th-cam.com/video/djuGeI829M4/w-d-xo.html
Elephant. Born 1946. Always had Medicare and Plan F. Always had lots of procedures. The computer is now my first doctor. Your presentation excellent! I will switch to an advantage plan.
Finally a video that explains a very complicated subject in a relatively easy to understand for Matt. My wife and I have two very different medical needs and two very different plans. I have an advantage plan and my wife has supplementary plan. Anyway, this is pretty easy to understand. For a very complicated subject. Thank you.
I love dogs! You couldn’t have done a better job. I like how you didn’t lean to either side because it is too easy for many many agents to focus on one option. Im a full time recruiter so I see this day in and day out. You absolutely nailed it. An agent that is sole focused on one side of Medicare is not an agent in my opinion. Their fiduciary responsibility is to educate their client to make an informed decision- and you did just that. We need more people like you out there! Great job on this presentation!!!!
Fantastic video Erik. You are the GOAT in this space combining clarity, objectivity, and factual data. Other so called "experts" online just PARROT one another with their Medicare opinions and absolute recommendations. I'd be LION if I said this video isn't the best one on the web comparing the Medicare paths. Thank you!
Thank you. I find your approach and delivery of the subject insightful. I am 64 years old now, will be turning 6 in 8 months just doing some homework now, to help me down the road. I don’t have a dog yet, but when I retire I will get one. 😊thanks. Echoman.
Over here in Puerto Rico 🇵🇷, I'm in good health, but the advantage plan, tries forcing you to visit a network doctor, I tell them I'm in good health, I'll go to a doctor, when I'm feeling sick etc
A friend of mine who is wise like a fox was ready to go with a supplement plan, like me! He lives in the Baltimore area and stumbled on Johns Hopkins Advantage plan. He said whenever prior authorization is needed they just call themselves and seek approval. While oversimplified, it's probably pretty close to reality. If a world class hospital had an Advantage plan where I lived, I'd certainly take a look.
I've recently retired to spend more time with my dog, and since I'm approaching 65 I'm starting to educate myself on Medicare. This was super-helpful - thank you! Subscribed.
@@katherinebruno616 95 days in skilled nursing is considered "short-term care", and Medicare will allow "up to" 100 days, if it can be justified after a qualifying hospital stay. This applies to both original Medicare, as well as Advantage, although there have been many reports that getting that number of days approved with Advantage van be very tough. Medicare does not pay for long-term care. Skilled nursing care can be an important element in a patient's recovery, but be aware that a skilled nursing facility environment can be very a unpleasant experience (understaffing, uncomfortable, annoying roommates, terrible food, etc.), so if were me, I would want my stay to be the absolute minimum number of days necessary.
@@dougdellwo3274 are you saying if I end up in a nursing home( short term) Medicare pays for the bill?? I have a Medicare Advantage Plan “ Bluecross/Bluechip”. I’m learning everyday what it covers and what it don’t.,,My friend has the same plan and is afraid they will take his house also…He has just Medicare NOT Medicaid too…
Great video. For folks like me who are trying to get educated about Medicare choices we will be making in the near future, you help to FERRET out the key pros and cons of both Advantage and Supplement plans. Many thanks!
I have been following and watching your TH-cam videos for several months now and I have learned a great deal doing so. Your presentations are very clear, extremely informative and I feel your honesty every time, whether you're talking about Advantage or Supplemental plans. Your honesty inspires trust and I truly appreciate that, thank you! I still have many questions regarding my own situation before I begin walking through the Medicare maze, so I'll be sure to contact your team for further guidance. Also, thank you for addressing the white elephant in the room!..
Thank you so much! Your comment really means a lot as you stated exactly what we're hoping to be. And the elephant appreciates the attention 😉 We'd be honored to help when the time comes.
As a 75 year old retiree receiving SS only I have chosen to enroll in an Advantage plan every year although I have changed insurers from time to time. Fortunately, so far my medical costs have stayed low. I meet every fall with a SHIP agent at my local senior center to review plans. This video clarified the differences between advantage & supplemental plans and, while I will likely choose an advantage plan again, I thank you. It’s a wise owl that learns as much as possible before making a decision.👍
I’m 68 and going part time at work so I’m losing my insurance. When my parents needed ivermectin their advantage plan dr said he was not allowed to prescribe it. My friend who had a supplement went to her doctor and he gave her the rx. Based on this info I’m leaning toward a supplement to allow for my independent nature. I prefer freedom. Run wild horses, run! I make my own future decisions, not a ‘plan’ doctor. Granted, according to this situation I would save money with an advantage plan because I’m on zero meds, no medical problems and it would be cheaper. Nope. I’ll take freedom and choice. I eat food I make from scratch, exercise, walk my dog everyday, not a TV watcher, and have self discipline. We should be the captains of our own physical destiny. I’ve started raising chickens for healthy eggs and found a lady that provides raw milk. Ok, done with my animal references and rant. God bless all of you.
You just don't know, you're healthy but things change quickly at times, out of no where. Run wild an free and confident you don't have to about that tricky policy of not being able to return to that medicare supplement plan😊
@@beckyadams4161 that is a different question. Medicare is not allowed to provide Supplemental plans to those on Medicaid. I believe if you lose Medicaid, the option to return to Traditional Medicare is in effect, basically a 2nd open enrollment period. (I am not an expert, but am the Rep Payee for a friend. And this is what we found.) I love taking walks in nature & watching the birds in my garden.
I think it's rare to have Medicare situations involving pediatric doctors. People above 65 (42 in elephant years) are more likely to need a geriatrician than a pediatrician 😀. You made a good point about Medicare Advantage being similar to health insurance from work, which is what most people have for most of their lives, so they are used to deal with networks, HMO, PPO, PPO Plus, PPO Choice, etc. What does change is that their need for health care is usually higher after 65 than before.
Thank you. I understood all the info you provided. We signed up for the Advantange plan. I hope this is a good plan for us. Mostly chose this plan because the price seems better for us. When retirement comes with less income, it seems best for us. We have 2 Sulcata tortoises.❤
How fun! 🐢🐢 Thank you for watching and sharing your situation. Your agent will be a big help moving forward for you. Advantage plans can work very well for people. We have a whole video dedicated to how to switch as well. Appreciate you!
I’m a 69 y.o. retiree from public service in my state. I’m in relatively good health; my only chronic issue is high cholesterol which I take Rx to manage. I also need vision care. I chose one of the Advantage plans offered through my state’s public employee retirement system. After watching your video, I think (and feel relieved) I made the right decision. Thanks for the comprehensive overview of Advantage v. Supplemental plans! I will share it with my friend who is thinking about retiring next year. And BTW I’m partial to dogs! 😊
Thank you for the Medicare information, I agree 👍 will you, I won't be angry, the truth is really appreciated, thank you Eddie 😊hello from Puerto Rico 🇵🇷🇺🇸
Thank you for this video. My cats are learning as much about Medicare coverage as I am. They are probably thinking "just make the change, already!" Yes, I'm making the change to Advantage due to the costs. My plan G and plan D prescriptions are just too expensive for my very limited budget.
I really appreciate these videos, the content and straight forward comparisons you provide. You help us understand the elephant that is Medicare, one bite at a time! We've had Medicare with a Supplement so far, and based on what I learned from your video, I think that is where we will stay.
Great comparison of the plans. I worked in healthcare for over 20 years and have seen how these plans work. I have also seen, personally, how bad a Medicare advantage plan can be when my father chose one back in 2007. He was diagnosed with cancer and lost all his doctors and hospitals that he had used for years because they opted out of plan mid year. It was a nightmare finding new doctors and dealing with all the referrals and prior authorizations. When I reached 65, I chose a high deductible plan F supplement and traditional Medicare. I chose this for the freedom of choice without network restrictions of doctors and services. And a lower out of pocket cap. We Love our granddog yorkie, Rocket!
Third year on Medicare... I subscribed on the second video. Your detailed information and objective analysis are second to none. It's great to see a young person take such an interest in helping older folks as I have no doubt you could be successful doing about anything you chose to do. And somehow you've found a way to address all the questions I have very specifically. Keep up the great work!
As a person who got the unexpected news of cancer , I am thankful for having chosen a supplemental plan. My cats also appreciate the fact I didn’’t have to cut into their food budget!
Sorry about the news. I hope you are well! Thank you for spending time with us!
I was diagnosed with cancer in 2022 at age 64, 1 year before qualifying for Medicare at age 65. Made the decision to purchase a Part G supplemental plan in 2023 (at which time cancer in remission) easy. Max. coverage and can see any doctor that accepts Medicare. Premiums are affordable, though they'll increase yearly both with inflation and age adjustments. But I already have a chart of the age adjustments, so that helps in planning. I did also have to buy a Part D drug plan, but wasn't a big deal. I'm paying less than $20/mo. I pay more for pet food.
@laxnative4622 thank you for sharing your experience!
@@laxnative4622 I would like to know which part of plan paid for Rx relating to cancer treatment like CHEMO, Part B or Part D?
Went through the whole video. I just retired this month and will make a decision as to what option I will choose I am a cancer survivor and gearing towards supplement plan G. It was actually the first time I am aware of that plan. I am actually signed up with Kaiser through my retirement health plan so I have to get more information on this. Thank you for all the information. You said send an elephant or hippo? I didn’t know how to do that.
I have been a Medicare insurance agent for over 40 years
I am 68 and now on Medicare… I chose a Medicare Supplement
Thank you for sharing!
Why did you choose a supplement?
@@mont5584because the advantage plan is shit unless you’re healthy till death
Me too , I was an agent too and I pick the supplement plan
I spent three weeks in the hospital with nursing home offered afterwards I had another ct scan after I got home along with two MRIs. I have not been turned down for any procedures and I’m very happy with getting extra money for over the counter drugs, 48 one way transportation to and from medical appointments and hospitals, dental work, eye exams and glasses and even gym membership. My friend has Medicare w a supplement and doesn’t get any of the above and pays co-pays. I also don’t have co pays Needless to say, I’m very happy with Medicare Advantage Dual healthcare with United.
I won't be 65 until June 2024, but have been doing a lot of research about this topic. I have watched several videos by others that explained the difference between the 2 ways to go, but had yet to find one that I felt comfortable passing on to my other 64 year old friends. My search has ended. Yours is the most even-handed, non-emotional one out there. You aren't just parroting the biased views of others.
This means a lot! Thank you so much for taking the time to watch and share! 🦜
Medicare Advantage is NOT Medicare but Private PPO or HMO Health Insurance. What the TV Commercials don't tell you is that actually you have signed away your rights to original Medicare when you choose an Advantage Plan. There is a 12 month window to return to original Medicare without Medical Underwriting in most States.
Advantage Plans are better than nothing and are an option for people with low monthly retirement incomes.
@@guitarhillbilly1482 Medicare Advantage is an alternative to original Medicare, managed by private companies. One must first be enrolled in Medicare Parts A & B to be eligible for an Advantage plan. You can always return to original Medicare in the future without being subject to underwriting, but will be subject to underwriting to get a Supplement, in many cases.
"Better than nothing" until you develop a serious medical issue and start racking up denial of service for treatments that your doctor orders. A lot of health groups are no longer taking "Disadvantage Plans" for this reason. Their liabilities increase exponentially due to the sub par treatment they are limited by MA plans. It's becoming a huge issue in many areas. Seniors are dying prematurely every day because of these plans. Medicare Advantage isn't medicare.... It's privatized insurance that the companies are making double the profits vs Medigap plans. It's by far the biggest scam of all. The government is paying between $1200 to $1800 monthly per person on these plans. Guess whos supplementing this waste. Those of us on regular Medicare.
Spike has given you 2 barks out
of 3 , for your good work.🐕
Rhino
Thank you for sharing your knowledge. I am recently retired, 66 in Dec. The wife is 63 and still on my NC government employee health plan at $650/ month. Navigating between 2 separte healthcare systems is very confusing and complicated. You have helped me to see the need to investigate alternatives that will work for us now and when the wife is medicare eligible.👍👍
So glad it was helpful! Thank you so much for watching! 🦏
I'm 67 and still working but planing to retire at 70. I've watched countless of your competitor videos on YT and through this process educated myself about the choices of Medicare. But your video was the BEST, most comprehensive and unbiased I've ever seen and your youthful looks belie your wise old owl wisdom.
This means a lot. Thank you for watching and saying such nice things. Lots of great channels and agents out there 🙂
For sure!
You must have a qualified insurance plan at work. Medicare and retirement are two different things. They want you paying for Part B as soon as you turn 65. Otherwise life long penalties. For example if you don't sign up within 3 months of your 65 birthday you have to wait a year then pay a 10% penalty for life.
@timsteinkamp2245 hi Tim, I think your comment implied this, but just want to make sure. You are not penalized if you postpone Medicare past 65 as long as you are covered by a group health plan through work.
@@Theretirementnerds Yes, I said qualified because I thought that was in the rules but that should include most or all group health plans through work. When you do change over to Medicare you have to prove it and I'm not sure what documentation they require. It is complicated because for me I had no insurance but many do and then there are new citizens that need to have credits or pay more and over income levels pay more. Very confusing but check it out early for your situation.
Regular Medicare plus a Plan G supplement was the absolutely obvious choice to me, because I want to choose my practitioner, treatment, facility, etc., rather than being tied down to one particular group.
Great, fair analysis. I love animals - as my Morkie Chester will confirm 🐕
Honest question - seriously, how often do we do this? Run off to any doctor we want to see? I think this does not happen. So, I'm dubious when people use this argument to justify a plan G. If you can afford it, knock yourself out.
Case in point - about 30 years ago, almost ALL corporate funded or job related insurance plans went PPO. Nearly ALL of them. Most of us lived our life under the PPO plans. So, NOW it's an issue?
Think about that.
@@cgilleybsw Medicare [Dis]Advantage is an HMO, far more restrictive than a PPO, which I have always chose over a less expensive HMO option for my employer-provided health insurance.
@@cgilleybsw This is true. Most employer-sponsored group medical insurance offered to active employees and their dependents for the last 35-40 years have been either HMO or PPO plans, that function in similar fashion to Medicare Advantage plans. So you already know the drill - Networks, prior authorization for certain services, etc. Many of these employer plans come with high deductibles, and high annual max of of pocket. Plus they usually don't offer a choice of insurance companies. Just take it or leave it, and they might change insurance companies next year. So Advantage plans can actually provide more choices and control by the enrollee, than they had when they were on an employer plan.
see my comment above. My advantage plan allows out of network with no extra charge as long as the doctor accepts Medicare! So your comments are inaccurate.
This video was so informative. My late husband was blessed to have a Supplement Plan G. Prior to beginning Medicare he began having neurological problems and was diagnosed with ALS. Thankfully we were able to receive the treatments he needed without the stress of co-pays, referrals, or pre authorizations. Instead of the healthcare process being a bear to deal with, it seemed more like leading a lamb.
So sorry to hear about your husband. Yes, the ease of use is quite different between the two plans. I like your animal analogy 🙂
You never mentioned underwriting, questions about your health, in order to switch from a MA to Original Medicare if you aren't happy with the Advantage plan you chose. I understand it can be very hard to switch if you have an underlying condition. What are some questions they might ask to deny you from switching?
@debbycoffey4788 we have a video that goes over switching. And, we just finished filming an update to this video where we go through the medical questions in more detail that we hope to release next week. Hopefully you are subscribed and can see that when it comes out.
Here is the existing video:
th-cam.com/video/djuGeI829M4/w-d-xo.html
@@Theretirementnerds "The ease of use" should be a 👑 (crown) all by it's self on the supplemental side. My future healthcare in retirement is towards a Plan N.
Do you have any Plan N vs. Plan G videos? I know it all depends on your zip code. I am very lucky I don't live in a birthday state, as this just raises the cost of everyone's plan.
From my understanding healthier people will pick N, for a reduced price per month over G, because their co-pays would not exceed the yearly price for G plans. Many people don't want to fool with co-pays at doctors offices, $50 for ER. It's cheaper because the patient takes on more risk. That reduction in plan price, after many years, a decade or more, can make the difference of someone keeping their plan and not have take an Advantage plan later.
If you do run into a doctor that is non-participating in Medicare, which many say it's really very rare(some say only 0.7%)---besides you being the patient asking, that doctor has to inform you up front. Those non-participating doctors are not contracted with supplemental plans, therefore they can only bill you the patient. They need you to approve their fees before they can give you a service. Medicare does penalize doctors who are non-participating, so any excessive charge, the doctor won't get all of it.
In a big healthcare group, including big hospital groups it's all or none. They either all participate or none participate.
As of 2024 12,000 baby boomers reach retirement age everyday. For a doctor to try to squeeze a few extra dollars in excessive charge, after they are penalized, doesn't make any sense. They will just have less patients, and a huge headache to try to get patients to pay their bill.
I'm turning 65 in a couple of months I would love to afford a G plan with limited income I'll probably have to chose an advantage plan
I am 77 years old and I love animals, especially Rhinos. I really appreciated your unbiased evaluations of supplements vs advantage plans. I have had a supplement because I am a retired Tennessee state employee. I have had two cancers and paid very little for great service.
Thank you so much for watching and sharing your experience! 🦏
Your video was very good and informative. I'm currently on Supplement Plan G and thought about switching to Advantage to save the monthly fee. Even though I'm healthy and I haven't had to go to a doctor in years, I decided I don't want to worry about something happening and having to pay out more money if I'm on an Advantage Plan. I'm staying where I am. After listening to you with me, my dog completely agrees. 😋
Thank you so much for sharing this! So happy it was helpful for both of you 🐕🙂
The problem I’ve heard is that once you go to the advantage plan, you can never get back to the G plan again! If you want the G plan, you have to take it right when it’s offered the first time.
@simon359 I don't believe that's true. You can switch back, IF you're not having major health issues. They ask about your health. With regular things you'll be fine, but if it's major, you won't be able to switch back. Even though I've been very healthy, i.e., haven't even had a cold since 1986, that lasted a day or 2, you just never know what can happen, so I decided to stay on Plan G. If anything happened I don't like the idea of constant co-pays and having to pay a percentage of any hospitalizations. Plus, my medical at work was free for years, but the last 2 jobs I had, my medical was just over $300 a month (and that was in the legal field), so Plan G is cheaper than what I was paying through work.
How May I contact you for help on my decisions I need to make? The cats are worried for me as my retirement date fast approaches.
@@buckywill9322 we'd be honored to help you (and the cats) in any way we can.
Feel free to send me an email to erik@90daysfromretirement.com and include your zip code 😊
I’m a nurse case manager for a large Medicare advantage HMO. Your explanations are well structured and delivered. Great work in this year of the Dragon!
Thank you so much for watching and sharing this!
I am also a Nurse Case Manager and he did an excellent job explaining the different choices of health care for those over 65. I love my fur baby puppies. It was well worth it to watch all your videos to the end. It is a maze.
@cindykeith9427 thank you so much! You case managers are the front lines and deal with this every day. Appreciate you, and your comments mean more than you know!
Do you recommend Medicare Advantage or Supplment G for a couple who is healthy but not well off? My husband and I are 63 and 62, respectively. Not looking forward to making this decision.
As an insurance agent myself, you did a wonderful job in this video, accurate and factual. Now if I could only repeat to customers like a parrot.
While listening to your video, my dog was by my side. I have had a Medicare Advantage Plan for 2 years, and it has been working for me. I appreciate your explanation of both Medicare Advantage and Supplemental plans. It can be so confusing and overwhelming.
Thank you os much for watching and what a nice furry friend :) 🐶
I had switched from Advantage to Plan G because I'm totally risk-averse. Good thing I did. Out of the blue, I got neurological symptoms that made it impossible to type, write, knit, hike, or even walk my dog. (Fast forward several months--turns out they were caused by the neurosurgeon who treated me 15 years ago). Because I live in a part of the country with very poor medical coverage, my PCP referred me to a university medical center in another state. I got first class care--surgery, hospitalization, home health all were billed to Medicare at over $350K. I paid nothing. If I had been on Advantage, I most likely would have been limited to the surgeon who caused my problem in the first place. And next week I'll go hiking with my dog for the first time in over a year.
Thank you for sharing your experience 🐶
Glad to hear you'll be able to walk your dog again soon! Hope recovery is going okay!
That’s awesome! 👏 🤩
Thank you for the elephant advice, coming up on 65 and retirement.
@@sophieonthemtn1239 Good for you. Keep going. Bless you.
Rhino
I'm in the process of helping my father choose his coverage and he has always had a supplemental plan. We're a bit shellshocked at the increase in premiums and the premium free advantage plans are very tempting. But Dad has several health issues and sees a lot of doctors (afib, high blood pressure, sleep apena, wet AMD). He has several ER visits in the past few years (and one overnight hospitalization when his blood pressure spiked). He's 81 years old and I know that the odds are that he's going to have more health issues as we move forward and that he's probably better served with staying on a supplemental plan, even if it costs us more up front. So we will tighten our belts and swallow the costs now because there is something reassuring that if he does have to go to the hospital that I won't be facing a big bill afterwards. Our cats want Dad to stick around a long time.
Yeah... I don't know him or the family personally, nor the financial picture, but based on that health profile, a supplement plan definitely will keep healthcare costs at bay and flexibility when it comes to providers and treatment options. Appreciate you watching and sharing. Supplement premium increases are a big deal
I'm 85, which in dog years is quite old. I have Medicare and a supplement plan. I've had various surgeries, and since retirement I've never paid a dime for healthcare. I take three medications, which total $18 for a three month supply. This system works for me.
Thank you for watching 🐶 and sharing your experience!
Thank you verymuch ❤❤❤❤❤❤❤❤
My dog & I listened to your whole talk. I'm still employed @ 77 years old & have my Union Healthcare plan paid for. I'm still confused, but my health is good & my work provides plenty of useful exercise.
Thank you (both 🐶) for watching!
What a great and thorough explanation. Thank you, most sincerely. I, and a friend, are both seniors. She with and Advantage Plan and I chose Supplemental. We both have the exact same diagnosis. Routine testing is required. Her coverage is approved for 1 time per year and has been denied for more frequent testing. My testing is approved for every time my doctor wants to do it (every 3 months). I will be pointing many to your video. Just to make the point: I have another friend, also a senior, that is older than me but very healthy. She's very happy with her no cost Advantage Plan. Thanks so much. Like an elephant, I'll never forget (God willing ☺)
Thank you so much!! 🐘 so glad it was helpful and thank you for sharing your experiences!
That's what makes choosing so very difficult. My husband and I are healthy and in our early sixties. We would hate to waste money on an expensive health plan that we will hopefully never use. However, two of his sibllings have died from cancer so???
Before I retired 8 years ago, my employer paid most of my UnitedHealthcare supplemental plan F after I turned 65. Now I’m 79 and still in good health, thanks to the love and joy I receive from my cats Denny and Donny!! Every year I call UHC to see if there is a cheaper plan and why my plan has no perks at all. I hesitate to switch to an advantage plan and be under covered if I encounter a costly medical event. I pay separately for Plan D and also dental coverage. I can afford all the premiums, but it doesn’t seem fair. I know I’m grandfathered into plan F, but should I at least think about switching to plan G? Thank you very much.
Thank you as a 25 year Medicare professional you did a great honest presentation. 🐘🐘🐘
This means a lot! Thank you so much for taking the time to watch - to the end! ;)
As a physician caring for many senior patients who often ask questions about traditional MC v MC Advantage, I found your video very informative. Thank you. Dr. Cheetah
Thank you so much for taking the time to watch!
I have been chicken about leaving my company plan and going on Medicare even though I am 68 years old. Thanks for your clear explanations of the supplemental and Advantage plans.
As a rhinoceros a few years from sign up time, I am tending toward original medicare and supplement. Those "second three categories" are way more of a concern for me. I'd rather pay the premium and not have the risk of higher costs when i use the medical system. I'm currently struggling to pay off accumulated coinsurance from care after an accident. I also am very averse to needing referrals. This was one of the best videos - or presentations in any format - of this topic. Comprehensive, well paced, well balanced. It answered ALL my questions, and that is really saying something with this ludicrously complex issue. It really makes me want to move to a country where medical carfe is just taken care if without any of this profit-based bullshit. Thanks for sharing this info to all.
Makes me so happy to know this was helpful. Thank you so much for not just watching, but taking the time to write this. Means a lot!
Balance coverage. Thank you. Balanced and complete like an elephant.
TH-cam algorithm showed me your video. Best explanation I have EVER seen (and no, I am not ‘blind as a bat!’) on this topic. So I have liked and subscribed. When I turned 65, I chose a Supplemental Plan G at the beginning as it did provide me with the peace of mind that are covered in the last three categories. I have also been one to try to persuade people away from Advantage plans because of some of the uncertainty you reference. However, rather than doing that going forward, I think I would be better to just share your video and channel with them. EXCELLENT! Thank You!
Thank you so much! Means a lot!! 🦇
I was hospitalized with a heart issue. I spent a week in hospital I had an advantage plan. I live 1 1/2 blocks from a hospital but they didn’t participate in my plan (1) I went to a hospital 1/2 hour away that did. I was sent to a rehab facility after the week in the hospital.
2 days after arrival I was informed I contracted COVID. I was isolated for 2more weeks total of three weeks on my back in bed.
When rehab began I couldn’t even stand. After 1week of intense pain and effort I was able to stand. I then received a call stating that my insurance had ended coverage and that I would be sent home I would require home care at my expense.
I appealed and was granted a few more days. It was long enough to switch to plan g just in time. My cat was my inspiration.
Everything is fine, I am walking and able to function at home now.
Good luck!
Thank God and thank you for sharing this valuable information.
Your outcome was considerably better than my late Mother's....similar scenario, booted from rehab...but she was older as well.
I'm a retired financial advisor, licensed for all major lines of insurance - everything except pet insurance. I'm also a freelance writer and editor of continuing education courses for insurance producers. This is as fine an explanation of a very complex subject as I have ever seen. Congratulations on an excellent job!
You are very kind. Appreciate you spending time with me and your nice words :)
This is the second video I have seen on your channel. So grateful to have found a resource to help my husband and I navigate the complexities surrounding the decisions we need to make. They say you can lead a horse to water but can't make him drink. The average person is thirsty for reliable information and resources to help in the decision making. Thank you Erik for everything you are doing to educate us.
Thank you so much! This is so nice of you to say and makes us so happy that these videos are helpful! 🐎
I’m 86 and have never regretted buying a supplement. I had a few moments this past year by being bombarded with ads from Advantage policies and all the perks. It’s getting too expensive and I need dental and eye care however their amounts of help aren’t that high. I like being able to pick my own Doctor, especially if I know how good their competency is. I did the pros and cons when I had to decide which one I wanted. Just hope I can keep up with the cost since I am a low income senior.
@@donnahunt813 FYI: for glasses, I pay out of pocket for an eye exam and order glasses online from eyebuydirect. I’m very nearsighted and have astigmatism and bifocals and I’ve always happy with the glasses I get. I order the top quality lenses they have. With a coupon, I pay $150 for glasses that would cost me over $600 if I didn’t buy them online. I like picking out frames online, I always felt rushed in the store to pick one out.
Thank you for your excellent explanation. Dogs are cool and so are you
I was born in pig year and became eligible for Medicare this year. I signed up for a Medicare Advantage plan because it saves me $164 per month. Before I hit 65, I had a full body checkup and everything checked normal except I have osteoporosis. Weighing on the benefits, I chose Medicare Advantage for lower cost. I figured that I may stay healthy for the next couple of years or so.
Thank you for watching 🐽 and sharing your logic!
In most states, you have to pass underwriting to move from an MA plan to supplemental, at least after the first year; some of the Northeast states don't have this problem. Point is, where this is a factor, IF you decide to change from MA to supplemental because your health declines, there is a good chance you won't get through underwriting (health check) or it will be an exorbitant cost. Hopefully you knew this and are in a state that makes the change painless, without underwriting.
I'm approaching age 65 and Medicare is the white elephant in the room. Thanks for laying out the pros and cons of advantage vs. supplental.
Thank you for taking the time to learn more! 🐘
I turn 65 next year, so doing my research now! I'll be working for the foreseeable future, so I'm pretty sure I can postpone enrollment, but I still want those ducks lined up.
The most clear differential presentation of both options for a newbie. My Newfoundland Arthur enjoyed the presentation as well. No questions, just a big thank you for the clarity and concise details in order to make an informed decision. Many thanks!
Appreciate you taking the time to watch! 🐕
I have just signed up for Medicare and went with the advantage plan. My agent went through everything with me including the fact that I rarely go to doctors. He suggested that the advantage plan seemed to be the best fit for me. He also warned me that if I change my mind next year and want a supplement plan instead then it may have to go through underwriting before I am approved for it. If I had unlimited funds, I would have gone with a supplement but unfortunately when you go on social security, your income goes down not up. I did also take an extra cancer plan that would cover any out-of-pocket expenses for the current year that I use it. I think the agent I had did a great job explaining everything to me. He even read and explained every line of the plan I was signing up for before I signed anything. I think the best thing and most important thing you can do is to have a good agent to help you. Btw, I think your videos are the best I've ever seen! Here's the animal, I watched everything! 🦒
Sounds like your agent did a great job, which makes us so happy! Thank you for sharing your experience and watching (especially to the end) 🙂
Your video are very informative and unbiased..and I listened till the end.. than you. I am on advantage plan and I been doing my own research on plans, deductibles, out of pocket etc and my plan still the best for me.. I am just worried about news that doctors and facilities are signing out of adv plans,, hopefully not in my plan 🐕
@@EsterMoreno-b7b appreciate you watching! Especially until the end 🙂
What about premiums for Supplement carriers? I thought these were in addition to the deductible for Medicare B? And Medicare A has a $1650 deductible?
@@kimdiedrich9712 correct. Premiums for supplement plan carriers are in addition to Medicare Part B premiums, and with a Plan G, you still have the Medicare Part B deductible ($240 in 2024). However, with a supplement plan G, you don't need to pay the Part A deductible. The supplement plan takes care of that.
Thanks for the excellent video. I am on AARP Medicare Advantage UnitedHealthcare PPO. My wife was on the same plan, but we kept hearing bad things about Advantage and we both attempted to switch back to traditional medicare in 2023. She was accepted, I was not. I was told I could not because I had received a couple of steroid shots in my spine due to arthritis. We are both 71 and in good health for the most part. I have had cancer (16 years ago), but my wife is in excellent health and always has been. We also full time RV's. We winter in Tucson Nov-April and the rest of the year we migrate with the birds. I have just subscribed. I wish health care in America was not such a game show, but it is.
Thank you so much for watching and subscribing! Check out our recent videos because we are mid-48 state road trip 😀
In A mini van though... not an RV
I am 66 and when I first retired I went with an Advantage plan and was happy with it until I needed it. I needed a Cat Scan for lung issues I was having and needed prior approval for the Cat Scan. The Advantage plan denied it and I spent three days on the phone back and forth talking to numerous people each day and never talking to the same person twice. After three days they said ok and I asked why they approved the Cat Scan and the person said they didn’t know why but it was approved. The next renewal period I went with regular Medicare and Plan G. This year I was in the hospital intensive care for four days and needed no approvals and my only cost was my $240. Deductible. My cost for the Plan G supplemental plan is $158. a month and boy is it worth it for the peace of mind of not worrying about a big medical bill and pre approvals.
That's awesome. $158 per month seems very affordable. I was worried that it would cost several hundred per month. Seems like an easier choice than I was expecting then.
I LOVE CATS & DOGS--- I'M 91 & STILL TRYING TO FIGURE THINGS OUT, STILL TRYING TO SURVIVE. THANK YOU
That's amazing! Thank you for watching! 😺🐶
I'm a healthy 70yr old, who just loves hanging out with my dog. So far the Advantage plan is working out great for me. Thanks for explaining the differences, I had no idea.
Thank you so much for watching - to the end ;) and sharing your experience! Appreciate you!
How can you switch from one advantage plan to another if you split time between states seasonally. Don’t you have to wait for end of year enrollment?
As a newish agent, this video was so informative and makes me feel like I can be even more of an unbiased asset to educate and guide my clients. Sure, this is how I make a living, but I need to feel like I’m helping people make a GOOD decision. Otherwise, I would not be able to sleep soundly at night. I have seen how ugly this industry can get and it’s really a shame that some agents put more value on a paycheck over a fellow human being’s livelihood.
Great video! I give it 8/8 tentacles. 🐙😉
Haha thank you so much Kristen! 🐙
Agree with you. We are real people helping other real people. That means something to us.
Thanks for the video. I think I'm getting a little more comfortable with what I want to choose. Just need to get some premium prices now. There are a lot of snakes out there so appreciate your channel.👏🏼
I am an agent myself and always strive to educate and inform. In my opinion, that is our most important job. I really appreciate this style of video, I think you did a great job with your pros and cons. Most people I visit have no understanding of this, but I am always happy to help. The worst thing to me is when you visit someone who knows now, they should have went a different route but can't. I'm always looking to Wolf down knowledge, keep up the good work!
Thank you so much for tuning in and your kind words! 🐺
I'm a first timer turning 65 very soon my last 6 years have been hell on earth so I will be going on the Supplimental plan, this will help protect my daughter and her dog bella. The cost is $100+ more than my work insurance but will cover more. I will be moving west in a year, so complete coverage from state to state is a must. Who wouldn't like the coverage of the White elephant in the room. Thx
Thank you for watching and sharing your perspective! 🐘
As a 63 yo hep cat, I'm watching as many retirement videos as I can, and must say this is probably the most useful, concise, and apparently unbiased video I've seen to date. Describing who would benefit the most from each plan, is the perfect way to help people make an informed decision. Good job!
Thank you so much for watching and saying this! Means a lot! And way to stick through to the end :)
with you, we're so screwed.
I am a 70-year-old woman who has been on the fence about whether I should use a Medicare advantage or the regular Medicare. By watching this video now I know what to ask my agent and what to look out for. I want to thank you very much for all your help and of your animals. The elephant is the most important to me.
So glad this video was helpful! Thank you for tuning in! 🐘
We've been with Advantage plan for 20 yrs. Very satisfied with our chice, have had multiple surgeries with no issues. We've not been treated like a dog, or any other animal. Thanks for clearing up a lot of questions as to if we are on the correct plan.
Thank you so much for sharing this! 🐶
Me,too.
Your comments helped me tremendously understand the differences between Advantage & Supplemental programs. During this enrollment period, I have been getting many solicitations to change. Your explanations clarified the differences. I wish the animal veterinarian programs were as clear. Thanks so much
So glad it was helpful! Thank you for watching!
I'm in the position right now where I am out of work and about to turn 65 so I need to choose a Medicare option in the next two weeks. Your vids have been extremely useful providing me the information I need, My dog and I sat through this video being very attentive. I really appreciate what you are doing, and I feel that when I speak with my agent next week I am in a much better position to understand the options.
So glad to hear this was helpful! I hope the conversation with your agent went well! 🐕
I am 74 years old and still I'm working part-time. I no longer have my sweet little half yorkie/half dachshund, so no issues there! Haha! I currently have plan N and pay about $180 a month. I live in a rural area, but often I am in a larger city since my wife works there. So far, so good with the plan N. I do not plan to change, but only recently, the advantage plan became available in our county. I have a good agent who has given me seasoned advice, and I appreciate him. I've never watched a TH-cam video on this in my life, so I appreciate yours. Well done!
So glad you found us. Appreciate you sharing your experience! Sorry to hear your dog is no longer with you
I am 89 yo and have been enrolled in UHC PPO Advantage Plan for 10 years. This Plan has provide my Medical needs thru Afib.Hip Surgeries, a Knee Surgery, Catract Surgery, Eye Glasses and Prescription Drugs. I am very pleased and will continue with UHC Advantage PPO. My "DOGS" are not covered but are very happy and healthy like me!!!
Thank you so much for sharing your experience here! 🐶
Thanx much for your research and candidness. I'm going to be 66 next week. I Had Kaiser for 10 years thru my employer. Getting Proper Care was so frustrating when I really hurt my back in a sporting accident. I had two herniated discs and severe sciatica was unable to walk at near a normal pace for 9 months! I requested an MRI. However, some Physicians Assistant told me that he wants to receive a Electro Myogram ( muscle conductivity test) prior to authorization for an MRI. I Screamed at him, that it's not Muscle, it's Nerve issues! I'm still waiting for the phone call for my Myogram test! That was 30 years ago! Advantage Plans are Identical to Kaiser!
Thank you for your very clear explanation. I am 80 yrs. old with plan G & plan to keep it. I had an animal rescue for 30 ys. Be happy & stay healthy.
Thank you so much for watching! 🐶🐕
@@kathylinaker4869 God bless you! You gave your life to precious lives. Thank you
Great video on Medicare Advantage vs. Supplement Plans. I am a Medicare Insurance Agent and Broker for Florida. I totally agree with your presentation, as it directly aligns with my explanations to my clients. I will share your video with my clients to further explain this important topic. Making the right decision before turning 65 will make a difference. Knowing the differences between Advantage and Supplement plans is vital, and it is a personal decision based on each person's health issues. Thanks for your video.😊
Thank you so much, Don!
I am a Medicare Insurance Agent and Broker in Indiana - Your explanation of MA vs Supp is wonderful and aligns with my style. Good luck next month fellow Agents - ITS ALMOST TIME!!
As a licensed agent 20+ years, thank you for an excellent representation..education is key
Thank you!
Thank you so much. Turned 65 in May, have been moving like a 🐢on this and am completely lost and confused but we have a video conference with an agent later today. The prospect of supplement premiums is daunting but that may be the best choice for me.
Hope your meeting went well! Thank you for watching! 🐢
I have had Kaiser for 30+ years before Medicare eligibility. Now I have Kaiser advantage. I have never been denied service that I needed!
Thabk you for sharing this!
Wish you luck with MA coverage. When you really are in need of medical help, you may wish you had original Medicare but it may be too late....
My mother had Kaiser Advantage for many years. They were excellent on coverage and all other aspects.
My neighbor has the original Kaiser plan and it sucks. If they say no. Medicare even if approved will not cover.
I’m guessing there are different flavors of Kaiser Advantage plans out there and would be interested in hearing about which one you have. Kaiser is pretty good, and they have a lot of top rated doctors apparently, though they still only give you the 10 minutes per patient that so many doctors offices have implemented. (You really have to be in charge of your own health these days.)
my husband is 84 years of age and a severe diabetic 2 has had 3 toe amputation and a ear medicare advantage
coverage has paid the cost of it all for five years and home care follow ups. his little dog Ming missed him while in hospital was so happy when he came home
thank you for this video.
Dallas,Texas
Thank you for watching and sharing your experience with your husband. Sorry to hear about the health challenges! 🐶
@@Theretirementnerds Why in the world are more than a couple of people mentioning dogs? 🐕 They have absolutely nothing to do with Medicare Plan selection... or do they? 🤔 Perhaps I should share the antics of my cat? 🙀
I pray that your husband has a speedy recovery, especially after all he's been through. 🙏🏻
Sally, what were your copays through this trying time on Medicare Advantage? Best to your husband & little Ming. 😊
This is the most comprehensive and easy to understand presentation I've ever seen. And I really like your rhino!
Thank you so much for saying this! Means a lot! 🦏🙂
Thank you for your in-depth, excellent information, at 63, Im almost there and am in the gathering stage. I love all elephants, even white ones.
My kitty and I love your review. Just turned 65 and I believe I made the right choice after watching your video. ❤
Thank you so much for watching! 😺
I’m grateful for help in these complicated insurance scenarios. My dog is grateful too.
Appreciate you (both) for watching 🐶
Ya gotta make the doggo and bozo cats liked it.
Agreed....my dog wants me happy!
I have been on a UHC Advantage HMO plan for 7 years. It has paid for all of my big treatments including a detached retina and a knee replacement. They both cost me about $250. I pay 0 premium. I have saved over 26K in premiums. I exercise everyday. I have never smoked and don't have any chronic problems yet. I think I'm kind of stuck with it as I will pay a hefty price for a Suppliment plan at my current age.
Thank you so much for sharing your experience!
As a new agent I am very grateful for your video. This is the type of agent that I inspire to be, one that is highly knowledgeable, one that educates and truly have a heart for people. God bless. 🐟
So glad you found us! Thank you for watching!
Thank you for the presentation. White elephants are highly prized in Thailand. I am 75 and have no health problem so I am going with a PPO plan. My supplement plan premiums were getting out of hand and higher every year. They amounted to more money per year than my out of pocket max on my PPO plan.
Thank you so much for watching and sharing your experience! 🐘
I'm still a few years out from medicare and I am so glad to have found your channel for some Pre- schooling on my options. My 4 dogs and 7 cats slept through the whole thing though. All of my babies are on the couch warm and snuggling and snoring together. 😴 Thankyou for the concise info.
Thank you so much for watching!! Quite the crew of furry friends you have!
I was just telling my chickens how happy I have been with my medicare advantage plan for the past 11 years here in St Louis. But it was interesting to listen to you review the pros and cons of each, and reaffirm that I am where I want to be. I applaud you for taking the high road and not pushing a plan because of higher commissions. Very good content. One thing I am impressed with on my plan is that it seems to keep adding valuable perks: health fitness reimbursement and hearing aids are now covered. I feel very fortunate!
Thank you so much for watching and sharing your experience!
The elephant in the room is the future of Medicare and it’s solvency
Only because the Gov has stolen from our SS & Medicare funds to the tune of TRILLIONS OF DOLLARS! Vote Red to repay & preserve our benefits! Contact your representatives frequently to
DEMAND VOTER ID NOW!
If the Politicians stop using it as their personal funding, we will have enough.
The government can print money to cover it, just like they do for all the unnecessary and immoral perpetual wars they fund.
If young adults can’t get out of the debt incurred after college then it’s going to be very difficult for them to afford anything even after working a full day. This will lead to graduates not pursuing their degrees and accepting lower paying jobs not in their industry. All this leading to less money collected as a whole for the SS fund.
@@NEMO-NEMO, that "fund" (on paper only) was used (and probably still is) to subsidize the government's spending for decades. This means that all the contributions are GONE. This was exposed in the 2008 "I.O.U.S.A" documentary.
I've been a Medicare Broker for several years, and I love everything about this video, masterfully explained, easy to understand...awesome. And my cat also enjoyed it (that's a lie, he was pestering me the entire time, but hey, he's a cat, lol).
This is very kind of you. Thank you so much for watching and saying this! Cats never plan for the future 🤦♂️
Paisley (our Dalmador dog) thoroughly enjoyed this video. I researched this to death and recently changed from a supplement plan to an advantage. I had recently moved and as I got older it was getting ver expensive. Your analysis was excellent! I’m in great health, rarely visit the Dr so I just put money back each month so I have my total out of pocket money available if needed. I was lucky enough to find an agent as honest and knowledgeable as you. Thank you!
So glad you are happy with your plan and agent! Makes me happy! Appreciate you watching! 🐕
I have an Advantage plan, specifically designed for my previous employer, Texas Retirement System for Teachers. It has NO donut hole & I use very expensive meds. My husband is not eligible for my plan, so currently has an Advantage Plan with 0 premium, but a medium size deductible on his drug plan, plus he pays Medicare B premium. He is 82, so the cost of a Supplement plan is quite high. Your video was the most informative I have seen or read about. The comparison between Advantage & Supplement was great & answered a lot of my questions.
Medicare, in general, can be the elephant in the room, when you are with a large group of seniors.
Thank you for the great video!
Thank you so much for watching and sharing the arrangement you have currently. Appreciate you! 🐘
Just turned 65 last week and trying to make a decision on staying on spouses company health plan or switching to Medicare either Advantage or supplement plan. Which I would have seen this video months ago. I have been bombarded with phone calls, emails and texts for the past several months and come to the conclusion that making this decision gives me the same sensation as buying a car and having to deal with car salesmen focused on sales commission instead of my needs. After watching your elephant and Rhinos, I strongly urge others to watch the video to move from the vast assortment of options and plans, I now know what I want/need and can “shop” accordingly. Thanks for simplifying this important decision!
Mike from Mobile
This is super nice of you to say! Thank you! 🐘🦏
The calls and marketing are terrible. I wish there was a way to stop it all.
I always enjoy your videos and find them both informative and fair. My wife and I are currently on an Advantage Plan (I'm 75 and she's 73) but, in 2024, we will be staying away from our home for an extended period (about 4 months) for the first time. I was surprised to hear that switching Advantage Plans from our home to our temporary location and then back again was an option. I appreciate finding that out and will discuss with my agent. Thanks...Oh and I prefer the elephant.
Thank you so much!!
@@Theretirementnerds Does switching Advantage plans like ClarkPrice mentioned above work outside the continental US (like a US territory like Guam for part of the year, then back to Maryland for the rest of the year)?
@napoleonmdusa8877 moving outside the coverage area qualifies you for a special election period. So basically, you move to Guam, cancel the Advantage plan. Move back, pick one up in Maryland.
Just turned 65. My broker tried to present all options and easy to understand. Very confusing. I appreciate your videos especially when I just watched one of those portraying this business as a DOG eat dog world. Having said that I hope my agent and I made the best choice. I really hate the whole thing. But thnx again for your unbiased presentation
Thank you so much for watching!
The analysis paralysis and all the marketing messaging creates quite the whirlwind. I'm glad your agent was able to help you! Given they presented all options, rely on them for future decisions. Sounds like they are doing a good job!
Raining cats and dogs here as I ENJOYED your great summary of the options. I am very pleased with UHC Advantage. It seems they are helping STOP FRAUD and giving their customers greater benefits with some of the savings. I also don’t want extravagant expenses for my care in later years at the expense of others. The MAXIMUM annual cost to me is LESS than my extra costs would be for SUPPLEMENTAL insurance. Thank you UHC!
Thank you so much for watching and sharing your experience! 😺🐶
Animals are great. we heard that Medicare advantage can be dropped by the government. I understand doctors can drop out but do I need to worry about the advantage plan being dropped all together? Thank you. Enjoyed your video. Janet
I am 71. I have Kaiser MC advantage plan in Colorado. Everything I have needed has been taken care of. It’s wonderful
So good to hear! Thank you for sharing!
Thank you for the fantastic and super helpful video! I'm currently in my initial enrollment for Medicare and I have had multiple conversations regarding Advantage vs Supplemental. You really helped me understand that 1) Advantage isn't a villain or a wild boar ;-) and 2) there are pluses and minuses to both. Your delivery is succinct, on point, and appreciated. I'm so glad I found your channel and look forward to more of your insightful videos.
So glad it was helpful! Thank you for watching! Glad you found us, too 😊
Medicare Advantage is NOT Medicare but Private PPO or HMO Health Insurance. What the TV Commercials don't tell you is that actually you have signed away your rights to original Medicare when you choose an Advantage Plan. There is a 12 month window to return to original Medicare without Medical Underwriting in most States.
Advantage Plans are better than nothing and are an option for people with low monthly retirement incomes.
I am thinking advantage plan is for me. Working for companies my whole life, I am familiar with managed care. I've had HMO and PPO, and they (especially PPO) worked for me so far. I can't see my future, but I live a healthy lifestyle so far and hopefully won't need to use the healthcare system too much. I don't like to prepay the expenses for things that may or may not happen, so I don't think the supplement plans are for me, but I can see that it makes sense to many seniors to take advantage of the supplement plans as they retire. Your little pet elephant is super cute. Thanks for the video!
Thank you so much for watching 🐘
And sharing your thought process!
I'm leaning toward the Supplemental Plan. I live in Wyoming, very rural all over. Not many providers here. Loved the video and so did my Newfoundland!!!
Much fewer advantage options in Wyoming, for sure. We are doing videos in each of the 48-states. Wyoming will be coming up!
Hi Mr. This is my 1st time listening to you talk about Medicare. I just turned 65 last week. 😢This sounds so exhausting. All new news to me. Thx for the info. 🦏 to the end.
Glad you found us! Thank you for watching! 🦏
I really like your video and feel it’s the unbiased one I have watched. My dog sits with me as I watch videos. My husband has had 2 outpatient procedures this year along with a 5 day hospital stay. I don’t love his premiums on the supplemental plan but have been grateful for the coverage he has had. I find it peace of mind having the supplemental plan. I do have an agent I trust but always feel the need to understand Medicare coverage. Thank you for your help.
Thank you so much Susan! Appreciate you watching and adding your thoughts! I hope you and your husband are doing okay after the hospital experiences this past year.
I like this video. You are good in explaining both plans. I just turned 65 and most agents want me to choose advantage but I know they are not sincere agents, they just want the commissions. Because I listened to your previous video before I trust your video than my agent. Therefore, I am choosing supplement G because of freedom and administration.
Thank you for watching! There are agents that will push Advantage for commissions. There are also agents who recommend then because they are a good fit, depending on the person and area. Sounds like the freedom and flexibility are most important to you and a supplement Plan G definitely gives you that freedom and flexibility around your healthcare decisions! Appreciate you!
In spite of constant interruptions from my parakeets, I learned a lot from your video - thanks!!
Hi Beth! Sounds like the parakeets are big Medicare nerds like me :)
Thank you for spending time with us!
I am one of the people at the end of 2024 who is losing their advantage plan from United Health Care in VT. I have been, (happily), healthy but I just turned 70 so I have been researching my options. I enjoyed your TH-cam video. My dog & cat snuggle next to me while I research. :)
Appreciate you spending time with me! 🐶😺
With your plan canceling... you have lots of options.
This is the most informative and most unbiased video I've seen on this topic. Yes, it's long (32 minutes), but this topic warrants at least 30 minutes for all the nuances that exist in the MA vs Medsup comparison. There was nothing I saw/heard in your video that could have been omitted without diminishing the high-quality explanations. The agent commissions part regarding higher commissions with MA plans for agents in the first year could be expanded upon (and you probably do in another video) because there is some nuance to that sub-topic. Comparing commission's over a longer, ex. 5-year period, may show negligible differences between the two choices when you consider a supplement plan also probably includes commissions from a PDP, dental, vision, etc.
Overall, please keep producing. I've watched other videos from you and am so impressed with your thoroughness and objectivity. I'm an independent agent/broker and you are a wonderful resource! There's an elephant in the room.
Thank you so much Adam! This means a lot. Appreciate you watching and taking the time to comment.
We do cover commissions just a little bit more in this video starting at about 13:20
th-cam.com/video/5Tl0Ut1tTEs/w-d-xo.html
Thank you again!
I appreciate the full analysis of this topic without feeling like the presenter is busy trying to hawk something! I think managed care (like Kaiser) is fantastic, I just wish I had a crystal ball about how my health will go. Nice job on the long-form video, really well organized.
Thank you so much for tuning in! So glad to hear it was helpful :)
People either love managed care like Kaiser or hate it. Doesn't seem to be a middle ground for many people, haha.
We are doing a 48-state road trip and will address Kaiser when we hit the various states that have Kaiser.
Appreciate you! 🦅
As an old "dog" I am concerned about moving from my supplement to an advantage and then being able to move back if I don't like the advantage, but I am not independently wealthy so the idea of saving money sounds very practical and reasonable.
Hi Paul! Thank you for watching! 🐕
Here is our video on switching if you want more details on what that all looks like:
th-cam.com/video/djuGeI829M4/w-d-xo.html
I love the wise elephant.
Elephant. Born 1946. Always had Medicare and Plan F. Always had lots of procedures. The computer is now my first doctor. Your presentation excellent! I will switch to an advantage plan.
Thank you so much for tuning in! 🐘
Finally a video that explains a very complicated subject in a relatively easy to understand for Matt. My wife and I have two very different medical needs and two very different plans. I have an advantage plan and my wife has supplementary plan. Anyway, this is pretty easy to understand. For a very complicated subject. Thank you.
Thank you so much David! Appreciate you watching and sharing your experience!
I love dogs! You couldn’t have done a better job. I like how you didn’t lean to either side because it is too easy for many many agents to focus on one option. Im a full time recruiter so I see this day in and day out. You absolutely nailed it. An agent that is sole focused on one side of Medicare is not an agent in my opinion. Their fiduciary responsibility is to educate their client to make an informed decision- and you did just that. We need more people like you out there! Great job on this presentation!!!!
Thank you so much for tuning in! 🙂🐶🐕
Fantastic video Erik. You are the GOAT in this space combining clarity, objectivity, and factual data. Other so called "experts" online just PARROT one another with their Medicare opinions and absolute recommendations. I'd be LION if I said this video isn't the best one on the web comparing the Medicare paths. Thank you!
Wow! You are too kind! And a BEAST at animal references 😏
White elephant is my favorite.
@JVANCLEVE - You ain't KID-ding. Excellent reply
Thank you. I find your approach and delivery of the subject insightful. I am 64 years old now, will be turning 6 in 8 months just doing some homework now, to help me down the road. I don’t have a dog yet, but when I retire I will get one. 😊thanks. Echoman.
Over here in Puerto Rico 🇵🇷, I'm in good health, but the advantage plan, tries forcing you to visit a network doctor, I tell them I'm in good health, I'll go to a doctor, when I'm feeling sick etc
A friend of mine who is wise like a fox was ready to go with a supplement plan, like me! He lives in the Baltimore area and stumbled on Johns Hopkins Advantage plan. He said whenever prior authorization is needed they just call themselves and seek approval. While oversimplified, it's probably pretty close to reality. If a world class hospital had an Advantage plan where I lived, I'd certainly take a look.
Thank you so much for watching and sharing this! 🦊
The wise owl goes for the Supplemental plan.
🙂🦉
I've recently retired to spend more time with my dog, and since I'm approaching 65 I'm starting to educate myself on Medicare. This was super-helpful - thank you! Subscribed.
So glad it was helpful! Thank you for watching and subscribing! 🐶
The elephant never forgetets to say thanks to you after her 95 days in skilled nursing care. She went home healthy with her finances in place.
What plan paid 95 days in a nursing home? I don’t know what plan covers long term care like that
@@katherinebruno616 95 days in skilled nursing is considered "short-term care", and Medicare will allow "up to" 100 days, if it can be justified after a qualifying hospital stay. This applies to both original Medicare, as well as Advantage, although there have been many reports that getting that number of days approved with Advantage van be very tough. Medicare does not pay for long-term care.
Skilled nursing care can be an important element in a patient's recovery, but be aware that a skilled nursing facility environment can be very a unpleasant experience (understaffing, uncomfortable, annoying roommates, terrible food, etc.), so if were me, I would want my stay to be the absolute minimum number of days necessary.
@@dougdellwo3274 are you saying if I end up in a nursing home( short term) Medicare pays for the bill?? I have a Medicare Advantage Plan “ Bluecross/Bluechip”. I’m learning everyday what it covers and what it don’t.,,My friend has the same plan and is afraid they will take his house also…He has just Medicare NOT Medicaid too…
Great video. For folks like me who are trying to get educated about Medicare choices we will be making in the near future, you help to FERRET out the key pros and cons of both Advantage and Supplement plans. Many thanks!
Thank you! Clever comment 😏
Love the FERRET in your comment.
I have been following and watching your TH-cam videos for several months now and I have learned a great deal doing so. Your presentations are very clear, extremely informative and I feel your honesty every time, whether you're talking about Advantage or Supplemental plans. Your honesty inspires trust and I truly appreciate that, thank you! I still have many questions regarding my own situation before I begin walking through the Medicare maze, so I'll be sure to contact your team for further guidance. Also, thank you for addressing the white elephant in the room!..
Thank you so much! Your comment really means a lot as you stated exactly what we're hoping to be. And the elephant appreciates the attention 😉
We'd be honored to help when the time comes.
As a 75 year old retiree receiving SS only I have chosen to enroll in an Advantage plan every year although I have changed insurers from time to time. Fortunately, so far my medical costs have stayed low. I meet every fall with a SHIP agent at my local senior center to review plans. This video clarified the differences between advantage & supplemental plans and, while I will likely choose an advantage plan again, I thank you. It’s a wise owl that learns as much as possible before making a decision.👍
I’m 68 and going part time at work so I’m losing my insurance. When my parents needed ivermectin their advantage plan dr said he was not allowed to prescribe it. My friend who had a supplement went to her doctor and he gave her the rx. Based on this info I’m leaning toward a supplement to allow for my independent nature. I prefer freedom. Run wild horses, run! I make my own future decisions, not a ‘plan’ doctor. Granted, according to this situation I would save money with an advantage plan because I’m on zero meds, no medical problems and it would be cheaper. Nope. I’ll take freedom and choice. I eat food I make from scratch, exercise, walk my dog everyday, not a TV watcher, and have self discipline. We should be the captains of our own physical destiny. I’ve started raising chickens for healthy eggs and found a lady that provides raw milk. Ok, done with my animal references and rant. God bless all of you.
You just don't know, you're healthy but things change quickly at times, out of no where. Run wild an free and confident you don't have to about that tricky policy of not being able to return to that medicare supplement plan😊
What if I have partial medicade and Medicare 😊
@@beckyadams4161 that is a different question. Medicare is not allowed to provide Supplemental plans to those on Medicaid. I believe if you lose Medicaid, the option to return to Traditional Medicare is in effect, basically a 2nd open enrollment period. (I am not an expert, but am the Rep Payee for a friend. And this is what we found.)
I love taking walks in nature & watching the birds in my garden.
@@giancolabird Ivermectin for what? Worms?
@ please see my response below. I think my response went to a general answer when I was attempting to respond to you. God bless.
I think it's rare to have Medicare situations involving pediatric doctors. People above 65 (42 in elephant years) are more likely to need a geriatrician than a pediatrician 😀.
You made a good point about Medicare Advantage being similar to health insurance from work, which is what most people have for most of their lives, so they are used to deal with networks, HMO, PPO, PPO Plus, PPO Choice, etc. What does change is that their need for health care is usually higher after 65 than before.
All excellent points! Correct on all fronts. And the elephant years calculation is impressive 👏
Thank you. I understood all the info you provided. We signed up for the Advantange plan. I hope this is a good plan for us. Mostly chose this plan because the price seems better for us. When retirement comes with less income, it seems best for us. We have 2 Sulcata tortoises.❤
How fun! 🐢🐢
Thank you for watching and sharing your situation. Your agent will be a big help moving forward for you. Advantage plans can work very well for people. We have a whole video dedicated to how to switch as well. Appreciate you!
I’m a 69 y.o. retiree from public service in my state. I’m in relatively good health; my only chronic issue is high cholesterol which I take Rx to manage. I also need vision care. I chose one of the Advantage plans offered through my state’s public employee retirement system. After watching your video, I think (and feel relieved) I made the right decision. Thanks for the comprehensive overview of Advantage v. Supplemental plans! I will share it with my friend who is thinking about retiring next year. And BTW I’m partial to dogs! 😊
Thank you for watching and sharing! Makes me glad to know it is helpful. Appreciate you! 🐶
Thank you for the Medicare information, I agree 👍 will you, I won't be angry, the truth is really appreciated, thank you Eddie 😊hello from Puerto Rico 🇵🇷🇺🇸
Thank you Eddie!
Thank you for this video. My cats are learning as much about Medicare coverage as I am. They are probably thinking "just make the change, already!" Yes, I'm making the change to Advantage due to the costs. My plan G and plan D prescriptions are just too expensive for my very limited budget.
Thank you so much for watching and I'm glad to have some cats following our content as well :)
I really appreciate these videos, the content and straight forward comparisons you provide. You help us understand the elephant that is Medicare, one bite at a time! We've had Medicare with a Supplement so far, and based on what I learned from your video, I think that is where we will stay.
Thank you so much! Your comment means a lot! And we're very happy that you are in an arrangement that is working well for you. Great use of the 🐘 :)
Great comparison of the plans. I worked in healthcare for over 20 years and have seen how these plans work. I have also seen, personally, how bad a Medicare advantage plan can be when my father chose one back in 2007. He was diagnosed with cancer and lost all his doctors and hospitals that he had used for years because they opted out of plan mid year. It was a nightmare finding new doctors and dealing with all the referrals and prior authorizations. When I reached 65, I chose a high deductible plan F supplement and traditional Medicare. I chose this for the freedom of choice without network restrictions of doctors and services. And a lower out of pocket cap. We Love our granddog yorkie, Rocket!
Thank you so much for watching! 🐶☺
Third year on Medicare... I subscribed on the second video. Your detailed information and objective analysis are second to none. It's great to see a young person take such an interest in helping older folks as I have no doubt you could be successful doing about anything you chose to do. And somehow you've found a way to address all the questions I have very specifically. Keep up the great work!
This makes us so happy! Thank you for watching, subscribing, and sharing such a kind comment! Appreciate you, Kent!