This is fine for year one, but you are missing the biggest advantage of plan N ... The rates year over year don't go up nearly as fast. So plan G is gonna get more and more expensive faster than plan N as time goes on. Why? because plan G is guaranteed issue, which means they have a larger population of sicker people.
@@rfolea2 I tell that to so many people. Plan N should be considered the top choice by people going into Medicare. In some states HDG makes the most sense. That plan G monthly premium would be an albatross around your neck by the time you're 85.
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
I hear you; it's tough when COLA increases barely keep up with rising costs, and with Medicare premiums possibly going up again, it could feel even tighter this year. Having an advisor on your side is a great call-they can help you navigate these changes and make the most of what you’re getting. Here’s hoping for some better adjustments soon!!!
Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Suppose I'm hospitalized and I have random visit from a doctor or a specialist. A neurological consult for example. Do I have to pay the copay on plan n?
It depends on the state. And, even then, you can switch only during the enrollment period. In most states, you have to go through medical underwriting, and can be denied, or charged a higher rate.
Actually you can switch back and forth between Plan G and Plan N anytime during the year. There is no enrollment period but most of the time, you will be asked medical questions (underwriting).
@@wayneporter3647 Yes, Because you can't start Medicare until 65. The only exception is a disability, but the premiums will become extremeny high for Plan G and Plan N.
The thing is a lot of low income people can't afford this ins,the government should pay at least half of it,my state use to pay all of it but now they are taking 174. 90 out of my social security check. It's sad I have bills to and struggling
@medicare365 I'm not a fan of those at all, but if HDG is not available G and N are simply not affordable in those states for many people. It is what it is. As long as HDG is available I would never do one. If you get cancer it would be a nightmare.
Some big cities have good Advantage plans, like Phoenix. As a rule, I wouldn't get an Advantage plan unless I worked for the government, or an organization where they are the second payer.
@susanbrynt I live in Wisconsin. We customize our medigap policies here. There is a base plan and you can add riders to them to make them equivalent to the national plans. The G equivalent is the base plan plus four riders and the and the N equivalent is the base plan plus three riders and we have our own version of HDG. I am not of age yet but My plan is to go with plan N. If that's not affordable, I'll do. HDG.
Okay this maybe a silly question but does this payment come from your Medicare/Social Security 185.00 plus 155.00 ? Or do you pay monthly statements sorry just wondering
I have G for 2.5 years. You have nothing to think about your monthly bill. Had recent open heart surgery. No worries. But I am switching to N. N will cost me less every year & the percentage increases are smaller than G. G & N are practically identical in coverage & N has better savings over your lifetime.
To much money for either plan, yes the coverage is good but who can afford $4500.00 for medical insurance when your on SS fixed income? Plan D for $10.00? all brokers i talked to say $40-60 dollars. Most people are pretty much forced to go the plan C advantage plan and hope for the best. It cost nothing monthly with drug and dental coverage.
@medicare365 you probably omitted or missed a zero when you punched in the "10 visits at 20.00" part since either would have caused your total. But I def agree with you about plan n savings being considerable vs plan g for most people who without chronic conditions or hypochondriacs...
Good thing low income people are getting the large tax break on social security payments versus those who pay taxes on 85% of it. Between 2 and 7 thousand in less taxes.
@AndyB718 yell but I have to do an application so they might give me Medicaid and here in Texas it's very hard to get it because we have the governor who is a Republican and it's very hard to get the Medicaid
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
Please leave a long comment that will help others so I can pin it up top. Thank you!!!!
Nice to see you again Brian thank you !
Welcome back!
Great Job!!!
Appreciate it
Thank you!
You're welcome!
Happy New years Brian, wishing you a year of blessing🎋🎀🎄🎋🎀🎄🎋🎀
This is fine for year one, but you are missing the biggest advantage of plan N ... The rates year over year don't go up nearly as fast. So plan G is gonna get more and more expensive faster than plan N as time goes on.
Why? because plan G is guaranteed issue, which means they have a larger population of sicker people.
I’ll agree with that… next time I’ll mention it
@@rfolea2 I tell that to so many people. Plan N should be considered the top choice by people going into Medicare. In some states HDG makes the most sense. That plan G monthly premium would be an albatross around your neck by the time you're 85.
I keep saying that plan N should be considered most people's top choice going into Medicare. HDG for certain States.
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
I hear you; it's tough when COLA increases barely keep up with rising costs, and with Medicare premiums possibly going up again, it could feel even tighter this year. Having an advisor on your side is a great call-they can help you navigate these changes and make the most of what you’re getting. Here’s hoping for some better adjustments soon!!!
Totally agree. A good financial adviser is a game-changer. My portfolio is balanced for all market conditions, and it has returned 120% since early last year. My adviser and I are now working toward hitting a seven-figure goal, which could take another year.
My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Suppose I'm hospitalized and I have random visit from a doctor or a specialist. A neurological consult for example. Do I have to pay the copay on plan n?
What are the rules about switching back and forth between plan G and plan N?
It depends on the state. And, even then, you can switch only during the enrollment period. In most states, you have to go through medical underwriting, and can be denied, or charged a higher rate.
Actually you can switch back and forth between Plan G and Plan N anytime during the year. There is no enrollment period but most of the time, you will be asked medical questions (underwriting).
Do you have to be 65 to get on G-n
@@wayneporter3647 Yes, Because you can't start Medicare until 65. The only exception is a disability, but the premiums will become extremeny high for Plan G and Plan N.
The thing is a lot of low income people can't afford this ins,the government should pay at least half of it,my state use to pay all of it but now they are taking 174. 90 out of my social security check. It's sad I have bills to and struggling
What about underwriting when switch from plan g to plan n? What would cause denial or higher rates to make switch not advisable?
Things like having a stroke, heart attack etc.
Plan N. If you live in NY, Connecticut, Maine or Florida HDG or the best possible Advantage plan.
Not sure I agree with the advantage plan choice but the rest sounds ok
@medicare365 I'm not a fan of those at all, but if HDG is not available G and N are simply not affordable in those states for many people. It is what it is. As long as HDG is available I would never do one. If you get cancer it would be a nightmare.
Some big cities have good Advantage plans, like Phoenix. As a rule, I wouldn't get an Advantage plan unless I worked for the government, or an organization where they are the second payer.
@susanbrynt I live in Wisconsin. We customize our medigap policies here. There is a base plan and you can add riders to them to make them equivalent to the national plans. The G equivalent is the base plan plus four riders and the and the N equivalent is the base plan plus three riders and we have our own version of HDG. I am not of age yet but My plan is to go with plan N. If that's not affordable, I'll do. HDG.
Okay this maybe a silly question but does this payment come from your Medicare/Social Security 185.00 plus 155.00 ? Or do you pay monthly statements sorry just wondering
Also I am older then 65 but our insurance is extremely expensive
Most people pay Medicare $185 a month (2025). Then they get a supplement
I just got plan G .. I feel better protected then N
I feel well protected with N. And I like saving 400 dollars a year over G.
@@chuckg6039Plan N isn't tall enough for women in 3 inch heels
I have G for 2.5 years. You have nothing to think about your monthly bill. Had recent open heart surgery. No worries. But I am switching to N. N will cost me less every year & the percentage increases are smaller than G. G & N are practically identical in coverage & N has better savings over your lifetime.
To much money for either plan, yes the coverage is good but who can afford $4500.00 for medical insurance when your on SS fixed income? Plan D for $10.00? all brokers i talked to say $40-60 dollars. Most people are pretty much forced to go the plan C advantage plan and hope for the best. It cost nothing monthly with drug and dental coverage.
If you are that poor, you'll not be paying 4500/year for a Medigap Plan. The rates for those plans would be much less for lower income persons.
@@chuckg6039 How poor are you talking about?
@@chuckg6039 Rates for what plans would be much less?
You might want to check your math regarding the plan n, lol. I keep coming up with 1897.00 with 10 20.00 copays...
I did it on the fly…. It could be wrong 🤷🏽♂️
1897 is correct. Basic math.
@medicare365 you probably omitted or missed a zero when you punched in the "10 visits at 20.00" part since either would have caused your total. But I def agree with you about plan n savings being considerable vs plan g for most people who without chronic conditions or hypochondriacs...
$275 a month plan G ny
Most of the time more than that.
Like 317 ok?
Cheapest drug plan in suffolk County, ny $38.70 a month.
Seriously? What’s your zip code?
@medicare365 11746
Yes & aarp plan g is going to 324.75 & plan n 242.75.!
11746
I think you misplaced a decimal point -
I don't get enough money from social security so I can get plan G and N
Good thing low income people are getting the large tax break on social security payments versus those who pay taxes on 85% of it. Between 2 and 7 thousand in less taxes.
You may qualify for Medicaid also.
A friend of mine has medicare and Medicaid.
@AndyB718 yell but I have to do an application so they might give me Medicaid and here in Texas it's very hard to get it because we have the governor who is a Republican and it's very hard to get the Medicaid
Question? If you were Medicare eligible and financially could afford the yearly rate increases for Plan G, would you still consider Plan N ?
Question? If you were Medicare eligible and financially could afford the yearly rate increases for Plan G, would you still consider Plan N ?
I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor
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