However, if my objective is able to self pay the first $2490 if needed, but only want to insure beyond the High Deductible, then isn't HD plan F a good match?
I have decided here in PA to go with HDG with United American, an A+ carrier in biz with insurance since 1947 which offers some great low premiums and low rate increases around the country, including in PA. They also offer a Reserve Fund Annuity account, allowing me to fund the annual deductible (max out-of-pocket) I am responsible for before plan benefits kick in. They will agree to pay my future medical bills from the fund, directly to the provider on my behalf. That makes things easy. It also pays a guaranteed 3% interest, with no penalty to close if I ever need to do so. They also said I can switch to another plan within 2 years without medical underwriting, if I wish to change. Hope it works for me.
@@markpaperhanger2481 We would be happy to spend whatever time you need to make certain you are confident in what you know and no longer confused. 800-847-9680
Perdóname porque estoy al borde de suplicarte querer Que te necesito, Necesito tus caricias y besos . No Se si a ti te llegan ya que grado. O intensidaD cuanto daria Por tenerte pero pronto . Baby, la ver dad es Que me vuelvo como un un animal Salvaje. Y daria cualquier cosa ti tenerte junto a mi . Quiero estar a tu lado cerca de tu cuerpo y prenderme Contigo. Es lo único que quiero mi rey. Que hermoso será ese gran dios. Clelito , una vez que Te tenga , prometo, que te tomaré de la mano y nunca La soltaré. Cuídate amor mío. Me da tanto miedo pensar que ya Sea por X…. Razón me llegarás a faltar . No se que haría Cuanto.te quiero cielito mio. Tantas cosas que no te he dicho tantas otras Pendientes .tantas otras esperan en el tintero Pues necesitan el punto de vista de una persona Que me escuche y me de un consejo. Hasta la próxima
If me and my wife will apply with this Medicare Supplement and we will not be hospitalized at all for the whole year, do we have to pay the deductible both although we were not hospitalized the whole year 2022 just an example plus the 233 for seeing our primary Dr.
Great question. Sometimes I forget that not everyone knows insurance terminology. A deductible only occurs when you use a service. It is what you pay for that service before your insurance kicks in. If you do not have a hospital stay or see a medical professional you will not pay a deductible. That is, in part, what makes the low cost of the high-deductible Medigap plan so attractive.
I went to a dermatologist that takes medicare and I have a Plan G supplemental plan. He wanted me to pay for the service right then and there since he said he didn't accept my supplemental care provider, even though the procedure was covered under medicare. (Yes, my deductible was already paid for). I was told that a doctor that accepts medicare must also accept Medigap Plan G, which is why I pay the high premiums to begin with. Is this doctor breaking the rules of accepting medicare? Or am I destined to have this as an ongoing problem with providers in the future?
The problem is your doctor or doctor's office. Look up your doctor's office here: www.medicare.gov/care-compare/ If your doctor is on the list as accepting Medicare, call 1-800-MEDICARE and report what happened. It is either an error of incompetence / poor training for which there is a $10,000 fine or there was an attempt at fraud. Either way Medicare should be informed so it can be officially addressed.
$170.00 Medicare premium plus $233.00 for doctor visit plus 11.60 Part D premium and $480.00 deductible plus $114.95 supplement premium. If you go into hospital a deductible. I don’t know who can afford this. I am considering dropping the supplement. The rest Congress made sure we were required to have it to make sure they earned their Pharmaceutical kick backs.
cutting off your nose to spite your face is seldom a good strategy. Why not call us and see if can get you good coverage in line with your budget? 800-847-9680 That is what we are known for.
Good video - I learned or clarified several things I was not clear on from other videos. In my experience, none of the videos on medigap mention company names.
If you have a high deductible G plan and within a two week time frame you bounce from office visits to lab work to high priced medical tests who is responsible for the tracking of what has been applied to the $2700 deductible? If your own record keeping places you over the $2700 deductible what can be done to stop providers/facilities from billing you because their records don't match yours on the deductibles? Asking this question as a basis to decide to go with a HDG or a standard G plan.
Everything will show up on your "MyMedicare.gov" account. That is how you track everything Medicare related. But don't expect it to be instantaneous. Some doctor offices don't report visits for months.
That is correct. But you will be required to show proof or prior coverage. i.e. you Medicare supplement card. Also, one small but important point...if you intend to switch Medicare supplement plans a make sure you hold your plan for a minimum of six months. If you don't, it can trigger a pre-existing conditions clause in the new policy. medigapseminars.org/quotes/medigap-quote-request/
Great video. This is my 4th year with the HD plan with the Unamed Company ( I am guessing who it is) and it is good value - I am in Florida. I feel like I am way ahead now concerning the premium non raises and the HD (although knock on hard wood) haven't been in the hospital.
I am about to turn 65 and find this choice of health care way too confusing and way to complicated even with your effort to make it not so. No idea why some politicians want Medicare for all at least not at how it is currently designed. Is there any push to simplify the system and make it more affordable?
Great info. Once a person buys a supplemental plan from you or another insurance broker, is that pretty much the end of the roll of an insurance broker, where any potential problems in the future are dealt with directly between us and the insurance company?
yes, of course. Just use this form to provide me the information I will need to get that answer for you: medigapseminars.org/quotes/medigap-quote-request/
Hey Matthew, I have watched many of your videos and coming up to my eligibility for Medicare. In trying to choose the right Medicare plan supplement or Advantage plan has been a lot to think about.In this video you did not reveal the insurance co. best used in Florida.Wondering what that co. would be,Thanks Jim.
Thank you for all your excellent videos, just sent an email to you today for more info. You have really helped clarify a lot with all your comparisons and explanations, thank you!
Thank you for the information. Could you do a video about how Medicare Part A functions for those of us who have to purchase it because we don't have enough credits to qualify for it?
With the Part A deductible, I have a Plan G supplement. Assuming I have 3 hospital stays more than 60 days apart within the same calendar year, will the 2490.00 MOOP of the supplement negate the need for me to pay the Part A deductible again ?
Do you have a Plan G or a Plan G-HD? Assuming you are referring to the G-HD your $2,490 MOOP rules. That is the most in a calendar year. It resets every January 01.
Question. Did you mention that in 2 years into a policy with this unnamed company one will automatically get a letter asking them if they would like to change their plan without medical underwriting? Thank you.
I'm turning 70 in December 2023 and will be retiring in Jan 2024 and enrolling in Medicare, since I was eligible for Medicare prior to 2020 is plan F still available to me?
Yes, but you probably will not want it. The only difference between a Plan F and a Plan G is the $226 Part B deductible. But the price difference between Plan F and Plan G is more than that. Plan F can cost $350 + more than Plan G. In that case you are paying $350+ for $226 in benefit.
Question. Isn’t the part B deductible handled differently with plan FHD vs GHD?? Thank you. The plain plan F covers the deductible as the plain plan G does not. Thank you.
Hello Matthew, I reside in NV and spend good portion of the year overseas. Do all my annual health screening overseas very inexpensive and pay out of pocket. I have a hard time to decide between Plan N and HD Plan. Please advise.
I do not give person specific advice via UA-cam. Why not use this form to provide us with the information we need in order provide accurate advice: medigapseminars.org/quotes/medigap-quote-request/
Is the following WA state law true that no medical questions (versus federal underwrting) is needed when I switch from my retiree medigap plan to other plans? No medical questions needed? "Washington is one of eight states where Medigap insurers are required to use community rating for enrollees age 65 and older (see Washington statute RCW 48.66.045). In addition to community-rating requirements, Washington state law also gives Medigap enrollees the option to switch to a different Medigap plan at any time, guaranteed-issue. Federal rules ........ Washington is one of just a handful of states where state law prevents Medigap insurers from using medical underwriting if a person with Medigap wants to switch to a different policy after their initial enrollment window has ended. State law in Washington allows a person with Medigap Plan A to switch to any other Medigap Plan A. And a person with Medigap Plan B through N can switch to any other Plan B through N. This opportunity to switch plans on a guaranteed-issue basis applies year-round, as long as the person has been covered under a Medigap plan for at least 90 days."
Are we locked into a plan after we choose one? I started plan F early (issue age) due to disability. Super high premiums Ive moved to another state that the premium is even higher. I turned 65 last year. Went down to the amount I paid before moving. Will I forever be paying more because of early issue age?
Susan - If you are paying a high rate it is either your plan (F) and / or the insurance company. Issue age should not be the problem. If you moved to Florida from a low cost state like GA, then you will see a rate increase because Florida has a lot more medical claims. Why not let us shop your plan for you and see if we can lower your premium? You can change Medicare supplement plans any day of the year, 365-days a year, as long as you qualify medically. 800-847-9680
Of course I get paid. How is that a negative? Well, there is one negative. With a high deductible Medigap Plan I get paid about $12 / month for six years.. I would much prefer the Medicare Advantage Plan payout of $570+, then $265 / year plus increases for inflation. Of course, no matter how I get, you don't pay me. Haven't you purchased insurance before?
Hi Mr. Clausen, I'm in Illinois, with Mutual OF Omaha since 2015, with a Medigap Plan F, not the high deductible plan.. They don't sell either Plan any longer since 2020, I know this.. Do you think I made a good choice. That company has been around for 100 years out of Nebraska, and you know this already.. Thank You, look forward to hearing from you...
Plan F is still available to people who qualified for Medicare prior to 2020. Mutual of Omaha is a good company. The question I have for you is about the price. Plan F prices have risen to a point where it is no longer a good value. If you can, I suggest shopping for a plan with more stable and lower pricing. It cost nothing to take a look. Use this form to provide me the information I need and i will email you prices for you to compare. medigapseminars.org/request-a-quote/
Do you think $106 vs $248 monthly in south Florida worth keeping FHD vs N. I do. and I know the insurance company because we just got the letter!! 🙋♀️🙋♀️🙋♀️
I believe that the deductible portion of the F-HD will increase significantly for at least a few years. It may be wise to switch to Plan N for a year and check inflation then. If you are with the right insurance company you can move from the N to HD anytime.
If I understand correctly, premiums on Plan G are more likely to rise because because more people with preexisting conditions will enroll in it rather than Plan N or Plan G High Deductible. If that is true, is Plan G High Deductible even more unlikely to have premium increases than Plan N (not taking inflation into consideration)?
Timothy, I have spoken with the top management of most major insurance companies. Guarantee Issue plans only makeup 3% to 4% of total plans. That is not enough to impact price. People who make this claim have not done the research.
I like how to tease us with what company is the best, but never give the name. What does one do to get that name? I'm 74, live in NYS, and am offered the high delectable F plan for $63. What do I need to do to get your opinion on this?
I love your videos. I’m 67, sill working but will be retiring the end of 2022. I live in S Florida. Would it be too early to just have a conversation with you about the high deductible?
Hi Jackie - Why not talk to us in January after the holidays (this is Medicare Annual election and very busy). We are in S. FL too, FYI Live in Palm Beach County and work in S. Martin County. 800-847-9680
No, Advantage plans are not supplements and are not high deductible supplements. An Advantage plan replaces your Original Medicare. It does not supplement it.
My cynicism is showing but this just gets worse and worse. I figure they can send me a bill. I might pay it but probably not. You cannot get blood out of a turnip.
I live in Connecticut. Thinking about Pla G high deductible. I'm 65. Very healthy. What's a good insurance company to use? I only have part A now. Soon to sigh up for part B. I was covered under a comprehensive health plan at my place of employment. I Left there in January. I have until March 31st to get plan B.
A lot of things are a gamble. That includes how you manage you retirement funds after retirement. I think you are gambling actually on whether you will spend nights in the hospital. Depending on your health history, might go 10 years before that happens depending on your health. Again, if lightning strikes you early, well may not reap the savings over time you expected. I do not think there is an absolute yes or no if you are aware of your risks.
Insurance is not a gamble. Going without insurance is a gamble. I do not recommend high deductible plans to people who do not have the financial reserves to easily afford the deductible. If you are concerned about the financial impact of the deductible, then an HD Medicare supplement is probably not the right plan for you.
Not necessarily. It depends on if the rate of the CPI is higher or lower than the rate of medical cost inflation. I have found that prices in states that mandate issue age or community rated policies are more stable than premiums from attained age policies.
@@yeahright532 For example, my monthly premium (non-smoking female just starting Medicare) would be $160 with a regular Plan G, or $40 with a Plan G High Deductible (through Mutual of Omaha, with a 12% off "household discount," because the hubby's Medicare supplement insurance is through them, too). I went with the Plan G High Deductible @$40/month.
Okay, but why not show us several retirement scenarios in a spreadsheet? Compare the healthy 65yo who needs zero hospitalization until he is 75 vs. the unhealthy 65yo who needs a week of hospitalization every year.
Great. Just tell me exactly when you will get sick and how much it will cost and I'll plug it right in. If you think that was a snide remark, you are missing the big picture completely. The bottom line: Get TODAY the insurance plan you will want to have when you are sick or injured. Do not try to predict your future health and penny pinch based on your predictions. It doesn't work.
You can do the estimates yourself. Of course it's not an exact science but you can look at worst case and best case scenarios to help you decide. Lots of variables but for me HDG was the best option because G and N were out of my price range. My choice boiled down to HDG or Advantage. My thought is also that if someone is going into the hospital every year there is less of a chance that they are going to outlive their money depending on the situation.
My husband's and my Medicare supplement policies are through Mutual of Omaha, and we were able to apply online, without consulting an insurance agent. (But we waited until we had received paper premium quote charts from 2 different companies, so my husband last year had something to compare.)
@@DOSBoxMom Yes, you can enroll that way, but, you gave up the ability to get a lot of help in making the best choice of plans, not only on your initial enrollment, but also in the future, especially if you have any problems with your plans or questions with respect to Medicare. The independent brokers such as Matthew, have access to information on the various insurance companies that you do not have access to, and will offer you ongoing service and support to make sure you always have the best plan at the best price based on your needs. There is never any charge to you since their services are free to their clients. Unfortunately, your situation can change over the years, and you will need guidance as to your best Medicare options. You can go it alone and make these choices on your own, but why would you want to give up the valuable advice that working with an independent broker can offer?
Going to a seminar that states specifically they do not talk about their product until after you have attended the "educational" aspect of Medicare and how to understand it.
the only think I know is that the plan I have is either a orb I tend to believe that I have plan b. I know thAt the company from S. Pay for part of the quote.
But then, nobody responds to questions. This video means nothing to me. I am 74. On wife's creditable employer plan. I have only plan A now. Moving to Indiana in the spring. Health insurance ends in March. I want plan F and hearing.
@@davewithad4166 Dave you did not pay in for yourself. You paid in for others. It is a huge Federal welfare program for seniors. It should be eliminated.
@@richardargst157What? You are uneducated or unemployed if you really believe that. Most of working Americans pay a premium through their employers while they are employed and they are not cheap to INCLUDE paying into Medicare.
Beware, things aren't always the way they appear! Notice how the gentleman is very nice and says he just wants to help. He says just call if you have any questions. I called their number and said that I was interested in part D, immediately, the agent Beth became very rude. I don't think I have ever spoken to that level of a b-t-h in my life and I'm no spring chicken. She said we don't answer questions from non customers. I said the reason I am calling is to potentially be a customer. She then rudely said this conversation is over and before she hung up I said "so you don't sell Part D", she said I could self enroll but they only sell the more expensive suppliment and that she didn't make money talking to me so the conversation is over. I said "I'm going to tell people on Social media how rude you people are". She laughed and said "I don't care, go ahead" and hung up the phone on me. First of all, I didn't care if she answered my questions or not. I was trying to figure out what business they are in, in other words what they sold? Did you notice how in the videos, the gentleman constantly tries to sell you on the advantage of suppliment insurance and criticizes all other forms of insurance? That is what they sell, only suppliment insurance. As she said, if she isn't selling that, she isn't making money and if she isn't making money from you, you are as worthless to them as used toilet paper. So what does this mean to you? First of all, I wouldn't suggest trusting the bias opinions in these videos of suppliment insurance. Secondly, if only money is motivating these sales people and not even basic humanity or kindness, do you really think they are going to not put their profit over what is in your best interest? This gentleman mentions that you are not charged for their service, that the companies pay them. I use to be in a similar agency business and what he said is not exactly true. It's true that you don't have to pay his agency but the companies that use agencies have to pay these agencies tons of money and that money doesn't grow on trees. They obtain this money by charging their customers higher fees, and are usually or always going to charge you higher fees than companies that don't have this overhead. He claims he only specifically selects companies that are in your best interest because he is such a caring person. The truth is that he only uses companies that are willing to hire his agency. If you use his agency, not only are you likely getting the most expensive plans, but you are getting a small sample of the options available to you because not all companies use expensive agencies to sell their product and not all companies that do, use this particular agency. Unless you want to make what will likely be a very expensive mistake, I would suggest going to the government website and seeing ALL the availability plans and speak to the government representatives for questions instead of through an agency that wants to direct you in the path that makes them the most profit instead of what is in your best interest. She didn't have to be so very rude. This just shows the type of people you are dealing with. Her attitude opened my eyes and saved me from making a costly mistake. After I had time to think about the attitude of this person, it got me thinking about the big picture. The most predatory sales people make their money on senior citizens. Could that be the reason for her attitude? It wasn't just her rudeness, but her arrogance. I'm obviously a senior citizen like most of you that have watched these videos. We senior citizens are suckers for our impressions to the point where we emotional tend to place more focus on how we judge the messenger than the specifics and complexities of the message. I remember when my mother had just retired in her 60s and I was in my 30s. I recommended a stock broker to her. After I introduced him, he started pushing her toward risky investments that were dangerous to her but made him a lot of commission, products he knew I would never purchase. I was shocked and had multiple conversations with her about why she needed to stop dealing with him. All she said was how nice he was and kept losing her savings. Everyday he kept trying to sell her more junk and finally I had to take matters in my own hands and protect her. I called him up and said that if he contacted my mother again, I was going to file a complaint with the SCC (selling risky investments to the inexperienced), so he stopped. I then compensated her for her losses since I recommended him. I'm now a little like her like most are when they get older. These people know what works with us old folks. They have a personality on these videos that is so nice and warm natured. He seems like a saint the way he talks as such a caring soul, often commenting that he is there to inform, to help, and not make money from us. He speaks about how he does not monetize his videos and just wants to send us in the right direction and in one video he just about went into academy award winning tears about how he saved a man so much money that he can now afford to see his grand kids. This sort of tactic of "saint salesman" from heaven would make a wise younger person even more suspicious, even angry, but us senior citizens are suckers for this. This guy has sold most of us up front, that's the objective, blinding us to the vultures that are laying in wait. Just deal with neutral parties, stay away from salesmen. You can call the government representatives a thousand times and ask questions if you like, you don't need these people. There are plenty of suckers they can make money from, try not to let it be you.
@Beeg Dawg apparently you are confused or your name is Karen....Karen often reacts without any facts or context or concern for others. The commenter actually provided great detail, insight, experience, and logic for why 'independent' brokers may not always have your best interest at heart.
This is my latest on High Deductible Medicare Plans. It includes important updates about the impact of inflation and the deductible for 2022.
However, if my objective is able to self pay the first $2490 if needed, but only want to insure beyond the High Deductible, then isn't HD plan F a good match?
I have decided here in PA to go with HDG with United American, an A+ carrier in biz with insurance since 1947 which offers some great low premiums and low rate increases around the country, including in PA. They also offer a Reserve Fund Annuity account, allowing me to fund the annual deductible (max out-of-pocket) I am responsible for before plan benefits kick in. They will agree to pay my future medical bills from the fund, directly to the provider on my behalf. That makes things easy. It also pays a guaranteed 3% interest, with no penalty to close if I ever need to do so. They also said I can switch to another plan within 2 years without medical underwriting, if I wish to change. Hope it works for me.
Is this still true in Oct 2023
Matthew Classen is The Best agent you'll ever find! Honest and Clear! Thanks always!
Thank you
Seems confusing to me
@@markpaperhanger2481 We would be happy to spend whatever time you need to make certain you are confident in what you know and no longer confused. 800-847-9680
Matthew Classen is The Best agent you'll ever find! Love this video.!
Thank you Mariann
This is a great update video which is consistent with all of his videos. Quality data and clearly explained.
Thank you Craig
I am so happy that someone can explain the ins and outs of medicare.
So am I! LOL
Excellent!!! Lot's of well explained info....thanks!!!! Is Arizona state mandate on the pricing????
This was eye-opening. Very informative and answered many of my questions (and some I didn't even know I needed answers to.) Thanks
Perdóname porque estoy al borde de suplicarte querer
Que te necesito, Necesito tus caricias y besos . No
Se si a ti te llegan ya que grado. O intensidaD cuanto daria
Por tenerte pero pronto .
Baby, la ver dad es Que me vuelvo como un un animal
Salvaje. Y daria cualquier cosa ti
tenerte junto a mi .
Quiero estar a tu lado cerca de tu cuerpo y prenderme
Contigo. Es lo único que quiero mi rey.
Que hermoso será ese gran dios. Clelito , una vez que
Te tenga , prometo, que te tomaré de la mano y nunca
La soltaré.
Cuídate amor mío. Me da tanto miedo pensar que ya
Sea por X…. Razón me llegarás a faltar .
No se que haría Cuanto.te quiero cielito mio.
Tantas cosas que no te he dicho tantas otras
Pendientes .tantas otras esperan en el tintero
Pues necesitan el punto de vista de una persona
Que me escuche y me de un consejo.
Hasta la próxima
I am in California, can you tell me which company has the most stable premium. Thank you.
If me and my wife will apply with this Medicare Supplement and we will not be hospitalized at all for the whole year, do we have to pay the deductible both although we were not hospitalized the whole year 2022 just an example plus the 233 for seeing our primary Dr.
Great question. Sometimes I forget that not everyone knows insurance terminology. A deductible only occurs when you use a service. It is what you pay for that service before your insurance kicks in. If you do not have a hospital stay or see a medical professional you will not pay a deductible. That is, in part, what makes the low cost of the high-deductible Medigap plan so attractive.
I went to a dermatologist that takes medicare and I have a Plan G supplemental plan. He wanted me to pay for the service right then and there since he said he didn't accept my supplemental care provider, even though the procedure was covered under medicare. (Yes, my deductible was already paid for). I was told that a doctor that accepts medicare must also accept Medigap Plan G, which is why I pay the high premiums to begin with. Is this doctor breaking the rules of accepting medicare? Or am I destined to have this as an ongoing problem with providers in the future?
The problem is your doctor or doctor's office. Look up your doctor's office here: www.medicare.gov/care-compare/ If your doctor is on the list as accepting Medicare, call 1-800-MEDICARE and report what happened. It is either an error of incompetence / poor training for which there is a $10,000 fine or there was an attempt at fraud. Either way Medicare should be informed so it can be officially addressed.
@@MedigapSeminars Thank you so much!! I checked and he is listed, so I will follow through with contacting Medicare.
$170.00 Medicare premium plus $233.00 for doctor visit plus 11.60 Part D premium and $480.00 deductible plus $114.95 supplement premium. If you go into hospital a deductible. I don’t know who can afford this. I am considering dropping the supplement. The rest Congress made sure we were required to have it to make sure they earned their Pharmaceutical kick backs.
cutting off your nose to spite your face is seldom a good strategy. Why not call us and see if can get you good coverage in line with your budget? 800-847-9680 That is what we are known for.
Good video - I learned or clarified several things I was not clear on from other videos. In my experience, none of the videos on medigap mention company names.
That is correct, none mention names. We get paid when we help people with their applications.
Thanks for the insight into the fact that Florida is an Issue Age state, helped me solidify my belief that the high deductible plan is for me.
Now it's important to choose the right insurance company. Call us if we can help 561-536-5565
Yes, I hate secrets.
Do you have an updated video on HD-G for 2023? I'm very curious if the big deductible jump changes your recommendations.
He says it depends on your location and state that you live in. It’s not one answer. Sometimes it’s a deal sometimes it’s not.
If you have a high deductible G plan and within a two week time frame you bounce from office visits to lab work to high priced medical tests who is responsible for the tracking of what has been applied to the $2700 deductible? If your own record keeping places you over the $2700 deductible what can be done to stop providers/facilities from billing you because their records don't match yours on the deductibles? Asking this question as a basis to decide to go with a HDG or a standard G plan.
Everything will show up on your "MyMedicare.gov" account. That is how you track everything Medicare related. But don't expect it to be instantaneous. Some doctor offices don't report visits for months.
Matt, do I understand correctly that in Washington St. I can change to a different supplemental plan without being subject to underwriting?
That is correct. But you will be required to show proof or prior coverage. i.e. you Medicare supplement card. Also, one small but important point...if you intend to switch Medicare supplement plans a make sure you hold your plan for a minimum of six months. If you don't, it can trigger a pre-existing conditions clause in the new policy. medigapseminars.org/quotes/medigap-quote-request/
Great video. This is my 4th year with the HD plan with the Unamed Company ( I am guessing who it is) and it is good value - I am in Florida. I feel like I am way ahead now concerning the premium non raises and the HD (although knock on hard wood) haven't been in the hospital.
and no price increases!
Why can't you name the company?
@@rman52 rules
Sticking with FHD. Also in Florida in high priced area!! Good value for many!!!🙋♀️🙋♀️🙋♀️
I am about to turn 65 and find this choice of health care way too confusing and way to complicated even with your effort to make it not so. No idea why some politicians want Medicare for all at least not at how it is currently designed. Is there any push to simplify the system and make it more affordable?
Great info. Once a person buys a supplemental plan from you or another insurance broker, is that pretty much the end of the roll of an insurance broker, where any potential problems in the future are dealt with directly between us and the insurance company?
The short answer is no. Not with us anyway. This very brief video details some of what else we do: medigapseminars.org/medicare-advocate-services/
i be 65 in May. can you tell me what total will i have to pay plan A,B.D, and G? or N?
yes, of course. Just use this form to provide me the information I will need to get that answer for you: medigapseminars.org/quotes/medigap-quote-request/
I live in California and am looking at your videos. I will watch some more videos! Thank you
Hey Matthew,
I have watched many of your videos and coming up to my eligibility for Medicare.
In trying to choose the right Medicare plan supplement or Advantage plan
has been a lot to think about.In this video you did not reveal the insurance co.
best used in Florida.Wondering what that co. would be,Thanks Jim.
Hi Jim, please us the form liked to provide us with the information we need in order to help you: medigapseminars.org/quotes/medigap-quote-request/
I will be calling you this week. Retirement beginning of September. Thanks,
Thanks Matt, your videos are very informative, I am going to send a quote request.
Please do!
Thank you for all your excellent videos, just sent an email to you today for more info. You have really helped clarify a lot with all your comparisons and explanations, thank you!
You are very welcome, Jan
Thanks for your update
you are welcome
Thank you for the information. Could you do a video about how Medicare Part A functions for those of us who have to purchase it because we don't have enough credits to qualify for it?
Well, that could be part of a video certainly. Thanks for the idea.
Thank you very much for informative video.
You are welcome Bharat
With the Part A deductible, I have a Plan G supplement. Assuming I have 3 hospital stays more than 60 days apart within the same calendar year, will the 2490.00 MOOP of the supplement negate the need for me to pay the Part A deductible again ?
Do you have a Plan G or a Plan G-HD? Assuming you are referring to the G-HD your $2,490 MOOP rules. That is the most in a calendar year. It resets every January 01.
When do we have to start to pay the deductible. Am i going to pay my deductible by 2022 as i start to see my Dr?
A deductible is paid when have a service. This might help you understand it more clearly: ua-cam.com/video/u19Hpi20_Nc/v-deo.html
Yes.
Question. Did you mention that in 2 years into a policy with this unnamed company one will automatically get a letter asking them if they would like to change their plan without medical underwriting? Thank you.
Helpful explanation. Thank you.
I'm turning 70 in December 2023 and will be retiring in Jan 2024 and enrolling in Medicare, since I was eligible for Medicare prior to 2020 is plan F still available to me?
Yes, but you probably will not want it. The only difference between a Plan F and a Plan G is the $226 Part B deductible. But the price difference between Plan F and Plan G is more than that. Plan F can cost $350 + more than Plan G. In that case you are paying $350+ for $226 in benefit.
Does this insurer for which you are secretive of (here on YT) cover WA state?
Yes
Does the company of which you speak cover Oregon?
@@diannalamb6277 It's a national company, in every state. However, it is not price competitive in every state.
Question. Isn’t the part B deductible handled differently with plan FHD vs GHD?? Thank you.
The plain plan F covers the deductible as the plain plan G does not. Thank you.
I am from pa. 81 yrs. Old widow. Have Aetna plan F. Should I keep or change plans
Do you have any videos for 2024?
is a plan g HD,the same price at 69 as 66?...thanks
In a Community Rated state would be the same.
Are all plan F and plan F high deductible the same thing?
Very informative.
Thank you
Thanks again..
You are welcome
I am a US dual citizen with Canada. My kids want me to move to Texas. I am trying to figure this out.
Talk to us..we don't bite 800-847-9680
Hello Matthew,
I reside in NV and spend good portion of the year overseas. Do all my annual health screening overseas very inexpensive and pay out of pocket. I have a hard time to decide between Plan N and HD Plan.
Please advise.
I do not give person specific advice via UA-cam. Why not use this form to provide us with the information we need in order provide accurate advice: medigapseminars.org/quotes/medigap-quote-request/
Is the following WA state law true that no medical questions (versus federal underwrting) is needed when I switch from my retiree medigap plan to other plans? No medical questions needed?
"Washington is one of eight states where Medigap insurers are required to use community rating for enrollees age 65 and older (see Washington statute RCW 48.66.045).
In addition to community-rating requirements, Washington state law also gives Medigap enrollees the option to switch to a different Medigap plan at any time, guaranteed-issue. Federal rules ........ Washington is one of just a handful of states where state law prevents Medigap insurers from using medical underwriting if a person with Medigap wants to switch to a different policy after their initial enrollment window has ended. State law in Washington allows a person with Medigap Plan A to switch to any other Medigap Plan A. And a person with Medigap Plan B through N can switch to any other Plan B through N. This opportunity to switch plans on a guaranteed-issue basis applies year-round, as long as the person has been covered under a Medigap plan for at least 90 days."
What's the name of the company I'm 63
medigapseminars.org/request-a-quote/
How is the Med Bed going to change all this?
Are we locked into a plan after we choose one? I started plan F early (issue age) due to disability. Super high premiums Ive moved to another state that the premium is even higher. I turned 65 last year. Went down to the amount I paid before moving. Will I forever be paying more because of early issue age?
Susan - If you are paying a high rate it is either your plan (F) and / or the insurance company. Issue age should not be the problem. If you moved to Florida from a low cost state like GA, then you will see a rate increase because Florida has a lot more medical claims. Why not let us shop your plan for you and see if we can lower your premium? You can change Medicare supplement plans any day of the year, 365-days a year, as long as you qualify medically. 800-847-9680
When you sign us in not only help us with the application, you get paid. Not saying it’s a negative just the truth.
Of course I get paid. How is that a negative? Well, there is one negative. With a high deductible Medigap Plan I get paid about $12 / month for six years.. I would much prefer the Medicare Advantage Plan payout of $570+, then $265 / year plus increases for inflation. Of course, no matter how I get, you don't pay me. Haven't you purchased insurance before?
Thank you sir...
You are very welcome
Hi Mr. Clausen, I'm in Illinois, with Mutual OF Omaha since 2015, with a Medigap Plan F, not the high deductible plan.. They don't sell either Plan any longer since 2020, I know this.. Do you think I made a good choice. That company has been around for 100 years out of Nebraska, and you know this already.. Thank You, look forward to hearing from you...
Plan F is still available to people who qualified for Medicare prior to 2020. Mutual of Omaha is a good company. The question I have for you is about the price. Plan F prices have risen to a point where it is no longer a good value. If you can, I suggest shopping for a plan with more stable and lower pricing. It cost nothing to take a look. Use this form to provide me the information I need and i will email you prices for you to compare. medigapseminars.org/request-a-quote/
Thank you very informative
Do you think $106 vs $248 monthly in south Florida worth keeping FHD vs N. I do. and I know the insurance company because we just got the letter!! 🙋♀️🙋♀️🙋♀️
I believe that the deductible portion of the F-HD will increase significantly for at least a few years. It may be wise to switch to Plan N for a year and check inflation then. If you are with the right insurance company you can move from the N to HD anytime.
Hi wondering about cost sharing supplements?
If I understand correctly, premiums on Plan G are more likely to rise because because more people with preexisting conditions will enroll in it rather than Plan N or Plan G High Deductible. If that is true, is Plan G High Deductible even more unlikely to have premium increases than Plan N (not taking inflation into consideration)?
Timothy, I have spoken with the top management of most major insurance companies. Guarantee Issue plans only makeup 3% to 4% of total plans. That is not enough to impact price. People who make this claim have not done the research.
I like how to tease us with what company is the best, but never give the name. What does one do to get that name? I'm 74, live in NYS, and am offered the high delectable F plan for $63. What do I need to do to get your opinion on this?
What is a high delectable plan? ;-) We make money by helping people with their Medicare supplement / advantage plan applications.
I love your videos. I’m 67, sill working but will be retiring the end of 2022. I live in S Florida. Would it be too early to just have a conversation with you about the high deductible?
Hi Jackie - Why not talk to us in January after the holidays (this is Medicare Annual election and very busy). We are in S. FL too, FYI Live in Palm Beach County and work in S. Martin County. 800-847-9680
who is your favorite insurance company?
medigapseminars.org/quotes/medigap-quote-request/
Thanks great info
You are welcome Charlie
Are you calling an advantage plan a high deductible supplement plan?
And are you a captive agent?
No, Advantage plans are not supplements and are not high deductible supplements. An Advantage plan replaces your Original Medicare. It does not supplement it.
My cynicism is showing but this just gets worse and worse. I figure they can send me a bill. I might pay it but probably not. You cannot get blood out of a turnip.
Clicked on "quote request form"; says page cannot be found
Name the company.
What do I say in the video? medigapseminars.org/request-a-quote/
What’s a phone call gonna cost you?
I live in Connecticut. Thinking about Pla G high deductible. I'm 65. Very healthy. What's a good insurance company to use? I only have part A now. Soon to sigh up for part B. I was covered under a comprehensive health plan at my place of employment. I Left there in January. I have until March 31st to get plan B.
great video well informed
whats the name of company?
thanks
What company?
A lot of things are a gamble. That includes how you manage you retirement funds after retirement. I think you are gambling actually on whether you will spend nights in the hospital. Depending on your health history, might go 10 years before that happens depending on your health. Again, if lightning strikes you early, well may not reap the savings over time you expected. I do not think there is an absolute yes or no if you are aware of your risks.
Insurance is not a gamble. Going without insurance is a gamble. I do not recommend high deductible plans to people who do not have the financial reserves to easily afford the deductible. If you are concerned about the financial impact of the deductible, then an HD Medicare supplement is probably not the right plan for you.
Nice job 👍🏻
Very confusing Plan alphabet. Ant follow when I don’t understand cause it’s all new to me as a 64 yr old.
If the deductible goes up with inflation wouldn't that stabilize the the premium cost?
Not necessarily. It depends on if the rate of the CPI is higher or lower than the rate of medical cost inflation. I have found that prices in states that mandate issue age or community rated policies are more stable than premiums from attained age policies.
Why would you select a high deductible F or G vs a regular F or G?
You'd save from $100 to $200 per month on the premium depending what state you reside in.
@@yeahright532 For example, my monthly premium (non-smoking female just starting Medicare) would be $160 with a regular Plan G, or $40 with a Plan G High Deductible (through Mutual of Omaha, with a 12% off "household discount," because the hubby's Medicare supplement insurance is through them, too). I went with the Plan G High Deductible @$40/month.
Okay, but why not show us several retirement scenarios in a spreadsheet? Compare the healthy 65yo who needs zero hospitalization until he is 75 vs. the unhealthy 65yo who needs a week of hospitalization every year.
Great. Just tell me exactly when you will get sick and how much it will cost and I'll plug it right in. If you think that was a snide remark, you are missing the big picture completely. The bottom line: Get TODAY the insurance plan you will want to have when you are sick or injured. Do not try to predict your future health and penny pinch based on your predictions. It doesn't work.
You can do the estimates yourself. Of course it's not an exact science but you can look at worst case and best case scenarios to help you decide. Lots of variables but for me HDG was the best option because G and N were out of my price range. My choice boiled down to HDG or Advantage. My thought is also that if someone is going into the hospital every year there is less of a chance that they are going to outlive their money depending on the situation.
I live in Illinois; is that an Issue Age state?
Or a Community Rated state?
They can't enroll themselves. The only companies I know where someone else has to enroll you is either AARP or Mutual of Omaha.
I have no idea what you are trying to say
My husband's and my Medicare supplement policies are through Mutual of Omaha, and we were able to apply online, without consulting an insurance agent. (But we waited until we had received paper premium quote charts from 2 different companies, so my husband last year had something to compare.)
@@DOSBoxMom Yes, you can enroll that way, but, you gave up the ability to get a lot of help in making the best choice of plans, not only on your initial enrollment, but also in the future, especially if you have any problems with your plans or questions with respect to Medicare. The independent brokers such as Matthew, have access to information on the various insurance companies that you do not have access to, and will offer you ongoing service and support to make sure you always have the best plan at the best price based on your needs. There is never any charge to you since their services are free to their clients. Unfortunately, your situation can change over the years, and you will need guidance as to your best Medicare options. You can go it alone and make these choices on your own, but why would you want to give up the valuable advice that working with an independent broker can offer?
Going to a seminar that states specifically they do not talk about their product until after you have attended the "educational" aspect of Medicare and how to understand it.
Sounds like a Medicare Advantage seminar
the only think I know is that the plan I have is either a orb
I tend to believe that I have plan b.
I know thAt the company from S. Pay for part of the quote.
What about plan F what I have
What about it? This video is on the high deductible plans. Plan F and plan G high deductible plans are the same.
Never heard of plan M?
Yes, I have heard of all the plans. Some even call me an expert in them. Why do you ask?
Please do not make any decision about Medicare.
Zzz amor mío, No se No se Que te platicaba en el otro mensaje
Nunca debería pagar una cotización. Su tarjeta roja, blanca y azul de Medicare le dirá si tiene A & B
But then, nobody responds to questions. This video means nothing to me. I am 74. On wife's creditable employer plan. I have only plan A now. Moving to Indiana in the spring. Health insurance ends in March. I want plan F and hearing.
Have you tried calling us? UA-cam is not a format for operating a business.
Should have told us on beginning you were not going to give us name of company. Will never do business with someone who is misleading!
No one is being misleading. If you aren't willing to give us the opportunity for your business, well you get enough information for free.
Prices change over time .
Info is for over time
Why should old people be able to get inexpensive healthcare and not younger Americans?
Because old people have been paying taxes for 50 years to pay for it. I’ve been a taxpayer since I was 15. Why shouldn’t I get something for it?
@@davewithad4166 Dave you did not pay in for yourself. You paid in for others. It is a huge Federal welfare program for seniors. It should be eliminated.
@@richardargst157 I’m guessing you have a very low IQ….. Sad..
@@richardargst157What? You are uneducated or unemployed if you really believe that. Most of working Americans pay a premium through their employers while they are employed and they are not cheap to INCLUDE paying into Medicare.
@@richardargst157 but it's ok for the illegals to get free medical that NEVER paid for it??
Federal government sets premiums, Dr.'s fees, who and what is covered? This is socialized medicine. Greedy old people love it!
Beware, things aren't always the way they appear!
Notice how the gentleman is very nice and says he just wants to help. He says just call if you have any questions. I called their number and said that I was interested in part D, immediately, the agent Beth became very rude. I don't think I have ever spoken to that level of a b-t-h in my life and I'm no spring chicken. She said we don't answer questions from non customers. I said the reason I am calling is to potentially be a customer. She then rudely said this conversation is over and before she hung up I said "so you don't sell Part D", she said I could self enroll but they only sell the more expensive suppliment and that she didn't make money talking to me so the conversation is over. I said "I'm going to tell people on Social media how rude you people are". She laughed and said "I don't care, go ahead" and hung up the phone on me.
First of all, I didn't care if she answered my questions or not. I was trying to figure out what business they are in, in other words what they sold? Did you notice how in the videos, the gentleman constantly tries to sell you on the advantage of suppliment insurance and criticizes all other forms of insurance? That is what they sell, only suppliment insurance. As she said, if she isn't selling that, she isn't making money and if she isn't making money from you, you are as worthless to them as used toilet paper.
So what does this mean to you? First of all, I wouldn't suggest trusting the bias opinions in these videos of suppliment insurance. Secondly, if only money is motivating these sales people and not even basic humanity or kindness, do you really think they are going to not put their profit over what is in your best interest? This gentleman mentions that you are not charged for their service, that the companies pay them. I use to be in a similar agency business and what he said is not exactly true. It's true that you don't have to pay his agency but the companies that use agencies have to pay these agencies tons of money and that money doesn't grow on trees. They obtain this money by charging their customers higher fees, and are usually or always going to charge you higher fees than companies that don't have this overhead. He claims he only specifically selects companies that are in your best interest because he is such a caring person. The truth is that he only uses companies that are willing to hire his agency. If you use his agency, not only are you likely getting the most expensive plans, but you are getting a small sample of the options available to you because not all companies use expensive agencies to sell their product and not all companies that do, use this particular agency.
Unless you want to make what will likely be a very expensive mistake, I would suggest going to the government website and seeing ALL the availability plans and speak to the government representatives for questions instead of through an agency that wants to direct you in the path that makes them the most profit instead of what is in your best interest. She didn't have to be so very rude. This just shows the type of people you are dealing with. Her attitude opened my eyes and saved me from making a costly mistake.
After I had time to think about the attitude of this person, it got me thinking about the big picture. The most predatory sales people make their money on senior citizens. Could that be the reason for her attitude? It wasn't just her rudeness, but her arrogance. I'm obviously a senior citizen like most of you that have watched these videos. We senior citizens are suckers for our impressions to the point where we emotional tend to place more focus on how we judge the messenger than the specifics and complexities of the message. I remember when my mother had just retired in her 60s and I was in my 30s. I recommended a stock broker to her. After I introduced him, he started pushing her toward risky investments that were dangerous to her but made him a lot of commission, products he knew I would never purchase. I was shocked and had multiple conversations with her about why she needed to stop dealing with him. All she said was how nice he was and kept losing her savings. Everyday he kept trying to sell her more junk and finally I had to take matters in my own hands and protect her. I called him up and said that if he contacted my mother again, I was going to file a complaint with the SCC (selling risky investments to the inexperienced), so he stopped. I then compensated her for her losses since I recommended him.
I'm now a little like her like most are when they get older. These people know what works with us old folks. They have a personality on these videos that is so nice and warm natured. He seems like a saint the way he talks as such a caring soul, often commenting that he is there to inform, to help, and not make money from us. He speaks about how he does not monetize his videos and just wants to send us in the right direction and in one video he just about went into academy award winning tears about how he saved a man so much money that he can now afford to see his grand kids. This sort of tactic of "saint salesman" from heaven would make a wise younger person even more suspicious, even angry, but us senior citizens are suckers for this.
This guy has sold most of us up front, that's the objective, blinding us to the vultures that are laying in wait. Just deal with neutral parties, stay away from salesmen. You can call the government representatives a thousand times and ask questions if you like, you don't need these people. There are plenty of suckers they can make money from, try not to let it be you.
@Beeg Dawg apparently you are confused or your name is Karen....Karen often reacts without any facts or context or concern for others. The commenter actually provided great detail, insight, experience, and logic for why 'independent' brokers may not always have your best interest at heart.