😊 My husband turned 65 in October, he applied for Medicare A and B; we don’t know which insurance to choose for his supplement and drug coverage, please advise😳
I truly appreciate your videos. I'm 68 & still working but have Part A. I've spoken to a Medicare "coach" who explained what the differences are between a Supplement or Advantage plan for me and my specific needs. It looks like I'll be taking a HD Plan G when I retire. Luckily for me, I live in NY, so I have flexibility with moving from one type of Plan to another, which is a "benefit" for the higher premiums I'll pay.😊
😊Thank you! It’s sad that we make something so difficult for folks who are in a category that need something simple to meet their basic human needs. Do you offer videos on how we can influence changes that would simplify healthcare for those in their retirement years? I’m a sandwich generation trying to help my mother navigate these choices.
😊 You are fantastic. I am a independent agent/broker with a large agency (so I won’t mention names) however - I follow you and other and I must say you provide a balanced approach and your information checks out. Finally, I always learn something from you. Thank you and Go Vols! I will continue to watch your channel and keep learning. Ps if I wasn’t a captured agent I would send you a resume. God bless you
I LOVE this guy!!! He's very knowledgeable, open, forthright, logical, and non-judgmental! As a SHIIP volunteer, I regularly watch his videos for more detailed information on how to break down the very complex and complicated issues with Medicare to my clients! Thank you! 😀
😊 whew! I am a registered nurse in Georgia and trying to help my soon retiring friends and help myself in a few years! One thing I tell folks is, if you adore your medical providers now, and can’t bear to not see them, think twice before getting an advantage plan. Some huge healthcare systems are simply refusing to accept United plans of any kind, and perhaps others. Until major renegotiations take place. In the meantime that has meant 1000s of patients have had to find new care teams. Thanks for keeping up with all this. I’m a subscriber now👍🏽
All Aetna in Chicago Illinois area doesnot pay or fairly negotiate orices to doctors/hospitalswith Ascencion Health systems! Congress & state legislators need to stop thuscraEe ness now! Lift the FICA tax cap so everyone pays taxes fairly ! Stop the lobbyists & insurance/pharmacy / middlemen who are robbing us & US government!
😊Thank you so much for this explanation and comparison! My mother (and father until his death) have a Medicare Supplement Plan J - which I understand no longer exists. We are all in Florida. They have had their supplement plan for a long time. And they have had very little out of pocket costs, if any, for their healthcare to the point I have been amazed at how little. Since my father's death, I am much more involved in my mother's finances and she has had breast cancer, a mastectomy, radiation treatments, physical therapy for osteopenia, a 1-week stay in the hospital where she was diagnosed with a-fib, and a brain MRI for determining a dementia diagnosis. And she has had virtually no bills to pay! Now I have a better idea why - because of your video! And because of this, I won't let her even consider an Advantage plan! On the other hand, I helped my aunt and uncle figure out how to survive on just their Soc Security income by encouraging them to find an Advantage Plan to switch to. My uncle has Alzheimer's and had let the finances go for a while - they were in a big hole financially. My aunt had no idea how long his dementia had been affecting their money, and had never been a part of it so was clueless. Part of the restructuring I did with them was to have them switch to an Advantage Plan so they could save over $550/month they were paying for the Supplement plans - money they just didn't have to spend. Even with that, and a house refi, my cousins and I rotate around sending them $100/week for groceries. My uncle said at one point that they just are living too long for what they had planned for in regards to retirement. 😂They met with an insurance agent/advisor and came up with a plan that works for them. I have worried about what that will mean if/when either of them has any major hospital stays, but so far, the biggest change was that they had to change doctors to use those in-network. It was difficult for them to make that change initially, but now they are much better off. They have been on the Advantage Plan for almost 3 years. I am not in the insurance business, I have had no training on Medicare, I am not old enough myself to be on Medicare, but my husband is. All of what I have learned about Medicare, supplements, and Advantage plans have been through his, my mother's and my aunt/uncle's experiences, so I am definitely NOT an expert! And I have long wondered why every year Advantage plans are being pushed so hard during Open Enrollment and sometimes wonder if my mother should switch at some point. But as long as she can afford the premiums of her Supplement J plan, I feel like I don't want her to give that up so she can have that flexibility of getting the best doctors she can if/when she needs more - and would be concerned that she wouldn't be able to get that level of care from an Advantage plan. I feel like that Plan J is the Golden Ticket! Thanks again, for that explanation and comparison! It really helps fill in my knowledge gaps!
😊I’m a bit frazzled by the amount of info I’ve listened to the past week. I had chosen a new advantage plan a few days ago but now I think I’ve made that choice prematurely. Since the oep is still here can I change to a medigap plan even though I just enrolled in the advantage plan? This is not my oep. Thanks for the great video. I like your style.
This is the most concise comparison of Medicare choices ever. I will be turning 64 soon and plan to contact Retirement Nerds for guidance in the coming year, thank you.
Eric does the best explaining this government health program. I watch other UA-camrs but this channel explain it clearly and viewers like me understand it well. 😊
Everyone one of us have a unique situation to consider in relation of our finances, health, lifestyle, age and priorities in life. This presentation avoids taking sides about which Medicare plan is best, it is a good base to start and must be followed by due diligence from our part! Thank you Eric, congratulations!
Erik, Thank you for the even-handed evaluation of the Medicare plans. It is a great service for you to take the time and present the information to all of us free of charge. Of course, it is a marketing venue for your agency and should afford you many referrals. Since you're generous with your time and knowledge, I hope this effort affords you all of the business you want and you and your family a comfortable living.
😊I watched several Medicare related videos to prepare my transition to Medicare from an employer sponsored health plan. So far this is the most comprehensive and thorough one. Very helpful.
😊 Prior to my husband's death a few years ago we signed up for the Advantage plan for the added benefits. In our rural California area it was a mistake. My PCP was in a different town & I struggled to get an appt. Standard Medicare plus Plan G supplement gives me the greatest coverage for my geographical location and transportation availability.
😊. Medicare is complicated. I spent months researching what was right for me. Thank you for the objective coverage. Everyone needs to make their selection based on their own health and finances. Finding an objective Medicare advisor was not that easy. Met with one who gave me 2 advantages plan options. When I asked about supplement planes I was told they don’t have dental. I found a different advisor
Smart on your part. I think all agents should present both to people, show how they work, and trust that you know yourself well enough to be able to identify which would work well for you. Appreciate you! ☺
Love how comprehensive and detailed your podcasts are when it comes to the differences between Medicare supplements, vs advantage. Turning 65 next year, and I will be faced with these decisions. Your podcasts have been a great help in helping me to make an informed decision. Given my family history of catastrophic illness, Plan G looks like the best choice for me. The only drawback is the extra expense of trying to find affordable drug, dental, and vision supplements. ☺
Appreciate you watching ☺️ So glad to hear they are helpful! G is super solid. Use an agent to shop things for you and find the right plans (supplement, drug, dental, etc.).
My wife and I know both supplements and advantage plans. We have had them both for over 10 years. Both work as designed but the Advantage plan (PPO) with UNH has been the best overall. Saving us thousands of dollars and still offering good coverage with modest co-pays and we can use it anywhere in the USA. You'll be hard-pressed to find a doctor or hospital that does not accept this UNH plan.
Hi ty. I just changed from Humana PPO to UHC PPO but I am turning 65 in Feb & I think I need to get Supplement G. But what if we all change back to Original Medicare will I still be able to get G without medical review or price increase?
Agreed! However, the VAST majority of agents are trying their best to do what's right for you. As is the case with any profession, a few bad apples cause problems for everyone.
Excellent, great information. I have dealt with both supplement and Advantage Plan. Advantage plan does save money with vision and dental, but I will probably switch back to Medicare now I am 70 and have seen my older siblings having medical issues. When you start having health issues, the freedom to go to any doctor or hospital for any kind of medical needs.and not worry about all of it.😀
😊 Thank you so much for this video. I work front desk at a PCP office. Some of this I have learned just from doing it every day, but you made it so very straightforward and clear. I plan to binge watch your other ones too. My patients ask me all the time. I will be recommending this video!! The one thing I will say is we see a lot of problems with the Advantage plans when it comes to having to see a Specialist. Many of the Specialists we refer to are now not accepting the Advantage plans or they will say we only allow a certain % of our practice each month with this plan so you can’t see the doctor until 2 or 3 months out. Plus they need referrals and pre certifications and they are constantly changing their formulary on the drugs. Also, we are in a semi rural area outside a major metropolitan area and they tell me that all the transportation benefits don’t work out here because it’s outside the mileage range. I do tell my patients, if you can afford it and want more choice, you should steer clear of Advantage plans. But you’ve helped me see why some people might choose one.
Hi, great information, even though I just finished my yearly Medicare certifications. Always information overload, so I appreciate your simple and precise explanation. I love my Advantage plan because it suits my finances and my referrals always get approved. I’m also Medi-Medi. I also do what’s best for the customer. Subscribed.
Some areas of the US have hospitals and providers 😊 who will not accept Medicare Advantage plans or will stop accepting them in 2025. That's also a factor to consider, especially in rural areas or urban/suburban areas with hospital monopolies.
@@mapguy32 Agreed. A major hospital system in northwest Indiana dropped two Advantage providers in April last year. If you were on those plans you were SOL until open enrollment. And even then, will your future plan/carrier be safe?
@@GetAtThat 😊Erik has a video that sheds light on the exaggerated claims about drops which some people post here. It is a very low risk. Approvals are another exaggerated risk, as Erik reveals.
Very true. Networks are important to consider. At about the 10:30 in this video: ua-cam.com/video/ewH3TXydopc/v-deo.html We go over those instances and the network problems.
@@GetAtThat most of the time you have special election periods that allow you to change mid year. I haven’t run into a situation yet I haven’t been able to change a client mid year.
Medicare can be so confusing, thank you for making it more clear between the two plans, I live in SoCal and I will be watching the video for my state!! 😊
Incredible work, as usual. 😊 Medicare Cost plans are interesting too. Sort of a hybrid between Supp and Advantage but only offered in some counties. Also, adding hospital indemnity/cancer insurance can change the cost and risk exposure on Advantage plans. It’s almost like adding a low cost Med supp to an advantage plan. Thanks Eric.
😊 Thank you so much for such an objective comparison of the two. I am turning 65 next March so I have to make a decision about this within the next few months. I am still currently massively unsure about which way to go. Unfortunately, my crystal ball is broken that should be telling me how sick or injured I may become as I get older. I will continue to watch your videos and I thank you so much for providing this information.
@jeffmiller8209 😊 are 2025 medigap rates available? If so, why aren't they on medicare gov? Is there any word on when 2025 rates will be on medicare gov? Thanks!
@paulbmiles medigap rate updates are not on the same calendar schedule. They dont all renew on January 1. Different insurance companies have different renewal dates (Any month of the year) so the company you're with will affect that.
@jeffmiller8209 Thanks for those replies. Wow, that is interesting. I'm still in the budgeting phase to sign up at 1/1/2026. So one could sign up for the first time, now for instance under a 2024 rate and potentially end up with a poor choice, price wise? Btw, I'm thinking Part N, in Ohio, Issue age.
Good video as always..my only criticism is that drug coverage is a much more complex issue in 2025 than you imply. In fact, insurers have responded to the new Medicare rules by removing a number of meds from their formulary (or moving them down a tier or 2). The $2,000 cap is as phony as a $3 bill because it only applies to meds in the formulary. In my particular case, a $1,500 total cost in 2024 (Part D premium and co-pays) would become $11,000+ in 2025 if I stayed in the same plan. Even moving to the lowest cost plan is estimated to cost $5,000. No changes in meds, and using generics in every case possible. The effect is huge - and significantly underplayed. 😊
I agree with you. Drug coverage is a huge issue. In the context of this video in particular, it isn't really handled too differently between the two routes people can take. Advantage plans tend to have no premium cost and lower deductibles, but you're tied to the full plan based on the formulary where with a supplement plan, you can shop around and don't have to change all your other coverage to change your drug plan. Part D is a mess this year. No doubt about that.
Great info and more importantly, HONESTY. Your mom would be so proud of you...I imagine she was proud of you since the day you were born, but more-so in your adult life! Let me offer my condolences on the loss of your "Fishing" buddy and partner. Finally, thank you for helping me as I start my retirement in the next 2 years. I won't be able to complain that I was uninformed. B
That caveat at the end is very important to many people who will opt for supplement plans because they want the greater freedom to select their doctors, and also not have to wait for, and hope for their insurance companies approving procedures. Also critical, once a person is on an Advantage plan, they can't move in most states to a supplement without going through medical underwriting, so when they're sick it's too late to switch, so they're trapped on Medicare Advantage, which is no laughing matter. 😊I do appreciate the complete view you provide in your videos, even though I detect a subtle push toward MA plans.
Appreciate you taking the time to watch ☺ Zero push to advantage plans. In fact, in the latest video yesterday I share the percentage of clients who go with one or the other. This is a teaser... so check it out and it may surprise you. It's very hard for the Advantage plan to lose the cost comparisons in the vast majority of cases when put up against a Plan N or Plan G. I try to let everyone know that the conversation is not always about cost though, so other factors definitely come into play.
😊 Very nicely done video. I am a case manager and see people with Advantage plans all the time. They can’t get insurance auth for rehab and so many other things. I see it daily. But this video was very informative. Thank you
☺ Hi Erik, as usual, your videos are one of a kind. I really love it when you point out the clickbait videos. There are many terrible Medicare videos on YT that make me furious.
Thank you for your support! Means a lot. ☺ I agree... there is a level of thumbnail design that has to happen. Need to get the click, but there are some serious oversteps in my opinion.
😊Another great and informative video, Erik. Your non-biased look at ALL options when discussing Supplement vs Advantage comes through crystal clear, as usual. I appreciate that. - -Lyle
😊Well, last year 2023 my husband ended up in the hospital with prostate cancer, and then on an emergency basis with a detached retina. With our supplement G plan, there were almost no costs with the exception of our premium costs. My sense is that if you live in a major urban area and can scope out the doctors under an advantage plan, and you’re unlikely to need to ever go out of network, you may be fine. My mom had Kaiser in Southern California until she went on hospice care and passed away. It was seamless for her as she worked for a government agency and had it before she retired, too. We moved to central Texas before we went on Medicare and without a Kaiser-type option here, we decided to pay upfront and stick with a supplement plan. I’m glad we did for 2023! We do have maximum flexibility with doctors and adjunct care like physical therapy, but yes, we are paying more for this. Luckily, we are in a financial position to do so, which isn’t the case for everyone.
Thanks for putting up this video. Great stuff! 😊 You are so right, at looking at what works for each individual and not a one size fits all approach to supplement vs advantage plans.
😊Thanks for the straight forward explanation of the two options, I am not retiring for anther two years but trying to understand the entire process so I will be fully informed when I do make my decision. Today, I take no drugs and I am healthy and active so I think the Advantage plan would be a good option to start as I will probably need the Dental and Vision more than the medical.
😊Yep, it's all about personal preferences and risk tolerance. Many of us probably think we've been relatively healthy our whole lives, saving $ with an Advantage Plan seems like a good choice. The problem is, the odds are, every year we age the probabilities of needing medical care of some sort of issue will arise, sometimes it's major events, sometimes it's less severe things but they keep piling on... That's the real personal internal debate we must think about.
Might I also add that a number of larger companies offering Advantage plans now offer ‘national’ networks. Still not the same benefit you might get with a Supplement, but not as limiting as a strictly ‘local’ network (though you have to do the research to figure out the network providers in whatever location you’re traveling to).😊
Regarding Advantage plans, he is speaking strictly about an HMO ..there are also PPO Advantage plans that allow far less restrictions while also having the financial benefits of an HMO. Overall for many this presentation is helpful.
☺ Another excellent video packed full of information. I have a few years to go before I am eligible for Medicare and this channel is helping me understand a lot of information I will need to make the best decision for me and my wife. Thank you!
I am 76 and have had Medicare plus Blue Medicare NC supplement since age 65. The premium has steadily gone up, to $311 a month ($3700 a year) now. Will likely go up even more in May. I only have a doctor visit twice a year. SO. I've chosen a Medicare Advantage plan for 2025 with a zero monthly premium and a maximum total out of pocket of $5900. Includes a drug plan. I only take 4 generic drugs all at zero cost on this plan. So if my health stays the same I will save around $20,000 in the next five years.
Great summary ☺☺. I chose a MA plan initially to save money in my HSA for later in life. Getting a buy back so reduces my Part B premium and paying all premiums out of pocket letting the HSA grow tax free. Now trying to figure out when might be the best time to convert to a Gap and Part D plan to cap MOOP. I think the government is going to eventually do a hybrid that everyone has to convert to and at that time there will be no underwriting. Not worried about underwriting now since I'm in good health, but they are gonna have to go to a common base plan at some point to simplify a horribly complicated system.
😊 I checked this video because I heard my grandma talked about choosing her healthcare plan. I didn’t understand what she was discussing about plans with my parents. I think I have health insurance from my parents. Anyway, I understand a bit more about healthcare from watching this video, not 100% though.
😊. I’m sticking to my plan g for now, someday might use the birthday rule to go to plan n. But I continue to monitor 👀 the FB group of retirees from my employer group where most signed up for a specific PPO MA plan: last couple of years everybody loved it. This year lots of problems with denials, appeals and the ever shifting sands of the drug plan’s tiers & formulary 😮.
Ive enjoyed many of your videos. And thanks to your great research I have already decided the route I'm taking. Off topic: If I promise not to wear it on the same days as you, where do you get your'e shirts? I really like the look!
Thank you so much!! Primo Golf Apparel! primogolfapparel.com/ They were big online when Phil Mickelson wore their joggers to The Open in Britain. The owner is a friend of mine :) There is a discount code: "RetirementNerds" if you find anything you like and want a discount there. And you can wear them on the same day. Twinning!
😊I appreciate this video. I have friends that are very different than I am. When I asked my friend why she made a change in her CGM, she said because the doctor told me to. They are saving a lot money, at this point And when she has medical questions, she asks me for explanations so the doctor's willingness to explain is not an issue. I remember when we had a normal employer plan. The need to wait for referrals and authorizations, was exhausting, especially when I was sick. As I type this, there is a video titled Why I would never choose Medicare Advantage. I am not going to watch it.
😊Well explained, moved to location where existing Advantage plan is not available for my Mom. She lives with me on a limited income. Also during this time my Mom was diagnosed with Stage 4 Non Small Cell Lung Cancer, which was a shock, we had no idea. I'm concerned about pre-existing conditions now. Suggestions? Also, trying to find you video on for Kentucky.
This is a very good comparison of plans, but I think they should also focus on out of network costs. My disabled sister in law was diagnosed with cancer. We specifically brought her to a hospital because it was identified as in-network by the Medicare Advantage plan she has. Six months later, we found out that the Advantage plan was no longer in network. She is now responsible for $13,000 annually as the out of network maximum amount. If you are seriously ill, Advantage plans seriously limit where you can be treated.
Choosing Medicare plan is more than just dollars and cents. With Advantage Plan you must use THEIR network of doctors/specialists, which may but more often are not the best in their fields. With Supplement Plan you can seek out the best doctors/specialists anywhere in the country for your condition. That freedom is what you are paying for with the higher cost of the Supplement Plans.
A PPO Advantage plan does not restrict the enrollee to using in-network providers. Out-of-network care will usually involve higher out-of-pocket copays, though.
@@g0989 Are out-of-network doctors on a PPO Advantage Plan the same as doctors on Original/Supplement Plans? For example, you live in Texas but you find a great doctor in Boston who is expert in the condition you seek treatment and want to use him. Well, it's 99% chance he/she participates in Original/Supplement Medicare and can treat you; but if you're on an Advantage PPO Plan, he/she might NOT necessarily participate in that particular Advantage PPO Plan that you're on.
The problem is a lot of enrollees do not understand what that plan g premium will be in 10-15 years; it is by far much more flexibility for medical but if you can’t afford to pay other bills and buy food then it’s not really the best option for that person. It’s unique to each person
😊
😊 My husband turned 65 in October, he applied for Medicare A and B; we don’t know which insurance to choose for his supplement and drug coverage, please advise😳
I truly appreciate your videos. I'm 68 & still working but have Part A. I've spoken to a Medicare "coach" who explained what the differences are between a Supplement or Advantage plan for me and my specific needs. It looks like I'll be taking a HD Plan G when I retire. Luckily for me, I live in NY, so I have flexibility with moving from one type of Plan to another, which is a "benefit" for the higher premiums I'll pay.😊
😊Great video! You didn’t include the copayments that come with Advantage plans.
😊Thank you! It’s sad that we make something so difficult for folks who are in a category that need something simple to meet their basic human needs. Do you offer videos on how we can influence changes that would simplify healthcare for those in their retirement years? I’m a sandwich generation trying to help my mother navigate these choices.
😊 You are fantastic. I am a independent agent/broker with a large agency (so I won’t mention names) however - I follow you and other and I must say you provide a balanced approach and your information checks out. Finally, I always learn something from you. Thank you and Go Vols! I will continue to watch your channel and keep learning. Ps if I wasn’t a captured agent I would send you a resume. God bless you
I LOVE this guy!!! He's very knowledgeable, open, forthright, logical, and non-judgmental! As a SHIIP volunteer, I regularly watch his videos for more detailed information on how to break down the very complex and complicated issues with Medicare to my clients! Thank you! 😀
Thank you so much for watching and your service as a SHIP volunteer!!
😊thank you
😊 whew! I am a registered nurse in Georgia and trying to help my soon retiring friends and help myself in a few years! One thing I tell folks is, if you adore your medical providers now, and can’t bear to not see them, think twice before getting an advantage plan. Some huge healthcare systems are simply refusing to accept United plans of any kind, and perhaps others. Until major renegotiations take place. In the meantime that has meant 1000s of patients have had to find new care teams.
Thanks for keeping up with all this. I’m a subscriber now👍🏽
Thank you so much for watching and subscribing! ☺️
I am in NW metro Atlanta, and a very large medical system may not accept Humana Advantage Plans starting in March of next year.
All Aetna in Chicago Illinois area doesnot pay or fairly negotiate orices to doctors/hospitalswith Ascencion Health systems!
Congress & state legislators need to stop thuscraEe ness now! Lift the FICA tax cap so everyone pays taxes fairly ! Stop the lobbyists & insurance/pharmacy / middlemen who are robbing us & US government!
😊Thank you so much for this explanation and comparison! My mother (and father until his death) have a Medicare Supplement Plan J - which I understand no longer exists. We are all in Florida. They have had their supplement plan for a long time. And they have had very little out of pocket costs, if any, for their healthcare to the point I have been amazed at how little. Since my father's death, I am much more involved in my mother's finances and she has had breast cancer, a mastectomy, radiation treatments, physical therapy for osteopenia, a 1-week stay in the hospital where she was diagnosed with a-fib, and a brain MRI for determining a dementia diagnosis. And she has had virtually no bills to pay! Now I have a better idea why - because of your video! And because of this, I won't let her even consider an Advantage plan!
On the other hand, I helped my aunt and uncle figure out how to survive on just their Soc Security income by encouraging them to find an Advantage Plan to switch to. My uncle has Alzheimer's and had let the finances go for a while - they were in a big hole financially. My aunt had no idea how long his dementia had been affecting their money, and had never been a part of it so was clueless. Part of the restructuring I did with them was to have them switch to an Advantage Plan so they could save over $550/month they were paying for the Supplement plans - money they just didn't have to spend. Even with that, and a house refi, my cousins and I rotate around sending them $100/week for groceries. My uncle said at one point that they just are living too long for what they had planned for in regards to retirement. 😂They met with an insurance agent/advisor and came up with a plan that works for them. I have worried about what that will mean if/when either of them has any major hospital stays, but so far, the biggest change was that they had to change doctors to use those in-network. It was difficult for them to make that change initially, but now they are much better off. They have been on the Advantage Plan for almost 3 years.
I am not in the insurance business, I have had no training on Medicare, I am not old enough myself to be on Medicare, but my husband is. All of what I have learned about Medicare, supplements, and Advantage plans have been through his, my mother's and my aunt/uncle's experiences, so I am definitely NOT an expert! And I have long wondered why every year Advantage plans are being pushed so hard during Open Enrollment and sometimes wonder if my mother should switch at some point. But as long as she can afford the premiums of her Supplement J plan, I feel like I don't want her to give that up so she can have that flexibility of getting the best doctors she can if/when she needs more - and would be concerned that she wouldn't be able to get that level of care from an Advantage plan. I feel like that Plan J is the Golden Ticket!
Thanks again, for that explanation and comparison! It really helps fill in my knowledge gaps!
Thank you so much for watching and helping your family through this!
😊I’m a bit frazzled by the amount of info I’ve listened to the past week. I had chosen a new advantage plan a few days ago but now I think I’ve made that choice prematurely. Since the oep is still here can I change to a medigap plan even though I just enrolled in the advantage plan? This is not my oep. Thanks for the great video. I like your style.
This is the most concise comparison of Medicare choices ever. I will be turning 64 soon and plan to contact Retirement Nerds for guidance in the coming year, thank you.
Thank you so much for watching! Got your email. Appreciate you!
Once in supplement can I change to Advantage plan in 2026? TIA
@@mmirafuentess1990no
A lot will change before you hit 67.
😊 The best and easiest to understand comparison I've seen yet. Great visuals, too. Seeing the whole picture at once really helps, thank you so much!
So glad it was helpful! Thank you for watching! ☺
I congratulate you on creating such a concise overview without going down a bunch of rabbit trails the adds confusion to the overall picture!
Thank you so much for spending the time to watch :)
Eric does the best explaining this government health program. I watch other UA-camrs but this channel explain it clearly and viewers like me understand it well. 😊
Thank you so much for saying this! ☺
You are way nicer than we deserve!
Everyone one of us have a unique situation to consider in relation of our finances, health, lifestyle, age and priorities in life. This presentation avoids taking sides about which Medicare plan is best, it is a good base to start and must be followed by due diligence from our part!
Thank you Eric, congratulations!
Thank you so much for watching! :)
Erik, Thank you for the even-handed evaluation of the Medicare plans. It is a great service for you to take the time and present the information to all of us free of charge. Of course, it is a marketing venue for your agency and should afford you many referrals. Since you're generous with your time and knowledge, I hope this effort affords you all of the business you want and you and your family a comfortable living.
😊I watched several Medicare related videos to prepare my transition to Medicare from an employer sponsored health plan. So far this is the most comprehensive and thorough one. Very helpful.
This means a lot! Thank you so much for spending the time with me and your kind words! ☺
I also wanted to say you are very helpful and thorough in your explanations. Thank you and keep up the great job!
😊 Prior to my husband's death a few years ago we signed up for the Advantage plan for the added benefits. In our rural California area it was a mistake. My PCP was in a different town & I struggled to get an appt. Standard Medicare plus Plan G supplement gives me the greatest coverage for my geographical location and transportation availability.
Thank you for watching and sharing your experience 😊
😊. Medicare is complicated. I spent months researching what was right for me. Thank you for the objective coverage. Everyone needs to make their selection based on their own health and finances. Finding an objective Medicare advisor was not that easy. Met with one who gave me 2 advantages plan options. When I asked about supplement planes I was told they don’t have dental. I found a different advisor
Smart on your part. I think all agents should present both to people, show how they work, and trust that you know yourself well enough to be able to identify which would work well for you. Appreciate you! ☺
Love how comprehensive and detailed your podcasts are when it comes to the differences between Medicare supplements, vs advantage. Turning 65 next year, and I will be faced with these decisions. Your podcasts have been a great help in helping me to make an informed decision. Given my family history of catastrophic illness, Plan G looks like the best choice for me. The only drawback is the extra expense of trying to find affordable drug, dental, and vision supplements. ☺
Appreciate you watching ☺️
So glad to hear they are helpful! G is super solid. Use an agent to shop things for you and find the right plans (supplement, drug, dental, etc.).
My wife and I know both supplements and advantage plans. We have had them both for over 10 years. Both work as designed but the Advantage plan (PPO) with UNH has been the best overall. Saving us thousands of dollars and still offering good coverage with modest co-pays and we can use it anywhere in the USA. You'll be hard-pressed to find a doctor or hospital that does not accept this UNH plan.
Thank you for sharing your experience!
UR full of shit pal NO advantage plan is good when your sick
Hi ty. I just changed from Humana PPO to UHC PPO but I am turning 65 in Feb & I think I need to get Supplement G. But what if we all change back to Original Medicare will I still be able to get G without medical review or price increase?
@@Cynthia-i7c Do u know what ur saying you'd better read up ur in left field
I appreciate your videos. Shame on the agents that lead individuals to a plan because of the commissions. Everyone is an individual. 😊
Agreed! However, the VAST majority of agents are trying their best to do what's right for you. As is the case with any profession, a few bad apples cause problems for everyone.
Greatly informative as always and very clearly explained!! 😊
Thank you so much! 😊
Thank you for the information on the comparisons on the different plans.😃
Appreciate you watching! 😊
Thank you Eric. Congratulations on 142,000+ subscribers. 😊
Thank you so much! Pretty crazy!
Thanks!
Wow! Thank you so much!!
Excellent, great information. I have dealt with both supplement and Advantage Plan. Advantage plan does save money with vision and dental, but I will probably switch back to Medicare now I am 70 and have seen my older siblings having medical issues. When you start having health issues, the freedom to go to any doctor or hospital for any kind of medical needs.and not worry about all of it.😀
Thank you so much for watching and sharing your thought process! ☺
This is a great discussion. Thanks!☺️
Thank you! 😊
😊 Thank you so much for this video. I work front desk at a PCP office. Some of this I have learned just from doing it every day, but you made it so very straightforward and clear. I plan to binge watch your other ones too. My patients ask me all the time. I will be recommending this video!!
The one thing I will say is we see a lot of problems with the Advantage plans when it comes to having to see a Specialist. Many of the Specialists we refer to are now not accepting the Advantage plans or they will say we only allow a certain % of our practice each month with this plan so you can’t see the doctor until 2 or 3 months out. Plus they need referrals and pre certifications and they are constantly changing their formulary on the drugs. Also, we are in a semi rural area outside a major metropolitan area and they tell me that all the transportation benefits don’t work out here because it’s outside the mileage range. I do tell my patients, if you can afford it and want more choice, you should steer clear of Advantage plans. But you’ve helped me see why some people might choose one.
Thank you so much!! 😊
Appreciate you watching. Lots of videos here. If you have any specific questions, happy to point you in the right direction 🙂
Great explanation! Shared it with my friends!
Thank you so much!
Hi, great information, even though I just finished my yearly Medicare certifications. Always information overload, so I appreciate your simple and precise explanation. I love my Advantage plan because it suits my finances and my referrals always get approved. I’m also Medi-Medi. I also do what’s best for the customer. Subscribed.
Thank you so much for watching!
Excellent video, thank you so much!
Thank you!
Thank you my friend, for the Medicare information plans for 2025 thank you Eddie
I love your videos. Thanks for the efforts to educate us. 😊
Appreciate you tuning in! 😊
😌Thank you for your knowledge and the wonderful way you explain everything!!!
Thank you so much for watching! 😊
Thank you for all your clarity for the confusion I had!💛
Appreciate you watching!
Thank you! This is very digestible and really helps understand the options!
So glad it is helpful! Thank you for spending time with me!
☺️ Great video, so informative!
Great presentation! Thanks for the best explanation and comparison of advantage vs supplement 👍🏼👏🏼
Appreciate you! ☺
Great video, full of information. Thank you 😊
Thank you for watching! 😊
😊 Thank you SO much for the great work you are doing on your channel!
You are too kind ☺
Sure do appreciate you!
Some areas of the US have hospitals and providers 😊 who will not accept Medicare Advantage plans or will stop accepting them in 2025. That's also a factor to consider, especially in rural areas or urban/suburban areas with hospital monopolies.
@@mapguy32 Agreed. A major hospital system in northwest Indiana dropped two Advantage providers in April last year. If you were on those plans you were SOL until open enrollment. And even then, will your future plan/carrier be safe?
@@GetAtThat 😊Erik has a video that sheds light on the exaggerated claims about drops which some people post here. It is a very low risk. Approvals are another exaggerated risk, as Erik reveals.
Very true. Networks are important to consider.
At about the 10:30 in this video: ua-cam.com/video/ewH3TXydopc/v-deo.html
We go over those instances and the network problems.
@@GetAtThat most of the time you have special election periods that allow you to change mid year. I haven’t run into a situation yet I haven’t been able to change a client mid year.
As always, your videos and information are some of THE best anywhere! Thank you! 😊
Appreciate you saying this! Means a lot! Thank you for your support ☺
😊got it. I am about 3-4 weeks away from having to chose for the first time. I will be checking in with my Fidelity advisor shortly. Thx.
Thank you for watching! ☺
Thank you for your videos. I share them with a lot of people. I always feel more at ease with this information.
Thank you so much for watching and sharing! Appreciate you and happy to know they are helpful :)
Medicare can be so confusing, thank you for making it more clear between the two plans, I live in SoCal and I will be watching the video for my state!! 😊
Thank you so much for watching! ☺
Here is the California video: ua-cam.com/video/zCcgp0BUY3o/v-deo.html
😊You take such a complex subject and make is understandable. thank you
Trying to help in some small way :)
Thank you so much for watching! ☺
Thank you from Rochester NY.
You have the best educational
and informative info. Couldn't find the blushing emoji😊
Thank you so much for watching! And you found it! ☺
Incredible work, as usual. 😊 Medicare Cost plans are interesting too. Sort of a hybrid between Supp and Advantage but only offered in some counties. Also, adding hospital indemnity/cancer insurance can change the cost and risk exposure on Advantage plans. It’s almost like adding a low cost Med supp to an advantage plan. Thanks Eric.
100% Thank you so much Adam! ☺
😊 Thank you so much for such an objective comparison of the two. I am turning 65 next March so I have to make a decision about this within the next few months. I am still currently massively unsure about which way to go. Unfortunately, my crystal ball is broken that should be telling me how sick or injured I may become as I get older. I will continue to watch your videos and I thank you so much for providing this information.
Thank you so much for spending time with me! ☺
It's a lot to juggle. Getting an idea of the plans in your area helps make it less intimidating :)
🙂Great video & appreciate how you explain the differences. I'm now a subscriber.
Thank you so much!!
Very helpful comparison of both plans, especially as I am trying to understand them from an agent perspective.
Thank you so much for watching!
Good video Erik. Thanks.😊
Thank you Tom! ☺
Thank you this was very informative
Thank you so much for watching!
Thank you, Eric!!!
Appreciate you Jeff!
@jeffmiller8209 😊 are 2025 medigap rates available? If so, why aren't they on medicare gov? Is there any word on when 2025 rates will be on medicare gov?
Thanks!
@paulbmiles medigap rate updates are not on the same calendar schedule. They dont all renew on January 1. Different insurance companies have different renewal dates (Any month of the year) so the company you're with will affect that.
@@Theretirementnerds Thank you, Eric! I'm so glad you picked up on Paul's question. I had no clue how to answer that.
@jeffmiller8209 Thanks for those replies. Wow, that is interesting. I'm still in the budgeting phase to sign up at 1/1/2026. So one could sign up for the first time, now for instance under a 2024 rate and potentially end up with a poor choice, price wise?
Btw, I'm thinking Part N, in Ohio, Issue age.
Good video as always..my only criticism is that drug coverage is a much more complex issue in 2025 than you imply. In fact, insurers have responded to the new Medicare rules by removing a number of meds from their formulary (or moving them down a tier or 2). The $2,000 cap is as phony as a $3 bill because it only applies to meds in the formulary. In my particular case, a $1,500 total cost in 2024 (Part D premium and co-pays) would become $11,000+ in 2025 if I stayed in the same plan. Even moving to the lowest cost plan is estimated to cost $5,000. No changes in meds, and using generics in every case possible. The effect is huge - and significantly underplayed. 😊
I agree with you. Drug coverage is a huge issue.
In the context of this video in particular, it isn't really handled too differently between the two routes people can take. Advantage plans tend to have no premium cost and lower deductibles, but you're tied to the full plan based on the formulary where with a supplement plan, you can shop around and don't have to change all your other coverage to change your drug plan.
Part D is a mess this year. No doubt about that.
Great info and more importantly, HONESTY. Your mom would be so proud of you...I imagine she was proud of you since the day you were born, but more-so in your adult life! Let me offer my condolences on the loss of your "Fishing" buddy and partner. Finally, thank you for helping me as I start my retirement in the next 2 years. I won't be able to complain that I was uninformed. B
Thank you Brian! Appreciate you and your support! 🙏🎣
FANTASTIC !
Thank you!
Outstanding presentation! A+
Thank you!
Thank you Erik!! always love your valuable information😊
Appreciate you! ☺️
Excellent info. Thanks 😊
Thank you! ☺️
That caveat at the end is very important to many people who will opt for supplement plans because they want the greater freedom to select their doctors, and also not have to wait for, and hope for their insurance companies approving procedures. Also critical, once a person is on an Advantage plan, they can't move in most states to a supplement without going through medical underwriting, so when they're sick it's too late to switch, so they're trapped on Medicare Advantage, which is no laughing matter. 😊I do appreciate the complete view you provide in your videos, even though I detect a subtle push toward MA plans.
Appreciate you taking the time to watch ☺
Zero push to advantage plans. In fact, in the latest video yesterday I share the percentage of clients who go with one or the other. This is a teaser... so check it out and it may surprise you.
It's very hard for the Advantage plan to lose the cost comparisons in the vast majority of cases when put up against a Plan N or Plan G. I try to let everyone know that the conversation is not always about cost though, so other factors definitely come into play.
Very comprehensive review, thanks for putting it together. 😊
Thank you so much! ☺️
😊 Very nicely done video. I am a case manager and see people with Advantage plans all the time. They can’t get insurance auth for rehab and so many other things. I see it daily. But this video was very informative. Thank you
Thank you so much! ☺️
Thanks, camn I ask where you live? I am in the Florida panhandle.
Great presentation, balanced.
Thank you!
☺ Hi Erik, as usual, your videos are one of a kind. I really love it when you point out the clickbait videos. There are many terrible Medicare videos on YT that make me furious.
Thank you for your support! Means a lot. ☺
I agree... there is a level of thumbnail design that has to happen. Need to get the click, but there are some serious oversteps in my opinion.
A smile 😊 a day keeps those doctors away which is my hope for all, your videos keep me 😊
Thank you so much!! ☺
Appreciate your support!
Excellent description and comparison of the various plans based on costs and ROI
Thank you for the balanced and informative video.
Thank you so much for taking the time to watch my friend! Appreciate you!
😊Another great and informative video, Erik. Your non-biased look at ALL options when discussing Supplement vs Advantage comes through crystal clear, as usual. I appreciate that. - -Lyle
Thank you so much Lyle! Appreciate you!
😊Thank you so much for your incredibly informative videos.
Thank you so much for watching and your nice comments! ☺
Improved charting from last year
Thank you :) Trying to get better every day :)
Flexibility is key advantage of a supplement plan, you can research and choose a doctor, covered anywhere if traveling
Great Video 😊
Thank you so much! ☺
😊Well, last year 2023 my husband ended up in the hospital with prostate cancer, and then on an emergency basis with a detached retina. With our supplement G plan, there were almost no costs with the exception of our premium costs. My sense is that if you live in a major urban area and can scope out the doctors under an advantage plan, and you’re unlikely to need to ever go out of network, you may be fine. My mom had Kaiser in Southern California until she went on hospice care and passed away. It was seamless for her as she worked for a government agency and had it before she retired, too. We moved to central Texas before we went on Medicare and without a Kaiser-type option here, we decided to pay upfront and stick with a supplement plan. I’m glad we did for 2023! We do have maximum flexibility with doctors and adjunct care like physical therapy, but yes, we are paying more for this. Luckily, we are in a financial position to do so, which isn’t the case for everyone.
Thank you for watching and taking the time to share your experiences! ☺
Thank you for a very good explanation
Very nice info. 😊 Thank you!
Thank you so much! ☺
Great video
Thank you!
😊love your videos!!!
Appreciate you so much! ☺
Excellent video!!!
Thank you!
Thanks for putting up this video. Great stuff! 😊 You are so right, at looking at what works for each individual and not a one size fits all approach to supplement vs advantage plans.
😊Thanks for the straight forward explanation of the two options, I am not retiring for anther two years but trying to understand the entire process so I will be fully informed when I do make my decision. Today, I take no drugs and I am healthy and active so I think the Advantage plan would be a good option to start as I will probably need the Dental and Vision more than the medical.
Thank you for taking the time to watch! 😊
Thank you your presentations are great. wish you could pick my TN plan for me
Thank you so much for watching! I have partners licensed for TN if you need help. Erik@theretirementnerds.com is my email.
😊Yep, it's all about personal preferences and risk tolerance. Many of us probably think we've been relatively healthy our whole lives, saving $ with an Advantage Plan seems like a good choice. The problem is, the odds are, every year we age the probabilities of needing medical care of some sort of issue will arise, sometimes it's major events, sometimes it's less severe things but they keep piling on... That's the real personal internal debate we must think about.
100%. I wish we all had a crystal ball... but alas... we do not. ☺
@@Theretirementnerds I can probably find one on Amazon! 🤣
@@ph5915 🤣😂
Thank you of information. 😊
Thank you 😊
Appreciate you! ☺
Very helpful. You made a stupidly complicated situation comprehensible for "normal" folk like me.
So glad it was helpful! Thank you for taking the time to watch!
I'm still confused. Lol
@@kathysoltys3104 I'm 95% there, haha
😊
Awesome video!
Thank you! ☺
😊 About to embark on this journey.
It's an adventure... 😬
Might I also add that a number of larger companies offering Advantage plans now offer ‘national’ networks. Still not the same benefit you might get with a Supplement, but not as limiting as a strictly ‘local’ network (though you have to do the research to figure out the network providers in whatever location you’re traveling to).😊
Regarding Advantage plans, he is speaking strictly about an HMO ..there are also PPO Advantage plans that allow far less restrictions while also having the financial benefits of an HMO. Overall for many this presentation is helpful.
We touch on PPO as well. That whole section on out of network max out of pocket is referring to PPO options :) Thank you for watching.
☺ Another excellent video packed full of information. I have a few years to go before I am eligible for Medicare and this channel is helping me understand a lot of information I will need to make the best decision for me and my wife. Thank you!
So glad it is helpful! Thank you for spending time with us! ☺
Thank u!
I am 76 and have had Medicare plus Blue Medicare NC supplement since age 65. The premium has steadily gone up, to $311 a month ($3700 a year) now. Will likely go up even more in May. I only have a doctor visit twice a year. SO. I've chosen a Medicare Advantage plan for 2025 with a zero monthly premium and a maximum total out of pocket of $5900. Includes a drug plan. I only take 4 generic drugs all at zero cost on this plan. So if my health stays the same I will save around $20,000 in the next five years.
Thank you for watching and sharing your experience!
Great summary ☺☺. I chose a MA plan initially to save money in my HSA for later in life. Getting a buy back so reduces my Part B premium and paying all premiums out of pocket letting the HSA grow tax free. Now trying to figure out when might be the best time to convert to a Gap and Part D plan to cap MOOP. I think the government is going to eventually do a hybrid that everyone has to convert to and at that time there will be no underwriting. Not worried about underwriting now since I'm in good health, but they are gonna have to go to a common base plan at some point to simplify a horribly complicated system.
It's wild how complicated it is... right?
Thank you for watching! ☺
😊 I checked this video because I heard my grandma talked about choosing her healthcare plan. I didn’t understand what she was discussing about plans with my parents. I think I have health insurance from my parents. Anyway, I understand a bit more about healthcare from watching this video, not 100% though.
Appreciate you spending time with me! ☺️
OMG! So many decisions!😊
It is a lot... Thank you for watching! ☺
😊. I’m sticking to my plan g for now, someday might use the birthday rule to go to plan n. But I continue to monitor 👀 the FB group of retirees from my employer group where most signed up for a specific PPO MA plan: last couple of years everybody loved it. This year lots of problems with denials, appeals and the ever shifting sands of the drug plan’s tiers & formulary 😮.
2025 will be a whirlwind mixed with a tornado and a volcano... we'll see what it all looks like in the end.
😊 I guess that's the right one.. Lol! Anywho, thanks so much for the VERY informative content. You're the best!!!! Mack
That is the right one ☺️ thank you!
Ive enjoyed many of your videos. And thanks to your great research I have already decided the route I'm taking.
Off topic: If I promise not to wear it on the same days as you, where do you get your'e shirts?
I really like the look!
Thank you so much!!
Primo Golf Apparel!
primogolfapparel.com/
They were big online when Phil Mickelson wore their joggers to The Open in Britain.
The owner is a friend of mine :)
There is a discount code: "RetirementNerds" if you find anything you like and want a discount there.
And you can wear them on the same day. Twinning!
😊I appreciate this video. I have friends that are very different than I am. When I asked my friend why she made a change in her CGM, she said because the doctor told me to. They are saving a lot money, at this point And when she has medical questions, she asks me for explanations so the doctor's willingness to explain is not an issue. I remember when we had a normal employer plan. The need to wait for referrals and authorizations, was exhausting, especially when I was sick. As I type this, there is a video titled Why I would never choose Medicare Advantage. I am not going to watch it.
Catchy title though! Thank you for watching and sharing your experience!
😊Well explained, moved to location where existing Advantage plan is not available for my Mom. She lives with me on a limited income. Also during this time my Mom was diagnosed with Stage 4 Non Small Cell Lung Cancer, which was a shock, we had no idea. I'm concerned about pre-existing conditions now. Suggestions? Also, trying to find you video on for Kentucky.
Looks like you found the KY video.
If she can afford the costs, definitely something to consider.
This is a very good comparison of plans, but I think they should also focus on out of network costs. My disabled sister in law was diagnosed with cancer. We specifically brought her to a hospital because it was identified as in-network by the Medicare Advantage plan she has. Six months later, we found out that the Advantage plan was no longer in network. She is now responsible for $13,000 annually as the out of network maximum amount. If you are seriously ill, Advantage plans seriously limit where you can be treated.
Blushing cheeks aglow,
Silent joy in pixel form-
😊 speaks all. (ai hiku) Looking forward to the sneaky medicare marketing video!
Haha! Thank you so much! ☺
Choosing Medicare plan is more than just dollars and cents. With Advantage Plan you must use THEIR network of doctors/specialists, which may but more often are not the best in their fields. With Supplement Plan you can seek out the best doctors/specialists anywhere in the country for your condition. That freedom is what you are paying for with the higher cost of the Supplement Plans.
A PPO Advantage plan does not restrict the enrollee to using in-network providers. Out-of-network care will usually involve higher out-of-pocket copays, though.
@@g0989 Are out-of-network doctors on a PPO Advantage Plan the same as doctors on Original/Supplement Plans? For example, you live in Texas but you find a great doctor in Boston who is expert in the condition you seek treatment and want to use him. Well, it's 99% chance he/she participates in Original/Supplement Medicare and can treat you; but if you're on an Advantage PPO Plan, he/she might NOT necessarily participate in that particular Advantage PPO Plan that you're on.
He said that in the video.
The problem is a lot of enrollees do not understand what that plan g premium will be in 10-15 years; it is by far much more flexibility for medical but if you can’t afford to pay other bills and buy food then it’s not really the best option for that person. It’s unique to each person