The 7 Medicare Plans Nobody Talks About [And What They Cover] 🤫
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- Опубліковано 8 вер 2024
- Today, Marvin Musick from Medicare School breaks down the 7 Medicare Supplement (Medigap) plans that are rarely discussed, covering what they include and how they are different from one another. He provides a detailed overview of Plans A, B, K, L, N, G, and F, explaining the gaps each plan covers in Original Medicare Parts A and B.
Musick gives clarity to key points like standardized coverage across carriers, premium variations, household discounts, and the best time to enroll without medical underwriting. He also addresses foreign travel coverage and compares the costs of these lesser-known Medigap plans.
Whether you're turning 65 or re-evaluating your supplemental coverage, this video offers the help you need to confidently choose the best Medigap plan for your situation and needs.
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People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
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The fifty dollar co pay for an emergency room visit is not charged if you are admitted to the hospital.
Thank you, thank you!! So clearly explained. I’m going to watch the rest of your tutorials now! 😊
Awesome! Thank you!
Did more research in my state and now I am ready to choose best supplement. Thank you for the teachable moment.❤
You got this!
Very helpful. I've been on Medicare for 4 years and still don't completely understand it. Last year I went through underwriting and passed, and changed from a plan with 5/6 gaps covered and no foreign travel coverage and no listing (in the company's paperwork) for ambulance coverage (and no one who could tell me what it was) to a new plan with 5/6 gaps covered, foreign travel coverage, and ambulance coverage actually listed as a covered item. So I wonder what Medicare requirements are for ambulance coverage.
I haven't found any company in my state (MN) that explains their coverage so clearly as these videos. The company/plan that I'm with now has never used the Medicare letters (F, N, etc) to explain anything and uses really inconsistent terminology (in my opinion) throughout the documents they do send out. It must be that customer confusion works to the company's advantage, although I don't know why they wouldn't want everyone buying their most expensive plans. I still don't know which letter applies to my plan, but it seems to be a good plan and so far covers what I expect it to cover.
Anyway, thank you for a great video.
Marvin, all of your videos are very informative and helpful. I look forward to each and every one of them.
That is fantastic to hear, glad we're able to provide you with all you need to know!
Could you please do an episode about the Minnesota situation? I thought I understood everything after watching a number of your excellent videos, but now as a Minnesota resident I just learned everything I thought I knew is out the window. Help! (and thank you!)
You can always contact our office to answer any questions about this at 1-800-864-8890
Wow healthcare is certainly a business in America 😢; A complicated one.
My husband is on plan F but lots of health issues.We are in a birthday rule state can he switch to a plan G without going through medical underwriting?
PlanL can be potentially good I think if you reach the moop very early in the year.
What is a "MOOP"? Never heard of this before.
@@perindne MOOP is an acronym that stands for maximum out-of-pocket costs. It is the annual limit on out-of-pocket expenses for medical services that are covered by a health plan. MOOPs include the portion of the bill the client owes for deductibles, coinsurance, and copayments. After reaching the MOOP, the plan pays 100% of the costs for covered services
Potential subject for a UA-cam short: what if I enjoy yearly cruises? Is that considered foreign travel? Or only if there are foreign ports of call? Puerto Rico?
Good information, and very clear
Glad it was helpful!
So is A&B mandatory first then the G is added?
Correct 💯
That is correct
Note that Medicare Part A and B are different from Supplement Plan A/B/C/.../G/N etc. I know it's confusing to use the same letters for both Medicare "Part" and Medigap/Supplement "Plan". You'd think they'd at least make one uppercase and the other lowercase or something.
@@captsorghum that’s what I was asking
@@captsorghum so what is he saying here isn’t Part A and B ? Part A shouldn’t cost extra anything Part B is what 168 ? Then add the G supplemental ? So A OR B is also a gap plan he’s describing ? That’s what I’m confused on
In New York all these suppl plans are too expensive.
did you look at aetna advantage plan or plan N
Not as expensive as not having one is…
@@Colorado18Aetna Advantage Plan is NOT a supplemental plan, but Plan N is. Any “Advantage Plan” covers what the WANT to cover and are not required by the government to provide standardized coverage. Only the Lettered Plans are fully regulated by the government.
@@cherylmcnutt9905 CMS rules require Advantage plans to provide coverage for the same services original Medicare does, at a minimum.
New York supplement plans are expensive because they are guaranteed issue in that state. If someone on Advantage gets sick, they can switch to plan G without underwriting, which then drives up costs for the supplement plan. In most states you can't do that.