if you're currently on Medicare and have a Medicare supplement and you live in New York
Vermont or Connecticut I'm going to show you how to save significant money on your monthly premium
this is actually pretty exciting so stay tuned okay we're gonna talk about my favorite subject
which is saving money on your Medicare supplement plan and I'm Keith Armbrecht I'm founder of
Medicare on video and I help people across the country make the right Medicare choices and I
can certainly help you as well now if you live in New York or Connecticut or Vermont you're gonna
be glad you found this video I'm going to show you some things that you probably haven't seen
before and I'm gonna explain to you exactly how it works it's really not complicated at all but
there's some things specific to these three states that make choosing a supplement plan different
than just about anywhere else in the country and I'm gonna have this video located on its own URL
so write this down cuz you're probably gonna want to share it if you know somebody else in New York
for modern Connecticut that's on Medicare it'll be located on WWN why GHD comm so if you go to
NY GHD comm it'll bring this video up and you can have it there whenever you need it so if you want
to review it again it'll be a great idea so let's understand how things work in these three states
and again they're a little different than the rest of the country Medicare across the country
is considered standardized meaning a plan G's a plan G a plan F as a plan F doesn't matter
which insurance company used they are exactly the same and that is also true in these three
states but what is different is how they go about the rating and how they come to what the cost is
for the plans and how you can enroll into the plan so this is where it gets interesting in New
York Vermont and Connecticut now I'm gonna show you exactly what I'm talking about so
when you typically come into Medicare for the first time turning 65 or you've worked past 65
and you're now retiring and coming off a group plan you have what is called open enrollment so
you have a six month window that you can choose any Medicare supplement plan that you want you
don't have to answer any medical questions and they can't say no so you can pick whatever you
want and it's automatic so you get accepted no matter what so this is a a cheat from insurance
carrier underwriter talking about open enrollment period you can see right here is the standard open
enrollment period for most states across the country what you see here New York Connecticut
and Vermont show year-round open enrollment so what does that mean year-round open enrollment it
means at any time during the year whether you're 65 68 72 doesn't make any difference you can get a
Medicare supplement plan without answering medical questions so again automatic acceptance so you can
go from one plan to another plan without any limitations whatsoever simply do it they begin
into the next month and you can change any time you like so what we want to do is utilize the
benefits that these three states offer us so we need to be a little smart and how we approach
our Medicare supplement and I will tell you in a minute just kind of how it affects things as
well so when we look at how things work so again with year-round open enrollment you can pick a
plan in January you can pick a plan in May or you can pick a plan in November it doesn't make any
difference you can do it any time during the year certainly not during the Medicare open enrollment
period doesn't play any part of this whatsoever so what does that mean so it means if you are
currently on a plan f you could at any time go to plan G if you are on plan G you could at any
time go to plan F so you have the flexibility to change anytime you want so this is super important
and what most people never hear about and how to kind of work within the system on how it's built
in these three states so something a lot of us have never heard about is plan F HD and that's
Plan F high deductible I will show you exactly how this works and why this makes so much sense in New
York Vermont and Connecticut now there is a change in 2020 where F HD becomes g8 d and other than the
G and the F there's no difference in the plant and the only difference is if you turn 65 before
January 1 2020 you'd be on fhd after 2020 you'd be on GH d so it's exactly the same it's just a
little bit of technicality that goes along with it so if you are on fh d or GH d whichever it may be
you can at any time change to plan G or Plan F or plan n or any plan that you wanted to within
the Medicare supplement choices so again this is super important to understand so what does that
mean so let's look at the differences between these plants and these plants are exactly the
same the only difference between F G and F HD or G HD is the deductible so you can see here
plan out as zero deductible pays 100% right off the bat that's great coverage the problem is it's
outrageously expensive plan G exactly the same as Plan F and starting in 2020 the deductible is 197
then it pays 100% so you only have $197 deductible for the entire year plan F HD $2,300 deductibles
certainly a much higher deductible than F or G and then it pays 100% so why might you want to
have that $2,300 deductible because you will save a tremendous amount of money on your premium I'll
show you exactly how much in just a second so let's understand how this works and why are costs
so high in New York Vermont and Connecticut it's pretty simple because they mandate some certain
rights on your part which is kind of good depends on what side of the coin you're looking at but the
costs are so high because of that year-round open enrollment meaning you can switch and mix
and match and do anything you want any time of the year and the insurance company has no say
in the matter whatsoever so that raises prices right there because you can jump in even if you
have a significant health condition and then we also have Community Rating in these three
states Community Rating again depends on which side of the coin you're on but what it means is
that everybody pays the same monthly premium doesn't matter whether you're male or female
doesn't matter whether you're 65 75 80 years old it's the same cost so who might that offend you
know again which side of the coin you're on the 65 year old probably not going to be so
happy with it the 78 year olds probably pretty happy with it because they have the exact same
premium so if we understand this and we use it to our benefit let's look at what plans cost in
New York and I'm will be a little specific to New York here but it is very relative in other parts
of New York or Connecticut or Vermont but right now we're gonna look at a male female whatever
age they are 65 70 75 80 and again does it make any difference it's the same rate which again
nowhere else in the country is that the case for the most part it's all individually priced
so this is Albany New York zip code 1 to 205 so that's kind of our parameter we're going to look
at right here and again little differences here and there but relatively the same certainly in
how they relate to each other so Plan F for this person male female whatever age in zip code 1 to
205 is 248 dollars a month now take that into perspective if you were Georgia we'd be talking
about probably about $120 a month so double in New York foreplay enough so that makes us know
that we need to be more creative and figuring out what we're going to do in New York or Vermont or
Connecticut plan G $217 that matter male female whatever age doesn't make any difference in zip
code 1 to 205 so in Georgia that's probably less than a hundred dollars a month so again double the
premium in states that have mandated certain rules that make the premium go up so what about fhd in
this vim code for that same person 58 dollars a month I mean it's ridiculous how much less it is
than the other two and there's some other reasons we're talking about in just a second on why this
is the only choice that you should have NFA in New York or Vermont Connecticut you should not
be on plaintiff or plan G based on a financial but then there's some other reasons as well so let's
understand less that Plan F so remember fhd has a twenty three hundred dollar deductible you're
gonna save almost twenty three hundred dollars in premium for the year so it's a no-brainer
right off the bat just based on the financial part of it plan G you're going to say nineteen
hundred dollars in premium and the difference there is about $2,100 and deductible between
the two hundred the 197 on G and the twenty three hundred on the FHD so again obviously would make
no sense to pay nineteen hundred dollars to cover $2,100 deductible it just doesn't make any sense
so the difference in cost is significant but again why let's add a little more to the pie here so if
we're on F HD so if we get in at fifty eight dollars a month and in other parts of New York
it's a little bit higher I think it goes as high as about $69 a month but F and G also go up too
so just keep that in mind this is this is in this specific zip code it'll be a little different in
areas but not much so if we are on F HD and we're healthy that's fantastic we're saving all that
money if at some point time something comes along that's going to cause us to have more medical
utilization we can then get energy or get into F without any issues whatsoever because we have
year-round hope and enrollment so number one we're gonna save a boatload of money on having our F HD
and almost as much as the deductible on F HD so again right off the bat makes all the sense in the
world to do it just financially but throw into the fact that we have year-round open enrollment and
if our situation changes we can jump into whatever plan we want and lower our total out-of-pocket
costs even though the premiums still gonna justify fhd it just to me this makes so much sense and I
just gain that most people don't hear about it because most agents don't want to sell because
there's very little money to be made on selling at fhd obviously agents get paid on premium they
get a percentage of the premium so they'd rather you have a two hundred seven dollar premium than
a fifty eight dollar premium but I'm happy to do this and I have hundreds of clients on fhd
right now super happy understanding completely and just why spend more money than you should
especially in these three states where we have year-round open enrollment with no restrictions
no holdbacks whatsoever so I hope you found this helpful and I'd love to help you with this it's
super easy to do I have a site that makes it easy to compare the price if you go to Medicare
price check com it's my site you just put in your information we will send you the radon fhd so you
can see it and if you're in that zip code in New York it's gonna be 58 dollars a month and again
I think in New York it goes as high as 69 dollars a month that might be the highest dependent upon
what zip code you're in but again it's all relative to the other stuff so you're gonna
save thousands literally thousands of dollars a year on your medicare supplement plan by making
the right choice so I'm happy to do this for you visit Medicare price check comm we'll take care
of everything it's super easy to do again it's automatic all we got to do is an application you
get approved and you cancel your other one it's all the simple easy to do you'll lower your price
by just a tremendous amount so I hope you found this helpful and I hope you have a fantastic day