is medicare supplement plan g the best supplement to get when you come into medicare it's a good
question and i'm going to go over that right now i'm keith arnbrecht founder of medicare on video
and i help people across the country make the right medicare choices i can absolutely
help you as well i'll tell you exactly what i think about it and i'll show you the differences
in plans as we go along right now we're going to talk about medicare supplement plan g and if you
stay with me till the end of the video i'll show you how to download my book medicare made clear
put a lot of time and effort into this book and i cover every piece of medicare
i also have videos in the book i have the links where you sign up and everything that you need
going forward with medicare so i'll show you at the end how to download it for free right now
when you first come into medicare you've got a big choice to make right off the bat do you go
medicare advantage or do you go original medicare with a medicare supplement plan if you watch any
of my other videos i'm not a big fan of medicare advantage i've got a video right here that shows
why i would not personally choose a medicare advantage plan you might find that helpful as well
but if you choose to stay in original medicare with a and b you're likely going to get a medicare
supplement plan to cover the parts that a and b do not so is plan g the right plan in a lot
of cases absolutely so when we break down plan g in the old days kind of the cadillac of medicare
supplement plans was medicare supplement plan f and the reason it was considered the cadillac
it covered literally everything a hundred percent of everything you had no out of pocket
on your medical expenses once you came into medicare if you had medicare supplement plan f
now that's generally not a good way for insurance to work to not have any deductible whatsoever
it causes over utilization things like that so what the government did in 2020 is they got rid of
plan f so if you turn 65 after 2020 you no longer can choose that it really wasn't the best value
regardless it was just sold to people because number one it paid a lot of money to an agent
selling it and it was easy to explain because it covered 100 of everything so now we've eliminated
plan f and we really only have two other real options right now plan g and planet so we're going
to talk about plan g specifically and if you like to look at things as opposed to watching a video
i have a page on my website dedicated specifically to medicare supplement plan g you can find that
right up here as well if you want to come back you can click on that i'll take you right to the page
and what the difference is with plan g then plan f not a whole lot if you put plan g right
up alongside of plan f they are exactly the same with one small exception plan g does not cover the
medicare part b deductible so that's 233 dollars right now for the year so if you have plan g
your maximum out of pocket on medical expenses for the year would be 233 dollars and then it's going
to pay 100 after that so pretty close to plan f plan f covered everything plan g covers everything
with the exception of that 233 deductible so it is a great value from a benefit standpoint
now when it makes the most sense is also when the premium is where it should be in a lot of states
they kind of differ between state to state some are more expensive some are not more expensive
but we can generally get a plan g in a lot of states anywhere from 100 to 125 a month so not
a big out-of-pocket expense on the premium side and again it's going to limit your out-of-pocket
expenses going forward so with plan g and original medicare you go to any doctor any hospital
anywhere in the country you don't have to ask for permission you can simply make an appointment if
they take medicare they absolutely have to take your medicare supplement regardless whether it's a
g or an n or an f or whatever it may be there's no choice so the doctor doesn't make a choice
on whether they accept one or the other so pretty simple to do now when it doesn't make sense to get
plan g is if you're in a state where the prices are higher and some states give you more rights
and more rights means higher costs because the insurance company has to do things that they
generally wouldn't do like medical underwriting some states don't allow medical underwriting if
you're going to change from one to the other so it raises prices on medicare supplements if you
are in a state particularly like new york or connecticut or vermont where they do have some
of these stricter policies you're going to want to look at a ghd which is a high deductible g
and the only reason we would want a ghd in the hd stands for high deductible right now it's
about twenty four hundred dollars for the year so instead of that two thirty three it
goes to twenty four hundred which is big and why would we want that on our plan g
only because it's going to bring the premium down significantly sometimes more than the 2400
that you're going to have in deductibles so it makes a lot of sense we just have to explore
it if you're in one of the states where the prices are high so we maximize our value now
in relation to plan n plan n is also very similar it just has a few more out of pocket expenses i
also have a video on that right up here that you can watch specific to plan in as well
but it depends on cost if n is more than 25 dollars less than g probably makes a good
sense to strongly consider in and you can watch in the end video exactly how the benefit works
for plan n but right now plan g fantastic for a lot of folks right now we're probably running
about 50 50 50 plan g 50 plan n so it all depends on making sure we get the right value for what
we're spending in our medicare journey but number one we want original medicare with a and b we want
a supplement that's going to cover pretty much all of our out-of-pocket expenses gives us ability to
make our own choices we have our own flexibility we can go to any doctor any hospital anywhere in
the country don't have to worry about asking for permissions or referrals or pre-authorizations
things like that which are crazy on the medicare advantage side so i hope you found this helpful
and i'm going to put out the video on plan n very shortly hope you find that helpful as well have a
fantastic day thank you for taking the time to watch my video i hope you found it very helpful
here are a couple other things that you'll also find helpful as you go through medicare
the first one is a copy of my book medicare made clear you can download it right now for free
i put a lot of time and effort into this book and you'll see i covered just about
every piece of medicare and i've written it in a way that makes it pretty easy to understand
now i also have videos throughout the book so if you don't want to read through all the information
click on the video and i'll explain it all to you right there you'll also find all the links
that you need to either sign up for medicare or things that you're going to need now or in the
future when things come up related to medicare so take just a minute go to medicare on video dot com
forward slash free book and you can download it right now now also make sure once you're in
medicare that every year you come back and visit medicare price check this is my other website
where i make it super easy for us to compare our current coverage against new plans that
may be less expensive and remember that medicare supplements are standardized so it doesn't matter
which insurance company we use we'll still have the same plan g or the plan n that we have now but
hopefully we can get it at a lower price so visit medicarepricecheck.com real easy we'll email you
the quote if it makes sense then we'll do it from there so hope you found all this helpful have a
fantastic day hey don't go anywhere these are some of my most recent videos right here you can also
find the link right below this video to download my book medicare made clear absolutely free you
can also subscribe to my channel right here so please download to the channel have a great day