Well, if you're new to Medicare and just turning 65, or maybe you are just
retiring, and you decided to call it quits, enter the world of retirement,
but you know you need great insurance still.
And that insurance comes in the form of Medicare, welcome aboard.
But you're also probably looking at Medicare Supplement Insurance to add
into that to make sure you've got all your coverage.
Well, you might be asking, what does Medicare Part G covers?
Because a lot of people have been writing me and saying, "Russell, what is
a cover? I hear it's the best."
Well, it's actually a plan, not a part of Medicare. But I'll cover that.
And I'll go over what it covers, how to get it, and how to not pay too much for
it.
My name is Russell Noga. I'm the founder of Medisupps.com.
We are an online insurance agency, helping seniors across the country, get
the best Medicare Supplement Insurance for the lowest premiums.
We're licensed about 47 states, so chances are wherever you're watching me
from today, welcome, and we can probably help you as well.
Now, let me first start with the basics of Medicare.
And I promise I'll go quick.
If you've watched any of my other videos, and I highly recommend that you
do, like and subscribe to our channel and that will get you updates.
I like to keep things simple.
When it comes to Medicare, it doesn't have to be confusing as those big stacks
of books you're getting in the mail.
You don't need to read through all that. It's a good idea to read it.
God bless if you can read every page of it.
However, I like to make things easy, and I'm going to in this video.
So I'll begin with the basics of Medicare because I wanted define what is
a part of Medicare and then what is a plan letter.
It's alphabet soup. They use letters for everything.
However, keep watching. I'll make it simple.
Now, there are two parts of Medicare that are your core benefits.
These are called Original Medicare Parts.
They are Medicare Part A, which covers hospitalization and Medicare Part B,
which covers doctor services.
There's also a Medicare Part D which is a drug plan that you can add to that.
Now, what is a Medigap plan?
Well, those are parts of Medicare.
You then have Medigap Plans, which are also called Medicare Supplement Plans.
It's the same thing if you hear either term; you know what they're talking
about.
Medicare Part A and B, remember, hospital and doctor services, have what
are called gaps in them.
This means that there are expenses or items that those don't cover and you are
responsible for paying.
These expenses include things like deductibles, co-pays and co-insurance.
Well, a Medigap Plan, or again, Medicare Supplement Plan.
We'll call it Medigap Plan to make it easy.
A Medigap Plan helps pay most of those gaps for you.
Depending on which plan letter you get.
The one we're talking about today is called a Plan G.
Now, it's really easy to say Part G. I understand. I know what you're talking
about if you do.
However, there are those parts of Medicare, Part A and B specifically.
And then there are plans, and that goes for Medicare Supplement Plans or Medigap
Plans, which are also lettered.
So we'll talk about Plan G now, now that you know what it does.
And it's called a Medigap because it picks up some of those gaps, or all of
them, or most of them in the case of Plan G.
So let me go over the coverage of Plan G so you know exactly what you're getting.
So we know that Medicare Part A and B have those gaps.
Now one of those gaps is called the Medicare Part B deductible.
Medicare Part B pays 80% of your medical bills.
And that is all outpatient, every time you go to the doctor, that falls under
Medicare Part B.
Well, the Medicare Part B deductible you are required to pay prior to Medicare
paying anything.
They don't even start paying until you pay the deductible.
That deductible, we are sitting in 2020, the amount is $198.
Now, that's a once per year deductible, and it resets every January.
So when you pay it, let's say in June or July, it's paid till the end of the
year. You're done.
You pay it once, and you're done.
So the Medicare Part B deductible is $198 in 2020.
And that will go up slightly in 2021, maybe $210 or $215.
We never know until the end of the year. They don't tell us.
However, the rules will remain the same with Plan G.
You asked, what does Medicare Part G cover or Plan G. in this case?
It covers everything except that small deductible.
Now you might be saying, "Russell, that sounds amazing. That's a pretty good
deal."
It really is. It's fantastic coverage.
Can you imagine with Medicare and a Medigap Plan, you can visit any doctor
specialist or hospital anywhere in the country as long as they take Medicare.
There is no network with these plans.
And with Plan G, we know you simply have to pay the Part B deductible for
Medicare yourself.
What does that mean simply?
Well, in 2020, the first $198 of your medical bills, you pay.
After that, if you have a Plan G, Medicare and Plan G pick up the
difference, 100% all of your medical claims, your Medicare approved expenses,
up to no limit for the rest of the year.
That's amazing.
Same thing will happen in 2021.
It doesn't matter what the deductible amount will be.
You simply write the check for that amount if you have a Plan G,
then Medicare in the Plan G will pick up the rest for the rest of the year up to
no limit.
Fantastic coverage.
Now, it's about this point in the video where people start saying, "Wow, it
sounds a little too good to be true. And if it is true, how much does that cost?"
Well, it's not nearly as much as Plan F was.
And if you are watching this and you kept your Plan F, you might be saying,
"Hey, maybe I am interested in Plan G."
Well, I suggest you should be because you will save a great deal of money.
Now for your folks turning 65 or just coming on a Medicare, you may have read
about Plan F or heard about it.
Plan F went away for new people like yourself on January 7 of 2020.
Medicare said that it's too expensive. We're not going to offer it anymore.
If you still have a Plan F and you are watching this, by all means, let us help
out and check the rates for Plan G.
Plan F pays that deductible for you.
And remember, in 2020, it's $198.
Guess what? You're probably paying 3 or 400 dollars to get a 198 benefit in
extra premiums just to have a Plan F.
So if I asked you, "Hey, Mr. Mrs. Client, I'm going to give you 200 bucks
but you need to give 400 back to me."
You would never do it, it's not a good deal.
So that is why I highly suggest you allow us to shop the rates for Plan G,
and in your area.
Every company's got different premiums, but they all have the same Plan G.
So let us shop the rates in your area and see how much it costs for you.
As well if you're turning 65 just coming on to Medicare, Plan G is the most
popular plan for a great reason.
One small out of pocket expense, the Part B deductible, then 100% coverage.
So I hope that helps explain what that is.
To get instant rates, you can either visit Medisupps.com, I actually show
rates on the website.
I'm very proud of that.
I'm probably one of the few people out there that even does that.
Because I want to earn your trust, I want to show you the rates and let you
know we are here to help.
We're an independent agency at Medisupps.com , which means we offer the
same thing as if you went direct to the carrier,
except we shop all of the companies for you get you the lowest premiums.
There's never a cost for our service.
So give us a call today at 1-888-891-0229.
For the easiest way to get quotes in about five minutes, we'll tell you how
much it cost.
Enrollment takes about 10 minutes. It's so easy, everything's electronic.
And then we shop the rates every year when you get a rate increase.
I'm Russell Noga with Medisupps.com. I really appreciate you watching, learning
about Plan G.
We look forward to speaking with you soon