Medigap F verse G.
The Battle of the heavyweight Medicare Supplement Plans.
I'm going to cover in this video, what the differences are between the two,
and why you might want to stay away from one of them.
Stick around.
My name is Russell Noga. And I'm the owner of Medisupps.com.
We're an online independent insurance agency.
And we've helped seniors for the last 11 years with their Medicare Supplement
Insurance.
I'm going to go ahead and start with Plan F,
tell you what's going on with that,
and then we'll move over to Plan G.
So, some of the latest changes in Medicare, which were very big changes
were the fact that Medicare Supplement Plan F is no longer being offered
to new beneficiaries coming on Medicare.
And what this means is, if you are eligible for Medicare on January 1 of
2020 or later,
you cannot enroll in a Medicare Supplement Plan F.
Now, there are a lot of you out there, I know,
that still have Plan F, and you love it.
And I can see the reasons why, it was 100% coverage.
And the new people might be asking, "Russell, why wouldn't I want 100%
coverage? That's fantastic."
Well, to be honest, you're paying quite a bit extra on the premiums
for a benefit that you can take care of yourself with Medicare Supplement Plan
G.
Now if you do have Plan F, I'm glad you're watching,
because I want to give a few tips that can help you out as you move through the
years.
You can still change your Medicare Supplement Plan F to a different company
and save rates on the premium.
Let us help you with that. We shop all the top companies.
And we can find a lower premium for Plan F most likely in your area.
Just give us a call for that at 1-888-891-0229.
And in just a couple minutes, we'll see if we can beat the rate on Plan F.
Now, another thing with Plan F that a lot of people are experiencing is higher
rate increases every year.
So you're going to get a year lock in with most companies on your Medicare
supplement plan.
And then each year, you'll get a rate increase letter in the mail.
It's kind of like getting the bill.
They're telling you your premium is going up X amount of dollars.
And that's where we come in.
We shop rates for our clients every year, so when they get that letter,
they know they're already taken care of. And our service is entirely free.
We do that every year for our clients.
But if you do have that Plan F, and you're dying to hang on to it,
give us a call, we'll shop the rates.
If you get me on the phone, or my best agent Diana Firth,
we've been together five years now,
we're probably going to tell you that Plan G might be a better option.
It's okay. If you want to change or not. that's entirely up to you.
I'm merely suggesting that especially going through the years now,
that Plan F is closed,
it's a closed risk pool.
We watch the rates for you to make sure you don't end up overpaying,
and give you that possibility of switching over to Plan G
which is going to be a fantastic option for you.
So as I mentioned, Plan F is 100% coverage.
Well, let's talk about Plan G and the differences,
and why I said you're overpaying for a benefit that you could take care of
yourself.
The only difference between Plan F and Plan G
is with Plan G, you still get 100% coverage.
However, that is after you simply pay the Medicare Part B Deductible yourself.
Now, Plan F does that for you.
But this is 2020.
And that deductible changes a little each year.
But the deductible for this year, the Medicare Part B Deductible.
It's not a supplement plan deductible, Medicare makes this amount.
That deductible amount is $198.
Now, Plan F pays that for you.
But if you're paying 300 extra dollars in premiums,
so they can take $198 out to pay the deductible for you.
They're keeping the rest.
So why not just pay it yourself?
With Medicare Plan G, you pay the Part B Deductible yourself.
Now, as that's broken down, it's very easy.
The first amount, whatever that deductible is, this is 2020, so it's
$198.
You get billed the first $198 of your medical bills.
And after that, Plan G pays 100%, just like Plan F,
except your premiums will be much lower and your rate increases would be lower.
So the good news is there's just about an option for everybody.
Now, to switch Medicare Supplement Plans, if you've got a Plan F,
that would just mean applying with the new company.
We help you with that.
Again, no cost for our services.
And then answering the medical questions on the application.
Now, if you give us a call now, we can tell you if we think you'll get approved
or not.
We've been doing this 11 years.
We know all the underwriting guidelines of the carriers.
Ultimately, it's up to them.
But we have a very good idea of if you'll get through or not.
So give us a call at 1-888-891-0229 if you've got a Plan F.
Or, if you'd like to hear about Plan G and what those premiums will be.
We'll see in just a couple minutes, how much money you can save.
And of course we do the same thing if you recently got a rate increase and
you've got any plan letter,
whether it's Plan G or Plan N, let us help. We can shop those rates in minutes
and find out If there's a better carrier that you should be with,
so you're not paying so much money.
This is all about savings. This is what we do for our clients.
Our first priority is to watch your pocketbook.
And then you take care of your health and it gives us options throughout the
years, so we can see how much we can save you if you do get those rate
increases.
So at Medisupps.com as always, we're here to help answer any questions you
might have.
Also, we've got the enrollment period that happens each year,
which is between October 15 and December 7.
If you're currently on a Medicare Advantage Plan, give us a call.
We'll get you set up. We can shop the rates, see what's available for you.
Then once that period comes up, we'll make the switch very easily.
So again, my name is Russell Noga with Medisupps.com.
We look forward to speaking with you
and saving you money on your Medicare Supplement Plan.
And whether it's Medigap Plan F verse Plan G,
either one, we can help