we're going to talk about the best medicare supplement plan for 2022 also known as the best
medigap plan so if you're new to medicare first thing to understand is medicare supplement and
medigap is exactly the same thing just two names for the same product but we're going to go through
what i think is the best medicare supplement plan for 2022. and if you happen to be new here
i'm keith armbrick founder of medicare on video and i help people across the country
make the right medicare choices and i can absolutely help you as well as you can see i've
been doing this for a while so this is my video back in 2015 where i'm talking about the best
choices in medicare and since then i've helped well over 4 000 people make the right medicare
choice and i can absolutely help you as well one of the best parts of my job and what i do is once
we get into medicare i don't get any customer service calls so it's kind of crazy to have that
many clients and literally if i get one or two a month it's a lot and the reason for that is
we make the right choices going into medicare and that's exactly what we want to do is make
sure you get it right from the beginning and then everything works as well as it should so
that's what i'll do is i'll tell you exactly what i think is the best way to go and i won't tell you
anything different than that so if you don't agree with me that might be okay but i probably won't be
the one to help you i tell you exactly with years of experience exactly what i think you should do
and chances are you're going to find that that's the right way to go so hopefully that'll make
you comfortable with your choice and that way going into medicare and obviously it's a big
decision because it's going to be with you the rest of your life so we want to make sure
that we get it right so join the other 4 000 plus happy customers and we'll make sure we put you on
the right path into medicare so let's get into the medicare supplement choices up but first
a gift for you download my book medicare made clear i spent a lot of time
and effort on this book i give it away for free so that you have everything that you need
and you can see i covered just about every piece of medicare in the book i also have videos
throughout the book where i explain everything to you so you don't have to read through all the
information it's just very helpful but not only now but in the future so visit medicareonvideo.com
forward slash free book you can download it right now and it's yours to keep going for us i hope you
find that very helpful jumping right into medicare supplement plans so if you come into medicare
and you stay on original medicare part a part b which i absolutely 100 percent recommend
it's going to make you happy down the road then you'll likely get a medicare supplement plan that
covers what a and b do not so that's important to understand a and b are pretty good coverage but
there are some holes and then the biggest problem with b and i've got videos explained in a and b
but that there's no stop so there's a 20 coinsurance that has no limit to it we
don't want that we want to make sure that we have very low out of pocket and we do
it in a way that protects everything that we have going forward so that's why we need a medicare
supplement plan so when you look at the choices for medicare supplements and you're going to find
it's crazy they make this as complicated as they possibly can to confuse us so we don't
know what to do so you can see here on the chart there's actually 12 choices you can see 11 here
there's actually 12 choices of medicare supplement plans they run through the alphabet in names some
letters are missing some used to be there they're already there anymore but anyway it's it's really
unnecessary information we're gonna break it down to really three plans those are the three
that you need to understand you really only need two now but the three that are the ones that are
important or plan f plan g and plan n now there's some sub plans that are also important fhd or
ghd in certain states i get into that in some specific videos so again we want to make sure
we get exactly what you should have where you are located so that's what we're going to do
right now so we're going to go through these plans so you understand them and then it makes it easy
to make your choice and again i'll tell you exactly what i think you should do so
when you look at plan f plan f used to be the number one plan so it's kind of the
cadillac the gold standard of medicare supplement plans and really the reason
that it was number one it had 100 coverage so in other words you had zero out of pocket through
the year so that's terrific in most cases or that sounds terrific the problem is the premium so if
you go with a plan that pays 100 of everything the premium is obviously going to be higher but the
reason that most people in the past were on plan f and i can guarantee if you talk to anybody that's
five years or sooner or older in medicare you're going to find the likelihood that they're on plan
f and the reason is agents love to sell it because it's so easy to sell there's no out of pocket
covers 100 of everything and guess what also pays a big commission to that agent so there's a
couple different reasons that it has been the the standard bearer of medicare supplement plans but
no longer so congress a couple years ago made it so that plan f is no longer available
if you're just now coming into medicare but that's okay because i can promise you even before that
of the thousands that i have if i had two people on play enough that was a lot because it doesn't
provide the best value so it's easy to sell but it doesn't provide the best value the next
plan which is now kind of the standard bearer of medicare supplement plans is medicare plan g and
if you've watched videos and you know you'll find all sorts of experts out there trying to tell you
what you should do or shouldn't do but plan g is terrific so it is exactly the same as plan f
except it has a little deductible and i can tell you it is a little deductible right now
they've come out with the numbers for 2022 the estimated increases that they're going to have
in premiums and things like that plan g right now is looking like it's going to have a 217 dollar
annual deductible and then that's it then it pays 100 of everything after that so in
the worst year if you get hit by a bus and you're on plan g you're going to be out of pocket 217
medicare is going to pay the rest of your medical expenses and then each january it's
going to reset so you're going to be on the hook for another 217 dollars i can guarantee
you whatever health insurance you're on right now you have a much higher than 217 dollar deductible
so fantastic plan and again as long as the premium lines up and it does you know in most cases i want
to say a lot of cases but most cases most areas of the country plan g is the best value but sometimes
it's higher in price and there's not really a great explanation
for why it's higher in price but and i'll tell you what i think the difference should be
but if it happens to come out that way then we're going to look at plan n so plan n is the third of
those three choices also terrific coverage with very low out of pocket but also a lower premium
so it doesn't cost as much per month on a premium basis and when we talk about premiums understand
g or n whichever plan it is our aim is to get somewhere near 100 a month for your supplement
now if we can get it to g that's great if it happens to be n that's okay too but that's a kind
of the goal it's going to be somewhere between 90 and 120 a month depending upon what part of
the country you're in but if n shows up as the better value so n is the exact same as g which
is exact same as f g has that little deductible of 217 and also has that little deductible of 217
and in addition to the deductible has a co-pay when you go to the doctor it's going to cost you
20 copay so that's not too big a deal if we're saving enough on premium to make up for whatever
that copay might cost over the year it also has a 50 copay when you go to the emergency room
which again pretty rare in happening and if our premium is low enough it's okay to have a 50 copay
if we have to go to the emergency room now where n gets a little bit in the gray area is right now
n does not cover what's considered excess charges and i have a whole video on excess charges
but the long and the short of it is is when you go to the doctor there's two types of contracts they
can have they can either take medicare assignment or not or they just accept medicare so if they
take medicare assignment then they agree to take what medicare is going to pay them as
payment in full if they don't take assignment then they have the ability to bill you 15 above
what medicare pays them which again it sounds worse than it really is number one super rare
to ever run into it number two if you do it's not a big number so let's say you went to the doctor
and it were a hundred dollar office charge which is not going to be that under medicare
medicare has some pretty low reimbursement rates you'd have to pay 15 or 15 bucks higher
than what medicare is paying if in fact that were the case with a doctor that did not take medicare
assignment but statistics show that somewhere around 92 take medicare assignment so pretty rare
to run into that so when you have your choices your breakdowns you have plan f which if you're
just coming to medicare is not available anymore anyway plan g 217 out of pocket for the year
i mean crazy low out of pocket for the year which is why i don't ever get any phone calls
on customer service because they go to the doctor they go to the hospital it's paid for there's no
gray area or complication or approvals with a medicare supplement plan on original medicare
you go to any doctor any hospital anywhere in the country that takes medicare give them your
cards and that's exactly what's going to happen is it does exactly what it's supposed to do
plan n that same 217 deductible 20 copay if you go to the doctor 50 copay if you go to the emergency
room and then we just need to understand excess charges so that we can be educated
and maybe ask the office staff do you take medicare assignment but we can walk all through
that with you so give me a call send me an email we'll make sure that you get exactly what is the
right choice in your zip code and then we have the ghd and fhd which i talked about before so
the hd stands for high deductible so it has a much higher deductible right now it's 2 370 a year
a whole lot more than that 217 but the premium on these plans can be significantly less and
in certain states like new york and connecticut and vermont and there are a couple other states
where premiums for g m are significantly higher than the rest of the country because of some
of the additional benefits or rights that those states give you it makes the premiums go higher
but it also brings in this option where you might save two thousand dollars a year in premium
to take on a twenty three hundred dollar deductible that makes a lot of sense when
that's the case so but again just takes a walk through so we need to really personalize it to you
so that we understand and make sure you understand exactly what you have and if it's the right choice
that's the way to go so that is my goal put you in the right place going into medicare
and you won't have any problems going forward the only time we'll be talking to each other is when
we're going to do a review to see if we can save you more money on your medicare supplement plan
year after year and i have another website called medicare price check where we do that make it easy
for you to just compare it every year to see if we can lower the cost of the medicare supplement
that you already have so that gives you a pretty good overview of medicare supplements in 2022
also called medi gap plans in 2022 and again this is what we do all day every day you can be one of
the 4 000 happy customers that just have it go the way it's supposed to go so hope you found all this
helpful hope you download my book please subscribe to my channel make sure you get updates to the
videos as they come out and i hope you 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
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so please download my book watch some videos subscribe to the channel have a great day