Medicare NY, Medicare CT, Medicare supplement Plans in NY, Medicare supplement Plans CT.
If you're a resident of either New York State or Connecticut and you are researching your Medicare options, this video is for you.
Medicare in New York in Medicare in Connecticut are different than the rest of the country. Or, more specifically the residents of
New York and Connecticut have specific state laws that provide them Medicare rights and privileges not given to anyone else in the
country. Hi, I am Matthew Claassen with MedigapSeminars.org and in this video I'm going to go over the
special rules and privileges that residents of New York in Connecticut have that are not provided to anyone else in the country.
These special rights and privileges means that you should approach Medicare with a completely different strategy than those used or
professed for any other state. These state Medicare rules bring with them good news and bad news.
But, more importantly, it means you need to approach Medicare completely differently than those in other states.
I'm gonna show you the strategy that you need to use in order to minimize your Medicare cost and maximizer Medicare benefits
if you live in New York or Connecticut. Coming up!
Medicare Supplement Plans NY, Medicare supplement Plans CT, Independent Medicare insurance broker. Medicare NY, Medicare CT.
Before we get into today's video; whether you're researching Medicare for the first time or
you had Medicare for while and you just have questions,
you'll find the answers on my website
video library that you can use to research Medicare, along with numerous articles
that can take you from, from A to Z. From how to enroll in Medicare to the different types of plans; the benefits, the pros and cons
Everything you need to know to make an informed decision.
Or you can also subscribe to my YouTube channel. Just press the subscribe button down below,
and after this video and you can be taken to all of videos that I have posted on YouTube.
Again, laid out in an easy to follow format so that you can research Medicare
at your leisure, for free. So visit my web site,
below so that you can be taken, after this video, to the videos that you need so you can make an informed decision on your Medicare.
So let's get started on the Medicare strategies for New York and Connecticut.
Now, as I mentioned earlier the Medicare in New York in Connecticut come with good news and bad news. The bad news is that
Medicare supplements can cost twice as much in New York State in Connecticut than in any other state in the country. Well, most states.
The good news is the reason that they are so expensive is they come with the rights and privileges offered nowhere else.
If you been researching Medicare already then you probably already know that in order to get the most out of your Medicare benefits
you need to stay with the
Medicare A & B you can add to it with a Medicare supplement plan.
If you're not already familiar with Medicare parts A & B don't worry this video is still for you. But if you subscribe to my channel below
and go to my channel, you'll find some videos on Medicare Parts A & B and all you need to know.
Medicare Advantage Plan are those Medicare HMOs or PPOs that only offer local coverage.
You will have to stay within a local network. Which means if you are a snowbird or RVr
and you like to travel the country all, it should automatically roll out Medicare Advantage plans.
But they also change every year, and you give up your Medicare rights too a private insurance company.
I'm not saying that Medicare Advantage Plana are bad, but I am saying that they are
only the the right option for very small percentage of people on Medicare.
More importantly, because of the special rights that you have in New York or Connecticut
it should really will rule out Medicare Advantage Plan completely.
Medicare supplement plans are national coverage.
You can see any doctor, go to any hospital anywhere in the country as long as they accept Medicare.
Which is pretty much all of them! This means if you are a snowbird or RV'er or you just travel a lot you can see any doctor
anywhere you are within the country. You don't have to worry about a network, you don't have to worry about asking permission
or getting approval see a different doctor.
You have complete freedom with a Medicare supplement plan.
If you get sick and you find that your best care is with Sloan Kettering or MD Andersen or Mayo Clinic
you can go to any of those facilities
with complete confidence that your Medicare will go with you and cover
just as you expect it to. Now there are a lot of states that have specific rules only for their residents.
However only in the New York and Connecticut can you getting Medicare supplement plan at any time! Not just your in your
Medicare initial enrollment period or your Medicare supplement initial enrollment period.
At any time.
and that the insurance company can never ask you a medical question. You're guaranteed to get the plan that you apply for
without health questions. That's a big deal! The insurance company cannot deny you coverage.
They can't charge you more because of your medical history.
They simply have to give you the Medicare supplement plan that you apply for at the same price as they would for anybody else.
In most other states that's not the case.
In most of the state's you have a six month period from when you start Medicare Part B
where you can get a Medicare supplement plan without health questions.
After the six month period you'll have health questions and you have to qualify. If you have a significant health history
you could be denied your rated; charged a higher price. So for residents of most states if your
health history includes things like a recent heart attack, cancer, stroke or Alzheimer's or Parkinson's,
problems with diabetes or other significant events, then you may not have the freedom to move to another Medicare Supplement plan
should you need to. Whether you want to get more coverage are just lower your cost. in most states. That means that in most states when
you approach the decision on which Medicare supplement is right for you
it's a very careful decision. You want to make sure the first time that you get the right plan and the right insurance company.
Because you never know when something can happen that can reduce your ability to move to a new plan. So you have a six month period.
It's not a difficult thing, but you only have that six month period.
On the other hand if you're a resident of New York or a resident Connecticut
you can go for the lowest cost Medicare supplement possible and if something
happens and you're going to have higher medical expenses you can immediately convert
to the most comprehensive plan available. You can be on your death bed and change your Medicare supplement as you see fit.
This means that you have the ability to incorporate an entirely different strategy with your Medicare supplement that can lower your
cost to even better than most other states . That is what we are going to cover next.
First here's what you don't do. Don't try to get the most comprehensive coverage that you can possibly afford. I will explain in a second.
Second, don't worry about Medicare Plan F being discontinued or phased out in 2020.
That is something that people who can get stuck in a plan need to concern themselves with.
That's not the case if you're a resident of New York or Connecticut. Your state laws have made sure
that you can't get stuck in a plan. So this is what your strategy should be.....
Start with the lowest cost Medicare supplement plan available to you. This will typically be a plan where you're limiting your
maximum out-of-pocket expense so that no matter what happens; a surprises event
certainly something unplanned for. Your medical bills, your Medicare bills will never be
more than the limit that you expect or they won't be out of hand. They won't be unmanageable. You will find the cost of this
makes a lot of sense. Then it if there is a point where you're facing higher medical bills, switch to higher coverage.
Maybe you'll switch to hirer coverage for a long period of time, maybe for short period of time. It doesn't matter.
If it gets to a point where you're better and those bills are behind you,
you can always switch back to that lower cost coverage. So here's what I would do;
the Medicare supplement plan with the lowest cost is typically your Medicare supplement Plan F -High Deductible.
That Plan F -High Deductible is available to anyone who starts in Medicare before January of 2020.
After January 2020 the Plan F -High Deductible will be replaced with a Plan G - High Deductible.
Exact same benefits, just a different name.
You don't have to worry that Medicare Supplement Plan F is being discontinued. It doesn't matter to you if
Plan F or Plan F - high deductible is being discontinued because if that's a problem, which I don't suspect it will be. But if it is
then you can switch to a Plan G- High Deductible. You can do any switching you want no matter what your health history is.
You should know is that all the Medicare supplement plans in both New York and Connecticut
are priced as
where the price is the same regardless of whether you're a 65 or 85 or 70
It doesn't matter. No matter what your age is you're going to pay the same price. This pricing structure helps you take advantage of the
special rights your state gives you. It means that when you switch plans you don't lose a benefit.
You're not applying at an older age and therefore paying a higher price.
It doesn't matter where age you are with a Community Rated plan. Your Medicare supplement plans in New York and your
Medicare supplement plans in Connecticut are priced higher than most other states.
For example; a Medicare supplement Plan F or a Medicare supplement Plan G
can cost you between $2400 and $3600 a year. Now compare this to a Medicare supplement Plan that is a high deductible like the
Medicare Plan F -High Deductible. With a Plan F -High Deductible or Plan G - High Deductible later on,
you can lower your insurance costs to just $600 to $800 dollars a year. The Medicare supplement Plan F High Deductible is the
Medicare supplement plan F on this table with the asterisk. It's exactly like the regular Medicare supplement plan F except you pay
the deductible before your Medicare supplement plan kicks in.
You get 100% insurance coverage after you pay the Medicare supplement deductible.
Another way to look at it is that the Medicare supplement deductible is your maximum annual out of pocket cost. Now this is important-
You pay your deductible before your Medicare supplement plan kicks in, not before Medicare kicks in.
Medicare still pays its portion before your supplement.
So the choice is yours if you're in New York or Connecticut and you
decide to go with the regular Medicare supplement plan F or a Plan G
you're going to pay over $2000 a year, probably over $3000 a year
for your Medicare supplement plan whether you need it or not.
For most people you won't even have $2,000 or$3,000 a year in medical bills.
Or you can go with a Medicare supplement Plan F -High Deductible
and pay between $700 or $800 dollars a year, maybe a little bit less, and know that even in the worst case scenario
your maximum out of pocket expense is probably only going to be
equal to or close to the premiums that you would have if you have a Medicare supplement Plan F or a Plan G.
I've done a couple of very detailed videos on the Medicare supplement Plan F -High Deductible.
and you find one of them linked above or below. Or the easy way is if you press to
go to my YouTube channel and look for the Plan F -High Deductible videos
and you'll be able to find them easily. Watch them there so that you understand this plan. The more you understand this plan, the more
you're going to see the value in it and be able to understand the strategy
that you have as a resident of New York or a resident of Connecticut, that will save you money.
Now I want to add one more very important piece of information.
While the benefits of all the high deductible plans are exactly the same, right now it's the Plan F -High Deductible
2020 and beyond there will be a Plan G high deductible.
The benefits, no matter which insurance company that you use, are exactly the same. But the costs are not.
Some insurance companies will charge twice as much for a high deductible plan as your best priced company.
Exact same benefits, exact same plan.
All very high quality companies. If you would like to find out the prices and get a quote comparison for the
Medicare supplement Plan F -High Deductible in your area let me know. I'm happy to help.
If you not aware, my services are free to you. I am paid by whichever insurance company that you choose to work with. So as a resident of
either New York or Connecticut, you can use a different strategy for your Medicare supplement that anyone else in the country.
It's a different strategy, but it's a very simple strategy.
Go with the lowest cost Medicare supplement plan that is available to you.
You have all the benefits of a Medicare supplement plan you can go to any doctor,
any hospital, anywhere in the country. You have complete freedom.
Your Medicare supplement insurance does what insurance is supposed to do, it limits your maximum annual out of pocket costs
and makes certain that no matter what happens to you medically, it's not a financial disaster.
Then if you ever believe that you're gonna be facing some very significant costs and you wish
to change to a plan that has higher benefits, you can do so.
And you can switch back after words if you choose. And at no time and can the insurance company ask you medical questions.
That is such a big deal. If you're resident of New York state or Connecticut you can get the Medicare supplement plan that you
want, when you want, with no medical questions. I hope you found this information helpful if you have please press the
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need to make an informed decision about your Medicare.
Now it's your Turn! I make these videos for you.
Please leave me a comment below. Let me know what it is that you like about this video.
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Put it down below. And if you have a question that it's not personal type it below. I make an effort to answer every
question as best I can. I'm really interested in what you have to say so please leave me a comment.
I am Matthew Claassen with
An independent Medicare insurance broker. Medicare NY, Medicare supplement plans NY, Medicare CT, Medicare supplement plans CT.