America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

I am paying $215 a month for my UHC plan G gap plan. (I also have Medicare parts A&B n B. And the terrible rx plan D. Is it too late for me to change companies for the same plan but less premium?

If you are basicly healthy Medicare Advantage is the way to go. Max out of picket is 5500 with no premium. I have saved the out of pocket with no premium many times over in last ten years. My long term care insurance is where my premium saving money goes. There is a reason why 50% of people pick Medicare Advantage

I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor..

Due to increasing premiums, I moved to Plan G High Deductible. The premiums in New York are getting ridiculous. I was in Plan N. That premium went up substantially. Remember you still have Medicare paying 80% so you are not totally self insured. Medicare still pays 80%.Maximum out of pocket 2800. In New York, are no prequalified to go from Advantage to Medigap.

Is Transamerica a good medigap company? I have Plan N with AARP/UHC. The price increased nearly $40 for 2025, while Transamerica is charging quite a bit less. Should I change, or is it better to stay with a large stable company like UHC?

Going on Medicare first time later this year -- turning 65 in December -- so I did my research on KZbin (like watching this video) and after a Zoom meeting with my local Medicare broker, decided that a Plan N is best for me because I do NOT see a doctor more than 2-3 times a year (well, I see 7 doctors, but each one is 2-3 times/year). Shopped around for the Rx Plan D and found one that covers all my 9 medications (except one) and lowest price for under $5/month!!! As I get older, I could switch to a Plan G, but probably will stay with Plan N as I don't want to go to Medical Underwriting if my health deteriorates!!!

I love how “Covid” continues to be an excuse for all the country’s woes….🙄

LOL I love the way you downplay the significance of medical underwriting. Only a handful of states have year-round GI rights or an annual MedSupp enrollment period (the Birthday Rule & Policy Anniversary states). MedSupp medical underwriting is brutal; they're as strict as the toughest underwritten Whole Life insurance plans. On the plus side, with so many Medicare Advantage plans exiting at the end of this year, a lot of MA members are going to get a rare opportunity to switch on a GI basis to any MedSupp on Jan 1. From an agent's perspective, it's too bad that MedSupps tend to pay very low commissions on GI enrollments though.

You do not mention having to go through underwriting if you switch.i live in Texas and Texas does not allow you to changeithout going through underwriting.

How about HDG?

I am keeping my plan F. Although I have yet to see excess charges from any of my doctors, my fear that the practice is going to become more and more common as doctors cannot survive on the diminishing Medicare reimbursement rates.

No link below

Soooo, what happens when one can no longer AFFORD Medigap? All another link in the the New World Order plan.

What company was that? Probably someone never heard of. And then next year whammo ,,you get sick and then you’re stuck. 😩😩😩

Yeah, everything is COVID and Trump's fault! Nothing but an excuse to rip people off and run the country into the ground!!!

Wonderful great clear & crisp informative video. You explained thoroughly & precisely very important information people need to pay attention to. Thank you.

Thank you. I was given the lovely news that Aetna advantage plan is being dropped this year. I’ve only been on it two years. This whole thing created by our government is insane and out of control . It should never be this complicated for seniors to figure out what kind of insurance to be put on yearly! It didn’t used to be this way. I’m glad it’s an election year and God forbid if we have four more years of what we’ve had to put up with. They claim to give everyone a tiny increase in their Social Security when and turn you’re going to have to pay more out-of-pocket to the insurance plans here. Bait and switch. 🎉 I have never had peace of mind since I retired on this stuff. I am thankful I have good health. That’s all I’ve got to say thank you .

Medigap is nothing more than insurance companies grift off the government, mainly United Healthcare!!!

But to switch to another Medigap plan you will have to undergo medical underwriting (except in a half dozen or so states). If you have a chronic illness or maybe any medical condition you will be denied. Don’t get your hopes up! My G went up 11% to 200.00. I would consider going to N, but with a history of treated prostate cancer 9 years ago (with continued normal PSA levels) and well managed hypertension, hyperuricemia (with a renal calculus treated surgically 7 yrs ago) and hypercholesterolemia (with medication level is 120) I am sure I would “not pass” (age 76). For 2025 my D plan premium remains the same as in 2024 - 0 (zero) $. Wellcare ValueScript.

Personally, for me, I would only go with plan ‘N’ if I lived in one of the very few eastern states that don’t charge ‘excess charges’. I had a procedure done, and was charged plenty of excess charges…..as there were several other doctors involved….and each charged excess charges. I have a plan ‘F’, and I live in Arizona. Because I had plan’F’, I didn’t have to pay the excess charges myself….but if I had plan ‘N’, I would have cried…..especially since it was recommended that I have this procedure done every two years. How did these other states outlaw excess charges? Sure wish it was that way everywhere. I have noticed that my husband’s and my Medigap plans, increase their premiums on the first day of our birthday months.

Interesting. Contacted a broker about changing carriers, Was informed that even if I pass medical underwriting because of my age, 81, I will be denied. Age discrimination?

Do I have to buy a Medigap Plan within my zip code?

My wife and I have been on Supplement Plan N for several years, total premium $285 monthly for both of us and has not changed for several years.

My plan N stayed they same. I live in Minnesota.

It’s critical for Medicare-eligible individuals to select optimal plans to reduce the likelihood that lack of coverage would prevent smart health care utilization choices, not only for their health outcomes, but also to help keep health care spending in check.

Thank you for the tutorial. I come from a country with national healthcare and everything I hear about private companies taking over half of medicare recipients through Advantage plans sounds like the government abdicating their responsibility to the citizenry. The other roughly 45% rely, again, on private insurers to close the gaps in traditional Medicare. With the Advantage plans the companies take the Medicare allotments and try to minimize healthcare usage on the part of the members through pre approvals, limited networks of doctors who probably graduated in the lower percentile of their classes, and simply rationing healthcare. With traditional Medicare, again you have thousands of groups associated with primarily G and N plans. As participants in one these groups age, the plan becomes more expensive so the private insurance company closes the plan to new subscribers and the plan becomes so expensive that individuals are forced off the medigap plan and are now forced into Advantage plans and will hardly ever pass the bar for the required preapprovals for treatment. Again, private insurance companies are not in the business of providing insurance. By creating almost countless small pools they are maximizing shareholder value at the expense of the taxpayer with the cooperation of those in government that have worked for, are working for, or will again work for insuance companies, which include those in Congress. I do not think it is possible to overhaul the industry that accounts for upwards of four trillion dollars a year. Other than the consumer everyone is making out like bandits, including but certaily not limited to an RN. Where can you get a job with an associates degree that will pay $100,000+ after a few years experience? Again, everyone has a vested interest in keeping this bloated, inefficient system except those that need to access the sevices. Services that have much lower positive outcomes than any national healthcare system on the planet. Colombia, South America has a better distribution of healthcare and at far lower cost than the Unite States.

My plan N community' based in n.y just jumped again from 242 to 270 for 2025 ,part d scripts are even worse with 590 deductibles,it goes by zip code in n.y for plan N

Aetna's Medicare Part D plan, Silver Script, is raising their premium from $5.30 to $28.30. That's a 434% increase. All Medicare plans should not be able to raise their premium at a higher percentage rate than what the COLA is. That's only fair.

Do you have copays on hospital, xray, surgery and all other procedures with plan N, just like with an advantage plan or are the copays limited to just Dr's visits and ER?

Yeah my N went from around 86 to 90 a month. Some of my doctors charge the copay but i only go two to three times a year.

So, what happened to all of the Plan G premiums that the companies pocketed during Covid when none of these procedures were happening? To use this as rationale as to why the premiums have risen does not pass the sniff test. And, while it may be insensitive to say, even tho some payout increases occurred due to Covid hospitalizations, those that perished "with Covid" (not "due to Covid", that was the scam in the data) would not be around to incur future medical costs to the companies. By every measure, things should have washed out and no premium increases should have been needed. The Covid years with fewer such procedures would offset the current years with more such procedures.

My Plan N went from $107 to $111 a month. Only one physician charges a co-pay and only $9 a visit which I see him twice a year. So my co pay for the year is $18. Well worth the savings from the higher premiums from Plan G. I was an RN Case Manager in a hospital prior to retirement so I was well aware of Medicare options before signing up.

But, won't the new company you move to raise your rates at least once a year too?

This is NOT going to happen IF you currently have a Plan G Supplement and you have _____CANCER______

Is it true that Plan G never requires a medical precertification (‘questions’ as in this video)?

They only have to pay 20% and yet they keep hiking the rates is criminal.

I appreciate your videos so much !

📨 Compare plans and rates in your area! www.remedigap.com/medicare-supplement-quote/? 📧Enroll in the internet’s #1 Medicare Educational Course for FREE! www.remedigap.com/medicare-ecourse/? ➡ Looking for personalized assistance? Schedule a call with us today! www.remedigap.com/appointment/?

The drug reduction act is it really a reduction???,🤔,, welp it cause a great rise in part D monthly premiums 🤔🤦🏾also advantage plan insurance companies dropping some of their area coverages which affecting people they losing their insurance coverage!🤦🏾🤷🏾

This cost containment plan was not well thought out at all. How could they not anticipate that 93% on low cost meds will now pay for the 7% on high cost meds one way or another.

Thank Biden for changes that increased costs for insurers to provide Part D. Of course it is passed along to customers.

My Part D Premium for 2025, is going up 25 percent, to over 100 dollars a month, and my Deductible because of Biden, and Kamala's Inflation Reduction Act Scam, just went from a zero Deductible in 2024, to a 590 dollar Deductible, for 2025! From what I read on the Internet about the Inflation Reduction Act for Medicare, this Deductible is going to be the new Deductible, for all Seniors starting in 2025!

How drug dealing works...for the wealthy...

And if you get Part D it’s going to cost you. So either way you’re screwed.

What good is the ANOC if the plan can change my drug tier but don't tell me if they did?