2025 Medicare Cost Comparison | Advantage vs Supplement

[@Theretirementnerds]

😊

[@muoitran2325]

😊 My husband turned 65 in October, he applied for Medicare A and B; we don’t know which insurance to choose for his supplement and drug coverage, please advise😳

[@GottaDance56]

I truly appreciate your videos. I'm 68 & still working but have Part A. I've spoken to a Medicare "coach" who explained what the differences are between a Supplement or Advantage plan for me and my specific needs. It looks like I'll be taking a HD Plan G when I retire. Luckily for me, I live in NY, so I have flexibility with moving from one type of Plan to another, which is a "benefit" for the higher premiums I'll pay.😊

[@samkeino6810]

😊Great video! You didn’t include the copayments that come with Advantage plans.

[@ambershore4244]

😊Thank you! It’s sad that we make something so difficult for folks who are in a category that need something simple to meet their basic human needs. Do you offer videos on how we can influence changes that would simplify healthcare for those in their retirement years? I’m a sandwich generation trying to help my mother navigate these choices.

[@MattThornton-og4xo]

😊 You are fantastic. I am a independent agent/broker with a large agency (so I won’t mention names) however - I follow you and other and I must say you provide a balanced approach and your information checks out. Finally, I always learn something from you. Thank you and Go Vols! I will continue to watch your channel and keep learning. Ps if I wasn’t a captured agent I would send you a resume. God bless you

[@HD-nf6vs]

😊 whew! I am a registered nurse in Georgia and trying to help my soon retiring friends and help myself in a few years! One thing I tell folks is, if you adore your medical providers now, and can’t bear to not see them, think twice before getting an advantage plan. Some huge healthcare systems are simply refusing to accept United plans of any kind, and perhaps others. Until major renegotiations take place. In the meantime that has meant 1000s of patients have had to find new care teams. Thanks for keeping up with all this. I’m a subscriber now👍🏽

[@Theretirementnerds]

Thank you so much for watching and subscribing! ☺️

[@KMaddox]

I am in NW metro Atlanta, and a very large medical system may not accept Humana Advantage Plans starting in March of next year.

[@karenkunert7217]

I LOVE this guy!!! He's very knowledgeable, open, forthright, logical, and non-judgmental! As a SHIIP volunteer, I regularly watch his videos for more detailed information on how to break down the very complex and complicated issues with Medicare to my clients! Thank you! 😀

[@Theretirementnerds]

Thank you so much for watching and your service as a SHIP volunteer!!

[@DaisyVision15016]

Erik, Thank you for the even-handed evaluation of the Medicare plans. It is a great service for you to take the time and present the information to all of us free of charge. Of course, it is a marketing venue for your agency and should afford you many referrals. Since you're generous with your time and knowledge, I hope this effort affords you all of the business you want and you and your family a comfortable living.

[@cindykee3719]

😊Thank you so much for this explanation and comparison! My mother (and father until his death) have a Medicare Supplement Plan J - which I understand no longer exists. We are all in Florida. They have had their supplement plan for a long time. And they have had very little out of pocket costs, if any, for their healthcare to the point I have been amazed at how little. Since my father's death, I am much more involved in my mother's finances and she has had breast cancer, a mastectomy, radiation treatments, physical therapy for osteopenia, a 1-week stay in the hospital where she was diagnosed with a-fib, and a brain MRI for determining a dementia diagnosis. And she has had virtually no bills to pay! Now I have a better idea why - because of your video! And because of this, I won't let her even consider an Advantage plan! On the other hand, I helped my aunt and uncle figure out how to survive on just their Soc Security income by encouraging them to find an Advantage Plan to switch to. My uncle has Alzheimer's and had let the finances go for a while - they were in a big hole financially. My aunt had no idea how long his dementia had been affecting their money, and had never been a part of it so was clueless. Part of the restructuring I did with them was to have them switch to an Advantage Plan so they could save over $550/month they were paying for the Supplement plans - money they just didn't have to spend. Even with that, and a house refi, my cousins and I rotate around sending them $100/week for groceries. My uncle said at one point that they just are living too long for what they had planned for in regards to retirement. 😂They met with an insurance agent/advisor and came up with a plan that works for them. I have worried about what that will mean if/when either of them has any major hospital stays, but so far, the biggest change was that they had to change doctors to use those in-network. It was difficult for them to make that change initially, but now they are much better off. They have been on the Advantage Plan for almost 3 years. I am not in the insurance business, I have had no training on Medicare, I am not old enough myself to be on Medicare, but my husband is. All of what I have learned about Medicare, supplements, and Advantage plans have been through his, my mother's and my aunt/uncle's experiences, so I am definitely NOT an expert! And I have long wondered why every year Advantage plans are being pushed so hard during Open Enrollment and sometimes wonder if my mother should switch at some point. But as long as she can afford the premiums of her Supplement J plan, I feel like I don't want her to give that up so she can have that flexibility of getting the best doctors she can if/when she needs more - and would be concerned that she wouldn't be able to get that level of care from an Advantage plan. I feel like that Plan J is the Golden Ticket! Thanks again, for that explanation and comparison! It really helps fill in my knowledge gaps!

[@Theretirementnerds]

Thank you so much for watching and helping your family through this!

[@LoriFitzgeraldutrealtor]

😊I’m a bit frazzled by the amount of info I’ve listened to the past week. I had chosen a new advantage plan a few days ago but now I think I’ve made that choice prematurely. Since the oep is still here can I change to a medigap plan even though I just enrolled in the advantage plan? This is not my oep. Thanks for the great video. I like your style.

[@katheyjberry]

😊 Prior to my husband's death a few years ago we signed up for the Advantage plan for the added benefits. In our rural California area it was a mistake. My PCP was in a different town & I struggled to get an appt. Standard Medicare plus Plan G supplement gives me the greatest coverage for my geographical location and transportation availability.

[@Theretirementnerds]

Thank you for watching and sharing your experience 😊

[@dmjh932]

My wife and I know both supplements and advantage plans. We have had them both for over 10 years. Both work as designed but the Advantage plan (PPO) with UNH has been the best overall. Saving us thousands of dollars and still offering good coverage with modest co-pays and we can use it anywhere in the USA. You'll be hard-pressed to find a doctor or hospital that does not accept this UNH plan.

[@Theretirementnerds]

Thank you for sharing your experience!

[@sithbk0075]

Eric does the best explaining this government health program. I watch other KZbinrs but this channel explain it clearly and viewers like me understand it well. 😊

[@Theretirementnerds]

Thank you so much for saying this! ☺ You are way nicer than we deserve!

[@steppenwolf53]

I congratulate you on creating such a concise overview without going down a bunch of rabbit trails the adds confusion to the overall picture!

[@Theretirementnerds]

Thank you so much for spending the time to watch :)

[@josephmarinucci9073]

This is the most concise comparison of Medicare choices ever. I will be turning 64 soon and plan to contact Retirement Nerds for guidance in the coming year, thank you.

[@Theretirementnerds]

Thank you so much for watching! Got your email. Appreciate you!

[@mmirafuentess1990]

Once in supplement can I change to Advantage plan in 2026? TIA

[@tioswift3676]

@@mmirafuentess1990no

[@AndyB718]

A lot will change before you hit 67.

[@tonyromeiro8278]

Everyone one of us have a unique situation to consider in relation of our finances, health, lifestyle, age and priorities in life. This presentation avoids taking sides about which Medicare plan is best, it is a good base to start and must be followed by due diligence from our part! Thank you Eric, congratulations!

[@Theretirementnerds]

Thank you so much for watching! :)

[@yukib4703]

😊I watched several Medicare related videos to prepare my transition to Medicare from an employer sponsored health plan. So far this is the most comprehensive and thorough one. Very helpful.

[@Theretirementnerds]

This means a lot! Thank you so much for spending the time with me and your kind words! ☺

[@gordonallen9095]

Love how comprehensive and detailed your podcasts are when it comes to the differences between Medicare supplements, vs advantage. Turning 65 next year, and I will be faced with these decisions. Your podcasts have been a great help in helping me to make an informed decision. Given my family history of catastrophic illness, Plan G looks like the best choice for me. The only drawback is the extra expense of trying to find affordable drug, dental, and vision supplements. ☺

[@Theretirementnerds]

Appreciate you watching ☺️ So glad to hear they are helpful! G is super solid. Use an agent to shop things for you and find the right plans (supplement, drug, dental, etc.).

[@annelynch600]

😊. Medicare is complicated. I spent months researching what was right for me. Thank you for the objective coverage. Everyone needs to make their selection based on their own health and finances. Finding an objective Medicare advisor was not that easy. Met with one who gave me 2 advantages plan options. When I asked about supplement planes I was told they don’t have dental. I found a different advisor

[@Theretirementnerds]

Smart on your part. I think all agents should present both to people, show how they work, and trust that you know yourself well enough to be able to identify which would work well for you. Appreciate you! ☺

[@2012Edger]

😊got it. I am about 3-4 weeks away from having to chose for the first time. I will be checking in with my Fidelity advisor shortly. Thx.

[@Theretirementnerds]

Thank you for watching! ☺

[@melissabrooke1146]

Hi, great information, even though I just finished my yearly Medicare certifications. Always information overload, so I appreciate your simple and precise explanation. I love my Advantage plan because it suits my finances and my referrals always get approved. I’m also Medi-Medi. I also do what’s best for the customer. Subscribed.

[@Theretirementnerds]

Thank you so much for watching!

[@Luna586]

Great presentation! Thanks for the best explanation and comparison of advantage vs supplement 👍🏼👏🏼

[@Theretirementnerds]

Appreciate you! ☺

[@heididarley3221]

I appreciate your videos. Shame on the agents that lead individuals to a plan because of the commissions. Everyone is an individual. 😊

[@Theretirementnerds]

Agreed! However, the VAST majority of agents are trying their best to do what's right for you. As is the case with any profession, a few bad apples cause problems for everyone.

[@mapguy32]

Some areas of the US have hospitals and providers 😊 who will not accept Medicare Advantage plans or will stop accepting them in 2025. That's also a factor to consider, especially in rural areas or urban/suburban areas with hospital monopolies.

[@GetAtThat]

@@mapguy32 Agreed. A major hospital system in northwest Indiana dropped two Advantage providers in April last year. If you were on those plans you were SOL until open enrollment. And even then, will your future plan/carrier be safe?

[@douglasjensen8986]

@@GetAtThat 😊Erik has a video that sheds light on the exaggerated claims about drops which some people post here. It is a very low risk. Approvals are another exaggerated risk, as Erik reveals.

[@Theretirementnerds]

Very true. Networks are important to consider. At about the 10:30 in this video: kzbin.info/www/bejne/m6irZIeOrsmipsU We go over those instances and the network problems.

[@ryanocillaslaw9404]

@@GetAtThat most of the time you have special election periods that allow you to change mid year. I haven’t run into a situation yet I haven’t been able to change a client mid year.

[@donnasladek5142]

I also wanted to say you are very helpful and thorough in your explanations. Thank you and keep up the great job!

[@Its_Me0000]

Thank you Eric. Congratulations on 142,000+ subscribers. 😊

[@Theretirementnerds]

Thank you so much! Pretty crazy!

[@flossingdebi]

Medicare can be so confusing, thank you for making it more clear between the two plans, I live in SoCal and I will be watching the video for my state!! 😊

[@Theretirementnerds]

Thank you so much for watching! ☺ Here is the California video: kzbin.info/www/bejne/sHTGmKNmd7qMadE

[@dmrmkw]

😊 Thank you so much for such an objective comparison of the two. I am turning 65 next March so I have to make a decision about this within the next few months. I am still currently massively unsure about which way to go. Unfortunately, my crystal ball is broken that should be telling me how sick or injured I may become as I get older. I will continue to watch your videos and I thank you so much for providing this information.

[@Theretirementnerds]

Thank you so much for spending time with me! ☺ It's a lot to juggle. Getting an idea of the plans in your area helps make it less intimidating :)

[@shellifoster3095]

Very helpful comparison of both plans, especially as I am trying to understand them from an agent perspective.

[@Theretirementnerds]

Thank you so much for watching!

[@adamniederklein6965]

Incredible work, as usual. 😊 Medicare Cost plans are interesting too. Sort of a hybrid between Supp and Advantage but only offered in some counties. Also, adding hospital indemnity/cancer insurance can change the cost and risk exposure on Advantage plans. It’s almost like adding a low cost Med supp to an advantage plan. Thanks Eric.

[@Theretirementnerds]

100% Thank you so much Adam! ☺

[@pjpucci]

Thank you for your videos. I share them with a lot of people. I always feel more at ease with this information.

[@Theretirementnerds]

Thank you so much for watching and sharing! Appreciate you and happy to know they are helpful :)

[@kohili8]

As always, your videos and information are some of THE best anywhere! Thank you! 😊

[@Theretirementnerds]

Appreciate you saying this! Means a lot! Thank you for your support ☺

[@susanoleson2136]

😊 Thank you SO much for the great work you are doing on your channel!

[@Theretirementnerds]

You are too kind ☺ Sure do appreciate you!

[@janaraiman694]

Thank you for all your clarity for the confusion I had!💛

[@Theretirementnerds]

Appreciate you watching!

[@betsydoc3628]

😊You take such a complex subject and make is understandable. thank you

[@Theretirementnerds]

Trying to help in some small way :) Thank you so much for watching! ☺

[@RinaLevyFox]

Excellent description and comparison of the various plans based on costs and ROI

[@KeithRicken-cm6sb]

Good video as always..my only criticism is that drug coverage is a much more complex issue in 2025 than you imply. In fact, insurers have responded to the new Medicare rules by removing a number of meds from their formulary (or moving them down a tier or 2). The $2,000 cap is as phony as a $3 bill because it only applies to meds in the formulary. In my particular case, a $1,500 total cost in 2024 (Part D premium and co-pays) would become $11,000+ in 2025 if I stayed in the same plan. Even moving to the lowest cost plan is estimated to cost $5,000. No changes in meds, and using generics in every case possible. The effect is huge - and significantly underplayed. 😊

[@Theretirementnerds]

I agree with you. Drug coverage is a huge issue. In the context of this video in particular, it isn't really handled too differently between the two routes people can take. Advantage plans tend to have no premium cost and lower deductibles, but you're tied to the full plan based on the formulary where with a supplement plan, you can shop around and don't have to change all your other coverage to change your drug plan. Part D is a mess this year. No doubt about that.

[@bonniegalloway5511]

😊 Very nicely done video. I am a case manager and see people with Advantage plans all the time. They can’t get insurance auth for rehab and so many other things. I see it daily. But this video was very informative. Thank you

[@dianewalker8943]

Flexibility is key advantage of a supplement plan, you can research and choose a doctor, covered anywhere if traveling

[@butopiatoo]

Great summary ☺☺. I chose a MA plan initially to save money in my HSA for later in life. Getting a buy back so reduces my Part B premium and paying all premiums out of pocket letting the HSA grow tax free. Now trying to figure out when might be the best time to convert to a Gap and Part D plan to cap MOOP. I think the government is going to eventually do a hybrid that everyone has to convert to and at that time there will be no underwriting. Not worried about underwriting now since I'm in good health, but they are gonna have to go to a common base plan at some point to simplify a horribly complicated system.

[@Theretirementnerds]

It's wild how complicated it is... right? Thank you for watching! ☺

[@KeithRicken-cm6sb]

Might I also add that a number of larger companies offering Advantage plans now offer ‘national’ networks. Still not the same benefit you might get with a Supplement, but not as limiting as a strictly ‘local’ network (though you have to do the research to figure out the network providers in whatever location you’re traveling to).😊

[@karenboyd6293]

😊I appreciate this video. I have friends that are very different than I am. When I asked my friend why she made a change in her CGM, she said because the doctor told me to. They are saving a lot money, at this point And when she has medical questions, she asks me for explanations so the doctor's willingness to explain is not an issue. I remember when we had a normal employer plan. The need to wait for referrals and authorizations, was exhausting, especially when I was sick. As I type this, there is a video titled Why I would never choose Medicare Advantage. I am not going to watch it.

[@Theretirementnerds]

Catchy title though! Thank you for watching and sharing your experience!

[@judyfriedsam457]

Regarding Advantage plans, he is speaking strictly about an HMO ..there are also PPO Advantage plans that allow far less restrictions while also having the financial benefits of an HMO. Overall for many this presentation is helpful.

[@Theretirementnerds]

We touch on PPO as well. That whole section on out of network max out of pocket is referring to PPO options :) Thank you for watching.

[@bethesda1146]

A smile 😊 a day keeps those doctors away which is my hope for all, your videos keep me 😊

[@Theretirementnerds]

Thank you so much!! ☺ Appreciate your support!

[@elpossum9244]

Very comprehensive review, thanks for putting it together. 😊

[@Theretirementnerds]

Thank you so much! ☺️

[@steveg6978]

Improved charting from last year

[@Theretirementnerds]

Thank you :) Trying to get better every day :)

[@melissaegbertson9100]

This is a great discussion. Thanks!☺️

[@Theretirementnerds]

Thank you! 😊

[@fw4698]

😊 Great video ... I'm a little fuzzy on the math. For the "G" Plan on a Bad Year is $5,520 + $2,000 Plan D MOOP. Why is the total $7,780? What is the other $260? Sorry is this is a sill question ;) I think I found it ... it's the Supplement deductible. Again, great video!

[@Theretirementnerds]

You found it 😊 thank you for watching!

[@stephencoe2231]

Thank you your presentations are great. wish you could pick my TN plan for me

[@Theretirementnerds]

Thank you so much for watching! I have partners licensed for TN if you need help. [e-mail] is my email.

[@kenneim4583]

☺ Another excellent video packed full of information. I have a few years to go before I am eligible for Medicare and this channel is helping me understand a lot of information I will need to make the best decision for me and my wife. Thank you!

[@Theretirementnerds]

So glad it is helpful! Thank you for spending time with us! ☺

[@francisp6529]

Thank you this was very informative

[@Theretirementnerds]

Thank you so much for watching!

[@photography3609]

Great video, full of information. Thank you 😊

[@Theretirementnerds]

Thank you for watching! 😊

[@jtisue]

Great presentation, balanced.

[@Theretirementnerds]

Thank you!

[@dancurran8977]

Thank you for the balanced and informative video.

[@Theretirementnerds]

Thank you so much for taking the time to watch my friend! Appreciate you!

[@joracer1]

How can i afford any of it if my ss benefit is $1380 per month?

[@spangleboy]

😊Another great and informative video, Erik. Your non-biased look at ALL options when discussing Supplement vs Advantage comes through crystal clear, as usual. I appreciate that. - -Lyle

[@Theretirementnerds]

Thank you so much Lyle! Appreciate you!

[@JT-eq8ze]

Thanks for putting up this video. Great stuff! 😊 You are so right, at looking at what works for each individual and not a one size fits all approach to supplement vs advantage plans.

[@sonsieface]

Very helpful. You made a stupidly complicated situation comprehensible for "normal" folk like me.

[@Theretirementnerds]

So glad it was helpful! Thank you for taking the time to watch!

[@kathysoltys3104]

I'm still confused. Lol

[@sonsieface]

@@kathysoltys3104 I'm 95% there, haha

[@sarah430]

I’m still 5 years away from Medicare but my husband has been on it for 5 years and has the Advantage plan through our HMO that we’ve been with for 30 years with employer plans. So it makes sense for us to stay with them. Unfortunately the dental is terrible really only covers dental and very basic with a $1200 cap for everything. So for now he is still with me on my employer dental. Is it possible to purchase stand alone dental plans after age 65? Thank you! Your videos are incredibly helpful. 😊 We might have still gone the same way but wish I had them when we were initially choosing his Medicare plan.

[@Theretirementnerds]

Thank you so much for watching! ☺ Yes, there are standalone dental plans. Dental coverage is an interesting topic. Need to make a video around it. More and more dentists aren't working with dental insurance and the plan coverages aren't always very good (as you see).

[@susandavelman-o1j]

This is a very good comparison of plans, but I think they should also focus on out of network costs. My disabled sister in law was diagnosed with cancer. We specifically brought her to a hospital because it was identified as in-network by the Medicare Advantage plan she has. Six months later, we found out that the Advantage plan was no longer in network. She is now responsible for $13,000 annually as the out of network maximum amount. If you are seriously ill, Advantage plans seriously limit where you can be treated.

[@karinhart489]

😊. I’m sticking to my plan g for now, someday might use the birthday rule to go to plan n. But I continue to monitor 👀 the FB group of retirees from my employer group where most signed up for a specific PPO MA plan: last couple of years everybody loved it. This year lots of problems with denials, appeals and the ever shifting sands of the drug plan’s tiers & formulary 😮.

[@Theretirementnerds]

2025 will be a whirlwind mixed with a tornado and a volcano... we'll see what it all looks like in the end.

[@MarieC-q6e]

😊 Thank you. I know there are medical advantage plans that cover hearing. Do you have more information about those types of plans? Thank you so much.

[@Theretirementnerds]

Almost all have something. Varies by plan and plans vary by where you live. My email is [e-mail] if you'd like us to help.

[@ThomasAloisi-MDInsurance]

Great video. I hope you will do a video about the "FREE DEBIT CARD WITH HUNDREDS OF DOLLARS FOR FOOD!" ads that are all over the place and really confusing people. Every time i see one of these ads, I get this confused expression : 😳

[@douglasjensen8986]

☺ Hi Erik, as usual, your videos are one of a kind. I really love it when you point out the clickbait videos. There are many terrible Medicare videos on YT that make me furious.

[@Theretirementnerds]

Thank you for your support! Means a lot. ☺ I agree... there is a level of thumbnail design that has to happen. Need to get the click, but there are some serious oversteps in my opinion.

[@tomm7505]

Good video Erik. Thanks.😊

[@Theretirementnerds]

Thank you Tom! ☺

[@OnlineMD]

I am 76 and have had Medicare plus Blue Medicare NC supplement since age 65. The premium has steadily gone up, to $311 a month ($3700 a year) now. Will likely go up even more in May. I only have a doctor visit twice a year. SO. I've chosen a Medicare Advantage plan for 2025 with a zero monthly premium and a maximum total out of pocket of $5900. Includes a drug plan. I only take 4 generic drugs all at zero cost on this plan. So if my health stays the same I will save around $20,000 in the next five years.

[@Theretirementnerds]

Thank you for watching and sharing your experience!

[@katheyjberry]

Outstanding presentation! A+

[@Theretirementnerds]

Thank you!

[@WigsGlam]

Thank you Erik!! always love your valuable information😊

[@michaelmiddleton3311]

Ive enjoyed many of your videos. And thanks to your great research I have already decided the route I'm taking. Off topic: If I promise not to wear it on the same days as you, where do you get your'e shirts? I really like the look!

[@Theretirementnerds]

Thank you so much!! Primo Golf Apparel! primogolfapparel.com/ They were big online when Phil Mickelson wore their joggers to The Open in Britain. The owner is a friend of mine :) There is a discount code: "RetirementNerds" if you find anything you like and want a discount there. And you can wear them on the same day. Twinning!

[@KatPhillips-e3b]

I am on AARP plan F which i believe is no longer offered. It was excellent coverage for my husband who had heart surg in another state with better medical services. He was healthy til he was not. 😢

[@ph5915]

😊Yep, it's all about personal preferences and risk tolerance. Many of us probably think we've been relatively healthy our whole lives, saving $ with an Advantage Plan seems like a good choice. The problem is, the odds are, every year we age the probabilities of needing medical care of some sort of issue will arise, sometimes it's major events, sometimes it's less severe things but they keep piling on... That's the real personal internal debate we must think about.

[@Theretirementnerds]

100%. I wish we all had a crystal ball... but alas... we do not. ☺

[@ph5915]

@@Theretirementnerds I can probably find one on Amazon! 🤣

[@Theretirementnerds]

@@ph5915 🤣😂

[@TonyGriz-r5o]

Great video. you mentioned a spreadsheet to download to compare. i'm having a hard time finding it.

[@Theretirementnerds]

Here you go! theretirementnerds.com/long-term-medicare-costs/

[@bigmakkun3766]

😊 I checked this video because I heard my grandma talked about choosing her healthcare plan. I didn’t understand what she was discussing about plans with my parents. I think I have health insurance from my parents. Anyway, I understand a bit more about healthcare from watching this video, not 100% though.

[@loreta802]

Thank you for a very good explanation

[@krisj99]

😊Thank you so much for your incredibly informative videos.

[@Theretirementnerds]

Thank you so much for watching and your nice comments! ☺

[@AndiS-dz4pq]

Excellent info. Thanks 😊

[@Theretirementnerds]

Thank you! ☺️

[@ADAdams-wn1nc]

The real danger with an advantage plan is the insurance company that decides if you need to be outpatient instead of hospital care. Or a procedure that the insurance company has to discuss (for several days) before they tell your doctor how to modify the doctor advised procedure based upon their profit structure.

[@808nisa]

🙂Great video & appreciate how you explain the differences. I'm now a subscriber.

[@Theretirementnerds]

Thank you so much!!

[@mikes6826]

😊 I am curious why you care if people watch till the end? Have you determined the minimum video length that will get paid some sort of maximum amount by KZbin. Or does it have nothing to do with monetization but is it for some other reason? Either way GREAT video and thanks!

[@Theretirementnerds]

Thank you for watching! 😊 Has everything to do with comment management. I don't know the number, but hundreds of comments can come in during the day. I try to answer as many as I can. Some people leave pretty negative comments saying I'm lying, but they don't watch the video, and what they say I'm lying about is actually covered in the video. So... secret words help me manage things. Hope that helps!

[@dalev7391]

We each had advantage plans for two years after we retired. The limited choice of providers and waiting for treatment approvals got to be annoying. Fortunately we were able to switch to to original medicare and a plan G. More expensive but for us, well worth it. 😆

[@Theretirementnerds]

Location and company make a huge difference for sure. Glad you are happy on your supplement, and thank you for watching and sharing your experience!

[@douglasjensen8986]

Erik, every video I have seen on KZbin assumes and states that an Advantage plan monthly premium is $0. My Advantage plan premium is $219. I know your answer is that most (almost all?) people on an Advantage plan choose a plan with a $0 premium. They say they are saving money. But you know better than anyone else how all insurance works--pay upfront or pay at time of need. IMHO, somehow many people don't explicitly understand this trade-off clearly in their particular cases. For example, will the $0 premium save a person all the money they need as time-of-need costs occur? I think it would be helpful if you made a video about this topic of helping each particular individual to consciously make this trade-off. No one could make such a video as well as you could. (On Nov 18, I will be having this discussion with your Massachusetts partner.)

[@Theretirementnerds]

I'll see what I can do! Is your advantage plan through an employer?

[@douglasjensen8986]

@@Theretirementnerds Initially it was, then I continued it when I retired.

[@medopke]

😊 enjoyed the video. Question, and maybe I missed it: I just turned 65 and am in reasonably good health. I’m able to afford the higher monthly payments for plan G and went this route mainly for the flexibility vs advantage. Also factoring into my decision was the benefits of being on original Medicare from the get go so that down the road if/when my needs become more complicated and costly, I won’t have to deal with trying to switch from advantage to original Medicare. Put another way, I’m hoping the future me will appreciate the fact that I paid a little more up front for the benefits that will accrue down the road, even though I would most likely save a few thousand dollars up front by being on advantage. Is that sound reasoning on my part?

[@Theretirementnerds]

Your logic seems sound. Supplements have more peace of mind and less potential complexity on the procedural side. Their premium cost increases can become problematic, but if costs aren't an issue, they are wonderful!

[@PamelaShak]

I have regular Medicare and I've never used it. I'm healthy. I'm not sure if advantage plan us better for me.

[@Theretirementnerds]

Maybe. All boils down to finances, health, and what's available in your area. If you have doctors you want to see that don't work with advantage plans, makes the decision easier. If they do, it makes it easier on the flip side.

[@k26kv31]

Love the channel. Collecting as much info on the plans before I need to sign up...only 60 so I have a few more years. But here is a question, since I am retired (worked 32+ years) can I sign up for Medicare early? My husband is on the plan, but I am paying out the nose for coverage. Do I have to wait until I am 65? ☺

[@Theretirementnerds]

Thank you so much ☺ Yes, you need to wait until 65 :( There are exceptions, like you've been disabled for 24 months, have End Stage Renal Disease, or ALS. Outside of those, you'd need to wait until 65.

[@jeffmiller8209]

Thank you, Eric!!!

[@Theretirementnerds]

Appreciate you Jeff!

[@paulbmiles]

@jeffmiller8209 😊 are 2025 medigap rates available? If so, why aren't they on medicare gov? Is there any word on when 2025 rates will be on medicare gov? Thanks!

[@Theretirementnerds]

@paulbmiles medigap rate updates are not on the same calendar schedule. They dont all renew on January 1. Different insurance companies have different renewal dates (Any month of the year) so the company you're with will affect that.

[@jeffmiller8209]

@@Theretirementnerds Thank you, Eric! I'm so glad you picked up on Paul's question. I had no clue how to answer that.

[@paulbmiles]

@jeffmiller8209 Thanks for those replies. Wow, that is interesting. I'm still in the budgeting phase to sign up at 1/1/2026. So one could sign up for the first time, now for instance under a 2024 rate and potentially end up with a poor choice, price wise? Btw, I'm thinking Part N, in Ohio, Issue age.

[@alex8426]

Thank you. Can you provide examples for plan D (prescription drug plan 2025) if you have 2 or more high cost medications like eliquist and jardiance? 😊

[@Theretirementnerds]

I think this video will help a lot: kzbin.info/www/bejne/eWTFl6p5m7yMjNk Shows exactly how to find the lowest cost plan and you can put in medications like Eliquis or any others you may be taking. ☺

[@MellisaDallaire]

:) Trying to navigate with all the choices. Husband was roped into "N" by a friend. Brokers in the area say they don't have anyone signing up for "N" only G. I see I have choices.

[@Theretirementnerds]

Thank you for watching! Depending on where you live, N can be great.

[@6chex]

MA plans very different for 25. Many’s plans have dropped drugs completely so you have to buy separately. One UH MA plan has increased copayments for specials is $65 per visit, much higher than 2024. Medicare has cut reimbursements and MA plans are responding by cutting coverage and benefits so 2025 MA plans may be hugely different than prior.

[@bernardberry3824]

Very well presented. I have high deductible plan g. Do you have the plan hd-g deductible amount for 2025?

[@Theretirementnerds]

Thank you! 2025 deductible is $2,870

[@bernardberry3824]

@Theretirementnerds Thanks

[@pinkmoonrisin]

😊 Thanks for all the info. Question… what if I am on a Plan G or N and I move to another state? Would I go through underwriting?

[@Theretirementnerds]

Great question! ☺ No, you don't need to change your supplement plan when you move. They travel with you. You'll notify your insurance company, and they can adjust rates based on where you move, but you don't need to go through the process of getting a new supplement plan. If you do want a new supplement plan, it'll depend on which state you end up living in. Most will require underwriting if you want to change your plan. Some do not. This video goes over switching: kzbin.info/www/bejne/jJ_JZoijfsifnas

[@amystarnes9385]

Excellent video!!!

[@Theretirementnerds]

Thank you!

[@kathysoltys3104]

So, i make 1,300. SSDI. I have medicare and extra help for drugs. Signed up for dental and optical through work. I just turned 55. Just canceled Medicaid due to them coming after my house. What kind of supplemental would you suggest? I make about 1,000 W2 wages. So, not a lot extra. I have multiple tests and scans a year. 5 autoimmune diseases require them. Thanks!

[@LynnLopez-v3n]

😊 I have had a supplement plan F for years and you didn’t cover it. I don’t know if it’s best to keep it, I’m 72 years old and live in CA. as well I have been been disabled since 2009. Please address this matter please. Thanks

[@Theretirementnerds]

Thank you for watching! ☺ There are 2 key differences between Plan F and the Plan G you see in the video: 1. Plan F premiums are higher. 2. Plan F covers that $257 deductible that Plan G didn't in the video. In many cases, Plan F is more than $257 a year more expensive, so a switch would make sense. In other cases, it's not. In California, you have a birthday rule where you can switch supplement plans around your birthday. Worth shopping around at that time to see if there are lower-cost plans.

[@RG-hf4et]

​@@Theretirementnerds Switching from F to G or N makes sense IF you can pass medical underwriting. Definately look to switch if you are able to.

[@Alfred8277]

😊 Hawaii resident. wife will start Medicare this January. Favoring supplemental Plan N. Best option ? community pricing vs age issue vs attained age in terms of stability. Do you represent Transamerica Insurance? It has lowest price and is age issue pricing. Long term stability of Transamerica. Next choice is Omaha then United healtcare. Your videos are very educational. Thanks

[@Theretirementnerds]

Thank you so much for watching. There isn't a 'best' with the different rating types (issue vs attained vs community). All just work differently. If you live to about 80, costs all end up being around the same. Transamerica doesn't work with agents, so if you want that one, call Transamerica directly and they can get you set up.

[@libby2012]

Very nice info. 😊 Thank you!

[@Theretirementnerds]

Thank you so much! ☺

[@elles2605]

😊 About to embark on this journey.

[@Theretirementnerds]

It's an adventure... 😬

[@amporter5526]

Thank you of information. 😊

[@1stCMWARTIME]

Nice comparison. Any advice for those on Medicare with military secondary coverage via Tricare For Life?

[@Theretirementnerds]

Thank you! Keep Tricare for Life. Don't let anyone talk you out of it. That with Medicare is the best coverage around.

[@1stCMWARTIME]

@ thank you. I’m 70 now, I haven’t paid a dime out of pocket yet. My only health issue so far is minor skin cancer treatments twice a year. I didn’t know how it would work with a severe health problem and longer hospital stays.

[@Theretirementnerds]

@1stCMWARTIME ya, tricare for life is incredible. You earned it. Keep it.

[@debrahoheisel9148]

😊thank you Eric. I will have to choose my Medicare plan for next year for the first time. I am in a retiree medical plan now. I found out there will be a Medicare supplement plan offered as well and will have a prescription plan included via mail order . So my question is : Do I need to still pay for a Part D drug plan separately from that?

[@lyndayoung8761]

The person to ask is your company benefits coordinator. No one else knows the details of how your private retiree plan is organized. Many times enrolling in a Part D, DIS-ENROLLS you from employer plan!

[@Theretirementnerds]

Lynda commented on this and is right. You'll want to check with your benefits team to get more details on your company's supplement plan and drug plan. The question you'll want to ask them is if the drug plan is "creditable." If it's not, and you want a Part D plan later, you're looking at penalties. If it is, you can be on that plan and, should you want to switch in the future, you won't have penalties. Thank you for watching! ☺

[@mariee1242]

Very nice breakdown, but a few things one must also consider with this breakdown especially with an advantage plan. If you are 65 years old and fairly healthy, Im sure you visit a doctor at least a few times a year, and maybe have some blood work. With advantage plans you will have outpatient office visit copays that could be $50 more or less. You may have a coinsurance also that could be 10, 20, or 30 percent of the approved payment amounts to your physician. Labs may not be covered 100 percent either. There may be a copay or coinsurance for lab tests. You must tack on those costs to the annual advantage plan cost listed here, and that is in a good year. So while this is a nice way to understand the differences in supplemental g and advantage costs it really is not the entire picture. Also need to mention if you end up in the hospital every doctor that walks in your room and bills you may not even participate with the advantage plan even if the hospital does. Many doctors have privileges to see patients at a hospital, but are not employed by the hospital, meaning they bill separately for those services. With a supplement g plan that is not a worry, as most physicians accept traditional medicare A and B. No matter who you buy supplement G with, they will cover the services as long as traditional medicare is accepted which is the most likely scenario.

[@Theretirementnerds]

Thank you for watching. Quick clarification... we included the out of pocket max in this video. So all those copays and coinsurance possibilities are real, but they wouldn't exceed the out of pocket max, assuming things are handled in-network. Those wouldn't be on top of the max out of pocket. Hope that helps!

[@judyschultheis]

Thank you 😊

[@Theretirementnerds]

Appreciate you! ☺

[@Kathy-tx3ef]

Great Video 😊

[@Theretirementnerds]

Thank you so much! ☺

[@donnasladek5142]

If my single income from 2 years ago is half of $106,000 then will my monthly premium IRMAA be less based on that dollar amount ? You mentioned it would be higher if my income was more.

[@TheTak135]

😊love your videos!!!

[@Theretirementnerds]

Appreciate you so much! ☺

[@BangNguyen-ux4ie]

Choosing Medicare plan is more than just dollars and cents. With Advantage Plan you must use THEIR network of doctors/specialists, which may but more often are not the best in their fields. With Supplement Plan you can seek out the best doctors/specialists anywhere in the country for your condition. That freedom is what you are paying for with the higher cost of the Supplement Plans.

[@g0989]

A PPO Advantage plan does not restrict the enrollee to using in-network providers. Out-of-network care will usually involve higher out-of-pocket copays, though.

[@BangNguyen-ux4ie]

@@g0989 Are out-of-network doctors on a PPO Advantage Plan the same as doctors on Original/Supplement Plans? For example, you live in Texas but you find a great doctor in Boston who is expert in the condition you seek treatment and want to use him. Well, it's 99% chance he/she participates in Original/Supplement Medicare and can treat you; but if you're on an Advantage PPO Plan, he/she might NOT necessarily participate in that particular Advantage PPO Plan that you're on.

[@ChandlerTC]

He said that in the video.

[@ryanocillaslaw9404]

The problem is a lot of enrollees do not understand what that plan g premium will be in 10-15 years; it is by far much more flexibility for medical but if you can’t afford to pay other bills and buy food then it’s not really the best option for that person. It’s unique to each person