Buzz signed up for Medicare! Advantage Plan or Supplement Plan? The big reveal.

Thank you Veterans for your service to our country!
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#buzzretirementgarage #retirement #earlyretirement
#medicare #theretirementnerds #medicare365

[@chhook949]

A E I O U Thanks For The Headache 🤕 Sure Happy My Wife Handles These Out Of My Wheelhouse Issues 😀 Our Go To Insurance Girl My Wife’s Best Friend Has Always Been Invaluable Helping! Love That You Take On These Critical Topics 🫡! All The Best To You & Mrs Buzz! Be Well Be Safe & Stay Blessed.

[@BuzzRetirementGarage]

I'm glad you have a trusted person to help out! Makes things easier.

[@ttfweb1]

Buzz, you’re genuinely a good man. It would be an honor to be your neighbor.

[@BuzzRetirementGarage]

You are way too kind! Thank you! Buzz

[@mariannedressler6784]

My N plan in South Carolina is only $75 a month!

[@BuzzRetirementGarage]

That's a good deal!

[@Middleagegrind]

Indeed happy Veterans Day to all who served.

[@jeffb.2469]

Thanks for remembering us Veterans.

[@gideonwolf7332]

Retired last year and when on Medicare Part G. Loving it. No co-pays.. and for certain issues coming up in the future Part G has given me some real peace of mind.

[@BuzzRetirementGarage]

Another vote for G! Thank you for the comment. Buzz

[@oldroscoe2590]

Knowing what you might need for the coming year and years and which way to go, it's a game of chance. I'm 76 on an advantage plan. Two months ago I wound up in the ER and had a ERCP the same day and admitted over night. ER was covered 100%, the next day I felt much much better but I was scheduled for gall bladder surgery. Long story short, prior approval was required or the advantage plan wouldn't pay. I wound up signing an AMA (against medical advice) and since it was a nice day I walked the mile home instead of calling for a ride. I still have my old gall bladder and so far still feeling just fine. Time will tell if my old gall bladder stays or goes if it goes it will go with prior approval from my medicare advantage plan.

[@BuzzRetirementGarage]

That's what I don't like about the insurance companies. When I had cancer in 2014 my oncologist wanted a PET scan done but the insurance wouldn't approve it until I had a Cat scan first. Two completely different tests. Having to schedule both just took more and more time. Under G or N plan I would have had the PET right away. In your case why didn't you want it removed?

[@corinabecerra953]

God Bless the Veterans 🙏🏼

[@cptophers4626]

Medicare School is another youtube channel that is quite informative.

[@BuzzRetirementGarage]

Yes, I said that in the video. Thank you!

[@JBoy340a]

Agree. Love Marvin.

[@jamesp.7496]

Thank you vets. ❤

[@austinhenry7626]

Thank You Buzz for your videos and advice! We got in contact with Erik who then put us in contact with an associate of his at the TIG insurance agency.They specialize in retirement medicare. We talked to Charlie Tinsley who actually listened and helped us with our needs! Thanks again for introducing us to these two kind and caring individuals!

[@BuzzRetirementGarage]

I'm glad it worked out for you! Buzz

[@conniebueter9052]

I took N supplement 10 years ago at $88. And it is now up to $148 but not bad. I am in excellent health so far😊

[@BuzzRetirementGarage]

I think that's reasonable.

[@martinaarriaga7753]

Thank you Buzz! I’m all for great customer service whether it’s buying groceries or purchasing a car! If it’s no bueno, you will lose a very good customer 😊 when the time comes for me, that will be up there with deciding which plan to go with. Great information!

[@BuzzRetirementGarage]

You are absolutely right! It's about choices and making sure you're well informed to do what's best for you.

[@chriswhite5180]

It is personal, every person is different, their finances, their health and what you may need. Plan N is solid.

[@BuzzRetirementGarage]

I think so too.

[@2024FingersCrossed]

Thank you Buzz, appreciate it.

[@BuzzRetirementGarage]

You're welcome! I hope it was helpful.

[@FailureatRetirement]

And Buzz is once again putting out a great video 👍🏼🇺🇸

[@RetiredFarmboy]

Buzz, appreciate the content. I’ll be eligible for Medicare next June so starting the evaluation process.

[@BuzzRetirementGarage]

You've got some time. Get as much info as possible from different sources. Buzz

[@madeuce3011]

So glad you narrowed down what woks for you. I've been happy with my Medicare and suppliment. I've has mine for 4 years, never used it because I didn't understand my full out of pocket yearly cost. I used it for the first time a year ago this month when I broke my heel bone. Buzz, you did all the homework. Wise choice. Sandy Bo

[@BuzzRetirementGarage]

I've been on the ACA for 11 months, so I've had time to study the Medicare options. So many good Medicare KZbin channels out there to help. Buzz

[@jackieh1206]

Dr weir is a great one. He use to work at a social security place

[@janice7425]

I have N. Agree with your logic for going with N. Would never go with Advantage.

[@BuzzRetirementGarage]

I think it will work out great! Buzz

[@DavidWright-sn4tu]

G for me in central pa.Prostate cancer diagnosis so far just watching. When treatment is needed will go to Johns Hopkins,covered under g.I sleep better at night knowing I have choices if needed.Cost is higher than n but piece of mind is priceless.

[@BuzzRetirementGarage]

Agreed! I've read stories where someone on an Advantage plan had pre-authorizations for hospital and Dr etc but got an out of network charge because one of the doctors that checked the patient was not in network. Crazy. Plan G and N prevents that bull.

[@kevindecoteau3186]

I use Medicare school to help with medicare planning. They put me on a supplement plan and I've been very happy with it esp. since I was in a car accident about 2 years ago, (not my fault) and I am not switching. I'm in Ma.

[@BuzzRetirementGarage]

Excellent!

[@alanseager]

here in Canada we are lucky been covered all my 74 years good thing too

[@cathyallshouse2981]

I'm American and truly hope we can learn from Canada's example. I firmly believe in "healthcare for all". May I ask what you pay in extra taxes for this insurance coverage?

[@timcat1004]

@@cathyallshouse2981 There is no breakdown of what we Canadians pay. I can tell you though that our health care system is broken. I can't even get a local Doctor. Right now Canada is broken because of Trudeau. We h ate him.

[@corby6956]

There’s a guy on YT I watch occasionally, he lives in England, he’s been waiting months for a gall bladder removal. I’ve heard Canada is the exact same...

[@teriscott685]

Yea right my sister lives in Canada has waited 7 months for a hip replacement,and her taxes are as high as what I pay for my Blue Cross plan g supplement in the US

[@JBoy340a]

Socialized system is good and bad. Good in that no one goes without health care, unlike in the US. Bad in that there are rules that make it fair to all but can mean long wait times. Most countries that have these plans also have for fee plans you can buy to ensure you can get into a private doctor right away. This is also starting here in the US in the form of concierge medical practices.

[@boatingcharlie1]

I have a friend that's a nurse that works in a hospital. She says there is no advantage to "advantage plans" and don't get them at all.

[@Mauiman-w4k]

Great video, you definitely did your homework!

[@BuzzRetirementGarage]

I've been waiting 11 months to get on Medicare and off the ACA. Plus, there is a lot of good info out there! Buzz

[@Mauiman-w4k]

@@BuzzRetirementGarage It is confusing for sure. I did a lot of searching and ended up on Plan F Blue Cross Blue Shield.

[@leveragedpromise1]

Thank you for your service Buzz! My Dad was on DD665 during WW2.

[@BuzzRetirementGarage]

I didn't serve but many in my family did. Buzz

[@threeftr3349]

The Medicare Part D late enrollment penalty adds 1% of the national base beneficiary premium ($34.70 in 2024) to your Medicare Part D premium for each full month you went without qualifying prescription drug coverage. This is a lifetime penalty when you sign up after your required time.

[@BuzzRetirementGarage]

That's not good and everyone should get the plan. Thanks for sharing that information!

[@shelton126]

Good choice going with original Medicare and Plan D. Had a liver transplant March 23rd. Between A&B plus N and D, I paid around $1,000 (excluding premiums) and included medication I take. There were zero issues with coverage.

[@BuzzRetirementGarage]

Excellent. Also, glad everything worked out for you!

[@readyfortheworld9232]

Good for you ! Go Medigap - SWAN - Sleep Well At Night Remember WIXY Radio 1260 ? Northern Ohio's Radio Leader Paul Revere & the Raiders ! Just Like Me !

[@BuzzRetirementGarage]

Wixy and WHK!

[@cathyallshouse2981]

Congratulations Buzz! I turned 65 this past May and went on Medicare and Plan N. So far so good for me. MC is absolutely the best AND cheapest health insurance I've had in decades! Low, low deductible. I'm in Texas and pay $97/month for N.

[@BuzzRetirementGarage]

I've never had such a low deductible in my life! For the last 19 years of working my plan only cost $80/month but my deductible was $1,500. (actually, pretty good)

[@JBoy340a]

@@BuzzRetirementGarage wow that is a high deductible. And another reason to avoid the private insurance company "Advantage" plans.

[@BuzzRetirementGarage]

@@JBoy340a Actually we had a unique situation. After the $1500 is met we pay nothing the rest of the year. For single people it was $500. The company would pick up the difference. So if the insurance company had a 7,500 deductible, which lowered the companies overall premium, the company would pay the difference between the $1500 and $7500. Only a dozen people each year would go over the $1500 so it was a win/win for everyone.

[@Partyofone63]

Great info Buzz, my husband really needs to do his homework, he's getting reamed with costs.I'll definitely check out these guys.I'll be turning 64 so I have time to do some research Thank you so much

[@BuzzRetirementGarage]

Thanks for watching! Buzz

[@noreenn6976]

Thanks for sharing Buzz! I'm going to check out those channels your mentioned!

[@BuzzRetirementGarage]

There are some good ones out there and your local insurance agent may be able to help as well. For my ACA coverage I used HealthMarket insurance, which is available in most states, Found that recommendation on the Medicare.Gov website. Buzz

[@kirkenoch7121]

Good choice Buzz, I have the G plan and very pleased.

[@BuzzRetirementGarage]

Hopefully you have a decent cost on it. Buzz

[@kirkenoch7121]

It’s pretty competitive in Raleigh area with Duke, UNC, etc

[@kellyenright2578]

Buzz, I’m a couple months behind on signing up for Medicare (I’ll be 65 in March 😊). Thanks for suggesting the Retirement Nerds KZbin channel. I was able to go and watch a video that was specific to my state and got a wealth of great information.

[@BuzzRetirementGarage]

You're welcome. Glad to hear you were able to get information specific to your state.

[@goldstandardaviation1667]

Welcome aboard the Medicare train. I have Plan G (AARP US Healthcare). I have NEVER opened my wallet since going on it two years ago (except the small initial yearly deductible). Love, love, love Medicare.

[@BuzzRetirementGarage]

Excellent choice especially as we age. Buzz

[@JBERRY603]

Ty Buzz!

[@BuzzRetirementGarage]

Thanks for watching!

[@larriveeman]

I have FEHB ( retired federal employee) + medicare A+B

[@joycef8443]

We do, too! A lot less of a nightmare.

[@grumpychoi]

I turn 65 next year and retire next week. My retirement insurance will supplement through Via Benefits, but won’t know what that is until I get closer. I don’t know how many people use Via Benefits, but I am interested to see what that looks like.

[@BuzzRetirementGarage]

You mentioned that you were taking Cobra. Have you looked at the ACA instead?

[@marteanderson7963]

A couple of notes: on plan N ER visits can incur a co-pay ($20) just like a doctor's visit and excess charges above Medicare approved charges can be billed, but in practice this is largely mitigated; just ask in advance if the doctor accepts Medicare rates. Regarding Plan D; some of us are subjected to IRMAA which makes Plan D quite expensive if you have no Rx and are healthy.

[@BuzzRetirementGarage]

Fortunately, I live in one of the eight states that do not allow excess charges. Paying for D at a high cost because of IRMAA and not having prescriptions is a drawback. Thanks for the comment! Buzz

[@threeftr3349]

The copays is $20 dollar or less.

[@wingandhog]

I sign up in April. Just now researching advantage plan vs supplement. Good topic

[@BuzzRetirementGarage]

Get lots of opinions. Sort out the BS and you're golden.

[@teriscott685]

My Blue Cross supplement plan G is 151.00 per month,it's great

[@BuzzRetirementGarage]

Great plan!

[@dgs8011]

Everyone has their own preferences on this issue. As long as i can afford to not have to think about networks or approvals, I'm going with a supplement. I do not like PPOs or HMOs. I've been very blessed to hardly ever have to go to the doctor, but that will change with aging, I'm sure. And part of the reason I didn't go was because the network changed every other year or so. I'm going with N also when I sign up at end of month. I love Retirement Nerds, but the agent I'm working with is at Abt Insurance, another informative KZbinr.

[@Theretirementnerds]

Appreciate you watching us :) Stephanie does a great job!

[@carolinebeck807]

I would have gone with Abt if I wasn't already with Christopher Westfall. Both are great. Also, plan N is doing just fine for my husband and myself.

[@10speed4]

I went with plan N too. I had to go to the emergency room this past May and $35,000 (4 days) later they turned me loose. To the best of my memory my out of pocket cost was around $60 to $150 dollars.

[@BuzzRetirementGarage]

Although hopefully that doesn't happen often it is nice to have the N or G plan when something like that happens. Hope you're doing well! Buzz

[@Retired-Sanitation-Worker]

Hi Buzz, we'll be turning 65 in Aug 2025 so your timing of this info is really helpful. The more we learn about the choices we have I'm prone to go with a Advantage plan. Many retiree's I've met in my area are using Advantage plans because we're on such a limited network of doctors to begin with. Humana is the company with the most participants here. Aloha from Kauai, Darin

[@BuzzRetirementGarage]

54% of people have chosen the same route so you're in good company. One of our subscribers who I had lunch with a few months ago said his Advantage Plan has treated him well. Everyone needs to make the choice that's best for them. Tell Elvis that Buzz says hi!

[@rlsretired2024]

I switched from Mutual of Omaha this year because of concerns about closing a book of business. It seems most companies sell supplements for a period of time , then close that book of business and start a new book of business with cheaper rates. If you're left in the old book, you could see higher rate increases. In Ohio, to switch, you need to pass medical underwriting, I decided to switch while I am still healthy.

[@BuzzRetirementGarage]

Things like that I'm not well versed on. I met with a finance guy this morning and he said rates also come from your income. I never knew that either.

[@glennheath6150]

Didn’t realize how involved medical plans are in the US. In Canada we have universal healthcare so there are no monthly fees, deductibles or different plans. Healthcare is paid for through taxes paid to the federal and provincial governments. That cost is enormous and is increasing every year. Quality of healthcare is generally decreasing as costs increase with many Canadians choosing to pay out of pocket for procedures. No system is perfect. Good video Buzz.

[@BuzzRetirementGarage]

Reforms are probably needed in both countries but that's a totally different video and one I probably won't touch! Lol. Thanks for the comment! Buzz

[@kristy8731]

I'm 54 and have been on an advantage plan for six years and am very happy with it. I pay the $174/Medicare premium per month. I pay $0 for my PCP, $30 for a specialist (I see 11), and $100 for the ER. I also get a card loaded with $65/month I can spend on healthy food and OTC meds, because I'm on the diabetes (don't have) and heart disease (have) PPO plan. I have had 4 surgeries and they have all been approved no problem, and my most expensive surgery, with a 2 might hospital stay, cost me $365.

[@richkuban2027]

Count yourself as fortunate so far. Many horror stories about MA. It boils down to it’s great until it isn’t. With a Supplement I can go to any medical provider (that accepts original Medicare) anywhere in the country without a referral. I currently use two different area suburban Chicago medical networks, one we have found is far superior to the other. And the worse one sent out a notice to all patients they will no longer accept Aetna Medicare Advantage. Do yourself a favor and do some research on problems with Advantage plan prior authorizations and billings.

[@BuzzRetirementGarage]

How are you on Medicare at 54?

[@kristy8731]

@BuzzRetirementGarage I'm disabled. I've been disabled since I was 45.

[@kristy8731]

​@@richkuban2027 What makes you think I didn't thoroughly research before making my choice? Stay in your lane.

[@BuzzRetirementGarage]

@@kristy8731 Ok. I was wondering if it was a typo. Thanks for clarifying! Buzz

[@nancywebb4676]

It's a nice feeling to finally get there so congrats. I wound up talking with an agent who spent over 3 hours with me going over ALL the plans, etc as I found the whole Medicare things really confusing. I wound up with the AARP Advantage Plan with United Healthcare...so far, so good. I had sinur surgery last year in a surgical center and wound up paying $285 which I considered a pretty good deal.

[@BuzzRetirementGarage]

You said it perfectly. The agent went over ALL the plans. Then you make the final decision based on what works best for you. That's the way to do it! Buzz

[@andrewwhite1968]

Plan G? Plan D? Plan N? What a bloody nightmare. I'll reconsider early retirement if all it means is going back to school for a Master's Degree in healthcare insurance. SMH.

[@BuzzRetirementGarage]

It's not that bad. Talk to an insurance agent.

[@MargaretGSmith-c1q]

My partner and I went with an insurance agent. I’m so glad we did, it can be confusing.

[@TeriRobinson-iq4ox]

My husband and I live in Georgia and we both have traditional Medicare plus a Plan G supplement with Mutual of Omaha. We are happy with the company but one thing our agent never told us is that when you originally sign up (and I think for the first 6 months), any company will accept you for a supplement plan without any medical underwriting. After that time, if you want to change companies, they will ask you medical history questions and they may impose limits/exclusions of coverage for pre-existing conditions or they could even decline to cover you at all. So it is important to choose a company that you will be happy with long term and one that is financially strong and is unlikely to go out of business. Few people reach age 65 without having some pre-existing conditions so this potentially affects almost everyone. So you're kind of a captive audience and have to hope that the annual premium increases are reasonable. We picked Plan G because we liked the peace of mind of knowing that once we reach the annual Medicare Part B deductible, we have no out of pocket expenses (except for occasional co-payments for drugs under our Part D prescription drug plan).

[@SomebodySaid...]

KZbinr Dr. Ed Weir says that insurance agents make the most money for themselves when they sell you an Advantage Plan and that they make the least amount of money when they sell you Plan G. He also says that Plan G is sold to you for a set amount no matter what insurance company is selling it to you.

[@SpectralightPhoto]

Buzz, thanks for your insights. If we only knew what our health was going to be in a given year, the Medicare plan choice would be so easy. Anyone have a good crystal ball I can borrow?

[@BuzzRetirementGarage]

Did you see my gift idea video? I saw your pic and story in yesterday's PD.

[@SpectralightPhoto]

@@BuzzRetirementGarage I did see your video. I liked and commented on it. Thank you for highlighting my photo restoration work!

[@bigjohnson7415]

Excellent information. I have about 21 months till I turn 65. It seems to me, alot more people may be talking Advantage plans due to the cost. Again, I think I'll be going for the Supplemental route, as from the limited research I've done, Advantage plans are really limited in options and location is really limited geographically. I could be wrong, but I'll have to cross that bridge when I come to it!

[@BuzzRetirementGarage]

I'm glad you're working on it, so you won't have any surprises when the time comes. Haven't seen you in a while. Welcome back!

[@wt9653]

I don't need to worry about it for 6 years. I'm 59 and retired. I'll replay the video in 6 years or December 21st, 2031. Hey, Your US General is the same as the last video from a couple of days ago. Harbor Freight is having a Black Friday Sale. You need to jump on that and get yourself a gift from the US General.

[@BuzzRetirementGarage]

In 6 years, it may all be different. Who knows. Funny because I was at HF last week and saw a nice black US General but I kept on walking. Lol

[@corihulet739]

I watched the Retirement Nerds video for Montana, the other day, and he helpfully pointed out how Advantage plans aren't the best in rural areas like ours. We don't have any real big cities/metro areas in the state, but we don't even live very close to any of the not so big cities. Heck, we're an hour from the nearest Walmart. I was already leaning toward a supplement plan, but the rural angle was something I hadn't even considered. At this point we're thinking the best bet for my husband is the high deductible G plan. He goes to the dr. every 2 years for his DOT physical and that's about it. I'm split in my opinion between that and the N plan, but he prefers saving money up front and if something came up where we had to pay that deductible, it would be a minor regret but nothing that would set us back too much. As for me, I won't be eligible for Medicare for 8 more years so I'm figuring out an ACA plan. Hubby's got about 30 days left to work!

[@Theretirementnerds]

Appreciate you watching the Montana video :) So beautiful there.

[@corihulet739]

@Theretirementnerds We feel blessed to live here even if we have to drive long distances to get anywhere. We are in the southwest part of the state. Thanks for providing such great information!

[@BuzzRetirementGarage]

I'm glad Erik helped you out! Tell your husband congratulations on his "almost there" retirement. A high G would cost me $540 less but you will have to pay $2,700 for 2024 before everything is paid for.

[@karendjohn8803]

Today, I just canceled my Obamacare to the end of the month. My Medicare starts Dec 1st. I went with an advantage plan (PPO). My husband has been on one for a few years with no issues, & he’s had some major health stuff happen. Everyone has different situations so insurance isn’t a one size fits all. Tough decisions to make!

[@BuzzRetirementGarage]

I agree, it's really tough to decide what is best for each person. Costs and situations are different. Buzz

[@jamesp.7496]

It’s a lot of research. Doing that now for my wife. As of now it’s plan regular plan G medigap plus dental and optical. Not sure which dental or optical yet. And a drug plan For me Advantage plans are cheap but your off Medicare I’m getting the best for both of us when we need it since I can’t afford it now. ❤️🌵

[@BuzzRetirementGarage]

I think you're on the right track.

[@JBoy340a]

I have been very happy with Traditional medical with supplement plans. Currently on G with add-ons for drugs, etc. When we looked at advantage plans there were too many restrictions on which doctors we could go to, what they would pay for, etc. Our cost is more on Traditional Medicare versus Advantage plans, but I have had enough with the insurance company coming between me and the treatments my doctor can provide plus the whole out of coverage area issues.

[@BuzzRetirementGarage]

I don't like getting a permission slip from the insurance company to get what my doctor says I should get. I'll go with N and be happy.

[@RetiredLovingIt]

Glad you didn’t go for Medicare Advantage Plan. We are pleased with our supplement.

[@BuzzRetirementGarage]

I could have tried Advantage for the 1st year then went N without underwriting but why fool around?

[@davidfolts5893]

No Excess Charge in Ohio allowed for Plan N,smart choice, Buzz! When you go off ACA, be sure to notify them the day before you start Medicare, very important.

[@BuzzRetirementGarage]

Good thinking but I already got my cancellation notice from Medical Mutual. They don't want me any longer. Lol

[@davidfolts5893]

@ Ah, yes. Since you begin in January for Medicare a notification is not required because there is no ACA in 2025.🎯

[@Barbiedoll1959]

I signed up for Plan N in February and Wellcare Plan D!!! My husband is on a Plan G, but not sure how long we can afford to stay on these plans. My understanding is they go up every year as you get older. I don't want to go with the Dis-advantage plan, but might be forced to in the future. My husband goes to his Chiropractor at least once or twice a week and he got a gym membership and uses that 3 or 4 times a week. Plan G made sense for him. I on the other hand do not like doctors and Plan N was OK for me. Florida is one of the highest States for supplement premiums. Maybe we will move back to Michigan soon. LOL

[@BuzzRetirementGarage]

Always good to bounce those ideas off an insurance pro. Thanks for the comment!

[@miked5728]

Plan N here too... With WellCare Plan D for drugs. No monthly premium here in Michigan (In my zip code..) for WellCare D plan.

[@BuzzRetirementGarage]

Sweet! Thanks for the comment. Buzz

[@billlock77]

Ohio here too Buzz ! One thing about plan N is lower price increase ! Been on plan N for 3 years and it has stayed $88 a month for 3 years . Cant say that going to happen next year though .

[@BuzzRetirementGarage]

My wife's plan N actually went down a few dollars. I had to read the paperwork twice. What goes down in cost? Nothing. Lol

[@oleradiodudea.m.4735]

Interesting video. Here in Minnesota the market is very competitive. Over 60% of Minnesotans buy advantage plans. We do and it pays all our annual dental costs with no deductible and provides $300. per year for over-the-counter drugs and lots of free groceries. Most drugs are zero co-pay. Our premiums are zero dollars each.

[@BuzzRetirementGarage]

What's your out-of-pocket deductible?

[@oleradiodudea.m.4735]

@@BuzzRetirementGarage Max in any year is $2800. in or out of network. Free vision and hearing too.

[@BuzzRetirementGarage]

@@oleradiodudea.m.4735 Not bad. Not bad at all!

[@dublinbluetune]

Good choice. Plan N does not cover Medicare Part B excess charges. Plan G does. However, in Ohio, doctors are not allowed to charge Part B excess charges. Having the best plan gives you peace of mind, which I feel is well worth it. Also, my agent told me that the commission for them is higher when they sell a Plan C Advantage plan. The fact that your agent didn't try to push an Advantage plan on you, tells me he's working in your best interest-not his.

[@BuzzRetirementGarage]

I neglected to mention the excess charges that could occur but again, every state has it's own rules. You're correct, Ohio is one that doesn't charge the excess. Great point. I appreciate your comment! Buzz

[@TheFtm22]

We aren't near this age yet, but my husband's company offers a supplement when you hit Medicare age. I'm certain it will be very good since the insurance is very good right now. But we have several years to wait.

[@corby6956]

We have learned a lot from caring for our parents for the last 10 years. My mother-in-law has lived with us for about 3 1/2 years now. She is on original Medicare with a “Medigap” plan through Blue Cross. My parents were on an Advantage plan (commonly called Medicare part C) through Humana which, according to the brokers around here, is the best one to go with. Both my parents and M-I-L’s plans paid very well but her Blue Cross Medigap plan is very expensive. I’ll be signing up in January and am leaning towards the Humana Advantage plan but will visit a broker I’ve been referred to first to make sure.

[@BuzzRetirementGarage]

My MIL and FIL had an Advantage Plan that was an HMO and they liked their doctors, so it worked out for them. They were paying $60/month each which gave them a lower deductible. What I didn't like was my FIL broke each hip at different times and being in his 90's they kicked him out of the rehab nursing home after 30 days and he really wasn't ready. It would have been somewhere around $300 a day for him to stay. If he had an F plan, I think he could have 100 days stay before paying. Water under the bridge now. Buzz

[@jimlangdon6703]

Just remember that with advantage plans the insurance company has the final say in your health care. That’s what they won’t tell you in all the commercials you see for advantage plans. And we all know how insurance companies work. With medigap your doctor has the final say. I’d rather pay for peace of mind with my medigap

[@jeffmooney9429]

Thanks for the info. I'm in the Cleveland area and my plan G has gone up to $152 and will probably go up in 2025. I'm going to ask my agent about plan N. I can do a lot of golfing with the money that I would save. My mother had an advantage plan. When the hospital wanted to send her to rehabilitation, they said she could go to Mt. Alverna. ( it was where my Mom's sister was). Her insurance wouldn't let her go there. They sent her to a dirty place in Parma Hts and Mom didn’t last 2 days. Get a "letter" plan if you can.

[@BuzzRetirementGarage]

I just met with a financial guy this morning and he said that rates are also affected by your income. I didn't know that. My MIL and FIL both had an HMO through Medical Mutual. There were a handful of rehab places that they could go to. They ended up in the Seven Hills rehab on Rockside.

[@keith-pz3uj]

I have two years before I can sign up for plans!

[@BuzzRetirementGarage]

You'll get there!

[@myvenusheeler]

I was on three different Plan G supplement insurance plans over seven years but tired of rate increases every year, so I switched over to Plan N last June. Almost $100 a month is savings alone in that move. At 72 I am still very healthy and had no issues passing underwriting switching G plan insurers or my move to Plan N. As far as Advantage Plans go, I would only suggest those to the broke, cheap, or in the right circumstance, if you were retiring from a Mega Corp. that offered an Advantage Plan as these are generally superior from what is commercially available. Don't get cheap with your final years of life with your chosen medical insurance please.

[@BuzzRetirementGarage]

My elderly in laws di ok with their HMO advantage plan but the 30 day rehab before paying $300/day was tough. 100 days, which Medicare offers, would have been better. Buzz

[@ohioken1]

I also went with Plan N, at 65 my premium is 92.00. If you don’t sign up for a supplement at 65, you would have to be subject to underwriting. This costs less than Plan G. But higher than the free advantage plans, but maximum out of pocket will be lower when health issues arise. The premiums will go up every year, so be prepared for that.

[@BuzzRetirementGarage]

Yep, it's a role of the dice. I've had cancer before so I don't need an insurance company telling me what I can have and not have.

[@masterlee4370]

The high G deductible for 2024 is $2,800. I will never recommend an Advantage Plan if you can afford a supplement plan.

[@stevemaggs6781]

That's the high deductible Plan G. Mine goes by the Medicare deductible. Once met, my medigap plan pay the rest of the Medicare approved amount that Medicare did not pay. For 2025 this deductible is $257.

[@chrisw6337]

I only have insurance because I work in CA and they bite hard with penalties if you don’t. Since turning 65 I have been inundated on text, email, phone, snail mail but none of the options are as good as the 100% funded work plan so I have kept out of the letters and advantage plans for now. I was way too impatient to do what you have so thanks for the leads.

[@BuzzRetirementGarage]

CA has different rules it seems, and I don't know anything about the options there.

[@JBoy340a]

When you do have to make a choice my advice is think long and hard before selecting any Advantage plan.

[@mmabagain]

I will turn 65 in September '25 and plan to go with the high deductible plan G. I have a fairly large HSA balance so don't mind the large deductible. The monthly premium is about $40.

[@BuzzRetirementGarage]

That will work especially if you have the HSA. Buzz

[@oldwentzvilleguy5435]

I would like to thank all the men and women who have served. I have been on a Advantage plan for the past ten years and it has served me well.

[@BuzzRetirementGarage]

Thanks for the comment my friend!

[@Montbound1]

Buzz, I just switched from Plan G to Plan N. My Plan G had gone to $198/month, my Plan N is $111/month (age 69 in NC). From what I understand about Plan G is that when you move from your employer insurance to Medicare and you decide on a Medigap policy, Plan G, has to insure you without any medical review. Hence more people with medical conditions that go on to Plan G have more claims and the rates rise more per year. Plan N, I had to answer medical questions to get approved. Plan N does as you say require a co-pay for Dr. office visits and does not pay excess charges.(I usually go to the Dr office 1 time a year for the Medicare check up). All the information I've have seen about the excess charges are that is is very rare that medical services charge excess charges. My Plan D with Wellcare also went to $0. I think the insurance commissions are made on the Medicare Advantage plans of the Medigap letter plans.

[@BuzzRetirementGarage]

I never heard that about the medical questions for plan N. Interesting. Thank you for the comment! Buzz

[@richkuban2027]

The first time you sign up for Medicare there are no underwriting questions regardless of the plan. In most states after that there will be underwriting questions to apply for a plan with another company. Some states have no underwriting when making a change.

[@miked5728]

"It's Free..." Yes, most people don't realize that the Medicare supplement insurance agents work on commission. but they are paid by the companies, NOT the customer. Also, Medicare Advantage plans pay the agents MUCH MUCH MORE in commissions, which is why many agents push those plans over supplement plans.

[@karendjohn8803]

As in any sales position, I’m sure some do push the advantage plans. Our insurance person, went through each plan, advantage vs the letter plans. Told us all the advantage & disadvantages of each, but didn’t push us one way or the other.

[@billb945]

Skipping out on Part D can be a bad idea as the penalties accrue by month, not by year. Sucks to be paying into a meds plan when you use $0 meds but that's the socialist way. Join soon and keep your rate low. I travel a lot and an Advantage plan can be a PITA. depending on where I go so I'm sticking wiith the standard Medicare.

[@BuzzRetirementGarage]

Luckily the Plan D through Wellcare stayed at zero monthly cost.

[@traymer]

Medigap Plan G covers Medicare Part B excess charges, while Plan N doesn’t. If a health care provider is legally permitted to charge more than Medicare’s approved amount and does so, what’s left over after Medicare’s approved amount is an excess charge.

[@BuzzRetirementGarage]

Correct but in eight states including my state of Ohio excess charges are not permitted. Also, Brian from Medicare 365 put out a video today about N and G and said he's not heard of anyone charging the excess fee. Thank you for your comment. I appreciate it. Buzz

[@threeftr3349]

If you are going to a health group of doctors, or a hospital it's all or none for excessive charges. They don't allow one in the group to do excessive charges. Also Medicare penalizes those those who do excessive charge. So the doctor don't get the full 15%. They have to bill you directly, they cannot go through Medicare to bill you. Check those in private practice, physiologist, psychiatrists etc. Simply ask every every new doctor before you see them. Also check all forms signed as a new patient as well. Private practice can also be private pay as well. Meaning they don't accept any insurance.

[@BuzzRetirementGarage]

@@threeftr3349 Excellent comment.

[@TheTak135]

We are going on Medicare in March it’s so confusing🤯, I think we should have to make these huge decisions by age 62, when we hopefully have our our marbles🤣 what’s your total you will be paying in 2025? Please do a video on advantage plans, We live in Wadsworth Ohio 😊

[@BuzzRetirementGarage]

You'll get a Medicare book in the mail and in the back, it will list most if not all of the Advantage plans in your area. You'll probably get it in December or January. So, for me and my wife, $185/each for B. No way to reduce that one. $92/month for plan N. Drug plan zero monthly cost this year. I'm working on dental and vision costs. When you get your book, read through the plans and then google them for specifics. An insurance broker would be worth talking to.

[@oldbloke204]

Our system here is so much easier. Citizens are all covered by Medicare and it's paid for by a small tax on everyone who is working/paying tax. This is the public system and treatment is mostly free. The other system is the private system where you pay for health insurance, which can be quite expensive, and can include extras such as Dental, Optical etc etc. The issue with the public system is that you may have to wait quite a while for treatment for things they deem as elective and waits for things like a knee replacement can take quite a while. Going private will likely mean you get treated much more quickly. My wife had a back op. a few years ago and was booked in to have it done at a very nice private hospital within a few days.

[@BuzzRetirementGarage]

Good and bad in each country. No perfect system just yet.

[@jackieh1206]

Hi buzz. So can you tell me exactly what you are getting?

[@BuzzRetirementGarage]

Plan N with Cigna.

[@stevegorkowski3246]

Like I told BUZZ we don't have letter plans in Wisconsin Mine is like a N plan but you can get a plan that has more like features like 365 times a year home nursing care over the 100 visits the standard plan give you. Buzz for example said high deductible plans don't work for him. I was looking for a high deductible for me. Sadly Wisconsin doesn't have it. Why would one have a high deductible? The premiums are low and I have a large health savings account that grows over $3000 a year. Premiums can't be paid from a health saving account but deductibles can be paid out. The best thing to do is find a plan that works for you.

[@BuzzRetirementGarage]

You make a good case for High deductible G. The HSA definitely helps!

[@stevegorkowski3246]

@@BuzzRetirementGarage The tipping point for the plans I was if I went over the deductible 50% of the time each year.

[@flexjay87]

I signed up for plan N also, its the higher deductible version, cuz i don't mind paying Co-pays if my monthly payment is lower.

[@BuzzRetirementGarage]

Out of pocket deductible is the same for both G and N plans. $257 for 2025.

[@flexjay87]

@BuzzRetirementGarage , are co-pays different than G plan though ?

[@BuzzRetirementGarage]

@@flexjay87 If I understand you correctly there is no difference. G covers doctor's office visits fully. N does not. With N you pay up to $20 per visit and a possible excess charge depending on state you live in. I go to the doctor twice a year for medication updates. $40 total. If I had chosen plan G I would have paid $400 for those same two visits.

[@markbajek2541]

@@BuzzRetirementGarage like you mentioned the HI deductable plans aren't that good of a value , you'd probably be better off looking at advantage plans , where some offer basic dental (if you can find a dentist that take it) maybe $50 bucks a month towards OTC pharmacy stuff like metimucil , vitamins etc. silver sneakers, and I've seen a few that offer a chunk of cash to reimburse you for your monthly medicare co pay. IF you get sick on any hi deductable plan , you're gonna have to cough up $2K or so before any coverage kicks in.

[@arlenesipple8138]

Glad you got it sorted out to your satisfaction. Personally, an advantage plan has been best for me the past ten years.

[@BuzzRetirementGarage]

Some people do like them!

[@PJMat]

I have the AARP Medicare Advantage from UHC FL-0018 (PPO) with United Heath Care. It's a pretty good plan, but, I have a question on the dental coverage. They have a $1000 allowance. THis covers cleanings but not much else. In my area (Florida), Aetna offers an Aetna Vital Savings, which is not insurance but a discount program. Does anyone know if I can enroll with this plan and use it once the $1000 UHC allowance is spent??

[@JeffLivingston-mq8nk]

We have United Health Care in FL and don’t pay anything. In regards to the dental, it covers cleanings and X-rays. My wife had a crown and didn’t pay anything. If you have any questions your dentist should know or call United Health as they are always helpful. You can always ask for a pre determination on any out of pocket expenses. Their ins guide is also very helpful.

[@PJMat]

@@JeffLivingston-mq8nk Thank you for your reply and information. I check my plan on their website and it is as follows: Benefit summary Routine dental care is important to your teeth and overall health. Your plan includes preventive dental services not covered by Original Medicare. Plus, access to one of Medicare Advantage’s largest dental networks and the freedom to see any dentist you choose. Seeing a network dentist may save you money. Annual deductible $0 per year Preventive and diagnostic services For exams, X-rays, routine cleanings and fluoride treatments from network providers. $0 per year I notice the $1000 allowance is now longer indicated (it is listed in the 2024 summery). This year (2024) I paid out about $3000 for crowns. Since no maximum payout is listed for 2025, does it mean it no longer exist?

[@pickandstrum]

We took the N plan when we went on Medicare and I have had 3 major surgeries in one year and between normal Medicare the plan N supplement everything has been covered I do have friends who are on an advantage plan and it works for them, but none of them have had any major medical issues I think if your healthy an advantage could work for you

[@BuzzRetirementGarage]

Agreed. Thank you for the comment. Buzz

[@billgreen4148]

Odd person out here I have had AARP Medicare Advantage the last 3 years. No issues so far. It is whom the state people that my wife and I visited 3 year ago recommended. It is with UHC whom my carrier was when I was employed as well. I am not sure what all the negativity is about in regards just my experience so far.

[@scota73]

My hubby loved his UHC til this year, a visit to the ER showed heart and prostrate issue, some copays are high. So far the visit has cost about 1000 so far and he has an expensive test tomorrow. Still needs another specialist visit as well

[@bigdog71717]

Advantage plans are great if you are generally healthy and don't travel within the U.S. much. When you begin having health problems and need treatment(s) is when people start seeing the downside of the advantage plans. You are putting decisions about your health and needed treatments into the hands of a for-profit company and thus you're likely to run into more obstacles of getting treatment plans approved. You save now, but pay more, and have more difficulty getting treatment in later years with the advantage plans.

[@BuzzRetirementGarage]

In 2024 54% of people had an Advantage plan so you're definitely not the odd person.

[@markbajek2541]

Depending on the person and frailty, If you need physical therapy or chiropractic or both which can be multiple visits you might break even on G assuming you sprinkle in a GP twice/4 times a year, cardiologist probably 2 a year , opthomologist once, maybe some other specialties initial visit then a followup or two but , just normal average doctor visits for a mildly healthy person probably wouldn't get you there , although I've seen folks go to PT months and month on end 2 visits a week especially stroke and even some pelvic floor PT , same thing with chiro 2 visits a week for months. So those folks...it's peace of mind that everything is covered "Carte Blanche" style., I think G covers excess charges (if some doctor goes higher than standard reimbursement) and N doesn't although that's pretty rare.

[@BuzzRetirementGarage]

As one gets older, to your point, the visits may increase. Fortunately eight states including my state of Ohio do not allow excess charges on plan N. Thanks for the comment! Buzz

[@threeftr3349]

There is no excessive charges allowed on Plan G.

[@sher1978]

I watch KZbinr Dr. Ed Weir.. All things Medicare and more. It won’t let me share his KZbin channel here.

[@BuzzRetirementGarage]

Yes, I watch him too.

[@ZXC_ZXC1]

I didn't realize Medicare released the 2025 premiums Friday. What is the difference between an Advantage Plan and Supplement? I assume a supplement is known as MediGap. The problem with an HMO versus standard Medicare B is that they require a referral to see another Dr which is a problem in an emergency. It might be cheaper but it could be bad if you need a second opinion.

[@BuzzRetirementGarage]

Advantage Plans sometimes need referrals and pre authorizations which I'm not a fan of. Sticking with Medigap (supplement) is best for me. Buzz

[@larsleon8839]

Thanks for the interesting comments. Food for thought. I'm new to this --- isn't there some issues related to "Advantage" plans and what they will cover? I was thinking they are much more stingy on what they will pay for. Our local hospital has dropped taking two Advantage plans because they have turned down noticeably more needed healthcare actions.

[@BuzzRetirementGarage]

I don't want to be the one that is negative towards any plan. I suggest doing as much research as possible. Have I heard some of the things you have? Yes.

[@LindaDiD]

I have Aetna PPO for 7 years and had no problem. I have no co-pay to see the regular doctor but specialist doctor is $35. Like Buzz says it depends what state and city you are in. I am Jacksonville, Fl and have no problem with anyone taking the plan. (Mayo Clinic is here BUT they do not take any advantage plans.) I think the cons for the advantage plans are if you live in a rural area. Then you are limited on doctor choices. You do have a higher deductible. The letter plans are great but in addition to the $174.70 you will pay more per month like Buzz said. In conclusion (LOL) if you live in the right area and are not sickly the Advantage plan could be your choice! Good Luck!

[@BuzzRetirementGarage]

@@LindaDiD Great summary.

[@gregcampbell4467]

You tell folks that under Plan G, you can go as often as you need to medical providers without the little co-pay compared to Plan N. It looks attractive to some folks. Plan G is the most popular by a noticeable margin. The plans cost to subscribers is also rising faster than N over time.

[@BuzzRetirementGarage]

You're right. That's a good point to consider. Buzz

[@ramonal2205]

After a ton of research, I bought Plan N for 86 a month with part d drug for 28/mo starting in January because my current part d plan is being cancelled. Plan N would of been 134/mo in my state zip code

[@BuzzRetirementGarage]

Did you look on Medicare.Gov to make sure that drug plan is the cheapest available?

[@whatadayrose1244]

Just starting my research, I also turn 65 in January 2025. I am still working full time can't retire at this time. Not sure if I am required to sign up for Medicare even though still working? I have good insurance through my job, but don't want to be penalized for not enrolling in Medicare. Or is it better to sign up for Medicare and then drop my insurance through work?

[@ramonal2205]

check with an agent, I think your work insurance has to comply with the changes to the drug coverage (inflation reduction act now capping MOO for drugs to 2000 a year) and if not in compliance they end up penalizing you later when you sign up. That's the only thing I'd check on.

[@BuzzRetirementGarage]

Where i worked, when someone turned 65 they enrolled in Medicare and Plan G and D then the company paid any monthly premium costs that were over and above what the person would have paid at work. It helped the company because doing that lowered the company's premiums.

[@wuddayameen]

Brian @ Medicare365 is out of Tampa though you can't tell by his (Philly?) accent.

[@BuzzRetirementGarage]

For some reason I thought NJ. I talked with him 2 years ago and maybe his number came through as NJ? I don't remember but you're right, it's Tampa. Buzz

[@jimowens381]

I always hear so much negative about advantage plans but I've been on one for nearly five years and never had a problem. There's no monthly premium, I don't pay for prescriptions, they cover my gym membership, give me bonus money for working out, and give me a quarterly allowance for over the counter meds. They pay 100% for my regular doctor visit and do a home visit 2x a year with a nurse prac. All for free to me. What's not to like?!?!? I also forgot to add that the advantage plans also include dental, vision, and hearing. I don't think any regular Medicare plans offer those coverages

[@richkuban2027]

My wife and I underwent underwriting to change Supplement companies after increases to our Plan N. We went with Cigna too the first of the year since their premiums were significantly lower. Please be informed that unfortunately Cigna’s Medicare Supplement book of business was sold to Blue Cross Blue Shield in spring this year. My broker was not aware until I informed him. BCBS has usually been one of the higher premiums for Supplements in our area. As a result, I suspect Cigna’s premiums will be increasing in the near future.

[@BuzzRetirementGarage]

I didn't know that!

[@BuzzRetirementGarage]

54% are on an Advantage Plan. It can definitely work to your favor. They key is for example if you have $5,000 deductible and you meet it in November and have the same issue in January you could be out $10,000 very quickly. I think that's a rare scenario but could happen. With G or N your total for both years (2024 and 2025) would be $497. Everything in life is a gamble, I guess.

[@lawrencenachtrab735]

Do the letter plans offer dental and vision or do you gotta buy those separately thanks 😊

[@skydancerforever]

There seperate cost wise.

[@BuzzRetirementGarage]

Separate as Skydancerforever mentioned. My wife has Delta Dental for $46/month. I'm looking into that and maybe another plan. I like plans with a $2,000 cap. Most are only $1,000. I'll do another video on what we decided to go with.

[@von6437]

Are you going to self insure for eye and dental

[@BuzzRetirementGarage]

I have a plan but I didn't want to add it to this video. I'll do a separate video and describe what we're doing with dental and vision. Thanks for the question!

[@angelawatkins2637]

I bet you are relieved to get all that figured out! I am continuing to see that Angela is paying out the wazoo for husband's plan!!!🙄He is on the old F plan. lol Plus drug plan. I wouldn't know these things if I didn't watch BUZZ'S Retirement Garage! Plus I received my new filter in the mail today and installed it!

[@BuzzRetirementGarage]

I'm glad you got that filter replaced! I bought a 4-pack at Sams last week for $40. I didn't wait for a sale. There may not be much you can do with the F plan but call one of the insurance agents near you and see what they can do. Buzz