Medicare Supplement Plan N Goes Up In Price Slower Than Plan G

[@TheMedicareFamily]

Let me know what you think about the video in the comments below! Get my FREE Cheat Sheet, Workshop, and other tools here: linktr.ee/medicare.mama

[@nerkymusselman8843]

i’ve commented twice and both comments disappearred one minute later. it can’t be because i post a weblink, other notes have links. what’s up?

[@Ludi8153]

I always learn so much from you. Thanks for the info!!

[@maximumoverload5134]

​@@nerkymusselman8843 KZbin suppresses your freedom of speech!

[@retiredandroaming]

You do NOT pay $20 every time you go to a doctor, you pay UP TO $20 every time. It may be much less than $20. $20 is the maximum you would pay.

[@steves3688]

One of my regular doctors writes it off the $20 copay....

[@bobbieriales8764]

Exactly!!

[@bobbieriales8764]

​.

[@tomm7505]

I turn 65 in April 2024 and I'm already signed up for my Plan N Supplement. I live in TX and from my research, I'm not at all concerned about excess charges. My goal was to get the best rate from a good company.

[@brendapeterson4637]

Just got my N plan this week ! No excess charge because I live in Pa. I did alot of homework on medicare before getting signed up. Thank you to all you for your help.

[@TheMedicareFamily]

That is awesome!

[@headlibrarian1996]

Many of those high dollar specialists you can’t control. If you have a surgery scheduled you don’t get to decide who is assigned to be your anesthesiologist, nurse, or surgical assistant. In many cases you don’t determine who the surgeon is. You can be blindsided by excess charges and I’m not sure how to prevent it.

[@generic_official]

You can prevent it by traveling to, or perhaps moving to one of the states mentioned in the video.

[@wayneguy6043]

Just get plan G, case solved

[@shanewhittemore]

Great Job explaining the difference!!!

[@christopherhennessey8991]

I really appreciate the good information you provide.

[@TheMedicareFamily]

So nice of you❤️❤️❤️

[@tpack670]

Great presentation. I just chose Plan N for the first time. I think it will save me big bucks over the next 10-15 years in premiums.

[@paulclark4891]

My wife and I both went with a plan N, the monthly cost for both of us over the G plan, saved us $900.00 for the year. Also not all dr visit are $20.00 we have several that we pay only $14.00. Also we live in PA so no excess charges.

[@greyholcombjr.9623]

Plan G is now the guarantee issue policy. That will have affect demographically on premiums. The small copay With N helps to reduce premiums. Excess charges are extremely rare. Not a concern for me in NC. I'm 100% sold on plan N.

[@headlibrarian1996]

Are you saying N isn’t guaranteed issue?

[@greyholcombjr.9623]

@@headlibrarian1996 kzbin.info/www/bejne/fqPGiZ9sZpmdqZI&pp=ygUWc2VuaW9yIHNhdmluZ3MgbmV0d29yaw%3D%3D

[@RonMac08]

@@headlibrarian1996 Plan G is the guaranteed issue if one is coming from a Medicare Advantage plan to a supplement plan. Plan N is guaranteed if you get it within 6 months of starting Part B.

[@patcline2298]

Since Covid urgent care and telehealth also now charge copays. Also It's up to 20$ not a flat 20$ and if you go to the emergency room and are admitted the copay is waived.

[@robertjohnson4401]

This answered all of my questions. Thanks for the video.

[@ChiY327]

I only pay a copay at a few specialists, such as dermatology or ophthalmology. The rest of the Dr’s visits do not charge a copay. I use Northwestern Medicine Chicago. No Dr there charges excess charges.

[@jpearce18]

I’ve been watching you on TikTok and really enjoy your presentations. Thanks for the info, are you licensed for PA I will be signing up next year.

[@newguy6935]

Very helpful. Thank you.

[@garys585]

There was no mention that for a given supplemental insurance company if medical underwriting is an industry norm for moving from Plan G to Plan N within that company..

[@Shortie5-1]

Your right.

[@greedygamblerslots]

Just switched my Dad over to a Plan N. He’s in KY and travels to Indiana quite often for family visits. When he visits us in IN he’s technically over 100 miles away from his house in KY to our closest Hospital. I think it’s like 115 miles from each address. Am I right that he’s not covered? The travel on plan N had me worried

[@geralddonnely9844]

As long as the Dr. he sees takes Medicare, he's covered.

[@tomm7505]

Original Medicare with ANY supplement plan gives you coverage everywhere in the USA. Any doctor who accepts Medicare will take your Medicare and Supplement. That's the beauty of Original Medicare: NO networks.

[@Nancy-xb6wh]

In CT, doctors can't charge the 15% excess, but can the hospitals

[@jennifermorrison4970]

No network is a huge deal, does that apply to out of state as well?

[@geralddonnely9844]

Yes, as long as they accept Medicare.

[@rb8748]

Can you switch from a plan n to a plan g if you start going to the dr more often?

[@steves3688]

Depends on your state...

[@mimi1o8]

Underwriting is required and the insurance has the right to say We don’t want you 🫤

[@kenpoulin6672]

I understand that it is up to 20 and up to 50, but usually it is lower. And if you are admitted at the emergency room no 50 dollar charge.

[@JanHigginbotham]

Thank Youso much for this info an N!

[@JeanPierreWhite]

I agree that plan N is the better choice for many people. I will take exception to one thing you said. You indicated that sicker people may find a plan G cheaper because they avoid the $20 co-pay or excess charges. While this is true it's only true if you visit the doctor twice a month or more. As time goes by because the rate increases are smaller on plan N the number of times you can visit the doctor until you reach that break-even point keeps going up. Here's an example If Plan G costs $140 today and plan N $100, you can see the doctor twice per month on plan N and pay the same as plan G. Later in your retirement let's say both plan G and plan N go up 100% due to medical inflation. No Plan G costs $280 and Plan N $200. Now you can visit the doctor 4 times per month on plan N rather than plan G which is the new breakeven point. This will probably not happen because plan N rates go up more slowly so it will probably be even *better* than the example I gave. If lan N only goes up 50% in the same time period then we are comparing $280 to $150. 6 visits to the doctor each month and plan N is cheaper. Even sicker people are typically better off with plan N. The key here is if you are a sickly person when you turn 65, choosing a plan at 65 may end up being a lifetime choice. It's important for sickly people to pick the best plan at 65 since they may not have the option to switch later if they make an error of judgement.

[@scottb6269]

Good analysis. The one exception from your example is that the co-pay amounts will also increase. Maybe you took that into consideration?

[@JeanPierreWhite]

@@scottb6269 They could. I don't think the co-pay amounts have increased since Plan N was introduced, so while it can't be ruled out it's unlikely. Several of the copays I have paid have been in the $14 range, it's not always $20. It's a percentage which is capped at $20.

[@eyefocus2]

What if you go into hospital for surgery and during your stay you get visited by 2 drs daily, do you still pay $20 per visit?

[@TheMedicareFamily]

You only pay the hospital copay for EVERYTHING that happens in the hospital.

[@RonMac08]

My wife had open heart surgery to replace an aortic valve. The total bill was $207,000. Our part of the cost was $280, the rest of part B deductible, and several office visits before the surgery. Plan N (and G), pick up the $1600 hospital copay.

[@yeahright532]

It's $50 a visit in the hospital.

[@RonMac08]

@@yeahright532 We paid nothing for visits to her room. She had at least 5 a day, not counting nurses or nurse assistants. She had doctors, PAs, NPs, and DPts, (DPt is a Doctor of physical therapy).

[@wayneguy6043]

@@RonMac08this makes no sense…..u have plan G and N?

[@cobaltbroker]

Does the excess charge only apply to the MD charges? What about diagnostics? Blood work, MRIs, etc.

[@DanielNelson-w7p]

Two incorrect statements were made. The first was "you will pay a $20 copay when you go to a doctor". This is a commons mistake. $20 is the max you will pay. You will pay 20% of the bill or $20 which ever is the lowest. I believe the average doctors bill for someone on plan N is about $14. Likewise the assertion that you will pay $50 for an emergency room visit if not admitted to the hospital is also incorrect. Again that is the max you will pay but often that amount is actually lower.

[@RG-hf4et]

Hardly any md's ever charge excess fees. I have heard too many agents say that.

[@RG-hf4et]

Can someone please tell me if there is a $20 copay for blood tests, ct scans, mri's, etc. on Plan N???? Thank you!❤

[@rickhensley2251]

I have plan N in Georgia, I travel to Florida and Texas quite frequently. Does Texas do the same as Florida when it comes to charging excess?

[@lorielundgren7169]

Excess charges aren't really a concern at all. I think it's like less than 2% of ALL doctors charge excess charges, even in states where they are allowed. And of that

[@WhittyPics]

We may be healthy today but who is to guess what our situation will be in 5-10 years? Only 2% of doctors charge excess charges today but who knows what the percentage will be in 10 years? We seem to be locked into what ever get for life if our health changes

[@TheMedicareFamily]

Very true

[@ItsMe-rr9nh]

Exactly, that’s what i’ve been saying. By getting plan N at age 65 with good health, it’s like rolling the dice as to what my health will be like in future years as I get older if my health starts to decline. The excess charges can be an issue in the future as Medicare always is looking to make provider reimbursement cuts.

[@badawesome]

@@ItsMe-rr9nh If the excess charges become an issue go on an Advantage plan

[@WigsGlam]

Thank you!!!

[@TheMedicareFamily]

You're welcome!

[@RG-hf4et]

Plan N saves you a ton of money OVER THE YEARS bc less people are on Plan N & the % increase is much less than G. I am on Plan G & just had open heart surgery & had no out of pocket costs. But I am switching to N. I go to the md a lot. The PERCENTAGE increase is LOWER THAN G. So what if u pay a bunch of $20 copays? You will still be paying LESS than G patients IN THE LONG RUN.

[@bruceeigsti5274]

But the Er fee will be waived if admitted to hospital

[@TheMedicareFamily]

Yes

[@chiuwong9268]

Does plan N available in California ? So far, $244 for B, $160 for D per month.

[@TheMedicareFamily]

Yes

[@dq7143]

Can someone on plan N flip flop to plan G without medical underwriting - or some kind of penalty?

[@TheMedicareFamily]

No

[@Nancy-xb6wh]

​@TheMedicareFamily what if you live in CT

[@bruceeigsti5274]

urgent care is $20 copay not free? with Plan N

[@angus6032]

UP TO $20. copay...RIGHT...if any copay at all? IT is a % of the visit UP TO $20. PLEASE CLARIFY - this is important!

[@larryhanson6674]

Up to a maximum of $20.

[@JS-xs5hq]

Plan N is not available in Alaska.

[@Ludi8153]

I am not afraid to offer plan N, however, I have noticed in a lot of cases plan N lately is so much more than plan G. Like by a LOT...its crazy..but you are saying because of the slow increase it might be worth it to pay more in the beginning..interesting.

[@TheMedicareFamily]

If more people buy it, that’s changes the book of business stability.

[@Medmann48]

If I get a Plan N can I eventually step up to a Plan G at some future date?

[@TheMedicareFamily]

Yes if you can qualify medically

[@wayneguy6043]

Does anyone ever really get hit with excess charges?

[@TheMedicareFamily]

yep

[@wayneguy6043]

@@TheMedicareFamily I mean in the 10’s of thousands…..not a couple hundred bucks…

[@wayneguy6043]

Everyone is a healthy person until they are not….😂 no one has a crystal ball….

[@dbl0fluff]

Do I need this if I already have Medicare A/B plus Tricare for life?

[@km-bo3zx]

No.

[@generic_official]

Over time, Which pricing is best? Community-rated Issue-age-rated Attained-age-rated

[@daviddoss2804]

I did research and believe the community rated plan has less of a rate increase over the years

[@bruceeigsti5274]

I'll def wint go to a Dr that isn't in Medicare And charge 15%

[@TheMedicareFamily]

You can control it!

[@JDT454]

Pa?

[@TheMedicareFamily]

Yes!

[@harveyh3696]

For the algorithm, A+

[@TheMedicareFamily]

What does that mean??

[@harveyh3696]

Really didn't have a comment but wanted to give you a 'credit point' to support your channel. It truly is A+! @@TheMedicareFamily

[@mauriz8120]

stay out of hospitals

[@TheMedicareFamily]

the best advice