Medicare Supplements: High-Deductible Plan G

[@sbe8544]

Honest agent . Some agent would convinced you to take advantage plan because the agent would make more money ( commission) if you get the advantage plan . This guy is honest

[@Kathleen67.]

Thank you.

[@sustainablelife1st]

i will definitely contact you in a few months (65 in june) Your website is awesome. Allows us to compare rates without haveing to speak to an agent, which I appreciate greatly! United American has a HDG for me at $31. that sounds awesome!

[@Savannah-ed4rv]

What about the deductible going up 15% since 2020?

[@gungadin6447]

This was one of the cleanest descriptions of HD plan G. Thank you.

[@STEVE-lk2ft]

Alert your viewers that not all companies don’t sell these high deductible plans and even tell you there is no such thing!

[@chumbawumba1959]

Hans, this was great. I had called in recently and asked about getting more info, this nailed it. As I am approaching Medicare age, very much wanted to lock into the pros/cons of G-HD plans. For me, my strategy will be to simply set aside $200/month into my own DIY health savings account. If need to cover G-HD deductible, it will be covered for the year in this way. Since I live in Florida, this is very much a no-brainer!!!

[@CardinalAdvisors]

Call me when you get close to 65. I’m licensed in Florida and the rest of the states.

[@sammencia7945]

Big health event will be $7k in a year for Advantage Plan C. Plan G is 226+ premium of $1600 HDG is 226 plus $2600 plus $600. HDG works if not have major issue every other year.

[@davec6724]

The deductible is now $2700 and will continue to grow with inflation. $210 increase in one year x 10 = 2100 is $4800 deductible.

[@thiagosantiro2327]

What are the best choices for those that move from state to state, it appears that the HDG may not be the best choice? If you have the supplemental high deductible plan G (HDG) in Florida and move to Nebraska where the HDG is not available what options are there? Also if you move from Florida to another state that does offer HDG how does your deductible factor in? If you had spent $1800 of the $2700 deductible in Florida and now move to another state and enroll in another HDG does the $1800 amount count towards the $2700 or do you have to start over with the deductible?

[@CardinalAdvisors]

You can keep the same HDG going state to state. The policy works both places. Part of the deductible in one state and the rest in another state is ok. Medicare is Federal. If you’re moving to Nebraska, the regular G is priced low there

[@thiagosantiro2327]

The billing by providers and facilities to the insurance company and the payout by the insurance company to those providers and facilities doing the billing may not be done in an orderly timeframe to track the $2700 deductible. Example is a patient has fullfilled the $2700 deductible by March 1st including a $1450 bill for services on March 1st. However that $1450 billed by provider to the insurance company for March 1st services is not paid by the insurance company to the provider until August 2nd due to delays caused by corrections to billing errors. Is that $1450 not factored into the $2700 deductible until August 2nd because it was not processed and paid quickly? If that is the case where the $1450 is not factored into the $2700 deductible then does the patient that had already paid out of pocket for their $2700 deductible by March 1st now has an extra $1450 to pay out of pocket until the insurance company pays out that $1450 to the provider? Is this correct or does medicare use the non-processed and not paid amount of $1450 billed on March 1st and factor that into the deductible on March 1st or is August 2nd the actual day that the deductible of $2700 has been met because that is when the payment of $1450 was made to the provider/facility?

[@masterlee4370]

What an awesome video! I turn 64 in October so I am getting close. I have watched a lot of videos which enabled me to want plan G. But this is the first video to talk about deductibles and pricing. You didn't just talk about it you actually broke it down and explained on my level making it so easy to understand. My son is "The Cajun Ninja" on You Tube and Face Book. He teaches Martial Arts, has his own cooking platform, his own "PI-YAHHHHH" Seasoning, coming out with a cook book in November, and a fish fry soon. His seasoning is in hundreds of grocery stores with more to come. He has over a million followers. I say all this because as someone who is getting older I am starting to take the medicare thing a lot more serious as I approach age 65. With that being said you should have a million plus followers too. You are that good in explaining it and breaking it down, but with that being said it does put me in the position of should I pay more now or pay more later. It is a good thing, but still a decision to make as I am in excellent health. So now I am thinking that maybe I could have that $2,490 deductible then getting the best dental, vision, etc. plans makes it even better. Just glad I have a year to figure it out, but "G" stands for Great, and it's the way to go for sure. Well I loved this video and will be checking out many more of yours. Great Job!!!!!!

[@BobbyFigliola]

Straight Shooter... Im a FAN... Thanks for the "to the point info"

[@randyjerrett3385]

Nicely done!!

[@wynetteabc]

Isn't it true that with the Plan G HD, you will only have to pay piecemeal of the $2490 deductible or the full amount depending on your usage of the health care system per year?

[@CardinalAdvisors]

Medicare Part B pays 80% after the $233 annual deductible, you pay 20% with no cap on the 20%. When your 20% adds up to $2490, HDG pays your 20% for the rest of the year. Medicare Part A has a big deductible and that counts toward the $2490. The answer is yes.

[@wynetteabc]

@@CardinalAdvisors Thank you so much!

[@mr.j2776]

Very good information. I plan on going with so called traditional Medicare later this year. A high deductible Plan G will be a great choice for me.

[@CardinalAdvisors]

I’m licensed in all 50 states and DC. Thanks Hans 919-535-8261

[@CarlosGunX]

The "high deductible" plans not only have a rising premium, but also, a rising deductible working against you.

[@bobmariano3731]

Great video & info Hans , I am eligible in June of this year & now living in Colorado , will be calling you on Monday ! Thx again 👍

[@KatieLibby1315]

Thanks for taking on the complicated topics and digging in.

[@craigmoesel4749]

I live in Palm Beach, one of the most expensive areas in the nation for Medigap plans. I didn't get on Medicare until age 71. After evaluating all of the plans I chose HDF United American. Both HDF and HDG were the exact same premium believe it or not, so going with HDF was a no brainer for me. United American offered the best price.

[@victorconrad2013]

As a silly question, I assume the Plan G rates posted are annual premiums? This G plan cost is in addition to cost of Part B?

[@CardinalAdvisors]

Yes G prices are annual and in addition to Part B costs

[@sz4179]

I dont think it was silly, i had the same question! Dear Hans,, thanks for responding !

[@karen-glennrichardson295]

So, this seems to be the best option for those who are without any co-morbid conditions and have the funds to pay the deductible if something happens. This is the information I needed.

[@juliamass7517]

Does Massachusetts offer Plan G high deductible plans?

[@CardinalAdvisors]

No. Mass is one of 3 states who don’t use the standardized plan model

[@marymacdonald2379]

Thanks, Hans. High deductible benefits healthy individuals the most, those who don't need many doctor visits or treatments per year.

[@robertjohnson4401]

To highlight what we saw with those numbers, the high deductible version is less costly overall even if you reach the full high deductible maximum out-of-pocket. The numbers in the area I live have the cost slightly higher with the Plan G high deductible if you reach the out-of-pocket maximum. But, on the average, you won't come close to the out-of-pocket maximum, so the Plan G high deductible is clearly the better plan. Especially true if you have an HSA with a significant balance.

[@yazminmojica4458]

Excelente presentación 👍🏼💯

[@donnalinke9914]

Hi..I turned 65 in june..I signed up for part a only as I have group coverage as I am still working .over 20 employees..company is being sold and new insurance is very high.my question is..I have till September 30 for my iep..so if I sign up for b before Sept 30..and mail in the csm20b form before Sept 30.can I state when I want b to start.as I don't want to be retro billed from June 1st..I want it to start Sept 1st..and then I will drop group coverage.thank you

[@CardinalAdvisors]

You can try to sign up for B online. Medicare will start your B either July 1 or most likely August 1.

[@donnalinke9914]

Hi Hans..I am in New Jersey..if I enroll in g high deductable and move to another state can I still use this plan..is this available in all states in USA..if so..does the premium go up if you move .if not do you have to re enroll in another plan and be subject to underwriting?..thank you

[@CardinalAdvisors]

Donna Once issued, a Medicare supplement policy, is “guaranteed renewable for life.” The policy is good anywhere in the US that accepts Medicare. Most insurance companies leave your rate at the level of the state you bought the policy. I’ll be glad to work with you. [e-mail] 919-535-8261

[@carapungo]

Great video. I do have the following questions:, if anybody here can answer, it will be appreciated: 1. The deductible for the HDG is $2,490, so let's say I enroll in this plan, and then I have major surgery next month, and the hospital bill is $100k, this means that Medicare Part A co-insurance and hospital costs will cover 100% of this bill?, or Medicare will pay 80%, and I pay the other 20% until I have met the $2,490 deductible? 2. Let's say I have minor procedure done and the bill is $600, same scenario as above applies? 3. My doctor visits, I do have to pay the $20 copay, but what about x-rays- blood work, anual physical, MRI's, scan cat, etc, are they free of cost, or I am still subject to the deductible rule?, and pay whatever they cost? 4. If I choose plain Plan G, on scenario 1. above, then insurance pays 100%, but my monthly Premium will be higher, and I don't pay the $20 copay for Dr visits 5. If I choose Plan N, is same as Plan G, but I pay the $20 copay 6. How do I achieve the $2,490 deductible anyway?, by paying out of pocket first, any procedures done? If anybody can answer, thanks.

[@Savannah-ed4rv]

I think you should call this office to get your questions answered.

[@tonyd1149]

Hans, ¿if one selects a G high deduct plan today (Jul'22), is it possible to change into the G reg later (~1-3 yrs down the road)m kindly? Thank you Hans for making and posting this video.

[@CardinalAdvisors]

You can change from HDG to standard G later by applying to the company. You will have to answer health questions. That could be a problem. Thanks

[@tonyd1149]

@@CardinalAdvisors Thank you for the kindness of a reply. So, most likely, whatever choice I make now (@ beginning of Medicare & supplemental), will likely lock me to that plan. Thank you for answering my question, and the fast turnaround. God[Bible] Bless you. tonyd\.

[@MrAxman53]

If you mentioned this, I didn't catch it. The $2490 HDG deductible INCLUDES the Part B annual deductible of $233 (2022).

[@CardinalAdvisors]

The $233 Part B deductible is not covered by the regular Plan G and it does not count toward the $2490 on HDG.

[@MrAxman53]

@@CardinalAdvisors OK, so then my total financial exposure is the $2490 PLUS $233 for calender year 2022, is that right?

[@TheMinnow101]

@@MrAxman53 correct

[@Savannah-ed4rv]

The United Anerican wevbzite says the Part B deductible IS included. Not sure if that's a company policy or a change since this video came out?

[@stusherman1476]

Hans, every topic you choose is so relevant to those of us either looking at or in retirement. Very informative. You remove the complexity and make it understandable. With so many choices and infomercials, it makes my head spin. Not with Cardinal. Thank you.

[@MCMXI1]

Great video as always, but hold on to the books...it's become a trademark

[@KenJackson_US]

I've also come to the conclusion that HDG is the best for me because I'm healthy.

[@KatieLibby1315]

I agree and would add, healthy and have $2,490 to spend on health care. Keeping in mind most are going to save thousands on HDG each year to cushion that $2,490.

[@KenJackson_US]

@@KatieLibby1315 The deductible is $2700 this year. I went further by comparing "healthy" years where I only visit the doctor once vs "sick" years where I max out my deductible. (I used premiums posted by CareFirst BCBS for comparison.) I was surprised to realize I could have *six* of the next ten years as "sick" years and still pay less overall (premium + out-of-packet) with HDG than I would with plan N! The comparison is much closer for MediShare 65+, which would be a slightly better deal if I have three "sick" years in the next ten. It's not an absolute comparison because we don't know how premiums and the deductible will change with time, but it's an informative snapshot. I'm absolutely going to sign up for HDG. The only question is whether I can find a reliable carrier that costs less than CareFirst.

[@warren5047]

Love this. Zero hype.

[@vanbrendle]

Good video. Great detail.

[@wakeup6910]

You make it confusing,, just saying

[@edrodgers4581]

Federal government sets premiums, Dr.'s fees, who and what is covered? This is socialized medicine. Greedy old people love it!

[@dmjh932]

You will really save with an Advantage Plan. Nothing wrong with supplements but you're paying in advance for MAYBE I'll need it. Insurance is really quite simple. It's always based on your risk tolerance. Nothing more.

[@Night56Owl]

Nope. Advantage forces you to use services from their network. And that’s why I’ll pay more - access to the Doctors that I want.

[@dmjh932]

@@Night56Owl It's your option but I have saved many thousands of dollars with a United Health Care PPO plan. My wife has a G supplement and I know all of these quite well. I pay ZERO. She's paying about $2,400 a year in advance. I can go to any doctor she has used and any hospital she has used. In this day and age it's very rare to find any doctor or hospital that does not accept the major Advantage Plans. Try and find one. I can go anywhere in the United States without any referral. Basically, you pay in advance for a supplement whether you use it or not. An Advantage Plan you have small co pays when you use the insurance. Don't use. You pay NOTHING. I know the facts and the math on both ways.

[@TheMinnow101]

@@Night56Owl plus you need pre-approval for many treatments/tests. And those approvals/denials can take weeks/months to get. Then you need to go to an in network provider to get those tests.More weeks go bye before they can schedule you in.

[@alleneverhart4141]

Just went through this in NY. Lowest cost G plan: $282/mo =$3610 per year every year vs. lowest cost GHD plan: $68/mo which in a bad year is a MOOP of $3516 - a bad year on GHD costs less than the G plan. No-brainer the GHD wins 100% of the time. GHD vs. N plan was less of a no-brainer: My NY N plan costs $220/mo = $2866 (assuming no excess charges) which is less than the GHD bad year. So I maybe (depending on excess charges) save $650 being on an N plan vs GHD bad-years. But what if I have good-years? A good-year on GHD is 68*12 = $816 plus, say, $226 ( I use the G plan deductible as an estimate of a good-year co-insurance bill) which gives a reasonable good-year estimate of $1042. Thus, there's a savings of about $1800 (=2866-1042) per good-year on the GHD vs. N. One GHD good-year savings pays for about 63% of an N plan year. Whether or not you think GHD is a good deal depends on your health outlook. Say, in the next 10 years, you have 5 good-years and 5 bad-years. On N-plan that costs a flat $28,660. On GHD it's 5*1042 + 5*3516 = $22,790. If 6 of the next 10 years are bad years then GHD costs $25,264. If 7 of 10 years are bad: $27,738. Thus, I would have to have 8 or more of the next 10 years be bad to have any possibility of an N plan saving me any money ... and that's only if there are no excess charges. I chose the GHD.