The Hidden Danger When Choosing A Supplemental Plan 😱

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In today's video, Marvin from Medicare School breaks down the critical choices between Advantage Plans and Supplemental Plans, making it clear why sometimes paying a bit more each month for a Supplemental Plan can be your ticket to stress-free healthcare coverage. It's also the Medigap Open Enrollment Period, a window of opportunity that shouldn't be missed, especially for those starting out on Medicare.
Marvin is also going to walk you through the steps of choosing the right insurance carrier. He explains why going for a carrier with a market presence isn't just about the numbers; it's about ensuring stability and avoiding the pitfalls of rate increases and limited coverage options. Tune in so that you move forward having a peace of mind with having the knowledge YOU need to choose the plan!
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#medicare #medicare2024 #MedicareSchool #MarvinMusick #advantageplans #supplementalplans

[@MedicareSchool]

✅ Watch the Internet's #1 Online Medicare Educational Workshop for FREE: get.medicareschool.com/45V4Rbw ✅ To get 1 on 1 Help from our Team, Schedule a Call Here: get.medicareschool.com/3PuKFq3

[@tinaandfam4751]

I'm a Family Nurse Practioner…. I wish we could get a yearly update instead of getting 300 letters stating THIS year they will not cover “X medication” (which has a generic). They want me to prescribe a much more expensive alternative! Six months later they make me change everyone’s insulin AGAIN due to cost!

[@kb3830]

Full time RV traveling, should We be worried about in network care . Asking from Arizona. Not yet received any benefits.

[@craigbathurst1185]

Why doesn’t the Govt allow you to start at your full retirement age with no penalties.

[@bobbyhelton3919]

Other people need the money it's crazy also it's the government

[@ritaneedham1843]

Great information on Medigap plans! I especially appreciated learning more about the specific state rules for switching plans. Thank you!

[@MedicareSchool]

Thank you for watching

[@pamcornelius9122]

Nice to hear honest advice!

[@MedicareSchool]

Glad it was helpful!

[@darlythomas3295]

Excellent

[@1man2many]

I have watched this channel off and on for a year, I am not arguing the facts. I finally bought medicare supplement effective 2024. WARNING to all: despite being surrounded by hospitals and medical centers, I can NOT find a doctor that will take a new medicare patient. Websites and phone trees all lead to dead ends. Most docs have 3 or 4 phone numbers to call, and there are about 400+ doctors in the list you need to 'call for availability'. Good Lord. Some say maybe in 2025 appointments will open up. What a nightmare. I'm just glad I am not sick. My advice: do NOT let go of what you have until/unless you have a new doctor WAITING for you!.

[@g0989]

Yes, I found this out first-hand when my PCP retired just after I enrolled in Medicare. Most providers accept Medicare, but finding one who will accept a NEW Medicare patient can be a different story.

[@MedicareSchool]

My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@davidbridgeman5828]

Wish I would have known all the information you've shared in all your videos. I turned 65 in 2020 and enrolled in an Advantage Plan and now am pretty much stuck in one due to preexisting health issues. Now my Advantage plan has been great so far but I worry about the futures.

[@Micaiah144]

If you could turn back time, would you have opted for part d and medigap policy instead? Just curious because my mom turned 65 recently and has pre existing conditions as well.

[@-Frost--]

​@@Micaiah144 add a hospital indemnity plan to that advantage plan and you'll be good to go. Far less premium than buying a medigap and pdp and dental and vision etc all separately

[@Micaiah144]

@@-Frost--Thank you for the input. Is fine for now though. I pay for her plan n myself so she doesn't have to worry about it for now.

[@-Frost--]

@@Micaiah144 glad you're able to help her out like that. Plan N is a great option that most people overlook 👍

[@wayneguy6043]

Future

[@shall5867]

You should do a segment on medigap plans regarding attained age pricing vs issue age pricing. This seems to be something important to watch out for. I am retiring by the end of this year and trying to plan the road map ahead.

[@MedicareSchool]

My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@masterlee4370]

Pretty sure you have stated you are licensed in all 50 states. So I have 2 questions as I am 65 still working not collecting social security yet. First question is about "Attained Age Pricing" and "Community Pricing" How do you feel about that? And my other question would be more personal. I know you always talk about the team you trained, but how would one go about getting an appointment with the actual trainer for the peace of mind aspect when ready to apply for Medicare and that "G" Supplement plan which I am totally convinced is the best plan. Asking for a friend.

[@MedicareSchool]

My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@arielwilliams538]

I am looking at supplemental, but I have a concern about where to get a good vision, dental, and hearing policy. Any advice.

[@ChrisSadowski-pp1np]

For your supplement choose plan N unless you live in NY or Florida than choose HDG. As for dental and vision just use cash. As long as you have no needs beyond once a year X-rays and twice a year cleanings it's cheaper to avoid insurance.

[@vi9753]

What's wrong with an N Plan in NY?

[@ChrisSadowski-pp1np]

@@vi9753 cost. Plan N best plan is about 216 a month G about 282 and HDG would be about 68 dollars.

[@MedicareSchool]

My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@Squddle]

Let's start a drinking game for every time he says "uh" :D

[@MedicareSchool]

😂

[@vjf8733]

When you say 20 employees or more; how does a multi-employer (union) plan work?

[@kentraymond715]

22:09

[@Vegasguy815]

im in Nevada and was a bit confused about the state switching rules. do I need to involuntarily lose my medigap policy to take advantage of the state switching rule, or is that opportunity around the birthday available to me any year without me having to lose coverage?

[@MedicareSchool]

Depends on your state. My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@1PreciousSunshine]

I will be 65 the end of September 2024. I was injured and retired at age 50 because of an injury. Just a regular retirement, not disability retirement, which it should have been. I worked for the County and did not pay into Social Security. According to Social Security, I only have 33 credits and need 40 for SS benefits. But I do have enough credits to qualify for Medicare at age 65. I live in California but plan on leaving. If I start Medicare here and move to another state, will the cost of a supplement plan change to the state I move to or will I have to continue to pay California price? Should I move out before I start Medicare?

[@ashwinisadananda8104]

Can one sign up for a prescription plan only with Medicare A and B, without the medigap policy?

[@brentgindelberger8851]

Yes.

[@roxannebush6525]

If you start on Supplemental Medigap part G and it gets too expensive in the future can you switch to plan N when the enrollment - switching period comes up

[@g0989]

In most States, you will have to pass medical underwriting, even if you already have a Supplement but just want to switch to another. You could become trapped in a Supplement that has become unaffordable. Only realistic options if you can't pass underwriting, are to just pay the increasing premiums, or switch to Advantage.

[@MedicareSchool]

There is no enrollment period for supplements. You can change plans anytime of the year. Underwriting may be an issue

[@DeadSea225]

Thank you I was on untied then DSHS made me switch because they were counting my work history from a year ago to stay with them I would of had to pay $1,000 so now I’m with Humana is ok except I don’t like there spending card choices just so basic I liked Untied way better but at lest Humana paid for my shot $3,927 Medicare paid $190

[@luisramos2397]

i have a open hart on 1/14/2010 they approve my disability my 12:58 12:59 13:04 13:15

[@donaldhollingsworth3875]

Would it be better off to enroll in Part A, B, D, & G plan about 2 months before I turn 65 since my employer long term disability & ACA insurance will end at age 65?

[@MedicareSchool]

Yes, that would be a good window to get everything set up in time. We usually advise 2-3 months in advance.

[@marystephens19]

I’m a nurse who took a sign on bonus in exchange for working 2 years. My hire date is 9.6.22 so I am obligated to work through that date this year. I also have an HSA that I will have to transition to a regular insurance plan 6 months before my retirement date. However the company continues to contribute to the HSA until I am fully unemployed with them. Will I incur tax penalties if I retire a week after 9.6.24 based on the employer contributions? Please advise. 😊

[@MedicareSchool]

www.uah.edu/images/administrative/human-resources/hsa_consideration_for_medicare_eligible.pdf

[@Billy-wk3vv]

is there a list of doctors that except medicare by state

[@brentgindelberger8851]

www.medicare.gov/care-compare/

[@1man2many]

Medicare.gov maintains a list online BUT they don't know if docs are accepting any new patients. See my post- I haven't found a doc.

[@steves3234]

Do you only help with Medicare selection? Or do help with someone that was forced to retire at 60 and has a gap until I can start medicare?

[@MedicareSchool]

We only assist with Medicare coverage at this time

[@steves3234]

@@MedicareSchool thank you

[@MrRamfired]

I tried to sign up for Medicare two days into the three month period before my birthday October 16 they gave me a Dec 7 teleconference I questioned that date thinking it was to close to my Jan birthday they said no that’s fine well it’s 11 days after my 65 birthday and still no Medicare card go figure

[@MedicareSchool]

My team would be happy to assist you. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@JD-ir2sb]

What happens to your medigap if you move out of the state you enrolled in

[@MedicareSchool]

your coverage generally remains intact. Medigap plans are portable, meaning they provide coverage regardless of where you live within the United States, as long as you continue to pay your premiums. When you move to a new state, you might want to review your coverage and explore if there are any better options available in your new location. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@tubtimhosking3696]

First year and happy with supplemental but dental insurance is not much covered, too much out of pocket.

[@gracebe235]

I hear ya. It was a fiasco trying to find a reasonable dental insurance online. I had it narrowed down to two different ones; Manhattan Life…..or Physicians Mutual. But then Manhattan Life changed their rates/coverage, so I went with Physicians Mutual. I chose their most expensive plan, (they have 3 or 4 different plans), but I chose their ‘Premiere’ dental coverage for $56.50 a month. It covers 2 dental cleanings a year for free, and covers basic and major dental at 70%. (But you have to wait a year before the coverage starts on major procedures…..YAY! I just had my year wait come to an end!). There are no deductibles, and there are no limits to the cost of care in a year. So if you had $5000.00 in dental that year, they cover the percent that is their part of that $5000.00, for whatever level of plan you chose. You could have $10,000.00 in dental…..and they will still cover (in my case) 70% of it. No yearly limits. Hope this helps. If someone knows of dental plan that is better at a better price, please, let us all know. But so far as I can tell, Physicians Mutual gives me the most for the money. They have cheaper priced plans too, but the coverage is less…..it covers a smaller percentage of the total bill. I wanted to have as much of the bill covered as possible, as things like crowns or root canals are pricey……and paying 30% of those is still a lot! But better than nothing. Their plan covers dentures too.

[@alankurtz2393]

How far in advance do I need to stop contributing to my HSA when I plan to go on Medicare Part A? I've heard 6 months before I "APPLY" which is 2-3 months before I want Medicare to become effective, or is it 6 months before Medicare becomes effective? That would be a difference of 2-3 months more that I can contribute to my HSA before I need to stop. Thank you!

[@MedicareSchool]

You typically need to stop contributing to your Health Savings Account (HSA) six months before your Medicare Part A coverage begins. This means you should cease contributions around two to three months before you want your Medicare coverage to become effective. Give us a call at 800-864-8890 or schedule an appointment at www.medicareschool.com

[@alankurtz2393]

@@MedicareSchool Please excuse my confusion with your response. What is the difference between stop contributing to my HSA "6 months before Part A coverage begins" and I should cease contributions "around 2 to 3 months before I want Medicare coverage to become effective"? Aren't they one in the same? So if I want Part A, B, and Medigap coverage to begin on 4/1/25, do I stop contributing in October of 2023 or January 2024? Thank you for clarifying this for me.

[@jalundblad]

So if I get A+B+G when I turn 65 during OEP and a frew years later I move to Florida. What happens to my Medicare then? Do I need to get a new G in Florida and will I need to medically qualify at the time?

[@brentgindelberger8851]

Most Supplements are national and will travel with you to a new state. The rate may change, due to the fact you are in a new population. If your plan doesn't exist in the new location, you'll have to get a new one, and you may not have guaranteed issue then.

[@MedicareSchool]

The great thing about supplements is they are portable. The only thing that will need to be chnaged is you prescription plan.

[@geomtgirl]

Love your content but am wondering why I have to sir through up to 5 ads to view your content?

[@GreatDaneLover]

Because you don't have adblock

[@Part_121]

You're going to have to talk to KZbin about that. The creators don't really have any say in that. You could always do what I do and subscribe to KZbin Premium. Once you do you'll get zero ads on anything and access to the entire KZbin music service. It used to be a really great deal at $10 a month, but they recently raised that to $14. I can see where ads are positioned in videos, even though I can't see the ads. In this particular video, I don't see any slices in the timeline for ads. If you're talking about the points where the speaker stops and says, "If you're enjoying this content..." I think that's a really minor price to pay for the amount and quality of the information being provided.

[@loris7964]

BS I g had plan G with B/S and they did notp[ay on meds also under 65 sub was over 800+ per ,month

[@MedicareSchool]

Supplements only cover meds in an inpatient setting.

[@carldavis8228]

You never cover the supplemental for folks that have TriCare for life

[@MedicareSchool]

People on Tricare do not need supplements.

[@joea8650]

Great if you could slow down presentation wise. Some seniors need slower pace explanation wise or english as a second language. Too fast.

[@PrairieNightMoon]

You can click the icon underneath the video that is "Settings" and then click on "Playback Speed" and slow it down some.

[@MedicareSchool]

Thank you for watching! There's a little round cogwheel, top right of your screen, it's for adjustments you can slow down or accelerate the speed of video

[@wayneguy6043]

Just get G , you fool…..😂

[@stratguitarman7831]

WHAT A BUNCH OF CONVOLUTED BS ! I'm a college graduate and now I have to take a course on how to retire! Got a good notion to tell the Govt where they can put their health insurance and buy private plans OR AM I NOW FORCED by the United Socialists States of America to absolutely MUST take Medicare??!!

[@karlineschrubberstiel]

Look on the bright side. You may never get there.

[@MrRamfired]

You must be pissed you paid those college loans back

[@ChrisSadowski-pp1np]

Original Medicare with a supplement is the best healthcare you'll ever have.