Top 5 Medicare Supplement Mistakes 2024

Are you planning to enroll in a Medigap plan but worried about making mistakes? In this video, we delve into the crucial aspects of Medicare Supplements that you need to know.
00:00 - 00:50 - Introduction
00:51 - 03:04 - Overview of Medicare Supplements
03:05 - 07:40 - Mistake #1
07:41 - 11:19 - Mistake #2
11:20 - 13:24 - Mistake #3
13:25 - 15:57 - Mistake #4
15:58 - 18:21 - Mistake #5
18:22 - 19:12 - Conclusion
Use this link to connect with an independent broker licensed in your state: gmedicareteam.com/map/
In this comprehensive video, we cover:
1. What Are Medigap Plans? - Understand the basics of Medicare Supplement plans and how they work with Original Medicare.
2. The 5 Main Medigap Mistakes - We highlight the most common errors people make when choosing Medigap plans and how to avoid them.
3. Impacts of These Mistakes - Learn about the short-term and long-term consequences of these mistakes on your coverage.
4. How to Avoid These Mistakes - Get practical tips and resources to make informed decisions.
5. Recap - A quick summary of all the key points discussed.
🔍 Topics Covered:
- Medigap Plan Overview
- State-Specific Medigap Rules
- Medigap Open Enrollment Period (OEP)
- Comparing Medigap Plan Letters
- The Pitfalls of Choosing the Cheapest Plan
- The Importance of Using a Broker
- Bonus Tip: Choosing Part D Coverage
📚 Resources Mentioned:
- Medicare and You Handbook 2024: www.medicare.gov/Pubs/pdf/100...
- Choosing A Medigap Policy Guide: www.medicare.gov/publications...
- More info about Medigap Open Enrollment: www.medicare.gov/health-drug-...
- Medicare Part D Basics: www.medicareinteractive.org/g....
- What are Medicare Supplements: www.cms.gov/medicare/health-d...
- Comparing Medicare Advantage vs. Medigap: www.medicare.gov/basics/get-s...
- Rare Prior Authorization with Original Medicare: medicareadvocacy.org/prior-au...
- KFF Medigap plans being state regulated: www.kff.org/medicare/issue-br...
- Different Medigap plan standardization: www.medicare.gov/health-drug-...
- How Medigap plans are rated: www.medicare.gov/costs-of-med...
- Unique Medigap underwriting rules by State: docs.google.com/document/d/1t...
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📢 Stay Connected:
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For more information and personalized consultation, visit our website gmedicareteam.com/ and follow us on our social media channels www.tiktok.com/@giardinimedic....
#MedicareSupplements #MedigapMistakes #MedicareEducation #SeniorHealthcare #GiardiniMedicare

[@Part_121]

Thanks to you and this video, I found out that Kentucky got a "Birthday" rule as of Jan 1 of 2024. This makes choosing a plan a lot less "scary".

[@GiardiniMedicare]

Glad we could help! Just in case, here are some more details about the Kentucky birthday rule: insurance.ky.gov/ppc/Documents/2024.01.24%20Medicare%20Supplement%20Enrollment%20Changes.pdf

[@Part_121]

@@GiardiniMedicare Thank you!

[@seostrategiessiam2024]

Nice Information 🌺🌺🌺🌺

[@seostrategiessiam2024]

Go Ahead 🔥🔥

[@sbayles5593]

Good info.

[@jfssparky]

I am retired but not drawing SS. I'm waiting until 65. Not because I want to, because my medical insurance runs out at 65. But, me and my wife get $300 a month each for a Supplement plan. That means she will be forced to retire at 63. My only question, if someone hired you to help. How do you get paid. Because we all need to make money. Do you work as a independent, and get Commission on the insurance you sell. I'm only 60 and still have 4.5 years to go

[@GiardiniMedicare]

Good question! We do get commissions paid to us by the insurance companies if we help you enroll in a plan. Fortunately, it doesn't come out of your pocket!

[@WhiteRosez007]

I will have to stay with G. But I would like plan D or M but there are like 3 insurance company choices in my state. I don't like plan N. I understand that because of the low number companies these aren't good options for the long haul😔 Is that true?

[@GiardiniMedicare]

It is true that Plan D and Plan M are often offered by fewer companies. Overall, we don't recommend those plans except maybe in some unique situations. Are you concerned with excess charges regarding Plan N?

[@glennthorstensen5119]

If you are using Kaiser (HMO) when you turn 65, how would Medigap work with Kaiser or are you stuck with an Advantage plan?

[@GiardiniMedicare]

Basically stuck with an advantage plan when it comes to Kaiser

[@maodi1062]

Great source of information 👍 I live at upstate New York (13413), are you familiar with the market situation of my area or if you can recommend some agents to work with me? Thanks 🙏

[@Anna-eu8px]

What about WellCare for part D? It’s 50 cents a month!

[@GiardiniMedicare]

It's a great option if it makes sense based on your medications and pharmacy preference

[@user-gz9vj1vd2u]

Medi-Gap $204

[@user-gz9vj1vd2u]

I had AARP UnitedHealthcare Plan N to Advantage Plan Atena