Medigap vs. Medicare Advantage | Which Is Best for You in 2024? 🧐

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Are you confused about which Medicare plan is right for you? Join Marvin Musick from Medicare School as he breaks down the essential differences between Medigap policies and Medicare Advantage plans. Discover the eight key characteristics that will help you make an informed decision about your healthcare coverage.

Marvin will clarify the enrollment requirements, emphasizing the need for Medicare Parts A and B and the Part B premium. He'll also shed light on the provider networks, explaining why Medicare Advantage plans often have limitations while Medigap policies offer more flexibility.

Learn about the potential hurdles you might face with pre-authorizations in Medicare Advantage plans and the lifelong coverage assurance that comes with Medigap policies. Also, explore how these options stack up when handling out-of-pocket expenses for serious illnesses.

Don't miss out on this expert analysis – watch the video now to make the best choice for your Medicare coverage in 2024!

#medicare #retirement #medicareschool #turning65 #medicareadvice

[karlineschrubberstiel]

Another excellent primer from you. As a former insurance executive I have recommended your channel to many people. It is shocking how uninformed people are about this important topic. You are doing a lot of good educating them - IF they listen.

[anabushaala]

Boy, people retire and find out this is no picnic.

[michellerosenfeld]

I work at a hospital and get questions EVERY day about MA vs Supp plans. I tell them to track their expenses on the MA and if they spent less than a supp monthly premium or more than what a monthly premium would cost they should base their decision on that. I also mentioned that insurance agents are given bonuses from the private insurance companies when they enroll clients into ma plans and that bonuses are less for agents when they sell traditional and supp insurance.

[sergiofranco]

Marvin, I have seen many of your videos and they are terrific. Excellent...thank-you.

[zekeiirodriguez]

Excellent reporting and schooling.
Thank you!

[virgiljohnson]

my mother is on a medigap plan with supplemental Part D and her premiums are about $4500/year, almost the same as mas out of pocket for an advantage plan

[deniseyweesy]

I did a cost comparison between Medigap ( I picked AARP) with the part D and my mom's Humana Advantage plan and she would pay more out of pocket for the Medigap with Plan D even on a Max Out of pocket year. She has never had a problem getting coverage. She has had both hips replaced, had eye surgery and ear surgery. She has been hospitalized several times for Covid and then Pneumonia and also had Hospice and skilled nursing (several times)and she has never had an issue with coverage. She is end Stage COPD and has expensive meds and has been on oxygen for years. I think a lot of it depends on where you live on which is best for you. We don't have the letters for Medigap. But, the Extended basic plus is comparable to Plan G and in my zip code the cvost for just that is 237-$756 a month. That doesn't include the Part D. The cheapest part D that took all of my mom's drugs for AARP is another 105 a month..

[LarryCoburn-iwcl]

Add in all the monthly payments in and over the years part c and part d it adds up to more the 7, 000 dollars

[joemelendez]

Very good information, however this medigap cost are out of reach for the majority of people in the state of Florida is very expensive. If would have to work until I die to afford this. You need to explain that

[BangNguyen-uxie]

Question on pre-authorizations: I wonder if that might be to your advantage. That is, the insurance company acts as a "check and balance" to review the doctor's decision? After all, aren't you afraid that the doctor might order unnecessary procedures on you so they can make money? Don't doctors also have financial motives in their decisions? TIA

[WPWood-mhqy]

Do a video on Medicare MSA (Lasso MSA)

[virgiljohnson]

how often does an advantage plan refuse a pre authorisation from a reputable doctor? i asked my doc and he said in his case it never happened. is there a list of which advantage plans are better or worse in this regard?

[ralphramirez]

You should have written the perks in the advantage plan column and reminded people thet B premiums will be more in 2024

[dees.journey]

I love your videos. I am in Florida and we are getting quotes upward of 199 per month for the G plan. It is so overwhelming to me to make this decision.

[iscore]

You mentioned that advantage plans are tailored to each individual state. Are you covered when traveling between states?

[wedilwh]

Are there any situations where having a Hospital Indemnity Plan along with a Medicare Plan G and D plan makes sense? Always thought that the indemnity plans are appropriate for the Medicare advantage plans.

[silver]

Switching plans isn't an unqualified plus for Medigap "because you never have to switch" Well, people want to switch because the premiums with that carrier are now too high, or they need to switch to a cheaper letter (e.g. G to N) because they can't afford the premium, or they may want to switch up for better coverage. This is going to need underwriting in many states. With Advantage, you have an enrollment period each year, so if not a tie, I would have put the + for Advantage in this row!

[ellensheppard]

Will the cost of the G or N plan that we choose be deducted from our SS along with our regular A & B plan? Or will it be a separate payment we have to keep up with on our own?

[lindag]

Is there a premium change connected with a Medigap plan when moving from one state to another?

[sb]

Are plan G and N interchangeable?
Specifically if I want to switch from N to G?
Please reply.