The Best? Medicare Supplement Plan G Vs Plan N

Which one is the the Best? Medicare Supplement Plan G Vs Plan N is a common theme.

Call Now: 1-844-552-7426

Watch now :
----------------------------------------------------------------------------------------------------

In 2023, the landscape of Medicare continues to evolve, providing retirees and those turning 65 with a variety of options to consider when it comes to their healthcare. Medicare 2024 will cover a wide range of services, but many beneficiaries often find gaps in coverage. To help bridge these gaps, Medigap plans, also known as Medicare supplement plans, are available.

Medigap policies are designed to pay some of the healthcare costs that original Medicare doesn't cover, such as co-payments, co-insurance, and deductibles. Among the most popular of these are Medicare Supplement Plan G and Medicare Supplement Plan N. Both have become leading choices for those seeking additional coverage.

Medicare Supplement Plan G, often simply called Medigap Plan G, offers coverage for many of the out-of-pocket expenses not covered by Original Medicare. It typically covers everything that Medicare Part A and Part B cover, with the exception of the Part B deductible. Many beneficiaries find the predictability of Plan G appealing.

On the other hand, Medicare Supplement Plan N provides a similar range of coverage, with a few key differences in out-of-pocket costs when compared to Plan G. One main difference is that Plan N may require a copayment for certain office visits and for emergency room trips that don’t result in an inpatient admission. The Plan G vs Plan N debate often revolves around an individual's comfort with predictable premiums versus potential out-of-pocket expenses.

For those individuals who are more cost-conscious and willing to take on a higher deductible in exchange for lower premiums, there is the High Deductible Medicare Supplement Plan option. This choice is best for those who want to have a safety net in case of major medical expenses but are willing to pay for smaller expenses out-of-pocket.

Apart from these, there's another option called Medicare Advantage Plans. While Medicare supplement plans are designed to work in tandem with Original Medicare, Medicare Advantage Plans are an alternative way to get Medicare coverage, often including additional benefits not found in Original Medicare.

Medicare explained simply is a federal program to assist those over 65, and certain younger individuals with disabilities, in accessing healthcare. However, as many realize upon turning 65, Medicare on its own might not cover all medical costs, which is where the various supplement and advantage plans come into play.

Choosing the best Medicare supplement plans involves understanding your healthcare needs, budget, and the benefits each plan provides. It's always a good idea to review and compare all available options annually in 2024, as individual health needs and plan offerings can change over time.

Disclaimer: This video is for entertainment purposes only. If you want advice on Medicare or any of its plans, please speak to a licensed agent, whether it is me or another licensed agent. No advice should be taken from this video. If you don't speak to me about your individual concerns, I can't give you my 100% opinion. Brian Monahan and Medicare 365 are not responsible for any actions that you take without consulting with a licensed insurance agent.

#medicare #medigap #medicare365 #brianmonahan #highplang #medicarehdg #bestmedicareplans #top3medicare #top3medigap #medicaresupplement #medigapplang

[nighthawk_predator]

Hello Brian! I will be calling you next year for sure!!!! Not sure of the month but I will most def be calling you. Thank you for all this great information.

[harveyh]

Excellent information. Though you don't service my State (HI), I do appreciate what you have to say.

[carolinebeck]

Plan N for us! Lately though every co pay has been $20. I believe because costs have gone up so much for the appointment and what Medicare allows and pays leave more money owed than $20. Latest example I paid $20 and plan N paid $6.05. I understand a supplemental plan is good to have if you get really sick. With my family history I assume my plan N will come in very handy and I'll be glad I have it!

[Paul-GrnHil]

I am on a HDG. Please consider that Medicare covers 80% of the claim so if you are paying an extra $100 per month to be on a G plan versus HDG, you need to have $1200 divided by 20% or $6000 in claims to make up the premium difference. I’m confident that most years the HDG will be the better choice even when offset by a high claim year or two.

[ramonal]

question, so many procedures including total joints are now same day discharge, out patient would the "hospital" bill still be paid in full on Plan N?

[MikeM.nomiles]

Would u recommend keeping my Fedblu BC/BS after leaving the Gov and picking up a medigap or keeping the BC/BS? Thanks

[eyefocus]

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

[alexdavid]

How much plan G and N premium cost in Oregon?

[qstrian]

N is not currently a ‘guaranteed issue plan.’ So applicants must jump through hoops.

[kena]

Is there a cap on EXCESS charges with plan N or is unlimited? That would be good to know before having to decide.

[richmanzano]

I heard you say that sometimes you can convert from a HDG to a G plan after 2 years without underwriting. Is this true for most major insurance companies? If so, can you switch after 5 or 10 years if you start to feel your medical events are starting to increase?

[barbarafelipe]

I got Plan G thru AARP n supplement..bcuz im a Stage 3 Cancer Survivor - so i felt more at ease for my history of my cancer ..

[chmehuu]

do you fill out the exception for income level?
i went to part time in 2023 my inocme is way below and would like to know if i cna get exception for income?
i had very high income in 21 and 22 or do i need to apply next year?
currently i am 67

[kim.in.nature.]

I turn 65 next year. My SS is only $750 a month. Am I eligible for a lower monthly premium? I want either plan N or HDG. I am trying to avoid Advantage Plans. I take no meds and have been healthy. Thanks for your educational videos.

[lizettramos]

Hello brain in so happy to 👀 see you again it's me lizett 👑 from Calexico ca Kings of the valley Egypt saying hello. I'm am very happy your doing ok I sure I'm always looking if your on to support your channel I think I have been around over 2 years with you a little bit over when you gave 2000 dollars out of your poket I didn't win but I sure was happy I got the sentence correct at least that made me happy I am ok in fixing up a sentence with words ok time to say bye bye may God look out for you and beautiful 👪 family and my you have a blessing day🎃🎃🎃🎃🎃🎃🎃

[a.m.v.]

Question, if I’m not receiving SS but sign up for Medicare plan G how will Medicare get paid ?

[lorettaroublick]

Plan G $226 deductible under your Dr. column. But I thought Part B was Dr. What is the difference. Thank you.

[cv]

My mom is 83 yrs old. When is the enrollment for medicare. I watch your vlogs and i think i have to change her plan to supplement part g. Shes healthy nd just have 2 medication. She lives in georgia

[tomconley]

You mentioned you will be penalized for not buying a plan D prescription plan. What is the penalty? What if you only take 1 or 2 medications, and 1 that isn’t covered by a part D drug plan. I’ve checked good Rx and it would be cheaper for me to use them instead of a part D plan. Is the penalty a late enrollment annual thing? Or something that accumulates every year from the time you go on Medicare?
Update
I just looked it up. It accumulates from the time of your initial Medicare enrollment. 1% for each month of non coverage. They add it on to your monthly Part D plan cost forever.😫
Thank you

[lyndareymann]

And exactly how does "plan g suck"? " and exactly "what are we suppose to "do now"?Misleading title. Plan g costs more and has the most comprehensive coverage. You get what you pay for. If it truly sucks why do half of your clients have It??