Medicare Advantage vs. Medicare Supplements (Explained)

Показать описание

Deciding between Medicare Supplement or Medicare Advantage coverage is often the most important decision that Medicare beneficiaries will face when making their transition to Medicare. Fortunately, we have created this video to help you navigate this complex topic

Sources:

Рекомендации по теме

Комментарии

Honest non biased comparison. Most YouTube insurance agents put down Advantage Plans. Most are totally wrong with their assessments. My wife has a Supplement G and with a drug plan spends $2, 400 a year. I on the other hand have had an Advantage Plan (PPO) with United Health Care for 10 years. I have spent almost nothing for it. I have actually gained a few thousand dollars with the vision and dental benefits. It's very rare to find any doctor or hospital that does not accept my plan. I can go anywhere in the United States without any referral. Bottom line. Supplements, you pay in advance for your coverage. Advantage Plan, you pay as you go. Over the past 10 years my choice has literally saved me many thousands of dollars. They all work. It's based on your risk tolerance. Nothing more.

dmjh

Good information. Looking forward to being one of your clients as I retire in 2024.❤

willieblackwell

So as long as you’re switching between plans during the open enrolment period there is no higher premium or denial of coverage to worry about

rsingh

Looking for clarity: If I switch from Original Medicare to an Advantage Plan in 2023 and determine an Advantage Plan is NOT advantageous for me, can I return to Original Medicare without penalty, and if so, do I have to wait for the following Open Enrollment period in Oct - Dec 2023?

mariancarter

That was a lot of great information. I may have missed it, but I think it's important to talk about how premiums INCREASE EACH YEAR BY AGE with Medigap. Can you tell us where to find a CHART showing a typical age premium escalation? That being said, is there a "breakeven" between the two at a certain age? Can Advantage plans escalate or reduce benefits by AGE? Thanks.

bdp

Great video with clear distinctions. A question I think one of your graphics answered for me is: do I have to be 65 or older to qualify for medigap? I am on SSDI with a terminal disease (ALS). I assume the “gap” would provide better coverage for me in the long run. Or due to my age am I essentially forced to go with “advantage” plan? I do have part A and B currently.

johnegan

Do you know a company in Washington state that does the same as you are doing?

merribethgreenberg

I just retired recently and I have original Medicare A and B. Rather than adding Medigap coverage, I have supplemental coverage through an employee retiree plan offered by my former employer. My plan includes prescription coverage through Express Scripts (Medicare PDP). I also have SEPARATE Dental/Vision coverage from my former employer, distinct from the employer's supplement to Medicare A and B. (This is through Empire BCBS, who provides the coverage for their active employees.) My question: if my former employer were ever to terminate its employee retiree plan, (which, in fact, is not being offered to employees hired after 2007), would I be able to buy a standard Medigap plan to replace the terminated employer plan?

robertcook

Probably the least biased comparison of Medicare Advantage vs. Medicare +Supplement + Drug Plans I have seen. Original Medicare + Supplement + Part D gives you the widest choice of providers for MEDICAL, without the need for pre-authorization, in most cases. But then, you don't have dental, vision, or hearing benefits, if you go that route, and your premiums will still be higher.

g

I enrolled in Medicare when I turned 65, but I am still working and have insurance through my employer. If I were to retire next year, at 68, when would my Medigap open enrollment be? Or is there an enrollment period, because retiring is a qualifying event? Same question for advantage plan. I am in Washington state.

I’m just now taking the time to educate myself on my post retirement healthcare and I have found your TikToks and, now, Your YouTube, channel to be really helpful. Thank you!

klharndt

Medicare Advantage vs. Medicare Supplements (Explained)

Medicare Advantage vs. Medicare Supplements 2024 Which is Better?

Medicare Advantage vs Supplement | Most Get This Wrong

Medicare Advantage Vs. Medicare Supplement - An Unbiased Comparison

The Differences are Bigger Than You Think | Medicare Advantage vs Supplement

Medicare Advantage vs Medicare Supplement Plans

Understanding Medicare Advantage Plans vs Medicare Supplement Insurance Plans

2024 Medicare Costs UPDATES | Advantage vs Supplement Battle 🥊

Traditional Medicare vs. Medicare Advantage Explained

Medicare-Explained Parts A & B (Advantage vs Supplement)

Traditional Medicare vs Medicare Advantage vs Medicare Part D vs Medicare Supplement Explained

Here's How Much You Would Need to Pay With Medicare | Medicare Supplement vs Advantage

Here’s How Much You Would Pay With Medicare | ER Visit | Advantage vs Supplement

Medicare Costs Comparison | Advantage vs Supplement

Medicare Advantage vs Medicare Supplement | How to Choose the Best Medicare Plan

Medicare Advantage vs Medicare Supplement | Watch Before You Choose Your Plan! | 2023 Updates

Medicare Advantage vs Medicare Supplement Cost Comparison (2024)

Medicare Advantage vs Medicare Supplement: 2020 Medicare Plans Explained

Do I need a Medicare Supplement Plan?

Get Started with Medicare: What's the Difference Between Original Medicare & Medicare Advan...

Medicare 101 - Medicare Advantage Plans vs Medicare Supplements

Top 5 Reasons | Medicare Advantage vs Medicare Supplement plans 2023

The Best Medicare Supplement Plans in 2024

Medicare Plan G vs Plan N (New Info!)

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