HUGE Medicare Supplement Rate Increases (and what to do about them)

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Please call my office for free, unbiased assistance. We would love the opportunity to help you if we can! #medicare #medicaresupplement #medicareadvantage #medigap #turning65

[AbtInsuranceAgency]

Tell me - have you received your rate increase notice yet this year? Please share your thoughts below!

[dave]

"Higher loss ratio" 🤣 The insurance companies are never losing money. Just some years they don't make as much insane profit. So in 2020 and 2021 when people weren't going to the doctor much AND they were still paying monthly premiums the insurance companies were swimming in cash. Now people are going to the doctor more, so the insurance companies are completely ignoring all that cash they piled up in 2020 and 2021, pretending like those massive profitable years never happened and raising rates like they didn't make EXTRA profit in 2020 and 2021.

[bbouc]

was a time we had politicians that protected us against all this greed that came about since covid

[threeftr]

The problem with advantage plans is the treatments for cancer is very limited. You will not be allowed to go the the best cancer treatment facilities. Many independent brokers say you should get a cancer and hospital indemnity plan if you pick advantage. also the for profit private insurance companies that have advantage plans are starting to use AI in their denial process for healthcare.

[chumbawumba]

AARP/UHC really jacked up Plan G premiums in Florida ... the problem to me is that after a peak year (higher loss ratio) the carrier raises the premiums ... but it seems will **NEVER COME DOWN** (if loss ratio improves, they get to pocket the financial benefits on their bottom line going forward).

[jml]

Greed has become the American way.😢 it's a money hungry for-profit monster! Things need to change. Maybe politicians should have to pay for healthcare for themselves like everyone else. Maybe they would have a reality check! Sorry for the rant.

[NoMoreTears]

Im going to go traditional medicare with a supplement BUT as soon as the rate increase is beyond what I can afford to live, I am dropping the supplements. This will probably happen one year after I turn 65. They have us over a barrel and there are NO GOOD options if you are a few dollars over the poverty line. I just wont go to a doctor. I will do as my son did. He failed to get help with his heart issues because he couldn't afford insurance. He went into cardiac arrest at home and died. He was 29. No one cares about any of us living. Its ALL about money and anyone who thinks differently is in denial.

[richardnowacki]

I have the ABT agency and they are extremely helpful and knowledgeable of their clients needs. I highly recommend them as insurance agents

[rcsavedbygrace]

This is much bigger than a rate increase. People in the US overall have preventable illness. We live in a processed foodland of convenience.
Pay a little more for quality food and look at preventative meaures. We are so far behind.
Being a nurse or 29 years I have seen a lot. Much of it is also rooted in trauma.
Allopathic medicine is what keeps us sick. We need more holistic practices and providers.

[alisongavin]

I joined my AARP UHC Medigap plan in March ( Southern California ) and less than 10 days later was informed that next March my rate will be increased by 14% !
Welcome to retirement 😮

[thomasrobinson]

With insurance companies nothing is shocking. Disappointing, disgusting, infuriating, yes. We need not-for-profit national medical care, not run by the insurance companies.

[arthurshingler]

Very good video! Well, explained!

Good job!!

[thomaschadwick]

Insurance companies are going to be forcing seniors with a supplement plan to a dis-advantage plan. Also don't forget about the Plan D drug plan rates going out of sight

[pohakukuamoo]

I really appreciate you offering this information. I'm 3 months shy of turning 65, so I'm investing alot of time wrapping my head around all these choices. You are helping me so much!

[bobfinnecy]

Stephanie…do the insurance companies “really” lose money? Or…just make less profit?

[mmane]

turning 65 in november.i would love to know how prices are in my state La.thinking about going with the G or N plan.

[ChristopherRuhmins]

Great info, content, and agency as always. Plan G is definitely the most adversely affected plan, which doesn’t help loss ratios. This is why I’m a big proponent of HDG for healthy individuals and knowing how well Original Medicare negotiates rates.

[youngtimer]

I’m confused, I didn’t see any rate decreases in 2021 even though the loss ratios went way down.

[clarealbarado]

My plan g-x in CA was 190.00, now 218.00. This is traditional medicare. So expensive.

[rllemons]

Yes, it had gone up consistently in the 5 years since I have had it