Medigap Plan G vs Plan N Two Years Later

In this week's video, I revisit the decision I made two years ago to select Plan N for Medicare Supplement, with modest copays, rather than the more expensive Plan G with no copays. Did I make the right choice?

One added note about the $20 copay for office visit and $50 for an ER visit: It is up to $20. I've had a couple copays that came to me for $19 and change! Also, keep in mind that your first office visit will likely be included in your Part B Deductible for the year! So, you won't pay a copay for that visit!

Here are some links on more about this subject:

(Note misspoke: This is CSG Actuarial, not "CGS")

[RG-hfet]

You confirmed everything I thought I knew on G vs. N without me doing the math. THANK YOU!❤

[kurtc]

I’ve been hunting for this video for months thank you for making. It is helping in my decision-making.

[sueharris]

Hello! And thank you for all your research and clarifying.

[ronaldmcgivney]

Hey Pal. You are really good at making it simple. I have Plan G now but I am going to switch to N shortly. Cheers

[michaelellis]

Excellent, very thorough. My spread sheet is an old electric bill with a torn corner and some spaghetti sauce stain in the lower corner, but our numbers are the same. Thank you.

[barrydraper]

Excellent statistical comparison! I did a lot of research & went with a broker as I turned 65 this year, and chose Plan N. Your video helps to validate that decision.

[kathleenweiss]

Thank you for sharing w/I trying to sell a service. You are a blessing.

[FoggyStillness]

Truly EXCELLENT information. I've been weighing Plans G and N for some time. These future price estimations are EXTREMELY helpful, including the information on historical premium increases for G vs. N. Thank you for taking the time to put this together and sharing it with us!

[todddunn]

That result is really dependent on your overall health situation. I have two chronic conditions that require a lot of doctor's visits (58 last year). The difference in 2024 between plan G and plan N where I live is a bit over $500, so I am ahead going with plan G. But each person's situation varies. My wife is similar, she has two issues and she sees her doctors 2-3 times a month. In her case, in a good year she would be $50 or so ahead with an N plan, but in a year on the other end of her typical spectrum she would be down by $250 or so with N instead of G. Also we both like not having to even think about copays. Also consider that your use of the healthcare system will likely be much less when you are young (65) and healthy than when you are older (75+) and less healthy.

[ronedee]

Present state of health, and a Crystal Ball helps in decision making!

[barryrobison]

Thank you!! Outstanding info and video!

[ambarpurohit]

thank you sir for your advice
love you

[JohnsDeb]

Good info! I’m on Plan G. I do see a doctor more that 2 times a month.
Medicare is so darn confusing & frustrating!

[rmichael]

I did the same analysis when I chose N in 2021. Cheaper unless going to the doctor twice a month, and probably slower rate increase. My wife got Plan N in 2022. Even with a lot of specialist visits last year after a hospital stay, we were still ahead.

[robinwoodbury]

Thanks for sharing this informative video and brilliant analysis. Much appreciated!

[davepetrozzi]

Thanks Jim... Great information. As I look at options for signing up this video will definitely help.

[anitablumhardt]

Love your video! You do a great job explaining the plans.

[PLC]

You had me with the spreadsheets. I love spreadsheets. Makes everything clearer to see. Great video. Thanks

[tomcorridan]

Wow..what a great explanation of the 2 plans..ty

[Rixdog]

Appreciate the work. Hard to make predictions about one's health needs. Glad this worked out for you. Plenty of other blogs on this comparison, many going the other way. It's like when to take social security in the first place. If you know when you are going to die, easy. This choice is right up there with stock market predictions. Take your best estimate and cross your fingers.