Can’t Afford a Plan G but Don’t Want an Advantage Plan?

Can't afford Plan G? Did you know there are other Medigap plans than just the popular Plan G or Plan N? That's right, and there are actually 10 different Medigap options you can choose from. We understand that not everyone can afford a Plan G and may not be interested in a Medicare Advantage plan.

If you can't afford a Plan G but don't want an Advantage plan, keep watching as we discuss other Medigap plan options!

Start (0:00)
Medigap Plan K (1:02)
Medigap Plan K Maximum-out-of-pocket limit (2:44)
Medigap Plan L (3:43)
Medigap Plan L Maximum-out-of-pocket limit (4:44)
Medigap Plans K & L Compared to Medicare Advantage (4:59)
Medigap Plan G vs. Plan K vs. Plan L (6:06)

Check out our Medigap plans comparison chart here:

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[dandydoc]

Once you hit the MOOP, do plans K and L pay Medicare excess charges?

[karenstars]

FINALLY someone who talks about something other than g or n...thank you!!!

[micheleyoungblood]

The Moop for both K & L are much higher than the High Deductible G plan that covers everything G plan covers. I believe it's premium is a lower premium also. I appreciate you speaking about other plans. It is really tiring listening to only G & N at nauseum online. Please do HD G plan next and compare it to these two plans and advantage plans which also has high MOOP's

[yazminmojica]

Excellent presentation, clear and to the point, thnx a million, Blessings ❤

[randolphh]

Medigap will be cheaper for most, especially if you regularly use services!
We explored this topic in depth and ended up on PlanG “ high deductible “
$46 per month premium in FL.
The word “deductible” is misleading, as it is usually a copay, not a deductible like for commercial plans. The only exception would be the inpatient deductible which it doesn’t cover.
Otherwise you have to pay 20% of some charges after Medicare pays 80%.
We are saving about $1400 per year compared to regular Plan G. The deductible is about $2400. This means that we would need to incur about $7000 in Part B charges per year to start losing or cost advantage over regular plan G. Assuming no inpatient stay.
We are in healthcare, so we know that for most people health care comes in spurts. In other words most years you see a doc 2-3 times and get some labs. Every few years you have a larger event.
So we are playing the odds to save $1000, for 4 out of 5 years, and the spend $2000 one year.
We can always switch to Advantage, or better yet probably to regular plan G if someone gets more consistently ill.
I watched my older parents pay a lot of copays with Advantage while constantly on the phone with them arguing about treatment and payments!

[coreyparker]

Thank you for explaining the difference!

[alexroland]

Great content! So many people don't know there are several options. Thanks so much for providing such clear information.

[tinataylor]

Thanks for all this great info. I'm so thankful I found boomer benefits!

[janicelloyd]

I have seen videos of people who don’t do the supplements at all. I wish I could find them now. My AARP G plan will be $3000. A year . I can’t afford that but these people put fear of big medical bills in my nightmares.

[MC-kjuy]

I'm on a Medicare Advantage plan that one of your people found for me a couple of years ago. It's a PPO so I have some choices for out-of-network care but it's quite confusing. I thought about switching to traditional Medicare during Open Enrollment but it seemed like the only way to get decent coverage was to add a Medigap plan, and those all cost extra. You didn't mention that here, maybe because it varies (I think) and maybe there's another video about that, but I wanted to because I got an email about this video so I haven't seen many of the others. The (unfortunate) fact is, some of us can't really afford even the basic premium; to add in another one just to have better coverage is out of the question. Basically, we're stuck with Medicare Advantage. I think your people found the best plan for me and I'm grateful for the service you provide. I just wish someone would come up with a better way to keep people healthy than insurance. It just doesn't work.

[speedysoul]

How much is an L plan on average in Broward county, Fort Lauderdale compared to an N plan?

[amasson]

If you live in Dade county, Florida there are Medicare Advantage Plans with $600 -1500 MOOP -All depends on what State and County you live ..

[bethhoffer]

Can you PLS do a video comparing K, L and HI G. Between the diff in premium and diff in Moop...it's a tough decision. Thankyou. I hope I'm notified if you do this.

[Unknown-hugf]

How do you determine what the copay for doctors office visits is going to be (the fine print says up to $20, but how to tell if it's less)? And, is their a cap on how much you can spend in a year on office visits???

[richardhuynh]

Why does the Medicare supplement form of most carrier require Medicaid information ? I receive Medicare savings program. The state Medicaid helps pay my part B premium, and I will pay the Medicare supplement myself. Will my application get rejected or have a discount because of this? thank you

[jimmyo]

Do you feel a Supp plan might be better than an advantage plan if someone has a catastrophic illness?

[janicelloyd]

An insurance peddler. I’m looking for a person like me who has Medicare A, B, D . I’d like to drop the G.

[paulcase]

I Have AAA cover and Advange plan that cost 19 dollars a month I’m can I get the 3000 for help with l
Foods and other things from the card