Medicare Supplement Plans / Benefits & Hidden Risks

Medicare Supplement Plans / Benefits & Hidden Risks

See our other videos on Medicare Supplement Plans too.
Top rated videos for Medicare supplements

0:00 Benefits
23:45 Hidden Risks

UPDATE: 06/2020 As I predicted in this video (dated August 2019) CSI Life has announced they are no longer selling New Medicare Supplement Policies.

"To: All Agents in Active CSI Life States
Effective July 1, 2020, CSI Life will no longer accept new applications for
Medicare Supplement business in any state. On August 3 we will introduce
CSO, Central States of Omaha, into states where we are discontinuing CSI Life
sales."

This means that those policy holders will be placed in a closed pool and should expect some very high price increases in the years ahead. Those policy holders WILL NOT get this message. They are not being told they will be in a closed pool and that their policies will now be services by a different company with a similar name.

Even if you have already looked at different Medicare supplement plans, this video will have new information that will help you make an informed decision and avoid taking on a hidden risk.
In this video I am going to help you
understand Medicare supplement plans and their role in your healthcare.
I am going to reveal to you how to determine what a Medicare supplement will cover and what it will not.
We will take a look at the new Medicare supplement benefit table for 2020 that includes a new Medicare supplement plan.
If you stay until the end of the video, the last item I discuss is a very important hidden risk in choosing a Medicare supplement insurance company that most consumers are not even aware of. This will refer to an issue that has really come to the forefront in the last two years.

Matthew Claassen is an independent Medicare insurance broker licensed in 49-states.
Call Us 1-800-847-9680

What are those benefits of Original Medicare that pass on to your Medicare supplement?
One…With Original Medicare you can see any doctor, go to any hospital in the US or its territories, as long as they accept Medicare. Because this is a feature of Original Medicare, any Medicare supplement you choose will also have this benefit.
Two…Medicare’s intent is to cover everything that is medically necessary. Let’s stop at that point for a second. I mentioned at the start of this video that I would tell you how to determine what your Medicare supplement will cover.
This is a Medicare Supplement Plans Explained video, focused on Medicare supplement plans.
What does a supplement do?
The role of a Medicare supplement is to pay some or all of the copays and deductibles from Original Medicare so you limit your out of pocket expense. Limit your financial risk in the case of a health event. With the more popular plans your out of pocket maximum exposure is less than a couple hundred dollars a year.
Original Medicare Part A & Medicare Part B all by itself has no maximum out-of-pocket limit and some large copays and deductibles. A Medicare supplement will reduce your financial obligation and can set a limit on your annual out-of-pocket risk for medical bills. You can reduce your out-of-pocket costs down to virtually nothing.

A Medicare supplement plan cost extra, it has a monthly premium. But your out-of-pocket cost are much less when you need medical services. With a Medicare supplement you can virtually eliminate your financial risk when you need medical services and you get the care your doctor advises.

My advice; you should get the Medicare supplement insurance you will want to have when you are seriously ill, not whatever is cheap because today you are healthy.
When you consider your freedom of choice, choosing any doctor that accepts Medicare, the extreme low financial risk or out-of-pocket costs for medical bills and the fact that no insurance company has to pre-approve your procedures, the Medicare supplement plan is the best choice for most and, in fact, is most chosen by those that do their research.

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[JanCannell]

This was the 2nd of your videos I have watched this evening, and I have learned far more in an hour than I had learned to date in total. Thank you, thank you, thank you!!!

[donklecak]

finally someone that explains Medicare without any strings attached, Thank you

[cathyespinoza]

I am a Medicare consultant and appreciate your explanation and honesty in explaining this topic. Thank you.

[ricardomarmol]

Can't wait to turn 65. Which is 1 year away from when that time comes. To call Matthew Classes..He really explained how medicare supplement and Medicare Advantage works. Thanks Matthew . Now I Know finally who to call when that time arrives .

[stuartsmith]

There's no way I can say thank you enough for all your informative videos and everything you do for our Medicare family and friends.

[wandagreer]

This is the 3rd time I have seen this video and I discover something new each time. Thank you for all you do - please don't stop.

[pennyk]

Excellent video. You take the time to carefully explain the information, you don’t rush through it and that’s why I’m subscribing. I will be contacting your office for sure.

[tomrobinson]

I really want to thank you for this info. I’ve been confused about the whole process and your video cleared up much of the confusion. I especially find your presentation style a breath of fresh air. This is the first video that didn’t have my eyes rolling back into my head and tuning out!

[janetmeissner]

Anything you have on dental would appreciate. You make it easy to understand! Thx. Helpful information!

[DavePKW]

This is the best presentation on this subject I have seen yet. Especially about the hidden risk of some providers. Thank You.

[stevefiorito]

Going into my first year in Medicare was very difficult due to the difficulty understanding how it works along with how the Advantage & Supplement Plans work. I've learned a lot from your video. Thank You.

[sharonb.campbell]

this was great! LOVE your 'opinions' and 'rule' not to deal with companies who haven't been in the medicare biz for less than a few years!

[gloriahelton]

Thank you so much for all this important information I have been confused for a long time

[PradeepSharma-ojou]

I really appreciate that MR MATTHEW explains MEDICARE throughly in depth without any string attached at all.GOD BLESS YOU AND YOUR ORGANIZATION FOREVER IN LIFE GR8 work done by you.

[jackiesicilian]

This should not be so difficult, its like they're against us all. Thank you for all your help!

[sukarichristian]

I appreciate this video. I look forward to viewing your other videos on Medicare, thus becoming more educated on such an important, but very much "not undertood" subject.

[gusdanig]

Thank You for being so informative and easy to understand. Your video makes a much clearer picture of what I need to look for in a Supplemental Insurance Company.

[medicareguy]

Nicely done! I’ve been doing this business since 1980 in Wisconsin. You hit most of the points on plans and pricing and business practice. I have only 2 points you could add. You present like I do. Glad to connect and talk Medicare. Thanks!

[terryjones]

I have watched several of your videos and they are awesome! The information you provide is invaluable. Thank you for doing these videos!

[anitaitisanita]

Thank you Matthew. I saw this over the weekend in December.and was in shock. I was alarmed to be convinced and fooled by experienced agents into a false security of an Advantage Plan, and I no longer even had a Prescription Plan. By Monday morning I called your team. They helped me choose and apply at the right time to get out of the wrong situation. I would have been there for years, who knew?! As of 1st February all changed, I'm in a HD Supplement Plan G and a Prescription Plan. So much you taught me, I can't thank you enough for your honesty. and teaching clearly without me getting confused and overwhelmed.