High Deductible Medicare Plan G Vs The World

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Medicare High Deductible Plan G supplement is the third most popular Medicare supplement plan.
The medigap Plan G-HD is an ideal choice iin some areas of the country and a very poor value in other areas of the country. This video details how to tell if you should be considering the Medicare supplement Plan G High Deductible plan for your Medicare.

#medicaresupplements #medigapseminars #MedigapPlanGHD

[BP-BKLYN]

Makes sense to me, thank you.. hello from NYC

[ChrisSadowski-ppnp]

Still better than an advantage plan. 51% of all people on Medicare choose Advantage and many of those limits are around $5 to $6, 000. HDG allows you to have a pay-as-you-go system yet keep all the benefits of original Medicare. No annual plan changes (outside of part D), no networks, no pre-approvals, 100 days versus 20 for skilled nursing care and coverage that travels with you. Even with the limit going up every year, it'll still be better than many Advantage plans excluding of course the low quality HMO ones. Plan G and N are simply not affordable in New York, Minnesota, Connecticut, Maine and a lesser extent Florida. I truly believe that Plan G will go to the wayside like J and F before it so N maybe the only comprehensive plan to choose from in the future. If everything stays the same, I will choose between our N equivalent or HDG equivalent. I live in Wisconsin.

[lizp]

I live in Minnesota and both my husband and I have a Plan F HD Medigap plan. It has worked great for us so far as we haven’t even come close to the deductible max. Also, our plan is with BCBS and since we joined we get 4 months of premiums returned to us the next year due to a regulation regarding the amount they reimbursed us having to be over a certain percentage. Not sure if that is just a MN thing. Thanks for making these videos to keep us informed.

[deinstaller]

Great explanation - everyone considering Medicare options should be watching your videos

[greyholcombjr.]

Extremely well explained sir. I started with plan N here in NC. It was only about $50 more in premium than HDG.

[anitaitisanita]

Hi Matthew, Oh how maddening, I'm considering this and likely phoning Monday morning.! Yes, I'm on your Plan N but got worried I ought not to have dropped my economic Plan G HD in Fla. Ah, there's more cons, and your ending comments brought me back to sense. I appreciate your advice, so glad I found you and got out of Advantage.

[anthonym]

Very informative video...thank you. You're right to note that Medigap High Deductible Plan G (G-HD) “works against you in two ways” - higher premiums and a rising deductible each year. My thought is while that is true, it misses a key comparison point. All Medigap plans experience premium increases, not just G-HD. In fact, G-HD often sees the slowest rate of increase because the risk to insurers is lower. So while it’s fair to highlight the rising deductible as something to plan for, highlighting Plan G-HD premium increases as uniquely problematic may be a tad misleading when considering the caveats of a high deductible plan. Historically as you know, Standard Plan G or Plan N typically experience higher annual premium hikes in both percentage and dollar terms so IMO premium increase consideration is at best a "wash" again when choosing between Medigap Policies.

[JH-wdul]

I am not considering a Plan GHD but watched your video to stay abreast of Medicare info (and for the YT algorithm). I am in Louisiana and recently enrolled in a regular Plan G through your company. I chose G instead of N because I don't want to deal with co-pays and the remote possibility of an excess charge. I'm comfortable with higher premiums for G and have budgeted for it. However, this year's debacle with Part D and the premiums now has me concerned with the volatility of where this will go in the future. I can only hope this will settle soon so we can more accurately plan our future budget expectations for Part D premiums/deductibles. Thank you for another informative video!

[eleonorabartoli]

Thank you for your great videos: I would have never known about HDG, the agent did not mention it and when I asked about it, said it was bad. My premium is 42$.

[EK-gfyu]

Great Video and appreciate your explanation it's so complicated OMG.

[Sooner-imqf]

I was looking for information on the HD plans. Great explanation. Thank you.

[KimberlySparks-wrbh]

My husband and I live in Katy Texas. We have an appointment with your company On Tuesday, December 3, 3:30 I think they're supposed to call us. I've been watching your videos for a while. I'm just so confused, on all of it! I don't understand the difference between just the G. plan and the high deductible G. plan. And I don't think the N plan would work for me. Because I have to go to the pain doctor every month. My husband's the one that's got, I think it's 5 different specialist doctors. We just figured we both go with the G. plan??? The only other doctor I see is a PCP 4 times a year along with my husband. I guess we'll find out what we're going to do come Tuesday when we speak with your representative. I do wanna thank you for all of the videos. I'm still trying to figure out if they helped me or confused me more though. LOL All kidding aside I have learned more than I ever thought I needed to. It's just keeping it all in order and all of the ins and outs of the different plans.

[kygent]

I pay $100 a month for Plan N but I am sure it will go up some in June also I did not know all hospital bills were taken care of with N.

[mf-xosv]

One thing about HD plans is. You have to pay the bills, up until the max OOP. Fine when 65 gets more difficult as you get older. Plus hosp billing is a big mess, 3 years ago they put me into collection for a $30 bill they never sent.

[cynthiaivers]

HDs make a lot of sense if you're health history is good, etc. Also, if you've had an HSA (before Medicare) and have a sizable HSA balance, those funds (tax-free) can be used to pay for the out-of-pocket expenses (but not the monthly premiums). HDs are great if you have a history of good health. Not so great if you have health issues or are generally less than healthy.

[yooperish]

Consider that attained age increases will also increase the savings of HDG over N or G. With the policies I'm looking at here in Michigan, the difference between HDG and G is maybe $1000 a year, ($50 a month for HDG vs $133 for G) so I should get G by your reasoning. Except if I plug in my age as 90, then the difference in premiums for the specific policies I looked at first is almost $2500 a year ($93 a month for HDG vs $301 for G). And if the deductible goes up by CPI-U, while the premiums go up at the higher rate of medical cost increases, the difference will be even greater.

[lilshaz]

If you could afford Plans N or G but elect a high deductible plan to save money, wouldn’t it be wise to take the difference and invest it somewhere earning money? That way should a major event occurs you have the ready cash.

[BostonMikeThinks]

I was told by United healthcare in Florida that if I chose G $204 I could change any month and at any time to another plan without health concerns. With the exception of G HD $51. If I chose that I only have two years to switch off to another one of there plans without health underwriting. I asked to see that guarantee in writing that I could change plans without health underwriting and she told me it wasn't in writing but was their policy to do so. What do you think about that? I would appreciate an answer because I think I was lied to. Thanks

[jsliter]

At 14:50, you say:
"The bottom line when diff in annual prems between a G and its High Deductible version is close to or over 2K, a Plan G HD is a great value and should be considered. When the annual prems for GHD vs N is measure in hundreds of dollars and not thousands..."
It seems possible that both of these measurements could be true at once; isn't this comparing apples and oranges? In your earlier Miami example, you didn't mention the N Premiums, but isn't it feasible that the difference between them and the GHD Prems might be in the hundreds?

[Guest-at-the-Asylum]

Hi Matthew, here's a subject I haven't heard covered. I'm in California and was enrolled in Medicare with a Medigap plan in January 2024. I was then placed on Medi-Cal based on my income. I continued paying my medigap premiums until November 2024 when I learned that there was no need for a medigap plan as Medi-Cal essentially takes its place. This cost me nearly $1500 for a medigap plan I didn't need. Have you ever run into this situation?