BEST MEDICARE SUPPLEMENT PLANS 2022 |Top 3 Medigap plans

These are the Best Medicare supplement plans 2021. Plan G, Plan N and Plan High deductible G are the best Medicare plans in my opinion.

These Medigap plans have the most benefits with the best price. Medicare supplement plans 2021 are very important.

My name is Brian Monahan. I've been a licensed insurance agent and Medicare supplemental specialist since 2009, who tries to make these videos as simplistic as possible so that you can understand Medicare and make an informed decision on the plan that you choose.

As with most people, I’m sure you're looking for the best plan for the best price and so I’m going to break down the 12 plans that you see on the screen to the top 3 Medicare plans and why they are the most popular medicare supplement plans today.

I’m also going to share the reasons these Medicare plans are so popular and what costs and hidden fees come with each one. Keep in mind when you're looking for your plan... this can seem extremely overwhelming but I will break it down very easily so that you are no longer confused.

For 10 years the most popular plan was Plan F, so you may have heard of that plan, but on January 1, 2020… Plan F, high deductible Plan F and Plan C were no longer available to people going onto Medicare for the first time. So let’s take them right out of this chart.

Next there is Plan A, B D, K, L and M. These plans are not cost effective because they have too many copayments and deductibles and they lack the benefits that 99% of the people on Medicare need. Plus, they are not offered with every company across the country.

This leaves us with the 3 best plans that I recommend to everyone I speak with. Plan G, Plan N and High deductible G. The Medicare part b deductible 2021 is discussed.

The first of the top 3 plans is Plan G. This plan gives you 100% coverage for doctors’ and hospitals after you meet the part B deductible. This deductible is $203 per year at the time I’m making this video in 2021, and it usually goes up every year by just 5 or 10 dollars so even if you’re watching this video and it’s 2025, it is most likely under $250 for the year. After you pay the first $203 for medical expenses, you pay nothing to go to the Hospital, doctors and specialists. You are covered 100%. No copays, No deductibles.

Plan N is the second plan that is one of the top 3 plans. Plan N has all the same benefits as plan G and works the same way except for three things.

Plan N has 2 copays.

It has a copay of up to $20 each time you go to the doctor. The doctor can waive the copayment and charge you $0 for a visit or charge anywhere up to $20 per visit.
The second copay is $50 to go to the emergency room unless you are admitted into the hospital, then that copay is waived.
The third thing is that it doesn’t cover Medicare part b excess charges. This is when you go to a doctor that accepts Medicare but doesn’t accept Medicare’s assignment which is just Medicare's payment in full. The doctor can charge you up to 15% over what Medicare gives them for payment as an excess charge. So if Medicare gives the doctor $100 for your visit. The doctor can charge you 15% over that payment which means you owe them $15. This is extremely rare and 99% of Medicare claims have not had any excess charges so I wouldn’t focus too much on this but it is part of the plan. Here is a list of states that don’t even allow excess charges so if you live in one of these states you really wouldn’t have to worry about this at all.

The third plan is the High deductible plan G. This plan has the lowest premium of the top 3 plans but has a high deductible which means you could be paying a lot out of pocket before Medicare picks up the bills 100% like it does for the regular Plan G. The current deductible for the HDG is $2,370. This means that you will be paying coinsurance and copays until you reach $2,370 and then it turns into a regular plan G and covers 100% of your Hospital and doctor bills.

Detail 1. If you are in your initial enrollment period meaning you are going onto Medicare for the first time, you can get any of these plans without the companies asking you health questions. This enrollment period is a 6 month window when you first go onto Medicare. After that, companies can ask you health questions so you are not guaranteed to get into one of these plans.

Detail #2- Medicare supplement plans are standardized plans. In short, This means a Plan G is a Plan G whether you purchase it from AARP plan g or Aetna plan g or any other company that is selling a planG. Same thing with the Aetna Plan N and HDG.

Special thanks to Christopher Westfall for encouraging me to make these videos!

And also to Boomer Benefits, Abt insurance and Medigap seminars and others for making me want to raise my game.

#bestmedicareplans #bestmedicaresupplementplans #medicare

[BrianMonahan]

Thanks for the comments. For more information call 1-844-552-7426

[JustinBrock]

Great video, Brian! Saw you posting videos on Medicare when I first got in the business! Keep it up!

[AlexSmith-trhc]

Nice video. You may want to correct the spelling in the box called "Part B Deductible" at 2:59 - by removing the 'a' and using the letter 'i'.