The Differences are Bigger Than You Think | Medicare Advantage vs Supplement

Looking for an unbiased, comprehensive review of Medicare Advantage and Supplement plans? Look no further! In this video, we'll discuss the pros and cons of each type of plan, and help you make an informed decision about which is best for you.

Medicare Advantage and Supplement plans are a big part of the healthcare system in the United States, and it can be difficult to understand the different options available to you. In this video, we'll provide you with all the information you need to make an informed decision about Medicare Advantage and Supplement plans. We hope this video will help you with your Medicare decisions.

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This video is NOT sponsored.

The Retirement Nerds is the no-cost educational platform and serves to offer information around Medicare, Social Security, Financial Planning, and Estate Planning.

⏰ CHAPTERS ⏰
0:00 Disclaimer
0:19 Key Assumptions
2:10 Let's Get Ready to Rumble!
2:17 Monthly Premiums
5:54 Other Included Coverages
7:04 Perks
8:01 Cost Sharing
11:46 Networks
17:31 Administration
27:10 Final Tally
27:21 Who Leans Advantage?
28:41 Who Leans Supplement?
29:31 Exceptions
30:13 Agent Incentives
31:35 Animals

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#medicare #medicareadvantage #90daysfromretirement

Federal Disclaimer:

[xthizbe]

As a person who got the unexpected news of cancer, I am thankful for having chosen a supplemental plan. My cats also appreciate the fact I didn’’t have to cut into their food budget!

[brentgindelberger]

I won't be 65 until June 2024, but have been doing a lot of research about this topic. I have watched several videos by others that explained the difference between the 2 ways to go, but had yet to find one that I felt comfortable passing on to my other 64 year old friends. My search has ended. Yours is the most even-handed, non-emotional one out there. You aren't just parroting the biased views of others.

[JohnEldon-wybv]

Regular Medicare plus a Plan G supplement was the absolutely obvious choice to me, because I want to choose my practitioner, treatment, facility, etc., rather than being tied down to one particular group.

[dougdellwo]

The elephant never forgetets to say thanks to you after her 95 days in skilled nursing care. She went home healthy with her finances in place.

[kenlongtin]

I have been a Medicare insurance agent for over 40 years
I am 68 and now on Medicare… I chose a Medicare Supplement

[denisebrown]

As a licensed agent 20+ years, thank you for an excellent representation..education is key

[chrisbauer]

In the 90 degree "DOG days" of July, sitting home in the A/C watching YT videos about Medicare because I just turned 64 last week and want to be well educated when I sign on the dotted line😊.

[richbev]

As a 63 yo hep cat, I'm watching as many retirement videos as I can, and must say this is probably the most useful, concise, and apparently unbiased video I've seen to date. Describing who would benefit the most from each plan, is the perfect way to help people make an informed decision. Good job!

[pgwarth]

I'm 67 and still working but planing to retire at 70. I've watched countless of your competitor videos on YT and through this process educated myself about the choices of Medicare. But your video was the BEST, most comprehensive and unbiased I've ever seen and your youthful looks belie your wise old owl wisdom.

[mdice]

As a cancer patient, my supplement G plan is serving me very well.

[donaldlembo]

I was hospitalized with a heart issue. I spent a week in hospital I had an advantage plan. I live 1 1/2 blocks from a hospital but they didn’t participate in my plan (1) I went to a hospital 1/2 hour away that did. I was sent to a rehab facility after the week in the hospital.
2 days after arrival I was informed I contracted COVID. I was isolated for 2more weeks total of three weeks on my back in bed.
When rehab began I couldn’t even stand. After 1week of intense pain and effort I was able to stand. I then received a call stating that my insurance had ended coverage and that I would be sent home I would require home care at my expense.
I appealed and was granted a few more days. It was long enough to switch to plan g just in time. My cat was my inspiration.
Everything is fine, I am walking and able to function at home now.

[jefffriedmann]

I’m a nurse case manager for a large Medicare advantage HMO. Your explanations are well structured and delivered. Great work in this year of the Dragon!

[lyns]

Your video was very good and informative. I'm currently on Supplement Plan G and thought about switching to Advantage to save the monthly fee. Even though I'm healthy and I haven't had to go to a doctor in years, I decided I don't want to worry about something happening and having to pay out more money if I'm on an Advantage Plan. I'm staying where I am. After listening to you with me, my dog completely agrees. 😋

[susanq]

What a great and thorough explanation. Thank you, most sincerely. I, and a friend, are both seniors. She with and Advantage Plan and I chose Supplemental. We both have the exact same diagnosis. Routine testing is required. Her coverage is approved for 1 time per year and has been denied for more frequent testing. My testing is approved for every time my doctor wants to do it (every 3 months). I will be pointing many to your video. Just to make the point: I have another friend, also a senior, that is older than me but very healthy. She's very happy with her no cost Advantage Plan. Thanks so much. Like an elephant, I'll never forget (God willing ☺)

[giancolabird]

I’m 68 and going part time at work so I’m losing my insurance. When my parents needed ivermectin their advantage plan dr said he was not allowed to prescribe it. My friend who had a supplement went to her doctor and he gave her the rx. Based on this info I’m leaning toward a supplement to allow for my independent nature. I prefer freedom. Run wild horses, run! I make my own future decisions, not a ‘plan’ doctor. Granted, according to this situation I would save money with an advantage plan because I’m on zero meds, no medical problems and it would be cheaper. Nope. I’ll take freedom and choice. I eat food I make from scratch, exercise, walk my dog everyday, not a TV watcher, and have self discipline. We should be the captains of our own physical destiny. I’ve started raising chickens for healthy eggs and found a lady that provides raw milk. Ok, done with my animal references and rant. God bless all of you.

[lindab]

I was just telling my chickens how happy I have been with my medicare advantage plan for the past 11 years here in St Louis. But it was interesting to listen to you review the pros and cons of each, and reaffirm that I am where I want to be. I applaud you for taking the high road and not pushing a plan because of higher commissions. Very good content. One thing I am impressed with on my plan is that it seems to keep adding valuable perks: health fitness reimbursement and hearing aids are now covered. I feel very fortunate!

[bmholbrook]

This video was so informative. My late husband was blessed to have a Supplement Plan G. Prior to beginning Medicare he began having neurological problems and was diagnosed with ALS. Thankfully we were able to receive the treatments he needed without the stress of co-pays, referrals, or pre authorizations. Instead of the healthcare process being a bear to deal with, it seemed more like leading a lamb.

[Kristenk]

As a newish agent, this video was so informative and makes me feel like I can be even more of an unbiased asset to educate and guide my clients. Sure, this is how I make a living, but I need to feel like I’m helping people make a GOOD decision. Otherwise, I would not be able to sleep soundly at night. I have seen how ugly this industry can get and it’s really a shame that some agents put more value on a paycheck over a fellow human being’s livelihood.

Great video! I give it 8/8 tentacles. 🐙😉

[debmarshall]

Great information. I will be 65 in August 2024 but am still working and am not sure when I should get Medicare. I want to go the Medicare w supplement route. My cats and I thank you for sharing your knowledge. 😃

[cyclone]

As a rhinoceros a few years from sign up time, I am tending toward original medicare and supplement. Those "second three categories" are way more of a concern for me. I'd rather pay the premium and not have the risk of higher costs when i use the medical system. I'm currently struggling to pay off accumulated coinsurance from care after an accident. I also am very averse to needing referrals. This was one of the best videos - or presentations in any format - of this topic. Comprehensive, well paced, well balanced. It answered ALL my questions, and that is really saying something with this ludicrously complex issue. It really makes me want to move to a country where medical carfe is just taken care if without any of this profit-based bullshit. Thanks for sharing this info to all.