Plan G downsides - is it really the BEST Medigap plan?

*Videos I reference*:
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Please call my office for free, unbiased assistance. We would love the opportunity to help you if we can! #medicare #medicaresupplement #medicareadvantage #medigap #turning65

[AbtInsuranceAgency]

By no means at ALL is Plan G a *bad* choice for Medicare Supplement. Many of my clients love it! However, some agents will only ever talk about the benefits of this Plan, and never share the downsides, which are important to be aware of.

[dq]

The biggest advantage to having plan G is that you're covered financially if you experience a catastrophic health event.

[malinhead]

Plan G is fine, but the rates will increase on a faster track than Plan N. And if you are lucky enough to make it into your 80s or 90s, you also want to be able to absorb those rate increases as we age. Plan N is fine too - it's just a little more cost sharing under Part B, but your rate increases over time will be less which is good for most of us. Just my thoughts.

[candeffect]

I like my HDG plan ($34 in SoCal) for max incentive to stay healthy to avoid the medical industry.

[smkymtnguy]

I was watching many YouTube videos about Medicare when I came across Stephanie. She was far and away the easiest to understand and follow. So I bought my supplement through her company. This year when the supplement company raised my rates, the Abt agency worked hard to find another company for me. I wholeheartedly suggest everyone watching these videos to use them. You won’t regret it!

[woodwaker]

I just finished watching your state specific video. I live in Missouri, every year our broker reviews plans from all companies that offer Plan G and finds the best value. We went on Medicare with Plan G 7 years ago and have had 4 providers and our rates have only increased a small amount. Very happy with Plan G, with the ability to change every year with no medical underwriting

[ChristopherWestfall]

So glad you're taking the time to speak the truth about Plan G vs. the other plans out there.
Thank you for all you do in speaking the truth about the Medicare options seniors have! You're awesome!

[barrytimm]

This is exactly why I chose Plan N instead of Plan G. Thanks for confirming my thoughts process on this.

[d.a]

Appreciate the information and efforts to steer folks toward the best plan providers. Feels like it’s a gamble no matter how much research one does!!

[dougzirkle]

Thank you for this update, Stephanie! And thank you for helping Grace & I with our supplemental plans…they’re working great!

[TyroneSettles]

Thank you for such a detailed explanation of Plan G!

[iluvmoney]

There was another video put out by another broker who showed that 25 years out ( beyond age 65 to age 90); the additional cost in premiums of Plan G over Plan N might be $ 25, 000 more over that 25 year period for a married couple. This is what people do not think about. They only look at the potential ( and unlikely) excess charges for Plan N or the up to $20 copays. But over many years after age increase in premiums of Plan G far exceed those charges for plan N.

[darrellsephus]

Cost effective? So I pay $161 for part B. $171 for plan G and $155 for Part D monthly. I also pay some costs for certain meds. And I pay additional costs when Medicare doesn't cover a specialist visit. And the costs go up every year. Fortunately I can afford this but most people who just received SSi can't.

[marklkhoran]

Great video Stephanie. I am very pleased with my plan G. Mark H

[Stefano]

Thanks Stephanie, this is very good info to know!

[WhiteRosez]

This is really good to know. Plans C and F are no longer option choices for those new to Medicare if not 65 before Jan 2020. This leaves plan G as the only option that is the most comprehensive garenteed issue choice. So now all others requires underwriting if you want to get off G later with lesser benefits.... bummer. ...oh well

[jimfields]

My Dad has a G plain, he has had colon cancer prostrate cancer and some other small problems. His wife chose the Advantage she also had cancer, osteoporosis and a broken hip, if they both had a advantage plan the cost of there medical problems would have been finically devastating!! Seniors need good coverage that they can afford . When your OLD that’s when you get health problems. It should be against the law to sell advantage plans but so many find out to late. However G plans are getting to expensive ! However if something is wrong with you it can keep you out of the Poorhouse. It’s all a catch 22

[iblou]

CA has supplement open enrollment on your birthday with out any medical under writring

[paulclark]

My wife and I went with Plan N, glad we did now that we are seeing the increases on some Gs are much more than N. Also some companies are closing admittance to their G plans so this will cause increases to these plans due to no new younger retirees coming in.

[michaelhale]

I’m afraid that some folks may not be taking into consideration what their employment insurance costs were (OOP) prior to Medicare enrollment. For my wife and I, good health will result in less cost OOP than during our work years/COBRA coverage. Yes, premium costs will go up as you age because your risk level also increases, just as it does for auto/homeowner coverage. You get one chance to get this right so do your research!