Impact of Inflation on Your Medicare Plan 2024

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00:00 Introduction
02:05 Original Medicare Part B
03:50 IRMAA
04:50 Original Medicare Part A
06:55 Medicare Advantage Plans
14:20 How to Hedge an Advantage Plan
14:52 Medicare Supplement
17:10 High Deductible Supplement Plan G & Plan F
18:25 Managing Medigap Inflation
19:40 Conclusion

When choosing a Medicare plan, you must consider the impact of inflation and the inevitable increases in medical costs over time. You may have your Medicare for 20 or 30 years or longer. Understanding how your Medicare plan is impacted by inflation is crucial to your long-term planning.
In this video I will review how different parts of Medicare are impacted by inflation. This includes Original Medicare, Medicare Advantage plans and Medicare supplements.
I will also discuss what you can do today to hedge against rising costs or declining benefits in order to maintain your best Medicare coverage over your lifetime.

#medigapseminars #medicareadvantage #medicaresupplements

[harveyh]

Thumbs up two days before the presentation because I'm sure it will be extremely informative. Standing by.

[mdanderson]

Thanks for the information. Always informative. I have a plan G through your company and I have had it almost a year now.

[tonyhauser]

Fantastic information and very helpful. Thanks for sharing.

[billygraham]

I am a super-LOW income person in California and after 1 year on Medicare, which was Medicare Advantage, and just today I “unenrolled.” Was told I MUST enroll by January 1st 2025 in a “credible” part D supplement. So only parts A, B, about D for me. But the he State of California with MediCal (Medicaid) might kick-in to cover the co-pay and maybe a reduced price “part D.” Actual I don’t know for sure but this is the way it worked with the Medicare Advantage so I expect some help with the supplemental plan. Why did I make this move? Because Medicare Advantage in California is just so very terrible. So I MUST switch. Where do I find the CHEAPEST part D plans? And so what am I to pay for any treatment? 20% plus the cost of the drugs under the part D coverage I plan I am on? If anyone knows and is willing please give me your advice. Thanks

[KenK]

Can Medicare Supplement (G) Plan mthly cost be increased more than once per year?

[sargonaldent]

Just wondering if you have a video that covers having an HSA account and selecting the correct supplement to maximize the use of such account without risking higher out of pocket when it empties. I know that is a lot but thought i would ask.

[dennislaplant]

Can I get an indemnity policy that covers my Plan N copays & excess charges?

[stevec]

A supplement is already insurance to cover our insurance (part A and B) and now we need an indemnity (insurance) to cover our supplement. When will this end?

[IGotsToKnow]

My GHD, since 2022, is helping me to stay healthy with the incentive to avoid the high deductible.
The premium will be $40 in October from $34.
I would probably be less healthy with a G plan.

[kmiller]

Mathew, How free are you to switch supplement plans if you start medicare with a supplement plan? If i begin with a G, could i switch w/o underwriting years later to a N, or to a Hi-deductible G? If so, would i have to stay with the same company?

[kmiller]

I think you said in one of your videos (can't remember which one) that ill people who want out of advantage plans are being forced into Plan G, which will likely drive G premiums up even more. Question: Is that forcing to G happening in all states, and will that increasing premium risk also be seen in High Deductible G plans? Thanks for your clear videos

[dennislaplant]

I don't have a Medicare Advantage plan, but wouldn't a zero premium MA plan also be able to adjust for inflation by getting a bigger capitulation payment from Medicare?