Seriously, I’m well educated, but most info I’ve read and even watched in videos is poorly laid out or downright misleading. Your videos (I’ve watched 2 so far) are the most accurate, truthful, and helpful that I’ve seen anywhere. Thanks for expressing your integrity and intelligence for the benefit of others. These ought to be embedded in the official Medicare website.

@Theretirementnerds

8 ай бұрын

Thank you so much for watching! What a nice comment! Not sure if this is the other video you saw, but this is our more recent version of this video with 2024 updates: kzread.info/dash/bejne/l4OEmZihfbPPdNY.html Thank you so much!!

Hi! I am an agent in Washington and I found your video by chance. I'll admit that I was ready to find something wrong with your information and point it out but you are actually honest and very open about all of the nuances. Great job! It's nice to see other agents doing the right thing and not being super shady.

@Theretirementnerds

Жыл бұрын

Hey! Appreciate you watching and your kind words! We feel like people are smart and will make the best decisions when they know all the facts. Still a lot of videos to make :)

@TheRykpaalt

11 ай бұрын

My wife and I are choosing supplements due to risk aversion.

@ckstaff

9 ай бұрын

So are you connected to the bulk spam calls by the hundreds pushing advantage plans? Collecting massive bulk commissions tricking folks into advantage plans? They're relentless vultures, liars and even attempt to tell you you can get all these quirks of dental, vision etc, oddly they ignore telling you of the expensive co pays and pre authorizations and how many times they reject coverage when you really need it. So even when you tell them you have a supplemental plan they try to trick you into thinking you can have both. I hope you are true and honest.

I love you honesty and transparency thank you for the education.

@Theretirementnerds

Ай бұрын

Thank you so much for watching!

I’ve just recently found your videos and appreciate how clear, concise and honest all your presentations are for your viewers. I’m learning a lot by watching them! Thank you!

@Theretirementnerds

Жыл бұрын

So glad you find these helpful! Thank you so much!

@evensdelbrun8019

Жыл бұрын

Erick can I have your phone number I have some issues about Medical supplements I d like to discuss with you Tks

As an agent, I find myself explaining that all the time @ 20:40... everyone has a different need. Excellent presentation!

@Theretirementnerds

Жыл бұрын

Thank you so much!

Best thing that has happened today (so far!) is finding your channel and finally finding the information I need presented in clear, direct and honest videos. Thank you!!!

@Theretirementnerds

Жыл бұрын

You are too kind! Thank you so much for watching and leaving such a nice comment!

I have been on an Advantage Plan for years and am very pleased. My out of pocket is low and I have wonderful doctors. My medication is by mail and my copay is zero expect for one medication. In case I need a prescription immediately the cost is still not high at the local pharmacy, and I still have my vision and dental. I personally think the PPO plan is the best. Your video was still informative.

@Theretirementnerds

9 ай бұрын

Advantage plans can be great! And so glad you are happy with your plan! Thank you for sharing!!

Yours is the most concise, informative and unbiased medicare options presentation I’ve seen. Well done and thank you!

@Theretirementnerds

Жыл бұрын

Wow, what a nice thing to say. We really appreciate you watching and taking the time to leave such a kind comment. Super glad it was helpful for you!

@pamwalker7573

Жыл бұрын

@@Theretirementnerds k km mmmkk(((kmmjjjkjj in

My Medicare Advantage PPO (Must be PPO) has all my doctors, hospitals I'll ever need. The savings over the years will more than cover any future max out of pocket costs many times.

@Theretirementnerds

Жыл бұрын

Thank you for sharing your experience! There are many Advantage plans that are excellent.

I have been going back and forth, Supplement Plan N plus Part D, and Dental vs an PPO Advantage Plan from UPMC. After listening to several of your videos, I am now leaning toward the Advantage Plan. Of all the Medicare "Experts" with KZread videos I have watched, you are the first to cover both sides of the issue honestly and concisely. Thank You.

@Theretirementnerds

8 ай бұрын

Thank you for spending some time with us :) So glad these are helpful!

One of the best and most "honest" presentations on these two options that I have ever seen. You obviously have not slanted your presentation in order to promote the option you have some kind of "vested interest" in. I appreciate this kind of impartiality. P.S. I'm going the "Advantage" route since I meet the criteria you stated for those who would prefer this route (minute 16:00).

@Theretirementnerds

Жыл бұрын

Thank you Daniel. Really appreciate this comment. That was very kind of you to say!

@DH-ro8yk

Жыл бұрын

i thought so too. great resource

@ckstaff

9 ай бұрын

Good luck. My friend recently died from leukemia, 66 yrs old. He spent most of his last couple years in bed mostly fighting the appeals process for all the rejected authorizations and he needed for coverage and never did get the full treatments available that may have saved his life. He died last spring home in bed still fighting long drawn out appeals with the insurance company. Insurance company won, outlasted him and the insurance company saved their profits. Even tried to switch to medigap but was rejected over and over. Kind of like trying to get car insurance after you wrecked your car.

I have a medigap program and for me, it is well worth it. I have several medical conditions , and cancer screening every 3 months. It truly is an individual decision.

@Theretirementnerds

Жыл бұрын

Agree with you 100%. Medigap coverage is fantastic with higher costs.

You’re absolutely right. I like Supplement plan but I am a low income person that’s why I just have an Advantage plan. I can not afford to pay the premium. Thank you so much of your very informative video.

@Theretirementnerds

Жыл бұрын

Thank you for watching and adding your perspective to these videos. Really appreciate you!

@kathyann9643

Жыл бұрын

That's the reason I decided to go with. the high deductible plan G. Only $46 per month. It's really a $226 deductible with a $2700 Max out of pocket and I can go to any doctor. It's very similar to the. MOOP of an advantage plan and even lower than some.

@Theretirementnerds

Жыл бұрын

@@kathyann9643 HD Plan G is a great option if it is available in your area. A nice balance between regular Plan G and Advantage.

@dotherightthing1187

Жыл бұрын

@@kathyann9643 That G plan in your area is really reasonable. In our (MN) the lowest is $200. Lucky you.

@kimdiedrich9712

9 ай бұрын

@@Theretirementnerds Is it available in Wisconsin or where can I find that information?

You are the BEST at breaking it down. I feel better about what plan that fits me. The video was GREAT ! Thank you !

@Theretirementnerds

9 ай бұрын

Thank you so much! We have an updated version coming soon!

Thank you so much for the easy to understand explanation. You are awesome!

@Theretirementnerds

Жыл бұрын

Thank you Alex!

Great videos. Thanks.

This was so informative and easy to understand. Thank you so much!

@Theretirementnerds

Жыл бұрын

So glad it was helpful, thank you Joyce!

Thank you for that Great honest presentation definitely the best one love your non bias and transparency explanation you demonstrate really help me to understand what is the most important things you need to know .

@Theretirementnerds

Жыл бұрын

Thank you for the kind words! 🙏

This is the best explanation I have heard from anyone including my agent. Thank you.

@Theretirementnerds

9 ай бұрын

Thank you so much for saying this! We have an updated version coming out soon!

Best presentation I have seen regarding the basics. Thank you!

@Theretirementnerds

Жыл бұрын

Thank you so much Judy!

Excellent information and exceptional presentation. Thank you for this video, and you others videos!

@Theretirementnerds

Жыл бұрын

Thank you so much!

Going to visit a local agent tomorrow, turning 65 later this year. Thanks so much for your video, was very informative and helpful..

@Theretirementnerds

Жыл бұрын

Glad we could help!

I have had Kaiser Advantage for 10 years. Apart from Part B, the most I have spent in any year is $400. But the real reason I like it is that it is an integrated system so nothing falls through the cracks and I don't have to make endless visits all over the place. The staff are salaried so there is no fee for service; no unnecessary procedures or visits; a lot of things are handled online or over the phone. I was hospitalized in England and Kaiser reimbursed me for the entire cost. As a retired MD (no, I didn't work for Kaiser) they get my vote.

@Theretirementnerds

Жыл бұрын

A lot of people we know love their Kaiser plan for all the things you mentioned. Thank you for adding your insights to this conversation!

@mijuajua4820

Жыл бұрын

Good to know!

@alansach8437

Жыл бұрын

My dad had Kaiser insurance. I remember him having me take him in for severe chest pains. They examined him and sent him home with antigas and an appointment to come in for tests. I took him home. The next morning my sister went over to visit him. When he didn't answer the door she sent her 6 year old son through a window. He found his grandpa lying on the floor, dead from a massive heart attack. Of course, that is no reflection on modern day Kaiser. That happened 45 years ago. Still, you can understand my reluctance to trust Kaiser.

@whodidit99

Жыл бұрын

HMO or PPO?

@DavidP92105

Жыл бұрын

There are good or not so good doctors everywhere!

Great video ... thoroughly explained the differences between Advantage and Supplement plans

@Theretirementnerds

Жыл бұрын

Thank you so much!

Thank you for giving such a great comparison of the two. I have to do this day in and day out with my patients as a Solid Organ Transplant Financial Counselor. I battle up against so many Medicare Agents who push for Advantage plans when that is not always what is best for Transplant patients, especially when it comes to anti-rejection drugs. I was taught that Medicare Supplements are the "No Bills in the Mailbox Plan" (when it comes to their general medical benefits- prescription coverage aside).

@Theretirementnerds

10 ай бұрын

Thank you so much for watching! We have an update in the works for 2024!

Thanks for another excellent video. Keep up the great work! 🎯

@Theretirementnerds

Жыл бұрын

Thank you David! Trying to help one video at a time :)

It is important to note prescription drug plan formularies are NOT the same, they don't cover ALL medications and could place a covered drug in totally different tiers. The same prescription could cost $100/m and be subject to the deductible on a plan and cost $0 on another, so just considering the monthly premium isn't enough, whether it is a stand alone PDP or bundled into a $0 premium MAPD. Also, not all PDPs participate in the Insulin Savings Plan.

@Theretirementnerds

Жыл бұрын

Very good points all around. We have a Part D deep dive video we released recently (kzread.info/dash/bejne/Y2t6mK6Ok9jQdKg.html) and we touch on formulary and tiers a little, but after your comment, I think a video around the points you bring up is probably in order 🙂

Thanks again

Thank you so much for this video. It really helped us to understand the differences. We are still undecided and do not want to base our decision on $ but more on our health care.

@Theretirementnerds

9 ай бұрын

Thank you so much! So glad it was helpful!

Thank you for your wonderful information on advantage plan and regular Medicare

@Theretirementnerds

Жыл бұрын

Thank you for watching!

Thank you very much. Very helpful video.

@Theretirementnerds

Жыл бұрын

So glad it is helpful!

Great presentation of both sides of a very common question. Thank you

@Theretirementnerds

Жыл бұрын

Thank you so much Sherry!

Very informative and clear presentation, everyone should watch this before choosing a plan. I switched to an Advantage plan last year but wish I had seen this first. I didn't realize I would be subject to medical questions and could be denied coverage if I wanted to switch back to a supplement plan. I especially wish I had known the insurance company had more say over my care. I just assumed I needed to stay in the Plan network, and I was okay with that. Keep up the good work of presenting all the options and risks so more people can make an informed decision. Thank you!

@Theretirementnerds

Жыл бұрын

Thank you for watching and adding your thoughts. I wish we had met earlier!

@zxhmike

Жыл бұрын

You might still be able to switch back to Medigap without medical questions thanks to the 12 month Medicare Advantage trail period. Good luck.

Once again you hit it out of the park: Great information.

@Theretirementnerds

Жыл бұрын

Thank you so much! Appreciate you taking the time to write this

My agent continuously lied to me throughout the entire process. Right to my face. I switched from advantage back to Original just in time after talking with 6 agents and only 2 of them told me the truth. Do a LOT of research before signing up....This guy is telling the truth.

@Theretirementnerds

9 ай бұрын

Sorry you had to experience that. Thank you for watching and sharing!

you answered my question toward the end.

This is great 🙏thank you so much your channel just happened to come on my screen...I love how sincere and thourow you are ....thank you I'll revisit for sure !

@Theretirementnerds

9 ай бұрын

This made our day! Thank you!!

@sibylleacatos

9 ай бұрын

@90DaysFromRetirement you're welcome. I'll keep watching it !

Very helpful! What a releif to get unbiased information. I wondered about all the advantage plan adds I have seen and wondered where the hook was. ( I assume the suppilmental plan companies see the advantage plans as syphoning off healthy people who could pay into their systemand lower exposure.) My choice seems clear, older but still working, part time now (have to pass a DOT physical each year) have a family history of good health so my risk of cronic health problems seems low and all my medical contacts I see now are in the network.

@Theretirementnerds

Жыл бұрын

Thank you! Appreciate you watching and commenting. There is more profit potential in there for Advantage plans, which is why you see a lot more ads around it all. We have a video coming out soon that actually breaks that down where those dollars come from. Supplement plan carriers are most often for-profit entities as well, just smaller numbers.

Thanks. Very clearly presented.

@Theretirementnerds

Жыл бұрын

Thank you!

Thank you for your thorough explanation of Medicare. It is so very helpful.

@Theretirementnerds

8 ай бұрын

Thank you so much Deborah! Appreciate you watching :)

Great job explaining all this ! Thank you😊

@Theretirementnerds

9 ай бұрын

Thank you for watching! We are coming out with an updated one that goes into even more detail and with 2024 numbers here soon :)

Very informative and helpful videos! Thank you 😎

@Theretirementnerds

Жыл бұрын

Thank you Dan!

excellent video and thank you for the transparency.

@Theretirementnerds

Жыл бұрын

Thank you for watching Michael!

Ditto to other comments, the most clear and honest explanations of the two plans.

@Theretirementnerds

Жыл бұрын

We appreciate you watching and leaving such a nice comment. Means a lot!

I will recommend this to people just starting to explore medicare. This would have been helpful for me, To get started

@Theretirementnerds

Жыл бұрын

Thank you so much! And yes, please share 🙏

You are doing a good job of not telling the biggest corrupt medical plans.

It sounds like people who plan to travel a lot might be better off with a supplement plan to avoid the out of network issues when traveling.

@Theretirementnerds

2 ай бұрын

Less to think about for sure. Advantage plans are required to cover emergency care as in-network. But supplement is a lot less to worry about.

True i have copayments

the agent I went to in fl was pushing advantage even went as far as saying 60 % of plans they sold were advantage and less than 10% were supplements this is in Naples Fl where people are wealthy and can afford supplements . No matter what I said he tried to steer me to advantage so a lot of brokers can't be trusted I left with a sour taste in my mouth and 3 brochures on advantage plans and none on supplements HA.HA.HA> thanks for your straightforward info and by the way our premiums in fl are way more than other states so im probably stuck with advantage anything with that much adverts is always a too good to be true situation

@Theretirementnerds

Жыл бұрын

Florida is expensive. High Deductible Plan G is quite popular in Florida. Ya, if someone only presents one option, that's usually a red flag unless, as an example, someone lives in an area that doesn't have Advantage plans, then only presenting supplement makes sense. Also, it is illegal to put someone who is on Medicaid on a supplement plan, so Advantage is presented. Outside of that, should be mentioning both.

Thank you for sharing. Very informative

@Theretirementnerds

10 ай бұрын

Thank you for watching!

You should mention that if someone had chose a supplement plan and then decides to try a Medicare Advantage Plan and decide they don't like it they can switch back to the Medigap plan within the first 12 months with no underwriting. It's called a Trail Right Exception.

@Theretirementnerds

Жыл бұрын

Excellent point! That one slipped through the cracks on our long video!

@SuRFerretti

Жыл бұрын

Also, it is easy to switch around on MAPD plans if your health situation changes (ie chronic special needs plans), but switching supplement carriers after the guaranteed issue wears off could be impossible.

@Theretirementnerds

Жыл бұрын

@@SuRFerretti great point. Yes, we are currently in the Annual Enrollment Period where people can switch each year. There are often opportunities in our area where carriers will allow switching to "like plans." So some will say, you are o. A Plan G with XYZ company, you can come to our Plan G with no medical questions. It isn't always an option, but it does happen.

@yocastatapia-lugo85

Жыл бұрын

Can someone confined to a bed qualify for a supplement plan?

@Theretirementnerds

Жыл бұрын

@@yocastatapia-lugo85 Supplement plans are guaranteed issue when you first get Medicare post-65. No health questions. No pre-existing conditions will prevent you from getting one.

Excellent information, thank you!

@Theretirementnerds

10 ай бұрын

Thank you!!

Great information. Thanks!

@Theretirementnerds

Жыл бұрын

Thank you Michael!

Thanks for the information - clearly explained!

@Theretirementnerds

9 ай бұрын

Thank you so much! This is the 2024 update 🙂 kzread.info/dash/bejne/l4OEmZihfbPPdNY.html

clear and concise, very objective

@Theretirementnerds

Жыл бұрын

Thank you John!

Great job. Very helpful!

@Theretirementnerds

4 ай бұрын

Thank you, Brian!

I'm 86, pretty gosh-darn healthy. I use very VERY few prescriptions if any. Most I actually refuse & I'm still here. Wouldn't I be better off with a low cost Advantage plan than to get the "best" Original Medicare high priced plan?

@Theretirementnerds

Жыл бұрын

That's the big question :) It is all about risk tolerance. Would you rather save money now in hopes that nothing goes wrong and have a rainy day fund in case something does happen? Or, would you rather pay the premiums as a sort of forced savings mechanism so that if something does go wrong, you don't need to worry about having an emergency fund. So happy to hear you are so healthy!

Appreciate the transparency on commissions....

@Theretirementnerds

8 ай бұрын

Thank you so much! We have a few other videos that address them as well. Some of our more recent videos. It's important that people know :)

Thank you, very good information

@Theretirementnerds

11 ай бұрын

Thank you so much!

Great summary. Good information. Thank you. Large HSA balance here, thank God!

@Theretirementnerds

9 ай бұрын

Thank you so much! HSAs make a big difference!

Good information. Thanks!

@Theretirementnerds

10 ай бұрын

Thank you so much!

Well done explanation between two Medicare plans!

@Theretirementnerds

Жыл бұрын

Thank you so much for watching and taking the time tobleave such a nice comment!

Great video thank you!

@Theretirementnerds

6 ай бұрын

Thank you! This is an updated version of this video 🙂 kzread.info/dash/bejne/l4OEmZihfbPPdNY.html

@jhors7777

6 ай бұрын

@@Theretirementnerds thank you! I will look. Your agency gave me an affiliate number for Minnesota that I will work with.

If the US had single-payer Medicare For All, you would have a single card, a single login. You would have no-cost medical care, emergency care, doctor care, specialist care, hospital care, dental care, hearing care, vision care, long term care, nursing home care (none of the medicare plans cover nursing homes), mental care, dementia care, prescription drugs, and so on. There would be no denial or delay of coverage which we see with corporate healthcare where they deny and you resubmit multiple times. The best least costly of all worlds is single-payer M4A.

I have subscribed to your channel due to the great and simple explanations on this topic of Medicare plans. I have a question on deductibles for Original Medicare Part A. I understand that the deductible for Part A is $1556 in 2022, and has to be payed on each occurrence, maybe two or three times in that year. My question is, would I also have to pay these Part A deductibles with a Medicare Advantage Plan HMO, or are they covered in this Plan?

@Theretirementnerds

Жыл бұрын

Great question. Advantage plans replace original Medicare, so that Part A deductible isn't applicable with an Advantage plan. What typically happens is that the Advantage plan has its own daily copays for days 1-5 as an example and then after day 5, the Advantage plan takes care of the rest. Those copays would go towards the Advantage plan Out of Pocket Maximum.

Related to "managed" care - I heard this, but I do not know if it true: With Supplemental, the company cannot cancel your insurance, even if you are costly to the company, as long as you pay your premiums. With Advantage, the company can cancel your insurance whenever they want (like when you become costly to them) - even if you have always paid your premiums.

@Theretirementnerds

Жыл бұрын

Haha no, no. The advantage plan cannot kick you off because they don't want you. If the company offering the plan you are on leaves the state and your plan is no longer available or the plan is shut down because of fraud, you would be notified this is happening with plenty of time to find something else. If either of those happen by the way, you could go on a supplement plan and be guaranteed issue at that point

I am 67 years old and I just lost my Medicaid/Wellcare coverage because my SS and teacher’s pension has now reached $300/month over the poverty level. I just signed up for the only Advantage plan available in my area with United Healthcare AARP. I never knew I could talk to an agent first for advice. Where do I find this agent to give me “unbiased” advice? BTW, I just discovered your channel and absolutely love your videos. Thank you so much for providing all this helpful information!!!

@Theretirementnerds

9 ай бұрын

Happy to help in any way we can. My email is erik@90daysfromretirement.com Include your zip code and we'll have someone licensed in your area connect with you.

Very informative. I love tigers!

@Theretirementnerds

4 ай бұрын

Thank you! Tigers are absolutely majestic!

Thanks

@Theretirementnerds

Жыл бұрын

Thank you for watching!

This is the BEST explanation of how Medicare plans compare that I have ever seen. Finally I realize why I like the Advantage Plan (I am risk tolerant) and my wife likes the Supplemental Plan (She is risk intolerant). She has an agent and has Plan F through United. I do not have an agent. My insurance is through Aetna Medicare PPO. Should you become my agent? I would like that. Jack Ward

@Theretirementnerds

Жыл бұрын

Hi Jack. So glad this was helpful! It is so interesting to see how often the spouses play out like that because of what you mentioned with risk tolerance. If you'd like to interview us on being your agent, shoot me an email at erik@90daysfromretirement.com and we can figure out if we'd be good for you. Thank you for watching!

Excellent information

@Theretirementnerds

Жыл бұрын

Thank you!

Very good! If I lived in your area, I'd go to you, Sir.

@Theretirementnerds

11 ай бұрын

Appreciate you saying that. Thank you!

I am a Mountain West state as well (Montana).

@Theretirementnerds

9 ай бұрын

Thank you for tuning in! Utah 🙂

This is a very informative video as I am doing research for my parents who will both be retiring next year. You are correct; the agent they talked to through their own insurance company was pushing the Advantage plans. This person though was not a total expert in Medicare and worked mostly with health care coverage (when people lost their group plan). I worked in the medical field for a few years and during COVID did a career change so I have a decent understanding of insurance. My Dad is considering an Advantage Plan and my Mom the original Medicare. I am going to direct them to your channel. This is the most honest video I have seen on this subject. So are you saying it's best they find a local agent or can they use someone here on You Tube that works nationally and is licensed in most States? Also, is it best to find an agent that specializes in Medicare? Thank you once again for your hard work and explaining the pro and con so people can make an enlightened decision for themselves.

@Theretirementnerds

9 ай бұрын

We would definitely recommend someone who specializes in Medicare. We, along with other agencies have partners who are licensed in every state, but not physically located in every state. So, if someone is comfortable with a zoom call or phone call, the agent doesn't have to be local. For others, they prefer a local presence, which is totally warranted. Feel free to send me an email to erik@90daysfromretirement.com and happy to help in any way I can, even if it isn't using us. Thank you for watching and your kind words. We are working on a new and improved version for 2024!

@shannonk.6528

9 ай бұрын

@@Theretirementnerds One last question if you don't mind. If you change from one plan to another (I.E. you have Original Medicare, change to an Advantage plan then want to change back to Original Medicare) what is involved? Do you. have to go through a Medical Exam where you could possibly be denied? Thank you again.

As I'm approaching my 65th birthday, I've been watching many different KZread videos from many different channels about Medicare topics, I have to say yours is the best of them. Thank you for all the easy to follow videos and please keep doing them. I have a request for you to make a short video on people that are 65 or older but still have insurance coverage through working spouse or from work. What do they need to do, if any, specifically about eligibility for Medicare gaps G, N etc? Can they still sign up for these gaps after their spouse/work insurance coverage ends? Let's say they stop working or their spouse stops working when they're 67. I understand you have 6 months to apply for these gaps regardless of your health condition when you're applying for Medicare at 65. Thanks in advance for your video on this subject

@Theretirementnerds

Жыл бұрын

Sincerely appreciate you saying that! Made our day! We are on the same wavelength because we have that exact video recommendation in our list of videos to shoot, hopefully in the next week or two. The short answer for you now is that you would still be okay to get a supplement plan if you wait past 65. When you lost group benefits from your work or your spouse's work, you have a special election period where you would be able to sign up for Medicare Parts A & B. The Medicare Supplement Open Enrollment Period is 6 months from your Part B effective date. So if you get Part B at 67... let's say January... you have 6 months to get your supplement plan with guaranteed issue. Does that make sense?

@tienbao5299

Жыл бұрын

Yes it does👍 Thanks for the quick response and looking forward to that video and of course all of your future videos.

Good advice

@Theretirementnerds

10 ай бұрын

Thank you!

Excellent vídeo Advantage v Supplemental. Any info on Supplemental coverage abroad for emergencies?

@Theretirementnerds

Жыл бұрын

Usually a reimbursement if it is an emergency. You will pay the cost of the service abroad and then submit the claims to your supplement insurance company who would reimburse you. Thank you for watching!

I have my past work insurance as a supplement and while I pay for the supplement with none of the trinkets in your first three blocks of Advantage I don't pay anything at the doctors or hospitals. And there's some hidden costs to trinkets. So if they took all the money for all these agents, all that's for ads and the thousands of phone calls I get and the mailbox full and put it into just medical I wonder want would happen. Wow a bunch of cards, I have medicare and blue cross. People have to decide if Dental and Vision are necessary to them, the gov still pays for a couple cleaning and office visit at the dentist and for eye, you usually buy something that last for years and if you go for eye and they're seeing you for something like eye infection, make sure they report it as medical then it'll be covered.

Good info

@Theretirementnerds

Жыл бұрын

Thank you!

Good video

@Theretirementnerds

Жыл бұрын

Thank you for watching!

Erik, I understand that one can sign up for a Supplement plan any time during the year. Is that correct? How about advantage plans? In other words, can one defer signing up for these plans after initially signing up for Medicare parts A and B??

@Theretirementnerds

Жыл бұрын

Hi Jeff, not without consequences. For a supplement plan, there is a window where you can get one without medical underwriting. That window begins on your Part B effective date and ends on the last day of the 6th month after your Part B effective date. If you do not sign up for a supplement plan in this window and choose to get one later, you will have to go through medical underwriting. With an Advantage plan, you have a 7 month initial enrollment window that starts 3 months before your 65th birthday, includes your birthday month, and goes 3 months after your 65th birthday *if you are signing up at 65. If you are working past 65 and come off of your group plan, you have a Special Election Period that is a 63 day window from when you lost group coverage.

We’ll done my friend. Always sad to see all the misleading information on advantage vs medsup but this was done very very well. #respect 💪🏾

@Theretirementnerds

Жыл бұрын

Thank you so much!

Can you please send me names of advantage care agents in the Nashville TN area. This was a very helpful video.

@Theretirementnerds

Жыл бұрын

Hi Penny, can you send me an email to erik@90daysfromretirement.com and we can connect you via email?

Wow! That is a lot of complexity.

@Theretirementnerds

Жыл бұрын

Indeed! Thank you for watching!

If I can ask a stupid question- I have Medicare Part A and B. Then I have an advantage plan with prescriptions through Anthem and paid in part by my former employer. Does what you are talking about apply to me? I am confused on the supplement Vs advantage plan. thanks

@Theretirementnerds

9 ай бұрын

Thank you for watching, and it's not a stupid question at all. There are employer sponsored plans for retirees like what you have. They act almost like a mix of these two. If you are happy with it, you can keep it 🙂

Thanks very much please send info on agents for Virginia

@Theretirementnerds

Жыл бұрын

Thank you Heather! Can you send me an email to erik@90daysfromretiremment.com with your zip code and w can connect you!

I don't see many single subject plans for dental, vision, and hearing. Most are a combination of all three. So one card, one login, one price. However, it's also one monetary benefit ($1000, $1500, or $3500) that is used between the three coverages not per coverage.

@kimdiedrich9712

9 ай бұрын

I have Physician's Mutual dental plan for 53.00 monthly and am happy with it. It figures about the same if included in supplemental, but do the premiums raise faster since it's a bundle? I have not added vision to mine because I get low cost exams through Walmart that test everything I need for eye glasses. Medical insurance paid for ophthalmology tests & procedures.

I am retired and collecting SS. I enrolled on Part A only on 65th birthday (3/2020) and have been on my wife's insurance (company over 20 employees) for about 8 years. I now wany to enroll and Part B and buy Parts D and G. When is the enrollment period using the SEP rule? I would like to start the full Medicare program within the next 3 months if possible. Thanks for your help.

@Theretirementnerds

Жыл бұрын

You have 63 days from when you lose employer coverage. You can start the Part B process before then and set your Medicare start date for when you lose your wife's employer coverage. Great question! If you'd like our help, feel free to send me and email to Erik@90daysfromretirement.com with your zip code 😊

Is it true that if you go with a advantage plan You are stuck with it forever you cannot ever go to a supplement plan?

@Theretirementnerds

Жыл бұрын

That answer, like almost all with Medicare, is it depends haha. This video should help clarify the different scenarios: kzread.info/dash/bejne/lp6pqceCaJWffZc.html

I feel cheated-our agent didn’t explain all of this & now my husband who has several chronic conditions with surgeries, infusions, huge premium drug costs was told an Advantage plan was best for him! I doubt he could make it through the medical underwriting now!

@Theretirementnerds

Жыл бұрын

I'm so sorry to hear that you had a bad experience 😔 Agents matter, like any profession. It can be hard to know who to turn to and, decisions made at 65 in good health may have been decent decisions, but as we age, the odds of needing more care rise. So we try to help people understand the risk/reward of both options, not just now, but later.

@dotherightthing1187

Жыл бұрын

It's sad but I feel there are a lot agents that are going to sell you what they make the most money selling. If they don't explain the difference you need to get a different agent and make sure your friends know about this agent. My experience with agents tells me they tend to want to sell the advantage plan but when you ask about plan G they drop the advantage and want to sell you plan G. A good agent should know the difference and explain it to you. I think I might start testing local agents to find how honest they are.

@Theretirementnerds

Жыл бұрын

@@dotherightthing1187 it's a good plan you have. Nothing wrong with looking around and going with someone you trust.

I’m confused my Medicare advantage plan seems to have some Medicare supplement pieces in it that possible that they have both in one plan that really sucks so they’re taking advantage of me under the guise of being a good friend

@Theretirementnerds

Жыл бұрын

What features seem to be supplement features?

If I knew I would never get sick, I would do an advantage plan. Fortunately I am a bit more realistic and dug into it. I would not take the risks of taking the advantage plan and the pre authorizations, large out of pocket copays and ever having to go through long appeals to get a procedure approved. My 94.00 per mth premium for my N plan and my 240.00 deductible pales in comparison to the out of pocket costs with advantage and copays should I get hospitalized or if my local hospitals drop advantage plan patients, which looking into it that is happening around the country. I choose my doctors, anywhere in the U.S. with no insurance involvement or pre authorizations that decide if I get covered or not. Choose wisely folks. You may win your appeals that they originally rejected you coverage, but it could take so long to go through the layers of appeals you may die before you win. Advantage companies will wear you down and know where their profit margin on your care costs them money and no profit. You will then be sent home to die as my friend who had leukemia and was constantly fighting his insurance company in his sick bed at home. The insurance company out lasted him. No supplement plan would accept him with him already being sick..

I was told today that if I've been on advantage and try to switch to original+supplement, there will be a medical questionairre for which I can be denied coverage due to "wrong" answers?

@Theretirementnerds

Жыл бұрын

This will depend, but usually, the answer is yes. Here are 3 scenarios: 1. If you went on Medicare at 65 and chose an Advantage plan, you can switch to a Supplement plan within 1 year with no questions asked. 2. You went on Medicare at any age, chose a Supplement plan to start, then switch to an Advantage plan, you have 1 year to try it out. If you want to switch back to supplement, you can within 1 year. This is only on your first time going from Supplement to Advantage, you can't keep switching back and forth. 3. You went on Medicare after 65 and took an Advantage plan OR you took an Advantage plan at 65 and it has been more than a year, then yes, if you want to switch to original + supplement, there will be a medical questionnaire. The insurance company can either accept you at your age rate, they can accept you but charge you higher premiums than they regularly would, or they could deny you. It isn't so much answering questions "wrong." You need to answer them honestly. They are asking about your health and any medical conditions. Certain, high-cost, chronic conditions will cause the insurance company to not want to take on that risk. Does that help?

@friendsofjandt

Жыл бұрын

@@Theretirementnerds tough to get into without getting into private health info...thanks for the response. do you know any agency that helps with questions like this? would love to talk it out but would rather do so privately...

@Theretirementnerds

Жыл бұрын

@@friendsofjandt send me an email to erik@90daysfromretirement.com with your zip code. If we can help, we will. If we aren't in your state, I can connect you to someone who can.

Is there an additional 15% on co-insurance tacked on by the doctor?

@Theretirementnerds

Жыл бұрын

If the doctor does not participate with Medicare, there can be an up to 15% additional charge called an excess charge. That is covered with a Plan G supplement. Not covered by a Plan N.

You can get a insurance that covers the high inpatient out patient co pay. Worth it

@Theretirementnerds

Жыл бұрын

Hi Sandra, correct. We will have some videos coming out on that in the future. Thank you for watching!

A couple of thoughts and I acknowledge that we may have different experiences. What I see is that low to middle income beneficiaries enroll in Advantage plans. Higher income beneficiaries enroll in original Medicare with Medigap and prescription drug plans. Beneficiaries that have IRMAA almost exclusively enroll in original Medicare and Medigap plans. Your format compared the cost of zero premium Advantage plans with Medigap plans that would require a separate dental plan. This is almost an apples to oranges comparison. Virtually all zero premium Advantage plans with dental coverage provide very, very, basic dental coverage (same with vision and hearing). A separate dental plan is typically much more comprehensive and appropriate for individuals who need dental care. My biggest concern with this video is that you underplayed the significance of prior approvals which are a key element in reducing costs in managed care Advantage plans. Prior approvals can delay and/or deny necessary medical care. It is misleading to suggest that original Medicare also requires prior approval for medically nessary services that are covered by Medicare.

@Theretirementnerds

Жыл бұрын

Appreciate you watching and adding your perspective. For your first point and income trends, it is an interesting observation. We're assuming you are an agent? If not, you can correct us. In general, yes, people who have the means to afford supplement plans are more likely to get supplement plans. We do see a significant number of very well-off people choosing advantage plans because of the mindset of not wanting to pay for something they don't use while still having the means to handle a bad year or years hitting the MOOP on Advantage plans. So many different mentalities on this, but if people do not have at least a certain amount of wealth, they cannot afford supplement plans. The format was the best we could do. Not sure how else to compare Advantage plans that come with dental to supplement plans that do not. To the point of zero premium advantage plans having very, very basic dental and vision... that depends. Location is important. Carriers in the area and plans are important. There are several zero premium Advantage plans around here locally that have stronger dental benefits than the standalone offerings. There are also others that do not. For your third point, we had to go back and watch how we covered the administration of the two plans because it has been a while, but after watching again, we aren't fully understanding your disagreement with this section. We say almost verbatim what you wish was said as well as more on top of that about the negatives of Advantage plan denial and prior auth processes. On the supplement side, similarly, we only mention that if the procedure is not approved by Medicare, it will be denied, otherwise, if it is approved by Medicare, it will be approved by Supplement plans - no questions asked. Not really sure how else we could've phrased these. Again, appreciate your feedback and insights! Thank you for watching and reading this far :)

@colleenconger5265

Жыл бұрын

Hopefully, they explained it a little bit more in depth to you, because he says more than once it depends on where you live, etc on the exact cost, and what is covered!

Can you please send me names of agents in the Illinios Chicago area that can help me decide between advantage and supplement plans? Thanks for your help.

@Theretirementnerds

Жыл бұрын

Hi Massoud, yes. Got your email. We will connect you tomorrow. Thank you for watching!

Excellent presentation! How can I get in touch with you or your company?

@Theretirementnerds

Жыл бұрын

Thank you Chris. Send us an email to Info@90daysfromretirement.com and we'll get you taken care of!

what if I get a supplement plan and my husband is not retired and I get on his dental and vision? Is that possible?

@Theretirementnerds

Жыл бұрын

If your husband's employer group allows it, you can do that :)

I just switched to G supplemental but was just approached going with only a Medicare savings plan. 0 copay but high deductible. Why isn't this discussed?

@Theretirementnerds

Жыл бұрын

These plans are for low incomes and vary by state. While applicable, when addressing the majority of those going on Medicare, these plans are not available to most.