Medicare Supplement Plans Explained ?

Medicare Supplement Plans Explained ?

hey guys today we're going to take a look at the best Medicare supplement plans in 2016 we're going to take a look at how to compare plans across multiple companies and also how to go about saving the most amount of money out sacrificing any benefits 

the only medicare benefit change in 2016 was the increase of the Part B deductible from 147 dollars a year to 166 dollars a year in 2016 this does affect all plans and not just the plans that don't cover the Part B deductible for example Plan F does cover the Part B deductible and an increase on the deductible will increase the premiums on plan f 

as it will increase the ad apakah deductible on plan G and n so all plans are affected one way or another the best Medicare supplement plans in 2016 or the most popular ones are plans F G and n this has almost always been the case as these other plan lenders just don't make sense when you compare the benefit versus the premium against the more popular plans F G and n it's important to note that these plans are exactly the same matter

what company is offering them for example plan F with United Healthcare thinks exactly the same as plan F with Aetna or mutual Omaha or Cigna or any other company out there the only difference is the price at each company charges same thing with plan G and n also it's important to know that any of these plan letters no matter what company will have it with 

they're going to be accepted anywhere in the country that takes Medicare so if you have a plan G with United Healthcare I'm sorry you know health care doesn't offer plan G so yep that would not be possible so you have that plan G with for example Mutual of Omaha I read now they're going to accept any where that takes Medicare whether you're in Alaska California Florida or anywhere in between 

so any carrier any plan letter can be accepted any provider that takes Medicare no networks or referrals are needed and the rates will go up over time there's really no way to prevent this from happening whether the rates that you start with when you're 65 are not going to be the same rate set you're going to have when you're 75 they're going to increase over time 

some plans more than others I'll get into that a minute the best way to minimize that is have a broker shop the rate for each year and that's what we do for all our clients and as far as the best of the best Medicare supplement plans 2016 plan G&N provide the most value and I'm going to get into that right now plan G covers all benefits than our fully that are not fully paid by Medicare with the only exception of the Part B 

deductible not covered you can see here I put in 166 it just means that under plan G the most you pay out-of-pocket for the year is a hundred and sixty six dollars obviously besides the monthly premium so you know the part a coinsurance Part B coinsurance every other benefit under the Medicare level that's not paid in full on plan G does pick up at 100% 

the reason why I recommend plan G the most is the rate increases on plan G are much much less than plan f on average we see a about a 9% increase on plaintiff and about half that on plan G or less and when you look at the premium between F and G the premium difference almost always outweighs the deductible 

for example a plan F could be 150 month or a plan G would be 110 a month so 40 a month times 12 way more than covers that deductible and to see a rate comparison just give me a ring at 800 208 for 974 and be glad to go over some rates with you or you can go on my website Medicare savings Entercom and put in a quote request 

there so a closer look at the actual premium differences here between the three plans used just some averages here this isn't going to be exact you know a lot of factors involved such as a company within the state that you're in but industry average about eight percent increase on Plan F and three and a half percent on GNN some years more some years less 

so just a ballpark here button generally this is what we see I'm over time you can see Plan F over time is going to have a higher increase on the rate as you get older or plans you're going to stay more stable and again no shopping the rate what we do for our clients will shop the rate each year and if another company has a lower rate 

let's see like when you're 70 I'm from the time you were 65 is time or 70 there's some newer carriers is new lower rates we can you know simply move you to another company with a lower rate if we can get your approved with underwriting you have any questions on that just give me a call a few examples for rate increases from companies equitable Life and Casualty 

a great company out of Salt Lake City Utah smaller company but very competitive very easy to work with their planet for example here not in half increase on that for a zero percent on g and unusual six percent on n but usually we'll see GNN increase about the same 0 to 6 percent I'm CSI life another smaller Medigap carrier but fairly competitive just use here 

as an example plan G 1% n 2 and 1/2 and Plan F 7 so this is what we see time and time again plaintiff is always kind of higher than G in it I've never seen G or n have higher than higher increase than F the only exception of am each of Omaha's guaranteed-issue plan n but we don't think it into that right now again you can use any of the Medigap plan letters but the ones I recommend are G number one and then N and F 

unless you're in California our state that has a birthday rule or it makes more sense start on F but any other state G or n and again any doctor any hospital snow referrals needed it snow networks are free to go wherever you want doesn't matter what company I have but it is important that you do get the best rate 

so as I said before you know make sure you're getting rates from all carriers and we can do that for you by you know shopping the rate for you I'm showing you all the carriers rates and making sure you're not going to be overpaying more than it should be and will you know if we work with us we will make sure you number one start off on a competitive carrier that has you know 

a stable history of rate increases it's been in the market a while and we'll also keep an eye on each year make sure you're not going to the situation where you're overpaying more than you should be as long as you're healthy enough to move we can make a change in the future a lot of agents won't do that but you know grn will help minimize rate increases picking a stable company and working with us 

we'll go over the rate reviews with the each year for free rate comparison on medicare supplement plans you can call me directly I'll pick up the phone number 800 208 for 974 where you can go on my website Medicare savings Entercom fill out a quote request form we'll get in touch with you but the fastest way is to call me 800 208 497 for this service is completely free there's no fees we're not allowed to charge any fees 

and we don't now the premium is exactly the same whether you work with a broker like us or you go directly to the company so we'll be more than happy to help you out just give me a call and look forward to hearing from you