Medicare Supplement Plan G vs F vs N

Medicare Supplement Plan G vs F vs N

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Medicare Supplement Plan G vs F vs N
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Medicare Supplement Plan G vs F vs N 2020 (Medigap Plan G & What’s Changing in 2020)
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In this video I go over Medicare supplement Plan G (aka Medigap Plan G) and compare it to other Medicare supplement lines like the Medicare supplement Plan N (aka Medigap Plan N). Keep in mind, there is no best plan! All Medicare supplement plans are good and will insure you exactly as they are supposed to. Which is best for you depends mostly on your needs, your budget and your personality. This is the first video to point out that Medicare supplement Plan N will have a lower rate of price increases in the future than Medigap Plan G. Enjoy!
Medicare supplement Plan G is for those who just want peace-of-mind. Once you have paid your Medicare Part B annual deductible all your inpatient and outpatient Medicare services are covered at 100%. Medicare supplement Plan N is for those who are more frugal. You can often save 25% to 30% of the premium, but you have to do a little extra work to make sure you don’t pay an outpatient excess charge not covered by Medigap Plan N.

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https://www.medicare.gov/pubs/pdf/10050-Medicare-and-You.pdf

Medicare Supplement Plan G aka Medigap Plan G. I discuss what you need to know about Medicare supplement Plan G vs Plan F and Plan N. I also compare Medicare supplement Plan G vs Plan N and Plan F. I compare Medicare supplements (aka Medigap Plans) to help you make an informed decision about which Medicare supplement is best for you.
For most people turning 65, Medicare supplement Plan G will offer the best value today. However, there are changes in the relationship between Medicare supplement Plan G and Medigap Plan F and Plan N that you should be aware of before you make a decision. In this video, I will show you these changes and discuss how they may impact your decision making as you decide if the Plan G Medicare supplement is right for you.
Medigap Plan G is quickly becoming the most popular Medicare supplement in the country. This is for two reasons – first; because the previously popular plans Medicare supplement Plan F and Plan C are being phased out as of January 2020. Second, Medicare supplement Plan G is usually a lower premium AND a better value. Most people shopping for a Medigap Plan today find Medicare supplement Plan G as their best value.
Medicare supplement Plan G has all the same benefits except this row right here: Medicare Part B deductible. That is a calendar year annual deductible. It resets every January 01. It can change every year. In 2017 it’s just $183. We expect it to increase to $250 over the next five to seven years. That’s it.
All you pay is the annual Medicare Part B annual deductible and your premium. Other than that, Medicare and your Medigap Plan G pay all your Medicare related in-patient and outpatient expenses.
Medicare supplement Plan G is for those who want peace-of-mind. Once you have a Plan G you don’t have to worry about co-pays or excess charges or anything. You can see any doctor, whether they charge excess charges or not. You pay a little extra, but you have peace-of-mind that your healthcare is taken care of.

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50 Comments

  1. joyce minkley on June 28, 2022 at 9:15 pm

    Great info! Explained in plain English!



  2. RAE on June 28, 2022 at 9:18 pm

    when i am ready(maybe end next year)2021,,can i just call and dump everything on you…way too much info….thanks..



  3. claude smith on June 28, 2022 at 9:19 pm

    are these plans you speak about transferable to CAL PERS ?



  4. Amore on June 28, 2022 at 9:22 pm

    A lot of doctors won’t take medicare patients with medigap plans anymore because they like advantage better. They make more money with all the copays.Some actually say only advantage patients need apply. Most doctors offices in the city I live in will not take me because I have pkan F.



  5. Rene Heuscher on June 28, 2022 at 9:24 pm

    I do not know if this information is up to date as title says 2021 but date of post shows as Aug 12 2017 over 3 years old?



  6. Roger J. Ullrich on June 28, 2022 at 9:24 pm

    For anyone in doubt about Matthew Claassen, let me assure you that he is the real deal. You can trust him, and trust his advice. He is my "go to" guy re. anything medicare. Thanks , Matthew!



  7. John P on June 28, 2022 at 9:24 pm

    Love these videos, but reached out to them by phone and website contact with no response.



  8. teresita ang on June 28, 2022 at 9:25 pm

    I’m from Texas affected.?



  9. Olive Olson on June 28, 2022 at 9:29 pm

    Very informative! Thank you



  10. Leslie Carey on June 28, 2022 at 9:29 pm

    Great Video! I am confused, as I have been told plan G you do not have co-pay for doctor visits. Speaking with a friend of mine says he pays the deductible and he pays a $20. co-pay when he visits the doctors. The specialist I am using says plan G is just like F BUT there is the deductible that you have to meet. Please unconfuse me 🙂



  11. Tim and Judie Miller on June 28, 2022 at 9:32 pm

    Your video was very informative. I have Plan G with Mutual of Omaha and have had since 2019, but the premium has increased so much,I need to change companies.
    I will be calling for the best Company for me. Thank You. Judie Miller



  12. Al Tabora on June 28, 2022 at 9:32 pm

    Michael’s information is very informative about Plan G & N. Thanks.



  13. Rodrigo Garcia on June 28, 2022 at 9:34 pm

    great video, question I have: I just turned 65 and I have medical insurance trough my employer, but at the doctor I have to pay a portion of the bill due to my deductible, if I enroll on Medicare or Medigap part G will they pay the other portion or will it make no difference since I am still employed?. please bear with me, much of this is confusing, your video explained a lot, so thank you.



  14. Sandra Beck on June 28, 2022 at 9:36 pm

    Why..why…why has our government allowed this to become so stinking complicated? We are not all in the 1% -well they don’t need it anyway- how confusing just in the last 3 years I’ve been on Medicare, it’s changed so much. It ALL ABOUT how much money the insurance companies can suck out of our pockets. And our representatives in Washington get very nice perks from these vultures.



  15. Phil Howard on June 28, 2022 at 9:38 pm

    These videos are so very informative and valuable!! I am 63 and 1/2 and am trying to get ahead of the game in making Medicare decisions and these videos have made a huge difference in my decision making process.



  16. teresita ang on June 28, 2022 at 9:38 pm

    Zoo



  17. Sherry Melhorn on June 28, 2022 at 9:39 pm

    Isn’t plan c same as Medicare advantage



  18. Michael Messmer on June 28, 2022 at 9:39 pm

    The frog in the pot was a very descriptive way to explain the tricky price increase method. Thank you.



  19. teresita ang on June 28, 2022 at 9:41 pm

    How much increase in Texas and chicago



  20. Carol Daly on June 28, 2022 at 9:41 pm

    I found this video to be most informative, thank you so much for the assistance.



  21. Rick S on June 28, 2022 at 9:41 pm

    Thanks Matthew. Very informative and supported with practical advice. I appreciate your presentation style and find it easy to follow and to understand. Well done and much appreciated.



  22. Sally Johnson on June 28, 2022 at 9:42 pm

    I have Original Medicare A & B. I am on Social Security the State I live in pays for my Medicare B. If I sign up for Plan G will the State stop paying my Medicare B. I got Medicare in Oct 2019, I just turn 66 I am in good health and take only 3 prescription. I can not afford the to have the state stop paying for Medicare B



  23. Brian Biggar on June 28, 2022 at 9:43 pm

    Not really understanding how my employer and the group health insurance it provides still offers plan F currently for retirees. But it does. Now I have to go ask about plan G as it seems a better value.



  24. Linda Staley on June 28, 2022 at 9:44 pm

    Navigating through the complexities of Medicare has been made so much easier by your helpful videos. Thanks for all the great information. I feel much more equipped to make an informed decision.



  25. vicki childress on June 28, 2022 at 9:45 pm

    Can a person change their Medicare Part B effective date. Just enrolled in social security July 1st, 2021 and they automatically enrolled me in Medicare Part B. I am currently covered through my husbands company insurance. His company has greater than 20 employees…..I turned 65 March 2021…



  26. wendy smith on June 28, 2022 at 9:45 pm

    I turn 65 in Sept. I will still be working and have health ins through my employer. Should I still get a supplement has well or better off getting a supplement and not take their health ins. . I hope to retire within two years and don’t want to find I can’t get a supplement at that time. I’m so lost in this but am getting good information from your videos. Thank you for making them



  27. teresita ang on June 28, 2022 at 9:46 pm

    I choose g plan,I want to know which state has higher percentage increase?texas or Chicago ,Illinois.Does insurance companies have the same pricing?How to choose which insurance company.thanks excellent presentations



  28. Spy Bug on June 28, 2022 at 9:47 pm

    I get – *Oops! That page can’t be found* when I click on
    Medicare Supplement Plan Benefit Table:



  29. wayne burnette on June 28, 2022 at 9:48 pm

    What the best copny to o go with in Supplemnt compnies?? burnettewayne25@gmail.com



  30. Virginia Belanger on June 28, 2022 at 9:48 pm

    Very clear and informative comparisons among f, g, and n but I would like to know what the monthly premiums are for each.



  31. Leo E. Faulk, Jr. on June 28, 2022 at 9:51 pm

    I thank youn so much for all of your knowledge. I am new to Medicare.



  32. Katy Connolly on June 28, 2022 at 9:53 pm

    I have Plan F, my husband has Plan N. Should I consider switching to Plan N or switch both of us to Plan G. Please bear in mind that our only income is our Social Security and we are 78 years old.



  33. Diane Smith on June 28, 2022 at 9:53 pm

    I will be 56 or 57



  34. Marky T on June 28, 2022 at 9:57 pm

    Thank you



  35. Geraldine Martinez on June 28, 2022 at 9:57 pm

    Does one haveto enroll in Medicare part B in order to enroll in Medicare advantage or supplement?



  36. Judy Zimmerman on June 28, 2022 at 9:58 pm

    Do you have a video on the pricing methods insurance companies use? How important is it for consumers to factor in this piece of information when selecting an insurance provider?



  37. MedigapSeminars.org on June 28, 2022 at 9:59 pm

    #medigapseminars <– Click the hashtag to see more of my videos! If you like this video, you might want to check out other Videos I have specifically for people new to Medicare: https://medigapseminars.org/new-to-medicare/



  38. Richard Persaud on June 28, 2022 at 9:59 pm

    This video is very informative. It is insightful and permits me to make an informed and prudent decision on medicare supplement insurance. Your efforts are very much appreciated.



  39. Jeff Allen on June 28, 2022 at 9:59 pm

    I have a supplement plan through Security Health Plan. How do I know what category plan it is.



  40. Marian Rose Commodore Donovan on June 28, 2022 at 9:59 pm

    Thanks! I am 64 and was thinking G but my money is tight. Now, I am looking more at N



  41. Donna Hunter on June 28, 2022 at 9:59 pm

    After hours of research and reading (frequently in a fog of confusion) I am so appreciative of some clear information. I will be watching more of these YT videos!



  42. Michele Youngblood on June 28, 2022 at 10:01 pm

    Why is only G vs F vs N discussed all over youtube and the internet? I look at the chart and see D plan as looking to be an outstanding plan. Better looking than N and just missing the excess charges of G. Why never a discussion? What is going on with that plan in the marketplace?



  43. Judy Zimmerman on June 28, 2022 at 10:02 pm

    Since the Medigap plans offer standard coverages, the only difference between insurance companies is their service and their prices. Where can consumers access inside information about insurance companies’ history of price increases, customer complaints, etc.?



  44. Gwendolyn J Anderson on June 28, 2022 at 10:03 pm

    Finally I got clarity



  45. Olive Olson on June 28, 2022 at 10:05 pm

    Do you think original Medicare A & B & G enough?



  46. antonio aquino on June 28, 2022 at 10:05 pm

    Where is the link to the table



  47. illean orourke on June 28, 2022 at 10:05 pm

    Do you have a more recent table for 2022 or even 2021?



  48. Carl Bushko on June 28, 2022 at 10:07 pm

    Loved the behind the price-curtain portion. Very well done videos on all the Medicare topics.



  49. Gilbert Acevedo on June 28, 2022 at 10:08 pm

    I just want to know that I learned a lot about your videos I am planning to take the G plan So let me know if that’s a good choice thank you



  50. Robert Yeilding on June 28, 2022 at 10:11 pm

    The salesman is right, I have been on Plan G for 18 years had 3 knee scopes, 3 different back surgies , herina repairs and a hip surg. replace
    plus many minor hospital stays and the plan G took of all but $185.00 each year deductable