Best Medicare Supplement Plans 2022 - Best Medigap Plans - YouTube

we're going to talk about the best medicare  supplement plan for 2022 also known as the best  

medigap plan so if you're new to medicare first  thing to understand is medicare supplement and  

medigap is exactly the same thing just two names  for the same product but we're going to go through  

what i think is the best medicare supplement  plan for 2022. and if you happen to be new here  

i'm keith armbrick founder of medicare on  video and i help people across the country  

make the right medicare choices and i can  absolutely help you as well as you can see i've  

been doing this for a while so this is my video  back in 2015 where i'm talking about the best  

choices in medicare and since then i've helped  well over 4 000 people make the right medicare  

choice and i can absolutely help you as well one  of the best parts of my job and what i do is once  

we get into medicare i don't get any customer  service calls so it's kind of crazy to have that  

many clients and literally if i get one or two  a month it's a lot and the reason for that is  

we make the right choices going into medicare  and that's exactly what we want to do is make  

sure you get it right from the beginning and  then everything works as well as it should so  

that's what i'll do is i'll tell you exactly what  i think is the best way to go and i won't tell you  

anything different than that so if you don't agree  with me that might be okay but i probably won't be  

the one to help you i tell you exactly with years  of experience exactly what i think you should do  

and chances are you're going to find that that's  the right way to go so hopefully that'll make  

you comfortable with your choice and that way  going into medicare and obviously it's a big  

decision because it's going to be with you  the rest of your life so we want to make sure  

that we get it right so join the other 4 000 plus  happy customers and we'll make sure we put you on  

the right path into medicare so let's get into  the medicare supplement choices up but first  

a gift for you download my book medicare  made clear i spent a lot of time  

and effort on this book i give it away for  free so that you have everything that you need  

and you can see i covered just about every  piece of medicare in the book i also have videos  

throughout the book where i explain everything  to you so you don't have to read through all the  

information it's just very helpful but not only  now but in the future so visit medicareonvideo.com  

forward slash free book you can download it right  now and it's yours to keep going for us i hope you  

find that very helpful jumping right into medicare  supplement plans so if you come into medicare  

and you stay on original medicare part a part  b which i absolutely 100 percent recommend  

it's going to make you happy down the road then  you'll likely get a medicare supplement plan that  

covers what a and b do not so that's important to  understand a and b are pretty good coverage but  

there are some holes and then the biggest problem  with b and i've got videos explained in a and b  

but that there's no stop so there's a 20  coinsurance that has no limit to it we  

don't want that we want to make sure that  we have very low out of pocket and we do  

it in a way that protects everything that we have  going forward so that's why we need a medicare  

supplement plan so when you look at the choices  for medicare supplements and you're going to find  

it's crazy they make this as complicated as  they possibly can to confuse us so we don't  

know what to do so you can see here on the chart  there's actually 12 choices you can see 11 here  

there's actually 12 choices of medicare supplement  plans they run through the alphabet in names some  

letters are missing some used to be there they're  already there anymore but anyway it's it's really  

unnecessary information we're gonna break it  down to really three plans those are the three  

that you need to understand you really only need  two now but the three that are the ones that are  

important or plan f plan g and plan n now there's  some sub plans that are also important fhd or  

ghd in certain states i get into that in some  specific videos so again we want to make sure  

we get exactly what you should have where you  are located so that's what we're going to do  

right now so we're going to go through these plans  so you understand them and then it makes it easy  

to make your choice and again i'll tell  you exactly what i think you should do so  

when you look at plan f plan f used to be  the number one plan so it's kind of the  

cadillac the gold standard of medicare  supplement plans and really the reason  

that it was number one it had 100 coverage so in  other words you had zero out of pocket through  

the year so that's terrific in most cases or that  sounds terrific the problem is the premium so if  

you go with a plan that pays 100 of everything the  premium is obviously going to be higher but the  

reason that most people in the past were on plan f  and i can guarantee if you talk to anybody that's  

five years or sooner or older in medicare you're  going to find the likelihood that they're on plan  

f and the reason is agents love to sell it because  it's so easy to sell there's no out of pocket  

covers 100 of everything and guess what also  pays a big commission to that agent so there's a  

couple different reasons that it has been the the  standard bearer of medicare supplement plans but  

no longer so congress a couple years ago  made it so that plan f is no longer available  

if you're just now coming into medicare but that's  okay because i can promise you even before that  

of the thousands that i have if i had two people  on play enough that was a lot because it doesn't  

provide the best value so it's easy to sell  but it doesn't provide the best value the next  

plan which is now kind of the standard bearer of  medicare supplement plans is medicare plan g and  

if you've watched videos and you know you'll find  all sorts of experts out there trying to tell you  

what you should do or shouldn't do but plan g  is terrific so it is exactly the same as plan f  

except it has a little deductible and i can  tell you it is a little deductible right now  

they've come out with the numbers for 2022 the  estimated increases that they're going to have  

in premiums and things like that plan g right now  is looking like it's going to have a 217 dollar  

annual deductible and then that's it then  it pays 100 of everything after that so in  

the worst year if you get hit by a bus and you're  on plan g you're going to be out of pocket 217  

medicare is going to pay the rest of your  medical expenses and then each january it's  

going to reset so you're going to be on the  hook for another 217 dollars i can guarantee  

you whatever health insurance you're on right now  you have a much higher than 217 dollar deductible  

so fantastic plan and again as long as the premium  lines up and it does you know in most cases i want  

to say a lot of cases but most cases most areas of  the country plan g is the best value but sometimes  

it's higher in price and there's  not really a great explanation  

for why it's higher in price but and i'll  tell you what i think the difference should be  

but if it happens to come out that way then we're  going to look at plan n so plan n is the third of  

those three choices also terrific coverage with  very low out of pocket but also a lower premium  

so it doesn't cost as much per month on a premium  basis and when we talk about premiums understand  

g or n whichever plan it is our aim is to get  somewhere near 100 a month for your supplement  

now if we can get it to g that's great if it  happens to be n that's okay too but that's a kind  

of the goal it's going to be somewhere between  90 and 120 a month depending upon what part of  

the country you're in but if n shows up as the  better value so n is the exact same as g which  

is exact same as f g has that little deductible  of 217 and also has that little deductible of 217  

and in addition to the deductible has a co-pay  when you go to the doctor it's going to cost you  

20 copay so that's not too big a deal if we're  saving enough on premium to make up for whatever  

that copay might cost over the year it also has  a 50 copay when you go to the emergency room  

which again pretty rare in happening and if our  premium is low enough it's okay to have a 50 copay  

if we have to go to the emergency room now where  n gets a little bit in the gray area is right now  

n does not cover what's considered excess charges  and i have a whole video on excess charges  

but the long and the short of it is is when you go  to the doctor there's two types of contracts they  

can have they can either take medicare assignment  or not or they just accept medicare so if they  

take medicare assignment then they agree to  take what medicare is going to pay them as  

payment in full if they don't take assignment  then they have the ability to bill you 15 above  

what medicare pays them which again it sounds  worse than it really is number one super rare  

to ever run into it number two if you do it's not  a big number so let's say you went to the doctor  

and it were a hundred dollar office charge  which is not going to be that under medicare  

medicare has some pretty low reimbursement  rates you'd have to pay 15 or 15 bucks higher  

than what medicare is paying if in fact that were  the case with a doctor that did not take medicare  

assignment but statistics show that somewhere  around 92 take medicare assignment so pretty rare  

to run into that so when you have your choices  your breakdowns you have plan f which if you're  

just coming to medicare is not available anymore  anyway plan g 217 out of pocket for the year  

i mean crazy low out of pocket for the year  which is why i don't ever get any phone calls  

on customer service because they go to the doctor  they go to the hospital it's paid for there's no  

gray area or complication or approvals with a  medicare supplement plan on original medicare  

you go to any doctor any hospital anywhere in  the country that takes medicare give them your  

cards and that's exactly what's going to happen  is it does exactly what it's supposed to do  

plan n that same 217 deductible 20 copay if you go  to the doctor 50 copay if you go to the emergency  

room and then we just need to understand  excess charges so that we can be educated  

and maybe ask the office staff do you take  medicare assignment but we can walk all through  

that with you so give me a call send me an email  we'll make sure that you get exactly what is the  

right choice in your zip code and then we have  the ghd and fhd which i talked about before so  

the hd stands for high deductible so it has a  much higher deductible right now it's 2 370 a year  

a whole lot more than that 217 but the premium  on these plans can be significantly less and  

in certain states like new york and connecticut  and vermont and there are a couple other states  

where premiums for g m are significantly higher  than the rest of the country because of some  

of the additional benefits or rights that those  states give you it makes the premiums go higher  

but it also brings in this option where you  might save two thousand dollars a year in premium  

to take on a twenty three hundred dollar  deductible that makes a lot of sense when  

that's the case so but again just takes a walk  through so we need to really personalize it to you  

so that we understand and make sure you understand  exactly what you have and if it's the right choice  

that's the way to go so that is my goal put  you in the right place going into medicare  

and you won't have any problems going forward the  only time we'll be talking to each other is when  

we're going to do a review to see if we can save  you more money on your medicare supplement plan  

year after year and i have another website called  medicare price check where we do that make it easy  

for you to just compare it every year to see if  we can lower the cost of the medicare supplement  

that you already have so that gives you a pretty  good overview of medicare supplements in 2022  

also called medi gap plans in 2022 and again this  is what we do all day every day you can be one of  

the 4 000 happy customers that just have it go the  way it's supposed to go so hope you found all this  

helpful hope you download my book please subscribe  to my channel make sure you get updates to the  

videos as they come out and i hope you have a  fantastic day hey don't go anywhere these are some  

of my most recent videos right here you can also  find the link right below this video to download  

my book medicare made clear absolutely free  you can also subscribe to my channel right here  

so please download my book watch some videos  subscribe to the channel have a great day