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Medicare Supplement Plans (2020) / Benefits & Hidden Risks

December 1, 2019

If you’re researching Medicare and you want to know about Medicare supplement plans and their role in your Health Care this video is for you. Even if you already looked at different Medicare supplement plan videos, this video will have new information that will help you make an informed decision. and avoid taking on in risk. I am going to help you understand your Medicare supplement plans and their role in your healthcare. I’m going to reveal to you how to determine what the Medicare supplement land will or will not cover and then we will take a look at the new Medicare supplement benefit table for 2020 that includes a new Medicare supplement plan Lastly, if you stay until the end of the video the last item going to discuss is a very important hidden risk in choosing a Medicare supplement insurance company that most consumers are not even aware of. So stay Tuned! Medicare supplement Plans Explained. Hi, I am Matthew Claassen with My company is an independent insurance broker specializing in Medicare and retirement needs. We help people with their Medicare decisions in virtually every state of the country and our services are free to the consumer. This video and the information in it will be different than any other Medicare supplement videos. It is designed to help you understand Medicare supplement plans and their role in your Health Care as well as select the right plan and right insurance company for your situation. So let’s get started My philosophy when helping people with their Medicare choices is to first review and understand Medicare supplement plans You should first shop and Medicare supplement plans that are available to you to see if there is one that fits both your needs and your budget and only if there’s not one that fits both your needs and your budget should you explore Medicare Advantage Plans. Why? Well that is, in part, what this video will cover. The first thing to understand about Medicare supplement plans is this; if you chose a Medicare supplement plan, or chosen to get a Medicare supplement plan it means you’ve also chosen to get original Medicare as your primary insurance. That red, white and blue Medicare card; that is your primary coverage. Because original Medicare is your primary coverage The benefits of that coverage pass on to your Medicare supplement, which is your secondary insurer. This is true no matter which Medicare supplement you have, or which insurance company that you choose. This is very important and it is often misunderstood. What are the benefits of original Medicare that pass on to your Medicare supplement plan? Well first, with Original Medicare your can see any doctor, go to any hospital in the US or it’s territories as long as the accept Medicare. Because this is a feature of Original Medicare, it’s a feature of an Medicare supplement plan you have, from any insurance company. Second is that Medicare’s intent is to cover everything that’s medically necessary. So, let’s stop at that point for just a second. I mentioned at the start of this video that I would tell you how to determine what your Medicare supplement plan will cover and what it won’t This is where I will answer that question. Your Medicare supplement will cover the copays and deductibles of all of your Health Care approved by Medicare. and Medicare will cover what is medically necessary. I’m often asked what does Medicare? Does Medicare cover this procedure or that procedure? The answer to that question depends on why. Why is the procedure being done? For example, if you have a mole on your face, will Medicare cover its removal? That depends on why it’s to be removed! If you want removed because you don’t like the way it looks I doubt Medicare will cover it. It is not medically necessary to remove it. On the other hand, if it is cancerous then it’s certainly medically necessary to be removed and Medicare will cover it. So instead of thinking about your Medicare coverage in terms of what is to be covered, look at the Why! Why is the procedure being done? What condition makes this procedure medically necessary? To build on this subjects so that you better understand, there are certain steps that doctors may have to take to make a test medically necessary. Here are a couple examples; in the comment section of one of my videos a person who identify themselves as a chiropractor of 30 years was noting his frustration that Medicare wouldn’t cover his X-rays. Medicare has very limited chiropractic coverage. About the only thing that it covers is the correction of something that is referred to as a spinal subluxation. Now in order to diagnose a spinal subluxation it does not require an X-ray. It’s actually to be diagnosed by hand or feel. Thus an X-ray is not medically necessary for the diagnosis. It may be convenient and maybe that many doctors would prefer to have it, but it’s not medically necessary. Therefore for the diagnoses of this a spinal subluxation, an X-ray is not covered. Here is another example. I had a new client who was brand new Medicare who put a lot of things off, as many people do, until the star Medicare. She was worried there was a problem and asked if she could order an MRI. I explained to her, well let’s use an example let’s say you, you feel you need a knee replacement. The first thing a doctor has to do is physically examine the knee. If the Doctor can’t diagnose what’s wrong with the knee just by a physical examination, then an X-ray becomes medically necessary. When they x-ray the knee, if they still can’t diagnose what the problem is, then an MRI becomes medically necessary. You can’t go from walking into a doctor’s office and you want a brain scan or an MRI. There are steps that doctors have to take to create the medical necessity for that particular procedure or that particular test. As an aside if you do have comments or questions please feel free to leave them, on this video or any of the other videos I have. I do answer questions on the videos. Please do not leave anything personal. I am not a going to publish a question if you have a personal information being identified there. So just any question you have we were very hard to make sure that all of your questions are answered. So, just leave a comment below if you wish. The term “Medically necessary” is important. It’s used consistently in your Medicare and You Guidebook when describing Medicare Services How does Medicare determined medical necessity? They lean on your doctor. It depends on your doctor’s diagnosis and your doctor’s opinion. With original Medicare as your primary Health Care, any supplement you have will follow the direction of Medicare to determine what is or is not covered and Medicare depends on your doctor’s diagnosis and opinion. The bottom line is your supplement will cover the copays and deductibles of all of your healthcare approved by Medicare and Medicare will cover what is medically necessary. Which brings me to my favorite benefit of having original Medicare. With original Medicare the for-profit insurance companies are taken entirely out of the decision-making process. They have absolutely no say in what is covered, who is paid or how much. All they do is what Medicare tells them to do. This means that because you have original Medicare no matter which Medicare supplement plan or which Medicare supplement insurance company you choose you retain the right to see any doctor or go to any hospital that accepts. Medicare And your doctor’s decisions and opinions guide your Health Care. Plus, neither you nor your doctor ever have to ask an insurance company for permission to have a procedure. Before I go on I want to make sure one thing is clear; Medicare Advantage Plan are not Medicare supplement plans. Let me repeat, Medicare Advantage Plan is not a Medicare supplement plan and does not have these benefits. This is a Medicare supplement plans explained video. We are focused on Medicare supplement plans. I will explain Medicare Advantage Plan
in detail in a separate video. In fact I have a new Medicare Advantage Plan explained video produced shortly after this video will be made public. Original Medicare by itself your Medicare Part A in your Medicare Part B has a lot of copays and deductible and has no maximum out-of-pocket. The role of Medicare supplement is to reduce your financial risk down to an out-of-pocket expense that is manageable. With most Medicare supplement plans you can bring your out-of-pocket expense down to zero or maybe just a couple $100. Yes, a Medicare supplement plan cost extra. It has a monthly premium to it. But the objective is to reduce your cost when you’re sick down to a very manageable amount of money. This brings me to a important piece of advice that I would like to share. In this business I have seen a lot of people make decisions about their Health Care, their Medicare, and then live with the consequences city the number one most common mistake I of those decision. The number 1 most common mistake I see is when a person looks at their current health situation and chooses a plan based on their current health. I can’t count how many times I have heard; “I am healthy. I never see a doctor so I am just going to go with the cheapest plan that is available. In all but a few states you can’t change your Medicare supplement plan once you’ve become critically are chronically ill. My advice is that you should get the insurance that you will want to have when you’re seriously ill and not what ever cheap today because you’re healthy. When can you get a Medicare supplement plan? In most states you can get a Medicare supplement plan up to six months before you turn 65 or before you start Medicare. Even before you get a Medicare number or have applied for Medicare itself. And, depending on where you are , how close you are to getting Medicare when you watch this video, if you are within six months you may have noticed a lot of cold calls and mailers. They usually start between six or seven months before you turn 65 because they want to get in and get you to make up your mind as quickly as possible. Some states restrict the consumer to two months before you turn 65. But keep in mind under Medicare supplement benefits can’t start until your Medicare starts. Until you have both Medicare Part A and Medicare Part B active. So, applying for a Medicare supplement early simply gets the process out of the way. It gets the monkey off your back so to speak. So you can go on with your life and you can tell the pesky cold callers you have already made your decision. If this portion of the video sounds a little different that’s because we had a change mics. We had a little mic issue, so if this sounds different that is what is going on. So where were we? Oh ya, this is also important. The Federal Medicare rules are such that your Medicare supplement initial enrollment period is the first six months that have Medicare Part B Understand, your Medicare supplement initial enrollment period is linked to the start date of your Medicare Part B. Once your Medicare Part B coverage starts, the clock starts ticking. You have six months, it’s a six-month window where you can get any Medicare supplement plan that’s available to you and no one can say no. No one can rate you. No one can charge and more. All they can do is say “Yes” and give it to you. And you can change your mind and switch from one Medicare supplement plan or one Medicare insurance company to another. After that first six-month You can still change are Medicare supplement plans any day of the year. However, the insurance company has the right to look at your medical history and your prescriptions and reject your application. When an insurance company reviews your medical history we refer to it as medical underwriting. Medical underwriting does not involve a physical. It’s not like Life Insurance where somebody comes to your home or office and takes your blood pressure. All that happens is the insurance company reviews your medical history and your prescription history. Keep in mind, many states have special rules that override Medicare for the benefit of the consumer. Some states have rules that provide annual special enrollment periods for Medicare supplement plans. I will go over how to find out if your state has special rules in just a moment. This is going to save you hours of research. But first understand that the Federal Medicare rules do not allow for an annual open enrollment period or annual election period for a Medicare supplement plan. That annual election from October 15 through December 7; that is for Medicare Advantage Plans and Part D drug plans only. Federal rules are such that you can change your Medicare supplement plans any time, any day of the year but after your first six-months on Medicare, the insurance company has the right to decline your application due to your health history So which Medicare supplement plan is the right plan? Once you decide to keep your original Medicare and add a Medicare supplement the next question is; which supplement? I know there are videos out there that suggest that one plan or another is the best plan. I don’t subscribe to that theory: all Medicare supplement plans are good plans. All will do exactly as they are supposed to do. All Medicare supplement plans pay what they’re supposed to pay and follow Medicare instructions. The right plan for you is determined by your budget and your needs. It’s really not all that complicated and I will show you how to approach this question and come to a good conclusion in just a minute. But first, as I noted just a moment ago, before you dive into the different Medicare supplement plans you need to know if your state has any state specific rules that override Medicare in the consumers favor. and that can impact your decision. So this is also important, some states dictate how Medicare supplement plan can be priced. Some restrict or outlawed excess charges which completely favor one Medicare supplement plan over the other. Some states have rules that provide each person an annual special enrollment so that you can never get stuck in a plan due to you health. You also don’t have to worry about a plan being discontinued in those cases. Heck, there are three states that don’t even offer the standardize Medicare supplement plans. They have designed their own sort-of look alike plans where in some cases the benefits are ala cart. Those states by the way are Wisconsin, Massachusetts and Minnesota. I intend to do a specific video on those state’s, but until then the easiest way if you live in those states, to discuss those plans, just to give us a call. The bottom line there are a lot of rules and they’re very difficult to find on the Internet. That is why every time someone requests a free Medicare supplement price quote from us, we include a paragraph or two on any special rules that your state might have. That way you’re fully informed and you can use that information to help you make an informed decision. How do you find out if your state as any special rules? Simple, ask us for a price quote we’re going to give you prices for those insurance companies that I recommend for price stability and low cost over your lifetime and include any state specific information that you need to know about. This brings us to on another very important point In just the last three or four years I’ve seen a flood of insurance companies move into the Medicare supplement market. Some are old insurance companies but new to Medicare. Others are new insurance companies or spinn-offs. They each bring with them a new series of consumer risks that you need to be aware of when choosing an insurance company. I am going to talk about this and how you can avoid these risks in just a moment. But before you choose an insurance company you need to choose a plan. So let’s cover that first. But first, I’d like to ask a quick favor of you. If you like this video so far. If you found this information helpful, please click the like button below and the subscribe button. I have more than 40 videos on Medicare and that you should know about both before and after you get your Medicare supplement plans. and also please feel free to comment. If you have a question or just a comment, let me know what state you’re from! I answer and reply to every question. All I ask is if you don’t leave any personal information When it comes to choosing a Medicare supplement plan, rather than try to figure out the best of the worst Medicare supplement I suggest looking for value in the plans. Yes I know value can be subjective, and in a way that’s the point. You’re Medicare supplement decision is a personal decision based on your situation. So let’s take a close look at the Medicare supplement benefits table for 2020. As of 2020 this is what the Medicare supplement benefit table will look like. Notice there is really two tables. The table with the two columns on the right hand side show plans only available for people who were first eligible for Medicare prior to January 2020. These are the Medicare supplement plans that are being phased out. The larger table on the left are the Medicare supplement plans available to everyone that has Medicare, people who will be new to Medicare after December 2019 as well as people who have had Medicare for years. I’m not going to go through the details of each plan. I have separate videos for each of the specific Medicare supplement plans and the if you wish you could, of course, subscribe to find them very easily. In this video I’m going to give you a high-end view of the plans and how to go about evaluating which ones would be right for you. Then you can use this knowledge as you view my other videos detailing the specific benefits and characteristics of each of the Medicare supplement plans. The first thing that you really need to consider is that none of the premiums for these Medicare supplement plans is static. They will increase over time to one degree or another. When you decide which plan is right for you, you need to consider future price increases, and how it will impact your budget. Let me repeat, it’s critically important, when you decide which plan is right for you, you need to consider the potential future costs over 20-years and how this will impact your budget. How much of the Medicare supplement plan’s prices increase depends on three different factors. The first is geography. There are states like California, for example, that prices tend to rise at a much higher rate than average. This is something we talk about in detail when helping people shop for their Medicare supplement plans. The second factor is the Medicare supplement plan itself. Some Medicare supplement plans are going to increase at a higher rate than other Medicare supplement plans. I will have more on this in just a minute. But last and by no means least, is the fact that some insurance companies have more persistent and higher rate increases than other insurance companies. When people request a price quote from us I will quote those companies whom in my experience and knowledge are less likely to have high or persistent price increases. Or, to put it another way, they are more likely to have stable prices and not surprise you in your lifetime. I will be producing a new video that details how to research and Medicare supplement insurance company. When I publish it you’ll see a link above. I will not detail that here. But I want to talk about which Medicare supplement plans are expected to have higher price increases and which are more stable or expected to be more stable in the years ahead. Let’s go back to the Medicare supplement plan benefit table and talk about something. You may have already noticed the difference between the benefits for the Medicare supplement plans on the left vs. the Medicare supplement plans on the right. The differences that the plans that are being discontinued all pay the annual Medicare Part B deductible.
The plans that are available to all, do not. The annual Medicare Part B deductible for 2019 is $185. Medicare decided to phase out the Medicare supplement plans that paid that Medicare Part B deductible, they did so because of the conclusions of their own research on Medicare waste. They found that when a person can go see the doctor without any money out of pocket some will go to the Doctor for frivolous reasons. They go because they are lonely, because they want someone to talk to. That is a burden on Medicare and is really a burden on all of us. By requiring some money out of pocket they reduce Medicare waste. Thus, you can can conclude from Medicare’s own research that the Medicare supplement plans F and C can have higher expenses because they may have more waste, or more consumers that go to the doctor for frivolous reasons. Obviously the Medicare supplement plan has higher expenses those expenses are going to be passed on to the consumer in the form of higher premiums. The first step in your decision process may be to look at that simple factor in avoid those insurance plans Medicare supplement plans that could have higher waste and thus higher prices in the future. I mentioned at the very beginning of this video that I was going to talk about some hidden risk that most consumers are completely unaware of. This comes in two parts, but if you get nothing else from this video, this section, these concepts I hope that you’ll take away with you when you decide to do your own research, or to do your research on a Medicare supplement plan and Medicare supplement insurance company. Higher expenses are part of what drives higher prices. If your turning 65 to 67 you could have another 20 years of life ahead of you. You really have to be aware of the fact that the compounding of the increase in price could have a significant negative affect over 20 or 25 years or longer! One of the things should look at then, when you look for any easy way to identify the Medicare supplement plan is going to have higher expenses and thus potentially higher price increases is to look at the application, look at the health questions. When you’re new to Medicare you don’t have to go through underwriting. You don’t have to answer any health questions. But not everybody getting a Medicare supplement plan is new to Medicare. A very large portion of the market is shopping in their 70s and such for the second plan. Maybe the price is out of control in the one they have and they are looking to save money. At that point, they have to go for medical underwriting and when a person has to go through medical underwriting it is the one opportunity that an insurance company has to filter out the people whose health profile shows and expense ratio that will be a burden on their prices. In other words, they need to keep out people whose health costs are going to put pressure on the pricing of your Medicare supplement plan. All the different underwriting questions underwriting procedures are completely different from one company to another and even from one state to another. Some companies do a really good job of underwriting, some are extremely strict in it. They look through your history with a fine tooth comb. Granted, they are not looking for high cholesterol or high blood pressure. or minor issues like that. But they still look very carefully at your health history. There other companies that have just a few questions. I know of a company that just just a few years ago, they now have five questions they used to have three. Basically asking are you alive and breathing and not on dialysis. That is with the company that I use to use when somebody would call me up, they don’t have a supplement, they need to go through underwriting and they have cancer. What happens with that company? It’s still the most lenient company and I will not mention the name still the most lenient in the country and still has very high persistent, year after year price increases They like to start you at a low price and increased the price on you. So, one of the hidden risks that you should be looking at when you’re studying the different companies and how well do they keep out those people who are going to threaten your price stability. Part two of this hidden risk; there’s a huge misunderstanding out there that is in part due to some videos that I and others have posted. People see these videos and misunderstand that the only difference between one insurance company and another offering a Medicare supplement plan is the price. Then they proceed to step in a land mind. there’s no difference in benefits from one Medicare supplement plan offered by one insurance company and another. But there’s a big difference in insurance companies. Let me explain. The reason we get insurance, any insurance whether for a car, a home or helath is to take the financial risk of an event and move it on to that of an insurance company. It’s to transfer risk. Unfortunately, with Medicare selecting the wrong insurance company can introduce another risk that you’re not even aware of. What I have seen in the last couple years, just since I did my last video on Medicare supplement plans is an enormous influx of insurance companies into the Medicare market. There is a lot of money being made in Medicare and these companies want in. But they are not here for the long run. In some cases these a new companies, a new organization freshly capitalized. In other cases they’re older existing insurance companies, but they are brand new to the Medicare supplement market. In either case they bring a new risk that most consumers are not even aware of. Let’s take a look at a couple examples. in order to do so I am going to end up naming some company names. Keep in mind this is a combination of fact and my personal opinion. I am not speaking poorly of these companies. I’m simply pointing out that their goals may not be in sync with yours. About four years ago Central States Indemnity, also known as CSI, moved into the Medicare supplement plan market the CIA size primarily property casualty insurance company that means cars and houses and buses stop There was a lot of fanfare. With their new Medicare supplement policies because they are a Berkshire Hathaway company with Warren Buffett on the Board. It’s a good company, a great company. It’s easy to sell, a lot of agents found it easy to sell because the consumers thought they were to have a great partner with their Medicare supplement plan. Fast forward a few years and the CSI business, in about half of the state’s they were doing business, they sold the company. They sold to a company called CSO life and health, also from Omaha Nebraska but not a Berkshire Hathaway company. I’m not saying or suggesting anything bad about either company. Berkshire Hathaway is in the business to make a profit. They are making their money for the shareholders. CSO is a Mutual Company. They don’t have stockholders to answer to. CSO originally sold their Medicare business and they got out of Medicare supplement plans completely in 2004. Maybe they thought that was a mistake and they want back in, I don’t know but they purchased CSI Medicare supplement plans in some states. But unlike a company that would be committed to entering the Medicare supplement market for the long run, CSO is out-sourcing all of their servicing for the Medicare supplement plans to a third party non-insurance company. I think in the poker world they would call this a “Tell”. So where am I going with this? The company’s are fine. The problem is where they leave the consumer. The consumer doesn’t have a Medicare supplement transfer to the new company when it bought-out. In fact, those CSI policy holders in those states where it is now managed by CSO are in a closed pool. If they want to go to a CSO policy they actually have to qualify medically, and if anything happened to their health and the don’t qualify, then they are stuck in a company that is not writing and more policies in their state. They will likely face a much higher premium increase in the years ahead because of this. It’s no different than owning the Medicare supplement plan F before it was discontinued in 2020. They are at a higher risk of unusually high price increases. I have no idea what is going to happen with CSI in the states where it is still writing Medicare supplement plans. But it appears to me that Berkshire Hathaway still doesn’t intend to be in the Medicare supplement business over the long run. My opinion. I don’t believe they will be. One of the ways to tell is to just look at the Berkshire Hathaway annual report. In the last annual report Berkshire Hathaway they indicated that the CSI had just 47 employees. That is a far cry from a GEICO’s 40,000 employees. It means they are outsourcing, outsourcing the service of their Medicare supplement plans. When an insurance company intends on being in the market or in an area for a long time, they do not typically outsource the servicing of that business. FYI – I do know of one example of an insurance company in Medicare for the long haul outsources servicing to another insurance company. That is a different story. In these cases their outsourcing to third party non insurance company that just does the administration and underwriting of these Medicare supplement plans. From the business standpoint; if you were intending on selling your business is some point down the road and you just want to grow grab as much market share so you can get the most value out out of it in the future then certainly you don’t want to have to be concerned about having a lot of employees because the duplication of your employees and the people buying you out is going to be a higher cost. You will have to give the severances and stuff to all the employees. An easy way around that is the third party administration. It is simply a “tell” that there may not be a long-term commitment to the Medicare supplement market for these companies. In my opinion, companies that want to be in the Medicare supplement market for the long run will build a company. They build their employees and build control over the value of the underwriting and the administration. So that they control the quality of service. That is what you do when you want to be in a market for a long period of time. When you’re outsourcing all of that business it puts a big question mark over your intent. Now let’s look at another example. This example is where a small organization entered the Medicare supplement plan market with the best of intentions, but for what ever reason they don’t last. Case in point is Loyal Christian Benefit Association (LCBA). They started offering Medicare supplement plans about four years ago, the same time as CSI. And if you purchased a Loyal Christian Benefit Medicare supplement policy you get an annual $200 to give to your church or the charity of your choice. But insurance requires a law of large numbers and not every company that enters the Medicare supplement market can get those large enough numbers to make it a profitable business. It appears LCBA had that problem as their policyholders started to experience double digit price increases. In April, 2019 Loyal Christian Benefit Association announced they would stop selling any more Medicare supplement plans. They will still service their existing plans, the ones already on the books, they will still service them. But they’re not selling any new Medicare supplement plans that you cut again a theme here from another example or from one we talk about Medicare supplement Plan’s F and C, when that happens they stop selling new plans the people that have those plans are stuck in a closed pool. It’s really a worst case scenario for the policyholder. You see, if an insurance company goes out of business and stops servicing the Medicare supplement policies, Medicare gives the consumer, the policy holder, the right to get another plan. It is called a guarantee issue. But if the company just stops selling new supplements and doesn’t go belly up and is servicing existing policies, then the policyholder is stuck in a plan and likely to experience higher price increases. To pull this together into something that’s actionable for you; as you’re listening and watching this video right now there are least a dozen companies out there that are a mixture of the two examples that I just noted. There is company I know that’s a subsidiary of a large Swiss insurer that started offering Medicare supplement plans in 2017. Their business is small. In fact, without naming names or blowing horns I know of individual insurance agencies that do more business than this insurance company. But you the consumer would not know that by their beautiful, professional web site. In one example the consumers are just pawns for corporation whose role intent was the service to their stockholders in the other example the consumers were unaware that they were the Guinee Pig in an organization there was new at all of this and they wanted to do well, but they didn’t have the management or the expertise to pull it off. How do you avoid these risks? Well, I have a rule in my company, it’s a very simple rule: we don’t go anywhere near these companies. How do we filter the out? Simple. If an insurance company and has not been in the Medicare business for at least five years and that does not have at least an “A” rating, then we are not even going to show them. We will not even consider them. They will be completely taken off our radar If an insurance company has not been in business for at least five years then then they haven’t proven that they’re going to be in this business for the long run. If they don’t have an “A” rating what doesn’t mean error that company but those are actually the companies that all our more likely to have those hidden risks. These and other hidden risks that are possible in the marketplace. It’s really easy to avoid the hidden risk I talk about. First, you have to be aware of them. You have to know why you want to avoid them. And second, do not consider insurance companies that have not been in Medicare for at least five years. preferably in Medicare supplement plans for least five years. and don’t have at least an “A” rating. None of us have a crystal ball. But we can reduce the unnecessary risk by the actions and the decisions we make. If you just want to go with the cheapest plan today, understand that you may be introducing a risk that you are completely unaware of. I prefer to go with the companies that have a solid foundation in Medicare and a history of price stability. And that’s reflected in our price quotes when people ask us for quotes. We intentionally avoided all those companies that are lowballing their prices to build market share. So, now it’s your turn. I make these videos for you. Please leave me a comment below. Let me know what part of this video you found the most informative. Or what you didn’t like at all. Let me know how you feel about these videos so I can respond and adjust my videos to your needs. If you have a question please leave are below refund if I can, I will respond to every question. Please don’t leave anything personal. And, sometimes I’ve seen questions that would take half of all book to answer. So, the other we do is offer free consultation. Our services are free to the consumer and our objective is to help you make an informed decision. So that you whatever your decision, it’s your Health Care We want you to make an informed decision so that you’re satisfied with what you have and that was a crystal ball we can’t tell what the future is Bowie are here for you when things or if things don’t work out. On last point to make, something that we’ve not talked about much in the past I do have on staff people who are experts in Medicare billing medical billing Medicare appeals Any persona that has a policy with our firm has a lifetime Medicare Advocate they can call any time with any problems that you have. Wether it be with your doctor’s bill and more Medicare itself doesn’t matter. They have the expertise to handle your situation and help you resolve it. So I hope you enjoyed our Medicare supplement plans explain video plays like share subscribe I am Matthew Claassen with thank you for watching

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  • Reply Donna Montgomery October 28, 2019 at 10:55 pm

    Good clear info

  • Reply Clarita Rojas October 29, 2019 at 5:57 pm

    The suplement plan includes dentals etc… ? What are the most popular programs in California? I would like a suplement plan !

  • Reply Tammie Orvin October 29, 2019 at 6:00 pm

    The whole video has been very informative. Trying to research  for my mother which is the best options for her . MY father passed away June 4th and she doesn't understand all about the programs like he did .  . Thanks for the help

  • Reply Clarita Rojas October 29, 2019 at 6:11 pm

    What is the best suplement company in the states of California?

  • Reply xicotencatl huico October 30, 2019 at 12:05 am

    Can I compare originally Medicare plans costs by insurance companies?

  • Reply 0129145 October 30, 2019 at 2:37 pm

    Hi Andrew, at the 19:00 minute mark, there is a line below the current Plan Chart that state that Plan F and G has a high deductible option available. If that’s true, I’d be very interested in it.

  • Reply Ronald Moore October 31, 2019 at 11:18 am

    I live in Texas my supplement plan pays very little. They take the claim and figure how they would pay if they were the primary Ins , then subtract what Medicare paid and pay if there is any difference. They do cover all my medicine. Is this the normal ? This is a company benefit coverage I think is great but just wondering if all do this

  • Reply Doug Morrison October 31, 2019 at 2:54 pm

    Thank you for your love

  • Reply Mia Johnson October 31, 2019 at 6:30 pm

    Thank you for your explanation of what medicare supplemental covers.
    I've had a supplemental plan for the past 2 years.
    My insurance broker really could explain it as well as you did. 
    Big thumbs up!

  • Reply Cindy McIntire November 1, 2019 at 1:10 am

    I think you did a great job and it was all good information. Thanks

  • Reply Alfonzo Murray November 2, 2019 at 9:18 am

    So the risk(s) in supplemental insurance is cost/rates increases which can easily be avoided by sticking with the major companies with decent underwriting. Stay away from XYZ company.

    I actually thought you would address some of the small things like Access to Vision, hearing, and the like that arent tied to Supplemental policies.

    It's pretty simple go Advantage and be tied to networks and have a higher out of pocket or go Supplemental (with name and time in the game) and enjoy going anywhere in the nation (and overseas with some plans) that accepts Medicare.

  • Reply Ernestina Kagan November 3, 2019 at 3:58 pm

    Is medical underwriting required to move between supplemental plans, i.e. from plan N to plan G? Is there any difference if the move occurs within the same provider, say AARP or between providers, i.e. between CIGNA and AARP?

  • Reply A. Attanasio November 3, 2019 at 10:51 pm

    Great video! Very informative. Would you have any opinion if the G plans will be affected with the departure of F plans as far as future rate increases because Plan G has to take all people regardless of their medical condition in certain respects and in this case are N plans a safer bet. Thank you again!

  • Reply Jim Renick November 4, 2019 at 3:21 am

    Breaking Bad was a great movie and Mr. White and Jesse were great and the rest were to. Have watched it twice.

  • Reply Diane Sawyer November 4, 2019 at 3:08 pm

    Does Medicare Supplements help those of us, that are on Disability?

  • Reply Division Conspiracy Unification November 4, 2019 at 5:39 pm

    I really enjoyed your video and, to say the least, I learned alot about Medicare that I didn't know and/or understand. I enrolled in a Medical Plan jus before I retired on Nov. 25, 2011. The plan that I enrolled in was a plan that was recommended by a family member and I am still with the same plan today, but I am considering changing my plan because the copay for a Specialist is $35.00 while I have seen other plans with a $0 copay for a specialist. I will be turning 73 later this month and, while I have no health issues, nor do I take any medications. there are several things that I would like to have checked out by a specialist.
    In June, 2010, I did have a total hip replacemen of my right hip, but before I could have the surgery, I had to be checked out medically. As part of that, I was sent to a Cardiologist to check out my heart and I passed all those requirements. Afterwards, the Cardiologist has continued to schedule me for furture appoints to see him and has performed several test and each time, there have not been any problems. The only thing that the Cardiologist has stated is my choletrol and blood pressure were high and neithe one was high enough to warrant any medications, I have even ask him why he keeps scheduling me for appointments and his response is that he wants to see me reach the age of 85 and, based on my genetics, that could happen without his help.
    My question is: would a change for the reason stated be in my best interest? Based on my current situation, I feel that it would be but I am concerned about any potential "trap" that I may fall into.
    Thanks so much for any advise you may have.

  • Reply Robert November 4, 2019 at 9:48 pm

    Thanks for the very informative video. My question to you is whether Medicare sets a limit on supplemental policy premium increases increases annually?

  • Reply Gary Spencer November 4, 2019 at 11:21 pm

    Very good.ill be calling you for help.Thank You

  • Reply Soni Racaza November 4, 2019 at 11:38 pm

    Thank u for what u do. Very enlightening.

  • Reply Cody Shell November 5, 2019 at 1:10 am

    u da real mvp

  • Reply Lulu Nana November 5, 2019 at 2:34 am

    Love your videos! I am watching all that I think apply to me. I'd like to see more videos geared to people who've been on Medicare for years and are looking to change plans. Are there any special rules for Arkansas residents?

  • Reply SriniP November 5, 2019 at 10:44 am

    I liked the whole video. I wish you published a list of recommended companies, though. Then again, you probably do, and I just haven't watched that video yet! Excellent information, though.

  • Reply Gloria Helton November 5, 2019 at 4:17 pm

    Thank you so much for all this important information I have been confused for a long time

  • Reply Freelander November 5, 2019 at 11:17 pm

    👋I really found it informative. And especially about the company info .There was a lot I didn’t know !

  • Reply Kamlesh Thaker November 6, 2019 at 2:31 am

    Very educational

  • Reply Stuart Smith November 6, 2019 at 3:49 am

    There's no way I can say thank you enough for all your informative videos and everything you do for our Medicare family and friends.

  • Reply Steve Fiorito November 6, 2019 at 5:32 am

    Going into my first year in Medicare was very difficult due to the difficulty understanding how it works along with how the Advantage & Supplement Plans work. I've learned a lot from your video. Thank You.

  • Reply Daisy Uy November 6, 2019 at 5:41 am

    Which company could you recommend.

  • Reply Araceli F November 6, 2019 at 8:25 pm

    My dad turns 65 in January and is planning on enrolling in traditional Medicare + supplement. Someone reached out to my brother last week and has been urging him to enroll in a supplemental plan ASAP because rates are constantly increasing. Is it too soon to apply or is now the right time, even though our dad's Part B won't be effective until January? Thanks in advance for your help!

  • Reply windswept88 November 7, 2019 at 4:53 pm

    Are supplement plans and advantage plans the same thing? If not whats the difference?

  • Reply Donna Gasper November 7, 2019 at 8:11 pm

    This video does a good job explaining hidden risks in Medicare Supplement Plans. Start the video at 23 minutes & 45 seconds.

  • Reply yescandles November 7, 2019 at 11:53 pm

    Great Information! I am going to watch your video on the advantage plans, but I am leaning on a Supplemental Plan G + a Drug Plan.

  • Reply Laura Banike November 8, 2019 at 7:02 pm

    Does a medicare supplement cover insulin pump supplies

  • Reply deward67 November 10, 2019 at 2:00 am

    ok, I don't want to play the devils advocate, but I gotta ask; If your money comes from the insurance company, how do I know you won't steer me to the companies paying you the most commission? No offense intended, but I can see a conflict of interest being possible.

  • Reply Pamela King November 10, 2019 at 12:42 pm

    Thank you very much for the seminars you are doing on Medicare it has helped me understand alot more than I knew in which wasn't much. I would like if you could for me get quotes on medigap plans for the state of Maine or anything I may need to know or watch out for in companys, I am looking in to theses plans for my husband again Thank you.

  • Reply Samantha McClintick November 10, 2019 at 1:54 pm

    Where do I go to print out a Benefit Chart of Medicare Supplement Plans?

  • Reply James Gallagher November 10, 2019 at 11:35 pm

    Thank You Matt all your videos are very informative. I am 64 and will be eligible for Medicare on April 1 2020. I will definitely reach out to you soon. One question I have that no one really seems to answer. If I don't have Plan D drug coverage does that mean there is no drug coverage at all through medicare?

  • Reply Frank Hitch November 11, 2019 at 4:11 am

    thanks for informative video

  • Reply Ganesh Narayan November 11, 2019 at 5:48 am

    hello im from california dated 11-11-19 have one question why im been charged $134.50 for medicare . i dont get it. i never been charged for medicare.

  • Reply superatech November 11, 2019 at 10:39 pm

    I am 65 & have insurance from my full time job. I applied for Medicare A, but I am waiting until I retire before I get Medicare B and my supplement. That's OK to do right? No penalties?

  • Reply Sharon Alley November 13, 2019 at 5:33 am

    I’m 57 and on disability. I just received Medicare and your videos are fantastic. I just need to know what I need to do as far as a supplement. I’d rather not choose an advantage plan if possible. Do you have a video that talks about coverage for people on disability and under 65? That way I can have as much information as possible before I call you. Thank you for your videos!🌹

  • Reply Just Say No to Pseudoscience November 13, 2019 at 2:12 pm

    spinal subluxation is total nonsense. Chiroquackers should not be covered.

  • Reply Just Say No to Pseudoscience November 13, 2019 at 2:13 pm

    Get to the point.

  • Reply Jacqueline Rees-Adams November 13, 2019 at 7:47 pm

    Thank you very informative

  • Reply Pat Robbins November 14, 2019 at 4:28 pm

    Very Informative, first I Have ever see Medigap Ins. explained, am 78

  • Reply Marianne King November 14, 2019 at 8:01 pm

    I've been on United Health Care Medicare Advantage for 1 year after I turned 66. I went with the middle of the road premium of $28.00 which I thought was reasonable but after watching your video today I am considering future medical needs and may go with a higher premium, thank you for your video, it was very informing on a most complicated topic.

  • Reply Nilsa LaoAcevedo November 15, 2019 at 6:48 am

    I want to thank you for your information, especially the risks. I am overwhelmed with all of this. I will be calling you soon. After watching your video I realized I was going to make a big mistake. I aprreciate you and your free service. Thank you again.

  • Reply stella duru November 15, 2019 at 3:21 pm

    Great insight into the Medicare supplement plan. I need a quote for Medicare supplement plan in GA. I am so confused. The things that are supposed to be free, they are charging for them so this is so confusing. HELP!!

  • Reply Charles Graves November 15, 2019 at 4:58 pm

    I have Medicare Supplement Plan F and have had it since I have been on Medicare. I am 71 now. I called my company after your video and was told they will not write any more Plan F supplements after January 1, 2020 but I am grandfathered in since I have have it already. I am with a well known and long established national company. I HATE going to doctors or anything of the sort, do not take any prescription meds (legal or otherwise). I assume I am okay since I am with a good company. BTW I live in Louisiana.

  • Reply Carol Eckels November 16, 2019 at 4:44 am

    My husband and I live in California but we plan on retiring in Arizona. I have been totally disabled since I was 43 years old. My husband was diagnosed as a child of 12 or 13 and have gone through treatments and different things and when he got 18 he pretty much did self medication. When we got married I got him back with the medical profession and he sees a psychologist and a psychiatrist every month and is on meds. He is going to retire at 62 but Medicare is not available to him until you’re 65. He is on Medi-Cal right now but if I get my inheritance that will throw him off of Medi-Cal. I was told that if we make a certain amount of money every month that then we would get state credit and insurance for him would be around 200 and something a month but without the state credit that insurance is 900 a month. I’m not quite Sure how to do the switch over and if it will change again when we retire in Arizona. Can you help me make wise decisions, thank you

  • Reply Retta Moran November 16, 2019 at 5:22 pm

    I am only 62 but I have had Medicare A & B since 2000 due to disability I have had a supplement plan for the past two years but the premiums are killing me. I am paying over 600.00 a month for a supplement next year it will be in the 700.00's I don't bring that much home, but cannot get help because they include my husband's pension and Social Security. He is 70 and has Medicare Plan F. Everyone wants me to go to a Medicare Advantage Plan. Which is also expensive. I am so confused as to what to do.

  • Reply ntxmt November 16, 2019 at 8:38 pm

    Thank you for taking the time to do these videos. I'll be calling you.

  • Reply R Mack November 16, 2019 at 10:04 pm

    I especially like your rule of thumb regarding a company's longevity in the supplement arena.

  • Reply Dale Murphy November 17, 2019 at 7:03 am

    thank you for this info. My part D has doubled, I need to shop around

  • Reply Karen Ryan November 17, 2019 at 1:11 pm

    Great informative video. Especially liked the information about choosing a company.

  • Reply P G November 17, 2019 at 3:01 pm

    Uh oh. I have a Swiss company supplement. Help?

  • Reply Richard Patterson November 17, 2019 at 6:05 pm

    What insurance companies pay you to push their Medicare supplements and why would you not tell this on your video? I'm guessing those are the ones you will give me as a choice. So then I have to trust someone like you, not meaning you are bad. It also seems to me if it weren't all a scam, I would be able to go directly to all of the companies to buy my supplement. As it is, I can't find any that will give me a quote much less tell me how long they have been in this business.

  • Reply David Carpenter November 18, 2019 at 6:06 pm

    I just called that number that was listed above. I tried to explain my problem, I guess it was to lengthy for the guy. He hung up on me. I called for help and advice not to be ignored.

  • Reply Gary Weiss November 18, 2019 at 10:37 pm

    Very informative, thank you. I'm in New York. My understanding is that If I wish to switch to another letter plan, I can do so at any time without medical underwriting. But are there are preexisting condition restrictions in such situations? If so are there any circumstances (again in NY) in which preexisting conditions are not restricted. Thanks again.

  • Reply Tocimah November 18, 2019 at 11:32 pm

    Where do I find the list of Insurance Companies dealing in Medicare Supplement "A" ratings. Where do I search for this information? Great video……

  • Reply Brenda Smith November 19, 2019 at 3:49 am

    So Helpful!! We are trying to decide what to do about Medicare. This is the most helpful site I have found. Thank You So Much!

  • Reply mrhennyclark64 November 19, 2019 at 4:05 am

    Great Great information ! So So helpful ! Thanks for making sense of all the complexities

  • Reply mrhennyclark64 November 19, 2019 at 4:07 am

    Not sure how to find your Tel to Call your company ? Where do I find it?

  • Reply Kathleen Rockwell November 19, 2019 at 5:11 am

    How do I go about getting underwritten to change from an advantage plan to a supplement plan?

  • Reply Ron Hardin November 19, 2019 at 10:31 pm

    How do you fell about Physicians Mutual?

  • Reply carolyn allen November 20, 2019 at 4:47 am

    Thank you for the info, on a very confusing Subject.

  • Reply pingstick November 20, 2019 at 7:06 am

    I qualify for Medicare A and B starting Feb. 2020. I am 56 years old but have recently been approved for SSDI. I like the supplement plans after listening to several of your videos. I need to find a plan that includes vision, dental, and presctiption benefits. Do you have advice for me? Thank you.

  • Reply pingstick November 20, 2019 at 7:07 am

    I live in CA

  • Reply dhix November 21, 2019 at 12:07 am

    question/on youtube not just yours. I cannot remember anyone mention United health care medigap .is it because it"s exclusive? thorugh AARP commision/appointment /or orther? Thanks

  • Reply Jon Dough November 21, 2019 at 4:53 pm

    So, no supplement plan pays any more than what is determined by Medicare A & B. It's just a matter of me paying or the supplement plan paying the determined amount. I am often shocked by how little Medicare reimburses my physicians, and understand why not all doctors accept Medicare. Is there any plan/company that is known for the best compromise of paying the physicians the most/more while charging the patients the least/less, and still allowing the patient to see the doctor of his choice anywhere? I have original Medicare A & B (starting January 1, 2019 on my 65th birthday) and have Medishare. I pay $79/month for my Medishare senior plan. Excellent health except for my accursed spinal stenosis (neck and back).

  • Reply Martin Brown November 22, 2019 at 7:57 pm

    R supplemental payments paid monthly or yearly

  • Reply A O November 23, 2019 at 3:15 am

    Well done thank you very much it was very helpful and now I'm getting ready to watch see Advantage plan cuz that's where I need my most of my information thank you for taking the time well done God bless

  • Reply Benny Cox November 23, 2019 at 1:20 pm

    67.5 years old, working, have group coverage for self and spouse who is 59.5 years old.
    I’ve just signed up for part B, which is to start January 1, 2020.
    Do I need to choose a supplement plan? If I do not choose a supplement plan, will I be able to use any of the benefits of part B? I need to work as long as possible to keep insurance for my spouse.

  • Reply Debrajoy November 23, 2019 at 6:27 pm

    A few years ago I was diagnosed with a physical and mental disability so I collected disability insurance. When I became 62 they told me that I was now on regular Social Security and would have Medicare. I just turned 65 on November 11th. I thought that this enrollment. Was to select a Supplement Plan. I guess I was wrong. So now if I understand correctly when I choose a supplemental plan, the companies can research my medical history. Please let me know if I have this correct. My income is such that I do supplement it with a YouTube channel which as you know fluctuates from month to month. Thank you so much oh, I really like your blue shirt by the way!

  • Reply Maureen Bike November 23, 2019 at 10:36 pm

    You said you were going to go over each Plan… you didn’t.

  • Reply AkDeb November 24, 2019 at 3:46 am

    I am in heart failure. I was denied supplement coverage because I was on Sotolol. I’m no longer on it. I’m looking at supplemental insurance now with opening. The big problem is I live in Alaska, very few plans are available. I need extensive dental care. I was told dental care not available in Alaska. I’m 70 years old so heart transplant not available but I wouldn’t do it anyway. I’m palliative care & have a defibrillator.

  • Reply jack navelski November 24, 2019 at 2:14 pm

    Thank you so much Mr Claassen for your videos. You're information took a weight off my shoulders. I can't thank you enough.

  • Reply So No November 24, 2019 at 4:31 pm

    Why don't you talk about cost, perhaps giving a scale and past costs and examples of hikes we can expect you know what cost were in the past give us an example.

  • Reply Anthony Gnagnarelli November 24, 2019 at 7:09 pm

    Great info. Very informative. Thank you!

  • Reply GJ Stiles November 24, 2019 at 11:18 pm

    I use Homeopathic Medicine and Organic supplements for my health care. I have NOT been able to find a plan that helps with my costs! I am 80yrs old and extremely healthy. Is there a plan that can help offset my costs?

  • Reply Annemarie Chuck November 24, 2019 at 11:58 pm

    great explanations about a subject that most people are totally confused about and don’t know where to go
    for advise.Was also surprised to hear about CSI since that’s my current plan.

  • Reply Karla Boum November 25, 2019 at 3:05 am

    I am from Wa. state…I will be calling you on Mon.

  • Reply SHARAD SONI November 25, 2019 at 8:47 pm

    Hi, I’m from Virginia, I have original Medicare and want to enroll for Medigap plan, I’m under 65, but I’m a patient of Kidney failure on dialysis . I want help paying whatever left from original Medicare , can you please help me out to find best plan. Thank you !

  • Reply William Mills November 25, 2019 at 10:34 pm

    Matt may be the smartest man alive…so why is he not running for POTUS?

  • Reply Bomb Dawg November 26, 2019 at 12:25 am

    Quick question…I'm a disabled military vet and have full medical coverage by the VA. Do I need to sign up for medicare?

  • Reply jammydreambird November 26, 2019 at 1:05 am

    Are there any special state laws in Arizona? Thanks so much!

  • Reply Barbara Rickert November 26, 2019 at 10:23 am

    Thank you, I need help ASAP turning 65 January and live in Louisiana if you can help me with a quote please give me your number! I am a dummy when it comes to insurance and worse Medicare

  • Reply William Mills November 27, 2019 at 10:54 pm

    I have watched this and several other of your videos (some more than once). Then I called and spoke with a rep from my insurance company. It is like pulling teeth to get them to talk about anything other than a Medicare Advantage Plan. They won't admit to any problem getting medical procedures approved or costs outside your network with a MA plan. And, when I asked about switching back from a MA to a Medigap plan, I was told I can do that anytime during the annual Open Enrollment period. They fail to acknowledge that after the first year Medigap coverage will be subject to underwriting and therefore may be denied. Thanks to your video, I now get it – MA plans have enormously higher commissions. So my take away is: be careful who you trust to guide you through the Medicare maze, inquire how they are getting paid and try to verify what they tell you. Thanks so much for your information.

  • Reply Irene Marmelstein November 28, 2019 at 12:11 am

    Very informative

  • Reply Judy November 28, 2019 at 4:28 am

    If a doctor says you need stem cells to rejuvenate a part of your body, does a Medicare Supplement pay for that?

  • Reply Marco Gil November 28, 2019 at 12:03 pm

    Im new to Med Part B (Nov 1s, 2019) and just enrolled in Plan F HDeductible with United America…Im 73 with some new health situations….should a change then plan? Thanks for any comment..

  • Reply Larry Pennell November 28, 2019 at 9:01 pm

    Is Humana choice ppo original medicare?

  • Reply peculiardeb November 29, 2019 at 3:00 pm

    Do you help in California?

  • Reply Tod Z November 29, 2019 at 3:55 pm

    This is why we need Medicare for all to take all the greedy insurance companies out of the mix.

  • Reply Nick November 30, 2019 at 4:48 am

    where can I find about these companies performance. or how long they have been with medicare? I called and left a message , but have not heard from you. 901881075 is my number

  • Reply s downey November 30, 2019 at 6:08 am

    Great information!! Age 58 and receiving disability Part A & B over 20 years. I plan to continue with the traditional Medicare and adding a supplemental plan after the conversion from Disability to Social Security Retirement. Will I be eligible to apply for the current supplemental plans after the change in 2020?

  • Reply s downey November 30, 2019 at 6:16 am

    ..previous question meant to state: Will I be eligible to apply for the current supplemental plan(s) at age 62 after the conversion from Disability to Social Security Retirement? Also, which States are the most consumer-friendly regarding Medicare ?

  • Reply Pradeep Sharma November 30, 2019 at 5:51 pm

    Thanks a lot Mr Matthew for the info you provided in your Video. I live in Northern California and wish to purchase SUPPLIMENT MEDICAL PLAN THAT IS "A" GRADE AND IT IS IN THE MARKET FOR MORE THAN 5-10 years in the market. I am 66 years old and have hardly visited doctors for the last 4-5 years except that I have inherited HIGH BLOOD PRESSURE (HYPERTENTION) from my Mother's side. I also can not afford very high premiums at all.
    FYI i have MEDICARE A & B but also added plan D (Drug Prescription Plan with effect from JAN.1'st, 2020 onwards).Will you kindly quote and suggest good Medical Supplimentory Plan in order me to cover the uncovered Medicare A & B plan of 80 % coverage.
    Kindly note that I took Medicare A & B with effect from 1st FEB 2019 onwards only.
    My email address is [email protected]

    Pradeep Sharma from Mount Shasta CA-96067

  • Reply Pradeep Sharma November 30, 2019 at 5:55 pm

    I really appreciate that MR MATTHEW explains MEDICARE throughly in depth without any string attached at all.GOD BLESS YOU AND YOUR ORGANIZATION FOREVER IN LIFE !!!!! GR8 work done by you.

  • Reply D. D. A. November 30, 2019 at 7:16 pm

    so sorry, watching video but still confused. "original Medicare" as compared to what else? thx

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