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There is a lot of information online about Medicare Supplement Plan F versus Plan G. I have also wrote a few blog posts last year about this topic. This year, as we are introducing more video content, we have created a short 4 minute video that highlights the ONE difference between Plan F and Plan G and which plan we generally recommend. Here it is:
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 In our Free guide of the top 5 mistakes people make on Medicare, the #3 biggest mistake people make on Medicare is not knowing the difference between Medicare Advantage and Medicare Supplement plans. We wanted to take some time to expand on this topic since this is an important time of the year: the Medicare Advantage Dis-enrollment Period from January 1 thru February 14. This is an opportunity for people to switch from a Medicare Advantage Plan to a Medicare Supplement. What are the differences? There are significant differences between Medicare Advantage Plans and Medicare Supplements. Relationship to Medicare Parts A & B Medicare Advantage replaces Part A & Part B of Medicare. The individual on Medicare Advantage is still responsible for the Part B premium to the government, but the Part A and Part B benefits are no longer provided by the government with a Medicare Advantage Plan. With original Medicare + Medigap Plan, the Medigap Plan is just supplementing original Medicare; so Part A & B are still being provided by the government. Private Network Required?Medicare Advantage Plans are HMO plans that require an individual to use a private network of doctors/hospitals. Original Medicare does not require a private network - you can go to any doctor/hospital in the country that accepts Medicare (about 90% of doctors and 98% of hospitals). Referrals Required?With most Medicare Advantage plans, referrals are required to see specialists (e.g. Chiropractor, Podiastrist, etc.) . Original Medicare does not require referrals. You can just call up a specialist and schedule an appointment. Part D included?With most Medicare Advantage plans, the Part D drug coverage is included in the plan. A Medicare supplement does not include a Part D drug card. An individual can shop for the best Part D drug card (generally 20-30 available in each state). Monthly Premiums?In most cases, Medicare Advantage plans have lower monthly premiums when compared to Medicare Supplements, but... ...Maximum Out-of-Pocket CostsMedicare Advantage plans have maximum out-of-pocket expenses up to $6,700/year. Medicare Supplements limit medical out-of-pocket expenses significantly. Plan G is our most popular Supplement right now, which only has about $166 annual out of pocket expense for medical expenses. Guaranteed Renewable?Medicare Advantage plans change every year and have to be reviewed during open enrollment each year (October 15 - December 7). Medicare Supplements are federally regulated coverage that will never change, and they are guaranteed renewable for life. Good Morning America - Medicare Advantage ClipI recommend watching this 7-minute video to gain a sense of some of the experiences individuals could have with Medicare Advantage Plans. Call us Now (1-908-272-1970) if you have any Medicare questions or if you want to get latest quotes on Supplements to see if you can save some money!  We hope everyone had a great year in 2015 and we wish everyone an even better 2016! Here are some 2015 highlights from Senior Advisors. Top Articles in 2015 We launched a new website in July 2015 and actively worked on providing relevant and entertaining content in our weekly blog and newsletter. Video content was another focus to help make the content easier to absorb. You find all the articles here, and the top 3 articles (based on viewers) are listed below. (1) Medicare Part D and Prescription Drug Changes in 2016 (2) Supplement Plan G vs Plan F (3) Is Plan G still a good option if the Part B deductible increases? We hope you enjoyed the articles and will continue reading in 2016! New Office Opened: Cranford, NJ We still have our main office in Moorestown, NJ, and we opened a new office in Cranford, NJ (23 North Avenue East) as we continue to expand in Central and North Jersey. Medicare Workshops We hosted about 20 Medicare Workshops in NJ from September-November with very positive reviews from the attendees. Some of the key highlights from our feedback forms:
We are in the process of building out the content and our workshop schedule for 2016. The schedule for Workshops can be found here. FREE RX Analysis We launched a new online form for a free Part D Prescription analysis that can be used by all of our existing clients, and we also opened it up to prospects that were reviewing their drug cards during open enrollment. We had about 15% of our RX analysis forms submitted via the online form and we look forward to continued increases next year as folks take advantage of the online forms. Looking forward to an exciting 2016 with a lot more exciting activity! In addition to the upcoming Medicare workshops, we are excited that Doug will be filming a spot on the Stoler Report in February focused on Medicare. More details to follow in the coming weeks.  |
Justin LubenowSee bio here Categories
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Servicing Moorestown, Cherry Hill, Mount Laurel, Haddonfield, Voorhees, Medford, Marlton, Philadelphia, surrounding towns, and licensed in 30+ other states as well. Cranford Office | 15 Alden Street, Suite 8, Cranford, NJ 07016 | Tel: 908-272-1970 Servicing Cranford, Westfield, Summit, Scotch Plains, Mountainside, Berkeley Heights, New Providence, Basking Ridge, surrounding towns, and licensed in 30+ other states as well. Phoenix Office | P.O. Box 71283. Phoenix, AZ 85050. | Tel: 602- 996-1549 Servicing Phoenix, Scottsdale, Peoria, Sun City, Sun City West, Paradise Valley, Fountain Hills, Cave Creek, surrounding towns and licensed in 30+ other states as well. Email: info@senior-advisors.com (Se Habla Español -Tel: 908.441.5678) |
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Copyright © 2021 Senior Advisors, LLC | Licensing & Legal | Privacy Policy