Best Medicare Supplement Plans 2021 in Michigan
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Well, I've been getting a lot of emails lately, as well as comments on my other videos. People seem to be asking, "Randy, what are the best Medicare Supplement Plans for 2021?" Now, we saw some big changes in 2020 with Plan F no longer being available to anybody turning 65 January 1, and beyond of 2020, Will there be that big of changes for 2021? Stick around and find out. I'm Randy Palmer, owner of michiganhealthbroker.com. I created this company 11 years ago when I was shopping for Medicare Supplement Insurance for my own mom. I was totally confused. I got calls from agents night and day because they sold my information online. And I knew there could be a better way.
Now, we're an independent agency. We shop the rates for our clients every year. We never sell your information. We give quotes on our website, unlike most other sites out there, and we make sure that our clients pay the least amount possible every year because you will get rate increases, and we watch those for you.
So, if you're new to Medicare, just turning 65 now, or perhaps in 2021, you also might be asking, "What are the best Medicare Supplement Plans for 2021?
I want to know!" Well, you can just throw a Plan F out the window. You're not even allowed to enroll in it, but that's okay. Plan G and Plan N are better options, anyway. Now, Medicare Supplement Plan G is identical to Plan F.
The only difference being, somebody's got to pay a Part B Deductible before Medicare or the supplement plan start paying. Plan F pays that for you. With Medicare Supplement Plan G, it's called the Annual Medicare Part B Deductible. You would pay that yourself..
And then it almost turns into a Plan F, where it has 100% coverage after you pay that deductible. So many of you watching this might still have Plan F, and you probably love it. It's 100% coverage. I do understand that. I'm only encouraging you to possibly let us help to look at the rates of a Plan G, explain the difference again if you'd like, and then do the math.
Because we've been saving people money all week. Getting them From Plan F to Plan G. The last couple I spoke with saved a combined almost $750 by switching them to Plan G. And that's after they paid their Part B Deductible. So if you do have a Plan F, you can keep it, but you can also even switch to a Plan F with another company if they have a lower rate.
But again, that is if you were eligible for Medicare prior to January 1 of 2020. Anyone new coming on Medicare that date or after, cannot get a Plan F. So what can you get? Like I mentioned, Plan G or Medicare Supplement Plan N. So let's do a quick breakdown of exactly what Plan G covers and how it works.
With Plan G, you will have your monthly premium, of course, to have the plan.
Let us shop those premiums. Every company has the same plan G, but they all charge different premiums for it. Now, we are an independent agency. Like I mentioned, we shop all the rates, so there's never a cost for any of our services, but we shop the rates so you don't have to and we'll find the lowest Plan G for you in your area.
So with Plan G, after your monthly premium, you're only going to have one out of pocket expense. And that is the Medicare Annual Part B deductible. Now in 2020, that deductible is $198. We expect it to be about $210 for 2021. We'll know later in the year.
Medicare doesn't like to tell us till the end of the year. But after that deductible is paid, and that is just simply the first, this year $198, 2020, the first $198 of your medical bills, you pay. After that, it's 100% coverage. Plan F pays that for you, except it's $198 benefit that would cost you probably 300 or more dollars to get.
Randy Palmer
