Lexus of the Medicare Supplement Line: Program F and Plan G

If you want to buy a brand new car, what is more important to you? The brand or actual quality of the car? Let us say that you really admire Lexus as a luxury brand [this is my personal preference]. But what about Toyota? It has the same features, quality, and stability; the only difference is the brand. What would you do? Which car would you choose?

Now, I know that buying a car is not the same as buying a Medicare supplement, but I can't use my analogy for the time being.

There are 10 Medicare grant programs and a high deductible for Plan F. However, the original Plan F has become the official champion of the Medicare Supplement world, leaving all other plans in the shadows.

Plan F has been listed as the best luxury car in the Medicare Supplement series. However, many consumers have never officially introduced the plan G. During the sales presentation, there are several reasons why this seemingly identical plan has been pushed to the curve.

1. The cost is lower, so the agent will reduce the commission... On average, the G plan is not as profitable as the cost plan F

2. Compared with the F plan, agents push this plan to "trouble"; meaning consumers are afraid that Plan G needs more effort.

Let us discuss the first reason. The average price difference between Plan F and Plan G is about $20 to $30 [not the actual average, but my own personal assessment]. This saved about $300/year, or as an agent, it was $60 less than the F plan to earn in the contract. For the agent's agenda, this may not sound worth it, but if you sell 100 policies every six months, you would need about $6,000. Sounds worth it?

However, if the agent does find the best policy for your situation, they will not lead you away from the G plan. I always tell my G plan, which reminds me of the second reason:

You, the consumer.

It's hard to influence your opinion about Plan F. Many of you think that the F plan is the only plan worth your money. The only difference between Plan F and G is that a small thing is called Part B Deductible. This deductible is $147 per year and must be completely used before Medicare or your carrier underwrites any fees. Let's do more math. If you switch to Plan G, you can save $25/month, and you can save $153/year even if you pay a B-part deductible of $147 a year.

This is a problem, but some people give up paying $147 a year in cash [it can be deducted, you don't have to send bills anywhere] to spend about $20 to $30 more for a month of Lexus Medicare supplements.

Of course, all of your friends may have a shiny new plan F, but you can get the same protection and become the group's Medicare supplement master. If my clues are comfortable, I will try to direct them to Plan G. I don't always succeed, but I hope that G plans will be more popular in the future.

If I have to choose between Lexus and Toyota, I might choose Toyota. Not because Lexus is unreliable, but because I know that my overall performance on Toyota is as satisfying as Lexus and that it is much cheaper.

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Orignal From: Lexus of the Medicare Supplement Line: Program F and Plan G