If you purchased a brand new car, what would be more important to you? Brand or actual quality of the car? Let me say that you really admire Lexus as a luxury brand (this is my personal preference). But what about the Toyota? It has the same features, quality, 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 app, but for the time being carry my analogy.
There are 10 Medicare Supplement plans as well as a franchise version with a high degree of deductible. However, the original Plan F became the official world champion of the Medicare supplement, leaving all other plans in the dust.
Plan F was sold as the best of the best, luxury car line Medicare Supplement. However, many consumers are never officially represented in Plan G. There are several reasons why this seemingly identical plan was knocked out during sales presentations.
1. It costs less, so agents will make a smaller commission ... means that plan G is not as profitable as selling a cost plan F
2. Agents sell this plan as a “hassle” compared to Plan F; which means that consumers are frightened to think that Plan G will require more effort on their part.
Let's discuss the first reason. The average price difference between Plan F and Plan G is around $ 20-30 (not the actual average, but rather my personal estimate). This amounts to about $ 300 per year in savings, or, as the agent remarked, $ 60. Less than plan F will be in agreements. This may not seem appropriate for an agent’s agenda, but if you sell 100 policies every 100 months, then it’s about $ 6,000 down. Is the sound worth now?
However, if the agent does find the best policy for you according to your situation, they will not distract you from plan G. I always communicate my conclusions from plan G, which leads me to the second reason:
You, the consumer.
It is difficult to evaluate your opinion on plan F. Many of you believe that plan F is the only plan that is worth your money. The only difference between the F and G plans is a small, tiny thing called Part B. This deductible costs $ 147 per year and must be fully spent before Medicare or your carrier covers anything. Let's do some more math. If switching to Plan G can save you $ 25 per month, you will still save $ 153 per year even if you pay $ 147 / year Part B Deductible.
This is a puzzle, but some people refuse to pay $ 147 per year (this is a deductible, you do not need to send an invoice anywhere) to spend about $ 20-30 over a month on Lexus Medicare.
Of course, all of your friends may have a brilliant new F plan, but you can get the same coverage less and become a Medicare Supplement guru for the group. If my conclusions are convenient, I try to send them to Plan G. I’m not always successful, but I hope that Plan G will become more popular in the future.
If I had to choose between Lexus and Toyota, I would choose Toyota. Not because Lexus is unreliable, but because I know that I would be just as pleased with Toyota in general as with Lexus, and they are much cheaper.
