Mediation Plan G Versus Plan F: Which is better?
What would be more important to you if you want to buy a new car, the real quality of the car or brand? Let us assume that you admire a Lexus vehicle as a brand of car (actually it’s my kind of car). Why not consider Toyota? Toyota has the same unique quality, characteristics and stability. Brand is the only difference. What will you do? Which car will you choose?
It is understood that buying a car is not like purchasing a Medicare supplement plan, but now let’s stick with the analogy.
There are 10 complementary health care plans, along with a high consumption version of F plan. However, the original F plan became the official champion of medical care and left behind all other plans.
Plan F was promoted to be the best integrated plan, the welfare plan among Medicare complementary plans. At the same time, many consumers have not officially registered in the G plan. There are some reasons that the pressure of this plan is almost identical in sales offers.
1. It is cheaper, so the agents will offer a smaller commission … that is to say, plan G is not as profitable as the expensive plan.
2. Agents promote this plan at https://www.medisupps.com/medicare-supplement-plans-2020/ a challenge to F plan; consumers fear that Plan G will require more effort.
Let’s examine the first reason. Now, the difference in price between plan F and G plan on average is approximately $ 20 to $ 30 (not a real medium, but a personal grade). This is saving about $ 300 per year, or, as the dealer sees, less than $ 60 of F plan accumulated in commissions. This may not be useful for the proxy program, but if you sell 100 plans every 6 months, it’s $ 6,000. Is it worth the sound now?
If the agent already finds the best plan for your health, it will not discourage you from leaving the plan. It may be difficult to change your mind about F plan. Many people believe that F plan is the only plan that deserves your money. The deductions in part B are the difference between plan F and plan G. This subsidy is $ 147 per year and must be used in full before both your messenger and Medicare are assured. Let’s do more math. If moving to G plan can help you save $ 25 a month, you’ll still be able to save $ 153 a year even if you pay the deductible portion of $ 14 a year.
It seems puzzling, but some persons would not want to spend $ 147/year out of pocket (for it is a discount, there is no need to send any premium) to about $20- $ 30 more every month for health care supplemental plans. When my clients feel they are ready, I attempt to recommend them to Plan G. I don’t always win their heart, but I do hope that Plan G will become more acceptable in the future.