By Paul Davis | Contributing Writer

You may think this as a devious come-on from an unscrupulous insurance agent. But really, my intent is to try to connect with people who are truly overpaying on their present plans without realizing it.

If you watch TV, it’s difficult to avoid commercials for Medicare Advantage HMO plans that have zero monthly premium. Those plans are great for people who have doctors contracted with those plans and comfortable with the HMO concept. FYI, some of those plans include providers contracted with UCLA and Cedars-Sinai Medical Center. Many people find that surprising.

But this article is more for those people who want to have freedom of choice and do not mind paying a monthly premium for a Medicare Supplement (also known as a Medi-gap) plan.

If you’re on a Plan J, which has not been sold since 2010, you are on the richest standardized Medicare supplement plan.

Plan J has an at-home recovery benefit that does not exist on current plans. But how much extra are you paying for that benefit and is it worth it? Here are two 2020 case studies:

• We recently had a client who was on a plan J and his premiums were going up to $343 per month. He had been on that plan since 2009. When we shopped his plan this year, we found a Plan G coming in at $233 per month — a $110-per-month savings that equates to more than $1,300 a year.

There are two benefit differences: Plan J has an at-home recovery benefit of $40 per day for up to 40 days a year after discharge from a hospital and for every day you receive home healthcare. Sounds good, but I have never had a client make use of that benefit.

Plan J