As an independent broker that specialize in senior insurance and Medigap – Medicare Supplement Insurance, I see daily how important accurate information is. Making an informed decision depends entirely on knowing and understanding your options. Many of my clients have told me that their search for information has led to an avalanche of phone calls and e-mails from dozens of insurance agents that have left them frustrated and even more confused. This can become very overwhelming that they simply give up and miss the opportunity to learn about an option that could improve their situation and save them money.
Fact 1: There are marketing companies that will sell your information.
When you search for information online or fill out a form to win a prize, you can enter your personal information in a lead service. They will sell your information to numerous agents who contact them to provide them with the names and contact information of individuals who need information about Medigap Medicare supplement plans. This where the avalanche starts!
You can avoid this by always ensuring that you are on a legitimate, licensed broker’s website. There should be a toll free phone number for you and an email address for you to contact them. If you are asked to provide all your personal information in order to receive an offer, you may be in the wrong place. Fact 2: Although the cost of your Medigap – Medicare Supplement Plan can vary from company to company, the benefits are exactly the same. get a plan at https://www.medicaresupplementplans2019.com
There are currently 10 standardized Medicare Supplement plans. They include PLANS A, B, C, D, F, G, K, L, M and N. The benefits in each of these plans are approved by the Center for Medicare and Medicaid Services (CMS). All insurance companies offering Medicare Supplement insurance plans must meet the approved benefits for the plans they are offering.
Although the benefits in each of the different plans are the same, no matter which company offers the plan, there are big differences in the prices of plans from company to company. Knowing this and taking the time to compare prices can save you 30% or more on your Medicare supplement. A few minutes can really save you money.
Fact 3: You are NOT included in your Medigap – Medicare Supplement Plan until open registration. Medicare Supplement Plans are not subject to annual filing deadlines. You can change the plans at any time of the year. Knowing this fact, you can compare your plan options at any time and switch to another plan or company. If you find that you can get the same plan from another company for a better price, you can switch right away and start saving.
Fact 4: You are included in your Part D-Plan until open registration.
Part D Medicare Prescription Plans (PDP) are Medicare Approved plans offered by private insurance companies. They vary in terms of monthly premium, deductible and co-pay. Every plan has a unique formula. A form is a list of medicines that the plan covers and where the specific drug falls on the tier of the plans co-pay.