Medicare’s Health Plans Could Cost You a Fortune
Every day I see the benefits of having accurate information, as an independent broker that major in insurance for citizens and Medigap or Medicare Supplemental insurance. Taking the right kind of decision relies entirely on your knowledge and comprehension of the options before you.
Many potential clients tell me that their search for solutions resulted in lots and lots of phone calls and emails from dozens of insurance agents, which put them in a confusing and frustrating situation. This could be really painful if you just give in and miss out the opportunity to find an option that could improve your health condition and save you money.
Fact 1: Marketing companies are here to sell you information.
When you search for information on the Internet or fill out a form to win a prize, you can enter your personal information on a shortcut page. They sell their information to different agents who contact them to provide them with the name and contact information of people needing information on Medigap and Medicare supplemental plans. This is where the information overload begins!
You can avoid this by always making sure to be on a website with legitimate and authorized brokers. There should be a free phone number for you and an email address to contact them.
If you are being asked to type in your personal data to get an offer, chances are, you could be on the wrong site.
Fact 2: Even though your Medigap cost – the Medicare Supplement plan may be different for different companies, however, the benefits are the same.
There are currently 10 standard additional Medicare plans, including A, B, C, D, F, G, K, L, M, and N. The benefits of each of these plans are approved by the Center for Medicare and Medicaid Services (CMS). All insurance companies that offer complementary Medicare insurance plans must comply with the approved benefits of the plans they offer.
Although the benefits in each of the different plans are the same, regardless of the company offering the plan, there are large differences in the prices of the plans from one company to another.
By knowing this and taking the time to compare prices, you can save 30% or more on Medicare supplemental plans. In a matter of minutes, you can really save a lot of money.
Fact 3: You are not included in your Medigap or Medicare Supplement until you open the registration.
Medicare supplemental plans are not subject to the annual production cut-off dates and you can change them at any time of the year.
With this in mind, you can compare plan options at any time and switch to another plan or company. If you discover that you can get the same plan from another company at a better price, you can immediately change and start saving.
Fact 4: You are included in your Part D plan until registration is open. Part D (PDP) drug insurance policies are plans approved by 2020 Medicare advantage comparison and sold by private insurance companies.