Medicare Health Plans Could Cost You a Fortune

Medicare Health Plans Could Cost You a Fortune

Every day, I see the benefit of having accurate information; as an independent agent that specialize in insurance for the elderly and Medigap – Medicare insurance supplement. Making an informed decision depends solely on your knowledge and understanding of the options available. Many clients informed me that the quest for answers resulted in many phone calls and emails from dozens of insurance agents that placed them in a frustrating and confusing situation. This can be very great if you simply give up and miss the opportunity to learn about an option that could improve your condition and save your money. Fact 1: The marketing firms are there to sell information for you.

When you search for information on the Internet or fill a form to win a prize, you can insert your personal information into a squeeze page. They sell their information to different agents who contact them to provide the names and contact information of people who need information about the Medigap Complementary and Medicare plans. It is here that the conundrum starts! You can always avoid it by checking if you are on a legitimate and authorized broker site like  selling 2019 Medicare supplement plans. There should be a toll free number for you and an email address to interact with them. If you are asked to provide all of your personal information to receive an offer, you could be in the wrong place.

Fact 2: Although the cost of Medigap – Medicare Supplement Plan may be different for different companies, the benefits are the same.

There are presently 10 standard Medicare supplemental policies which include plans A, B, C, D, F, G, K, L, M & N. The benefits in each of these plans are approved by the Center for Medicare and Medicaid Services (CMS). All insurance companies that offer Medicare supplemental insurance plans must meet approved benefits for the plans they offer. Although the advantages in each of the different plans are the same, regardless of the company that offers the plan, there are large differences in the prices of plans from one company to another. Knowing this and taking the time to compare prices, you can save 30% or more on your Medicare supplement. In a few minutes you can really save money.

Fact 3: You are only included in your Medigap or Medicare Supplement Plan after open enrollment.

Medicare supplemental plans are not subject to filing deadlines and may change plans at any time of the year. Armed with this fact, 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 change immediately and start saving. Fact 4: You are included in your Part D Plan until enrollment is open.The prescription drug plans for Part D (PDP) are plans approved by Medicare and provided by private insurance companies.