You may have heard that standardized Medicare Supplement Plans can fill in the gaps in your Medicare coverage, but what does “standardized” mean for you? It definitely doesn’t mean that Medicare Supplement Insurance comes in “one size fits all” policies.
Standarized means that whether you buy Medigap Plan F from an insurance company you know or a brand new company, your Medigap coverage will include the same benefits. That does not mean that you don’t need to “shop around” before you invest your hard-earned money.
While you would get the same coverage with a Medigap Plan F from any insurance company, you could pay hundreds of dollars more than you need to unless you compare prices. That’s right – insurance companies are not regulated on how much they charge you for the exact same Medigap insurance.
To get the best value for your money, take advantage of free services that can help you compare the 10 different forms of Medicare Supplement Plans and what various companies are charging for them. You can take a look at all your Medicare Supplement Insurance options on our website. If you’d like more help, we also provide free confidential consultations over the phone to discuss your situation and offer you our professional opinion on how you can ensure your healthcare needs are met at the lowest available price. Just call us at 866-323-1441 and one of our friendly advisors we help you look at plans from different insurers to help you decide which fits your needs and your budget.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.