Are you tired of one-size-fits-all Medicare? Maybe you and your cousin have very different situations so you really don’t need the same health care. Let’s say, you’ve been blessed with pretty good health and you try to walk almost every day. You’ve been eating lots more fruits and vegetables, including fresh salads. You may do just fine with the preventive care services of Medicare, so why would you want Medicare Supplement Insurance?
If your health does start slipping downhill, it can be a lot harder to get a low premium on a Medicare Supplement plan. During open enrollment when you turn 65 or you receive disability benefits, you’re guaranteed to get the standard rate that everyone pays.
Outside of open enrollment, insurance companies are allowed to charge you higher rates for a pre-existing condition or to deny you coverage completely if they think your health care is going to be too expensive.
Have you heard the expression “Dig the well before you thirst.” That’s true when it comes to completing your Medicare coverage. You may pay premiums for years when you don’t need a lot of health care, but you’ll have all the health care you need when it’s most important to have that expanded coverage. If you only have Medicare, you’ll have to pay for 20 percent of all doctor care no matter how many doctor visits you need. On the other hand, if you add a Medigap plan, you can have 100 percent coverage for all of your doctor bills. It’s something to think about so feel free to contact us to discuss your situation and get an opinion from someone who knows Medicare backwards and forwards.
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.