Medigap Plans May See Rate Increases
Did you realize that premiums may rise fastest on Medicare Supplement Insurance purchased before June 1? Analysts are concerned that because the risk pools on these plans have been closed, no new members will continue to balance the rising claims of existing members as they age and need more healthcare.
If you already have Medigap Insurance, it’s better to switch while your health doesn’t make insurers reticent to enroll you in newer plans. Imagine not being able to change plans as the premiums rise much faster than on the exact same plan just because it has an open risk pool.
For those who are new to Medigap Insurance, MediGap Advisors has all the information and resources you need to use Medigap Insurance to cover your out-of-pocket expenses that Medicare doesn’t cover.
MediGap Advisors will help you look at all the available Medigap plans, including the new Medigap Plan M and N, to see if it makes sense for you to change plans now. Just call Carol at 866-323-1441 to schedule a telephone appointment and you can discuss your concerns with a licensed agent who specializes in Medicare Supplement Plans for free. We have convenient evening and weekend hours available, too, so call today and start saving tomorrow.