People too often waste money on Medicare Supplemental Insurance. It’s not that the coverage isn’t worthwhile. It’s because more than 45 percent of Medicare beneficiaries have never compared their coverage options, according to a new National Council on Aging and United Healthcare poll.
Even though there are 10 forms of Medigap Insurance and even more versions of Medicare Advantage Plans, over 40 percent of the beneficiaries who participated in the poll didn’t think they could save money by comparing the choices in coverage.
Are Medicare Supplement Plans all the same? The biggest difference may lie in the cost. Take Medigap Plans, for example. These policies are standardized so that you know every Medigap Plan C, for instance, offer the same benefits no matter which insurance company sells it. What many people don’t realize is that companies can and do sell Plan C for vastly different prices.
It does pay to shop around for the best way to meet your health care needs, and that’s true whether you’re looking at Medigap Plans or Medicare Advantage Plans. But, it doesn’t have to confusing or time-consuming. Use our online resources to help, or give us a call to ask a few questions or schedule an in-depth confidential consultation. Even though our assistance is free, you’ll get the benefit of our years of experience specializing in ways to help you get the most from Medicare.
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.