What is the Best Medicare Supplement? Pick One!
How do you pick the best Medicare Supplement? When you pick out a new tie or a new blouse, the choices are not that difficult.
You pick the one that matches, or the one you like and you move on to the next thing on your list.
Finding the best Medicare Supplement however is not so easy, unless that is, you have the right checklist.
Following are three items you should check off your list when looking for your Medicare Supplemental policy.
1.
What Color Do You Prefer? Do Medicare Supplements come with colors? Kind of.
Here is what I mean: When you buy a t-shirt from a rack, all of the t-shirts may be exactly the same cut and the same brand, with the only difference being the color.
With Medicare Supplemental Insurance, it is not really that different.
Every Medicare Supplement Plan F is exactly the same as every other Medicare Supplement Plan F, except for the price.
Here is an example: If you go into the hospital with a Medicare Supplement Plan F from "Company A" that company will pay your $1100 deductible and 100% of the co-insurance charges for such things as diagnostic tests.
If you go into the hospital with a Supplemental Plan F from "Company B" that company will also pay your $1100 deductible and 100% of any other charges.
The only real difference between these plans is the price.
"Company A" might charge $165 per month for Plan F and "Company B" might charge $115 per month for the same Plan F.
That is a savings of $50 per month or $600 per year.
I don't know about you, but I think that color looks much better on you! 2.
What Are Your Personal Needs? If you have no health issues, you may not need a plan that covers every possible health care cost, as you get for example with a Medicare Supplement Plan F or Plan J.
You may be content with lesser coverage, such as you get with a Plan A for example.
You should however, choose carefully.
Because Medigap insurance is very affordable, you should get as much coverage as you are able, while you are healthy.
If you lose your health later, you may not be able to change plans, as most times, a policy is issued on the basis of your health.
3.
What Service Do You Like the Most? In the past, many people had an insurance agent in their town that they knew and trusted.
Today however, most people are going online to shop and compare their insurance options, including their Supplemental insurance.
If you are like most people, you probably want to compare without a lot of pressure and you would like to do that in the comfort of your home.
Finding a Medigap brokerage online may be your best bet because an online brokerage can shop and compare all of the major companies and help you find a plan that is a good fit for you at the lowest price.
You should be cautious however, as there are many websites that look like Medicare Supplement Brokerages, but are really nothing more than "lead collectors.
" They get your personal information and then they sell it to numerous agents who descend on you like hungry buzzards.
This is definitely not something you want to happen because you will only get more confused and have an even harder time finding the Medicare Supplement that really meets your needs.
So, there you have it.
Your checklist is complete and now you are ready and equipped to pick the best medicare supplement for you!
You pick the one that matches, or the one you like and you move on to the next thing on your list.
Finding the best Medicare Supplement however is not so easy, unless that is, you have the right checklist.
Following are three items you should check off your list when looking for your Medicare Supplemental policy.
1.
What Color Do You Prefer? Do Medicare Supplements come with colors? Kind of.
Here is what I mean: When you buy a t-shirt from a rack, all of the t-shirts may be exactly the same cut and the same brand, with the only difference being the color.
With Medicare Supplemental Insurance, it is not really that different.
Every Medicare Supplement Plan F is exactly the same as every other Medicare Supplement Plan F, except for the price.
Here is an example: If you go into the hospital with a Medicare Supplement Plan F from "Company A" that company will pay your $1100 deductible and 100% of the co-insurance charges for such things as diagnostic tests.
If you go into the hospital with a Supplemental Plan F from "Company B" that company will also pay your $1100 deductible and 100% of any other charges.
The only real difference between these plans is the price.
"Company A" might charge $165 per month for Plan F and "Company B" might charge $115 per month for the same Plan F.
That is a savings of $50 per month or $600 per year.
I don't know about you, but I think that color looks much better on you! 2.
What Are Your Personal Needs? If you have no health issues, you may not need a plan that covers every possible health care cost, as you get for example with a Medicare Supplement Plan F or Plan J.
You may be content with lesser coverage, such as you get with a Plan A for example.
You should however, choose carefully.
Because Medigap insurance is very affordable, you should get as much coverage as you are able, while you are healthy.
If you lose your health later, you may not be able to change plans, as most times, a policy is issued on the basis of your health.
3.
What Service Do You Like the Most? In the past, many people had an insurance agent in their town that they knew and trusted.
Today however, most people are going online to shop and compare their insurance options, including their Supplemental insurance.
If you are like most people, you probably want to compare without a lot of pressure and you would like to do that in the comfort of your home.
Finding a Medigap brokerage online may be your best bet because an online brokerage can shop and compare all of the major companies and help you find a plan that is a good fit for you at the lowest price.
You should be cautious however, as there are many websites that look like Medicare Supplement Brokerages, but are really nothing more than "lead collectors.
" They get your personal information and then they sell it to numerous agents who descend on you like hungry buzzards.
This is definitely not something you want to happen because you will only get more confused and have an even harder time finding the Medicare Supplement that really meets your needs.
So, there you have it.
Your checklist is complete and now you are ready and equipped to pick the best medicare supplement for you!
