Every day, I see the importance of having the correct knowledge –as an independent agent who specializes in seniors insurance and Medigap – Medicare supplement insurance. Ability to make an informed decision is dependent on your knowledge and understanding of the options available. Many clients have informed me that because of their inquiry for answers, it has resulted in many emails and phone calls from myriads of agents who have put them in a confusing and frustrating condition. This could be really big if you just make out time to seize the opportunity to learn about an option that could improve your situation and save your money.
Fact 1: Marketing companies are there to sell information.
Whenever you fill a form to win something or search for information online, you can fill your private information on a page. Your information will be sold to diverse agents who will call on them to give the names and contact information of persons who need information about Medicare supplemental plans and Medigap. This is where the avalanche begins! This can be prevented by always checking to see if you are on a site with genuine and licensed agent. There should be a toll free number for you and an email address to communicate with them.If someone ask you to present all of your personal data to get an offer, it is likely that you in the wrong place.Fact 2: Though your Medigap cost – the United Healthcare Medicare Advantage Plans 2020
may be different for different companies, the benefits are the same.
There are currently 10 standard Medicare supplement plans, which include plans A, B, C, D, F, G, K, L, M, and N. Benefits in each of the individual plans are approved by the Center for Medicare and Medicaid Services (CMS). All insurance firms which offer Medigap insurance plans must satisfy the approved benefits of the plans they provide.Though the benefit for each of the various plans are identical, irrespective of what company is selling the policy, there are huge discrepancies in the premium of plans from one firm to the next.Armed with this knowledge and taking out time to make comparison on premiums, you could save 30 percent or more on your Medicare supplement. In a few minutes you can really save money.
Fact 3: You are only included in your Medigap or Medicare Supplement Plan after the application is opened.Supplemental Medicare plans are not subject to annual filing deadlines and you can change plans at any time during the year.Armed with this fact, at any time you can compare plan options and switch to another plan or company. If you find that you can get the same plan from another company for a better price, you can change right away and start saving. Fact 4: You are included in your Part D Plan until your application is open. Prescription drug plans (PDPs) of Part D are plans which Medicare approve and they are offered by private insurance firms.