How do you find the best Medicare supplement rate? You can search Georgia Medigap rates online, attend seminars, invite a parade of strangers into your home and let them try to sell you something. The Medicare.gov site is another option as is calling carriers direct.
The best rate is the one that fits your needs and budget. What your friend Mary or Bill bought was (hopefully) right for them. But that does not make it right for you.
Mary wears a size 6. You wear a size 4. That’s close but just not a good fit.
Bill has health problems you may not be aware of, while you are in almost perfect health.
Picking the right plan for you requires a basic understanding of what is available, and realizing your decision today may be the last time you get to make a change in coverage.
This is especially true if you are turning 65 and going on Medicare for the first time.
You are about to enter the no bull zone.
Finding The Best Medicare Supplement Rate
Some people just go with a carrier they know, such as Blue Cross, Cigna, Humana, etc. simply because they had health insurance with them in the past and they never had a problem. Others will buy through an association such as AARP, AMAC, ASA, AGA, CAP or others.
Each of these groups have a political, social or religious agenda that may or may not appeal to buyers.
Still others will ask their friends what they bought and work on the assumption it was good enough for them, it’s good enough for me.
There are pluses and minuses to each of these approaches. All that really matters is making sure you understand what you bought and being sure it will fit your needs for as long as you both shall live.
Yes, as long as you both shall live. Just like marriage, except this is a different kind of contract.
The Medicare supplement policy you buy today may be the last one you ever own.
For many, the only time they will be able to purchase a Medicare supplement plan is when they turn 65. Others will qualify medically and can change plans in the future. The older you get the more health problems that can arise. That can complicate your attempt to secure a Medigap plan in the future.
Advantage plans have minimal underwriting and annual enrollment periods. In most cases you can move from one plan to another during this time.
Medigap plans do not participate in the annual enrollment period. You can change plans (at any time, not just annual enrollment) but you have to prove you are healthy.
You would be surprised how many people don’t know that. Even people who have been on Medicare for years believe they can change their Medicare supplement plan during open enrollment.
They can, but it is not automatic.
Finding the best Medicare supplement rate is really pretty easy. Just ask.
Buy a Name Brand
Many people think if they buy from a name brand carrier they will be fine.
That is a false sense of security.
AFLAC is a name brand. Big, well known name. Entered the Medigap market in 2012. Exited in 2013. Those who bought AFLAC and were in good health moved to a different carrier.
The unhealthy ones stayed around.
Premiums had to support a smaller block that is getting older and sicker by the day.
What about Mutual of Omaha? Isn’t that a wise choice.
Which Mutual of Omaha are you buying? Mutual of Omaha, United World, United of Omaha or Omaha Insurance Company?
It makes a difference. Each Omaha carrier has different rate structures. When a new Omaha carrier is introduced in your area the new applicants are usually offered rates that are often 25% less than you are paying.
Relying on a brand name to help you find the best Medicare supplement rate may not be your best decision.
Buy From a Carrier You Know
You will be surprised how many people that are retiring from a job will simply sign up with the carrier that has their group health plan. Somehow they believe they are getting a better deal.
Your Aetna group health plan is not the same company that writes under the Aetna name for Medigap coverage. Same is true for Cigna group vs. Cigna Medicare supplement.
Two different companies.
If you are going on Medicare for the first time your new Medigap carrier is not allowed to ask any health questions. So the Cigna that offers you a Medicare supplement plan is not allowed to view your medical history with the Cigna that has your group plan.
No harm, no foul.
But that won’t guarantee you the best Medicare supplement rate.
Sometimes the carrier that never could pay your group health claim properly (at least in your eyes) will pay all your Medigap claims on time and without a hitch.
Buy from someone you know does not guarantee you will get the best Medicare supplement rate.
Medigap Rate Transparency
When you get an instant FREE Medigap quote from Georgia Medicare Plans you will also receive a report like this one. We will show you rates from carriers that offer coverage in your area. The report is tailored to your age, gender and zip.
This is part of our Medigap rate transparency approach.
We don’t know of another agent that freely volunteers this information. Also, we will answer your questions by phone or email. You have entered the no bull zone.
Other agents may refuse to give you a rate by phone or email.
Our glass pockets approach means you will have many plans and carriers to pick from rather than just a few.
Most of the people we talk to eventually become clients because they know they can rely on us to show them the best Medicare supplement rates and help them find a plan that fits their needs and budget.
They also like the fact the will get straight answers to their questions. When you call you get me or my voice mail. Leave a message during the week and you will get a call back usually within 24 hours and often the same day.
Email inquiries are often answered within 2 hours or less. I do make exceptions for those that come in at 2 AM. Don’t expect me to get up every two hours during the night to answer your questions.
It won’t happen.
Not only do you get the best Medicare supplement rate, but you can tap into my 40 years of experience at no charge.
Or you can go online to sites that capture your information and sell it multiple times to agents. You can call every carrier that writes Medigap and listen to their sales pitch. You could also invite a parade of agents to come to your home and vow not to leave until you buy or call the police.
We have clients all over the state of Georgia. Everything is handled by phone and email. You don’t come to see me. I don’t go see you.
Most people prefer it that way.
You can start your search for the best Medicare supplement rate here by getting a free, instant Medigap quote. Your information is never sold and you will get a report just like this as soon as I have a few minutes to review your information.
How easy is that?
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