2014 Medicare Disenrollment Medicare Advantage

Medicare Advantage enrollment topped 15 million, an all time high. So why is Medicare disenrollment in the news? How many people really know what they have in a Medicare Advantage plan?  medicare disenrollment

The dis-enrollment period for the Medicare Advantage Plan runs until Feb 14. What does this mean and how can you dis-enroll?

During this time, Medicare beneficiaries can dis-enroll from a Medicare Advantage Plan and return to Original Medicare.

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Can 15 million people be wrong?

They could be, but after several years of working with seniors in Georgia I am convinced that most of them really don’t know what they bought. Even people who have had a Medicare Advantage plan for years don’t understand how the plan works. The “set it and forget it” approach might shock you when you actually use your plan.

Here are some things you may not know about Advantage plans and why you may want to consider Medicare disenrollment.

  • Less than half the doctors in Georgia take Medicare Advantage patients
  • Virtually all doctors will see you if you have original Medicare
  • Advantage plans give you a list of doctors and hospitals and say choose one
  • Doctors in the network in 2013 may not be back in 2014
  • Drugs covered under your Advantage plan in 2013 may not be included in 2014
  • Many Georgia Advantage plans do not renew forcing you to pick a new plan every year
  • Your out of pocket maximum does not include Rx, non-approved claims or out of network claims

You don’t have any of those issues with original Medicare. Most of your friends that bought Advantage plans will have to learn about the disadvantages of an Advantage plan the hard way. Because you are reading this, you won’t have to blow through thousands of dollars to pay medical bills. If you use your Medicare disenrollment option before Valentines day you can have all the advantages of original Medicare.

While you are at it, shop and compare our rates for Medicare supplement plan N.

Is the 2014 Medicare disenrollment for you? Give us a call. Free, no obligation consultations are our specialty.

Georgia Farm Bureau Medicare Supplement Plans

Georgia Farm Bureau Medicare supplement plans are now available, but are they competitive? Which Medigap plans do they offer? Are GFB supplement insurance plans available in all counties? Georgia Farm Bureau Medicare supplement plans

How do I compare Georgia Farm Bureau plans and rates?

 

Are Georgia Farm Bureau Medicare Supplement Rates Competitive?

Based on a sampling of Georgia Farm Bureau Medicare supplement rates, the answer is no. They are not the highest in the state. That title belongs to United American along with Forethought, Royal Neighbors, Loyal American and a few others.

Generally they seem to fall in line with United Healthcare and Blue Cross which are not the highest but rarely deliver value.

A male, age 65 in Hawkinsville, GA would save almost $400 per year on Medigap plan F by picking a lower cost carrier than GFB. A female, age 72 in Dahlonega would save over $500 per year by choosing someone other than Georgia Farm Bureau.

You can view Georgia Farm Bureau rates here.

Feel free to shop and compare GFB rates to other Medigap carriers by clicking on the image below.

GA Medigap Quotes

Keep in mind, ALL Medicare supplement plans with the same letter are EXACTLY identical to the same plan from another carrier. If you like the benefits of Medigap plan F any other carrier offering plan F has the exact same benefits. The only difference is the rate you pay.

Only a few carriers allow their rates to be illustrated online. For the LOWEST rate you need a comparison from an independent Medicare broker such as Georgia Medicare Plans. We will be glad to show you the 4 best plans based on your needs. Our job is to help you save money without sacrificing qualify.

When you pay more for your Medicare supplement plan you don’t get more, you simply paid too much.

Which Medigap Plans Does GFB Offer?

Georgia Farm Bureau Medicare supplement plans include A, B, C, D, F, G, M and N.

Most agents will only show you Medicare supplement plan F. Do you want to know why?

Medigap plan F is the easiest to explain, has the highest rate and pays the highest commission.

Over 90% of my Medicare clients do NOT pick plan F once they understand their options. Switching from Medicare supplement plan F to a different plan saves you an average of $250 per year. That is real savings. Money you keep in your pocket instead of making the carrier (and the agent) rich at your expense.

 

Where Are GFB Plans Sold?

You can buy Georgia Farm Bureau Medicare supplement plans in any county in the state. Unlike Medicare Advantage plans that are here today and gone tomorrow, Medigap plans from any carrier approved by the Georgia Department of Insurance are available in all zip codes and counties.

GA Farm Bureau is a fine company with a storied past. If you have a Farm Bureau policy and like your agent, there is nothing wrong with buying a plan from them as long as you understand there are savings to be had by buying from an independent agent with the responsibility of educating you on the differences in each plan and showing you the best rate based on your needs.

What Does Medigap Insurance Cost?

Your Medigap insurance cost is determined by a number of factors. Medicare supplement carriers will consider your age, gender, zip code, tobacco use and the standardized plan you pick.  Medicare supplement plan F rates

All plans with the same letter are identical in every way, except the Medigap insurance cost or premium. Finding an affordable Medicare supplement plan isn’t difficult if you know where to look.

Shop and compare now.

Compare Medicare supplement insurance rates

 

Donna’s Search for Affordable Medigap Insurance

Donna called and was in a tizzy. She would be turning 65 soon and was ready to sign up for Medicare but was totally confused by all the literature that came in the mail plus the incessant phone calls from salespeople who wanted to come to her home and SELL her a plan.

Years earlier I had helped her find health insurance when she was in between jobs. She remembered how I had taken the time to listen to her concerns and then spent time explaining her options. Now that she was ready to enroll in Medicare she wanted my help again.

Donna had information on Medicare Advantage as well as Medicare supplement plans, and like most seniors, she was on a fixed budget and needed to make sure she made the right choice.

All my clients get the same treatment. I first ask what they know and understand about Medicare, Advantage plans and Medigap and then go from there. It usually doesn’t take long for them to get off track.

Then I explain how the various parts of Medicare work, especially Part A and Part B. We talk about the differences in an Advantage plan and original Medicare plus a supplement plan.

Medicare Advantage plan premiums range from $0 to $100 or so. Medigap plans have higher premiums but lower costs.

 

What Does Medigap Insurance Cost?

The answer is, it can cost a lot or not much at all.

The true cost of Medicare insurance is not just the monthly premium, but also how much you have to budget for expected and unexpected medical costs.

With Advantage plans you never know how much to budget. Even though the plan may have a stated limit on out of pocket costs (typically $3500 – $6000) those figures do not include claims denied by the carrier or out of network penalties and charges.

Estimating your Medigap insurance cost is much easier, especially with the more popular plans. Most of my clients know their maximum at risk for hospital and outpatient charges are limited to the Medicare Part B annual deductible ($147 in 2013).

 

Like most seniors today, Donna was going to continue working past age 65 and did not need any financial surprises. It was easier for her to budget for a monthly premium knowing that her out of pocket was limited to $147 than trying to set aside several thousand dollars each year in case her health takes a turn for the worse.

She also liked the ability to keep her current doctors rather than picking blindly from a list provided by an Advantage plan carrier.

 

So what did Donna decide?

She picked Medigap plan G and saved more than $60 per month (over $700 per year) vs. the plan F that is heavily promoted by AARP, Blue Cross and Mutual of Omaha.

Donna was so pleased she referred two of her friends to me.

Thank you Donna! Satisfied clients are the best reward.

 

#WhatDoesMedigapInsuranceCost

Can I Change My Medigap Plan?

Georgia seniors ask, “Can I change my Medigap plan?”. Which Medicare supplement plan is best? How do I find the best rate for can I change my medigap planMedigap plan F? Instant free quotes. Compare Medigap costs in 60 seconds. PLUS get access to our FREE report showing ALL rates and plans based on your age and zip.

 

Can I change my Medigap plan?

The short answer is, you are eligible to buy a new plan or change your Medigap plan at any time. Unlike Medicare Advantage plans, there are no annual enrollment periods.

The best time to buy or change your Medigap plan is when you initially sign up for Medicare Part A and B which usually occurs at age 65.

You also have guaranteed issue rights to buy a Medicare supplement plan.

Before asking “Can I change my Medigap plan?” you should compare Medigap costs.

 

Shop and compare Medigap costs

Ignore the hype. All Medicare supplement plans with the same letter are identical in every way except premium. Click the image below to shop and compare Medigap costs. Instant free quote.

shop and compare medigap costs

When you pay more you don’t get more, you simply paid too much.

 

Which Medicare supplement plan is best?

Medicare supplement plans have standardized benefit structures. Once you pick a plan design that fits your needs, the only other consideration is can you find a plan to fit your budget?

 

How do I find the best rate for Medigap plan F?

The easiest way is to shop and compare online, but you probably will not see the best rates. Many Medigap carriers do not allow their rates to be published online.

How do you know plan F is best for you?

Did you know that almost 70% of Georgia seniors buy Medicare supplement plan F simply because that was the only plan that was explained?

If you wanted to buy a car, and the salesman only showed you 4 wheel drive SUV’s, would you be satisfied?

Most of my clients NEVER buy Medigap plan F. Do you know why?

Bob Vineyard and Georgia Medicare plans have access to rates from some of the lowest cost plans in Georgia. Ask for a personalized Medicare supplement quote.

Final notes

If you have Medigap plan F, you definitely should consider making a change in your Medigap plan.

When you bought your Medigap plan, did you buy from Blue Cross, Mutual of Omaha or United Healthcare (AARP)? If so, you probably are paying too much.

Maybe you bought a Medicare Advantage plan. The low premium seemed like a good idea at the time. The REAL cost of an Advantage plan is how much you pay when you receive medical care.

Advantage plans are great until you use them.

Can I change my Medigap plan?

You decide.

 

#CanIChangeMyMedigapPlan

#Age65EnrollInMedicare

#Age65SignUpForMedicare

#GAMedigapQuotes

#GAMedigapRates

#GeorgiaMedicareSupplementRates

Is Medicare Supplement Plan F The Best?

Is Medicare supplement plan F the best plan for me? Who has the best rates in Georgia for Medicare supplement plan F? How do I know which Medigap plan is the best? Is Medigap plan F better than a Medicare Advantage plan? Who has the best rated GA Medicare supplement plan?

All great questions that deserve great answers.    best medicare supplement plan F

 

Is Medicare supplement plan F best for me?

Only you can answer that question. The best Medigap plan for you is one that fits your needs and budget. About 60% of Georgia seniors who own a Medicare supplement plan choose plan F. But is plan F right for you?

Medicare supplement plan F pays 100% of approved Medicare Part A and Part B charges. When you own Medigap plan F you never have to worry about unpaid approved Medicare regular or excess charges.

Anything approved by Medicare but not paid (due to deductibles and coinsurance) is covered at 100% by your Medicare supplement plan F.

 

Who has the best rates in Georgia for Medigap plan F?

The answer varies according to your age, zip code and tobacco use.

The good thing to know is, all Medicare supplement plan F’s are identical in every way except price. Medigap costs can range widely from carrier to carrier.

Since all plans are identical why would you ever pay more than you need to?

A female, non-tobacco user, age 67 in Macon GA could pay anywhere from $125 to $184 per month for Medigap plan F. The $184 plan is not better than the $125 plan.

In between the highs and lows you will find well known carriers such as Blue Cross ($170), Mutual of Omaha / United of Omaha ($164) and United AARP ($172).

Shop and compare your rate with top rated best Medicare supplement plans in Georgia with a FREE instant Medigap quote. Click now to save.

When you pay more you don’t get more, you simply paid too much.

 

Is Medicare supplement plan F better than Medicare Advantage?

Again, you will need to decide.

If you like the security and stability of original Medicare, knowing that you can use any doctor or hospital anywhere in the US, then Medicare supplement plan F may be right for you.

Recently Universal Health Care went into bankruptcy and everyone who had a Medicare Advantage plan lost their coverage and were automatically enrolled in original Medicare. Some decided to look for a new Medicare Advantage plan but why run the risk of disruption again?

The good news is, if you have a Medicare Advantage plan and they go out of business, original Medicare will always take you back and you can choose any Medigap plan you wish, including plan F, and your new Medigap carrier cannot refuse to issue a policy or deny coverage for any pre-existing conditions.

Medicare Advantage plans have a lot of moving parts. Often you don’t know how much you will have to pay for treatment until you get the bill. And what happens if you receive treatment from a non-network doctor, lab or hospital?

You pay even more!

With original Medicare and Medicare supplement plan F there are no networks, no moving parts, and in most cases no out of pocket expenses.

Is Medicare supplement plan F the best plan for you? What do you think?