Medicare Supplement Plans Archives | Page 38 Of 38

Medigap plan F is quite popular in Georgia, but is it a good value? Not in my opinion. Medigap plan F is one of the highest cost Medicare supplement plans and in most cases is way overpriced.

Recently I was asked to compare an existing Medigap plan F against other carriers. This individual had Medigap plan F through USAA, a very solid and competitive carrier. His current rate was $10 less than my best rate for the same plan.

But the story doesn’t stop there.

USAA uses a community rating system and will be increasing everyone’s rates in January, 2012.

The same is true for Blue Cross and AARP. They will be increasing rates for their policyholder in January as well. Even if you bought from them in October of 2011 your rates will increase in January.

What fun is that?

At this point we don’t know how much the rates will change but they will go up.

If he bought the same plan F now (from a different carrier) his rate would hold for 12 months.

While we can’t calculate the savings now for plan F vs. his new rate, I can tell him with certainty that enrolling in plan G will save him more than $300 per year vs. his current plan. Also, USAA does not offer a plan G so they are effectively saying this is what we offer, take it or leave it.

Medigap plan F is the most popular so many carriers will price that product competitively on new business but will not be as aggressive on the value oriented plans such as G.

The spread will become more pronounced over the years as Medicare supplement plan F usually has higher rate increases than the other plans. So over time, plan F becomes increasingly more expensive while the other plans deliver more value.

Medigap plan F is a ripoff that is heavily promoted by carriers and agents that seek to take advantage of GA seniors.

If you have plan F, especially with a carrier such as AARP, Blue Cross, or USAA you should compare Medigap rates now and lock in a lower rate for 12 months.

Unless of course you just like paying more . . .

When you pay more you don’t get more, it simply means you paid too much. That’s just like pouring money down the drain.

Bob Vineyard at Georgia Medicare Plans can help you find the lowest Medigap rates in your area.

BCBSGA Medicare supplement plans fill gaps in coverage where Medicare Part A and B leave you in the hole. Because Medicare only pays 48% of your medical bills you need a good BCBSGA Medigap plan to pick up where Medicare Part A and Part B leaves off.

Medicare Deductibles and Coinsurance

A good Medicare supplement plan from BCBSGA will help you pay for your Medicare deductibles, copay’s and coinsurance. Without a supplement plan you will pay these items out of your own pocket and what senior can afford that?

BCBSGA Medicare supplement plans and BCBSGA Medigap plans pay for charges approved by Medicare but not covered by Part A or B.

You Can Trust Blue Cross

Because you have a Blue Cross of Georgia (BCBSGA) supplement plan you know that any doctor that accepts Medicare assignment will also take your plan. More doctors and hospitals in Georgia trust Blue Cross than any other carrier in the state. You can sleep well at night knowing you have the best Medicare supplement plan in the state.

Federally Standardized Medicare Plans

It is relatively simple to compare BCBSGA supplement plans with those offered by other carriers. Most carriers offer the 11 standardized plans Medicare supplement plans. Some carriers only offer a few of the plans but you can always find the popular Medicare supplement plan F in every carriers portfolio, including BCBSGA.

Which Supplement Plans Does Blue Cross Offer?

Currently Blue Cross Georgia offers Medicare plans including A, F, High F, G and N. BCBSGA Medicare supplement plan F is the most popular.

Why Should You Buy a Blue Cross Medicare Supplement Plan F?

With BCBSGA supplement plan F you have the following:

Competitive pricing at many ages
No additional charge for tobacco use
Ability to use any Medicare approved doctor
Specialist referrals are not necessary
No additional out of pocket costs under Medicare Part B when you use a Medicare approved doctor
No claim forms to complete or file

How Do I Apply for a Blue Cross Medicare supplement plan?

You can apply direct with BCBSGA or use the services of an agent (such as Georgia Medicare Plans) that represents many carriers including Blue Cross. Independent agents such as myself have access to all the major Medigap carriers in Georgia, including BCBSGA. We have the same rates and plans that you get when you apply direct.

My clients always have access to me any day of the year. You don’t have to wait until the carrier is willing to take calls during their “bankers hours” and I promise you will never hear “Press 1 for English” when you call me.

Georgia Medicare Plans has affordable Medicare supplement plans in Georgia from BCBSGA and other carriers to fit almost every need and budget.

Is Medigap Plan F a Ripoff?

BCBSGA Medicare Supplement Plans