Medigap rates age 65 and older can be confusing to seniors. In truth Medigap plans, also known as Medicare supplement plans, are simple and easy to compare, at least on the surface.
Modernized Medigap plans are identical when comparing policies that are assigned the same letter.
Medicare supplement plans pick up where Medicare leaves off and pays many bills that are NOT paid by Medicare.
Age 65 Medigap rates tend to be tightly grouped, especially for the popular Medicare supplement plan F. Carriers know that Georgia seniors will often compare rates for plan F and not even consider other plans.
The reason is simple.
Most agents and carriers will only show you plan F because it is the easiest plan to explain, has the highest Medigap rates AND the highest commission. Why try to sell you a plan that pays them less when you are willing to pay for an overpriced plan?
All Medigap plan F policies are identical in every way.
It does not matter if you buy plan F from Blue Cross or Humana. Their plans are identical in every way.
The same is true for Medicare supplement plans from Mutual of Omaha, Forethought, Sterling Investors or New Era.
Policy provisions in each of these policies is exactly the same. The ONLY difference is the price you pay.
Medigap rates at age 65 and older will vary greatly by plan and carrier. It is not unusual to see rates from the most expensive carrier that are DOUBLE rates for the exact same plan but is offering the lowest rate for your age and zip code.
For a female (non-tobacco user) in Bibb County, Georgia,plan F Medigap rates age 65 range from $110 to over $167.
Would you pay $4 for a dozen eggs when you can get eggs from the same hen for $2?
Probably not. So why pay $167 for plan F when you could get the exact same plan for $110?
More importantly, why would you pay up to $167 for plan F when you could get Medicare supplement plan G for $91?
Some carriers, such as United (marketed through AARP) and USAA do not offer plan G even though it is a much better value and more suited for most seniors.
Other seniors age 65 and older who do not like the high out of pocket in Medicare Advantage plans will find Medigap plan N a better fit.
Our Macon female can purchase Medicare supplement plan N for as little as $71 per month but she will not be able to purchase that plan from Mutual of Omaha or Gerber. You may know friends or relatives who bought these plans in the past but these carriers no longer offer plan N and have targeted current policy holders for significant ongoing rate increases, in some cases as high as 40%.
Where do you find the best age 65 Medigap rates?
You can start by comparing your Medigap rate with some of the top Medicare supplement carriers in Georgia. Clicking that link will provide you with instant free quotes for age 65 and older.
You need to know the most competitive Medigap rates age 65 are usually not found online. Bob Vineyard at Georgia Medicare Plans is always willing to help you find the right plan for your needs and budget and you will NEVER pay too much.