Have ever wondered “How much does a good Medigap plan cost in Georgia”? The short answer is, a lot less than a bad plan. Where can I find an affordable Medicare supplement plan? How can I tell a good Medigap plan from a bad one? Is it OK for me to shop online to find the best rates? How much should I expect to pay for a good Medigap plan? Is a Blue Cross Medicare supplement plan better than one from someone I have never heard of? What’s up with the dog?
Is a Blue Cross Medicare supplement plan better than one from someone I have never heard of?
Your father or mother probably told you that you can never go wrong with a brand you know.
Just because Ford made the Edsel, and GM built the Corvair is no reason to believe either of those companies would make a bad product, right? When it comes to Medicare supplement insurance coverage, many people automatically pick a plan from Blue Cross, United (AARP) or Mutual of Omaha because of brand recognition.
Everyone, including doctors and hospitals, know these companies and you expect everyone to “accept” your plan because of the brand recognition.
True, but when it comes to Medigap coverage, doctors and hospitals are just as willing to accept a plan from Humana or Equitable or New Era as they are any of those big name carriers.
Here is a truth you need to understand. Any doctor, lab or hospital that accepts Medicare assignment will ALSO take your Medicare supplement plan regardless of the company that issued your policy.
Your Medigap plan cost can still be affordable and you don’t have to rob a bank to pay for your coverage.
When you pay more you don’t get more, you simply paid too much.
What does a Medigap plan cost? Click the image below to shop and compare. > > >
How can I tell a good Medigap plan from a bad one?
On the surface, you can’t.
As a friend used to say, this information is on a need to know basis and you don’t need to know. What you DO need to know is this.
Any doctor, lab or hospital that participates in Medicare assignment will not refuse your Medigap plan. Most won’t even ask to see your ID card. They don’t need it.
When you are treated the provider bills Medicare, not your Medigap carrier. Medicare reviews and adjudicates the claim. When the claim is approved Medicare sends the claim to your Medicare supplement carrier for them to pay their portion.
Your supplement carrier will not pay any claim until it is first approved by Medicare. If Medicare approves your claim, your supplement carrier cannot deny it.
How much should I expect to pay for a good Medigap plan?
The rate you are billed is determined by a number of factors. Georgia Medicare supplement carriers will charge you a rate based on your age, zip code and the plan you select. Some carriers will also set rates based on your gender or tobacco usage.
Some carriers will raise your rates as you get older. Happy birthday. Here is your new rate.
Others consider you like Dorian Gray . . . you never age. If you buy at age 65 you are always billed as if you never got older.
The “birthday” carriers will often increase your rates twice in one year. Dorian Gray carriers only change rates as needed and you are never singled out for higher Medigap plan cost no matter how much you use your plan.
Did you know that Medicare supplement plans with the same letter (plan F for example) are identical in EVERY WAY except the premium? Just because you paid more for a Blue Cross, Mutual of Omaha or AARP plan does not mean you got a better plan. You simply paid more than you needed to.
Is it OK for me to shop online to find the best rates?
There is nothing wrong with shopping online to find Medigap plan cost. Nothing wrong as long as you don’t mind paying more for your coverage.
Most Medigap carriers do not allow their rates to be illustrated online and many who only provide offline rates have a lower cost than the big names. Here is an example.
If you are a female, age 65, living in Savannah, Georgia and don’t use tobacco you can find the following Medigap plan cost factors for the F policy.
Blue Cross – $170
Mutual of Omaha – $179
AARP – $159
Best Medigap plan cost for F is currently $126.
Why pay $30 – $50 more each month for the exact same plan when you could keep that $400 – $600 per year in your own bank rather than giving it to the insurance company?
Who needs the money more? You, or the insurance carrier?
How do you find low cost Medigap plans in Georgia?
I have Medigap rates you won’t see anywhere else.
How much does a good Medigap plan cost in Georgia?
Less than you think.
Bob Vineyard at Georgia Medicare Plans has affordable Medigap plans for people of all ages. We can show you the best rates for Medicare supplement plan F, but we will also take the time to educate you on other options that can save you hundreds of dollars every year. We recently showed a couple in south Georgia a way to cut their Medigap premiums by over $1700 per year.
I can’t guarantee to save you that much but at least 99% of the time I can show you ways to get the best plan for your needs and make it affordable.
So what’s up with the dog?
If you made it this far you are probably wondering what’s up the the dog in the upper right corner?
If you know anything about dogs or watched Lassie or Old Yeller, you know that dogs have a way of communicating with humans. When they don’t understand something, they will cock their head to the side as if to say, “What’s that all about?”.
If you paid too much for your Medigap plan and didn’t buy from Georgia Medicare Plans, you may get a funny look from your dog.