Medicare Part D – Choosing the Right Plan for You

Georgia Medicare Part D Plans vary greatly. When you select the best Georgia Medicare Part D Plans should you include Medicare prescription drug plan benefits? Finding the best GA prescription drug plan is not as simple as you may think. Do you contact Medicare? Or will a health insurance company or Georgia agent give the best advice? (Updated 11/6/2017)

Medicare Part D - Choosing the Right Plan For You

With all the options for prescription drug plans in GA, becoming confused about uncovering the best plan for you is common. Do you choose the plan endorsed by a large senior advocate association? Or do you buy a plan advertised on TV commercials

Where will you turn?

Medicare Part D – Choosing the RIGHT Plan

Mary Searches for an Affordable Drug Plan

Turning 65, Mary signed up for Medicare A and Part B. Then she bought a popular Medicare supplement plan G from an agent in Georgia. The agent was highly recommended by a neighbor who was also a dear friend. Bob took the time to discuss all options and help her choose the best plan for her needs and budget.

Saving money and living on a budget is important to Mary. She asks Bob “how do I find the best Part D, prescription drug plan?”

His answer totally caught her off guard. Bob tells Mary she should not talk to an insurance agent, or call a carrier and speak with them. Why not talk to an agent? Don’t they know about all the plans? Most agents will only tell you about plans that pay them a commission.

In 2017 there are 24 Part D plans but most agents will only show you 3 or 4. Those are the plans that pay them a commission (about $1.50 per month). What about the other 20 or so plans?

Those agents will never bring them up.

Bob Vineyard at Georgia Medicare Plans does things differently. He will take your drug information and run reports on Medicare.gov. You can do this yourself but why not allow someone that does this every day handle it for you? We run over 600 reports like this every year, but only for our Medigap clients. We review the report with you and show you the best combination of carrier and pharmacy that produces the lowest overall cost. Then we tell you how to enroll direct with the carrier.

How easy is that?

Prescription Drug Plans and Supplemental Medicare Insurance

Georgia Medicare Plans specializes in Medicare supplement plans. With over 400 clients all over the state we don’t have a single one that has a Medicare Advantage plan. We find most folks that bought their Medigap plan from anotther agent, direct from a carrier, or from an association for retired people have the wrong plan and are paying too much. We do things differently.

If you like our approach give us a call. We will be glad to send you a report showing ALL the Medigap plans and rates in your area.

 #MedicareDrugPlans #MedicarePartD #MedicareSupplementRates #Turning65

My Medicare Rates Are High!

My Medicare rates are high! Do Medigap rates increase as I get older? Can I change my plan during Open Enrollment? Where can I find Medicare supplement rate increase history?

The plan was competitive when I bought it but now it is almost double. I don’t know how much longer I can afford it.

Why are my Medicare rates so high?

There is a good explanation for high Medigap renewal rates. You probably don’t want to hear it, and you probably don’t care why.

But you would like some relief.

Help is on the way. As long as you are healthy . . .

Why are my Medicare Rates so High?

Where Can I Find Medicare Rate History?

What you want is not easy to find. Even when you do find it you will discover the rate information is useless.

Most likely, your Medicare rates are high because your carrier left the market. It is rare for a Medigap carrier to stay in the same market for more than 3 or 4 years.

Once they leave a new carrier comes in to replace them. The new carrier has lower rates. The departing carrier is now free to raise renewal rates with impunity.

Since 2010 Omaha has introduced 4 Medigap carriers to Georgia and retired three of them. Each time a carrier is shelved the rates start to climb.

In that same time frame Aetna has also had at least 4 subsidiaries leave the market. They introduced a 5th new carrier earlier in 2019.

If your Medicare rates are high it is most likely because the issuing carrier is no longer writing new business in your state.

Maybe You Picked the Wrong Plan

Medicare supplement plan F has been heavily marketed as the “go to” plan for many years. Carriers and agents love the high premiums because it means more money for them.

If your Medicare rates are high you should have bought the G plan. But it is not too late to switch.

Unless you are unhealthy.

Then you are screwed.

Renewal Rates Higher Than Current Rates

When you get your renewal and start to look around you might discover that your Medicare rates are higher than new business rates from the same carrier.

I see that quite often but especially for carriers with closed blocks of business.

OLD business is charged a higher rate which subsidizes lower rates for new policyholders.

I call this the cable TV syndrome.

Last year you signed on as a new customer. You got 150 channels for $39 per month.

This month you get your renewal bill and now you are expected to pay $109 for those same channels.

But your cable company is still offering 150 channels for $39.

What gives???

So you call your cable company to complain. You are told the $39 rate is only for NEW CUSTOMERS.

Medicare insurance carries pull the same tricks.

How Do I Find Affordable Medigap Rates?

Great question.

There are no easy answers. Here are a few tips.

  • Look for carriers that have been active in GA for 5 or more years
  • Don’t buy from someone that has been here less than 2 years
  • Don’t chase the low rate
  • Ask friends and relatives for an AGENT referral

Bob Vineyard is a GA Medicare expert with more than 45 years experience. Bob is also on Medicare.

Are your Medicare rates high?

Here is my offer. Give me 10 minutes on the phone. Call and ask ANY Medicare questions. If you don’t like my answer we part as friends. After all, it isn’t personal, just business.

But if you do like what you hear we move forward on your timetable. Allow me an opportunity to EARN your business.

I call this an “offer you can’t refuse”.

Full Medicare supplement rate reports for any plan. Just ask.

How easy is that?