We know this is a popular question because it is asked a lot in one form or another. What is the best Medigap plan? How do I find the best Medicare supplement plan? Who has the best Medicare supplemental insurance plan rates?
As a participating guest agent at the Insurance Library, we recently answered the question “What is the Best Medicare Insurance Supplement?“.
Our response follows.
Only you can decide which Medicare supplement insurance plan is best after considering your needs and budget.
Medicare supplement insurance rates are based on your age, zip code, plan, tobacco use and (in some situations) your height and weight.
All Medicare plans with the same letter are identical in every way . . . except the price.
OK, that was a bit weak, but we only have so much time and space so answers need to be brief.
The best Medicare supplement plan is truly the one that fits your needs and budget, but it goes beyond that.
Will My Doctor Take a Medicare Supplement Plan from (Company XYZ)?
We get this quite often. Some folks believe they will have better coverage, or more doctors will accept their plan if they pay more to get a “name brand” carrier.
The truth is, if your doctor accepts Medicare assignment they don’t care which insurance company issued your Medicare supplement plan.
One plan is not better than another, there really is no such thing as the best Medicare supplemental insurance plan.
Will I get a Better Medigap Policy if I pay more?
No, you won’t.
All Medicare supplement plans with the same letter are identical in every way . . . except price.
Paying a higher premium does not get you a better policy. It simply means you paid too much.
We recently showed a couple from south Georgia how they could save over $1700 per year by swapping their high priced plan from (a name brand) carrier to another company.
Who has that kind of money to throw away?
Is Medicare Supplement Plan F the Best?
Medigap plan F is the “Cadillac” of Medicare supplement plans. Not everyone can afford, nor do they need a Cadillac.
Probably 90% of my Medicare clients find that a Buick or Chevy get’s them where they need to go and they enjoy pocketing the savings.
You really don’t need to spend a fortune to find the best Medicare supplemental insurance plan for your needs and budget.
Get a quick Medigap quote now and compare up to 30 different plans based on your age and zip code. Click here for your INSTANT MEDIGAP QUOTE.