Medicare Supplement Quotes

Wednesday, August 11, 2010

Why should you get at Medicare supplement quote?

Medicare supplements are standardized by the government, so it does not matter which private insurance company you buy your Medicare supplement from, each letter plan offers the same basic benefits from company to company. Therefore, it's easy to compare premiums from one Medicare supplement insurance plan to another, and decide which will be the best deal. Also, getting Medicare supplement quotes from many different Medicare supplement insurance companies gives you a good idea of the market, so you can determine, on average, what you should be paying for your Medicare supplement.

 We try to maintain relationships with the most competitive Medicare supplement insurance companies in the United States – so we are able to offer our clients a range of quotes and help them determine what will be a good value for their specific situation. 

If you already have a Medicare supplement in place, I recommend that every 2 to 3 years you go to and get quotes from various insurance companies.  This allows you to see where your plan price is in the market of Medicare supplement prices/premiums.

As I stated previously, it is simple to compare premiums for the same plan from company to company – since the basic benefits are the same. However, for some of my clients I have found that it is to their benefit to switch plans, as well as the insurance company they have their Medicare supplement with. If you currently have a Plan F Medicare supplement, I invite you to compare the Plan G Medicare supplement. As a June 1, 2010 the only difference between a Plan F and a Plan G Medicare supplement is that Plan F DOES cover the Medicare Part B deductible, and Plan G does NOT cover the Medicare Part B deductible. In 2011, the Medicare Part B deductible is $162. You have to pay your Medicare Part B deductible one time each year; therefore, if you can save $300 a year in premium by going to a Plan G from a Plan F, the Plan G is obviously the better value, saving you $162 that year ($300 - $162 = $138).

Chris G. Hardin 8/11/2010