Retirement can be a wonderful and exciting time. Some look forward to relaxing and living a simple life. Others may choose to open the business they have always dreamed of, or maybe travel the world. However, perhaps one of the most challenging and confusing aspects of retirement is enrolling in Medicare and choosing the right Medicare supplement – or Medigap insurance – for you. There are numerous plans to choose from, but one of the key factors to understanding your purchase is how your insurance will rate your Medicare supplement policy.
Community Rated Medicare Supplement Plans

Community Rated Medicare supplemental plans (sometimes referred to as “No-Age-Related pricing) are based on the current policy premium price being charged to all policy holders, and does not take into account your age or your overall health condition. This policy premium price is not designed to increase as you age like issue-age rated Medicare supplemental insurance, however, inflation may have an impact on the cost of your annual premium.
Issue-Age Rated Medigap Plans

Issue-age rated Medigap plans are based your current age at the time of your enrollment. Although this plan may be initially a little more expensive, many choose it because they can effectively ‘lock in’ a policy premium rate. Your policy premium price should stay roughly the same price for the duration that you hold the plan, however, factors such as inflation could potentially impact your annual policy premium price.
Attained-Age Rated Medicare Supplement Plans

Attained-age rated Medicare supplement insurance plans are based on the age at which you enrolled. The policy premium price for this type of Medicare supplement insurance plan will continue to increase with every year that you age. These types of plans tend to be less expensive at the outset when compared to issue-age rated Medicare supplement plans, and may be a good choice for retirees looking for a modest start. Other factors may also impact the rate at which your policy premium price increases, such as inflation.
Choosing the right Medicare supplements for you is an incredibly crucial decision you should discuss with your spouse or loved ones. For more support, reach out to The Benefit Link. With more than 20 years of experience specializing in assisting retirees with making the critical decision of purchasing a Medicare supplement, we are proud to offer our free advice on which Medigap plan is right for you. To speak with one of our Medicare supplement experts today, please call 1 (877) 805-2952.
Medicare Supplement
The Benefit Link
9117 Belshire Dr.
North Richland Hills, Texas 76182
(877) 805-2952