If you don’t know these two important facts about Medigap – Medicare Supplement Plans, you may be paying too much.
As an Independent Broker who specializes in Senior Insurance and Medicare Supplement Insurance Plans,I see on a daily basis how important accurate information is . Making a sound decision is wholly dependent on aquiring accurate knowledge about and understanding your options.
Many of our clients have told us that their search for information resulted in an avalanche of calls and emails from dozens of insurance agents leaving them frustrated and even more confused. This can become so overwhelming that they just give up, missing the opportunity to learn about an option that might better their situation and save them money.
Number 1 Fact: Your information is valuable to marketing companies.
Did you know that when you enter your contact information into a form on the internet, whether it’s a request for info or a survey to win a “prize” that you may actually be giving your personal details to a company that does nothing but sell contact information to insurance agents. These lead services sell your details to multiple agents, all looking for people who are looking for info on Medigap – Medicare Supplement Plans. And so begins the deluge!
If you don’t want this to occur you should be careful that you visit a legitimate Broker’s website.
A toll free number that you can call is something to look for. You should also make sure that you can contact tham via email.
Also, if you are required to give all of your personal information in order to receive a quote you may be in the wrong place.
Number 2 Important Fact: While the benefits in Medicare Supplement Insurance Plans are alike regardless of which insurance company offers the plan, the prices can vary greatly.
The Center for Medicare and Medicaid Services(CMS) have approved the benefits in 10 Medicare Supplement Plans. An insurer offering any of these standarized plans must include all of the CMS approved benefits for that particular plan. Therefore in regards to what the plan covers, it matters not who is offering the plan the benefits are the same. However, in terms of cost for the plan, there is a wide range of premiums between the Medicare Supplement Companies.
Armed with this knowledge go ahead a look at prices for your plan with a few companies. People who have done this haved saved up to 30% and more.
I hope that these 2 important facts will help you save some time and keep more of your money in your pocket.