Do you know these two important facts about Medigap - Medicare Supplement Plans? PDF Print E-mail
Written by Stephanie Coutavas   
Friday, 15 April 2011 10:12
Two important facts that you may not know about Medigap - Medicare Supplement Plans and how knowing these two facts can save you time and money.
by StephanieCoutavas


Two important facts that you may not know about Medigap - Medicare Supplement Plans and how knowing these two facts can save you time and money.

Of course having the right information is crucial if you are to make the best choices between the many options. I see how important this is everyday in my work as an insurance professional specializing in Senior Insurance and Medicare Supplement Insurance Plans.

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.

Fact 1: There are marketing companies that will sell your information.

If you were wondering where the storm of calls and emails came from, it helps if you know that when you fill out you personal information in a form on line in an effort to find information or enter a contest for a new ipad, that more often than not you are giving your details to a lead generator. Insurance agents use these services to provide them with the contact information for people who are looking for Medigap - Medicare Supplement Plan information. Your information will typically be sold dozens of times to dozens of agents.

You do not need to be a victim of this if you take care to be sure that the website belongs to a licensed, legitimate Broker.

There should be a toll free number for you to call and an email address for you to contact them.

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.

Important Fact #2: The prices for Medicare Supplement Insurance Plans can be different from one insurer to another but the plans have the same benefits.

The Center for Medicare and Medicaid Services(CMS) have approved the benefits in 10 Medicare Supplement Plans. An insurer offering any of these standardized 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 have saved up to 30% and more.

I hope that by knowing these two critical facts you will save some money and time and aggravation.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.