Medicare Supplement Insurance
In Medicare
Tagged , , ,

Medicare Open Season is October 15 through December 07!

Open season can be a bit confusing for many seniors as many on regular Medicare with Medigap insurance coverage believe it pertains to them as well. In fact, Medicare Open Season is only relevant to those seniors with a Medicare Advantage plan or new to Medicare. Seniors with existing original Medicare can change their Medigap / Medicare Supplement plan at any time, as long as they meet the health requirements. In this article we attempt to answer the question; What Is the Best Medicare Plan?Read More →

Medicare Supplement Insurance
In Medicare
Tagged , , , , , , , , , , , , , , ,

“I like my Medicare supplement insurance plan and I want to keep it.”

It has to be the most common response we hear from seniors when first talk about lowering the cost of their Medicare Supplement Insurance. Our response? If you like your plan, keep your plan. Just don’t pay an insurance company more than you have to. Studies show that ore than eight out of ten seniors are overpaying for Medicare Supplement Insurance.

You see, all Medicare Supplement insurance (aka Medigap plans) are strictly regulated. No matter which company sponsors the plan, it must be identical to other insurance company Medicare Supplement insurance plans of the same type. You can keep your plan and change the insurance company sponsoring your plan and save a lot of money.Read More →

In Medicare
Tagged , , , , , , , , , , ,

The maximum out of pocket annual expenditure is the key to the value of the Medicare supplement plan F high deductible. The annual or monthly insurance premium must be paid regardless of your health condition or services you need. If you have a high insurance premium, you are guaranteed to pay a high amount each year just to keep your policy. With a low insurance premium and high deductible, your Medicare costs will remain low and are typically capped near or below what would be your annual premium with a regular medicare Supplement Plan F. In other words, in the good years your costs are low, in the bad years your costs are only about as high as they would have been with a normal Medicare Supplement Plan F. Consider that the average annual medical claim is only about $500 and seniors seldom spend more than $2,000 per year, with most years you will save well over $1,000 per year compared to a standard Plan F. With a Medicare Supplement Plan F High Deductible, your guaranteed annual out-of-pcket maximum is close to or less than your regular Plan F premiums for seniors in Florida.Read More →

In Health Insurance, Medicare
Tagged , , , , , , , , , , , ,

…Enter Medicare Supplement Plan N, one of the most popular Medicare Supplement plans in the country because it covers all the most significant potential medical expenses, but at a cost much lower than a Plan F. In fact, the premiums for Medicare Supplement Plan N are often 30% to 35% less than Plan F. Medicare Supplement Plan N is one of the most popular Medicare Supplement plans in the states of Florida and Pennsylvania, as well as many other states across the country because of the cost to benefit features that make it one of the best values in Medicare Supplement plans. In addition, as we detail below, there are features of Plan F and Plan G that are simply not necessary because of State laws limiting Medicare charges. In that case, seniors with a Plan F or Plan G are paying for insurance coverage they don’t need and will never use.Read More →