Choosing a Medicare Supplement
Health Insurance Plans can make a huge difference in your life – if chosen wisely! The standardized benefits of Medigap plans mean that you purchase the same coverage every time albeit at different prices.
However, determining which insurance carrier is right for you might be tricky! Keep in mind that you will be paying the carrier a Medicare supplement premium on a monthly basis. Therefore, it is better to do some digging and finding out which ones offer the lowest premium rates.
So, how do you find that out? At Florida Health Agency, we advise our clients to look at the following parameters before taking a decision:
- Rate trend history of the insurance carrier. Go back at least three years and see how big of an annual rate increase the carrier shows. Companies do that so they can keep up with medical inflation. However, unreasonable rate increases can be a red flag.
- Financial ratings are given by companies who research how financially stable each insurance carrier is. Before you make your decision about any insurance carrier, it is better to look at their A.M. Best and Weiss Ratings.
Florida Health Agency offers personalized analyses to each client. Sit down or talk by phone with our experts and let them guide you to the best Medigap insurance carrier in terms of cost, rate trend history, and financial rating and rate trend history. Request your quotes for Optimal Coverage, just click the button below!
Medicare Supplement Plans
Now before you rush off to get the best Insurance Quotes, here are some things you need to know about Medicare Supplement Plans.
- Once you have Medicare Part A and Part B, only then you become eligible for a Medigap policy.
- These are individual policies – one policy per person.
- Drop out of your supplement whenever you want since they don’t have an annual election period.
- No health condition can keep you from renewing your supplements.
- Look for carriers offering household discounts and buy your Medicare supplement plans from such a company.
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