Senior Health Insurance Article

Medicare Supplement Quotes

The landscape of Medicare supplemental plans can seem quite confusing at first glance, but if you know a few basic facts up front, you’ll be better prepared to make sense of your Medicare supplement quotes when you get them.

Basic Medigap Facts

Fact 1:  Medicare supplemental plans are private health insurance plans, often referred to as “Medigap” plans that are designed to fill in the gaps left by Medicare. Medigap policies can help pay your share (including coinsurance, copayments, or deductibles) of the costs of Medicare-covered services. Some Medigap policies also cover certain benefits that original Medicare doesn’t cover. Click here for more information on Medigap Policies.

Fact 2:  There are currently 12 different Medigap plans offered and each plan is named for the letters of the alphabet from A through L.  HOWEVER, as of June 1, 2010, plans named E, H, I and J will no longer be sold (but if you already have one of those plans, you can keep it).  Also after June 1, two new plans named M and N will be offered for sale. For a brief summary of the Medigap plans, see our available plans page.

Fact 3:  These lettered plans are standardized by the Federal government, meaning that, regardless of which insurance company sells them, all the A plans are the same, all the B plans are the same, and so on through the alphabet.

Fact 4:  Just because the C plan offered by one company is exactly the same as the C plan offered by another, does not mean that the price of all the C plans are the same.  So when you’re shopping for a plan, be aware of what you’re getting versus the price you’re paying.  But before you blindly choose the lowest-cost plan, make sure you look at the company’s customer reviews before you choose.  A Medigap plan is not a bargain if you can’t get the services you need when you need them.

Now that you know some basic facts, you’re ready to get a Medicare supplement quote. 

How Do I Get a Medicare Supplement Quote?

 
Simply visit our Senior Medicare Supplemental Insurance quote engine and enter your zip code in the box at the top.  There are fields for your contact information as well, but these are optional.  Filling them in will be helpful if you’d like personalized help from an agent, but you can get a set of Medicare supplement quotes with your zip code alone.

Once you get your quotes and are ready to make a decision, be sure to factor in what’s important to you.  Are prescription drugs more important than emergency care?  What about help with paying your Medicare coinsurance?  Are you facing the need for hospice or other long-term care?  Make sure the policy you pick offers the coverage that’s most relevant to your needs.  Conversely, you might choose to save money by selecting a policy that does not cover those things that you don’t anticipate needing in the future.

And if you need assistance, contact a licensed Medicoverage agent.  We’re here to help.



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