On page 71 of the 2021 Medicare and You Guidebook, provided by the US Government, it tells us that all Medigap (Medicare Supplement Insurance) plans offer the same basic benefits. The benefits must be identical (standardized), as they are strictly enforced by the government.
The price, or commissions a company wishes to embed within the price, is the only difference between a Plan G from Company A or Plan G from Company B. The benefits are all the same. Today, all companies utilize electronic claims payment. They absolutely MUST pay the bill on Medicare-approved claims. While it is important to shop with “A” rated carriers for strength, it is equally important that seniors not fall in love with a brand name with Medicare Supplement insurance. Why? Because a policy with one company does not pay any more benefits than the policy with the lesser known company brand. They all function exactly the same.
Seniors often tell us, “Well, I’m happy with the company I have had for 5+ years because they pay all of the bills.”
Guess what... They have to pay all of the Medicare claims! That is the legal requirement of each and every participating company that offers Medicare Supplement insurance.
You will not find one thing different between the bills that were paid with the more expensive companies than the bills paid by the less expensive companies. You can pay for glitzy television commercials, blimps that fly over stadiums, or salaried insurance agents – all in order to get that brand name, but the cost is reflected in your monthly premiums and the rate increases you experience.
The best possible solution is to have an independent insurance brokerage service provide you with ALL of the available options in your specific zip code. We'll look at each company's AM Best rating. We'll look at their rate increase history and how long they've been offering Medicare Supplement plans.
Our free shopping service typically saves $600 per year for one person or $1,200 per year for a married couple, simply by having us shop the rate on the best value in the marketplace.
What changes? Only the logo on your insurance card. The service will not go down, the bills will still get paid, and yes, YOUR doctor will still accept the insurance, as it is all filed electronically through Medicare.
Medicare Supplement Rate Increase Again?
We shop the market independently FOR YOU
We don’t work for the insurance company
We secure the same benefits at a much better price
We work to find the best priced plan in the market with the Top Rated insurance carriers
Let us work for you. Call 713-382-0615. OUR SERVICE IS FREE