Medicare Supplemental Insurance Companies - The Smaller the Better!
Thousands of people are turning 65 every day, and are forced to make difficult decisions regarding Medicare Supplemental Insurance
. In addition to choosing the best plan for your health benefits, you must also choose the company from which you would like to purchase. One option is to purchase your Medicare Supplement Plan from a well-known company who you may have worked with in the past. The other option is to make an objective decision based upon benefits, price, and customer service. The important thing to remember is this decision can have a direct impact on your health and financial stability for the duration of your life.The benefits for Medicare Supplement Plans are all the same. Every insurance company offers Plans A through N. They cannot change the benefits within the plans, nor can they add additional benefits to the plans. All Medicare Supplement Plans have been standardized by the Center for Medicare Services (CMS), and are highly regulated. The most popular Medicare Supplement Plans are Plan F, Plan G, and Plan N.
Knowing that all Medicare Supplemental Insurance Plans are the exact same, the only real difference is the price each insurance company decides to charge for their plans. Often, well-known insurance companies charge more than less well-known companies. In essence, they are charging a premium to do business with a huge company. This is understandable considering the millions of dollars they spend each year building their brand and paying for marketing costs. The smaller companies, however, often reinvest their profits to ensure they are taking care of their customers and are offering affordable plans.
Low prices for Medicare Supplemental Insurance Plans are important, but customer service should not be overlooked. Big insurance companies offer great customer service, and are quite prompt when paying medical bills. Small companies can offer great service as well, and pay the bills just like the big companies do. The benefits are all regulated by Medicare, which means they pay for the exact same medical services. There is virtually no difference if you have an agent who will take care of all customer service issues for you.
Some companies that offer Medicare Supplemental Insurance Plans offer special programs such as EyeMed, Silver Sneakers, or others. These programs can provide discounts for vision care, or other wellness programs. The Silver Sneakers program is particularly popular, as many seniors get free gym memberships along with this plan. The core benefits are obviously the most important part of the Medicare Supplemental Plan, but discount programs can be considered.
Companies that offer Medicare Supplemental Insurance all offer the same plans. The only real difference is the price they charge for those plans. Smaller companies are often better as they have lower prices. A good broker will be able to compare quotes for every company to help you make sure you purchase the most cost effective option. When shopping for supplemental insurance, do not forget to ask about prescription drug plans as well.
Medicare Supplemental Insurance Companies - The Smaller the Better!
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