subject: Medigap Insurance Companies [print this page] Medigap Insurance Companies
With all the direct mail and phone calls that seniors typically receive, it is difficult to know whichMedigap Insurance Companies are really going to do the best job for them. The truth is, it comes down more to a person's agent than anything else.
First off, The Guide to Health Insurance For People With Medicare specifically states "There can be big differences different companies charge for the exact same coverage." This is true, as by law a Plan F is a Plan F is a Plan F, and it must pay all of the deductibles and copays left by Medicare, whether the plan is offered by AARP or Mutual of Possum Trot, Oregon. The difference, of course, comes in how quickly these claims are paid, and if the company is workable when you try to resolve billing issues. Complaint indices are a good sign of how a company will treat its customers, and big does not always equal better.
In fact, many independent insurance agents are able to offer many different companies, and if you don't mind switching every couple of years, you can still keep your agent, if he or she is doing a good job for you. The link below can get you in touch with an independent agency who has been doing Medicare Supplement insurance for over 20 years now. That means it's a strong agency.
All Medigap Insurance Companies are required to offer the Plan A, which covers the 20% coinsurance, as well as the extended stay hospital costs (those incurred after 60 days). Just recently, many companies began offering Plans M and N, which are priced much lower than the other Medicare supplements.
Plan M covers half of the $1,100 hospital deductible, while N covers all of it. Both plans leave you to pay the outpatient deductible of $155 but pick up the 20% coinsurance, with the exception that N requires you to cover a $20 doctor visit charge and $50 ER visit charge. These plans may prove to be a good option for folks coming off of Medicare Advantage Plans, many of which are scheduled to end in the next couple years.
For more information, visitMedigap Insurance Companies
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