Author Archives: Lisette M.

Which Company Has the Lowest Medicare Supplement Insurance Rates?

When purchasing insurance there are many variables and factors that one needs to take into consideration.  What does the plan cover?  Are their deductibles and co-pays?  And often the most important question….  How much will it cost?  Finding the lowest Medicare supplement insurance rates is not as easy as it might seem, however there is a process you can take to ensure that you will pay the lowest rates.

Choosing a Medigap Policy 2013As you may have read in Medicare’s publication “Choosing a Medigap policy” Medicare supplements are rated in three different ways.  These are community rated, attained age rated, and the Issue-age rated.  While it is difficult to state which of the three always have the lowest rates, attained age rated policies typically to come in at the lowest premiums.

That being said not only should you check the premiums from all of the top companies when you are first enrolling in a Medicare supplement plan, but you or your agent must check rates each year.  This is due to the fact that you will be likely getting annual rate increases and other carriers might have more competitive rates as the years go on.

Medigap Insurance carriers use a set formula to determine what the rate increases will be each year.  These increases are based on the amount of premiums coming in as well as the amount of claims being paid out of the group.  Your own premiums will never be increased based on your personal health claims, nor can your policy ever be taken away from you based on those claims.  The only way you can lose your policy and it will not be renewed is if you do not pay your premiums on time.

The best way to find the lowest Medicare supplement insurance rates is to use our free quote engine on this website.  Because not all carriers allow us to post the rates it is also a good idea that you speak with one of our agents who can show you every option available to you for the plan that you desire.

This is absolutely the best way to shop for Medicare supplements due to the fact that every company has the exact same coverage.  Their premiums however, are not the same in fact may vary greatly.  Add to that the fact that they all have rate increases each year and it makes finding the lowest rates a bit more complex.

Because a cost nothing to have an experienced, independent, agent to help you in your search it is An Agent can help you find the lowest Medicare Supplement insurance ratesadvisable that you take advantage of this.  Make sure they cover all of the options available and show you the rates from each company for the plan letter that you are interested in.  As well you should inquire about past rate increases and the financial rating of the company.  Then you may ask your agent what they will do to ensure that you stay with the lowest premiums available as the years go on.

Using the steps above you can ensure that you will always remain in the lowest Medicare supplement insurance rates that you qualify for.  To get instant quotes on plans in your area simply enter your zip code below.

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Will Medicare Supplement Rates Change For 2014?

Contrary to popular belief most Medicare supplement rates in 2014 will not change just because a new year has started. Depending on how your current policy is rated you will likely receive a rate increase on the anniversary of which you signed up, or perhaps on your birthday if it is an attained age policy.
That being said you should be aware of the fact that you may change your Medicare Supplement plan at anytime throughout the year. Therefore if you do in fact get a rate increase, regardless of what time of year it occurs you may apply for a plan with another company.

Because many people are analyzing their finances at the end of the year, this might be a good time to also re-evaluate the Medigap plan you are on. For instance, if you are currently on a Medigap Plan F you are likely paying too much for your coverage compared to Plan G. The only difference between the two plans is who pays the annual Part B deductible. This deductible averages around $150 each year, and while a Plan F pays this for you in all reality you are simply paying much higher premiums for them to write a check for you with your money.

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Plan G pays 100 percent of the gaps in Medicare just like Plan F, however you are required to pay the Part B deductible each year yourself before Medicare or the plan begin paying. By doing this you can likely save quite a bit of money overall on your premiums.


Different Ratings of Plans

There are any different plans out there and they offer some of the same basic coverage. But if you look at them a little bit more closely than you will see that they are not all the same. They may have the same benefits, but the one thing that does change is the premium.

There are three rate different ways Medigap plans are rated.The first one is known as the community rated plan. The same rate is offered to all of those within the same area, regardless of age or illness. Now this one might sound intriguing, however these types of plans often carry a much higher premium. Just because the same low monthly rate is being offered to everyone doesn’t mean that it is right for everyone.

The next rate you will probably see is known as the issue-age rating. The issue-age rating is based upon the age at which you buy into the policy. This rate will not change because you get older, so it’s advise that you buy into it a young age. Premiums will go up every year based on inflation. This is good for those who are relatively healthy. If something happens to them down the road the policy rate will not change at all.

The final one is the attained-age policy. These policies are set based on your age. For each year you are enrolled, the premium will go up. These premiums typically start at the lowest amount in most areas, and rate increases are determined each year by age as well as economic factors.

Regardless of which rating your plan has, it’s best to use an independent, experienced agent to check the rates from all the top carriers each year for you. To get instant, online Medicare Supplement Rates for 2014 from top carriers in your area simply enter your zip code below.

Are Supplemental Medicare Plans Worth the Cost?

Self-preservation is the first goal of life, right? It’s all about staying healthy, being happy, and living longer. What exactly does this mean in relation to a life time of medical costs? It’s beginning to look like the longer we live, the more healthcare expenses we are likely to incur. Supplemental Medicare plans are designed to help pay deductibles and coinsurance for those on Medicare. But are they really worth it? Let’s find out.
What is Expected from Medicare?
First and foremost, we should all know that Medicare doesn’t cover all medical services, and it definitely doesn’t pay 100% of many services in which it does cover. Part A is specifically for home healthcare, hospital, hospice and skilled nursing-care. However, it is required that you meet the $1100 deductible per ailment prior to the initiation of your Part A coverage.

Afterwards, your Part A coverage pays for hospitalization fees acquired during the first 60 days, however, it only covers a portion of the daily expenses beginning immediately (61st day) after the 60 days.

Medicare Part B

Part B covers doctor services as well as services which Part A does not cover. After meeting the annual deductible of $147 (2013), Part B pays 80% of the pre-approved amount by Medicare. You’re only liable for the 20% as well as the amount doctors may charge if the pre-approved amount is exceeded.

Medicare Supplemental Insurance

Supplemental Medicare plans also called Medigap, which offers an additional 10 plans to choose from which cover gaps presented in Medicare. This is important because through the use of Medigap you can protect yourself from large out-of-pocket expenses should a major medical issue arise. Many people wonder if the monthly premiums for these plans are worth the coverage that the offer, or if they will ever even need this coverage. While there is always a large risk in going without any supplemental coverage and only Part A and Part B Medicare, that doesn’t mean you need to over insure yourself.

The Various Plans

Nine out of ten of the plans pay for the $1100 deductible of Part A and may also cover the $155 deductible with Part B. All supplement plans pay your co-insurance amount associated with hospital expenses after the first 60 days, and it also pays for the total Medicare reimbursement portion for an extra 365 days per lifespan.

Medicare Supplement Plan F

Plan F is very popular due to its outstanding coverage. This plan pays 100 percent of the Medicare gaps leaving you with your monthly premium as the only out-of-pocket cost.

Medicare Supplement Plan G

Plan G is very similar to plan F in that it pays 100 percent coverage of the gaps, however you must first pay the annual Part B deductible yourself out-of-pocket each year. Once this is met the plan will pick up the rest. Many people opt for this plan instead of Plan F because the monthly premiums are lower and you actually save money by paying that deductible yourself.

By not having one of the supplemental Medicare plans many Medicare recipients might discover sooner than later how quickly expenses can pile up and threaten you with outrageous healthcare bills. Choosing the right plan can help create the peace of mind in knowing that your medical expenses will be taken care of.

Which Medigap Policies Are Best?

Seniors today have to face many obstacles when it comes to planning their budget and maintaining the cost of healthcare. Today we live in a changing economy that constantly reminds us of why it is so important to have health insurance. Seniors 65 years of age and older have been guaranteed access to a public health insurance plan named Medicare since 1965. Medigap policies help seniors pay deductibles and coinsurance that they would normally have to pay out-of-pocket.

Medicare coverage can vary from state to state and can cover up to 80% of health care for these citizens. This program however, does have areas of gaps when it comes to coverage for many. Many healthcare concerns may be left untreated with Medicare. Luckily for many, there is hope. Medicare supplement insurance, also referred to as “Medigap” offers bridges to the gaps not covered by Medicare.

What does it cover?
The supplemental insurance is only offered to seniors who qualify for medicare. Prices of the additional insurance vary depending on different providers and plans. Coverage with Medigap policies may include extended stays in the hospital, dentures, co-pays, and even medical healthcare expenses when outside of the united states. Without the  coverage, seniors may have 20% or more out of pocket expenses when covered solely from Medicare. With extended stays in the hospital and possibly needing private nursing, that 20% can quickly become overwhelming. We offer free quotes on our site for shopping around and getting the best rates.

So how do you know if you or your loved one needs Medigap?

If you are a senior and you still work and can receive insurance from your employer, if you have a Medicaid Advantage Plan, or if you can afford your expenses you probably don’t need the supplemental insurance. For those that are not covered by an employer’s group medical plan or have their own insurance, then you may want to strongly consider taking advantage of the additional coverage.
When it comes to searching for the best coverage, remember every company has to offer the same plans. There are several Medigap policies and plans to choose from. Each plan is represented by a different letter from the alphabet and offers benefits accordingly. Every company has to offer Plan A and if they have additional plans then plans C and plan F must be provided as a choice.

Available Plans
Plans F, G, C, and N can cover all of Plan A’s deductibles and skilled nursing facilities not covered by regular Medicare. 80% of the coverage that Medicare would normally provide can be covered when outside of the United States with plans C,D,F, and G. Plan N can require a $20 copay for office visits and $50 for visits to the emergency room.
To plan for the best insurance provider for you Medigap policies use our site to compare plans and compare rates. Here you can get free quotes so that you can get the best prices from companies. We often don’t plan ahead for unexpected healthcare expenses, however they can be very costly. What better way to plan for your healthcare and help stretch your budget than to use supplemental insurance.

Why You Should Perform a Medigap Plan F Cost Comparison

Why It’s Important To do a Medigap Plan F Cost Comparison

With all the changes taking place in our Healthcare System today there are more than enough things to be concerned about when it comes to your Medical Insurance.  As well the economy isn’t helping matters much and every dollar counts in most households around the country.  Therefore you should do a Medigap plan F cost comparison prior to signing up with any one company.

Medigap policies all vary in price depending on the carrier.  There are so huge differences in premiums because companies are allowed to set their own rates.  The benefits however are identical from one plan letter to another regardless of company.  Working with an independent agent who represents several different carriers is your best choice when obtaining a Medigap policy.  As well, this website provides free, NO-Obligation quotes from multiple companies to allow you to choose wisely.

How Costs are Determined

There are three different ways that Medigap policies are rated or priced.  Different carriers use different ways of rating their policies, however their coverage is the same.  The rating of policy simply is the method that is used to determine what the premiums will be when someone first obtains their policy, as well as in regards to all future rate increases each year.

Community rated

Community rated plans are priced the same for everyone entering the plan regardless of age at the time may obtain the policy.  These may or may not be the best option for you depending on on the area you live in a and the companies that offer them.  These premiums typically go up based on inflation and other factors.

Issue-age rated policies

For people obtaining one of these policies, the premium will we’ll be determined based on the age that you are when you first get the policy.  Therefore, premiums are lower for people who are younger and they will not raise based on your age each year.  The premiums will go up based on inflation and other factors below.

Attained age rated policies

The premiums for these policies are sent based on the age that you actually attained the coverage.  These premiums typically start out as the lowest amongst the various carriers but they do go up each year based on your age as well as inflation and other factors.  This does not mean these are a bad choice, in fact as long as you check your rates each year these types policies can possibly save you the most money overall.

As mentioned working with an independent and experienced agent can make the process a performing a Medigap plan F cost comparison extremely easy.  These agents can shop the market very quickly when you first obtain your policy as well as year to year to make sure you’re always paying the lowest premium that you qualify for.  To get instant quotes on Medigap plan F simply enter your zip code below.



2015 Medigap Plans

Medigap Plans in 2015

Now that 2015 is here and many changes are happening in the Healthcare System in this country, one question that is being asked quite often is whether the 2015 Medigap Plans will change.  Not only will they not change, but the last major changes in any Medicare Supplements took place in 2010.  During this time period, Medicare eliminated plans E, H, I, and J and brought into new plans which were plans N and M.

Many people also think that their premiums will change due to a new calendar year. This also is not the case as different companies have various a rate increases at different times throughout the year.  There are however, many people who might want to change plans during the open enrollment period of 2014.  This time period lasts for October 15 through December 7, 2014.  It common misconception is that people must wait until this time to change their supplement plan.  Medicare supplement policies may be changed any time throughout the year, not just that during the open enrollment period.

Available Plans

As within the past two years, Medicare supplement plan F and plan G will likely remain the two most popular plans for 2015.  Plan F of course offers 100% coverage of the gaps in Medicare, and plan G is nearly identical with you having to simply pay the part B deductible yourself first out-of-pocket.

Medigap plan G is seeing a large rise in popularity due to the fact that it has lower premiums than plan F with only one small out-of-pocket deductible.  By paying this Part B deductible yourself you can save money, especially if you are close to the age of 70 and above.  Another fact about plan G that many people do not realize is that the rate increases each year are less than those of plan F.  This is primarily due to the fact that anyone on a plan F can receive what is called first-dollar coverage with their policy.  This means they can go to the emergency room for any little thing and not have to pay any co-payments or deductibles before their coverage kicks in.

On a plan G, or even a plan N, the policy holder must first pay the part B deductible prior to receiving any benefit from Medicare. This typically results in a more responsible group who knows that it will only use their coverage if they need to. In turn this results in lower claims being paid out, as well as lower rate increases each year.

Enrollment in to Medigap Plans in 2015

For those wishing to return to original Medicare coming from a Medicare advantage plan, they must wait until October 15th to do so.  At this time they may also submit an application for a Medicare supplement plan of their choice in which coverage will begin January 1st.  Beneficiaries will have the option of enrolling in any Medigap plan that they choose, however approval is subject to medical underwriting by the company, unless they are in a guaranteed issue period.

Changing Plans

As mentioned above anyone wishing to change Medigap plans in 2015 could have done so at anytime throughout the year and did not have to wait until the enrollment period.  This is because Medicare supplement plans are a month to month policy and do not rely on a calendar year. To view quotes instantly online simply enter your zip code below and see if there are better options available for you starting today!


What is Medigap Plan F?

Since the inception of Medicare, Medigap plans at help seniors save a great deal of money on their medical bills covering the gaps in Medicare part a and part B.  While there have been many changes in Medigap plans over the years, one plan has remained one of the most popular and a favorite amongst beneficiaries.  Medigap plan F is the most comprehensive plan offered by Medicare.  This plan covers 100% of any co-pays, deductibles, and it pays also 100% of the coinsurance that Medicare part A and B do not cover.

It is by far the most popular plan and several different insurance carriers offer this coverage.  This does not mean you should not look at other plans as there are a few others that have outstanding benefits with lower premiums than plan F.  However with these lower premiums comes cost-sharing options, meaning that you must pay either co-pays or deductibles to get these lower premiums with these plans.

Let’s take a quick look at what exactly Medigap plan F does come over, and then we will compare some other options to help you choose which coverage is best for you.

Medigap plan F

This plan pays the part a deductible the part B deductible, as well as coinsurance for both part a and part B.  The easiest way to consider what plan F actually is, would be to simply look at it as 100% coverage.  This means you can visit any Dr. or specialist in the United States provided they simply accepts Medicare and you will never receive a medical bill for all Medicare-approved expenses.

So while this is the best coverage, it also has the highest monthly premium.  A very important consideration when shopping for Medigap plan F is that while most insurance carriers offer this plan, they all have the same benefits.  This is because the plan is standardized by the governments, meaning that each carrier must offer the same benefits within each plan letter.  Therefore, a Medigap plan F from AARP, is identical to a plan F from AFLAC.  Their premiums however, can vary dramatically.  This is why it it is extremely important to shop all of the rates from the top carriers in your area using this website.

Are There Other Options?

Some other plans to consider might be a plan G or a plan N.  These plans are similar to F in the fact that they cover the 20%, however prior to Medicare paying anything you must pay the annual part B deductible yourself.  With plan G after this deductible is met the plan pays everything 100% with no other out-of-pocket expenses.  On plan N there are additional cost-sharing expenses that you must pay such as copays and part B excess charges if applicable.

Many people do not wish to pay any other additional expenses and simply want all of their medical bills paid in full.  Because a Medigap plan F pays all deductibles and coinsurance this would be the best option.

To get instant quotes for Medigap plan F in your area simply enter your zip code below.

What Are The Best Medicare Supplemental Plans?

When it comes to figuring out what are the Best Medicare Supplemental plans it’s not hard to get confused as the options of plans as well as companies who sell them are many. Many people struggle to read through all the Medicare material only to find themselves discouraged and confused. Before making any decision about a plan you first have to ask yourself some very important questions.

These questions, also depend on your current situation. For instance, if you are just turning age 65 and are taking Part B Medicare, then you can you can choose from any plan available from any carrier and not be turned down for coverage. This is because there is no medical underwriting when it comes to people in what is called the “Open Enrollment Period”. This period last 6 months from the effective date of Part B Medicare. This is the best time to sign up for a supplement plan, as you may choose any plan you want.

Therefore in this situation, ask yourself:

  • Do I want all my medical bills paid for 100%? With no co-payments, no coinsurance, and no deductibles to pay out-of-pocket?
  • Would I rather save money on my monthly premium because I am healthy, and enroll in a plan with less benefits but has a lower rate?
  • Do I need prescription drug coverage?
  • What about Dental, hearing and vision coverage?

Many people will likely tell you that Medigap Plan F is one of the best plans you can get because it pays all the out-of-pocket expenses of Medicare Part A and Part B. This is certainly true, but is the best for you?

Just because a plan has the most comprehensive coverage doesn’t mean you should enroll.

Use this chart to help find the best Medicare Supplement plans

Depending on your age Plan F could be as much as $40 more in monthly premium over a Medigap Plan G, yet the benefits of Plan G are nearly as good. This could result in significant savings for you, but you must do your research prior to see.

Remember, the best Medicare Supplemental plans are the ones that fit your budget, yet provide all the coverage you need. And because your budget is different than everyone else’s you must research all of your options. Have an experienced agent such as ourselves can easily help in the process, and there’s never a cost for our services. Learn about and compare plans, choose which is best for you, and save money!

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When Can you Enroll in a Medicare Plan F?

By now if you’ve been reading about the various supplement plans and the ten letters that a few of the plans likely keep coming up in various articles. Or perhaps you have friends who have given you advice on which plan to enroll in or which one they like. Regardless of where you learned of it, it’s highly likely that the letters F, G, N and possibly C have entered the discussion.

By far at the moment the most popular plan is Medicare Plan F as it covers 100 percent of the deductibles and coinsurance of Medicare Part A and Part B. And who doesn’t love 100 percent coverage? These policies are well known and available through several insurance carriers on the market, and they all carry the same plan F. This means the benefits are identical regardless of the company that offers the plan. The premiums however are all extremely different therefore it’s important to allow us to shop the rates from all the companies to determine who has the best savings.

Who is Eligible

To enroll in any of the Medigap plans you must be eligible and have obtained, or are obtaining, Medicare Part A (Hospital) and Medicare Part B (Doctor’s services). For most people this occurs when they turn age 65, although many people hold off on enrolling in Part B if they are still working and on their employer’s health plan. This allows them to save on the monthly premium for Part B as well, a very smart move which you need to consider when working past age 65 and on company insurance.

Anyone under the age of 65 who has been on Social Security disability for 24 months also qualified for Part A and B, and therefore qualifies to enroll in a Medigap plan. State laws differ when it comes to all Medicare supplement plans and with under-65 beneficiaries this is no different. Please check with us to see what you qualify for as all plans might not be offered in your state in these cases.

What the Plan Covers

As mentioned above Medicare Plan F covers all deductibles, co-payments, and coinsurance or the “gaps” in Medicare. Those deductibles include:

  • Part A Deductible – $1184 in 2013 for each benefit period; A benefit period is 60 days, meaning if you enter the hospital and leave for 60 days or more, then get re-admitted you will be required to meet this deductible again
  • Part B Deductible – $147 in 2013; Prior to Medicare Part B paying anything someone has to pay this deductible. A Plan F pays this for you (You pay higher premiums for them to pay the deductible is what it really amounts to)

There are several other benefits Plan F covers but the big one is the 20 percent of medical bills that Medicare does not pay. The easiest way to remember what the plan covers is provided you visit doctor’s that accept Medicare you should never receive a bill for any Medicare-approved expense.


When You Can Enroll

You may enroll in a Plan F or any other Medigap plan at anytime throughout the year provided you have both Part A and Part B Medicare. Unfortunately in some cases it’s not as easy as that however, so we’ll explain each scenario in more detail so you can see which one applies to you.

Just Enrolling in Part B Medicare?

If you just enrolled in Part B Medicare you have 6 months to enroll in a Medigap plan from the effective date of Part B, without having to go through Medical underwriting. Can you not get a supplement if you miss the 6 month time frame? You absolutely still can, however during that six months you are guaranteed coverage regardless of pre-exisiting conditions. Therefore most people take advantage of this period and start their Medigap plan the same day as their Part B coverage.

Just Have Medicare Part A and Part B, But No Other Coverage in the Last 63 Days?

No problem, come aboard! Regardless of the time of year it is you can still get a Medigap plan. You will however have to go through Medical underwriting and get approved. Don’t worry, even with a prior medical history or pre-existing conditions we almost always have an option for everyone! Call us as we’re here to help!

Retiring or Coming off Employer Insurance and Already Have Part B Medicare?

If you are coming off employer health insurance and you have had Part B Medicare for more than 6 months, in many cases you can be guaranteed coverage into a Medigap plan with no medical underwriting. The rules vary by state and in most cases your employer will have to be primary, please check with us for eligibility.

You will have 63 days from the time your employer’s coverage ends to enroll in a policy with no underwriting and pre-existing conditions waived. The same time period applies to enrolling in a Part D drug plan.

Get Help in Choosing

At we strive to provide you with all the knowledge you need to make an educated decision when it comes to choosing a plan. Whether it’s a Medicare Plan F or a Plan G to help cover the gaps in Medicare, we’ll help you find the best company with the lowest premiums, year-after-year!  To check rates simply enter your zip code below.