Medigap Insurance Companies
With all the direct mail and phone calls that seniors typically receive, it is difficult to know which Medigap 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, visit Medigap Insurance Companies
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Frequently Asked Questions...
How Much Was AARP Paid To Endorse The Health Bill?
AARP is now endorsing the health care bill. How much do you think they stand to gain for this endorsement?
AARP has come under attack in recent weeks for its considerable earnings from insurance royalties -- more than $650 million from the sale of insurance policies, credit cards and other products.
I also noticed they have a new AARP Health Insurance available mid November.
Answer:
Like the unions that have backed the plan, they will gain two things.1) they like the unions will be waived from actually being required to use the health care plan. Remember these people are on medicare & unions all have private insurance.2) They like the unions are guaranteed backing for the programs they want implemented, like tax breaks and increased SSI. Now let us not forget that Obama just bypassed a law about SSI increase matching inflation. No inflation , no SSI increase. This year he bought the AARP vote by given a $250.increase!
