Save on your Medicare Supplement
August 3rd, 2008Are all Medicare Supplements the same? Since 1992 carriers in California and most other states can only offer standardized plans. This means that the coverage is identical between carriers. Does one company offer better claim service than another? Not in my experience. They all receive claims electronically via the Medicare system.
So what is the difference between companies? If you take a look at the 2008 Choosing a Medigap Policy: A Guide to Health Insurance for People wiht Medicare developed by CMS (Medicare), page 7 specifically states:
Each type of Medigap [Medicare Supplement] policy offers the same basic benefits,
no matter which insurance company sells it. Usually the only difference between
Medigap policies sold by different insurance companies is the cost.
Here’s the link to the entire guide: http://www.medicare.gov/Publications/Pubs/pdf/02110.pdf
Now, how to save money. Shop, shop, SHOP!
Did you just “defaut” to the plan endorsed by AARP? Did you simply enroll in the plan your agent recommeded, likely to be Blue Cross.
In Los Angeles County, a 70 yr. old non-smoking woman who has Plan F can pay $209 from Blue Cross, $199 from Blue Shield, or as low as $154 using an “A” rated carrier. Unless you think that the “Blues” need the money, you are spending way too much.
We represent carriers from A-Z; from Anthem Blue Cross to Mutual of Omaha to United Healthcare (via AARP). We can help you save money on the exact same coverage you have now.
Visit our sister website at www.californiamedicareplans.com or call us at 800-550-0155.
