Medicare Supplements in California
August 13th, 2008I’ve spoken with many Medicare beneficiaries who are confused with the annual open enrollment for the Medicare Prescription Drug Plan - PDP - and when they can change or buy a Medicare Supplement.
Unlike Medicare Advantage and PDP plans, there is no set time when a Medicare Supplement can be purchased, changed, or dropped. So if you just receive a hugh rate increase from your company because you hit a new age band, it’s time to go shopping.
For example, I just helped a young lady of 75 living in Encino. She was paying $261 for a Plan F with Anthem Blue Cross. Since all plans are exactly the same, she chose to change her insurance to Mutual of Omaha at a monthly savings of almost $70! That’s over $800 per year. And since she did it within 30 days of her birthday, there were no medical questions and the policy was issued on a guaranteed basis.
It pays to use an insurance agent that represents virtually all carriers in California. You can give us a call at 800-550-0155 or go to our Medicare site at www.californiamedicareplans.com. Most people can save hundered by just spending 10 minutes on the phone.
