Home
Medicare
Medicare Supplements Medigap
Tips on Shopping for Medigap
Long Term Care
Discusions Experiences Opinion
Useful Links
|
| Security Financial |
| Tips on Buying Medicare Supplements/Medigap |
 |
| Someone email me with the name of that group that sings: "YOU BETTER SHOP AROUND" |
As you shop for a Medigap policy, keep in mind that each company's products are alike, so they are competing on service, dependability and price. Compare benefits and premiums and be satisfied that the insurer is reputable before buying.
Unlike some types of health coverage that limit where and from whom you can receive care, Medigap policies generally pay the same supplemental benefits regardless of your choice of health care provider. If Medicare pays for a service, wherever provided, the standard Medigap policy must also pay its share of benefits.
Although the benefits are identical for all Medigap plans of the same type, the premiums may differ greatly from one company to another and from area to area. Your State Insurance Department must approve the rates charged for all Medigap policies. The insurance company can raise your premiums only when it has approval to raise the premiums for everyone else with the same policy. |
|