When Should I Switch Medigap Policies?

Tell me more about Rate Watchers.

First, let’s look at why MedicareMall established the program.

You may know that all Medicare supplement insurance plans are standardized by the federal government. This means that every provider has to provide the same benefits for the same letter plan (Medigap Plan A, Medigap Plan B, etc.). But did you know insurance companies offering the same plan remain free to set their own premium prices?

This means it’s important to shop around before choosing a provider and plan. MedicareMall has served its clients for over 20 years by shopping the market for the best plans and values in the country. As a result, we’ve saved our clients a great deal of money over the years—but we’ve found we need to go even further to protect our valued customers.

Medigap rates can fluctuate in ways many beneficiaries aren’t aware of. Just as rates vary from plan to plan and from company to company, they can vary from year to year. This means that your 2012 Medigap rates aren’t necessarily what you can expect to be paying next year for the same plan and the same coverage.

Health plan rates don’t fluctuate only from year to year. Some companies charge different Medigap rates to residents of different areas in the same state.

To most seniors, a “fluctuation” in Medigap rates means an increase and not a decrease. This, of course—especially when totally unexpected—can put great strain on a budget. And that’s why we established Rate Watchers. We want to keep you fully informed so that you’ll know whether it’s time to consider changing health plans.

Remember, you’re not locked into your current health plan for life. If your current plan’s rate increases, MedicareMall can quickly help you enroll in a plan offering the same benefits at a lower rate.

Perhaps you’d like an annual Medigap review in order to determine whether your current plan is the one you need now. Maybe you’re interested in looking more closely at Medicare prescription drug plans. MedicareMall will be glad to examine your individual case and help determine whether your current plan is the right one or whether it may be time for a change.

Contact us now and we’ll lead you through every Medicare supplement and Medicare Advantage option before helping you enroll in the plan that’s right for you.

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