The fact is that most if not all Medicare supplements are issued by private insurance companies looking to bring new customers into the who-has-the-best-supplement-program game. They’re like cockroaches. If you see one, there are more. The best medicare supplements to buy will be found with a little common sense and computer research. Doing this will assuage your fears and point you in the right direction.
Medicare supplements aka Medigap insurance are not government affiliated. There are many items in the original Medicare Plans that are not covered ergo, you must seek private coverage on medical care and prescription drugs you require. Although private insurance companies are not federal programs, they must be approved by Medicare in advance. The letter C mentioned above is cost. Even though supplemental policies are standardized by the Feds and required to provide the same insurance benefits as the next guy, the catch is that these companies can charge the consumer whatever they want for the policy.
Now you’ve got it. Look, there is a sweet supplement deal out there somewhere but instead of you looking for the best Medicare supplement to buy and pulling your hair out in the process, why not consider working with an independent agent who knows his or her stuff and allow them to do the walking through the yellow pages. Let them bring all the numbers to the table and you decide what coverage is best. Just make sure you take your time and read all the mouse-print.
Yes, and it’s at the beginning of the Medicare proceedings. It’s called the open enrollment period where you’re eligible to purchase Medicare supplement coverage when you can’t be rated down or up on any questions on the application.