Recent studies shoe that Medicare Supplement, or Medigap, policies continue to grow in popularity. With over 10.5 million people enrolled in Medigap as of 12-31-2013, that represents a 3.8% growth over the previous year. People are also overwhelmingly satisfied with their Medigap coverage. 94% are satisfied with their coverage, 95% consider it a good value, and more than 9 out of 10 would recommend Medigap to their friends and family. You just don’t see that level of satisfaction with under 65 Health Insurance. Plan F continues to be the most popular choice, with 52% of plans purchased. Plan G, our pick for best value, and Plan N are growing in market share. One of the only complaints a person can have with Medigap is the price. While rates do go up, you are always able to change to a new Medigap policy at any time. Medigap policies are not subject to the lock in period that Medicare Advantage has. If you are turning 65, or new to Medicare, give us a call at 877-740-8683, and we will help you find the best rate. If you have a current plan, and would like to make sure you have the lowest price, you can also call, or visit www.emedigap411.com , for a free personalized price comparison.
While the most popular Medigap policy remains the Plan F, there are a couple of plans that have become attractive options for many people. While the Plan G Medigap most closely resembles the Plan F, and is actually our favorite choice, many customers have been considering the Plan N. There is some cost sharing associated with the Plan N, such as $20 co-pay for doctors, and $50 co-pay for Emergency Room. Those are costs that are similar to what most people are used to paying with their under 65 Health Insurance, so they really aren’t that bad. The biggest caution we give our customers that want to switch to a Plan N is the Part B Excess. This simply means that with a Plan N, if your provider doesn’t accept Medicare Assignment, you could be responsible for and additional 15% on Part B services. If your providers do accept Medicare Assignment, however, the Plan N can be an attractive option. We have found that the Plan N is a great fit for our customers who have been on a Medicare Advantage plan, but did not like the network restrictions and out-of-pocket costs. If you would like to compare Medigap options, and see if Plan N is right for you, just give us a call at 877-740-8683, or visit www.emedigap411.com .