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.
We recently wrote about Medigap Policies for people on Medicare Disability. While some states have under 65 requirements, it is important to remember that each person, regardless of where they live, will have a new Open Enrollment Period the first month that they are both 65 and older, and on Medicare Part B. For people that were unable to get a Medicare Supplement when they were on Medicare Disability, this is a unique opportunity. Perhaps even more important, is the chance for people that had a Medigap Policy under 65 to get a fresh start. When people are fortunate enough to have a Medigap Policy while they are on Disability, the premiums are generally much higher than they would be for someone over age 65, and the plan choices are often limited to Plan A only. While the Plan A can be a good value for many people on Medicare Disability, a Plan F or Plan G provides many more benefits. We were recently able to help one of our current Plan A customers obtain a Plan G, when they turned 65. While their Plan A policy had gone down in price at their 65th birthday, they were able to get the much better Plan G, for about the same price, without having to answer any Health Questions. If you or someone you know has been on Medicare Disability, please call 877-740-8683, or visit www.freedomfreequote.com , for more information on this important time period.
Many people who are under 65 and on Medicare Disability are unaware that they could be eligible for a Medicare Supplement, or Medigap, policy. That has meant that a lot of people on Medicare Disability have thought their only option was a Medicare Advantage Plan. While not all states have requirements that Insurers offer under 65 Medicare Supplements, if your state has these requirements, it can be a great option. The people we have found that benefit the most from having an under 65 Medigap policy are those that have higher out-patient costs. Even a Plan A Medigap policy(which is often the only choice under 65) will pay the 20% Part B co-insurance. This can be a life saver for people that have high Part B drug costs. It is also important to know that if your state does have under 65 requirements, you have many of the same Medigap protections, such as Open Enrollment within 6 months of Part B effective date, Guaranteed Issue if your plan terminates, etc. To find out if your state has under 65 requirements, and find the best price in your area, call 877-740-8683, or visit www.emedigap411.com