Medicare Supplement Plans – Switch Now, Get Better Coverage and Save Money!
The Open Enrollment Period ended on March 31st, but many people can still switch to a different Medicare Supplement Plan and save hundreds of dollars per year. This is because the Open Enrollment Period only applies to people who have, or wish to purchase a Medicare Advantage Plan. Those of you who have a Medicare Supplement Plan can switch to any company or plan as long as you meet a few basic requirements.
Ida Wangberg, who is 75 years old and lives in Durham, California just switched her plan from Blue Cross to Mutual of Omaha and will be saving over $100 per month. Not only will she be saving over $1200 per year, but she will continue to receive the same exact benefits and will visit the same doctors and hospitals. Medicare Supplement Plans are standardized by the Center for Medicare Services, which means all insurance companies must offer the same exact plans and benefits. The only difference between the different insurance companies is how much they charge you for the plans. In this case, Ida made a very smart decision by shopping all insurance companies to make sure she is getting the best price available for Medicare Supplement Plan F, which is the plan she wanted.
How did Ida do it? She contacted an insurance broker who carried every company and plan and who was able to give her expert, unbiased advice, which saved her a lot of money. However, in order to qualify she had to answer a series of health questions in order to be approved because she was not in a guaranteed issue period. Because she is in great health and has no heart conditions, cancer, or diabetes, she was approved within a few weeks and was saving money before she knew it.
Switching Medicare Supplement Plans is easy, especially if you consult an expert such as the partners at Medicare Supplement Shop. Within just a few minutes, these experts can determine if you will qualify for another insurance plan and exactly how much money you will be able to save on a monthly basis. In addition, because they carry every company and every plan, they can give you an unbiased opinion and save you even more.
If you have a Medicare Advantage Plan, you must wait until the Annual Enrollment Period, which begins on November 15th and ends on December 31st before you can switch to a Medicare Supplement Plan. However, if you have had your Medicare Advantage plan for less than 12 months you will have a guaranteed issue period which means you will not have to answer any health questions and you can purchase and one of the Medicare Supplement Plans regardless of any pre-existing health issues.
Medicare Supplement Plans are offered by many companies, all of which have very different prices, varying degrees of financial stability, and different customer service and billing departments. Price is very important, but it is not the only factor to consider when making a purchasing decision. A knowledgeable broker will be able to explain the advantages and disadvantages of every company and plan and can help you enroll immediately and start saving today.
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