With so many Medigap plans to consider and countless Medicare Supplement Insurance companies to compare, choosing the right coverage can be difficult. Fortunately, finding and purchasing a Medigap plan is easier with the help of a Medicare Supplement Insurance agent. Here are five reasons to consider working with one.
1. You’ll understand all your options
Whether your health care needs are straightforward or complex, Medicare and its various options can be incredibly confusing. Simply browsing through Medigap plan options can be overwhelming. When you talk with independent Medicare Supplement Insurance agents your options will become much clearer.
You’ll quickly learn that once you qualify for Medicare Part A and Part B, you can also purchase a Medigap plan to give you a complete medical coverage. You’ll also find out which Medigap plan offers the coverage you want. Will Plan A give you the extra coverage you need, or would a Plan F offer all the options you want? Do you want Part B coinsurance coverage, or are Part B excess charges more important? If you travel frequently, you’ll also want to make sure your Medigap plan has built-in travel coverage.
It isn’t always easy to understand how each plan truly works. An experienced agent will walk you through scenarios to ensure the Medigap policy you’re considering gives the type of coverage you expect. An agent will also make sure you haven’t neglected to consider a medical need that could dictate the right plan for you.
2. You’ll save time
Whether you’ve just started thinking about Medicare Supplement Insurance or you’ve been reviewing plans for months, you can spend virtually endless time perusing your options. That’s because, in addition to looking over the charts themselves, you can browse details, search for reviews, and much more. After you’ve spent hours weighing your options, you might be even more confused than before.
When you hire an agent to walk you through the purchasing process, you’ll save time since you won’t have to do all the research yourself. After explaining your options, an experienced agent will help you understand each plan’s pricing and the advantages of working with various insurers. That means you won’t have to spend hours searching for details on insurers’ websites.
3. You’ll get the best value for your money
Many Medicare customers are surprised to learn that Medigap plans don’t have rating systems. That means it’s virtually impossible to do a side-by-side comparison of similar plans from various insurers. When you’re on a fixed budget, however, you can’t afford to waste money on a plan that doesn’t offer the coverage you need. You also don’t want to overspend to get the plan you want.
An independent Medicare Supplement Insurance agent will help you get the best value for your money, no matter which plan you choose. Because you don’t pay your agent for his or her expertise, there’s no additional out-of-pocket cost for you.
4. You’ll understand when to buy Medigap
When it comes to Medicare and Medigap, timing is key. If you purchase a Medigap policy during your Initial Enrollment Period, an insurance company can’t reject your application, delay the start of your coverage, or charge you a higher monthly premium.
If you need help determining when your Initial Enrollment Period ends or you’re considering buying a Medigap policy long after that period has expired, you might need more information before making a decision. An independent agent can help you navigate the cost structure and suggest the best time to buy your policy.