When comparing Medicare supplement plans and carriers it is very important to compare rates when looking at the same plan letter between companies. For example, if you are comparing Plan G between companies you want to focus on price along with several other factors.
People who enroll in Medicare after Jan. 1st 2020 will not be able to purchase plan C or F however, folks who enrolled in Medicare Part A prior to Jan. 1st 2020 will still be able to buy plans C and F.
ALL standardized Medigap plans will increase in price over time. There are several driving factors that affect the rates. Your Medicare supplement rate can increase with your age, inflation, the insurance companies internal reasons (claims, cost of doing business, etc), or a combination of all three.
Deciding when to buy a Medicare supplemental insurance policy is a very important decision. If you wait until it’s too late you never be able to buy a Medigap plan if you have health issues. It is very important to be aware of when your enrollment period is for Medicare supplement insurance.
You may be wondering how ObamaCare affected Medicare. There is plenty of misinformation out there and many seniors are misinformed. I hope to set the record straight here and clarify any confusion you may have. In short, ObamaCare does not affect Medicare directly at all. If you have Medicare or are new to Medicare you […]