MyMedicare.Gov – Why Should I Switch My Medicare Supplement Policy?

MyMedicare.Gov – On June 1st of 2010, the standardized medi-gap supplement plans were changed. Four plans were dropped and two were added. How and why gets to be very complicated. How it affects many policy holders who had coverage in place prior to that date is much easier to explain. Read on and learn why these policy holders would be foolish not to shop around for a new plan. MyMedicare.Gov

MyMedicare.Gov – One major impact of the plan changes was to reduce the pricing on new plans. In other words, the person who had a plan prior to June first of last year, would likely find that they could get the same exact coverage for less if they were to shop their plan to another company.

MyMedicare.Gov, As an agent, I often find there is much confusion here because what many beneficiaries do not understand is that the name of the company is meaningless. If the ABC Insurance offers an F plan, and XYZ insurance offers an F plan, they have to cover the exact same benefits. The only difference is price.MyMedicare.Gov

The “Cadillac” plan prior to June 2010 was the “J” plan. It offered a home health care and preventative benefit. Now home healthcare is covered as a standard Medicare benefit and each Medicare beneficiary can go to their doctor once per year for a check-up covered under Medicare’s preventative benefits. The current “F” plan is now equivalent to the old “J” plan.

MyMedicare.Gov

-This matters because many J plan policy holders will find they could save big money by switching to a new plan. The other problem they face is that because there will be no new J plans, those that remain in those plans will likely see higher then average rate increases. This has been echoed through the industry & it only makes sense. MyMedicare.Gov

-I know from my own experience that MyMedicare.Gov beneficiaries don’t like to switch plans. But, most folks on Medicare have fixed incomes and also  I have seen savings of $100 every month month for the exact same coverage!! I hate to use the words “no brainer” but isn’t it?

MyMedicare.Gov

 

How Does Medicare Part D Work?

MyMedicare.Gov –  Of the four parts of Medicare, Part D is the newest and the most complex. I still get asked what is Medicare Part D which means that the government is failing to do a proper job of educating seniors on this very important and vital part of Medicare. Medicare Part D […]

What Is Medicare Part B and How Can You Get It?

MyMedicare.Gov – Medicare Part B is one of the insurance plans under Medicare that provides cover for healthcare on an outpatient basis. Whether it is the services of a doctor that you require, care at an outpatient center or at home, the Part B covers the expenses you incur, including the cost of […]

About Choosing MyMedicare Plan

MyMedicare.Gov – Straight talk. Answers to 3 FAQ’s about Medicare and Medicare Supplement Insurance. You don’t need to be a Medicare expert or devote hours reading info and researching online to understand your Medicare and Medicare Supplement options.

Q: What is the difference between Original Medicare & Medicare Advantage (MA) Plans?

A: There […]