Medigap Plan G – What It Covers and Why It Makes Sense

Medigap Plan G is one of the often-overlooked Medicare Supplement plans. Most agent and consumers look for this:, which is the most common and comprehensive plan, first. However, Plan G is a great plan and is very similar to Medigap Plan F (only one benefit difference). For that reason, I believe Plan G to be, in most cases, the most advantageous Medigap choice. It even helps out with the Car accident lawyers, just in case you get into any trouble out on the street, however, it is always important to contact Reid Collins & Tsai depending on the law situation you are involved in.

So, what does Plan G cover? Well, in short, it covers everything that Plan F covers with one exception. The exception is the Medicare Part B deductible. For 2017, this deductible is $183/year. Other than not covering that deductible, Plan G is absolutely identical to Medicare Supplement Plan F.

The benefits that G includes are: Basic Benefits (20% coinsurance, hospice coverage and blood), skilled nursing facility coinsurance, Part A deductible, Part B excess charges, and foreign travel emergency, which are really helpful for people that suffer from vein disorders. These benefits are part of every Plan G because Medigap plans are standardized and gets help from the people from p://, at the end of the month they also to a big meeting where they grill with one of the best electric grill out there.

Since the coverage of the Part B deductible is the only difference, it is very easy to compare Plan F and Plan G. If you divide the deductible amount by 12 months, you get the figure $15.25/month. This is the “benefit difference” between the two plans, since all other benefits are identical. So if a Plan G is $20 less than a Plan F, it just makes sense.

Also, and this is something that many people do not realize, Plan G has historically been more rate-stable than Plan F. The primary reasons for this is Plan F is required to be offered on a “guaranteed issue” basis in several situations (i.e. losing employer coverage, losing Advantage plan coverage, etc.). Plan G, on the contrary, is not required to be “guaranteed issue” in these situations. What this means is that Plan F must accept people, regardless of pre-existing conditions, that fall into one of these situations. So on average, the people on Plan F could be less healthier than the people on Plan G, because to get Plan G (unless you are in open enrollment), you would have had to qualify medically. Less healthy people can lead to more claims, and rate increases are based on claims in a certain geographic area, if some of this people are based of negligence of the doctors they could be manage for services as the offered in sites like this

Lastly, in 2014, legislation passed that set an “end date” to the full coverage Medigap plans, including Plan F. These plans will no longer be available after 2020. At that point, the plans that are no longer available to new members will very likely be less stable over time than other options, including Plan G.

Altogether, Plan G is a great option. While many agents “push” Plan F, doing some simple math can show you that Plan G is more advantageous to you in most cases. If you have questions about Medicare Supplement plans or want to get Medicare supplement quotes, please contact us via our website.

Medicare Supplement Quotes – Why Are They So Different?

Medicare Supplement quotes can vary greatly, even with the standardization of plan coverage. In other words, even with the same coverage, claim payment system, doctor acceptance, etc., some companies charge a much higher price for their Medicare Supplement plans. In some instances, rates for “like” coverage can range by as much as $100/month and more.

Although this may seem difficult to understand – why are prices so different when coverage is the same – there are some pretty straight-forward reasons for the differences in premium and some simple principles to keep in mind when comparing quotes.

First of all, companies have the authority to set their own rates. The rates do have to be approved the state departments of insurance; however, the companies propose and set the rates. Different companies target different geographic areas, different age/gender combinations, and different plans (i.e. targeting Plan G over Plan F).

Also, different companies have different administrative costs (overhead) for running their plans/companies. This, too, can have an impact on price, as companies build in higher costs for marketing/selling their products into that product’s price.

In a more complex difference, companies set their rates in different ways. Three are several kinds of rating methodologies that companies can use – attained-age, community-rated or issue-age rated. This can determine what the rates are at different ages. It is commonly accepted that attained-age rates are lower initially, but may be higher over time. However, it is typically true that all companies/plans do go up over time, so there is no “silver bullet” for avoiding rates going up as you get older.

Keep in mind, when comparing and choosing a Medigap plan, that all companies must offer the same standardized benefits and pay claims in the same way. There are literally no variations from one company to another for “like” plans. However, rates can vary dramatically. It is most important to compare rates in an unbiased way and choose a plan that is competitively priced, if not the lowest priced for the plan you want.

If you have questions or wish to obtain a Medigap quote, please contact us online or at 877.506.3378.

Medicare Supplement Quotes Online – How To Find Them

Most Medicare Supplement companies do not allow their rates to be published online for the general public. If you have been searching for rates, you have probably found this to be the case. That said, there are very easy ways to get Medicare Supplement quotes online without having to speak to an agent or the company on the phone or meet someone in person.

Below, we’ve listed step-by-step instructions for obtaining Medicare Supplement quotes online and comparing the plans:

  1. First and foremost, have some knowledge about what you’re looking for. Many people mistakenly refer to all types of plans as “Medicare Supplements”. Your employer group coverage is NOT a Medicare Supplement. Medicare Advantage plans, which replace Medicare instead of supplementing it, are NOT Medicare Supplements. Medicare Supplements are Federally-standardized and must be named by the letters that the Government has mandated. This means that all plans will be one of the standardized plans – A through N – that are found on the Medigap coverage chart.
  2. While most companies don’t publish their rates online, they employ independent agents who do. Independent agents do not cost anything for you to use. What they do is compile all quotes for your area and situation into one place, so that you can easily compare among multiple choices. You should find an agency that will send you the rate quote comparison by email so you don’t have to call the companies individually. Most independent agencies will do this. No matter what you sign up for or who you sign up with, we certainly recommend using an independent agent/agency for the information and service they provide.
  3. Once you receive a chart that shows the quotes from a handful of companies, you want to make sure you are comparing them using the correct criteria. While many people will ask how a company pays, if it pays on time, or if doctors accept the plan – all of these are factors which do not play into a decision about Medicare Supplement plans. With the standardization of plans, you can go to any doctor/hospital nationwide that takes Medicare, regardless of the plan that you have. Also, the companies pay claims through the Medicare “crossover” system so there is really no variation in how/when one companies versus another.

All in all, choosing a Medigap policy does not have to be all that difficult to do. You can certainly get Medigap quotes online and compare plans to make an informed, educated decision. If you have questions, visit us online or call us at 877.506.3378.

Medigap Rate Increases – How To Avoid Them

The title to this post is admittedly deceiving. There is simply not way to altogether avoid Medigap rate increases. Regardless of the company you are with, or the plan that you have, all Medigap plans are going to go up in price over time.

Some companies claim that their rates do not go up, or at the least, go up at a slower rate than other options. I would be very leery of anyone who tells you this. Because quite simply, that is not the case. Even issue-age and community-rated policies are going to go up over time. They may not go up based on you getting a year older, but they go up for other more arbitrary reasons, including but not limited to, administrative costs increase, changes in Medicare, etc.

The most effective strategy, then, because you can’t avoid the rate increases, is to maximize your savings whenever possible. If your rate goes up, we advise “shopping” it around to see if you can get a better deal from another company for the same coverage plan. There is simply no other way to keep your costs low over time.

The best way to “shop” around is to get quotes by email. You can compare “like” plans – same coverage from a different company – and easily see if there is a more suitable option for you. If there is, changing Medigap plans is very easy to do. You can simply apply for the new plan with a future effective date. Then, once it is approved, you cancel the old policy effective that same day. And, there you have it, you’ve easily saved yourself hundreds of dollars a year (sometimes, thousands, depending on what plan you plan and where you live) and kept the same level of standardized Medigap coverage.

Now, many people obviously don’t realize the benefits of this, or simply don’t like thinking about health insurance, but the benefits far outweigh whatever perceived inconvenience you believe that it is. If we can assist in your comparison process, we’re happy to do so. Contact us at: Medicare-Supplement.US, Or get more information by calling 877.506.3378.

Medigap Plan G – The Smart Alternative to Plan F

Medigap Plan G is a smart alternative to Plan F. While many agents and agencies push Plan F primarily, Plan G is generally a better value if you do the math on the two options. When comparing Medicare Supplement plans, it is important to look at all the options and understand the plan differences. In doing so, you will see that there is only one benefit difference between the two plans – Plan F and Plan G. Understanding this benefit difference is the first step to comparing these two plans.

There are several reasons why Plan G is a better value than many of the other plan options, which we’ve spelled out below:

  1. First and foremost, it is a better value, in most cases. The math is simple to do. The only benefit difference between Plan G and Plan F is the coverage of the Medicare Part B deductible. For 2011, this deductible is $162/year. Typically, you will the premium savings on Plan G to be approximately $15-20/month. In an example, if the premium savings is $20/month, then you would spend an extra $162/year (if you go to the doctor) in exchange for saving $240/year. It just makes sense.
  2. The second major advantage to having Plan G is that rates are historically more stable over time with Plan G than with many of the alternatives. The reason for this is simple to understand. Plans F and C, and several others, are required to be offered (by all companies) on a “guaranteed issue” basis when you are losing employer coverage or Advantage plan coverage. Because companies cannot underwrite those plans in these situations, the people on the plans are, on average, less healthy than people on some of the other plans, like Plan G, that are not required to be offered on a “guaranteed issue” basis in these situations. Less healthy people leads to more claims, which leads to larger and/or more frequent rate increases.

For these two primary reasons, you will find that Plan G is a great alternative to other plans like the Plan F. While many people will push for the Plan F, do the math yourself and make an informed decision. I believe you will find that Medigap Plan G is often the way to go. If you have any questions about which plan is right for you or if you want to get a Medicare Supplement quote, please contact using our website: Quotes from Medicare-Supplement.US .

Medicare Supplement Quotes – The Secure Way to Get Them

Medicare Supplement quotes are the best way to compare the various Medicare supplement plan options. There are many, many options for Medicare supplement insurance in each state, and different options are better in certain areas and for certain ages or situations. The best way to find out which plan or company is right for you is to compare all of your options and choose a plan based primarily on price.

So, why is price the most important thing? Well, put simply, the plans are standardized so there is no variation in coverage. A Plan ‘F’ with one company is the exact same thing as a Plan ‘F’ with another company. So, price is the only differentiating factor. Here are the steps to getting Medicare Supplement quotes:

  1. First and foremost, you must request them from an independent source, such as an independent Medicare insurance brokerage. An independent resource like this will give you quotes for a handful of the competitively priced companies for your age and zip code, so that you can compare them on your own time.
  2. According to, you must give honest and complete information so your quotes can be run accurately. Now, this doesn’t include giving them every piece of personal information you have – for example, to provide quotes, they shouldn’t need your social security number, bank information, etc. To successfully run quotes, all that is needed is age, zip code, gender, and tobacco usage. This will be enough information to give you the information you are looking for. If the source you are using is asking for additional information that you don’t feel comfortable giving out, we recommend using a different source to get your quotes.
  3. Once you have the quotes, you can easily compare plans and companies. Are you on a Medicare Supplement currently? If so, you can compare a “like” plan to see if you would be able to save any money for equal coverage. If you are turning 65, or going on Medicare for the first time, you can use the standardized coverage chart to see what each plan covers. Then from there, you can choose a plan and compare rates using the Medicare Supplement quotes.

If you have any questions or want to get your own set of quotes to compare to your current plan (if you already have one) or other plans you are considering (if you are going on Medicare), please contact us on our website: Medicare Supplements. We are happy to provide the information you request, by email, in an easy-to-understand format.

Medicare Supplement Underwriting Guidelines – What You Need to Know

Medicare supplement insurance plans use medical underwriting to screen potential applicants. While pre-existing conditions are not as big of a concern with Medigap plans as they are with under-65 health insurance, this type of plan does approve or deny an applicant based on their health (with some exceptions – see below). So, when you apply for a Medicare supplement or when you are comparing plans, you need to endeavor to understand the differences in medical underwriting from company to company.

Typically, Medicare supplement underwriting questions are very similar. Companies, in nearly almost all cases, ask about things like COPD, heart attacks, strokes, cancer, hospital or nursing facility confinement, etc. Most companies also ask for a list of your current medications to determine your eligibility will be.

There are some very important, notable exceptions to the general underwriting guidelines. These exceptions are called ‘guaranteed issue’ and ‘open enrollment’. Guaranteed issue is when you receive approval into a Medicare supplement plan with no medical questions asked at all. You qualify for guaranteed issue when you are losing some other type of coverage, like employer coverage or a Medicare Advantage plan, when you move to a new state, or one of several other instances. Open enrollment occurs for Medicare supplement plans when you are BOTH age 65 and enrolled in Medicare Part B. For most people, this is the first day of the month that you turn 65 through 6 months from that date. During this time, you also do not have to answer medical questions on the application, regardless of plan or company that you choose.

Underwriting guidelines for Medicare Supplements vary greatly from company to company. It is very important to know what different companies look for when underwriting an application. This can help prevent an unnecessarily declined application and make for a smoother overall process. The most effective way to get this information is to work with an independent agent who is familiar with the different underwriting guidelines from all the different companies. They can help you evaluate which companies are more stringent on underwriting and which companies would be the best fit for you. If you are in good health, it may be to your advantage to be with a company that is more stringent than others, since on average, the people with that company may be healthier (can lead to fewer claims and fewer rate increases).

If you would like more information or to get Medicare supplement insurance underwriting information, please contact us on our website at Medigap quotes.

Choosing a Medigap Policy – How and When to Do It

Choosing a Medigap policy is an important part of your transition to Medicare if you are turning 65 or going on Medicare. There are literally hundreds of options available in each state and county, and you, no doubt, will get overwhelmed with a deluge of information when you are going on Medicare. It is easy to let this information overwhelm you to the point of frustration. However, it doesn’t have to be that difficult. Put simply, choosing a Medigap policy is actually very easy to do. Follow the guidelines below to choose the Medigap policy that is right for you:

  1. First of all, select a plan during your open enrollment or guaranteed issue period. Everyone has a 6-month open enrollment window when they turn 65 or enroll in Medicare Part B. During this time period, there are no health questions asked on any company or plan – you simply choose a plan and enroll. This is the ideal time to enroll in a plan because you cannot be turned down for coverage or made to pay a higher premium because of some pre-existing condition.
  2. Choose a plan by comparing options using an independent agent. It is to your advantage to use an independent agent when comparing and choosing a plan. Independent agents have access to plan quotes for all of the plans offered in your area and can help you compare in an unbiased way. They also have specialized knowledge of company practices, rate increase histories, and customer service reputations. You are paying for agents anyway (commissions are built into premiums) and it doesn’t cost you any extra, so you should certainly have one.
  3. Make a decision based on two factors – price and company reputation. No matter what anyone else tells you or what you see on a television commercial, your decision should, quite simply, come down to two factors and two factors only – price and company reputation. Since plans are standardized, you can easily compare “apples to apples” to choose a plan that is most competitive on price and is from a highly rated company.

Choosing a Medigap policy can be overwhelming and time-consuming. However, it doesn’t have to be that hard. Plans are Federally-standardized and you are given a set time to enroll in the plan of your choice, so it is easy to know when and how to choose a plan. By simply following the three guidelines listed above, you can choose the plan that is right for you.

For additional guidance, you can contact us on our website, Medicare Supplement or see Medicare’s choosing a Medigap policy guidebook: