You may have heard about Medicare supplement plans in your discussions with friends and family in Reading, Myerstown, Sinking Spring, Wernersville, Wyomissing, PA, and the surrounding areas, but do you really understand what they are and how they can help you? At Stubbs Insurance Agency, our team can help take the mystery out of Medigap plans so that you understand how they can help you with your insurance needs in retirement. The purpose of Medigap plans is to help pay for the out-of-pocket costs associated with the original Medicare, including such things as deductibles, copayments, and more. And there are several different varieties of these Medicare supplement plans, so it is important to understand which one will best fit your needs. Contact us today to learn more about these supplement plans and choose the right option for your needs.
Medicare Supplements Are Sold by Private Insurers
It is important to remember that Medicare supplement plans are sold by private insurance companies and not the government. There are a number of different plans available to you, so it is important to compare them to understand what they do and do not cover. The best time to purchase one of these Medigap plans is during the 6-month window after you initially sign up for Medicare Part B as you are guaranteed to get coverage during that time.
The price variances between the same supplement plan from different insurance companies can be substantial, so it pays to shop the market. Also, the cost will vary from plan to plan because each of the plans cover different things or to a different degree. This is why it is first important to shop based on the coverage that you want or need, then to look at pricing of those plans.
Making Sure You Get Things Right
Because of the limited window of guaranteed issue once you sign up for Medicare Part B, as well as the need to look forward in time and guesstimate your level of medical needs, it can be very tricky to choose the best option. And the ability to just switch things up is limited as well, so if you end up choosing one thing but later on in life need or want something else, you may have limited options to make a change.
Medicare supplement insurance plans are very well liked by participants in Reading, Myerstown, Sinking Spring, Wernersville, Wyomissing, PA, and the surrounding areas, however it is a challenge initially to make a choice with so many options and the variety in costs. Our team at Stubbs Insurance Agency will help to make things clearer so that you can be confident in your choice. Don’t wait until it’s too late, contact us today to get started on reviewing all of your Medigap options.