It is very important to spend some time comparison shopping for your Medicare supplemental insurance policy. Why? Well, at risk of preaching to the choir, you need to do this so that you can be sure not to be overcharged for a supplement policy that you could receive for less from a different insurance company.
When people automatically accept the first Medicare supplement quote that they are given, they may not necessarily receive the lowest premium quote that they can. Thus, they perpetuate the vicious cycle which allows insurance companies to rip off unsuspecting customers and profit from it.
Many falsely assume that since the government standardizes the supplement plans that prices are also standardized. However, that's far from the truth. Private insurance companies charge different prices for the standardized plans, and it is on your shoulders to do your research to find the best deal that you can for the plan that you desire.
Insurance companies are privately held and can thus charge whatever premium they choose for their Medicare supplement policies based upon their own guidelines for price setting. While some companies base their premium calculations on fair market value, others just throw out a big number hoping people will pay it. And, sadly, many people do pay it!
People's ignorance concerning the price differences in Medigap plans allows insurance companies to get away with overcharging their clients and unduly profiting from their loss. Stop this practice by shopping around for your supplement and getting as many quotes as you need to find one you like and can afford.
If everyone takes a moment to shop for lower policy rates when it comes to Medicare supplements, that will quickly stop the companies from scamming people for profit.
Think about it.... Do you really want to spend your retirement years living on a fixed income (as most retirees do) and pay more than you should for Medicare supplement insurance if you don't have to? The chances are good that you actually want the opposite, but don't know (or didn't know) that you had a choice in the matter.
Fortunately, you do have a choice. You need to do whatever it takes to get as many quotes as you feel are necessary before determining which insurance plan is best for your supplemental needs.
Although, you may not always wind up with the cheapest policy, you will be able to get a policy that is affordable and offers the coverage and service that you deserve.
Stop overpaying for your Medigap insurance. Start rate shopping early so that you can ensure that you have received a fair deal.
For more information on Medicare supplement insurance and Medigap coverage, visit http://www.gomedigap.com.
When people automatically accept the first Medicare supplement quote that they are given, they may not necessarily receive the lowest premium quote that they can. Thus, they perpetuate the vicious cycle which allows insurance companies to rip off unsuspecting customers and profit from it.
Many falsely assume that since the government standardizes the supplement plans that prices are also standardized. However, that's far from the truth. Private insurance companies charge different prices for the standardized plans, and it is on your shoulders to do your research to find the best deal that you can for the plan that you desire.
Insurance companies are privately held and can thus charge whatever premium they choose for their Medicare supplement policies based upon their own guidelines for price setting. While some companies base their premium calculations on fair market value, others just throw out a big number hoping people will pay it. And, sadly, many people do pay it!
People's ignorance concerning the price differences in Medigap plans allows insurance companies to get away with overcharging their clients and unduly profiting from their loss. Stop this practice by shopping around for your supplement and getting as many quotes as you need to find one you like and can afford.
If everyone takes a moment to shop for lower policy rates when it comes to Medicare supplements, that will quickly stop the companies from scamming people for profit.
Think about it.... Do you really want to spend your retirement years living on a fixed income (as most retirees do) and pay more than you should for Medicare supplement insurance if you don't have to? The chances are good that you actually want the opposite, but don't know (or didn't know) that you had a choice in the matter.
Fortunately, you do have a choice. You need to do whatever it takes to get as many quotes as you feel are necessary before determining which insurance plan is best for your supplemental needs.
Although, you may not always wind up with the cheapest policy, you will be able to get a policy that is affordable and offers the coverage and service that you deserve.
Stop overpaying for your Medigap insurance. Start rate shopping early so that you can ensure that you have received a fair deal.
For more information on Medicare supplement insurance and Medigap coverage, visit http://www.gomedigap.com.
About the Author:
Learn more about Medicare supplement policies. Stop by Richard Cantu's site where you can find out all about Medigap and what it can do for you.
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