Three things you need to know when comparing Medicare Supplement Insurance Plan Costs

1. You can shop your Medicare Supplement Insurance Plan any time of the year.

2. All Medicare Supplement Insurance Plans must follow Federal and State Laws. The Letter of the Plan determines the coverage, not the insurance carrier.

3. Prices vary between the Carriers for the same exact Plan and Coverage

How does Medicare supplement insurance work?

While Medicare Parts A and B cover some health care costs, they don’t pay for everything. That’s where a Medicare Supplement insurance plan comes in. Medicare supplement insurance plans (also called “Medigap”) is sold from private insurance companies that complement your Medicare coverage. Medigap plans help cover most of your out-of-pocket expenses not paid by Medicare.

Why consider a Medicare supplement insurance plan?

■ Keep your own doctor who accepts Medicare patients

■ See any specialist that accepts Medicare without a referral

■ No claim forms to fill out.

■ Coverage goes with you anywhere in the U.S. No Networks

Your CAN Change Your Medicare Supplement Insurance Plan any time of the year:

This is a common misconception because people get confused about the Annual Election Period that Medicare holds each fall where you can change your Medicare Advantage Plan or Part D Prescription drug plan. You can change Medicare supplement insurance plans at any time of year and in most states you may pass medical underwriting to do so and can be denied acceptance.

If you have had a Medigap Plan for a couple of years, you have likely received a letter from your Medigap carrier announcing premium increases This typically happens about one month before your policy anniversary each year, and the letter notifies you of how much your new rate will be.