While Medicare Supplement Insurance for 2018 may have Medicare’s name on them, they are not being sold by Medicare. They are actually sold through private insurance companies that you are probably familiar with and that sell many other kinds of insurance. Medicare simply regulates these plans and decides what the plans will cover.
It doesn’t even decide how much the supplement plans are going to cost. That’s a detail it leaves up to the individual insurance companies. They can even decide which of the plans that Medicare has created they want to sell. They can sell all 10 of them or just a handful, so some consumers will have to search to find the right plan for them.
What the Plans Offer
Medicare Supplement Insurance plans in 2018 are available for anyone who has the base Medicare plan already. That plan is required for eligibility to the supplemental plans, because the base doesn’t overlap with the supplement plans in any coverage at all. You only need one of the supplement plans if you still have some medical expenses left over to pay after Medicare covers its own items.
You will always have deductibles and co-payments and such to pay with Medicare, but even those can be covered if you go with one of the supplement plans. How many of them are covered and to what extent will be based on which plan you chose.
We mentioned that there are 10 of them, and they come with varying levels of coverage. Plan F, for example, is at the top of the list, offering the most coverage out of all of them. In fact, it is a full coverage plan, taking care of deductibles, co-payments, foreign travel exchange, some extra blood for the year and more. Other plans like G and N fall a bit short but may actually be economical.
That’s because Plan F is priced quite high, and if you want to make it an affordable plan, you will have to do some searching. Most insurance companies sell it for far more than the other plans, even those that have similar coverage. For example, Plan G covers almost the same items as Plan F, with a few hundred dollars’ difference in expenses left to pay. The price difference between Plan F and Plan G, however, is likely to be far more than just a few hundred dollars.
You’re usually better off picking Plan G or something else that’s less expensive and covers less than you are with buying Plan F. It’s just priced in such a way that very few people will be able to save money with it.
Saving Money on Coverage
Of course, there are ways to cut your costs and save money on these plans. You don’t have to accept the first offer you see for the plan you want. Since there are lots of different insurance companies selling these insurance plans, there are lots of different rates available for Medicare Supplement Insurance for 2018. You can find the lowest price by doing some searching.
We can help with the search, as the free service on our website allows you to quickly find out what different insurance companies are charging for the plan you want. Just come to our site and tell us which plan you are interested in and where you live and we will search for quotes from providers in your area who are selling the plan. You’ll get the quotes back quickly and then be able to tell who is offering the plan you are interested in at the lowest possible price.
You can use that information to save lots of money on Medicare supplement insurance for 2018. It may not seem like much when you find a provider who is selling the same plan as another provider for a few dollars less, but even small differences are going to add up and make for hundreds of dollars in savings over the course of the years you are subscribed to the insurance plan.
You might have concerns that if you were to pay a reduced amount for one of the plans that you would somehow miss out on the coverage it is supposed to come with. That’s not possible, however, as Medicare ensures that everyone selling the plan sticks to its strict coverage rules. Only Medicare can change the coverage, and they are keeping it the same through all of 2018. That’s good news for those who want to examine these plans now and buy later. If you are going to be eligible for Medicare supplement plans in 2018, you can start looking at them now and finding a good fit for you without having to worry that the coverage will be different when you are ready to buy.
Choosing the right plan is key to saving money as well. If you go for the wrong plan, you may regret it later. While you can change your mind and your plan whenever you like, it could cost you in fees and higher premiums. You may not be able to get the same great deals that were available to you when you first signed up. Still, you want to ensure that you have a plan that fits you well and that covers your medical expenses and makes it easy to stay on budget.
If your medical situation change at some point after you sign up for one of the supplement plans, then you need to evaluate the plan you have chosen. Ensure that it still provides what you need and not too much or too little. It’s okay to change the plan to something more suitable, if what you have no longer meets your needs.
When you are ready to buy a plan or change plans, just come on over to our site and let us help you find the lowest price for that plan. Our service will always be free, and we offer the best and easiest way to get good rates on Medicare Supplement Insurance for 2018.