Shopping your Medicare plan can allow you to save money on your Medigap policy, prescription drugs, and other health expenses. So why aren’t you?
It’s commonplace to shop around, clip coupons and look senior savings days all in a valiant effort to get the best price on groceries and gasoline you name it. A recent study showed |that not only do people over 65 spend very little time shopping for their Medicare plan and the reason you ask… FEAR
You can read the report here.
There is a myriad of reasons for the reluctance of consumers to shop their plans as they do say a turkey for Thanksgiving or perhaps the best price on a new vehicle. I’m hoping to clear some of those up! Encourage you all to spend more time reviewing your Medicare plan or find an independent broker like Senior Market Solutions who can help you to do so.
The first step to relieving the fear and anxiety factor. I get it, folks! But, it’s not as scary as it seems. The key is understanding two concepts… Medicare (parts) and Medigap (plans) and how they work.
When choosing Medigap as an option you must understand that the policies are made up of plans. Those plans are labeled with letters and each letter represents a corresponding set of benefits. These plans are offered by private companies to cover things that Medicare does not such as copayments coinsurance and deductibles.