Compare Medicare Supplement Plans
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 compare prices, clip coupons and look senior savings days. This is all in a valiant effort to get the best price on groceries or gasoline for example. A recent study showed people over 65 spend very little time shopping for their Medicare health insurance 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.
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 that Medicare of parts and Medigap plans by letter.
Medicare is a federal health insurance program for people who are 65+ years old. Medicare’s 4 parts a variety of services.
Medicare Part A = Hospital stays (inpatient hospital, nursing facilities, hospice, etc)
Part B = Medical services (doctors’ visits, outpatient, supplies, and preventive care)
Advantage Plans or Part C = Medicare Advantage (provides benefits to Part A and B, offered by private companies)
Medicare Part D = Prescription drug coverage