Why Medicare Supplements
Every Medicare plan that is offered, A thru N, is dictated by Medicare.
Every company’s plans offer the same benefits. In other words, what is in United Healthcare’s “plan G” is the same as every other company’s “plan G.” This makes shopping a bit easier.
THE MAIN DIFFERENCE BETWEEN COMPANIES: PRICE
You need to know the difference between the 3 methods of pricing…. There is Attained Age, Issue Age and Community Based ratings. Choosing the wrong plan could cost you over $200,000 in unnecessary premiums.
Attained Age
Issue Age
Community-Based
THERE ARE NO BAD INSURANCE COMPANIES
Insurance is not a one-size-fits all. Each company has nuances and niches – get an independent agent who understands the differences so you can make the best choice for you!
Companies That Offer Medicare Supplements
United Healthcare
Anthem
Mutual of Omaha
Combined, these three companies cover about 50% of the senior health market. Besides being able to offer these programs, there are a few smaller companies that I like and offer as well. Some of the smaller companies I can offer in my state of Indiana are Humana, Central States Insurance, Oxford, Aetna and Cigna. There are lots of other companies, but stick with one of these. I know the analytics of all the companies in the state and therefore the risks. Let’s talk before you make a choice.