Comparison shopping between healthcare plans, such as Medigap versus Medicare Advantage, can be quite confusing.
When it comes to considering your Medicare options, you can spend hours doing your own research or you can speak to a local, licensed agent with . Your agent will compare your options to find the coverage that’s right for you … at a price that fits your budget. All at no cost and no obligation to you. With an arizona medicare agent, you get the benefit of great counsel along with great choices.
For prescription-drug coverage, the average beneficiary can choose from 27 stand-alone plans or 21 Advantage plans that include the coverage for 2019.
There are federal and state laws governing agents or brokers who sell Medicare plans, which include things such as barring them from showing up uninvited at your house to pitch a plan or trying to lure you with a cash offer. They also can not legally charge you a fee to process your enrollment.
Agents generally are compensated through commissions from the insurance carriers they are licensed to sell plans for. And ideally, Gavino said, the person not only will be well-versed in Medicare matters, but also will work in your best interest.
A Medicare Supplement Agent Will Save You Money
First, contrary to popular belief, you don’t have to pay any fees to work with the Medicare supplement agent. Agencies are paid directly from the insurance company, so you will never pay a dime for services from an agent.
Second, because independent agents typically represent more than one insurance company, you can get a quote for a Medicare supplement plan from multiple insurance companies all in one place. Your agent can shop the market for you to find the best coverage at the lowest rate. Because Medicare supplement plans are standardized by the Federal Government, you don’t have to worry about which company you choose to purchase your
Medicare supplement from. A Plan F from one company will offer the exact same coverage as a Plan F from another company– therefore, you can simply choose whichever company is offering you the lowest rate. If you work directly with an insurance company, you may be overpaying for your coverage and have no idea.
A Medicare Supplement Agent Will Ensure You Never Overpay for Your Coverage
Unfortunately, it’s almost certain that you will receive rate increases every year. Medicare supplement insurance is a type of health insurance, and health insurance costs tend to go up by single digit percentages each year. Trying to predict if, and by how much, a particular plan from a particular company will go up from year-to-year is arguably more difficult than trying to guess how a stock will perform in the next year.
Because of this, GoMedigap provides an extended service for clients, called Rate Watch, that proactively monitors your rate increases versus other offerings and alerts you if another offering has a better value. This is a service you will typically not find from other Medicare supplement agencies and is something our clients tell us they greatly appreciate