After sweeping changes due to health care reform and the Medicare Modernization Act, almost every American will be affected. Seniors who have been Medicare for years will notice that prices for Medicare Supplementary Insurance are very different and there are two new options that have never been available before. In light of these changes, getting Medicare Supplement Quotes from a trusted source has never been more important, especially for people who are in great health or are on a tight budget.
Two new Medicare Supplement Plans have been introduced to the marketplace, which is Plans N & M. These plans are more affordable on a monthly basis, but their benefits package is not as complete. They can be a great option for people who rarely visit the doctor and are on a tight budget, but buyers should be aware that they face greater out of pocket costs if they need a significant amount of medical care as they age. At this point in time, Plan N seems to be more popular than Plan M.
With the addition of Plans N & M, four plans have been eliminated. Medicare Supplement Plans E, H, I & J have been eliminated because Medicare has removed the “At-Home Recovery” and “Preventive Care” benefits from all plans. The most popular of these plans was Plan J, and there is speculation that people who have purchased this plan will have significant price increases in the future, but only time will tell.
Most experts still recommend Medicare Supplement Plan F as this plan is the most popular and the most comprehensive. Getting Medicare supplement quotes from all companies can be very beneficial for people who are smart shoppers because every company offers the same exact plans for a different price. Other plans that are purchased often include Plan G and Plan N, which almost always have lower monthly premiums, but have a reduced benefits package.
These changes have provided the insurance companies who offer Medicare Supplemental insurance an opportunity to reset their prices so they can become more competitive in the marketplace. Almost all insurance companies have changed their prices over the past few months, which means everyone should get Medicare supplement quotes to make sure they still are getting their plan for the very best price available. Remember, smart shoppers, save the most money and get the best bang for their buck.
Medicare supplement quotes can be difficult to find, and most agents will not have the resources available to give you prices from every company. However, getting quotes from a knowledgeable agent or broker will save you money and time. In addition, you will have peace of mind knowing you made a great decision and will be able to get quality medical care at an affordable price.
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