Medicare Supplement Quote - Plans, Prices & Affordability

By Author: Tyra Phillips
Total Articles: 78
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Medicare Supplement Quotes from several insurance companies can be difficult to find if you are just turning 65 or enrolling in Medicare for the first time.  You can call the insurance companies directly, contact your local agent, or consult with a national insurance broker who carries every company and plan.  In addition to getting quotes from multiple companies, it is very important to get quotes for multiple plans as some plans are much more affordable than others.  All Medicare Supplement Plans are standardized, which is my shopping for the best Medicare Supplement Plan should involve comparing quotes from every company because they all offer the same benefits, just for a different price.

 
The most difficult method of getting Medicare Supplement Quotes is calling every company individually and getting prices for all the plans they offer.  This can be extremely tedious and your results may vary depending on who you call and how knowledgeable the people are who are working at the insurance company.  In addition to taking a significant amount of time, the people you speak with will not give ...
... you an honest opinion because there only agenda is to sell you the company plan.  There may be other affordable options that they just aren't telling you about.

 
The second method of getting a Medicare Supplement Quote is to contact your local insurance man.  Hopefully your local insurance man isn't a captive agent and can give you quotes for multiple companies.  If this is the case, you may be in luck, but only if your agent specializes in Medicare Supplement Insurance.   Medicare Supplemental Insurance is changing often and there are several rules and complexities that are not associated with regular health insurance and certainly much different from auto insurance and homeowners insurance.  While your local agent might be able to get you some good quotes, he might not have the experience and knowledge to make a good recommendation. 

 
The easiest way to get a Medicare Supplement Quote is to shop online with a national insurance broker who specializes in Medicare Supplemental Insurance.  They will be able to provide quotes from all companies and for all plans while giving you a good recommendation depending on your unique situation.  It is important when speaking with these brokers to ask for quotes from the best three companies and also to ask them to explain why they are making the recommendation.  They may be able to provide insight into customer service issues, company history regarding price increases, new offerings, and even discounts that may be available.  

 
In addition to getting a Medicare Supplement Quote from every company, it is important to get quotes for multiple plans.  Most experts agree that Medicare Supplement Plans F, G, and N are the most popular plans available on the market.  Plan F is the most expensive, but it is also the most comprehensive.  Medicare Supplement Plan G is often between $10 and $25 cheaper than plan F, but you must pay the annual Part B deductible, which is $155 for 2010.   Medicare Supplement Plan N is a new offering that became available on June 1st.  With this plan you not only pay the Part B deductible, but you will also have co-pays every time you visit any doctor or emergency room.  However, Plan N is cheaper than both Plan F and Plan G and can be a great option for people who are both on a budget and in extremely good health.

 
Finding a Medicare Supplement Quote from every company and for all plans offered is very difficult to obtain, but is essential when shopping for the Best Medicare Supplement.  It is wise to contact multiple sources, but most people find national insurance brokers have the most experience and knowledge.  In addition, contacting a national insurance broker can save you a significant amount of time and headaches.  Consider all Medicare Supplement Plans and choose one that fits your budget and also addresses your health needs.  At the end of the day, smart shoppers are good shoppers.