Medicare Supplement Policy

-Choose your doctors- No network restrictions, freedom to go to any doctor or hospital that accepts Traditional Medicare. 97% of providers in the United States take traditional medicare

-No Referrals needed- See a specialist doctor without needing a referral from your primary care doctor

- No Pre Authorization needed- See a specialist doctor or receive a medical service without having to get approval by an insurance company.

-Predictable- No unexpected out-of-pocket medical expenses throughout the year. Pay the additional monthly premium and have peace of mind.

You and your doctor call the shots in regards to your healthcare. An insurance company has no say as to what services get approved or what doctors you can see. If Medicare approves the service, your supplement insurance carrier is required to cover you.

What to look for in a Medicare Supplement Insurance Carrier

-Rates

What is a Medicare Supplement premium? It’s the monthly rate that you pay to the insurance company that provides your Medicare Supplement coverage. This premium is in addition to your Traditional Medicare Part B Premium. Find out what premium each insurance carrier will charge you. Are they offering a low premium? Is it a competitive rate with other insurance companies in your zip code?

-Rate Increase History

Most companies will have an annual rate increase to keep up with medical inflation. What have the rate increases of the carrier been over the last 3-7 years? Are the rate increases reasonable or significantly higher than competitor carriers?

-Financial Rating/AM Best Rating

A number of rating agencies analyze the financial stability of insurance carriers. These companies give reports or grades on the fiscal health of the insurer. Ask your agent what the A.M. Best and Weiss Ratings are for each carrier. Then consider this information when making your selection.

Get a personalized analysis of which supplement insurance carrier offers the best pricing, financial rating, and rate history.

-Loss Ratio

The Insurance Companies National and State Loss Ratios. What % of premium have they paid back out in claims? The healthier/lower the carrier loss ratio the lower the rates should stay.

Supplement Plan G and N

-Plan G is simple. You're responsible for an annual $240 Part B Deductible- Everything after that is 100% coverage for A and B Medical services approved by Medicare. We call this the SWAN plan, meaning you get to Sleep Well At Night.

-Plan N is similar, but not quite as comprehensive. You're responsible for an annual $240 Part B Deductible- Everything after that you will see small copays for Part B services and the potential for Part B excess charges. (15% of the bill)

-You will never see a hospital bill with either plan.

Talk to an advisor