Insurance Quotes

There are websites all over the internet that say they offer “Free Insurance Quotes“.  However, if you have tried to do any comparison you will discover that usually they will provide you an insurance quote but 10 agents will be calling you for over a month trying to sell you one of their plans.

Websites that provide insurance quotes

There are three websites that provide actual insurance rates online without having to speak to anyone:

  1. Medicare Insurance Finders – offers Medicare Supplement Insurance Rates.  These quotes are available in 47 states and provide updated rates every month for individuals 65 or older.
  2. Life Insurance Rates – this website will allow you to compare life insurance rates with over 25 big name insurance companies.  Term life insurance rate are pretty easy to compare against other plans because a 20 year term is pretty basic – it covers you for 20 years.
  3. Dental for Everyone - is a company that offers a lot of dental plans.  They promote dental insurance plans in every state with the largest dental insurance companies like Delta Dental, Standard Life, Madison Dental and other carriers that are well known.  Continue reading

Bermuda National Healthcare

This week I was in Miami and listened to several men speak who owned insurance agencies, insurance companies and even handled re-insurance with Lloyds of London from Bermuda.  These men began explaining how Bermuda had implemented national healthcare for their 60,000 residents roughly 40 years ago.  They said that it originally looked like what is happening in the United States with the Affordable Care Act.

Affordable Care Act

In a nutshell, the Affordable Care Act (ACA) has had pieces go into effect prior to 2014 but the main dish is coming in less than 12 months.  In 2014, enrollments for group health insurance plans will be done through an exchange and individuals will be allowed to enroll for individual coverage through these exchanges as well.

The ACA will require insurance plans to cover base benefits, no cap or maximum on coverage benefits, no health questions, and many other things.  Some of these things where not in effect with traditional health insurance plans or plans as we know it and these changes are expected to cause health insurance premiums to rise.  Some newspapers have reported increases by as much as 200%, while I think that is a little high 30% is definitely reasonable.

Bermuda National Healthcare

Back to the point of this article, the gentlemen from Bermuda filled us in on what happen in their country when national healthcare was imposed.  They said it was a rough 5 years being implemented.  Rate increases, hospitals had problems getting reimbursed and many other things of this nature.  Forty years later he mentioned that they just about have the kinks worked out.

There plan is similar to Medicare.  They have base coverage and then need a supplemental insurance plan to cover the deductibles, co-insurance, and co-pays that they experience.  The base plans have no health questions, no pre-existing conditions and other features that make this coverage very similar  They also have plans that are rich in benefits similar to the Plan F Medicare Supplement.

Bermuda Medical Facts

Bermuda actually has been recorded as having the second highest healthcare costs in the world.  There plan also does not cover foreigners visiting the country.  Individuals are required to purchase health insurance to cover their own expenses and must be aware if their coverage offers benefits outside their country of residence.

 

What is Medicare Supplement Insurance?

With more and more seniors turning 65 and reaching Medicare eligibility we decided to write an article on the question we hear daily “What is Medicare Supplement Insurance?” I know we have many articles on the website that talk about comparing Medicare Supplement plans, but this article well be strictly educational on: what is Medicare Supplement insurance.

What is Medicare Supplement Insurance

A Medicare Supplement plan is insurance that fills in the gaps of Original Medicare (Medicare Parts A & B).  Medicare only covers a portion of your healthcare needs and over 15 million Americans have chosen a Medicare Supplement plan to help supplement their coverage. Continue reading

Benefits Association Senior Choice Medical Plan

Many times when individuals turn 65 they purchase the traditional Medicare Supplement and Part D plan.  This is a great option but what tends to happen is that health insurance rates increase over the years and the Medicare beneficiary is unable to change Medicare Supplements due to health questions (this does not apply in all states).  However, the new Benefits Association Senior Choice Medical Plan provides seniors with the Medicare Supplement type coverage without the health questions.

Benefits Association Senior Choice Medical Plan

The first questions that are probably coming to your head are:

What is the Benefits Association Senior Choice Medical Plan? How does it work? Are there limitations on the providers?  Are there rate increases high as well? How can I enroll?  Do I have to be a retiree or associated with Benefits Association?

These are great questions and we will address each one:

  1. Benefits Association Senior Choice Medical Plan: is a group retiree medical plan. It is health insurance for those 65 or older that supplements Original Medicare.  It is not a standardized Medicare Supplement but it pretty much covers the same thing besides a $10 co-pay at the doctors office.
  2. How does it work and who are the providers: The plan works like a regular Medigap policy and the providers are the same as your traditional Medicare Supplement Insurance.  As long as the doctor accepts Medicare you can go to them for service.
  3. Rate Increases: the average rate increase for this product is 3%.  We are not the insurance company so we can not guaranteed anything but the average rate increase is 3%.

Benefits Association Senior Choice Medical Plan Enrollment

To enroll in this plan you must be a member of Benefits Association.  You are allowed to join the association with the same application that you enroll in the Senior Choice Medical Plan.  These plans only have a 1st of the month effective date and enrollment forms are required 10 days prior to the effective date.  So basically the 20th of the month is the last day to enroll for the following month.

Benefits Association has an online application for this insurance plan. If you do not feel comfortable enrolling in this plan online please call our office at 1-800-800-1397 option 6 for more help in completing the Benefits Association Senior Choice Medical Plan Application.

Benefits Association Senior Choice Medical Plan

Benefits Association Group Retiree Medical Plan – 800-800-1397 option 6

 

 

Equitable Medicare Supplement Rates

Equitable is now introducing a Medicare Supplement product.  Equitable is expected to gain a lot of ground in the Medicare market through the course of 2013 and 2014. Equitable Medicare Supplement Rates are expected to be some of the most competitive Medigap rates in the market. They are large insurance company and expand across a good portion of the United States.  They are also a secure rated company with AM Best which makes them a company we recommend for Medicare Supplement Insurance.

Right now we see the Equitable having very low Medicare Supplement Rates in Mississippi, Texas, and many other states across the country.

Equitable Insurance Company

Equitable was founded in 1931, during the Great Depression, when America was looking for any ray of hope they could find.  Now, 80+ years later Equitable Life and Casualty is the second oldest and one of the largest insurance companies in Utah.  Wanting to expand its market they have now decided to offer Medicare Supplements on a national basis.  We see their rates are competitive and they have entered the market with a plan to succeed.

Equitable Medicare Supplement Rates

Equitable has decided to enter the Medicare market and should be releasing their Medigap plans in March of 2013. They will be releasing an online application that does not require a wet signature. Equitable will also have telephonic phone applications which will speed up the application process.

Medicare Insurance Finders will be representing Equitable since the are a financially secure company with competitive rates throughout the United States. If you would like to purchase an Equitable Medicare Supplement Plan or receive rates on their plans please contact 1-800-800-1397 option 6. 

Equitable Medicare Supplement Rates – MEDICARE QUOTE ENGINE

Equitable Medicare Supplement Rates

Equitable Medicare Supplement Rates – Insurance Rates available through Medicare Insurance Finders

Medicare Plans in North Carolina

As you may already know Medicare plans vary in every state across the country. Medicare Plans in North Carolina have better priced options than most states with their Medicare Supplement plans starting around $100 a month.

Medicare Plans in North Carolina

  1. Medicare Supplement Policies or Medigap Plans provide supplemental coverage to Original Medicare.  These plans fill in the gaps (deductibles, copays, and coinsurance) that Medicare does not cover.  These plans are standardized which means every insurance company has to provide the exact same coverage (Plan F is the most popular plan).
  2. Medicare Part D Prescription Drug Plans provide help in covering your prescriptions.  These plans can vary greatly and are not standardized so make sure to compare formularies and limitations before enrolling in a plan.  A Senior Market Advisor at Medicare Insurance Finders can help assist you with this.
  3. Medicare Advantage Plans take over the administration of your Medicare benefits.  In other words, Medicare Advantage Plans will pay the providers their Medicare fees for service but under their negotiated agreements.  MA plans can sometimes include prescription drug coverage and at times can be $0 premium.  However, there are deductibles, coinsurance, co-pays and a common $5,000 + out of pocket maximum per year.

North CAROLINA MEDICARE SUPPLEMENT RATES

Medicare Insurance Finders specializes in Medicare Plans in North Carolina.  We provide the #1 Medicare Supplement Quote Engine in the market.  Our rates are updated monthly and provide the most competitive Medicare Supplement Plans all across the country.

As mentioned in most of our articles rates are the most important factor when it comes to Medicare Supplemental Insurance.  Below are the rates for Medicare Plans in North Carolina.

Medicare Plans in North Carolina

Medicare Supplement Insurance

How to Proceed

If you are wanting to move forward with advice or enrollment about our North Carolina Medicare Supplement Plans, please call us at 1-800-800-1397 option 6.  We will help guide you to the best Medicare Supplement Plan available for your needs.

Need Medicare Supplement Insurance

If you need Medicare Supplement Insurance and are looking for supplemental plans that fit your budget – LOOOK NO FURTHER.  Medicare Insurance Providers offers you online Medigap Quotes.  We do not sell your information so do not worry about filling out the lead form and having hundreds of agents call you.  Before you get a quote there are a few things you should know about Medigap or Medicare Supplement Insurance.

  1. The first thing to understand is that Medicare Advantage Plans are not the same as Medicare Supplement Plans.  Medicare Advantage Plans take over Original Medicare where Medicare Supplement Insurance fills in the gaps of Medicare.  Medigap plans do not include Part D coverage while a lot of Medicare Advantage Plans do contain prescription drug coverage.
  2. If you need Medicare Supplement Insurance you should compare rates before choosing a plan.  Websites like Medicare Insurance Finders allow you to see up to 25 insurance company’s rates so you can see who offers the best price.  Unlike many things in life price is the most important factor with Medigap plans.  Coverage is standardized so two companies offering Plan F insurance must provide the same basic coverage. (APPLES TO APPLES)
  3. Compare financial stability of the different companies.  As long as you choose a company with B+ or higher rating you should be just fine, but a lot of people like to choose an A rated carrier just to make them feel better – I completely understand.

Need Medicare Supplement Insurance

Most people need Medicare Supplement Insurance quotes and/or advice when one of the following situations takes place:

  • Losing Group Coverage
  • Turning 65
  • Medicare Supplement Rates on current policy increase
  • Losing Medicare Advantage Coverage
  • Moving to a different area
  • Unhappy with current coverage (usually due to price or provider restrictions)

If you are looking for help with your insurance coverage call our office (1-800-800-1397 option 6) for all the advice and guidance you need pertaining to Medicare Supplement Insurance.

Need Medicare Supplement Insurance

Providing advice on Medicare Supplements for individuals with health issues

Medicare Part D Analysis

Do you know how to complete a Medicare Part D analysis?  An even better question is: does your Medicare Supplement agent help you compare Part D plans each year?  If not you need to call Medicare Insurance Finders who will compare Medicare Part D plans each Annual Election Period (October 15th – December 7th) to make sure you have the most cost effective plan for your needs.

Medicare Part D Analysis – How does it work?

To compare Medicare Part D plans several things need to take place.  Below we have them listed in the preferred order to make sure all grounds are covered. Continue reading

Medicare Plans in South Carolina

As you may already know Medicare plans vary in every state across the country. Medicare Plans in South Carolina have better priced options than most states with their Medicare Supplement plans starting around $100 a month.

Medicare Plans in South Carolina

  1. Medicare Supplement Policies or Medigap Plans provide supplemental coverage to Original Medicare.  These plans fill in the gaps (deductibles, copays, and coinsurance) that Medicare does not cover.  These plans are standardized which means every insurance company has to provide the exact same coverage (Plan F is the most popular plan).
  2. Medicare Part D Prescription Drug Plans provide help in covering your prescriptions.  These plans can vary greatly and are not standardized so make sure to compare formularies and limitations before enrolling in a plan.  A Senior Market Advisor at Medicare Insurance Finders can help assist you with this.
  3. Medicare Advantage Plans take over the administration of your Medicare benefits.  In other words, Medicare Advantage Plans will pay the providers their Medicare fees for service but under their negotiated agreements.  MA plans can sometimes include prescription drug coverage and at times can be $0 premium.  However, there are deductibles, coinsurance, co-pays and a common $5,000 + out of pocket maximum per year.

South Carolina Medicare Supplement Rates

Medicare Insurance Finders specializes in Medicare Plans in South Carolina.  We provide the #1 Medicare Supplement Quote Engine in the market.  Our rates are updated monthly and provide the most competitive Medicare Supplement Plans all across the country.

As mentioned in most of our articles rates are the most important factor when it comes to Medicare Supplemental Insurance.  Below are the rates for Medicare Plans in South Carolina.

Medicare Plans in South Carolina

Medicare Supplement Insurance

How to Proceed

If you are wanting to move forward with advice or enrollment about our Medicare Supplement Plans, please call us at 1-800-800-1397 option 6.  We will help guide you to the best Medicare Supplement Plan available for your needs.

When to apply for Medicare Supplement Insurance?

Are you wondering when to apply for Medicare Supplement Insurance?  The Medicare and You booklet, published by the Centers for Medicare and Medicaid Services, states that the best time to enroll in a Medicare Supplement Plan is during your Open Enrollment Period.  Unlike Medicare Part C & D, the Open Enrollment Period for Medicare Supplements is the first 6 months after you reach 65 and are enrolled in Medicare Part B.

Why is it so good to apply during this time?

The reason you want to apply for Medicare Supplement plans during this time frame is because you do not have to answer any health questions. This means that any pre-existing condition is covered with no waiting periods.  Also you can apply with any of the companies you choose – you are not funneled to the high risk pool.

When to Apply for Medicare Supplement Insurance?

There are different time frames in which applying for insurance is crucial.  As mentioned above there is the Open Enrollment Period for Medigap Insurance.  There are also guaranteed issue rights.   Without going into too much detail here, there are 7 different time frames when you can enroll in a supplemental policy with no health questions outside of your first 6 months with Medicare Part B.

Some examples of these guaranteed issue rights are: losing group coverage, losing MA coverage, insurance company going broke, or you were lied to or misled into enrolling in a plan.  You may be saying, “that’s great, but now what do I do and I how do I prove I am in one of these guaranteed issue time frames?”.

  1. You have to know when to apply for Medicare Supplement Insurance.  An application must be written within 63 days of losing coverage or one of the guaranteed issue rights happening.
  2. You will receive a letter from the company notifying you that your coverage was cancelled or Medicare Advantage plan will no longer be offered.  This will be required when applying for a Medicare Supplement.  Submit with your application, if you do not have your letter at the time submit the application but it will not be approved until the letter is received.

When to apply for Medicare Supplement Insurance is important since there are time restrictions. If you need help navigating these time frames call us at 1-800-800-1397.

When to apply for Medicare Supplement Insurance

When to apply for Medicare Supplement Insurance