Top 10 Medicare Supplement Companies

Do you ever wonder which Medicare Supplements are available in your area and how they work? First, it is important to know, you must have Medicare Part A and Part B to receive a Medicare Supplement.  All Medicare supplements are standardized and any plan is guaranteed renewable, even if you have health issues. The carrier cannot cancel your plan as long as you are paying the monthly premium.  Although every carrier offers the same plans, the rates are different based on age, gender, tobacco usage, location and sometimes health conditions.

Each carrier does implement rate increases each year for every plan. You will receive a letter from the carrier annually, 30 days prior to let you know you are receiving an increase. The average annual rate increase is roughly between 6-10%.

Each carrier has several different plans, such as A, B, C, D, F, G, K, L, M, N.  All plans offer the same benefits, but in some cases, additional benefits are offered.  You have the flexibility to choose which plan best meets your needs. 

MWG Senior Services selects the Top 10 Medicare Supplement companies based on their rating and their annual historical rate increases.   

Top 10 Medicare Supplement Companies:

1.            American Continental
2.            American Retirement
3.            Philadelphia American
4.            New Era
5.            Combined
6.            Mutual of Omaha
7.            Central States
8.            Aetna
9.            Gerber life
10.         American National

 

MWG Senior Services represents all of the Top 10 Medicare Supplement companies listed above and more. To see how their rates rank in your area, click here.  Please keep in mind that Medicare Supplements does NOT cover long-term care, vision or dental care, hearing aids, eyeglasses, or private- duty nursing.  However, Medicare Supplements will cover the 20% that original Medicare doesn’t cover.

Some Medicare Supplement policies also offer coverage for services that Original Medicare doesn’t cover, like medical care you may need when you travel outside of the U.S. Please keep in mind that Medicare Supplement plans are DIFFERENT from a Medicare Advantage plan. 

If you have any questions, please call MWG Senior Services at (877) 759-5760 or email us at seniorservices@morganwhite.com.  Our knowledgeable and experienced representatives are ready to help guide you through the Medicare maze.

Low Medigap Rates

If you are looking for low Medigap rates we can help you find the best rates possible in less than two minutes.  If you just want the meat an potatoes go to our Medicare Quote Engine, but if you want a little more information on how to find the lowest Medicare Supplement Rates available keep on reading.

Medicare Insurance Finders prides itself in finding the best Medicare Supplement Rates for its clients.  We have built a quote engine that quotes all over the country with over 30 Medicare Supplement insurance companies.  That is correct, we quote with all the companies not just one company.

You have choices and you can choose the best plan for your needs! Continue reading

Best Medicare Plan

Do you want to make sure you get the best Medicare plan when you turn 65 and are eligible for Medicare?  If so there are several things to consider:

  1. The Best Medicare Supplement Plans can be different for different people!  Some individuals prefer the Medigap Plan F coverage which has no co-pays, deductibles or coinsurance.  Others enjoy the Plan G which only has a Part B deductible and is usually 10% cheaper than the Plan F.
  2. The Best Medicare Plan for prescriptions is usually going to be the one that covers your prescriptions with the least out of pocket costs for the year.  Insurance Agents are not allowed to say “the Best Part D plan or best Medicare Advantage Plan.” So what we say is the most cost efficient plan for your according to the Medicare.gov website for the next plan year is XYZ Insurance Company Preferred Plan with a premium of $00.00.
  3. The Best Medicare Advantage Plan is a little tougher to calculate.  You must take into calculation the providers in network/out of network with the plan, does it offer drug coverage and does it cover your prescriptions, what are the plan deductibles, co-pays and coinsurance, and many other questions.  Medicare.gov is a good resource. Continue reading

Plan F Medicare Claim

I think it is a safe bet to assume that no one likes dealing with medical claims.  Whether they be a Medicare claim or just a normal claim through other group or individual insurance, claims are pretty much a miserable process   Today, Medicare Insurance Finders is going to cover some of the basics with a Medicare claim (specifically some of the issues with a bill that you could be required to handle).

What does a Medicare Claim Form look like?

Below is a picture of a a generic claim form that a doctor’s office would complete.  It has the basics of an individual’s information, doctor’s information and the procedure provided.

Medicare Claim Form

A generic claim form that may be used by providers for Medicare beneficiaries.

 Medicare Claims Issues with a Plan F

In brief a Plan F is a Medigap policy that fills in all the gaps of Original Medicare.  It comes in and pays all the deductibles, copays, coinsurance and other costs associated with Medicare Claims.  You are also allowed to go to any doctor or hospital that accepts Medicare with these plans.

We have seen an increase of mis-coded claims over the last few years.  We are not providers so we do not know if this is due to more codes, more difficulty in coding procedures correctly, or if there are other issues that we have no idea of.  However, we can tell you that if you have a Plan F and receive a Medical claim do not just write a check for the amount.

Claims with a Plan F Medicare Supplement should be covered 100%.  If they are not there could be one of two common issues:

  1. Medicare did not cover the claim.  If you are receiving a procedure that is not medically necessary according to Medicare and their billing codes then the claim will not be covered by Medicare which in turn means that Medicare Supplement company will not be able to “supplement medicare”.  For supplemental quotes click here(Guaranteed Issue options available).
  2. The claim was coded incorrectly.  Many times someone can just code the claim incorrectly which sends an automatic rejection from Medicare.  Unfortunately, this may require you to handle some of the claims process.  Not much of course, but you will be required to call your doctor and ask them to re-file the claim.  This will probably be their mistake but do not be upset with them b/c there are thousands of codes and it is easy to get confused.

Medicare Insurance Finders providing Medicare claims information that matters.  Contact Medicare Insurance Finders at 1-800-800-1397 option 6 for              Insurance Rates.

What is a Medicare Supplement?

The question “what is a Medicare supplement?” commonly gets asked by people who are closing in on Medicare eligibility.  This question is not that important to someone who is 40 years old and has another 25 years till they qualify for Medicare.  However, those turning 65 or individuals looking for retiree benefits tend to wonder – what is a Medicare Supplement?

In today’s article we will cover the basics of a Medicare Supplement along with the other names that are used for this supplemental coverage. Continue reading

YouTube Channel – Medicare Finders

Last week Medicare Insurance Finders went live with a YouTube Channel to provide our clients with another way of accessing Medicare and Medicare Supplement information.  As of today, 23 videos have been placed on the web explaining everything from Medicare Parts A, B, C, and D to Medigap Insurance and how it supplements your Medicare.

Continue reading