Medicare Supplement Plan Comparison

Medicare Supplement Plan Comparison

If you’ve found this article, chances are you are doing your homework on your Medicare Supplement plan comparisons. Look no further! We developed a tool for you to use to show instant rates in your area so you can compare all of the Medicare Supplement plans. You can find this tool by clicking HERE.

We call this tool our Medicare Supplement Quote Engine and you’ll be able to see all of the Medicare Supplement plan comparisons from multiple carriers for plans A – N. Once you submit your information, you’ll be able to see all of the plans and rates. We will call you to go over your options and answer any questions.

One of the reasons our clients love us so much is that after we get your Medicare Supplement in place, we will also assist you in finding a Part D prescription drug plan that is most cost effective for you. We have a team in place to help you with your Medicare Supplement options and another team in place to help you with your Part D.

Our clients have found that our team approach benefits them the most. Instead of having one person you can call, you have an entire team that has your back when it comes to Medicare. If you’re new to Medicare and are in your Open Enrollment period for Part B, all of the plans are available to you with NO health questions! If you’ve been on Medicare a while and you’re looking for a lower rate, we will go through health questions with you in order to find a carrier that would best suit your needs.

Got questions?

If you need assistance, we are here to help you navigate the Medicare maze! Just give us a call at (877) 759-5760, option 1. Our advisors are ready to answer all of your questions. You can also email our team at seniorservices@morganwhite.com if you prefer. We look forward to hearing from you soon!

Manhattan Life Medicare Supplement

Manhattan Life is now offering Medicare Supplements!  They are based out of Houston, TX and are parent company of “Family Life Insurance Company.”  Now you can expect to see Manhattan Life Medicare Supplements offered through the same channels it was promoted several years ago.

Manhattan Life Medicare Supplement

Manhattan Life Insurance Company now offers Medicare Supplement Insurance.

Manhattan Life Medicare Supplements are expected to have very competitive rates when they hit the market.  They should also have an online enrollment which will make this a great product for agents looking to market the plan by phone.  I say this because plans that are easy for insurance agents to market usually get very good attention.

Manhattan Life Medicare Supplement Insurance

Medicare Supplement insurance is also known as Medigap insurance.  These plans are offered by insurance companies all across the country.    These insurance companies are rated by “AM BEST” which is the #1 rating agency in the country.  They have given Manhattan Life a rating of “B+”.  This means that they are a secure company and have a positive outlook.  Companies that have ratings of less than a B+ we do not recommend to our clients.

Manhattan Life Medicare Supplement Rates

When new carriers enter the senior market we are commonly asked about our predictions.  When asked what do we expect out of Manhattan Life, we predict several things:

  1. Manhattan Life Medicare Supplement Rates will start off very competitive.
  2. They are not hesitant to give rate increases when needed.  We saw this with their sister company Family Life Insurance Company.
  3. They will be a competitive Medicare Supplement company for three years after entering a state.

If you need help reviewing Medicare Supplement Plans contact Medicare Insurance Finders at 1-877-936-2991.  Thank you for trusting us with your business and if you would like to view all Medicare plans in your zip code check out our quote engine which compares plans in less than 2 minutes.

 

Medicare Supplement

Medicare Supplement Insurance is secondary insurance to Original Medicare. These plans are sold by private insurance companies to fill in the gaps of Original Medicare that you are required to pay.  These plans are regulated federally but can also have state regulations that govern how insurance companies can sell the plan in their state. An example would be the state of Texas not allowing Texas Medicare Supplement Insurance to price their plans by “Gender”.  This means a male and female pay the same rate.

Medicare Supplement Insurance Benefits

  1. Guaranteed Renewable – the insurance companies can not drop your policy.  These plans will be there as long as you pay your premium.
  2. Standardized – benefits are the same between companies so it makes Medicare Supplement comparison much easier than a traditional health insurance policy.
  3. Electronic Claims – you do not have to file claims, they are filed electronically.
  4. Open Enrollment Period – the open enrollment period for Medigap plans allows you to join a policy with no health questions for 6 months.  This is a huge benefit for someone with health problems.

Medicare Supplement Rates

If you have realized that Medicare Supplement plans are standardized you probably realize that they only difference between plans is their rate and financial stability!  Comparing rates is important because there is no need to pay more than necessary for the policy.

In Mississippi, the lowest plan F is about $105 per month and the highest plan F is about $180 per month.  There is no difference in benefits yet there is a $75 per month or $900 per year difference.  Make sure you compare plans before signing up.  To compare plans online go to out MEDICARE QUOTE ENGINE!  To speak with someone on the phone call 1-877-936-2991!

Medicare Supplement Outline of Coverage

Medicare Supplement Outline of Coverage

For more information on Medicare Supplement insurance contact our accredited advisors at 1-877-936-2991.

Need Medicare?

If you are transitioning from a group health plan or individual coverage and need Medicare information, we can help.  MWG Senior Services is a part of Morgan-White Group, and advises those 65 and older on how handle the new normal of health insurance.

Most people start trying to learn more about Medicare several months before they retire.  They realize that Medicare is going to be their health insurance plan for years to come so it is important to understand the ends and out.  In this article we will briefly touch on the basics of Medicare. Continue reading

Sequester Cuts Hit Medicare

Today I read an interesting article on MSN dealing with how the “Sequester Cuts Hit Medicare”.  Initially, I did not see this being to bad of an issue; however, after further review and a clarification from an MSN article (stating it is true) there could be some issues for those having Part B Cancer Drugs administered in their physicians office.

Sequester Cuts Hit Medicare

Brief Overview:  It appears that due to the sequester cuts that take place April 1st, doctors offices (oncologists) are not wanting to administer the cancer drugs (Under Part B) due to the costs and the possibility of losing money.   Hospitals are predicted to receive an influx of patients if a deal is not reached in Congress – which could hurt Medicare worst since it is approximately $6,500 more expensive to administer these prescriptions in the hospital versus the doctors office. 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.

Medicare Insurance Finders – 1st Quarter Newsletter

Thanks for visiting the Medicare Insurance Finders – 1st Quarter Newsletter.  We try to find  the top stories that pertain to our client base and sum them up into short stores.  If you have suggestions for future articles please let us know.

Medicare Insurance Finders – 1st Quarter Newsletter

Personal Financial Health

A recent study by Bankrate.com found that less than 55% of Americans have more of an emergency fund savings than credit card debt.  The actual percentages are 54% in 2012 and 52% in 2011.  If you want to find a positive in this at least we are going up in our statistics.

In 2012, the only positive increase on personal finances was the average individual’s net worth increased.  This can largely be attributed to the increasing stock market and the comeback of Real Estate prices.

Young Americans scared of Health Insurance Jumps

A statement by Aetna Chief Executive shows that rates could go up by as much as 50% on average for individuals and possibly double for for particular groups such as the young and healthy.

Insurers are saying rates will increase for several reasons.  Carriers are required to offer more extensive coverage, they will be unable to reject the sick and they can no longer charge higher premiums for older customers versus younger ones – these are the reasons the young individuals across the country could get a “Rate Shock” come 2014.

Medicare Supplements and Affordable Care Act

Most of the laws throughout the Affordable care act will not affect the Medicare Supplement Plans and Medigap plans in existence.  We will see some major cuts (roughly 7%) on Medicare Advantage Plans.

Some senators like John Kerry were very upset to learn that Medicare Supplements where still requiring health questions with their policies.  The difference here is:

  1. Medicare Supplements are supplemental coverage or additional coverage to get close to 100% not base coverage that is needed for care.
  2. Also if you look at Connecticut where it is community rated, the rates are more than double just about every attained age state.  Yes, everyone can qualify but most people can’t afford the Medicare Supplement Insurance.

Older Age Doesn’t’ Equal Less Work

According to the US Census Bureau we are seeing 16% of individuals over the age of 65 staying in the workforce.  There were 6.5 million over the age of 65 working in 2010, while in 1990 there  where less than 3.8 million.

The 65-69 age group saw the largest growth which is credited to the stock market crash which left a lot of seniors without the nest egg they once had. Many seniors say that working is a way to help them feel young and energized.  Please feel free to reply to this post and leave your comments.

2013 Medicare Insurance Finders – 1st Quarter Newsletter

Thank you for viewing our newsletter we ask you to let us know of any topics that you would like discussed in the upcoming 2nd Quarter Newsletter. We can be reached at 1-800-800-1397 option 6.

 

Medicare Insurance Finders - 1st Quarter Newsletter

Providing advice on Medicare Supplements for individuals with health issues

Medicare Supplement Quotes

Have you ever been to a website where the promised online Medicare Supplement Quotes but only showed you a screen that says “An agent will call you shortly with your quote”.  Kind of deceiving don’t you think!  Well, Medicare Insurance Finders provides you with online health insurance rates in just about every state across the country.  The quotes displayed are only for those 65 or older so if you do not meet this criteria, I am sorry that we can not help.

However, if you are looking for the most competitive Medicare Supplement Quotes we will provide you with online rates with over 25 insurance companies.   Companies like: Mutual of Omaha, Cigna Insurance Company, AARP/United Healthcare, Aflac, American Continental, New Era, Philadelphia American, Gerber Life and many more.

Yes, these are online quotes that are available in minutes through our Medicare Quote Engine.  If you would like to view these Medicare Supplement Quotes without reading the remainder of the article click here!

Here is a sample of how the Medicare Supplement Rates appear:

Medicare Supplement Quotes

Compare Medicare Rates – Medicare Insurance Finders
Save Hundreds on your Supplemental Insurance

MEDICARE SUPPLEMENT QUOTES – RATE FACTORS

There are several factors that are important to understand when comparing rates between insurance companies.

  1. Standardized coverage – each company has to offer the same benefits.  This means that a Mutual of Omaha Plan F provides the same coverage as the Cigna Medicare Supplement Plan F.  Price is a very important factor and should be compared between Medicare companies.
  2. Financial Ratings – choose a carrier with a B+ or higher financial rating with AM Best, a world-wide rating agency that monitors insurance company financials.  The rating is important because you want to have a company that will be financially stable.
  3. Loss Ratios – sometimes choosing the lowest price carrier can get you in trouble.  There are certain carriers that enter a marketplace with a policy that is 15% cheaper than any other policy available.  They are destined for high rate increases.

Medicare Insurance Finders offers solid advice to their clients and those seeking help in finding the right Medicare plan..  Our organization provides Medicare Advice all over the country and offers a “Welcome to Medicare” presentation to help people understand the basics of Medicare.  We can be reached at 1-800-800-1397.

When comparing Medicare Supplement Quotes know that if you are in an “ATTAINED AGE STATE” your premiums will typically be going up each year on your birthday.  Also Medicare Supplement premiums have an 8% average rate increase per year so do not be surprised to see these types of increases.

Pennsylvania Medicare Supplement Insurance

Pennsylvania Medicare Supplement Insurance is a standardized insurance product that is regulated by the federal government but managed by the Pennsylvania Department of Insurance.  There are 10 Medicare Supplement Plans available but the most popular plans are the Plan F and Plan G.  To learn more about Medicare Supplement Insurance read below, but if you just want Pennsylvania Medicare Supplement Rates Click Here. Continue reading

Cigna Medicare Supplement Insurance

Cigna Medicare Supplement Insurance is being released to the public in February of 2013. This is expected to be one of the most competitive insurance companies writing Medigap insurance plans.  You can expect them to have low rates across the country with an online application that licensed insurance agents can enroll you through.

Cigna has been known as a market leader in the health insurance industry for many years and is expected to have an exciting entry in the Medicare Supplement market.  Cigna Medicare Supplement Insurance Rates will be available on the Medicare Supplement Quoter as soon as they have been approved by the different insurance departments.  We are known for providing health insurance rates online with numerous insurance companies and you can guarantee that we will had Cigna to that list.  Continue reading