| Comparing Medicare Supplement insurance plans is an | | | | so if your plan is not named after one of these letters, |
| essential part of any secure financial future for those | | | | it is likely not an actual Medicare Supplement plan. |
| on Medicare. It is easy to sign up for the first plan that | | | | Once you know which plan you have currently, you |
| comes along - there are definitely plenty of | | | | can compare apples to apples by looking at like plans, |
| opportunities for that. However, it takes a little more | | | | with the realization that the same letter plan will be |
| work to compare supplement plans so that you can | | | | equal coverage. |
| make a choice that gives you maximum coverage for | | | | - Secondly, get quotes from as many plans as |
| a minimum price. | | | | possible. Many people find it easiest to use a qualified |
| If you have explored the topic much, you probably | | | | broker to do this but you can do it on your own as |
| realize that all Medicare Supplement plans, regardless | | | | well. However you do it, make sure you are vigilant in |
| of company, are Federally-standardized. That is, each | | | | getting quotes from as many (or all) companies as |
| plan is the same from company to company. A Plan F | | | | possible so you can make sure you will receive the |
| with one company is the exact same as a Plan F | | | | lowest rates. |
| from another company. | | | | - Lastly, make a choice based on all available quotes |
| With that in mind, there are a few important guidelines | | | | and company reputation only. Do not allow other |
| to keep at the forefront of your Medicare supplement | | | | factors to weigh into your decision process. As |
| comparison: | | | | previously discussed, supplements are standardized by |
| - First and foremost, you should carefully examine | | | | the Federal Government. Coverage and claims |
| what kind of Medicare insurance you currently have (if | | | | payment is the same from company to company. So, |
| you have Medicare insurance already). Far too often, | | | | once you have all of the information, make a choice |
| seniors think that their employer insurance or Medicare | | | | from those plans based on price and company |
| Advantage plan is an actual Medicare Supplement. | | | | reputation. |
| Supplements, however, are named for the letters A-J, | | | | |