You have just turned 65 and signed up for Medicare or you already have Medicare and all your health care expenses are taken care of right? WRONG! Original Medicare has gaps in the coverage, thus the term “Medigap” which is used to refer to senior health plans. Medicare has deductibles, coinsurances and a set amount of lifetime reserve days. There are two different types of senior plans. One is a Medicare Supplement plan. These plans are standardized by the Federal Government. The other senior plan is called a Medicare Advantage Plan. In this article I will discuss the senior health plans called Medicare Supplements, Med Sups, or Medigap plans. They all refer to the same type of Medicare plans.
Mary contacted me about options and we decided that BCBSGA average medicare supplemental insurance premiums plan F was a good fit. The plan would save her about $60 per month for identical coverage.
This morning on Fox News a physician who treats prostate cancer in men said that this would greatly affect the survival rate of men with this form of cancer by limiting testing and treatments.
Establish upfront that you are in the business of providing insurance policies to people who need and want them. The types of policies you sell may vary(life, health, annuities, auto, home, etc) and no one is really successful trying to sell them all. You must determine what business you are in so that you can determine who your client should be. Dont market to the world; market to your niche!
The attained age rate premium may seem like the lowest premium of all. Out of all the medicare supplements pricings, it starts out at the lowest pricing. However, it doesn’t stay low. The premiums will go up as you get older. They will continue to go up. It is similar to an adjustable rate mortgage. There is no fixed price, or guarantee of a fixed price. This will hurt you in the long run. It’s a common fact that you will have less income as you get older. With continuously increasing premiums, you may find that you can’t afford to pay for your supplemental insurance at all. This can result in loss of policy, which you may need at a crucial time in your life.
I will, however, tell you what I did. Last year, because of some health issues I was having, I had to retire somewhat sooner than expected. When I saw it coming, I realized some action must be taken. I wasn’t ready to put my financial future totally in the hands of the government especially when I knew how thin is the thread that is holding Social Security together. I knew I had to do something, but what?
Don’t lump us together – we are very different people within one demographic. We’ll respect you and your product when you treat us as individuals. We may even become your best customer, and you will be rewarded with the trust and esteem of a very large audience.