Many seniors and those just turning 65 often ask the question, “What is the cheapest Medicare supplement policy?”
This question of finding the best Medicare supplement policy is a great one and has a different answer based on a number of factors. Let’s look at a few of these factors.
Where you live, and your current age and any chronic conditions you may have will factor in to whether or not you can get the lowest possible price. Having an independent Medicare Supplement agent working for you can potentially save you thousands of dollars each year.
Many seniors join a Medicare supplement plan when they turn 65 and never again worry about changing companies or checking the market to see if there is a better price. This is when an independent agent can really pay off. By shopping the entire marketplace, you will soon learn that the cheapest Medicare Supplement policy is often the exact same benefit plan you have (Plan F, for instance) but as much as $100 per month cheaper.
Why is this? Because different insurance companies may charge different rates for the same, exact policy. That is a quote from the Medicare & You guidebook, and the Medicare program wants you to know that a Plan F is a Plan F, regardless of how much you’re paying for it. The cheapest Medicare supplement plan does not mean lower quality, as it is the same, exact coverage.
With an independent Medicare agent working for you, you have the opportunity to shop the entire market without costing you a dime. The services are absolutely free, as the commissions are paid by the insurance companies. If you would like a free analysis of the cheapest Medicare plans in your area, call the Senior Savings Network at 1-800-729-9590. We would be happy to help you in your search. Our service is free.