Are There Similarities Among Medicare Supplement Policies?

Are There Similarities Among Medicare Supplement Policies?

Well, when you’re looking for Medicare, your inbox and phone are likely to be flooded with sales agents and insurers hoping you will register with them. So, you want to stay one step ahead of your game, so go online and try searching through miles of information about Medicare and Medigap policies. Get a 2019 supplement quote at

Your intentions are great, but surrender and browse a website that can give you many quotes from various agents and carriers. Now you have control and also you are at the top of your game. Fill in the form and press the submit button.

Well, the phone rings and you take it, and the agent greets you, my name is Agent Barry. I see you searched online to check on additional Medicare insurance. You have a wonderful conversation with the agent and you begin to think that it will be easy. But hold on, another agent gives you a call and says that his insurance is from a reputable company and that you should enroll with them because their rating is quite high and you can count on it.

Hmm, he seems to be right. Yes, forget the recent banking crisis and investment banks on Wall Street. Yes, and forget about Enron, etc. Big is better. Yes, he’s right; the company is bigger and has a grade of A. But is that true? Yes, a good evaluation is excellent, but you have to understand that all policies are similar, irrespective of the insurer. In 1966, they were standardized by the government and administered by the Social Security Administration. The Medicare Health Administration-HFCA program was created in 1977. The benefits of Part A consist of 4 parts and insure long-term care, inpatient hospital care, home care services and hospital care for people with terminal illnesses. If you enter the social security system and attain the minimum quota, this will do you good. Part B is voluntary and you have to pay a monthly fee to receive this service. It insures health insurance for medical expenses, outpatient services, as well as exams and other medical services.

Part C is Medicare benefit policies and these policies are monetarily supported by the federal government and offer extra benefits: dental and vision; and they are heavily subsidized. Part D insures your requirements and, again, is voluntary.

Now, what the government’s policy is not addressing, you can get a Medicare supplement policy to fill in the gaps in parts A and B. There are many websites that explain it and you will receive a brochure in the mail explaining what is insured and what does not come from the Social Security Administration.  Now, the conclusion; the policies of all my friends are similar. Yes again, all the policies are similar. It is like a flat-screen Television sold in different stores. It’s the same product, but it can be less expensive with one store against another. Therefore, you must buy by first comparing prices from different stores. This is how you to go about it. Do not be fooled by an agent when he tells you that their product is better. It is not possible.