Medicare Supplement Insurance Can Save the Day

Medicare supplement insurance is great for the people that have no way of paying for the gaps created by a Medicare policy that doesn’t cover your needs.  This being said, it is very important that you know what Medicare supplement insurance plan you are paying for and that you are paying a fair premium.  It is not uncommon to have the private insurance companies that sell Medicare supplement insurance sell the same policies for different premiums.

Understand that when you are researching Medicare supplement insurance you need to compare the same policies with different companies to the premiums.  Some states will have different requirements for what you need to have to get certain Medicare supplement insurance, regardless, you need to make sure that you have the coverage that you need.

The following important change to Medicare supplement insurance will happen later this year: Starting June 1, 2010, the types of Medigap Plans that you can buy will change:

  1. There will be two new Medigap Plans offered—Plans M and N. 
  2. Plans E, H, I, and J will no longer be available to buy.  If you already have or you buy Plan E, H, I, or J before June 1, 2010, you can keep that plan. Contact your plan for more information.

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