How to save on Medicare supplement plans

When choosing Medicare supplement plans, also known as a Medigap, make sure to compare their costs. All Medigap plans are standardized, they offer the same coverage, but the costs will vary depending on the insurance company offering them.

The American Association for Medicare Supplement Insurance(AAMSI) offers an online database with the contact information for Medigap insurance agents. The database is great tool to assist you in finding knowledgeable agents who will help you compare the costs of Medigap policies. When speaking with an insurance agent find out if they only sell policies form one company or from multiple ones.

When purchasing a plan, always inquire about “household discounts.” However, it is important to realize that not every insurance company will see you as qualified for a discount. Lastly, remember that you do not have to keep the same insurance plan every year. Make sure to compare the available plans each year, as insurance rates are subject to change.