Making a decision on your Medicare is a long process, and everyone has different circumstances.
Part of the process in finding the best supplemental insurance for you is to understand your unique situation, evaluate which rules of Medicare apply to you, understand how Medicare works, how a Medicare supplement plan works with your Mediare, how to get prescription drug coverage, and finally, start the actual shopping process.
You could start that process all by yourself, and many do. However, working with a knowledgeable and friendly agent earlier can save you a lot of frustration later.
Benefits of Working with a Medicare Supplement Agent
Medicare is full of medical terms, insurance lingo and hidden deadlines. It can be extremely difficult to navigate, and continues to grow more and more complex every year. This comes as a surprise to new Medicare enrollees who expect the transition to Medicare to be effortless.
A Medicare supplement agent can help you ease the confusion by taking care of the process for you while educating you along the way.
Here are 5 benefits of working with a Medicare supplement agent…
A Medicare Supplement Agent Will Save You Time
Medicare can be extremely confusing, and it’s easy for new beneficiaries to waste a lot of time doing research on all of the deadlines, lingo and costs, only to find that they still don’t understand it. When you work with a Medicare supplement agent, you don’t have to do the research on your own.
An independent Medicare supplement agent will educate you on everything you need to know so that you don’t have to waste time on unnecessary research.
Additionally, rather than going to one-by-one to get quotes from each insurance company, an independent Medicare supplement agent will provide you with one quote that will contain your rates from multiple insurance companies. Your agent can shop the market for you to find the best coverage at the lowest rate – and you don’t have to waste any time!
A Medicare Supplement Agent Will Educate You
It is highly important that you understand your Medicare coverage when you turn 65 so that you can understand what out-of-pocket costs you will be responsible for when you visit the hospital or doctor. Unfortunately, this is not the case for many Medicare enrollees.
A good Medicare supplement agent will educate you on how Medicare Parts A & B work, how Medicare supplement plans work, which Medicare supplement plan makes the most sense for you and which company can offer the best rate for that plan. After you have learned that, you will feel empowered to make an educated decision on your coverage within just a few minutes.
A Medicare Supplement Agent Will Save You Money
First, contrary to popular believe, you don’t have to pay any fees to work with the Medicare supplement agent. Agencies are paid directly from the insurance company, so you will never pay a dime for services from an agent.
Second, because independent agents typically represent more than one insurance company, you can get a quote for a Medicare supplement plan from multiple insurance companies all in one place. Your agent can shop the market for you to find the best coverage at the lowest rate. Because Medicare supplement plans are standardized by the Federal Government, you don’t have to worry about which company you choose to purchase your Medicare supplement from. A Plan F from one company will offer the exact same coverage as a Plan F from another company – therefore, you can simply choose whichever company is offering you the lowest rate. If you work directly with an insurance company, you may be overpaying for your coverage and have no idea.
A Medicare Supplement Agent Will Ensure You Never Overpay for Your Coverage
Unfortunately, it’s almost certain that you will receive rate increases every year. Medicare supplement insurance is a type of health insurance, and health insurance costs tend to go up by single digit percentages each year. Trying to predict if, and by how much, a particular plan from a particular company will go up from year-to-year is arguably more difficult than trying to guess how a stock will perform in the next year.
Because of this, GoMedigap provides an extended service for clients, called Rate Watch, that proactively monitors your rate increases versus other offerings and alerts you if another offering has a better value. This is a service you will typically not find from other Medicare supplement agencies and is something our clients tell us they greatly appreciate.
A Medicare Supplement Agent Will Give You Unbiased Advice
Our agents are not financially motivated to push a particular plan or company. They are paid flat-rate commission regardless of which plan they sell. Because of this, you can be confident that you will receive unbiased advice and will not be oversold on any recommendations.
Because of the above reasons, and many more, working with a trustworthy agent will likely be in your best interest. Simply starting with an agent can save you hours and hours of confusion and frustration as you try to gather all this knowledge and make an informed decision.
At GoMedigap, our agents take an unbiased, educative approach to the Medicare process. Within just a few minutes on the phone, you’ll understand the different aspects of Medicare, the costs you are responsible for, and which additional coverage you need. To speak with one of our professional agents, please call us directly at (866) 894-3258. Or, receive a quote from 30+ of the top Medicare supplement companies, visit our Medicare supplement quoting tool.