Don’t Overpay for “Brand Name” Medicare Supplement Insurance

Choosing the best Medicare Supplemental Insurance – or Medigap policy – can be a confusing nightmare. Hundreds of companies offer Medigap plans. And while lettered Medigap plans are all the same, companies are not.

It’s critical that you pick a strong insurance company to protect both your health and your retirement savings. But with hundreds of companies to choose from, how can you know which one is best for you?

If you’re like most people, you might think your best option is a big brand name insurance company. But a lesser-known company can often provide the same insurance, with the same – or better - level of safety, for a much lower price.

For example…

A 65-year-old, female living in New York, might pay $5,113 for Plan G with a big brand name insurer with a B Rating from Weiss Ratings. She could switch to a lesser known insurer which also has a B rating and pay $3,912. That’s a savings of $1,201 a month and $14,412 a year!

A 65-year-old male in Pennsylvania, currently pays $5,495 for Plan F with a big brand name insurer that’s rated A. He could save $3,071 if he switched to a lesser known insurer which has a A- rating. That is a savings of $36,852 a year!

Bottom line… higher premiums do not guarantee that you’ll get coverage from a stronger, more financially stable insurance provider. And while an A rating is higher than B, both indicate a strong insurer who can withstand changes in the economy and marketplace.

Why not shop for a company that has the lowest price for the same benefits? Weiss Ratings recommends evaluating your Medigap plan each year, especially when you receive that dreaded rate increase letter. You could save thousands of dollars by switching insurance companies and staying on the same Medigap plan.

Weiss offers an easy way for you to find the best Medigap plan at the best price. Click here for your custom guide that includes a complete list of plans from ALL Medigap insurance companies based on your age, sex and zip code – along with current rates for each plan.

Plus, you get the Weiss Ratings safety rank for every company. So, you can sleep at night, knowing your insurer is safe and financially stable.