

Guaranteed Issue Rights
Guaranteed issue rights (also called "Medigap protections") are rights that a person has in certain situations when insurance companies must offer them certain Medicare Supplement policies. The following 8 situations may provide a Medicare beneficiary with a Medicare Supplement guaranteed issue right that allows them to purchase a Medicare Supplement policy after their Medicare Supplement open enrollment period ends. An insurance company cannot refuse to sell them a Medicare


Tips for shopping-Rates
Trying to contain the cost of a Medicare beneficiary’s Medicare Supplement insurance can be quite a challenge. The premium pricing method a company utilizes will affect future premium costs. A policy that looks inexpensive when it is first purchased at age 65 could end up being the most expensive when the person hits age 80. Insurance companies use three different ways of setting premium prices. In some states, those choices are limited to only one or two. Community-rated pla


Tips for shopping-Standardization
When comparing Medicare Supplement policies, it is important to remember that these policies are standardized. This means that the Medicare Supplement policy must follow federal and state laws designed to protect consumers, and it must be clearly identified as "Medicare Supplement Insurance." Insurance companies can only sell consumers a "standardized" policy identified in most states by letters. The letters associated with these plans are Plan A, B, C, D, F, G, K, L, M, N. I