Should I Choose the Most Expensive Medicare Supplement Plan Available?
As licensed agents who sell Medicare Supplements in Texas, this is a question that we are asked very often. Most people believe that they should never skimp when it comes to their healthcare. Although we understand why someone would feel this way, the truth is that you do not need to purchase the most expensive option. If you are searching for a supplement, we recommend calling an agent that works with several carriers.
Medicare Supplement plans in Texas are standardized. This means that if you purchase Plan G, it’s going to cover the same things regardless of the company. According to the book that the Centers for Medicare and Medicaid Services distributes annually, called Choosing a Medigap Plan, cost is usually the only difference between two plans with the same letter sold.
Just recently, we helped a client in Texas try to find a Medicare Supplement. She was adamant that she did not want the least expensive option. After we explained this concept to her, she felt comfortable enrolling in a lower cost plan from a trusted company.
To clarify, it is important that you choose a company that has experience. Additionally, we want to make sure they do not have a history of large rate increases. You also want to choose a carrier that will be around for years to come, this is why we only work with carriers with good financial strength ratings.
What’s the least expensive Medicare Supplement Plan in Texas?
Call us at 210-908-6565 and we can give you quotes from several companies.