For years, I personally have been helping Texans with all types of health insurance. When dealing with major medical plans for individuals, families and the self employed, it seems that everyone is always shopping for the best deal. Rightfully so, they should be. The problem with major medical plans is even with the rate increase that happen every year, people opt to look for new coverage due to also having a lot of out of pocket risks. So, lowering their monthly cost and trying to take on less risk, drives major medical consumers to find the most comprehensive coverage they can at the best price available.
With people 65 years of age and older, there is not as much shopping that goes on. It is a constant trend that almost always stops once someone is on a Medicare supplement plan in Texas. When I do have the opportunity to do a free, no-obligation Medicare review for individuals and end up saving them hundreds annually on their premiums without loosing any of their benefits, most people always wonder why they did not have this comparison sooner.
The only reason I can think of that Medicare beneficiaries become complacent with there coverage, is quite simply their coverage. Let me explain, being that all Texas Medigap insurance plans are meant to literally fill the gaps left by Original Medicare, if the right plan is chosen it eliminates any and all out of pocket medical costs other than the monthly premiums. In most cases, when someone ages in to Medicare, they find themselves paying less per month for their coverage and less liability on covering deductibles, co-insurance, and co-pays.
For example, a Texas Medicare Supplement Plan F covers 100% of what is not covered by Medicare Parts A and B. So, someone on a Plan F paying less per month than what they use to pay for their major medical coverage, usually considers themselves quite lucky compared to what they use to have. Also, I have had a lot of client tell me that they were scared to change their coverage due to them maybe not getting as good of coverage as what their old Texas Medicare supplement offered.
Here’s the deal. All Medicare supplement plans in Texas are “standardized” by the Federal and State Government. So, there is no difference, other than cost, from one insurance company’s Plan F than another insurance company’s Plan F. So, by not having annual reviews and checking to make sure you are not paying too much for the same benefit, you could be spending hundreds of dollars more annually than you should be. Contact an agent today to see how we can help and receive your no obligation Texas Medicare Supplement Insurance Quotes.