Will my new Medigap plan pay my claims like my last one?

September 12, 2011

Many seniors are often relucant to make a change because they like how their current medigap plan pays for their claims.  Even with higher rates, seniors worry about change to a lower price medigap plan. 

Lets look at how claims are paid to learn why this should not concern you when changing plans.  Here is the process:

  1. You visit your doctor and have a procedure.
  2. Doctor will send that bill to Medicare with the code for the procedure listed.
  3. Medicare will notify your insurance carrier that you have had a procedure and the Medicare negotiated rate is such and such. 
  4. The insurance carrier is required to pay that Medicare negotiated amount.

If a carrier does not pay the claim as directed by Medicare, they will lose their ability to sell a medigap policy.  So, in closing it does not really matter what carrier you have for your medigap plan.  As long as they are approved to sell medigap plans and your doctor accepts Medicare; your claim will be paid.

If you would like to see if you are over paying for your medigap plan, visit www.mymedigapconsultant.com.  We will compare your plan premium to others in your area to make sure you have the best plan for you.

How to choose a Medigap Plan

September 9, 2011

There are several factors you want to use when either first enrolling into medicare or if you are shopping for a new medigap plan.

   Work with a broker who represents multiple medicare supplement companies
   Work with someone who wants to learn about your situation
   Work with someone will answer all of your questions regarding medigap plans

If you would like help exploring your options, feel free to give us a call or send us an email. We try hard to make this a simple and painless process.

You can reach us by visiting www.mymedigapconsultant.com

Annual Enrollment Period – Does it apply to you?

September 8, 2011

Annual enrollment period is a confusing period for many seniors.  This is the time at the end of the year you can change Part D drug coverage plans or medicare advantage plans for next year.  For 2011, annual enrollment period start date has changed.  It now starts October 15 and runs until December 7th. 

Many seniors don't know that this period does NOT apply to their medicare supplement or medigap plans.  Medigap plans may be changed at any time during the year.  Clients are often happy to learn they can make a change if another plan has better premiums.  If you have a medigap plan F that has recently had a rate increase, you may be able to change to another carrier with a less expensive plan.

If you would like to find out if there are plans with lower premiums in your area, visit www.mymedigapconsultant.com.

Happy Labor Day – Medicare Open Enrollment Coming Soon!!

September 3, 2011

Happy Labor Day everyone. I hope your summer was a pleasant one and not too hot!

We are preparing for open enrollment for our clients and their part D plans selections. It's a service we provide to our medigap clients. If you are interested in getting help with your medigap plan (we work with all of the best medigap plans) and need help with your medicare part D plan, feel free to send us an email or give us a call.

To our existing clients, we will be calling soon to review your medigap plan options and help you find the best Part D coverage based on your current medications. Please have your medication list ready.

Happy Labor Day from My Medigap Consultant!

September 2, 2011

Happy Labor Day everyone.  We at My Medigap Consultant hope everyone had a safe and happy summer 2011.  We are getting ready for the new open enrollment season for Part D and Medicare Advantage.  If you would like to see if we can help you find a better priced medigap plan, please give us a call before Oct 15th.

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