The Puritan Advisor*

Choosing Medigap Provider: Name Recognition vs. Lowest Price


by admin on June 21, 2012

Choosing Medigap Provider: Name Recognition vs. Lowest Price

When it comes to selecting the best and most affordable Medicare supplement insurance policy there are many factors to consider. First you will research policy options, such as; Medicare supplement g, Medicare plan n, or plan f and choose the plan that will best cover your individual health care needs. Once you have decided which plan is right for you, there is another choice to make.

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Choosing your Medicare Supplemental Insurance Company

Read the scenario below.

You have just decided to purchase a Medicare supplement f insurance plan. You made an informed decision to select plan f, based on your needs and financial situation. The time has come to select the supplemental insurance provider of your choice. All Medicare supplemental insurance policy benefits are standardized throughout the industry. This means you can purchase that plan f through ANY provider and will receive the exact same benefits. However, different providers offer different rates. Meaning, you could end up paying more with one provider, for the exact same benefits as if you’d chosen another provider.

How do you make your decision? First and foremost, it is important to take advantage of the free services at your fingertips. Contact a licensed agent with an agency, who will be able to provide you with a free rate quote comparison from the top providers for the plan you have chosen. Once you know your choices, how will you make your decision?

Will you:

A. Choose to go with a company with name recognition?


B. Decide to choose the lowest price offered?

Sometimes, those two options are one and the same, but other times, the name brand recognition and peace of mind, could come at a higher cost than choosing a top rated provider that you may never have heard of.

The choice is yours! To get a free and personalized rate quote comparison from top rated industry carriers, click the button below.


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